Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am up to 700 000 now ave 17.06
looking to review Q3 2022 providing
gold stays above $1800.
I am back to my old holding of
665 000 I just see a lot of upside
if the cards fall right, surely we
are due some news on drilling etc.
I switched my hum shares in to cey at 91p
because I believe in gold, just sold half at
104p and bought back 355603 shares here
at 16.86p ave, I am drawn back to this share like
flies around sh*t, but still think there is value
here.
https://www.bloomberg.com/news/articles/2021-11-02/africa-s-crackdown-on-informal-gold-miners-spreads-to-mali
Mali looks to formalise informal gold mines
to become the second largest gold producer
in Africa ,recognises the importance of gold
mining to the economy.
Would expect this to drift back to 15.5p-16.5p
with no news ,aim stocks hate news vacuums'
allied with a "dead board"
Anyway I am going abroad until Feb, so wont
post ,hopefully when I return we will be back
to the 20's ,another bad quarter and HUM could
be in financial trouble we will see how things unfold
Kourousa funding is not in the bag until the final
sign off, personally I would advise new investors
to be cautious.
all the above my own opinion.
https://www.zerohedge.com/economics/will-china-pop-global-everything-bubble-spoiler-alert-yes
https://www.zerohedge.com/markets/waypoints-road-currency-destruction-and-how-avoid-it
Talks about basel 3 amongst other things
Personally the news I want before Q4 update
is the drilling results for sanioumale east
according to the COO in the latest interview
they are hopeful of announcing a 10 year mine
life for yanfolila Q2 2022 based on the drilling
they are seeing ,so I am assuming they
will be good.
I have decided to review everything in
July 2022,that seems about the optimal time,
barring a dramatic fall in the gold price.
Chinese manufacturing PMI fell again
https://tradingeconomics.com/china/business-confidence
so all the big economic powers are weakening
USA ,China ,Germany ,japan but UK is going to
grow 6% next year according to OBR ?
"of particular note is the gonka deposit
estimated at 2 million tonnes grading
3.39g/t AU owned by hummingbird just
east of the djimbala permit,the deposit
is open-ended and trends to west
potentially on to the djimbala permit"
how big would that make gonka?
https://www.theguardian.com/world/2021/oct/29/biden-admits-macron-us-was-clumsy-submarine-deal
In a statement afterwards Biden pledged to
step up support for the French lead counter-
terrorist operations in the Sahel.
Yanfolila is tucked away in a peaceful part of
Mali on the guinea border
News will come, less news now, means more
news later as we move towards Q4 update
Most important news is confirmation of the
1st tranche of funding towards Kouroussa,
that final signature is always the hardest,
not totally convinced funding is secure.
If its confirmed ,its all about the gold price
everything else will look after itself.
1 x 730 312
2 x 500 000
1 x 450 000
2 x 250 000
6 trades for 2 680 312 shares
biggest concentration of big buys since
I have been here(late august)
https://www.atlantafed.org/cqer/research/gdpnow
Atlanta FED have just downgraded the Q3 GDP to 0.2%
from their downgraded 0.5% on the 19th Oct
if they are anyway right, just WOW
interesting day tomorrow when GDP is announced
Have their buying boots on today
https://www.zerohedge.com/news/2021-10-25/real-race-fedcoin-v-digital-gold-yuan
yoy sept actual 23.6% forecast 18.8%
Thursday the big day when we might see
another leg up in gold, with loads of data
from the US due
Bonker sorry to correct you again on your
twitter feed you state dugbe is a 100 000 oz
a year mine(when/if up and running)
according to Ian Stalker of pasofino the
plan is for 180 000 to 210 000 ozs per year
he says this around 2.06
https://www.youtube.com/watch?v=c5Oh41jMXEY
https://www.zerohedge.com/commodities/3000-months-not-years-golds-inflation-protection-means-violent-run-imminent
latest video from kinesis money
https://www.youtube.com/watch?v=WSMiH2k8MNc
hopefully the gold price comes to hum's rescue
I might be deluded but still think this could
be 40p 2nd half of next year
In your timeline line you put the dugbe DFS
for oct 2023
https://twitter.com/bonker_99/status/1452246498469728259/photo/1
according to Ian stalker of pasofino its due
out in Q2 2022 ,he mentions it at around 23.00
in the interview with crux
https://www.youtube.com/watch?v=c5Oh41jMXEY
Bushy tailed i only opened a new account
because Lse blocked the chat for non account
holders, I had no intention to post so and lacked
imagination and gold- hum was as good as
anything, I now regret I starting posting. at first
being caught up in my despair, which then turned
to hope and optimism.
going forward I will try my best not to post, as i
have access to read the chat I won't need another
account so I will stick with this name.
I will just look out for my favourite posters and
read what they say.
https://twitter.com/HUM_gold/status/1451493233314435074
If they pull it off it will be a spectacular quarter
31000 Oz's with AISC of around $1100
according to the interview September is going
as planned and they will ramp up further in
Nov and Dec with two of the four mining
locations oxides which will see higher productivity
by default.
when the RNS drooped, I initially sold half my holding
at around 18p but bought them back around 17.55p
so I now have a few more shares ,at a slightly lower aver
650000/17.69p and was left with just over £1000.
I will give it to the Q4 results and review then and hope
the kouroussa funding successfully completes and
they get the first tranche.
I am bullish on gold going into the new year which swung
my decision and the fact they are talking about a 10 year
plus life at yanfolila because the drilling results they seeing.