Member Info for BushyTailed

I think both Osino and marathon are excellent comparables for a rough rule of thumb.

All the kids have gone back to school Mostyn and some schools are banning mobile devices during school hours, so we might have to wait until 4 pm before we seem the post again.

Yup yup

You've missed the bit about gold being 30% higher, Dugbe's NPV is now circa 50% higher.

Have you read up about Osino yet, that transaction was last Thursday so probably a little more relevant 😂👍

Back on the bid again, be surprised if we're not blue again for a few percent by EOD.

Edit 40% not 60%

Simplyme... 100m would value the transaction at just 30 dollars and ounce. 60% lower than the smallest M&A transaction for 2023 where the gold price averaged just 1850 for the period.

Two offers on the table Anon, and moving towards a period of exclusivity... It looks like Dugbe is going imo. Dan doesn't have the say over it as he used to now with Coris holding circa 40% of HUM and indirectly owning 30% of Pasofino

Selling Dugbe recovers their principle liability and they can then immediately benefit from their expanded HUM ownership with their average price of 10.4p.

This is exactly why I have always said, that all you have to do here is get an average cost lower than Coris Bank.

Not just bigger but grade is circa 30% better at Dugbe with an NPV circa 50% higher too.

Selling Dugbe into this gold price would be transformative for HUM, no question about it.

There's a lot of information here as to why someone might pay 300m plus for Dugbe.

DYOR

https://osinoresources.com/news/

You're a moron, filtered

Lol at bean counting, that is a very nice view of how capital markets... Just look at the prints here today, just 21k moved the needle 17%.

Good luck trying to buy 100% issued capital of any company at the price of the last bid. Time to grow up fast, lots of money to be made.

The problem any buyer has here is the actual availability of shares and it's that that is going to make the move up here explosive.

Whiplash injuries likely as the rerate to fair value will be at warp speed.

Something is happening here, the volume is painfully and suspiciously low.

Someone adding behind the scenes maybe?

Simply's last post there"s 13 green back to back boxes on my screen.

What an absolute waste of time

Damn you predictive text

Even at the low end of 2023 it's 150m or circa 80m HUM leaving them to comfort ally pay off 70m inside one year from cash flows.

So measured and indicated at Dugbe is 3.3moz over 14 years if acquired at the 2023 mid range of $100 an ounce the Dugbe goes for 330m and with HUM owning 53% of Pasofino all of HUM's 150m net debt is wiped out.

🚀🚀🚀🚀🚀

Https://www.spglobal.com/marketintelligence/en/news-insights/research/mining-ma-in-2023-robust-activity-focused-on-gold

"The highest price per ounce of gold acquired was offered in the unsolicited and yet-to-be-finalized bid by Fujairah Holding LLC to acquire all of Asante Gold Corp.'s issued and outstanding common shares that it does not hold. Should Asante accept the offer, Fujairah would hold all of Asante's Ghanaian assets, including the Chirano and Bibiani mines, which host most of the gold in R&R estimated in the transaction. Despite the offer being deemed a too-low price per share by Asante's board, it would amount to $177/oz of gold acquired in R&R, higher than the $123/oz that Newmont paid for Newcrest's metal. The lowest offer is a mere $49/oz in Calibre Mining Corp.'s acquisition of Marathon Gold Corp. in exchange for three mines, one of which, located in Canada, is in construction with a projected start date of 2025 and 5.1 Moz of gold in R&R."

I wonder what we'll get first.

Dugbe drilling results and resource statement

Commercial production at Kouroussa

Revised group guidance

Dugbe sale

Interims

A lot of positive news expected in very short order