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You are so negative. The mine is built and it has considerable value. Hoc accumulated 250 million in debt to build its Maria Rosa mine in Brazil. The value of the parts here is arguably worth more than the debt and market cap. The problem is the management.
You can't compare HZM to Hummingbird. HZM is 3 years long to production.... Hummingbird already have the Yanfolila mine that produces 80 - 90k ounces per year. The Kouroussa mine is now built - its about extracting the ore from the ground. If you think building a mine is cheap Hochschild got $250 million in debt to build the Maria Rosa mine in Brazil and that's smaller. At the moment panic rules here.
there are several mines in guinea:
https://www.predictivediscovery.com/wp-content/uploads/2023/11/1503_bankan-project-regional-v2-768x435.jpg
i do believe the gold is in the ground and my research has led me to believe that the resources in that area could be well bigger than the estimated resources there. but i don't want any more bull**** - this company needs a change in management.
predictive discovery not far off from hummingbird’s guinea operation
https://pdi.live.irmau.com/pdf/0b577923-5aee-4936-bb9f-2a1a0eccc54b/quarterly-activitiesappendix-5b-cash-flow-report.pdf
https://www.predictivediscovery.com/assets/ #guinea
pdi is focused on its bankan gold project, located in the north-east of guinea. bankan lies within the siguiri basin, across the birimian/archean gold belts, prolific geological formations which stretch from mali, through guinea, côte d’ivoire, burkina faso and into ghana. guinea’s siguiri basin remains the most underexplored region of this highly prospective west african region. significant mines in the region include siguiri (anglogold ashanti) which produced 258,000oz in 2021 and lefa (nordgold) which produced 163,000oz in 2021. the kouroussa gold mine, owned by hummingbird is also under construction and scheduled to commence production in 2023.
see this https://www.predictivediscovery.com/wp-content/uploads/2023/11/1503_bankan-project-regional-v2-768x435.jpg
predictive discovery has a market cap of 477.54m and they haven't even build the mine yet!
https://www.predictivediscovery.com/#our-business
Which other mining companies do you like if i may ask. Apart from HUM i also have some Shanta, Centamin, Fresnillo, Pan African, Altyn and Impact Silver. I'm interested in anything even if its not UK listed but I'm looking for risk:rewards propositions similar to HUM
That's not the Juniors miners - the Juniors is NYSEARCA: GDXJ
VanEck Junior Gold Miners ETF
And they are not exactly juniors but big names: https://www.vaneck.com/nl/en/gdxj/overview/
I've been doing a lot of research in the last 2 years on mining/silver plays. There's also SILJ - ETFMG Prime Junior Silver Miners ETF
Regrettably my experience with junior Canadian miners has been bitter. I see most of them doing one rights issue after another and they love to include warrants with each raise.
Guys I'm upbeat Hummingbird but I'm looking for other good miners out there.
I have Fresnillo, Shanta Gold, Anglo Asian Mining, Pan African Resources, Altyn and a few Centamin. Are there any others you are upbeat about? They don't need to be UK listed, I'm also interested in international names Canadian/USA/Australia..etc Important is that they have good risk/reward. Hum seems like a good one to back if they can stop stumbling. I also have some Pan American Silver Corp
'-- Total cash of over GBP530m at year end plus an undrawn facility of GBP170m, on long dated 3-5 year terms.'
do they really have a cash balance of GBP530 million or is it a lie? If the GBP530 is debt that would amount to a lie?
I wouldn't have sold this as this is likely to benefit from increased commodity trading and volatility plus it has a track record. THG is hard to value but again you're selling a bombed out stock.
Kallumama forms part of a band of determined shorters that are very much bombarding the ADVFN boohoo board with negativity. He has to operate more carefully here as there is more bullishness here. So take everything he says with a pinch of salt - his agenda is to create doubt and drive down the stock price for profit.
you're right
'In connection with the Offering, Skeena shall grant Hochschild an option (the “Hochschild Option”) to earn a 60% undivided interest in the Company’s Snip Gold Project (“Snip” or the “Project”) located in the Golden Triangle of British Columbia by spending twice the amount Skeena has spent since it originally optioned Snip from Barrick.'
Sotolo the grades seem very high hTttp://www.hochschildmining.com/en/exploration/greenfield_exploration
The stock price of Skeena Resources Ltd has also gone up a lot which means the market values it at a high level? [935.58M] They have a market cap comparable to HOC!!? Are HOC going to exercise their right to take 60% ownership?
Can anyone confirm with me if this is right?
hTtp://www.hochschildmining.com/en/exploration/greenfield_exploration
Skeena Resources Ltd is a 935.58M with some really promising gold grades findings.
'In September 2018, Skeena granted Hochschild an option to earn a 60% undivided interest in Snip by spending twice the amount Skeena had spent since it originally optioned Snip from Barrick. Under the Heads of Agreement agreed between Skeena and Hochschild, Hochschild had three years from the closing (by 16 October 2021) to provide notice to Skeena that it wishes to exercise its option. Once exercised, Hochschild will have three years to:
incur expenditures on Snip that are no less than twice the amount of such expenditures incurred by Skeena from 23 March 2016 up until the time of exercise of the Option by Hochschild. As of 30 June 2020, Skeena had incurred C$18.9 million of expenditures at Snip;
incur no less than C$7.5 million in exploration or development expenditures on Snip in each 12-month period of the Option Period; and
provide 60% of the financial assurance required by governmental authorities for the Snip mining properties'
also hTtps://skeenaresources.com/news/skeena-options-snip-and-receives-investment-from-hochschild/
So Hochschild already owns 8.3% of Skeena’s total issued and outstanding shares.
Am I right that Hochschild has a potential to own 60% of this mine? If so why is Hochschild trading at so low a valuation? What's the catch here? Is Hochschild going to exercise this option or not? This project is located in British Columbia so doesn't depend on Peru.
According to Rystad Energy, the energy research firm, miners can cope with current demand for electric vehicles, but there will be a serious lithium supply deficit by 2027. Rystad thinks that the price of lithium could triple by the end of the decade unless new mines come on stream soon. That means that the cost of EVs will also rise. About 300,000 tonnes of lithium carbonate will be consumed by EV battery manufacturers this year. That will rise to 2.8 million tonnes by 2028. We therefore risk being held to ransom by a hostile state which controls the lithium supply. (Who could that possibly be?)
even if we disregard all else (which i don't because I know Bacanora is worth much more than what Ganfeng are offering) how can we accept this offer when the price of Zinnwald Lithium stock is going up like a rocket!?? Its now at 24.50. They'd better come with a much better offer or I will be voting no with my 100,000 shares.
I'm happy but why is this going up? What's the catalyst? Someone mentioned someone shorting it having to close? And why is it so depressed given precious metal prices haven't been so healthy for a long while?
it won't go back to the same 45p. The market will know there is value.
Which other lithium companies do you people like? I'm in Bacanora but also searching for other promising candidates. I'm looking for companies that have potential and could at least double over a 2-year period. They don't need to be british names or listed on the LSE. I'm also open to companies listed in Canada or Australia..etc
p.s. I have about 60,000 shares in Bacanora and unsure how I'll be voting. The offer price seems low - I bought this in the expectations that within a few years we could be trading at multiples of the current price.