Patience, Patience, Patience!28 Apr 2018 21:23
Evening all, i see our yapping mutt has been banging the same boring tune again. I wouldn't worry as soon as we move forward a few pence back to 34p and so on he will be quiet again like he does every time the sp rises. Then as it comes back again he appears and spouts the same old..........yaaaaaaawn!
This share is always going to be about patience, as i mentioned earlier in the week on another post i calculated that HUM have produced around 34Koz since first Gold pour giving an initial revenue of about $45m (all this in simple terms of course) but as HUM was targeting approx 24,200oz so add another 10,500oz for April and we must be near 34,000oz - This cannot and will not be ignored. The update that is way overdue now will be a welcome relief and not one that will be designed to move the sp 20 or 30% but will no doubt see it rise and then depending on the content will bring additional confidence to market.
Many have always said that success here will come to the patient investor, we may see further drifts and forward movement but the weekly and monthly chart for HUM indicates a clear forward momentum! This is a truly exciting phase for all genuine medium and long term holders as we are in at the beginning. We will see success at the plant and learn of the revenue and profit being generated, we will learn of the future plans for the FCF, plans to acquire additional assets and maybe we will see a new presentation or corporate video and interviews again as the company PR ramps up through the commercial production phase.
Rome certainly wasn't built in a day and the same can be said for HUM and its emerging empire! The sp is a real frustration and the recent silence from the company has not helped that coupled with the fact that we have not seen Dan in a while. I did manage to email the company this week as i was concerned that Dan appeared to be missing in action. I was pleased with the reply that he is fighting fit and the fire and desire is burning as bright as ever. As a shareholder i was pleased to hear this from HUM and one can only conclude that Dan has been busy over Q1 on the present and future plans for the business.
This share is as safe as any investment could be and the sp will align at times, grow too much at times and lag behind at times, that is life and that is investing. ii have been selling down for the last 6 months and we saw a period between end of Jan and around early April when the ii selling took a bit of a break. So what! ii's have every right to sell as they do buy.
Anyway, i am sure we will all be able to discuss the next material news when it arrives and all the updates and future plans and whatever else the RNS will enlighten us with!
So just be patient, sit back and be part of an amazing growth story, this company is moving at a fast pace the alignment of monetary value in the sp and MCAP will catch up and we will be in a much stronger place.