The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
All against dollar strength, amazing.
now $1858
just jumped up to $1849?
Gold bounce from an intra day low of $1821.35
to a now a current $1841 approx against the
background of dollar strength.
Things are coming together we just need Mali
to come to an agreement with ECOWAS, which
is expected, then Hummingbird can just
Concentrate on mining,not that the sanctions
are currently effecting HUM or so we are told.
We are still undervalued, hoping for 20p +
in the 2nd quarter.
All above my opinion
Mali - ECOWAS soon a consensual solution to
the crisis to be agreed?
For his part the special representative of the
Secretary General of the united nations in Mali
appreciated this approach by the government of
Mali which reflects its desire to arrive a concensual and acceptable timetable and
which makes it possible to conclude the
transition in a successful way.
"The experts will work, these from ECOWAS, the
African Union, the United nations with their
Malian colleagues to examine a schedule that
can be acceptable" said El-Ghassim Wane
They keep on trying to push it down and it just
keeps popping up again, long may it continue
We still have the sanioumale East drill results to
drop, in the investor presentation they said
they were in their possession and they were
being intrepretated.
Last year sanioumale East was a medium of
excitement as hummingbird had recorded their
best ever (at the time) results there, there is
a shedload of results to come and they are
Currently finalising the resettlement there.
Sanioumale East could be a material deposit in
its own right.
Malian Prime minister received diplomats at
the "Parliament" yesterday.
As for sanctions he said, the quarrel is temporary
as he hinted at a way out of the crisis with ECOWAS, he ended by saying Mali is keen to
respect international commitments.
I feel the pieces of the puzzle for a higher share
are coming together not least the gold price.
"Quote" from the RNS,
The DFS for Dugbe will provide additional
OPTIONALITY for our assets
Dan Betts said in the investor call dugbe is a valuable asset, which is not currently showing
in the share price.
pasofino gold will be a standalone company
the financing is not the responsibility of HUM,
The fact is Dugbe will be a valuable asset
reguardless of how it will move forward, there
are lots options open, including the option to
sell all or part of our stake,Dugbe moving to
the DFS stage is nothing but good news for
HUM shareholders.
I have a sneaking suspicion it won't, I think the
slow move upwards has started.
On Wednesday ECOWAS ambassadors met with
Mali officials in Bamako, on Friday night it was
annonced on Mali TV by the presidents spokesman the transitional council would
reconvene from Saturday 5th onwards to review
the election calender, hopefully a new acceptable
date will be agreed and ECOWAS will drop the
sanctions.
Pasofino gold up 4% implying of a value of
our share of £17.6million,when the DFS is delivered our share must be worth £30 million to my eyes, valuing yanfolila and kourousa at £20 million about the same as kefi gold, does not make sense to me, yanfolila will probably make around $20- $30 million this year, subject to the gold price being above $1800, pretty sure this share will be more than 20p this time next year.
It will be nice if the present holders are proved
right.
Gold fell to $1792 on the news now bounced
back above $1800 again, early days of course
but promising, we don't seem to be getting
the waterfalls of last year,hopefully $1800
is sticky.
They answered some of my questions, one take
I took from it the COO, he said going forward the
grade will be between 2% - 3% at yanfolila the
grade in Q4 was 1.79%, I actually expect some
FCF in Q1 and they have the drilling results for
SE, that what everyone was excited about given
the previous results there, a lot of holes to be reported, in the RNS they said they are finalising
the resettlement there.
Yea, they pulled it down to 1790, then it rebounded back above 1800, which is the comfort zone for this investment, reassuring there is
support
With inflation running at anywhere between
5%-7% our fixed rate loan of 8.5% for
kouroussa needs more appreciation who
would think a £50 million market cap would
be able to lend $100 million on terms like that
if you take into account inflation its almost an
interest free loan
Dugbe has a low strip ratio, is open pit which
makes up for the lower grade, which has been
recently upgraded
That said personally more than happy if its left
to veteren mining experts at pasofino to oversee
it.
According to Ian stalker pasofino will be the
100% owner of Dugbe, HUM will have shares
in pasofino, pasofino shares will be freely tradeable on the TSX, HUM will be able to sell
shares in pasofino like any other shareholder.
As for funding its the responsibility of pasofino
it will be a standalone company.
This is my own opinion, I reserve the right to
be wrong, happy to hold and managed to
reduce my ave in the latest downturn.
key phrase in the RNS post DFS of dugbe it
will give additional optionality of their asset