Member Info for BushyTailed

Put your maths up then, simples

And to add to that, I entirely agree with Swampies post... Net cash here will be circa $15m by the end of this quarter and then you can add another 13-15m for Q3 & Q4 just on an improving ASIC, not withstanding any change in POG. Hum will be winding up the year with circa 45-50 million dollars in the bank, not withstanding and possible Korrousa capex

So if Dugbe is 3 years away from capex requirement then HUM will have still have 90 million dollars in the bank even if Korroussa is paid with cash flow and costs 100 million over 2 years and adding 90 million a year with no debt over two mines. Dugbe finance won't be a problem.

Anyone who thinks a placing is or maybe needed here has made a miscalculation somewhere.

Thanks Visitor.

I'm not to bothered about the grade, it is what it is, most miners go through phases of stripping back either out of poor judgement or unforeseen circumstances. It's all about capacity for me. The costs of running the circuit, maintenance etc etc, are pretty much fixed apart from the obvious variables of wear and tear. HUM's Achilles heel for me, whilst we are in a stage of processing lower grade is the overall processing capacity, maybe with an additional 20-30% capacity up their sleeves they might have been able to flatten the curve a little bit.

Maybe back in the day with the known historic numbers on Yani, it may have seemed like a sufficient size as a starter unit to fund further development. Who knows, I certainly wasn't around then. But I do hope they factor in additional capacity into Korrousa or look at increasing Yanfolila post the Korrousa build. That said, it is good news that they're investing in storage, on top of the extra stripping, it certainly looks like they're preparing to avoid a repeat.

Betts should be hitting the tarmac in Guinea, in a few hours... mining licence this week?

Interesting, Justin thought there was a provisional 12 month build period from licence grant to first pour and as did I. Where did this come from as it's apparently news to Dan?

Net Cash position increased by 320% over Q4.

Even with no change in the pog, production or AISC it will still grow another circa 200% in Q2

When I say HUM is a cash printing press, I'm not joking.

Processing capacity at Yanfolila isn't great. Even if Cora started shifting their ore, we can't even take any of the ROM material, unless we stockpile it and use it to blend grade.

I'd like to see excess plant capacity at some point. Who knows, as Kourrousa is developed and ramped up, that may afford us the opportunity to upgrade to a larger circuit at yanfolila

Big one after the bell too

Bonkers... My top up of 5k at just under 20.5 yesterday was reported as a sell

Where are all those idiots who said HUM would be loss making this quarter?

Time to get a new calculator boys . NET Cash position to double AGAIN through Q2.

Oh look at that... Net cash growth of cirxa 200% .

Told ya's

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 wondering if all this hooha means the licence has been granted then?

Need the Q update now.

Confirmation that the AISC is starting to trend down would be nice

There certainly isnt' Yani has been developed into quite
the asset, so much infact that doubling down on increasing capacity there wouldn't be the worst thing the world.

Still... No licence no risk, HUM hasn't paid a penny other than due diligence for Kourrousa

Hopefully this will provide impetus for the gov to grant the licence. Artisnal mining is dangerous unregulated and harmful to the environment and HUM can employ many of these desperate people as well as improving their lot at the same time.

This is exactly why it's important to have a strong ESG strategy.

It's quite obvious that you need to learn how to read Donkey, just memorising words and repeating aloud simply isn't enough.

You really are a prize numbty

With pleasure moron....

"BushyTailed
Posts: 130
Price: 21.125
No Opinion

RE: ResultsThu 16:15
What a surprise, another uninformed and total nonsense pose from the usual troll donkeydropper.

Golden Prospect Precious Metals reported trebling their HUM holding whilst SC are selling.

FACT CHECK....

Published 12th April 2021
See http://www.rns-pdf.londonstockexchange.com/rns/1971V_1-2021-4-12.pdf

In the interim results
http://www.rns-pdf.londonstockexchange.com/rns/6975C_1-2020-10-20.pdf"

Seven months since that RNS in September stating that they were now waiting on the licence granting. Obviously that brown paper envelope wasn't thick enough

sorry typo...

Notice the trolls are ignoring the fact Existing institutional "are adding and" choosing to ignore the London Stock Exchange notification showing Golden prospect Metals taking SC shares in March