Member Info for bonker99

CNA is going to be immense if it makes it past 61p on this leg.

HUM -1.95% courtesy of a miserable UT lol

Cannacord gave me a good laugh earlier.

Chunky trade after hours ...

Evening.

"They're increasing in frequency and decreasing in duration and effectiveness"

Yup.

Gold used to get smashed a $100 at a time - they managed a temporary intraday spike down to $1,781 - I called it earlier to hold $1,794 - the price as I type is ... $1,795 and rising ...

That's where the paper meets the metal, as I like to say, and it's getting higher each time.

Gold actually broke out of enormous triangulation suggesting a return to the prior $2k highs on Monday - hardly surprising given Jay Powell ruled out an interest rate rise the other day and bond yields are looking floppy to the downside - just how much negative real yield is big money willing to take on at this point?

My view - none - The Fed are deploying YCC to suppress bond yields, i.e. the US effectively buying their own debt as confidence in the Dollar and the forward-read on GDP starts to fall to pieces - as it is - to ensure that the ballooning debt (still WAY more debt to come over the coming 3-5 years ...) interest payments stay somewhat manageable.

"Manageable" being subjective of course - if the US was a private citizen they would already have been declared bankrupt.

Agree about Silver re Green Energy BTW - still think it could do worse than gold in the short-term because of that very reason however - be it temporary again.

I still suspect that Gold could get taken down to $1,760 in the coming period but then we're really going to find out what time it is but it's just as likely to see $1,900 or so too before it really blows up in the coming months/quarters.

Entertaining to watch the fake sells here at 17.6p as Gold dropped this afternoon - looking for dumb PI money to sell out at less than the 18.2p cash value as always - no cigar though and met with a full-ask buy at 18.50p followed by a whopping (the second biggest I've seen here - remember the 1m buy at 16.3p a few weeks ago?) and hidden/delayed 500k buy at 17.9p.

I suspect the cupboard is bare now of available shares in decent size but am of course still biding my time should they manage to temporarily drop the SP by half a penny or so over the coming weeks courtesy of my FRES profits.

Onwards and sidewards.

And a delayed 500k trade after hours - chunky.

Stay tuned.

Nosebleed :)

Well done guys :)

Blimey - full ask @ 18.50p for 36.7k shares after 100k of "sells" before it - anyone would think they weren't really sells!

:)

GL

30-year real yields on the slide ...

Analysts at Canaccord Genuity cut their target price on mining firm Hummingbird Resources from 35.0p to 25.0p on Tuesday, stating now was the time for the firm to regain the market's confidence.

I'm in absolute hysterics :)

There's your buyer people.

For sure if it beats 7.5p

You guys should, hopefully, be better than me at things like EV etc.

What I do know how to do is value any project based on NPV and PFS or DFS status.

Pre-production Kouroussa is worth £50m and Dugbe is worth £50m but that will double to £100m on the DFS for a grand total of £150m or, shock/horror, 38p per share but that's only if Gold stays at $1,775 - those valuations will increase/decrease exponentially as Gold moves up/down from the current price.

FCF etc is all factored into the NPV & IRR numbers, that's how you get insight into the true value and how quickly the initial up-front costs are returned - two years at an IRR of 70% (outstanding!) on Kouroussa IIRC because the first three years pull 130k oz pa rather than the LoM average of 100k oz pa.

That's why I say that what goes on at Yanfolila is kinda neither here nor there other than being useful for moving the SP around on good/bad/good news etc but it would be nice to get a bumper load of extra cash banked in January's update, not just on resource milled/sold but on a higher Gold price, especially as the cash costs of the 2021 exploration campaign are nearing an end now.

So do I :D

Oh to be in that gang ...

Careful @ $1,170 if they get Tesla there this week.

I called this years ago mate - it's the only way out - artificial inflation in a recession and artificial suppression of rates/yields so they can keep the debt pile growing but not the interest payments which are already more than maxed.

I was early but not any more.

3-5 years of this to come.

Sure.

Coris Bank just gave HUM $100m.

That's £72.5m.

Take away the new $1m debt.

That's £71.7m

Divide by 393m shares = 18.26p

Ergo, everything under 18.26p is less than cash in bank with £0.00 attributed to any and all of the other assets.

Summin changes like this?

GERMANY'S 10-YEAR REAL YIELD DROPS TO NEW RECORD LOW AT -2.00%

The game's afoot!

Ya gonna turn it now then chaps or?

That's my 30k that broke it BTW lol

No problem - please do keep correcting but it's a 51%/49% split with Pasofino so net c100k oz pa to HUM

This just in re the epic inflation/yields/FCF/inflation/Gold thread I posted this morning:

GERMANY'S 10-YEAR REAL YIELD DROPS TO NEW RECORD LOW AT -2.00%