Member Info for jammin86

Only an insane person would believe what Betts says at this point

QUiCkLy

iMmInEnT

Yeah, I'm the one who looks like a knob, lol

The "glee" is because naysayers are routinely told they are clueless idiots by deluded rampers who STILL cannot admit they are wrong despite the share price cratering. And also because by selling out months ago despite the incessant ramping, we've saved ourselves a lot of money

Just admit you're wrong ffs, this is not a good update or the share wouldn't be down 20%.

Ah yes, doubling of production "imminent *.

#jamtomorrow

Much bigger concern is surely yan which is now loss making. Even if they get kou right, it won't matter

Wouldn't buy this with someone else's money lol. So many other well run miners that are capitalising on high gold prices, whereas hum is using them to merely survive for the benefit of its debtholders. Shareholders will never see returns here imo.

MTL, SRB have both done very well for me. I sold out here for a sizeable loss a few months ago, at about 9p, having been hoodwinked along with everyone else by Dan Betts lies, I mean forecasts.

People bought commodity stocks all the way down in 2012/13 lol. Means nothing. Only a crazy person would buy, yan is loss making and debt keeps going up 10m a quarter. They should be reducing debt at this point, but they're still making losses

Combined forecast of 200kpa but they're not even making half that at current production rates, and nobody could believe their forecasts which repeatedly miss the mark. Debt must be c150m and they're making losses on their established mine. You cannot make it up

There we go opens 30% down at 6p. Soon to be 0. That update is worse than I could have imagined lmao

They are liars, it's that simple. Get out while you can

Anon, get real. Yans production cratered and required them to take on another 10m debt as its now loss making due to absurd problems (utilisation and availability!!). How on earth can anyone think that update is good, this is no longer a going concern imo

So, 2 mines, neither of which are operating anywhere close to guidance. Nuff said. They can't run a mine

The market will not think this is fine, it'll go down 30%-50% today imo

They are inept and will never "get there". Does anyone actually they'll ever get to 200kpa at an AISC of 1500? Absolutely laughable

Yan average price sold 2050, AISC 2600. Borrowed another 10m. They are going backward and bankrupt. Price target 0, this will fall 30% today

Agree, good calcs. It's really about whether there are no further issues or delays, which at this critical juncture could ruin the company

It's hard to imagine them releasing good news lol

So, is tomorrow make or break?

Either hummingbird delivers, or you have to accept they never will. Been long enough.

On 10500 volume, irrelevant

Yup. Overreaction to the crash. Followed by rates being cut and money being printed. Followed by gold going up dramatically. Followed by everything else going up dramatically.

It's almost like we've seen this movie before