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The grade of 1.79% in Q4 was an anomaly the previous 8
quarters the grade was anyway between 2.14% to 2.94%
with a rough average of 2.4%.
If the grade in Q4 had of been around 2.2% they would of
mined around 21000 oz instead of 18000 oz despite
all the problems
My reasons for better grades in Q1 and subsequent
reasonable productions figures.
1) They apparently produced 5000+ oz. in the last 15
days of Q4.
2) COO Anthony Kocken stated in the presentation in
Feb that grades going forward would be between 2%
and 3%
3)Following statement in the 2021 outlook, Part Quote
" Focus to move to Komana west pit where higher grades
are lower in the ore body which are not expected to be
accessed until the LATTER PART OF 2021 ONWARDS"
So if they followed the same mine plan they should
of mined the higher grades in Q1 .
My forecast for Q1 is between 22000- 24000 ozs
and an AISC of between $1400-$1600.
If you consider in the last quarter at
some point it was below 94 that's a 6%
appreciation ,to get a gold equivalent
you could add on $70 to $100 to the
gold price as it relates to HUM and their
input costs in EUROS / CFA
https://www.investing.com/currencies/us-dollar-index-streaming-chart
Looks impressive to me
https://www.hummingbirdresources.co.uk/
by the minister of mines
http://bamada.net/cheick-fanta-mady-keita-directeur-national-de-la-geologie-et-des-mines-lor-represente-70-des-recettes-du-mali-actuellement
Yep we did
its not about crystallising losses, where would prefer
to hold Hum shares in a trading account or an ISA do
you think there is a good chance of HUM shares
going up ,if you do your better off them being
parked in an Isa, two years ago I bed and isa
20 k worth of shares ,by Christmas the shares
were worth £120 k
or they can take the fee in shares but its
only about £30 which is worth it if you
want to transfer 20 k worth
basically your buying price will be the same
price as your selling price so you end up
with the same amount of shares for a small
fee to your broker ,both trades will come up
as sells on LSE and they are executed a few
seconds apart
you can bed and Isa any day of the year
all year if you have shares in you trading
account you want to put in your ISA
providing you have not used up your
allowance
on 1st Jan 2022 the gold price was $1827
the CFA 579 against the dollar and the euro
0.88 against the dollar
today the gold price is $1927 but the CFA is
602 against the dollar and the euro 0.92 so
we have had a 4% approx. appreciation of the dollar
so arguably you could add on another $70 dollars
on the gold price as it relates to the 1st Jan 2022
This is all going to have a positive effect on the
AISC as costs are in CFA/EUROS as the two currencies
are linked
they are not sells they are bed & Isa's people moving
shares from their trading account to their ISA for
a very small fee the lower the price they get the more
shares that can be switched
link is on here for anyone interested or
go straight to Vox
https://polaris.brighterir.com/public/hummingbird/news/rns/story/xo7le1r
last link did not work
https://www.**********.co.uk/articles/kourussa-gold-mine-guinea-construction-update-interview-with-coo-anthony-k-cken-edc674e/
https://www.**********.co.uk/articles/kourussa-gold-mine-guinea-construction-update-interview-with-coo-anthony-k-cken-edc674e/
The Mali military maintain they were terrorists
Press release from the Mali general staff of the
armed forces
http://news.abamako.com/h/268649.html
Undoubtedly Moura was controlled by AL-Qaeda
Gold tested $1925 then bounced to $1936 (current)
the bounce was not related to oil ,in fact oil
dropped a dollar, nice to see gold consolidate
around $1930 ,$1900 is my comfort price
now given the oil price,
Apparently according to this article Goodluck
Jonathan is due in Mali tomorrow
http://bamada.net/vers-un-chronogramme-unilateral-de-24-mois
Lets hope they sort things out ,this is the only
real political risk I see here, simply because the
current situation is not really tenable with their
money frozen and the loss of revenue on
border trade, custom duty.
As far as safety ,apart for the trouble caused by
the illegal Chinese miners, re last year. the Yanfolila
mine must be in one of the safest places in Mali,
it not even in Yanfolila but near a tiny town called
Kenieba just about Two Km from the Guinea border.
At least Mali don't have to worry about energy for
heating, southern Mali literally does not get cold
the coldest mean temperature is around 77 degrees
all they really have to worry about is food security
and outside of northern Mali, the desert, that should
not be a problem with 80% of the Mali population
involved in agriculture activities.
After a meeting between Mali prime minister
Chogel and the USA ambassador to Mali
Dennis Hankins on Saturday 2nd April.
The Ambassador said "he hopes for an
agreement between ECOWAS and Mali
next week"
http://news.abamako.com/h/268515.html
Goodluck Johnathon expected in Mali again
http://news.abamako.com/h/268403.html
Hopefully for one last push,