Member Info for Darola

Earthling. Why do you think Capital drilling have been contracted, and have 4 rigs on site? And did you not pick up that we were investing 15% of free cash - circa $8m in to that drilling to confirm mine extension before the end of 2018? Confused why you think this has not been made clear as a priority?

If we were at a standing start talking about a company with a MC of $120m and free cash of $47m (and that’s at $1200 gold for 132koz and $790 AISC) we’d still say it was ridiculously cheap - and that’s not even considering we’ve got $50m in the bank - with debt very well covered.

Quite enjoyed the posts this afternoon and this evening. Some good debate, and sensible points. Been a breath of fresh air from some of hysteria posted, and the unmoderated advfn post is just a cesspit. You have to question your resolve when you see the price fall like it has this week, but take the emotion out and look at the facts and I’m still very happy with the volume I’ve amassed here. I expect HUM to make me wealthy. Sometimes the markets just wrong. Liked the Western Coal story Buzz....

I’d rather they focus it than reign it in. Nowt wrong with ambition, so long as it’s not reckless and NOTHING HUM has done has been wrekless.

Let’s of inaccurate assumptions in there, and totally agree it’s standard practise to capex labour related to projects. And point 4 is laughable - who ever said this was a $1b company? And to think Yanfolila will only run for 7 years is just misguided. As is fair value is 50p, based on NPV. But the future catalysts are what appeal here. This company will grow its cash pile and producing assets, that’s the real appeal here for the patient.

Emailed HUM earlier. All is good. “As we know all our fundamentals look very good and the business is operating to plan and very well”

Somebody is rubbing their hands together out there they will happily provide a direct bid for 250 K shares. Is manipulated to create fear and feel a huge order. Holding strong.

The SP is in Mali?

Best of luck Funky. Can’t blame somebody for having the conviction to vote with their feet. Better than moaning about it and talking your nvestment down. There are 1000s of listed companies out there, hope you find a few that work out.

So according to Morning Star M&G have been accumulating - is this the party hoovering up all of the sells? They are new to the register and have picked up over 10m shares in recent months. Did they buy the 6.1m placing shares? They currently hold 2.9% so that would explain no TR1. They are only a few hundred thousand short of 3% so I guess if the weak and bored keep selling and they keep hoovering we’ll soon find out!

Have to get over 50% for a clear win.

According to morning star, M&G recently added 2.7m shares, but still sit just below 3%. <br /><br />https://www.morningstar.com/stocks/PINX/HUMRF/quote.html

Posted this on the new moderated ADVFN thread, and figured I’d add it to the debate on here. In addition to the quarter by quarter cash growth, there are three layers of additional value to add here. Will, should and could. Each will be a catalyst to increase the SP. Will - extend Yanfolila to 10+ years. Will - extend the capacity at Yanfolila. New CIL tanks & ball mill. Should - enter in to a JV, or takeover of Cora, to build a new mine at Sanakora. Should - process ore from Cora’s Tekeledougou discovery through Yanfolila Should - enter in to a JV with Dugbe Should - Dividend Could - enter into an M&A deal for an additional mine. Is BH the first? Could - share buy back Could - sell Dugbe if not delivered via a JV. Could - be taken out. All adds up to a bright future. Even a takeout what have to atleast a 50% premium.

They originally owned 50%. This was reduced to 1/3rd when Cora floated and raised equity last year.

https://twitter.com/zinconeinc/status/1021818800868483072?s=12

Yanfolila has to pay back HUM over $100m in loans and exploration costs before anything gets paid the the Mali government - so it’s too simplistic to imply they get 20% of the full amount. They don’t.

Really? So if the SP is indicating you are right, why didn’t we drop on the news? And don’t counter that with “this stopped the Q2 news creating a rise” because AIM doesn’t work like that, if there is any whiff of bad news or strange behaviour it kicks you hard in the b o ll ox. It didn’t. That tells me the market is waiting to see what happens next and not overly concerned.

Dropinmonkey - I said “If it stacks up in their eyes, sufficient to make it a strategic acquisition, ” I didn’t say it was strategic YET. We have used around a weeks free cash to put a foot in the door, to buy time for our very experienced management team - and please don’t quote me Dan and Berts relatively narrow experience, I’m talking about Attie, Ernie and the other members with significant experience of growing resource miners. If these guys consider that the risks vs returns are inline with Hummingbirds capability, then I’ll take that over a group of PIs that are jumping to conclusions.

I wonder what the backlash would be on here if we had an established mine in the relatively safe ‘homelands’ of America, and announced we’d made a speculative move towards acquiring a West African gold mine, where the taliban are running a mock up the road! I trust that there is enough experience and business acumen around the HUM board room table not to take a punt. If it stacks up in their eyes, sufficient to make it a strategic acquisition, then that’s good enough for me.

I think they’d get a bit of a s£&t storm if they did. Let’s prop up the Cora share price while ours is falling - and even though we said we’d consider buying back our own shares, we decided to by Cora instead. Can’t see it myself.