Member Info for Cheerfuldoor

I mentioned Indigo Exploration have been drilling on an adjacent permit, close to Yan. Was interested to see that they put an announcement out about a lithium discovery on their permit. Wouldn’t that be a turn up for the books if it continues to Yan.

In the RNS they mention that the drill results associated with their air core drilling programme are nearly all in. They announced drilling had completed on 10th August.

Surely Hum are in possession of a huge number of results by now.

Wow there’s a video to accompany the RNS - grabs popcorn

Amazing - congratulations Dan and team on reaching this milestone. That’s a big one ticked off my Christmas Hum list :-)

Last year the company put out a drilling update RNS on 8th October ahead of Q3 Results. I wonder if the plan is to do the same this year. Certainly, we must have more results back by now? SE, SW, Diaban greenfield, even Kouroussa etc results are pending. It may not move the share price, what will, but it will add to my conviction to remain as a long term underwater holder. I also like Andrew from Kinesis, not that i understand what he says. He’s been bullish for most of the year, one of the reasons I keep accumulating here, but his price expectations of higher prices have not meaningfully materialised just yet.

I just remembered another item for my Hum Christmas list, the release of the promised KE Underground technical study and economics.

What are we expecting between now and Christmas? Here’s my list:

1. The all important Q3 production and AISC, here’s hoping the team were able to deal with rainy season and deliver the promised better 2nd half.
2. 44,600 meters of drilling to complete (32,500 complete at H1)
3. Release of the majority of assays which were with lab
4. Release of reserves statement for Yanfolila and Kouroussa
5. Development plans and capital cost estimate for Kouroussa, financing and construction start
6. Pasofino mineral resources estimate
7. Bunker Hill: financing, land purchase, environmental stuff and rapid mine restart (I’m curious what Dan’s plan is with this investment - does it offer a pivot to lower risk jurisdiction whilst Guinea sorts itself out.)
8. Risks/Opportunities: POG, grade; rain; cost inflation (oil); Mali/Guinea political; covid; major plant fail / supply chain disruption; corporate action of some kind

It’s going to be a busy 3 months

Glad I’m not alone in buying this Wraith :)

Your post made me wonder…when we (hopefully) get confirmation of a LOM extension…what is each year of extension worth per share?

Whilst I’m giving Hum Management the benefit of my PR expertise (which is 0) it would be good to tidy up the website which still mentions Cora - thanks!

“We have a significant total gold inventory of 6.4Moz across two projects in West Africa and further exploration exposure through Cora Gold (AIM).”

https://www.hummingbirdresources.co.uk/about/strategy/

I remember Border Terrier over on ADVFN saying we’d be down in the teens way back when. Amazed the forecast has proven correct at 1750+ gold. I bought yet more yesterday, and am even down on those lol. When I read through this years RNS and watch old management interviews (particularly Murray) I feel confident this is a temporary mis-price. On the other hand, the price could suggest there is something that’s not in the public domain. I sincerely hope not and that we get the steady away Q3 with incremental improvements promised soon. What I would appreciate is a town hall. Give us investors an update on the good work and be honest about challenges - like Ian Stalker at Pasofino. And take some live questions! Justin reading out scripted questions is ok, but he doesn’t interview he simply responds with “yeah yeah yeah” to each answer. We could be so much better informed. Hoping for better news and a better week next week. GLA and good luck Hum

52 week low today.

More ho-hum than hum-dinger so far in 2021.

Pasofino have announced their latest exploration results:

https://pasofinogold.com/news/news-details/2021/Pasofino-Gold-Announces-Results-for-a-Further-12-Holes-at-Tuzon-Deposit-on-the-Dugbe-Gold-Project/default.aspx

For any Bunker Hill fans out there, here’s an interview discussing their Aug drill results and next steps:

http://www.kereport.com/wp-content/uploads/2021-09-07-Bunker-Hill-Mining-David-Weins-and-Kyle-Erdmann.mp3

I‘ll get my coat

I predict some drill results tomorrow (well or in a few days). This is only because last two months we’ve had results on 5/6th of month. That and the fact the share price held up surprisingly well today.

Looking in the accounts I saw mention of the royalty agreement with Anglo Pacific on Dugbe. I took a look at Anglo Pacific’s website and was interested to see their latest thoughts on the project the possibility of them selling the royalty arrangement back.

“2020 saw renewed interest from third parties for the Dugbe 1 project. In June 2020, Hummingbird announced that it had entered into a conditional earn-in agreement with ARX Resources
Limited (‘ARX’) in respect of the project, which required ARX to pay Hummingbird US$2m in cash, complete a DFS, and cover all project costs over the two-year earn-in period in exchange for
up to 49% of the project.
In September 2020, ARX was acquired by Pasofino Gold Limited (‘Pasofino’), who also raised C$10m in new equity for exploration and development work at Dugbe 1.
Results have been received for the first drill holes of the planned 5,500 metres drill programme with best results so far of 26.7 metres at 1.44 g/t gold from 86.9 metres. These are the first
holes drilled at Dugbe 1 since 2014.
Our royalty would survive any change of control, and depending on how this is structured, could result in Anglo Pacific electing to terminate its royalty in return for the US$15m invested.”

Mmm I bought a few more this afternoon but then I found an article on Twitter about crazy Yanfolila weather damaging crops (translation by software).

YANFOLILA: cotton fields devastated by hail of several kgShy rain accompanied by hail of several kilograms devastated cotton and maize fields in Niakoni and Doussoudiana in the Commune of Bolo Fouta, Yanfolila circle. The disaster took place on Friday, August 20, 2021. According to residents, tree trunks were uprooted by the storm.

https://afrikinfos-mali.com/2021/08/25/yanfolila-des-champs-de-coton-devastes-par-des-greles-de-plusieurs-kg/

Just had a look at Kouroussa Gold Mine vacancies. Few more roles advertised past 8 weeks. Gives me confidence this project is on:

28.08.21 Topographer of mine
08.08.21 ESG Manager
08.08.21 Occupational Physician
08.08.21 Director of Security (interesting role!)
06.08.21 Commercial Manager
15.07.21 HR Assistant
15.07.21 Community Relations Officers
15.07.21 In charge if environment
15.07.21 Occupational H&S officers
15.07.21 Base-Life coordinator
15.07.21 Nurses

I took a quick look at the rain for August in Yanfolila according to world weather online (Koulikoro). Rainfall was up 14% yoy in Aug. Aug 2021 593.7mm vs 517.8 in Aug 2020 (if I’ve added it up right). Peak rainfall reported in 2021 was 18th Aug with 123.1m in 2021 (highest day 79.9mm in 2020).

Hi Swatton, let me be honest, I can’t read drilling results either! My thought experiment was not backed up with data in any way shape or form, ignore it. Wishful thinking on my part whilst in these doldrums I guess. Let’s to wait for the companies interpretation and mine plan. Then we will know what’s what.

Thought experiment of the day. Looking back to the SE drilling results there‘s the high grade result of 40m at 5.33g. Resettlement is underway and haul roads are being built. If (big if) Hum exclusively mined this area and there was enough ore to run for the whole of 2022 we would say roughly double output and halve costs. Let’s call it 150m of cash and not worry about tax. This would fully fund Kououssa and gets Hum close to having the cash required to secure debt funding for its half of Dugbe. I know nothing but I like to dream!