Member Info for BushyTailed

Thank's APR but that requires a certain amount of reading on my part, can I not just moan and get someone else to email the BOD about how little i understand?

Do people understand what the difference is between an inferred resource and an indicated resource?

Dan Betts, CEO of Hummingbird Resources, commented:

"We are encouraged by the first set of results we are receiving from Pasofino at the Dugbe F deposit and the progress being made at the Project. This is the first drill programme at the deposit since 2014 and these initial results are already confirming the potential of increasing the value of the Project. The objective of the drill programme is to increase the Indicated MRE. The results we are already starting to see put Pasofino on track to delivering this, supporting the DFS Pasofino are completing as part of its earn-in agreement."

Ian Stalker, CEO of Pasofino, commented:

"These intersections and the rate at which we are progressing the drilling puts us on track to achieve our target of a 0.6 to 1.0 M ounces in the Indicated category at Dugbe F which would bring the project total closer to 3 Moz in the Indicated Category. We have 3 rigs turning 24/7 at the moment and are completing 8 to 10 holes per week. Two rigs will move over to the larger Tuzon deposit as soon as access is ready."

It's well above expectations.

That's why I said on current issuance.

It's not a hard sum to work out and track though is it.

Anon, afraid to disappoint you>>> I know what I'm doing here and absolutely loving it.

If you've been here that long and done nothing in between then that's your lesson to learn.

"Since 2017.
Says it all, imo.
I don't trust this outfit in the slightest now and if I can possibly get my money back, I'm out of here.

And before anyone tells me it's a bargain, look at the first line above!"

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That's called bad timing, you paid too much for a company with loads of debt and no earnings and now you want to sell them just at the point of turning net cash positive with no debt and all whilst sitting on your hands and doing sweet fa in the interim...... Genius, you got anymore hot investing tips?

Do yourself a favour and just cut your loss if it's that bad, all you're doing is torturing yourself when you could be invested in something that'll make you happy and money... You're only locking yourself out of the market.

Sell, it's better for everyone if you do, you're not happy and others want to move on.

It's just basic maths Sands, however they've gotta to get to those dizzy figures first mind you.

Like I've said all along...

Three different jurisdictions, all within trucking distance of each other and their own runway ... One down two to go.

Yanni 125k
Kor 125k
Dugbi 150k (Attributable)

A total of 400,000 ounces per year. At an AISC of 1250 and a gold price of 1750 then that's only circa 175 million USD per year in earnings.

On a ten times earnings basis that's 1.75 billion or £5 a share based on current issuance.

And that's why this is a 20 bag MINIMUM, don't let people con you out of your shares by letting you think it's all been some abstract failure.

Shame on all those who have been casting shade on their own book recently. You know's who you are

Tick up is coming

Traded today.

31.18p for HUM on a similar basis, if the fall in sp isn't broadly in line with other goldies YTD performance and it is in fact all a reflection of the BOD then boy what an opportunity they've created.

First takeover bid announced of the next M&A phase...

Newmont to buy GT Gold in C$456M all-cash deal

Newmont (NYSE:NEM) agrees to acquire all outstanding shares of GT Gold (OTCQX:GTGDF) it does not already own for C$3.25/share in cash, totaling C$456M.
The deal represents a 38% premium to the 20-day volume-weighted average price of GT Gold's shares on the Toronto Stock Exchange as at March 9.

hTTps://seekingalpha.com/news/3671104-newmont-to-buy-gt-gold-in-c456m-all-cash-deal?

Hum have been concentrating on grade control for the last 6 months and in doing so, they're currently shifting twice as much ore for the purpose of stockpiling feed material that should smooth out the aggregated annual production during periods of seasonal down time and thus the currant costs over actual production are temporarily higher during this phase of mine development.

Hence why production is weighted towards the second half of the year.

Just send them an email confirming that earnings for 2021 are going to be circa 45 million USD, they've not worked it out.

Ballio

I think you've just 100% proved my point from earlier, where I actually received an apology for the exact same mistake you've just made. Clearly you're one of these who think they're know best and everyone else should lump it.

Thank you for your heroism, excuse me whilst I convey an up and down gesture with a lose gripped fist, down by my side. I think I'll just wait until this mutual masturbation clubs actually posts something constructive and worthwhile, rather than vacuous assumptions, insults and lists of shareholder participation.

Dan Betts has delivered a net cash generative and debt free mine, you guys literally couldn't organise a message board to share an email. But yeah, I've clearly backed the wrong side here.

Anyway moan over..

Sorry to all those who feel short changed

"The company's communication with the shareholders is woeful."

Well that's exactly where our opinions differ it seems. I'm not entirely sure what you guys would expect. Regular project updates, quarterly production updates.

Do you not see the irony? You cannot complain about opaqueness to the point of motivating an action group which is equally as opaque, if not more so.

Happy to be proved wrong, but it all seems like a bunch of board and frustrated holders, who might need their hands holding and theirs heads soothing with some good old fashioned confirmation bias with regards to problems that aren't even problems.

As for actually doing something instead of just moaning.. what are they actually doing, asked several times and the most informative response so far, was that some bloke called Ian emailed them and he might share it here.

What's next after HUM, peace in the middle east?

Fricking genius's

Let's move on to todays business...

Up up and away!

Tbh Kadavul..

It's the lack of transparency which is the crux of my issue. As it stands I'm happy with my investment, the BOD and the progress, which I acknowledge may be at odds with some here.

I guess, if you posted what the objectives actually were as well as shared communications then you might put a few minds at rest, as all I've seen so far is a wishlist of shareholder participation. I'd much rather feel like it's something that I can be part of rather than worried.

Quite ironic really as you've already stated that shareholder communication is perceived as a problem that needs to be addressed.

Apologies if you think I'm being unduly harsh but I'm herr for reason only, making money. Perhaps you can convince me to sign up at some point, who knows.

"This is for you and other investors"

This is exactly why you won't get anywhere.. You presume I need your help and I don't know what I'm doing. Arrogance, egotistical, righteousness, etc etc etc.. Misplaced thoughts and efforts are not good for my investments, don't ever presume you're doing something for me and that I should be grateful, the reality is quite the contrary.