Member Info for BushyTailed

Evraz's story is as old as the hills.

Quick profit on a reversal with no idea as to what's causing it.l, convinces himself he's a trading god then gets locked out,l. Yet will hang around to troll everyday whilst everyone else makes an absolute bomb.

You can usually tell how clued up someone is when they self assign a handle to reflect a companies name. Absolutely everyone I have come across with such a name has been a class A tool without any exceptions.

"But just remember we are making good money"

How, how exactly are they making good money, where is it?

Finally got them 17.07....took me an hour to buy 500 sheets worth lol

ISA top up for £500 can't even get matched at 18p

You'd be an idiot to try and trade this... Some people will learn the hard way that you can't treat a 600 million issuance the same way you'd treat 2+ billion in issue.

This is going to 60p over the next 6 months Ripley.

Lucky filtered.. 2 bit 5h1t for brains who only likes to argue ...Boring W anchor that he is.

I can't make you understand the basics Lucky, I also don't care enough.

Lucky.. AISC is more than half the picture, it's about 80% of it.

Glypo... Historic share price is irrelevant if you're not even considering how many share where in issue at the time.

@glypo... Gold is at all time historic average highs, never before has the 50 and 100 day average price been higher than it is at the moment, yet HUM went as low as 4.5p, cey is half of what it was in 2012 and fres is almost 70% from those previous heady days.

Why???? Because their aiscs went up and cash at hand fell.

Business is about cash accrual and nothing else. Start looking at forward cash accrual rates and you'll sort the wheat from the chaff in seconds.

Yup duster, exactly why it's not a trader, far to easy to get locked out.

That said... If we take 200k ounces against a 750 aisc for 80 million net earnings then the market only needs to apply a multiple PE of 5 for an mcap of 400million. Which gives us an SP of circa 66p

Personally I think that will be priced in well before end of 2024, as the debt melts away with 10million a month plus cash at hand should give us a minimum of 70p by the end of next year.

Falling rates is consequence of an increase in M2 money supply. The more of something there is the cheaper it gets.

Income is dollars, costs are predominantly in local currencies. If the dollars received are worth less than your costs then your operating expenses rise. This is the same basic stuff that clowns who shout for pog hedging don't understand.

The price of gold is not even one fifth of the over all picture.

"it all depends on pog"

Common mistake that... It's the aisc that matters, hum is a marginal business.

Price of gold is a currency pair and thus inverted to the strength of the dollar. When gold goes up, the dollar goes down and vice versa. In a world of a rising pog, the cost to operate rises significantly.

For instance if pog fell back to 1750 and HUM's aisc fell back to a circa 2018 level of 750 then HUM would be making 250 dollars an ounce more than they are currently making today

Pog is irrelevant, margin is everything.

Duster... EBITDA on 200k at 750 gross margin is 150 million

Net will will half that, so net earning likely to be in the 65-80 million range, still not to be sneezed at

Last one out, turn off the lights.

Leon's finally been rumbled

If anything the evidence of commodity sanctions being positive for the price is quite weak so far, just look at what happened to price of oil since they introduced the 60 dollar cap

Significant bounce of the 50 day moving average yesterday.

Back on the buy side and hold.

Incase anyone missed the commissioning update video on twitter.

https://twitter.com/HUM_gold/status/1659511322428559360?s=20

Next stage of commissioning is the introduction of ore and then gradual ramp up. First gold pour will take 2 weeks from this point.

Anyone trading this, is here with pennies not pounds... The available float isn't big enough to trade especially considering the large spread.

Anyone with size and not buying a 50p per point on a risky leveraged spread bet will struggle buying back post the FGP RNS.

Personally I filtered Evraz within in his first few posts as could see a mile off how much of a tool he was. They're two a penny round on these boards and usually always go out of their way to announce themselves early doors.

First gold pour just two weeks away now, recent video on twitter showing power connected, with belts and crusher working.