Member Info for BushyTailed

Can sell 300k but can only get quotes for less than 50k

More buyers than sellers on the order book.

How's your SRB doing Adam BAHAHAHHA

They paid circa 100 million for 8 million tonnes at 1.8 grams.

It's heating up out there, surely won't be long

Actually got that the wrong way round...

Equity to loan ratio of 20% over 300 mill is just 60 million to fund the lot with bank debt or half of current book value.

For 51% of the cost it would be a mere 30 mill equity requirement.

I say if Coris are game then build it.. If we presume build costs of 300m then the equity requirement would be 60 million. Easy for HUM even with KOR debt outstanding. Even if we funded 100% of dugbe build then the equity burden on 300 mill would only be 120 mill roughly book value of Yanfolila and vaulted gold. Add Kor to the mix then the build capex becomes an asset. Literally 12 months from now and HUM would be in position to releverage 120 million and it would still be roughly 50% of total book value, with a doubling of FCF to boot.

Peeps need to realise how much of a success Yanfolia has been with regards to asset accretion and corporate credibility. One thing is for certain, HUM unlike most aim companies, is not reliant on mcap and dilution to raise capex.

Cora, essentially an undeveloped spin off from yanfolila is valued by the market at 40% of the entire value of HUM. Make of that what you will.

#Playboy

That would suggest that BOD is motivated to support the share price and the evidence thus far is that they don't care what the market thinks.

However that's a strength for a deep value investors, when it comes to high growth opportunities with a clear road map.

I must have missed that article, anyways it's footnote to what is an excellent write up imo from miming review.

Korroussa is going to be massive for HUM, great bit of business from Betts

"Already Endeavour’s Ity mine in Côte d’Ivoire has signed up to SMO and Betts is hoping to get other gold mining companies to join the SMO initiative. “Soon consumers will ask if their jewellery has been made from SMO gold. We don’t want to become a policeman of the industry. Rather we want to give the industry an opportunity to showcase itself and the good work it does,” Betts concludes."

Who knew that Endeavor had signed up to SMO?

https://www.miningreview.com/gold/kouroussa-a-key-contributor-to-hummingbirds-portfolio/

Yeah 1800 looking like decent support

1 share popped up again today I note

If you haven't already already a handle on the 21's then what on earth are you even doing following a producer that issues quarterly's.

Most important thing in audited end of year is the chairman's statement and that it's filed on time, for the latter then look no further than srb.

Watch the ten year, the more it falls, the less room have to raise rates to control inflation and increase negative yields

The infamous 1 trade has just popped up on a UT

One from the conspiracy books

@Shareminator

It does happen occasionally, i think it's usually an input error by an mm. They don't last long and unless you have L2 it's hard to see the depth of the error but if you ever see it you should 100% sell and buy back.

I've only managed it once since I've been here and for not a lot of money either, I made around 1k shares out if it i recall.

Perhaps the bank is more understanding...

Smooth out the averages of previous reporting reporting periods and the future cash flow then you'll have quite the value proposition.

Agreed if you're looking for the 30% cut and run then it's been a little disappointing. Still I reckon future dividends from all three mines will be a multiple of current share price.

When you're optimizing your feed and throughput processes, you don't do it with high grade material.

look at that production table again too..

Ore mined versus previous Q's is up significantly whilst ore processed is down significantly. This will impact costs massively, and then look at recovery % over previous Q's, it's clear that a significant ramp up in efficiency has been achieved

Edit...

"Q4 2021 update to me is where it looks like they've figured out and fixed the issues, and Q1 2022 looks"

"Hummingbird has been a persistent underperformer in the bull market for gold producers, and with these Q1 results you can see why:"

Not a lot of credibility coming from the opening line here Cheerful... Gold producers have been in a bear market since since their 2020 highs which is at odds with the rise in the average achieved gold prices. It's true that HUM has significantly underperformed the MSCI gold producers etf but that divergence occurred in the back end of jan 2021. Funnily enough, around the same time as the q4 2020 update posting a surprise 1450 AISC.

Q4 2021 update to me is where it looks like they've figured out and fixed the issues, and Q2 2022 looks like it's been used to reset and prepare for ramp up in ore processing through Q2 with back on track for Q3 & 4 and by which time we'll have a schedule for Kor's first pour and ramp up too.