Member Info for fsjamescampbell

correction **24 hours a day** not 254 hours a day......my goodness that would be some day!!!!!!!!!!!!!!!!!!!!

Visitor..........it appears your maths are a tad off?? To acheive an annual target of 107koz they only need 8916oz a month! HUM have always stated that they are targeting 132,000oz in the first full year of production, as in April 1st 2018 - March 31st 2019. That equates to 11,000oz a month. The reported gold production figures during the ramp up phase which was effectively the 1st quarter of production, albeit not commercial production, as that was announced to commence from 1st April 2018, was 18,785oz - In April they then had a record month and produced 10,423oz. I suspect, the trend will have continued through May and another record month will be reported, maybe not until we see the Q2 results which would likely be issued around 11th - 16th July 2018. Bert has mentioned on occasions that the preference will be to report production figures quarterly, this is a more refined commercial approach and i suspect that HUM will adopt this for Q2 figures. Ramadan - This is an age old religious format that has been practiced for centuries, the Muslim world continues at the same pace with Ramadan or not, besides the plant and mining operations run 24 hours a day, 7 days a week, there will be no issue at all with Ramadan. Finally, the incident was a breach in law and order and handled completely be the Malian Government, the mine where the incident took place was Komana West which is has not currently been started, this is due to start in October / November 2018. They are currently working Komana East 254 hours a day, 7 days a week with absolutely no down time, the plant is working the same and all the mining and production operations continued during the incident, because as stated the Malian Government handled the situation and it was not HUM staff and management / operatives involved. Your point about December / Jan due to holidays generally means lower production, well not at Yanfolila, they have a plethora of mine operatives and plant / shift workers so that no down time due to any calendar event occurs (except of course the usual statutory odd day here and there holiday). The mine is operated by a contractor who adhere to a 600 page contract, they need to be on the ball to ensure that they make money so that takes the responsibility away from HUM and is an excellent driver to ensure that ore is fed to the plant. Not much more to say really, other than if HUM announce May production at over 11,000oz then it is BOOOM TIME!!!!!!!!!!!!!!!!!!

http://issuu.com/andersonmurraymedia/docs/rgn_v5i3/88?e=32305946/62111216

Bert is on here Blackfisk......I think he calls himself Borderterrier.....lol

Why not.............bit of fun!! I will hang my hat on 11,367oz

Blackfisk21 - I am staying totally positive with HUM production, they have been on the nail with everything through planning, construction, commissioning, ramp up, and now I'm being bold and guessing the trend is continuing with Production. They need to at least emulate and indeed improve on April's production number of 10,423oz, If they can get close to 10,800 - 11,000oz for May then things are well and truly on track, anything over 11,000 and its PARTY TIME!

kadavul - reading between the lines and just researching social media, it would appear that the situation has calmed down quite a lot out at Komana West. The quiet period since the incident would suggest that the situation has found some resolution. An update is due to confirm this of course and maybe this will be in line with an operational update.

http://hummingbirdresources.co.uk/_downloads/Yanfolila_DFS_Significantly_Increases_NPV__IRR.pdf This is a great read and should help answer your questions.

1234567mz - My good man, the website and various RNS have pretty much all those points covered. The strip ration is detailed in the mining report that cam out earlier in the year. The strip ratio is an evolving animal too in many ways, first of all due to depth / location of ore body and concentration / grades of ore etc. The second is that there are multiple mines to work. KE is currently being mined with KW planned for October this year. They are embarking on an exploration campaign to increase the LOM from 1.5moz outside the current mine plan. Detailed forecast was outlined in the Q1 report and previously forecast within the DFS. Can't comment on management buying shares, but i can say that recent incentives were brought in to align performance with the sp. Generally though all estimates, forecasts and so on have been documented and to date they have been pretty much on the nail with those forecasts. Like you say its barely 2 quarters of production, let them get on with it, i expect to fully understand the costs, in particular the AISC and whether that is generally within forecast, albeit with the high oil / diesel costs at the moment our biggest change in the AISC will be from the high cost of diesel. Seriously, if you research enough you will find most of your points are already out in the public domain!

Preference was quarterly, i reckon we will hear something early July to mid regarding how mint q2 production has been!

Hi kadavul - my recent conversation with Bert last week he reported that institutes own around 65% of the shares in issue with the remaining 35% being in public / private shareholders. In fact i reckon the twitter group owns around 5 - 7%.........lol

Bolgas - With all due respect, pick up the phone or wirte an email to the company, they will be happy to give you a response as to why they havent updated the market yet, there are AIM rules in place to govern notifying the market and HUM are then advised by their NOMAD. Pick up the phone and call HUM and see what they have to say. I have spoken to them a few times this week since the incident and emailed Dan Betts direct. When there is sufficient information to update the market they will. Anyway, best of luck Bolgas.

Bolgas - When i spoke with Bert the other day he did say that they will provide a further update as they gathered more news, the NOMAD will be advising HUM about it and to be fair the incident is totally out of HUM's control, it is a matter being controlled, handled and undertaken by the Armed Guard under direction from central Government. This is not HUM's own security or workers involved it is artisanal miners breaking the "law and order" agreement.

Page 5 - Item 10a: (a) the maximum number of Ordinary Shares hereby authorised to be purchased is 70,187,720;

"Special resolution 10: Purchases of own shares by the Company" Nice to see this in the notice of annual general meeting (page 3).

Cheers for that post Mr Sausage!

L2 showing 500k order on the bid at 30p

I expect the UT at 16.35pm will be a piddly sell to settle the sp at 30.25 to make the day an even trading day. The ask at 31.5p is bizarre when you can buy shares for around 30.5p

bt - please accept my humble hand accross the table to shake yours then......as we appear to have agreed for once! Appreciate your explanation on the margin too. Don't go nipping at my fingers now like a pesky mutt! ;)

Looks like a share swap again, trades are 1 buy 1 sell for the exact amount, 250k sell, 250k buy. All the big lumps are in pairs. Could be the same ii switching between funds or one ii selling to the other, strange though because there is no margin for the brokers?? Funny also how they have lifted the ask to 31.5p yet you can buy them on open market for 30.6p and sell for 30p, the Ask seems to be deliberately high to put folk off buying shares, they have kept the bid around 30p all day and moved the sp around to make it seem as though the value is going up. Some strange goings on! I just wish we can resume normal trading and the forward movement and alignment with current company value, forward FCF and future potential can be fully realised!