Member Info for BushyTailed

BB2 don't forget since the 5k for the last 2 weeks of Q4 an additional 5 excavators have been brought on line.

It all looks good on paper and I'm airing on the side of surprise more than another banana skin.

"The company needs to sort it self out"

Why the fook do peeps even bother entertaining Anon, he has zero clue and can't count.

Ask him what other amazing companies he's coveting at the moment?

Simply wall St, has HUM future fair value price at £5.90 a share now.

Fingers crossed

Jan/Swatton.

The clue to whether or not HUM are under promising this year is the difference in production from the 15Th December update and the q4 update....

Dec 15
"As noted in the 29 November 2021 release, the Company advised that the full year production forecast would be below the bottom end of the 2021 guidance range. Current gold poured for the year is currently over 82,000 ounces"

Q4 Update
"FY2021 production of 87,558 oz, in line with the revised guidance range of 84,000 - 89,000 oz"

This means in the last two weeks of q4 alone, Yanfolila poured circa 5,000 ounces, which is equal to circa 120k ounces per year.

Can sell as many as I want now... Must be an RNS tomorrow

Books on the turn again maybe.

I can get sell quotes now for a max of 11 grands worth at a time.

Can buy any amount i want still though but better than it was for the last couple of sessions.

18.00 v 18.15 tiny spreads again... Strap in!

I can't get a quote for anything, AJ Bell3nd5 gone down :-(

Peep's seem to always forget CEY's 50% royalty terms too. Every 1 HUM ounce is quite literally worth 2 CEY's ounces.

YUP agree RSG to HUM is a better comp'although they're pretty much all Mali as we are currently. I can see HUM eventually leaving RSG behind, given the jurisdiction diversity

1853 is the 90 day average spot price as of 31st March 2022.

Averaged received sale prices will differ from one producer to another either above or below spot, purely depending on what days they sell and how much.

Fingers crossed for an 1877 also

Jan...

Need to look at aggregated net margins of all 3 projects, rather than aiscs and pog, as the latter are much more transient and poor long term markers.

As you mentioned cey, their historical net margin has been 10% as a conservative rule of thumb you can use 15% for hum as there's no such profit shares here.

HUM will be diversified with 3 mines in 3 different jurisdictions. CEY has one in one

Get your calc out for this mcap sum

Ounces × pog ÷ 100 x margin x pe of 10

350k x 2000 ÷ 100 x 15 x 10

1853

43 million on 23k ounces and approx free cash flow of circa 10 million

Think about it...

A gross margin 600 dollars an ounce at 350k is 210 million a year usd.

10 times ebitda would be 2.1billion

It's really not difficult to extrapolate the earnings potential here

Jan, cey have a 50% netvearnings split with the gov.

350k attributable ounces is equal to 700k cey ounces.

Thank you v much

If your long term target here is only a pound then I reckon our ideas of what long term is, are vastly different.

On the presumption that Dugbe will be funded in the sane way as Kor & Yani, with a more stable security situation in west africa of which i think there is more of a bloody good chance of it... Then we'll see north of £3 by YE 2025.

£1 for all 3 flying would be insanely cheap.

Can't get a sell quote, standby for all the anti Dan, and bod posts

There's been a few talking out their ARS here over the last several months, probably right up their street

You naive sands, never!!!

16.11 plays 16.45

The 15's are gone, gonna need a howler of a q1 update to derail this now.

Late print for 940k after hours at 16.50, doubt it was a sale :-P