Member Info for BPat890

We are thinking the exact same thing. What kind of “idiooottt” would use language like "wipe out" .. as you say to “make an effect”.

Multiply that dozens of times per day over 2-3 months..

Goldinvestor7 - Oct 2024 16:43

Downside is equity wipe out nailed on

The title is courtesy of Goldinvestor7. He’s an imaginative little fellow.

@Bigjock - it’s annoying isn’t it? One of your fellow holders has done this for the past 4 months daily sh*t-posting without a care in the world.

I’ve been here two days and already people are fed up. I wonder if Goldinvestor7 realises his actions have consequences.

The problem with Goldinvestor7 is he’s convinced himself those lies he tells are real. He acts coy about his behaviour as if his fear mongering and libellous smear campaign he has waged over the last 2-3 months never happened. “That’s only what everyone’s beef is”

How is “Koroso doing 10,000” last quarter? You never did explain how this is in your words “closer to reality”..

On topic here when is the next update on depleted cash reserves due? Not much interest is there. Where’s the upside to make the risk worthwhile? Share price had cratered in recent years down 95%

Is anyone interested where you invest? Maybe you can start a blog about where you shop next..

You do like to write a good fictional tale about yourself and your heroic tales. It’s funny then you spend most days talking about Hummingbird… odd behaviour for a millionaire eh?

Funny enough you sold HOC and it kept rising, goes to show you haven’t been paying attention. Easy ride that one. Not like this turd, haemorrhaging money, relying on placings to keep the lights on.

Have I lost 50% on my investment now? That sounds like another porkie coming out of that trap of yours 😆

Didn’t you say you welcome a different point of view? Lol

Absolutely best to follow your own research at the end of the day.

The posting habits of some are highly questionable. Strangely quiet today though. Shake the cage, shine a light on the misinformation shared here andthe multi-ID boiler room brigade are easy to spot.

Anyone looking in might wonder what “cash neutrality” is while it continues to fall..

Collapse of revenues last year 61% down on the previous year.

Reliant on £2.7m worth of placings last year alone to stave off the inevitable.

They have yet to show how costs are going to be managed in the next six months, an order book of £0.75m is less than what they burned through in the past six months while apparently cutting costs

Goldinvestor7 quiet all day here, silently dumping perhaps..

£1.37m raised in February had been depleted to £1.2m by end of March.

The update two weeks ago states cash had plummeted to £0.46m by the end of September.

The company burned through £750k in the past six months. What happened to the cost cutting exercises mentioned in the final results?

How are they going to plug the gap while expenditure is fuelled by the dwindling cash reserves?

Equity placement will be on the cards if there is no sudden turnabout..

@TornadoTony - profit in the FY accounts is less important than cash-flow right now. Cash generation is not taxed, what you’re conveniently leaving aside are the significant tax credits, offsetting development costs, non-cash asset depreciation on the books - all of which can be used to write down profits in order to retain cash-flows. In the short term of course. Taxes are due at the end of the period once accounts have been settled so yes In about 2-3 years time it will be around half of gross cash flow.

$2,750 gold price

22 Oct 2024 18:14

At the beginning of Q3 the gold price was $2,315/oz and by the end of the quarter had risen to around $2,675/oz.

During Q3 Hummingbird will have sold mostly at hedged prices, the average price per ounce will probably be around $2,250/oz as a result.

The company announced they have just 34koz hedges remaining at $2,230/oz spread over the next 6 months now. Roughly 17koz this quarter and in Q1 next year. Company forecasted production this quarter is a minimum of 42koz last we heard going by lower end guidance.

With production increasing from around a 30koz level in Q3 following the end of the rainy season, and continuing ramp up at Kouroussa this will mean a greater portion of production is exposed to the current gold price of $2,750/oz.

Of the expected 40koz Q4 group production less than half of sold ounces would be affected by remaining hedge prices of $2,230/oz with the majority sold around $2,700/oz (the price has continued rising since first making notes to $2,750 today).

This quarter they should receive a minimum average realised gold price of $2,450/oz which is likely $200/oz higher than the Q3 average.

With increasing production this quarter it will inevitably lead to lower costs across both mines, particularly so at low cost Kouroussa which is expected to run at $1,000/oz AISC once at a 10koz monthly run rate. It was already at 4.8koz in the month of July following Corrica’s return to site at the end of May.

To achieve 42koz minimum group production this quarter it would likely require an average monthly run rate at Kouroussa of 8koz. If Hummingbird can achieve anywhere near that level this quarter they will be generating at least $25 million after AISC.

@Punter64 - looks like the resident troll is in panic mode today 🤣

No need to reply to me Goldinvestor7, I’ll reply to your posts in exactly the same fashion you have chosen to on the HUM board.

Your posting history is all the inspiration one needs, might have to rehash some of your one liners and go through the FAB accounts. They were looking a little dry earlier this year..

“And you look at HUM .. and everything j have said on there is true and proven true.”

You have been proven wrong time and again. On refinancing, on liquidity, on accessing additional finance. And I believe soon to be wrong claiming “Koruso produced 10,000oz” last quarter.

“But why is he so against me having a negative view on HUM…”

Ahh the victim mentality. Don’t try to pass your daily deramping slurs as opinions. You’re orchestrated a campaign of smear and false accusations. You’re responsible for your own actions GoldInvestor7, I’m just calling you out.

People here might wonder why you would bother posting throughout the day, Friday evenings and weekends on a share you neither own nor claim to want to buy.

Maybe you can help us understand why you would spend so much time spreading fear and misinformation only to be proven wrong.

This must be difficult for GoldInvestor7 to admit but he’s not the brightest fellow. You realise your entire posting history is on public display for all to see? 😆

@Goldinvestor7 - Learn how to use your and you’re properly.

Of course its been wet, it’s the rainy season 😆

I’ll repost this for you bubba - Kouroussa rainfall below average for this time of year..

Regarding rainfall at Kouroussa. Figures below with links so you can check the average for each month this time of year vs actual rainfall.

Spoiler alert, Kouroussa has had a drier than average rainy season.

July average 319mm vs 211mm actual

August average 375mm vs 420mm actual

September average 338mm vs 316mm actual

Q3 average rainfall 1,032mm vs 947mm actual

Link below - actual Q3 rainfall at Kouroussa of 947mm

https://www.visualcrossing.com/weather-history/Kouroussa/metric/2024-07-01/2024-09-30

Link below - average rainfall per month this time of year. Scroll to the chart ‘Rainfall Averages’ to find the monthly precipitation total.

https://www.worldweatheronline.com/kouroussa-weather-averages/kouroussa/gn.aspx

Q3 rainy season has seen below average rainfall at Kouroussa, only August was above the long term average and only marginally so.

If it’s Yanfolila rainfall you’re so concerned about Punter you should really make that clear in all of your deramping posts. Anybody might think you’re trying to muddy the waters with your regular posts about how wet it has been at Kouroussa 😆

Pretty sure most following are aware it’s rained more at Yanfolila. That’s why nobody is expecting the company to have met 18-20koz Q3 Yanfolila guidance.

Shareholders will understand the bigger picture, Kouroussa is the company’s flagship mine going forward.

As it ramps up it will unlock lower operating costs, not to mention in a safer jurisdiction, ramping up towards nameplate capacity which is expected to produce 50% more gold than Yanfolila per annum on a nameplate comparison (120k vs 80k).

2025 target production currently 200koz Kouroussa on track to produce 120koz next year and Yanfolila 80koz which compares to barely 90koz last year was it?

@Punter64 - rainfall at Kouroussa apparently doesn’t matter now 😂

GoldInvestor7 - “Easy money from here all the way up to 10P”

A glorified ramp to draw in fickle buyers while you dump what’s left of your holding? Did you not say you’re done with risky shares and yet here you are ramping a tiddly widdly loss maker reliant on placings. Seeing as you claimed to be a millionaire with all the time in the world, claimed to trade Hochschild at the top talking up the debt repayments but then got scared when it was revealed how much they actually owe. Talked down Centamin before they received a buy out offer too 😂