Member Info for BushyTailed

Lol... See you sub 4p you mad ramping bar stewards

If you want a goldie that's rerating as we speak then check HUM out...

HUM US listing is 21.70 or 17p in real money

What's happening in August then?

That was the transformational update was it?

Trojan makes everyone nervous, he's a serial big loser most of his Ramps get suspended.

This is not his usual kind of company, I think he eventually got lucky tbh.

100% miner.

The bigger the LOM, the bigger the DCF and the bigger the PE ratio

Ps when I do buy back it will be on a technical basis rather than a fundamental basis. My experience is that BOD's tend say whatever they need to under these kind of circumstances.

You should be looking at 3 different charts here for a buy in, the daily, weekly and the monthly.

At a very minimum you're looking for RSI divergence on the daily with a clear open and close above the 20ma plus the 20ma coming up to kiss the 50ma with ideally RSI divergence on the weekly too.

The monthly hasn't yet broken down and is now in strong divergence (which is good) so that's the one to watch. If the monthly RSI closes out below 33.74 then all bets are off and it's going towards 40p

Daily RSI. Massively oversold atm with a 12.5 handle so I do expect to see a little retrace as the market balances it's self out again bit I would be very cautious to buy into for the reasons set out above.

It's isn't finished yet.

80p might be on the cards short term over the next several weeks but if Q3 doesn't show an improvement or the divis get cut then it really will be 40p

Rather smug than mug.... Who throws away 50% inside 6 months for a maybe 50% in 5 years time???

My biggest advice to anyone who thought this was going to 180, is learn how to read financials and how to calculate discounted cashflows.

Lol...

I'll take being right for the wrong reasons any day of the week over being wrong for the right reasons.

People are running for the doors because the balance sheet is in a mess.

I posted about the balance sheet concerns in April and suggested that this would be 60p come July.

60p has just been paid 19th July... It's literally in black and white both from the company and my earlier posts.

There's a geopolitical risk that no-one here has mentioned yet

It's never too late to sell, only a fools and novices try to fight the market. 40p is another plus 50% away...

Buyers and holders beware

@debsjack....40p is much more realistic than 180p.

180p is circa 45 times earnings based on last year's financials, given that they're not even profitable at the current rate and face the Divi axe, I would say 180 is VERY VERY unlikely anytime soon.

Can't believe you're still posting this drivel whilst watching the SP slide, what drugs are you on exactly? You was wrong in April and you're still massively in denial now for some reason..

I get the feeling that not all views are actually that welcome. Well your money at the end of the day, I guess, enjoy the ride you lunatic.

Edit...

*with circa 1.5 million cash and (2) million gold lost

Barely no improvement in Q2 production but the cash slide seems to have halted with circa 1.5 million cash and 1 million gold lost versus the previous quarters heavy slides. They managed to avoid using the debt revolver too which I fully anticipated a drawdown of by the end of June.

Question now though is how much of the circa 16 million cash and gold at hand will get swallowed up by the tailings dam issue? Remember lower production will increase the cost.

Given that the full dividend represents circa 82% of cash and gold at hand, it's hard to see how they can maintain the current dividend 14 million, fix the dam and increase production with the reaming 3million dollars. That's also presuming they're at least cash flow neutral from here on out.

These aren't difficult sums allviewswelcome

It was going to 60 anyway, for reasons I set out back in April...The latest issues have just hammered in the nail.

Impossible to call a bottom, this will be a horrible hold until they've sorted out production and reversed the slide of earnings and cash, in addition to the charts putting in some reversal signals.

40p might be enough to motivate me in the absence of any confluence though.