Member Info for BushyTailed

Let's be honest and look at the facts.

Delayed filing for 2 years running.
Being blamed by forum boards on local managers stealing 80k

If 80k was the only or real reason, you'd have had them released as soon ad they reconciled it.

Problem is much much bigger and symptoms of a BOD asleep at the wheel.

Yes swampy then you can right down the capex spend in future years as a currency loss which then also offsets the tax position further.

*Average for the 1st half period of $1,450

If Q1 had an AISC of 1500 and Q2 and AISC of 1400 giving an average for the period. Then to hit guidance of 1250 for the whole year the AISC for the second half has to average no more than $1,100 per ounce at the very least. If pog retains an average of 1750 then that's an increase in FCF and earnings of circa 300% versus Q4 2020 & Q1 2021.

60,000 ounces at an average ASIC of 1,100 with pog at 1750 is FCF generation of 36 million with net earnings of circa 29 million.

Add that to the 4.5 in cash at hand and the circa 6-8 million net cash for Q2 then there's your net cash accrual of 40 million for the year.

Losers gonna hate it but so long as guidance is maintained the rest is just simple arithmetic.

Typo***

25k ounces at 1750 with the AISC at 1400 is FCF of 8.75 million with 2.5 for ex-cogs the Net cash accrual for Q2 is circa 6.2 million

Just wait a few more weeks and I'l copy and paste this again when the next q update lands to prove i was right, as i did for the last q update.

2k ounces at 1750 with the AISC at 1400 is FCF of 8.75 million with 2.5 for ex-cogs the Net cash accrual for Q2 is circa 6.2 million

Just wait a few more weeks and I'l copy and paste this again when the next q update lands to prove i was right, as i did for the last q update.

It seems like you should be asking your 7 years old tbh Monkey.

Hope this helps, that way you don't have to wait from him to come home from school

What is Free Cash Flow (FCF)?
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.

Monkey for the final time... FCF and Net cash are not the same thing.

The usual troglodytes demonstrated, they don't understand the difference between FCF and Net Cash, hence their confusion.

I thought that was rhetorical

I thought that was rhetorical

"This whole debate arose around the ability of HUM to fund future development. You can spout as much faux accounting as you like but you cannot avoid the fact that if net cash goes up by 20m a year and you start with 1.5m net cash then you have ~20m to play with. Not the fantasy numbers you seem to pull out at random of your anus."

Again Adam You couldn't be further wrong. Free Cash Flow is neither Earnings or Net Cash.

It's not accounting Adam, just very basic arithmetic. It's honestly not heard.

One last lesson for Adam then I'll leave him to go and pull his pants back up...

"For the avoidance of doubt I believe net cash INCLUDES the repayment of loans. Geddit?"

NO - PAYING OFF DEBT IS NET TRANSACTION - Think about it.. If Debt is deducted from cash then paying debt off is a both a credit and a debit. A Zero sum if you will.

Are you familiar with the word irony at all Adam? Here let me go get some water for that burn and we'll bandage you all better

Check this post out from March Adam it looks like I was miles out.... Inf act you replied to this at the time "Stating I don't know if HUM will be profitable this quarter, I would be guessing but it will be tight"

"BushyTailed
Posted in: HUM
Posts: 156
Price: 20.80
No Opinion
Q1 earnings est*16 Mar 2021 15:16
POG 90 day average $1,828
Production 20,000 ounces
Revenue usd 36.5 million
AISC $1,500
Gross earnings usd 6.5 million
Operating expenses ex cogs usd 2.5 million
Net earnings usd 4 million

Not a bad worst case scenario. Using those figures for the whole year and HUM is still only trading at multiple of 4.6"

Adam... FYI Note that Net Cash & Earnings are NOT the same thing......

"BushyTailed
Posted in: HUM

Posts: 158
Price: 20.00
No Opinion

RE: www.tellerreport.com / Kouroussa20 Apr 2021 21:39
Salient points TBTT, however the lender for the development is based in Burkina Faso i think and the delay in releasing Q1 might be lending itself to speculation an RNS on the matter would be helpful.

Boom EBITDA earnings for 21 will be in the region of $45million on 105,000 ounces

Fag packet calcs for me are circa 30 mill usd or 8.4 cents per share. Project news aside, the only stand out growth item in the accounts this year will be the Net Cash position.

It's also worth noting that the imminent dilution for Korrousa will dilute the eps by a further 9%"

I had to read that three times before I figured out what you was trying to say. Numeracy and literacy is a bigger problem here than I initially thought?

Just one question Adam... How does a company pay back 9 million in debt out of only 3.5 million generated?

Some people can read words but not structured sentences and paragraphs.

Give it another 2 quarters and the knuckle draggers like Monkey brains and Tiger will either be long gone or saying that they added at 20p and ramping the bejesus out of it.

Calm down monkey, take a breath and concentrate on your rusks and milk for a minute

No one said 9 million net cash was added, grab that brown paper bag, breath slowly and deliberately then try reading it again

No you haven't mokey at all...

Zero maths, substance and credibility. 5m a quarter ha ha don't make me laugh... They've just paid off almost 9 million debt added cash and gold to balance sheet at the same time and that was for the so called disastrous quarter you haven't shut up about for weeks.

You are an imbecile, there's nothing else to say other than the Net cash position for Q1 has already proved you wrong and me right and it will continue to do so.