To clarrify !!18 Apr 2018 15:40
The general profile of HUM has been well presented here by a whole battalion of enthusiastic followers who clearly are anticipating good performance of the sp in the not to distant future.
Well covered are the facts around the DFS, the name plate parameters on the plant and the HUM attributable additions to the CVs of the Management team and not to ignore the in country contributions of the local participants from the top echelons to beginners.
FSJ contribution is unquestionable positivity and I am sure not casually produced.
I have enjoyed it all. I admit I tend to read posters who put facts out (even repeatedly) and on occasions link them to the vague atmospherics of Politics, Economics, Sociology and Science and Engineering. All this ''evidence'' has been accumulating over the years but wasn't persuasive for me (due to the fact that HUM was below my threshold grade) until about a year ago when my perspective began to change due to ........... ??
Over the last 25 years Mine Managers have had it very easy with vast amounts of free cash flow resulting in astonishing increases in remuneration against ever lower performance parameters not least of which is the cost of production.
The landscape changed with the now complete change to All In Costs of Production with even a nod to the costs of replacing reserves. IMHO this has changed the cultures in the Mining Departments of the Education Institutions and lead to the Social awareness we now see in Mine Planning. ....... all moving us away from the climate of entitlement and lack of performance measures enjoyed by Miners (except South African Miners IMHO) 25 years ago
IMHO HUM displays a professionalism which distances it from the bad old days. But it still doesn't have 5 million oz Au proved up by drilling. So its off my radar isn't it ??
But ...... Since the DFS (written in stone of course) was established the POG has move considerably.
This will bring huge amounts of low grade ore into pay. Remembering past glory investing in all but closed mines such as; Village Main, Randfontein Estates, Durban Deep, Venterdorp, Libanon and historically further back to Luipaards Vlei and Vogels; such price movements in POG can create sp movements of many multiples.
So about a year ago HUM was put on the menu for '' ALL '' the above reasons and postings from my reading list of posters and the web sites.
Money Week lamb basting Bitcoin and platforms.
All the above IMHO and DYOR and '' I know nothing '' to quote Manuel.
Sign In
Follow the stocks
