Member Info for fsjamescampbell

Weak impatient AIM investors / traders wanting 25% instantly and getting bored. MM's taking advantage of low volume and predominant sells to drop price in anticipation of Q1 update and report / announcement of commercial production. WHO CARES...........I'm happy to mop up from the impatient and get more shares cheap! With between 10.5koz and 11.5koz being produced each month for the next 12 months or so the market can't continue to ignore a 12 month revenue potential of $170m + with approx $70 - $80m of that being pure profit......especially with a current MCAP of approx $160m!

Happy St Georges day..........stuck in the office sadly :(

Based on POG at $1250 and year 1 full production around 130koz free cash estimated at $70m - So based on average POG at say $1340 which is where it is roughly at......we are looking at free cash upward of $80m in year 1.

bt - overdue in whose time frame! Let's look at this pragmatically...... 1. HUM have undergone a very successful ramp up phase where the plant has been working over the design parameters. 2. They have been concentrating fully on ironing out any teething issues with the operations and plant process. If you recall in the report some gold was lost due to state of the art electrowinning and cathode system - this was resolved by the use of a different more conventional system, the amount of gold lost due to sticking to the cathodes was minimal in the grand scheme of production but nevertheless an issue that has been resolved during the crucial ramp up phase. 3. Now HUM have concentrated all efforts during the ramp up phase and were at commercial production barring announcement by the end of March, during the analysts visit they were probably at 95% commercial rate and where holding back with ore mix and other plant processing methods that would give a full churn. 4. My thinking is that the next update from HUM will not only announce full commercial production but it will outline the next 6 - 12 months or exploration, business model, coins (novelty idea by HUM), new corporate presentations and so on. Effectively more meat on the bones. 5. I dont think this next update will just be an ore throughput chart with gold recoveries and oz produced to date etc, it will have that of course, but the ramp up phase took a lot of concentrate input, Dan has been quiet but working on building the empire.........the next update will more than likely be a forward thinking plan marking the start of commercial production and the near term plans. All In my humble opinion of course! But if you think pragmatically about it, the processing plant performance since December would need to be the primary focus, now that phase is successfully out the way it allows a chance to work on the business model and the near, medium and possibly long term plans as HUM moves well into the production phase of its growth story. We may get an update next week or it may even come early May, rest assured we all know it is coming and my take is it will be laying a foundation for the future.

Good to see some chunky buys.......someone is loading up it seems!

Its all good folks, we all know that the sp has been stagnant for 6 months, the range has been 31.5p to 39p which from the low is about a 22.5% swing..........which to be totally honest is a basic trading range. There is stability in the fact that there is no major volatility and the movements can be detected a mile away. AIM tends to trade on news and builds up to the next results for the sell on news effect to then come in to play. All the while the LTH's just ride through the troughs and peaks. The sp is not going down it is trading in a range and the next range will be defined by the official report by the company that they are commercially producing they have produced "X" to date and forecast "Y" be the end of H1 or H2 or so on............But a company that is performing as planned and as reported and reducing debt and borrowed capex costs, reinvesting, potentially looking to expand and acquire, all the while increasing the bank balance, well that company can not stay cheap for long! There is an air of inevitability about HUM so for me i am more than happy to sit and wait as the pull backs are never going to hurt you because of the times when we see a 5% drop or so they shares are swiftly hoovered up and we stabilise again..................

Will do...... :)

BT - fsj. "I will continue to promote, report and comment on HUM and their activities." Why? I was lucky enough along with another shareholder and 6 industry analysts to physically see, smell and almost taste the successful achievement out in Yanfolila. REASON 1 When you hear a story about your CEO who was up to his knees in a chemical powder shoveling it in to a hopper over a festive season when his family is back in the UK wondering if he will be home for Christmas, all in the name of trying to reach the promised goal of "first gold pour before the end of 207"! REASON 2 When you physically hold a gold bar worth around �780k and weighing 25kg that you have just seen being poured in front of you from the ore that has been through a newly built processing plant that was built on time and on budget and you realise "this is real"! REASON 3 When you sit through a project update presentation and the Senior VP explains everything they have been through to deliver this project! REASON 4 When you hear the infrastructure that was inherited when Goldfields sold the asset to HUM for stock when there was much higher cash offers on the table, you realise they were investing in HUM management and the board. The infrastructure came in the form of multiple advanced stage explored deposit zones and proven reserves, a fleet of Land Cruisers, a fully functional camp with diesel generator power plant, water treatment and sewage treatment facilities. REASON 4 When you see the marvelous community projects being undertaken and a simple community infrastructure being implemented. A majority local - local workforce in place, working hard and earning a great living for their families. REASON 5 - need i go on..................... REASON 6 - and so on................... and so on...................

Absolutely Darola, when its facts and the fundamentals remain unchanged then its worth discussing and noting / reporting. Its funny how those who are negative or comment negatively are never backed up by truths or facts but as you say pure speculation and conjecture.

No need to apologise www, we all feel the pinch of losses now and again. As long as the fundamentals remain unchanged i will continue to promote, report and comment on HUM and their activities.

Try again with that post.....LSE does not like cut and paste from pdf docs it seems...... Just read the report again, i never really read it in one attempt, it was read along the way as each section was completed. Anyway I particularly liked the following extract, it optimises the costs that were built in to the overall project costs throughput the construction and commissioning stages, basically the overlap of mining activity.....as follows.... Shaun outlined that the mining costs that commenced towards the last few months of the construction phase and then through the 3 month ramp up phase were all part of the $88.5 budget......that is some feat....following this comment one of the analysts spoke up..... Nikolas Toleris who was representing Mirabaud Securities LTD commented on the fact that the Yanfolila Gold Project was one of, if not the cheapest Gold projects in West Africa! You could hear the astonishment in his comments after Shaun outlined the budget section of the presentation. Shaun�s response to Nikolas statement was �not only are we the cheapest but we actually hit budget and we hit target, now you show me another company that has done that recently�! Then another analyst said with a bit of a joke �you are pretty proud of yourself with that one, I can tell� to which Shaun, in is typical abrupt Australian manner said, �I am f*ck*ng stunned�! Needless to say, the whole room erupted in an almost congratulatory laugh! He then followed up with �It was a lot of hard work from a lot of experienced and skilled individuals, simply an amazing delivery of a project�!

Just read the report again, i never really read it in one attempt, it was read along the way as each section was completed. Anyway I particularly liked the following extract, it optimises the costs that were built in to the overall project costs throughput the construction and commissioning stages, basically the overlap of mining activity.....as follows.... During�Shaun�s�presentation�Nikolas�Toleris�who�was�representing�Mirabaud�Securities�LTD�commented� on�the�fact�that�the�Yanfolila�Gold�Project�was�one�of,�if�not�the�cheapest�Gold�projects�in�West�Africa!� You� could� hear� the� astonishment� in� his� comments� after� Shaun� outlined� the� budget� section� of� the� presentation.�Shaun�s�response�to�Nikolas�statement�was��not�only�are�we�the�cheapest�but�we�actually� hit�budget�and�we�hit� target,�now�you�show�me�another�company� that�has�done� that� recently�!�Then� another�analyst�said�with�a�bit�of�a�joke��you�are�pretty�proud�of�yourself�with�that�one,�I�can�tell��to�which� Shaun,�in�is�typical�abrupt�Australian�manner�said,��I�am�f**k*ng�stunned�!�Needless�to�say,�the�whole� room�erupted�in�an�almost�congratulatory�laugh!�He�then�followed�up�with��It�was�a�lot�of�hard�work�from� a�lot�of�experienced�and�skilled�individuals,�simply�an�amazing�delivery�of�a�project�!

Boredom terrier......zzzzzzzzzzzzzzzz

Ok Perry rather than ask others constantly why the sp hasn't moved let's hear your theory so we can discuss that! Lazy comments like "well nobody can explain why this share is not moving" is not a topic for discussion without the candidates own theory / opinion.....so come on let's hear it?

Bt - no chance of a buy back until commercial production is demonstrating a healthy bank balance. Fundamentals of any profit generating business. I have always stated its down to patience and patience will be more than rewarded.

Tom - just ignore them, no value ever added to this BB from the resident naysayers. Come Friday or Monday or early next week we will have the update we have been waiting for and announcement of Commercial Production. I'm going for Thursday but a Friday RNS is always nice......but you never know, it could come Monday! Rest assured we are due an update and no doubt it is just around the corner. Last update RNS was 19th March....they like a monthly update do HUM! Its always a good debate to engage with someone who displays negative comments as long as they are fair and carry weight and are worth debate and discussion. Sadly the naysayers on here fall far short of educated concern and much prefer to spout garbage and unsubstantiated tripe! Anyway, off to Chichester to check on a couple of houses nearing completion, we do get around the country for a small busy Architectural Practice :) - have a great day everyone (including the resident naysayers).....lol

Blackfisk.....yes! Got a lovely email from him last Tuesday commenting on the thorough report. Small exchange ensued and to report..........he is busy working on building that empire!

Smashing update.......about time! Seems like this train is getting back on the rails! Pity about 2017 but 2018 is proving much better so far!

There ya go bt - sp gone blue just for you!

Great post barnaberible..... :)