Member Info for BushyTailed

Reversal is on!

Have a good weekend everyone

Yup and CEY following it too, hopefully we'll follow shortly.

Lol Adam there's that predictive txt again, I did mean Inflection, I promise :-P

Still selling but looks like their rate of selling has slowed down somewhat but still 14.2 million to sell if they're fully exiting.

I wouldn't disagree with that Adam, especially the "cash flatters the position" however it's the exponential flattering cash growth Q on Q from the earnings infliction point that gets peoples attention.

The numbers will drive this on it's own merit in the not too distant future

Apologies that rather not so succinct reply, was from my mobile and subject to predictive text, fat fingers and sleepy eye....

To confirm... Exploration is not a cost of production and is included in the circa 2 million deduction i quoted. However it's not really conducive to the argument that HUM is "NOT" NET cash positive. So long as there's a gross profit on the AISC, there's NET cash growth.

The balance sheet is NET cash positive, so whatever Debt is paid off for in the period actually improves the NET cash position in the opposite direction of the payment, even though it's a deduction.

For instance, If a company has 2 million in the bank and 1 million in debt, the NET cash position is just 1 million. If the company makes 1 million and uses it all to pay off the debt then the net cash position is then 2 Million or a 50% NET CASH GROWTH for the period.

Dan... exploration is 10 million usd not sterling and has been historically accrued onder fixed costs (excluding cost of goods)

So yes ;-P

I can't speak for anyone else but...

1450 AISC on 22000 ounces is 7.7 mill
Operating expenses excluding costs of goods 2 million

Equals positive cash flow of 5.5 million for the quarter, with 4 million held in gold from Q4 along and 11m in cash and just 13 mill debt.

Looks like NET cash growth to me.

Well in that case TTBT, i'd consider yourself very lucky, as you haven't got a single scooby about the actual fundamentals.

And as you still don't hold, I look forward until you're locked out and left behind

The reality is that Dan Betts essentially negotiated an option to purchase Korroussa with zero premium.

No licence no risk.

Kourossa doesn't exchange until the new mining licence is issued at which point the the sale value of circa 10.2 million will be paid to the previous owners. The balance will be issued to them as NEW ordinary shares. The previous owners then retain a 2% earnings royalty scheme.

The development of Kouroussa has been earmarked to be a carbon copy of yanfolila in terms of build, size and cost.

Hum's existing creditors who financed yanfolia have agreed in principle to fund the Kourussa project upto 100 million. It's only an in principle because HUM doesn't own the project until the licence has been issued and the sale is complete

Please please go and check this out for yourself before you start believing what the usual c 0ck wombles on here are banging on about.

Tbtt,

I can be arsed directing you to facts and news that's available to everyone else.

But when you can be bothered to actually read something other than just making it up as you go along then you might be able to actually leverage some respect from people who are actually clued up here.

There's only one gossip ham shanker here and she usually goes quiet for a while, once she's been slapped back down

Gallmatt,

Kouroussa is already in principle, fully funded. It won't touch cash flow from existing operations apart from doubling the revenue and earnings when it is actually producing.

Had a limit order in at 20p for weeks, started to think it wasn't ever going to get matched.

Current average 24p now whoop whoop

It's been a slow burner since July 2013, almost 8 years. When this finally does go, anyone in at anything under 40p will do very well indeed.

Thank you Hintza, it's something I've never done but seriously tempted.

HUM down 6.7%
CEY down 11.75%
Gold up 0.15%

Have you purchased from Betts at all, the premiums look really reasonable?

And that's why people shouting and screaming about the expo capex doubling to 10 million are complete and utter muppets.

CEY's BOD have recently been piling in and they've had a very similar story to HUM with regards to a few unmitigated events that had a knock on effect to the AISC.

What I like about that is HUM's earnings yield is nigh on double CEY's.

Cmon Bettsy, sticketh in your pocketeth.