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Let me reply to HarChris
No need to repay any debit within 3 months time, but the BoD as stated in recent H1 results that they will seek aggressive debit repayments, my guess is from end of Q4...
$31 million EBITA for H1 in any case is enough cash for any repayment.
I am not sure if you realised that Hum is doubling production in 1 month time, with POG at highest level of recent...
Scaremongering talks of debit repayments, are really sad, just buy the shares and stop trying to get in for 1p cheaper, this is going to grow 4 times, if you have the patience to wait...
About asking a question on issuing more shares....what a stupid question, what kind of answer are you expecting to ask such a question in an investment board. And what are you going to do once you get a answer, are you going to base your investment decision based on some stranger opinion on a hypothetical stupid question.
I am embarrassed replying to you bro...
Lets put it this way:
Some people are happy to park their money in a dividend paying share for 8% per year return.
With Hum you are parking your money for 100% return per year for the next 2 years.
(Times are approximate indeed, can't pretend to know exactly when I will get my return on investment)
I do read LLOY board other and for that matter also CEY board, actually I read a lot lol...
Uk investment crowd is a funny one, either you get the one stuck year on end not daring to sell a no hope loosing share, or you get the one chasing day profit no able to hold to a share for more than a week.
Very few have the patience to forget the share price and look at results and progresses.
Indeed anon3
I just had a very good read, and will read more.
No haven't been here long and maybe this is a plus, because my emotions are neutral and can make a better decision on my investment.
I have some 30 years on investments experience and done it all, loose a lot and gained a lot, but beside money what I have always tough is valuable is experience and knowledge.
I can say I have gained both after all this years, what is left for me to master are emotions....
On HUM management it appear to me that after Q3/22 when they made some decision and implemented, results came out very positive, and yes I want to give them the benefit of the doubt when Yanfolilla started because of many factors....New mine, ramp up and fine tuning operation, Mali, the coup and finally Covid, which also beside lower grade/production pushed up prices and costs.
Possibly the last test for the management will be in been able to switch pits in Yan and keep steady grade/production in Q3/Q4....Time will tell.
But
Between now and Q3, I am expecting updates on ramping up Kouroussa, drilling results and who knows, maybe development on Dugbe like a sale agreement ?! (that would be nice but I am not counting on it) lol
In my opinion people on here are a bit too harsh on the company BoD.
I mean.....Hum till recently has been 1 trick pony company, with only 1 mine, of course if that goes wrong, the effect is very much showing on the bottom line results.
But hey, I would like to see some of these critics running a new gold mine operation, that inevitably need adjusting and fine tuning, in Mali during a coup, during Covid-19 and probably with a mining contractor that was also milking it...
In 2020 they still managed to produce 101k/OZ during the coup and Covid.
It occurs to me that every time there was the need to find some solutions and deal with unexpected events the BoD as performed very well, and again has happened lately.
I can very much understand the disappointments around... but can not be all management faults.
please ******ed go away....
who is this ***...coming here to dictate what the rules are?
does she hear her self? telling people not to listen what everyone else is saying, calling people morons.......but please liten to meeeeeee. i know better......
lol
of course the market is efficient most of the time, of course sp reflects what the market think is the value in that particular time frame.
so what?
what people are failing to understand again and again is that there is no easy money in the market.
the majority of investors are chasing dream profits, by investing in dream stories...
funny enough is more likely that the crowd will pile in on a share that is selling out a project that need lots of debit financing, that in a share like hum that has already executed the project and is about to create share value for investors..
people by the stories because they dream unobtainable profits, forgetting that companies need to issue debit to get wherever they are selling to the market.
hum is a fantastic recovery story, but is not sexy for the market..
its funny, you will get potential investors looking at hum, do a bit of research, then realising the company has $120mill in debit and think, naaaa this is not a good investment.
then they will look at a company that has a dfs done but no money for the project, buy the potential dream of huge profit, invest at the top, and then look at the share price inevitably and painfully slowly come down .
nobody says that hum will be at 60p in a week, what is important is not when will get there, but the certainty that it will get there.
Just put the clown on ignore it save so much time, in stead of answering on things he/she knows already very well. When clowns like this appare on the board i know I someone is desperate to get my shares. Not sell sorry 3/4times return in 12 months
People desperate to buy share cheap would come up with any bul@it.... Dv one is the most phatetic I heard.
Didn't realised Zimbabwe had their currency pegged to Gold.....
Also yesterday GDP Price Index was lower than expected at 2.2%
Indeed the important numbers are coming out today
PCE
Yes saw that bonker99
Still we got more important PCE coming out tomorrow, that might reverse POG.
Hum POG average for H1/23 been 1927, so Gold price could even blip below $1900 a little, that we would still keep this average.
I note that US GDP Price Index came below forecast at 2.2% I wonder if it will be traduced in CPI...
Yes sure tbh after yesterday Powel briefing, POG may have to wait a bit longer to go past $2000, but hey is everyone guess....
I will be happy if it stay at this levels, no more Fed rate rise for 2 moths and lots of macro data to watch, very important one coming today and tomorrow. Meanwhile USD is under pressure from BOE rising rates today and if Japan change tone from its QE stance, USD will go much lower....interesting times.
But the Fed rhetoric will always on the possibility to rate rise.
So much to look forward from this share and every chase to be 3 time and more sp in 12 ish month time is a fantastic return. I will have some cash available by mid October maybe earlier, maybe just in time to top up before Q3....
I am very much loaded here though and will by only if price goes below my average, when i'll have the cash ..
4 trades in firs hour and 13 min. for a total of £4700.....better I stop watching otherwise I may get a heart-attack from the excitement.
I see you in 12 months time at 40p.
I really hope English is NOT your first language bro....
Punter64
Is it not how its spelled?
Interesting times...
Tonight Powel statement and tomorrow US GDP and Jobless claims..
I am guessing he will hint at the possibility of one or two more rate rise down the line, just to keep the door open.
Still the market imo is already geared up for a pause. USD Index has been on down trajectory since talk started to halt rate rise, any negative macro going forward will reinforce this trend.
Will definitely wait till tomorrow data to make any assumption on POG
100% correct.
And one or two positives out of latest H1 report are:
That management has explicitly stated that debit reduction is their priority, talking about aggressively reducing debit.
Its important to have management on the same page of shareholders, just imagine if in stead they were to announce another borrowing of $100million in 6 month time, to develop Dugbe...(very unlikely now) Maybe even a sale, though $100million price mentioned on here sound a bit optimistic imo..
Yes sp will increase together with Kouroussa production increase and debit repayments, but the downside here (unless POG goes much lower) is near zero.
Many investors are gamblers that would like to double their money in a day, funny enough it happened to me a couple of times in my 30 years investing, but I am not chasing that.
3 time its price in 12 moths time frame here is very realistic, maybe sooner if POG goes above $2000.
CPI is coming down all over around the world economies together with PMI's, business activities in Germany are at recession levels.
What is left is US still hanging on these apparently strong employment reports, we all know how misleading are there number based on the gig economy, and people on zero hours contract having to do 2/3 different jobs to pay the bills.
Inflation and then high cost of borrowing have killed growth, but rhetoric from the main stream media and Fed are trying to create the feel good factor, to make you spend the last penny you got left in the pocket.
Banks need to survive at all costs, otherwise it will be the last nail in the coffin for Western economies model.
They started already QE recently to save the failing banks, soon they will need helicopter money again...
Don't be fooled by US main indexes rising, based on AI bul@it mania....that is another bubble..
There is no growth around, even China needs to pump up cash in the system.
As I said before, although fundamentals and production growth for HUM are ever improving going forward, imo will be POG to catapult the sp much higher.
DYOR