Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
*increased.
Typo fat fingers and tired eyes.
Just impressed my holding here by 50% fingers crossed it can get back over 6 sharpish
Desolate mining 900 AUD Mcap or circa 450 in real money.
300k unhedged and debt free. So on an equal basis of 150 million per 100m debt free production would put hum at 37.5p.. Maybe more if there's an argument for diversified production away from Mali.
RSG does look nice but their injury frequency rate is terrible, which increases the risk of death and or strikes. RSG volume is rarely thick enough for me to trade but with an uninterrupted 12-18 months I could see it nearer to 50p than 22p
200 Hour Moving hour however is 560 with bullish RSI divergence
200 Day Moving Average at 542
What an absolute pile of 5h1t this is.
Until we get an update on commercial production or to a resolution with Corica, given the arrid market liquidity...
Time to start accumulating dry powder for now.
Just go off what the post said, that's why I cut and pasted it 🤣🤣🤣
If you want to go off NPV then our share of that is roughly 8 times current HUM mcap
Whichever you want to cut it, it will still be 'Not Quite' 🤣👍
"Hum own 53% of Pasofino Gold Limited and this covers half current Hummingbird market cap."
Pasofino mcap is 31M CAD of which we own 53% so let's call it 16 million cad now convert that to GBP and it's roughly 9.3 million.
I hope we don't see 2.5p here
Anybody want to sell, I have 62p on the offer?
Another jump's coming
Lol I see the stamp duty issue keeps catching the new lambs out....
Not all AIM is SDRT exempt, the company must apply for exemption but for some reason SRB never did.
The buy side of that hedge then becomes a creditor which causes even more problems. It's like a death spiral of dog 541t sandwiches and hot 5punk milkshakes
It's hits like a double whammy, not only is your cash down because you produced less but you then have to buy the missed ounces on top of your operational loss. It's absolutely devastating when a company is on the wrong end of a missed delivery with a hedge.
Anon, if the price of gold rises above that hedge and you don't meet production then you have to carry the loss per ounce on the open market.
The larger the proportion of production that is hedged the larger your risk.
Hedges are derivatives are contracts of delivery... You have to deliver on them on time at the prices agreed. Now imagine a company with no cash that has hedged let's say 60% of it's production profile and the mining contractors go on strike. Where would said company get the gold from to fulfill that contract?
I've never been a fan of hedges Anon. All they do is add costs and risks. Buy side taking physical delivery always win, they know the market better than anyone and already have it sold before it lands. The seller books the costs, the opportunity cost and financial risk if production goes wobbly.
2350 is obviously much better but could also be a good indication that gold will move higher still over the next 12 months. All we need is some grade on the ROM pad. Currently 2 grams but only 25k tonnes of the stuff thus far, so they do need to get cracking with moving the ore now as the plant processes 23k tonnes a week but if they can maintain that 2g run rate as a floor then all we need to do is look at Yani for a read through with it's 1.6 grams
We're in danger of this actually coming together now imo
Watch the presentation again... The previous hedge was cancelled probably at small cost and replaced with a new contract and collar for 60k over 4 quarters starting from Q2 at a 2350 ceiling.
So all production is currently fully exposed to full pog.
That was my understanding Rus
See you later Harchris..Wrong again it seems, better luck next time 🤡🤡
Woosh!!!!