Member Info for Deepsurvey1

Reeve’s budget and the US election have momentarily stunned the market and the market is taking the opportunity to punish shares with no news flow. A bit of communication is all thats required. Oh, and of course good commercial news.

We could do with Andy Carrol, currently at Moseman oil and Gas Ltd. He’s taken their share price form 0.010 to 0.039 today.

PRD’s Current boss doesn’t seem bothered.

Looks like this is about to break to the upside.

Very good interview.

I fear HUM is sinking under a mountain of debt. I was going to buy back in with a reasonable quarter 3 update but the situation is getting worse.

Maybe a good idea. It could go either way?

Gold could also go either way too, it’s due for a drop down to its 72 day moving average at some point.

Hope the ramp up in production numbers are good, (I sold yesterday) then i can re-invest with confidence.

Equity fund raising now would be a safe bet for HUM before commercial production is announced. Ok it would be a hair cut(dilution) for all share holders. The upside might help ignite the share price once it gets over the initial shock and it would wipe out whole chunks of debt leaving the company in a healthier position.

Are the faithful and the unfaithful followers of this share to be crucified or lavished with riches in the next two weeks.

No doubt commercial production will come soon enough it’s all about timing.

If I knew for sure I’d double my holding here. Downside is a temporary 15% upside 400% then a continual rising from there.

Hum’s share price rise is inevitable as it Ramps up to commercial production and the Gold Price continues to rise. As we’ve seen in the last week the share price is slowly beginning its rise before it takes off.

Time to buy.

Hum will inevitably announce commercial production in the coming weeks and the share price will rise about 3 x. Those in the know may start buying early. You won't be fast enough to catch the initial rise, you’ll miss out.

Well positioned investors will cash in.

All the doom sayers know whats coming and are buying already! Don’t take any notice of them, as Shakespeare says “The lady doth protest too much, methinks.

This is the game of play your cards right. Luckily the share price has hit the bottom of the chart, gold prices are on their way to $3000, the doomsayers haven taken over the chat board, the rainy season is over and the company is pushing forward to ramp up production with a whole line of news flow to come. Whats not to like?

I welcome any comments form the doomsayers but it think all your protesting is running out of steam -choo choo the train is leaving the station and the share price is going through the roof.

It looks like Pasofino is being drained of any value. By the time its sold there will be nothing left.

I’ve seen the presentation. There was no confusion about the last RNS. We want to see results, production figures and they skirted around that unconvincingly. Just tell us how much the mines are producing, it’s quite clear they don’t want to, why not.

The RNS was badly written, backed up by bad results.

I would have thought they’d got the hang of running a mine by now.

The gold price continues to rise to $2,670 and beyond as hum’s two gold mines ramp up production. Investors are starting to look at London listed gold mining shares.

Sorry for not replying straight away some of us have work to do.

The negative posters must try harder and not seem as if they are working on crystal balls all the time, forecasting disaster but not knowing any ramp up figures.

If they had access to the engine hours from the service computers of the load and haul dumpers and the distance from the load to the drop they might have some up to date information, they could add in an estimated for the last 5 days of September. But they haven’t. They’d also need the through put figures for all the other plant down the line. But they don’t have it.

I don’t have those either.

I do know the number of dumpers and their capacity and an approximate distance between the load and drop and what the average set up would be. They tend to match the load and haul capacity to the rest of the plant down the line.

I do know that all ramp up’s take time. Plant and machinery will run, break down, be repaired or replace and run again.

Corica run lots of plant and machinery on a whole host of surrounding mines and are experienced.

Hum also have experienced guys running their ramp up.

I would think quarter 3 will be an increase on Q2 and Q1 but that’s guessing because its in the future. Commercial production should be in Quarter 4, that’s any time after September 30th and they will announce that when it happens instead of waiting for a quarter update. That’s when the first bounce in the share price comes. Full production after that.

The ramp up in the share price also takes time, look at HOC this year for a bit of guidance.

That’s my take on it.

If you’re trying to talk the share down with negative posts you’ve probably got an uphill struggle.

Hum is on the cusp of doubling its share price with the ramp up in production. They already got 25 million finance. 150 million working capital. 35 million from the up coming mine sale. An ongoing increasing income stream form gold production at two mines both ramping up, and the gold price going through the roof.

The info will come in numerous stages with plenty of news feed so i don't see you’ve got much of a gap to get any reaction from negative posts, unless its for your personal gratification when the mood takes you and if thats the case crack on.

What were you expecting? The H1-2024interim results RNS (H1=the first half of the year) was known information. They were a summary of the Q1 and Q2 operational updates (Q1=the first quarter of the year, Q2=the second quarter of the year).

The new information comes in the Quarter 3 (Q3).

Gold and silver price drivers.

India’s new Modi governments surprise cut of import duty has fuelled a massive gold and silver buying fenzi in August and sustained through September during the key autumn wedding season and festival run-up to Diwali, peaking with Dhanteras at the end of next month.

In the mean time other buyers have become more and more nonexistent, meaning gold will probably head back to its 200 day moving average to consolidate before ramping up to form an even more powerful rally.

Hopefully Hum can get their production figured out.