Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
..as suspected no examples of Mali Gov. having stolen anything....
There is difference between panic and rationale reasoning.
Risk to African operation is applied from the moment a share is trading, hence already inbuild in Hum share price.
Niger for example is 2k miles away from Yan mine and I don't think Mali got anything to do with Niger.
People are quick to jump to conclusion here out of underlining racism and discrimination.
Most are very happy to be sc@ued slowly slowly by the Western Gov. but get straightaway overacting if something happen in a African country, or South American for that matter.
AAAAA I am done with this conversations. You panic as much as you like....
I see you in 1 year time at 40p, if not before.
Ciao
But bonker99
In South America they are Latino...aren't you concerned?
what i am talking about jammin86 is that people here are in denial. but this is just because i want give it a naïve interpretation. reality is that some people for money would sell their moral integrity and become outright ******.
well people in the past even created slavery, now that i think about it. again for money.
you say:
what on earth are you talking about? lmao. i am literally from africa, and furthermore i've been burned by investing in african countries precisely because of the political risks that you're quite happy to deny/overlook.
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what about if you was invested in harbour energy at £5 per share and now half of that because the uk gov. raised taxes to 75%
what about if you was a long term lloy shareholder from £4/5 to 45p...
i mean you denial and brain wash, even makes you go against you personal interest if as you claim you are invested in hum.
please give me one example of mali gov. having deliberately stolen western mine or properties?
i am awaiting.
IF YOU MANAGE TO MAKE ANY PROFIT REMEMBER, THE MONEY YOU MADE YOU STOLED WITH LIES AND CON-ARTISTRY..FROM SOMEONE ELSE.
Niger is a problem guys.
Especially if you take down your trousers and bend over.
Is understandable to be in denial...as a white person.
By the way the western c@ut that cause problems in that part of the world are French Gov. sponsored...so if you are Brit. it shouldn't make you so resentful.
I give you the benefit of the doubt, a lot of injustice and outright steel and slavery of African people and population, still going on now, are not reported from main stream media, but even if that was the case, people like to believe what suite them ...is called denial. No wonder there are coups, African countries are fed up with the Western economic approach of usury and USD supremacy.
Believe what you whish...the facts are speaking for themselves.
For example Wagner Group was brought in to Mali form the Malian Gov. to control Islamic resurgence and local unrest. That imv is a piece of mind for a Western Mine operation.....but NO
People like you, like to portrait Wagner Group as the people that are gong to steal your gold....
As I said packet of crisps and pint of lager.
great find playboy007
its sad but is the way it is.
investors are prepared to forgive a gov. that rise taxes from 45% to 75% like in uk, but are quick to judge an african country gov.
this is how much biased is population opinion, millions of sun readers that take any sensationalistic information for granted and are too lazy to do a bit of research.
these people are happy with a packet of crisp and a pint of lager, so long as they have that, you can feed them has much garbage as you like, they will believe it all.
some are even becoming the messenger...posting stupid thing on social media and investor boards, eager to show the world that they know something about something, or outright for sinister motivations....cheap shares?
i have been invested in mali for years with leo lithium and know a bit of the political backdrop over there..
but it occurs to me that hum with yan has been operating in mali for more than 5 years now, without any problems.
even during the coup (beside some operational issue, same with covid-19) on the relationship with the gov of mali and political things have been as smooth as it gets..
then there is the example of companies like kodal minerals (another uk mining company operating as sole mine in mali)
well its share price recently as gone from 25p to almost £1. no political situation changes in mali, what so ever.
so i hope you understand when someone that claims to be invested in hum for years and has made only 4 post on this board comes up with statement like:
...and there needs to be more stability in the region before the sp can approach even a fraction of its potential fair value.
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what a lot of ******
Bismarck
I don't believe a word you say....and in any case if that is true you should go an see a doctor for your head.
Claiming to hold Hummingbird shares for years and made only 4 post on this board, all in the last 3 days????
Please go to f-off.
By the way the only 4 post you made are all negative and untrue.
We all know that Hum share price moves with POG.
We all know that political risk of Africa has been priced in for years now.
We all know that HUM reached 20p in 4 days out of nothing and with and by end on 2023 will be much higher.
You can keep posting negative thing and lie on this board as much as you like, but you should be ashamed of yourself.
Probably you have problem to read and understand a balance-sheet or profit and loss account, of technical company information's, hence the only way you can make a contribution here is to talk b-s@it with the hope to buy cheap shares.
How much did you get, 20k shares? Pathetic.
IF YOU MANAGE TO MAKE ANY PROFIT REMEMBER, THE MONEY YOU MADE YOU STOLED WITH LIES AND CON-ARTISTRY..FROM SOMEONE ELSE.
Latest clown of this board talking about Hum share price not been able to reach not even a fraction of its potential.... Whatever that means.... Put it on ignore you save yourself time having to read lots of garbage. HUM share price not long ago was past 20p and political situation in Mali was exactly the same.... All risks by now are wayyy priced in an the market is willing to go higher much higher when some milestones will be achieved. Put the trolls on ignore
Yes Billy I was looking to find those info.
Indeed some 3 moths to ramp-up hopefully full production end of September.
jammin86 you make some good points, although imo they don't justify the current valuation difference, between Hum and other peers with similar risk factors.....
This is why, I am starting to believe that what Hum is missing, is the perception from the market that this is a 220k/oz producer, that till it happens.
I am not saying that HUM sp will go straight to full debt-free valuation, but maybe lets say technically, we could start to see recent 16.5p resistance becoming support..??? Will see...
As you say it is really critical right now that no missteps occurs, hence the very low sp, but as soon as we start to build some cash in the BS, this risk will become less relevant.
On the POG well that is a risk valid for every gold miner and every miner or oiler actually.
Blinking USD look still strong and the Fed won't allow the USD to devalue too much or too soon, but it will happen ......
Mali is more a perceived risk than real and some time, imo it resemble pure racism from investors than real risk.
I mean....not long ago, the UK Gov. raised tax for North Sea oilers to 75%.....Yes you are reading correctly 75%.
And that was from 45%......The Mali Gov. gets some 10% possibly little more....?! I am not sure but is peanuts compared to Uk North Sea oilers...
Moreover the same local disruption or danger you could get in Mali (like artisan mining. thieves etc.) you get it in UK, from people against fracking for example and others...
Nevertheless, it doesn't matter how many valid arguments I bring to the table in this space, if the market decide that say...Mali miners are valued at a PE of 5 or less, in stead of 15 or 20, it is what it is, the market is always right.
But beside all these short term speculations from me...the real investment case for Hum is beyond 2023.
Indeed 2024 look imv fantastic, for Fed stopping rate rise, POG going higher, and Hum paying down debit and proving operation reliability...
This is why my time frame and target is 2024 and at least 3 times today sp.
I was just thinking the same darren123
(these are just speculations...) but there has been lots of talks, on the market awaiting to price in debit repayment,
before any meaningful sp re-rate.
Although surely there is some true in this, I am just wondering if a big chunk of sp increase, won't come from knowing that now Hum is producing more than 50K/OZ per quarter..?!
You are not a 200k+ producer until you can prove that, but once you do, will the market not preconise it?
Just my thoughts kadavul..
I had no idea of the history of this company and wanted to find out a bit more, especially investigating a bit on the management.
Then today came across this video on YouTube, probably thanks to Goggle Analytic or AI....LOL
If one consider that DB had no experience whatsoever in mining, he did remarkably well to get to this point.
Indeed is all to do with learning from mistakes and he admits that, which is good, but also for 3 Quarters now he has been proving that, with Yan back on track.
On bringing a new mine to production, experience should come from Yan , so finger crossed for Kour.
I am sure it has been posted already, but is the first time I see it.
Is very important to get a feeling of who is running the company you are invested on.
Dan Betts imo come across as genuine person, in this interview he opens up is mind and honestly speak out of mistakes made, and the steep learning curve since starting Hummingbird Resources in 2005.
Very interesting video, after watching it I have every confidence that Kouroussa will soon be in full production and that Yanfolilla underproducing is now a thing of the past.
This video was done I think soon after Q4/22, when Yan restarted high production and low AISC........
https://www.youtube.com/watch?v=4h0Ii4Z2iHk
Good Billy glad you are not worried. Frankly, from the post you write it doesn't looks like that .
Full of doom and gloom and sometime going against what the Company and other are saying.
You are suggesting that Hum will even take on some more debit or issue more shares.
This is the opposite of what the company says...
Have you find out if the $31millions EBITA have been spent, or are still there in H2 ?
I don't know BT
maybe he is making confusion with Debt when he talks about "been received" as if is a borrowing.....
which then get spent?
He seems very very worry about this debt situation, maybe because he hold far to many shares 1.2 millions? wow
As I said before, so long as the operations at Yan and Kour are ok, he shouldn't worry at all, is just a matter of time..
I was reding that,
Company asset NPV profile base: ▪ Yanfolila: $175m▪ Kouroussa: $228m▪ Dugbe: $372m (based on 51% ownership)
▪ NPV’s are based on analyst forecasts and the Dugbe DFS
Didn't expect such high valuation for Dugbe, some on here talked about a possible sale of Dugbe for $100millions.
On the base of $372m NPV it does seem possible....
Moreover Billy, I gave a H2 estimate of breaking even, but that is very much on the pessimistic side, just to make a point on debt repayment this year.
Indeed it would be more correct to say that breaking even will occur in Q3, and in Q4/23 on the back of 50k/OZ production, we will make more EBITA that will be added to H1 $31 millions. Maybe $50 millions EBITA for 2023..???
Anyone???
In don't understand a lot of things that you say.......Billy
For example terminologies like "the $31m has been received in H1" in accounting terms are blasphemy.
Also where did you get from that $31m EBITA have been spent?
Please if accounting is not your area of expertise try at least to Google it....
How can a company spend in the same period the EBITA that has just made????
Right let me explain.
If a company makes $31million EBITA in H1 and break even in H2, at the end of the year it has made $31million EBITA.
Billy you are showing not to have a clue about accounting, beside other shortcomings..
..and the $15millions is an estimate of net profit coming from $31millions EBITA.