Coldcut..............HUM are a producing company full stop! They aren't exploring per se, they are bringing known resources currently outside the mine plan and life of mine into the current mine plan and life of mine. I would say HUM are like any other producing mining company. Main activity is production with typical and continued exploration and drilling to increase their life of mine around their current licence areas. Don't forget that their licence areas were previously explored by Gold Fields.
Good to see that late 100k buy that pretty much mops up a lot of today's weak selling.......ii's are happy to continue accumulating!
"In the form of an interest bearing convertible loan".
missed a bit off the post........
BH is not even a drop in the ocean but the rumblings from HUM since they made the $1.5m arm's-length investment (which may be increased to US$2m), in the form of an interest bearing convertible loan. Is that this deal could be very positive indeed.
What a load of rubbish..............seriously give yourselves a head wobble! I have said this from the very first moment that we got wind of the BH "Arms length investment" - There is not enough detail around the deal at this moment in time to be able to come up with any positive of negative reason to or not to invest. I am more than happy as a shareholder and given Dan Betts leadership and how he has delivered this project to date, to sit and wait until the full details around this deal come out by way of an official RNS update. If it turns out not to be a great deal then i will support HUM's decision to walk away. If the deal meant that in the next 12 - 24 months HUM could be sat there with another Yanfolila on their hands making the same margins with low AISC then i am all for it! Do you really think that HUM would enter into a deal without it being of major upside. Get real you lot you are literally talking down your own investment. Having continued communication over the summer with HUM management and as my right as a shareholder i am more than happy with how everything is going both operationally on site and the running of the company back home.
1. We are within touching distance of initial drill results for LOM extension.
Nearing the end of Q3 and hearing the results again, which is likely to be in line with expectations otherwise we
2. would have heard via RNS that productions was not on track.
3. We could be in a position where net debt is a stones throw away from being zero!
4. We are closer to potential share buy backs.
5. We are getting closer to being a dividend paying company.
BH is not even a drop in the ocean but the rumblings from HUM since they made the $1.5m arm's-length investment (which may be increased to US$2m), in the form of an interest bearing convertible loan.
"In the form of an interest bearing convertible loan".
The moaning ceased during August whilst most PI's probably went on holiday, the sp recovered to around 29.5p as soon as the holidays are done, the moaners return (who proclaim to be investors) and the sp begins to drift again. Get a grip, be brave, patient and wait for the next wave of news, updates and progress. You can pretty much be assured that Dan, Bert and the team are working around the clock to continue to deliver this project in the early stages of its production infancy! Which has to be said is nothing short of brilliant! We have had one element of bad news and that was the unfortunate security incident on site and that was completely outside of HUM's control.
Proactive Investor event next Thursday in London, if you have questions around the operations and in particuar BH then get yourselves down to the event, lets all say hello and shake hands and show the support to this company who are continuing to deliver milestone after milestone!
Over the moon with my new coin that arrived on Saturday, one of only 150 coins made from the first gold pour in December 2017. Just need to be patient now and keep watching this success story unfold.
https://drive.google.com/file/d/1Yxrji9UKZt2wWxmUVIf8wKmp6nm9ZQ3h/view?usp=sharing
https://drive.google.com/file/d/1IxcyS8KOTL1O4j6vA_fESRkq7YMn88-z/view?usp=sharing
TBTT - It is around the $60m mark for Dugbe.
Sadly AAOG are repeating last years bad luck, its such a shame they never seem to get a break! 10.5p on open and a sharp drop sub 10p is on the cards! Its not the drop today that matters it is likely to drift lower as investors have been told that it could be weeks. It could be a small element on site but it is a big red flag to investors and the MM's will have an absolute blast here today! The way to beat them is to hold, but we all know that isnt going to happen!
So brace yourselves for single digit sp again!
The RNS was poor as it should at least have documented the initial delay so that investors could make a more informed decision regarding holding, selling or buying more on the dip! The uncertainty around this will hurt it more than the reported fact that drilling has been suspended!
Good luck whatever happens, not pretty at all but that is the name of the game sadly!
Just a reminder of the current drilling campaign and what they are targeting.........reads very well and should see us extend LOM to 10 years minimum. Remember they are drilling known geology and known reserves currently outside the mine plan.
http://www.rns-pdf.londonstockexchange.com/rns/1645T_1-2018-7-1.pdf
Price of Gold went briefly back over $1200 i reckon if it closes over $1200 today we could see it stabilise around the $1210 - $1225 range.
Yes please Lobon, we are all ears :)
Great post OthodeLagery.......sensible and concise :)
Come on CD get a grip man, he interview was spot on! I particularly liked the part where Dan was asked if they can repeat the 33koz a quarter. Dan's response was a resounding YES! Let's just focus on the key elements. HUM are a very profitable early days producer. We should be beaming from.ear to ear knowing that we are invested in a company with such a strong focus on delivering exactly what they set out to deliver! The fickle nature of some Pi's is ridiculous!
The interview couldn't have been anything more than an update and review / reminder and plug to any new investors or potential investors. The material nature of these I interviews is always "news we already know" I really don't know what people expect sometimes. Keep it simple folks....bottom line, they exceeded expectations with Q2 results. HUM are on track to deliver the goals they set out to deliver and that is fact!
Cheers Darola..................Dan Betts rocks!!!!! Quality interview and he said it and many on here need to cut him some slack because HUM have been simply brilliant in the last 18 months. Like he said, what they have achieved so far is unheard of in the industry!! And a timely reminder that they have only just gone through the first full quarter of production. We seriously need to be patient here as the value will be realised and after listening to that interview it has left me with those feelings that i had when i first pressed the buy button and bought my first tranche of HUM shares. Just lock them away and come back in 18 months to years and see that they have tripled in value!
If an offer comes in at say 45p per share for example, the day it is reported at 7am the share price will automatically open at 45p so the gain could be almost 100% in an instant. HUM shareholders may say get lost to the 45p offer and whoever then may come back with a bigger offer of say 53p - if we have more than one interested party it could be a case of a bidding war.
At 90m mcap we are ridiculously cheap and likely on the radar of some bigger fish!!!
Spud today.......News tomorrow!
https://www.lombardiletter.com/turkish-lira-crisis-gold-price-bounce/29758/
Here here Jibbo........a few more weeks and we should know more about how the LOM extension is going!
Fair summary that Visitor, thanks.
Absolutely Darola, just a simple format to demonstrate that our fear of POG dropping is not critical all the way down to $1000 plenty of room left and Gold should turn soon which would be a welcome sight!