Member Info for bonker99

U.S. TREASURY 30-YEAR YIELD FALLS BELOW 20-YEAR FOR FIRST TIME

Wow indeed.

"Q3 real GDP growth came in at 2%, but nonfarm inventories growth added 2.1% to GDP. So excluding inventories, which in the long-run always contribute 0% to growth, real GDP contracted."

So, against a backdrop of 14% inflation in the real world, we have GDP growth of 0%.

In other words, you could argue that this is a -10% depression in reality.

US Q3 GDP 2.0%, Exp. 2.6%, Last 6.7%

Inflation in Germany up to 4.5% in Oct, highest in 28 years.

Let's get the US Q3 GDP (0%?) out the way first - 9 minutes.

Well it's a noble effort I guess but you're going to have to do better I think :)

As pointed out below, HUM have spent £50m on Dugbe with many more millions spent on drilling the SE/SW expansion(s) to Yanfolila during 2021 - that money didn't come from nowhere :)

5m VAT bills are also paid for by Yanfolila.

PI investors?

Well those who bought at 10p before it 4x bagged to 40p - where we'll be back to by Spring 2022 - did themselves no harm. As ever it depends on where and when you buy, yes?

Anyway, I'm still sat on my FRES profits and I'm losing pounds per day via inflation while that cash is sat in my account rather than being stuck safe and sound in here so please continue to try and get more dumb PIs to sell at less than the 18.25p cash in bank value if you can :)

Temperatures across western Europe are set to fall to below average levels next week: Maxar

Aye up CP :)

All good here thanks.

Justify the current £27m mcap to me?

Obviously something wrong with the way this is trading - who knows where it's going - I got shouted at for suggesting 40p a while back but the reality is that it simply can't hold any rise but I'll keep my eye on it.

I know and Dugbe all free from here until the DFS drops in six months time.

"Under the terms of the MDA, the royalty rate on gold production is 3%, the income tax rate payable is 25% (with credit given for historic exploration expenditures), the fuel duty is reduced by 50%, and the Government of Liberia is granted a free carried interest of 10% in the Project. Over $70 million has been spent by Hummingbird on the Project."

Noobs would do well to appraise themselves of the sheer size and scope of Dugbe:

https://www.pasofinogold.com/news/news-details/2021/Pasofino-Gold-Announces-Results-for-a-Further-12-Holes-at-Tuzon-Deposit-on-the-Dugbe-Gold-Project/default.aspx

Anyway, the market will sort this out soon enough.

You can't stop PIs feeding the hand that bites them - I have no idea why they would be giving those guys a 20% win by buying their 2.5p shares for 3p today.

Nice drop.

Nice drop at GEMD

Kouroussa (esp years 1-3) sorry.

BTW, CEY's Sukari in its early days around 2008 was a similar size to Dugbe/Tuzon @ c3.5m oz with a slightly higher average grade.

Their cash costs back then - from the DFS - $365 but now it's $800-900.

As stated, costs (and the prevailing Gold price) go up over time, it's inevitable for any mine.

So, riddle me this:

Which one is more likely to 10x bag over the next 3-5 years?

As I mentioned some weeks ago - I've penciled in a c£500m mcap here - the cash throw off from Yanfolila/Kouroussa (esp years 1-2) and Dugbe is immense.

300k+ oz pa is a genuine mid-tier Gold producer - compare to the likes of CEY:

For 2021, gold production was guided in a range of 400,000 to 430,000 ounces, at cash costs of US$800-to-900 per ounce produced and AISC of US$1,150-to-1,250 per ounce sold.

30% more Gold and a better AISC, granted, but their £1.1b mcap is 15x HUM's current £72m.

I'm interested - sell it to me please.

Morning.

They had nice hits at Yanifoli/SE - all things are possible - bear in mind that Coris Bank will have done their DD and Kouroussa is being built with both the loan money and the profits from the Yanfolila cash cow so they're obviously happy with the outlook otherwise they wouldn't have given HUM $100m to play with.

Dugbe updated Mineral Resource Estimate any day now - IIRC, 3.5m oz across Dugbe F and Tuzon let's see what they come up with after all the drilling.

Kouroussa Maiden Reserve some weeks away.

Amazing strikes - again - let's give it another push then and see where it ends up.

Very nice.

That's a pity for anyone left in - I was out at 4p - those guys just can't help themselves.