Member Info for LuckyLuciano

Lets start a new tread I anticipation of imminent massive catalyst and transformational news.

On yesterday price action I am guessing in the next few days we will fully recover the crazy drop of yesterday.

So what? We been told by the company that all is well, Kouroussa is on track to name plate capacity, we could get 2 separate news or all in one maybe mid October?!

That will start the ball rolling for a rerate of this share. I am still expecting x3 or x4 by end of 2024 all depending on POG indeed......just imagine if BRICS countries meanwhile get serious about adopting a single currency, or is USA start talking about easing monetary policies...

But back to Kouroussa and Q3, beside confirmation that all is well, upward surprise imv will come from revise AISC/production, in that I think Yan will exceed 90k/OZ and Kouroussa will beat the 30k/OZ forecasted.

Still it will take a while before sp will go x3 or x4, unless the company comes with a surprise sale of Dougbe to clear out its debit, with debit repayments from operation alone, HUM sp should be adding some 10% per month till 2024, or something like that...

Another catalyst will be explorations essay, I think I read that some news are due this year, obviously they have to be good news to make a difference, but indeed more reserve/resources will be much needed and register a material sp change when they will come.

Hold tight, soon all will be revealed.

Yes I am following events in Mali via Leo Lithium Ozzy company...

As predicted the Mali Gov. is bocking export of raw materials/ore for new projects and soon enough they will want to take up to 30% participation of these new projects.

So far for Yanfolilla, been already an established operation no Mali Gov interferences or bad news.

It seem they are sticking to what they said officially, whereas new mining law will affect only new mining projects.

September seems a dead month for Hum sp, unless we get a surprise update from Kouroussa or some explorations essay results, this is going to be boring till October...

At one point today we had 4 trades by midday.....lol

Come on Hum bring on the good news, a sale of Dugbe imo would be the best possible short term new, but if happens is likely to be sometime next year...

I suppose "steady state" refers to steady state of production at DFS average levels....but I agree it is a bit ambiguous

Maybe the company doesn't what to commit to much with statements, in order not to disappoint the market..!?

Plans are for 30k/OZ from Kouroussa and imo I can't see them not been achieved considering that first gold pour was back in June.

Are we going to get a surprising production upgrade for 2023, comes Q3 results? Maybe not, time will tell.

https://www.investing.com/news/economy/us-bank-profits-flat-after-accounting-for-failed-bank-acquisitions-fdic-3169920

Even with decent macros from US economy and UDS slowly rising POG seem to be holding well....

Fed will pause for sure comes rate decision, possibly POG at these levels for the rest of the year.

One thing is for sure to save banks the Fed needs to start lower rates..

...on a serious note.

Remember, ▪ An updated Group FY-2023 production outlook will be

provided in the Q3-2023 operating and trading update

once Kouroussa is closer to steady state production.

No need or expected to know how many OZ Kouroussa has produced till Q3-2023.

Also from the company statement above, is implicit that steady state production (average rate of production according to DFS), will be achieved in Q4.

Hence no drama out of latest Twitter new, if anything is good to know that all is ok, after recent speculation of unrest bla bla bla..

Playboy007

I really whish you was in charge of Kouroussa operation, damn what opportunity HUM have missed here....

I mean just with a glace from a short video you have already understood, all about Kouroussa.

No doubt for a Playboy the word strip, has a different meaning...

Https://www.investing.com/news/economy/global-watchdog-warns-over-very-high-leverage-in-hedge-funds-3168274

With US treasury already loosing asset value for banks and financials balance sheets, NGFI are now exposed to a stock market, that must be keeping going up.

Tbh NOT sure it that news refer to Hum at all.....

They talk about KGM mining company, and mining in Kourousa .

No mention of Kourousa mine or Hummingbird resources.

Look fake news to me. But...

POG still very bullish imv.

https://tvc-invdn-com.investing.com/data/tvc_890839ff3038c3b45422e3cc3faee0cf.png

Weekly candle gap up can't be bad news. US Treasury valued at 2008 credit crunch levels meaning US debit is reaching junk levels.

Meanwhile Hum is doubling production? Why? Why this is happening to me.

Anon3 well done.

We need to be patient here, the market is no fool...

Maybe more opportunities to buy cheaper, long term prospects are solid.

Strange to see sale trade going trough below selling price.

Definitely a difficult balancing act for Mali Gov.

https://www.africanews.com/2023/08/31/mali-adopts-new-mining-code-to-raise-gold-concessions-ownership//

Not sure how re-negotiating what is renegotiable and recovering what is recoverable will work out

Https://www.investing.com/etfs/ishares-lehman-10-20-y-tr.-bond

Very low price and close to break recent support, this is US having to print not for expansion but just to sustain its debt.

A dilemma for the Fed whereas buying gold can be as wise as buying its own debt, interesting times.

Consensus is for a pause of rate rise comes September, I wonder if they are still looking at macros or Micron?

Large buy order need filling, hence sp kept low. Imo

Large buy order need filling, hence sp kept low. Imo

Indeed what we are all waiting is Q3 and giudance update, before that Kouroussa progres is likely.

No worries for Kouroussa new is too early, and for financials, past release dates had discrepancies of weeks

.

Https://tvc-invdn-com.investing.com/data/tvc_26de9635518e208c843bbbec00382629.png

In a market of buy the rumours and sell the news, after today negative or worst than expected economic data from USA economy, is likely that POG/spot won't advance much more from these levels, currently at $1946/oz.

The graph below (hourly) shows a peak with RSI on overbought and a support trend that bring it to mid September resistance level.

Interesting to see how any downside in main US Indexes, will affect USD/POG

Yes BT you market assessment is correct and for that account, with improving fundamentals the sp will keep creeping up.

But I am curious to understand why there is absence of buyers at these levels, with a potential x3 multiples on the card.

Possibly lack of volume is a factor, right now investors mostly are staying away from Hum, due to its high gearing overshadowing its potential.

Looking forward to news here, confirming operations are as planned.