Member Info for bonker99

Morning.

Interesting isn't it?

One more shake - agree around 65p - or they go from here instead, impossible to know but boy is she low on all the techs.

Going to be interesting to see how all this turns out :)

I'll ignore the chartist comment lol

Last time she was this oversold on the Daily she did +50% - low 2s certainly possible of course, seems to be reaching for it in an untimely manner though so maybe there's something else coming - time will tell as per.

Picked a few up @ 2.99p - hella oversold now.

He forgot the tidal wave/Biblical flood ;)

Morning.

Picked some up here @ 270s having exited @ £4 a while back.

Looking perky again.

Agree with most of that but let's be clear, it's the bankers driving all this - including the strong, sustained inflation they need more than anyone else.

I wouldn't, personally, be worrying about the Gold/Silver price in the year(s) ahead :)

The market just priced in the biggest/most likely rate cuts that's ever been seen in 2023 Q1 for starters.

Re rates - I suspect 75bps next week, carnage to follow, then pause/pivot in September ahead of mid-terms.

The point on currencies is well taken and I've voiced it myself on FinTwit these past weeks - while our Gold/Silver/miners are priced in GBP that's being suppressed by the mighty Dollar, it, in and of itself, is applying an upwards pressure to our local prices and that can be seen when you're buying physical metal yourself.

If the spot price(s) happens to go up at the same time (perfectly possible) then it's a double-whammy.

Given that "this lot" managed to 4x their Gold reserves on the back of Yanfolila, a project they bought in under budget and ahead of schedule, whilst barely coming to the market for money during that time I'd be feeling pretty confident about Kouroussa myself - not least because it's heavily front-loaded @ 120k oz pa for the first three years, hence the whopping IRR.

AISC?

Everyone will be guessing those for any current/future project in the year(s) ahead given the inflationary outlook but they've quoted $1k. It likely won't be that but I'd suggest we can maybe pencil in something like $1,300 in the real/inflationary World.

A $1,300 AISC and Gold @ just $1,700 (highly unlikely to be that low through 2023) then just one year's FCF throw-off would be more than the current HUM mcap in cash alone.

Morning.

Yes, I know and I went with that "worst/not likely to happen" case just to demonstrate that in a full year leading up to first pour at Kouroussa in Q2 2023 it would have an insignificant impact when compared to the value of the Kouroussa and Dugbe assets in a firesale, that would multiply the current mcap in a number of times, so the talk of going out of business is just nonsense.

This is how it's likely to be on here over the next few quarters though, it's all part of the game :)

Chill yer beans Hoppa - those 10x tickups are very telling ;) ;)

Yes, on your more than reasonable "likely worst case" numbers they stand to lose a whopping £10m at 80k oz pa which set against the firesale value of Kouroussa and Dugbe of c£200m net to HUM is a pittance so let the bankruptcy talk continue as they like - whatever keeps the SP low/er over the next 4-6 months works just fine for me.

Looking forward to the inevitable volume increase over that period.

Interesting notion this talk of selling ASAP at 9p when the entire enterprise has just been publicly marked to market at a minimum value of 9p.

Each to their own I guess ...

Feeling it.

Gold seems to like it so far - go figure - fingers crossed:

https://twitter.com/bonker_99/status/1550096239919861760?s=20&t=EhFgEIf2osTRt67q1tbzYA

ECB hikes by 50bps - all the way back up to zero lol

Morning.

Aye it's time now as much as anything else.

Pretty much the "meh" numbers I was expecting for Q2 but at this mcap/SP vs Kouroussa & Dugbe it's really neither here nor there IMO.

Good enough to bottom her @ 9p?

Maybe, maybe not - time will tell - Gold having a nice wobble at the moment but still heavily oversold on the daily RSI of course so I'm not worried about that anytime soon but it's going to be an interesting few months :)

That woke her up - see how she goes.

5% up - nosebleed territory ;)

Looking perky :)

Eyes down if ya folla.

https://schiffgold.com/key-gold-news/ukraine-sells-billions-in-gold-to-raise-cash-to-buy-goods/