Member Info for jammin86

Cheers for that!

It's a very big difference, I'd expect them to guide for lower AISC given the first half is so much better than expected

Thank you for stating the bleeding obvious. I need coffee!

Singida AISC 825 for H1 but 1350 for the full year implies very high AISC over H2, does it not?

Exactly. Not sure why this is good news - it's worse than I expected especially on the net debt front

Except that bushy tailed called the fall well before it happened. Go have a look.

The endowment effect is strong in this group

Surely a big increase in dividend

Predictions for year end share price here?

Very nice.

Hummingbird share price is currently quite disconnected from price of gold, which makes sense.

I think we'll be double here by year end

Um, 15 years ago all the costs were lower, too

How do you explain the big increase in inflation while oil was cheap?

Oil is a big input cost and therefore affects inflation, but you can't ignore the trillions of dollars being printed over the last 3.5 years.

We agree on this! Gold will pivot when the Fed pivots, and the Fed will have no choice at some point.

There are no soft landings

The dollar can weaken for many reasons. Mostly too much printing, which results in inflation, too.

Oil prices going up will prompt the Fed to raise rates which will cap gold.

The fact gold had held steady despite rates going from 0% to 5% is very telling.

Once the Fed causes a recession and cuts rates dramatically, gold will fly. Then we are in the final innings of fiat currency and everyone will need hard money ie gold.

This is just the calm before the storm in my opinion

Gold strength is dollar weakness.

Gold retains it's purchasing power, so a surplus of dollars will lead to an increase in the dollar-denominated value of everything, including gold.

Why would inflation cause gold to go up in price? Lol.

Gold going up is just the dollar going down. QE makes the gold price go up. Currency debasement.

High inflation leads to higher interest rates, which usually causes gold - a non interest bearing asset - to fall.

But when the Fed goes too far and breaks things, and resorts to further QE, that's when gold will go up.

Be patient

I'm in the business of forecasting/estimating and we are constantly revising our forward-looking estimates. Errors are found, new information comes to light etc. That's why they are estimates and why the market doesn't give full weight to them.

Am I right in saying both sets of numbers are as at YE22? Or is the update at HY23 and therefore should reflect some depletion due to mining activity?

Lol. What a wild accusation to make

What about this?

What are you saying, bonkers? I'm fairly new to HUM (invested this year at c10p as it went from 5p to 20p). What's been mentioned before, their shoddy modelling?

Surely this all comes down to the company demonstrating they are repaying debt, because until debt is repaid they face an ongoing existential threat...

No news and very low volume. It's hard to read anything into moves based on very low volume

It's funny because it's not as though the company is being valued based on its reserves or resources - at least not directly.

Isn't this just the usual case of drifting down on no news?