Member Info for LuckyLuciano

Https://www.investing.com/studios/article-382402

Buys showing as sales. They never get it right. Added more and shown as sales.

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Indeed with automated trades and different broker participating to the market, buy and sake price is often different.

Sometime I wonder if this is done in purpose or just pure laziness.

I am amazed when I get a message from my broker saying, we have improved you trade by £.....

Volumes up sp up that i good enough for me.

Yes nice bounce and the RSI suggest still plenty of run up to oversold.

Politically Niger is not a factor see article below.

I think current sp rise was long overdue on any levels for HUM and is even more solid in the current context of lower POG and gold miners sp...

Kouroussa mine must be near commercial rate of production, just realised that H1 financial results probably wont be out till mid September, (past dates differ widely...) so likely Kouroussa ramp-up will come as separate new!?

https://www.investing.com/news/commodities-news/west-african-bloc-holds-talks-in-niger-with-junta-3157607

On Green Mineral Policy, I was aware the Zimbabwe was a Lithium producer but not to this extent, see video below.

After this video I am putting in to context, Ghana and Gov. rumours that no raw material can be exported.

It seems to me that Ghana, has come a bit too late to the party of refined lithium production, and although Ewoyaa is a very decent asset, compared to Zimbabwe potential it seem a drop in the ocean.

Zim and the Chinese are at much advanced stage of development, I believe they are already building refinery for battery grade Li.....?! Cost of production there should be as much if not much cheaper than in Ghana.

I am just wondering, if the move to dedicate feldspar to local Ghanian glass and ceramic industries, is a realization that Ghana has already lost the race to become a battery maker powerhouse in Africa.

Hopefully when the Gan Gov. will decide what to do with the Green Mineral Policy, they won't make it too difficult for ALL to develop Ewoyaa....

https://www.youtube.com/watch?v=v7gI9jkLM8E

Hi sure there will never be a BRICS currency

but more and more countries are trading for goods in their own currency. Oil will be the last straw for US to start panicking, why?

Because soon countries will realise how artificial are valuations of many commodities, traded on virtual exchanges in USD without fundamentals/physical backings.

Hence the real free market will take place, where every producing country will be able to set its own price and compete against other producing countries.

Anything made in USA and denominated in USD will be very very expensive......

It will take time but will happen

Is puzzling when you get some selling at 09:26:22 10.165 213,827 Sell* 10.00 10.50 21.74k.

If this investor was in at lower price and made a profit, on would argue why not selling much earlier (plenty of time) and at a much better profit...?

The alternative is someone selling at a loss. Again the question is how much lower HUM sp can go from here? Why selling now when sp seems finding a floor?

I am quite financially committed on Hum with entry at these levels hence can't top up anymore...but what an opportunity for those on the side line...!

........on last note looking better at Hoc

their hedges are for 2025, a bit too far out in time for been considered a smart moove...time will tell!

Also slightly different animal Hoc, but hey!

As last financial $227millions of Net Debt? and MC of $430millions? 7 times Hum MC.....WTF

Indeed this is why I am happy if there is a solid floor to POG.

So many news pulling in opposite directions, if wasn't for USD been the world reserve currency, gold price would be already at $10000/oz.

I mean just last week USD debit was downgraded together with some 10 banks and possibly more to come....

USD has hardly register the news, meanwhile as soon as there is a small correction in main indexes, USD benefits as safe haven...ad to that possibly more rate rise down the line, all in all gold is doing very well been still hovering at these hights...

I whish HUM did hedged most production like Hoc above $2000/oz

Inflation down in US and unemployment up.....

That should do for the Fed skipping rate rise, comes September.

Very good floor to gold price, HUM half year results coming out in a week or two.

Expecting that for H1 we have posted a small profit on the back of EBITDA of $33Millions, lets see......

Also updates on Kourousa?! Sp may start to rise from here....

I whish I understand what you are saying bro....what language are you speaking ?

Just look at Chaarat Gold, $250million investment proposition.

It might or may not happen, but there is lots of cash right now looking for gold projects.

If Chaarat can attract $250million Dugbe as to be worth easily $100millions or more...

It seem to me the company is now shifting its focus on drilling and exploration.

Kouroussa is a great proposition high grade and still a lot to be discovered, possibly a much better return on capex than developing any new mine.

The market is not pricing in anything.......With some 20/30 trades a day Hummingbird share is not exactly in the investment radar of many here, and the market doesn't even know Hummingbird exist....

All gold miners share price is moving up or down together, mainly due to POG.

Big day today US CPI..FINGER CROSSED.

IWantThatOne

that has to be what happening down the line, the sale of Dugbe.

Given the current financial circumstances and the indications from Dan, personally can't see any other outcome.

Surely they are not going to take more debit to finance another quite expensive project.

Dan stated quite often recently about the aggressive reduction of debit, the aim is zero debt by end 2024, which implies no new debit for sure.....

I came across this from Resolute mining

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31 March 2023

Syama gold mine honoured for Tax Citizenship

by the Malian Government

Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to announce that the

Company’s subsidiary Société des Mines de Syama S.A. (SOMISY), 80% owner of the Syama gold

mine, has been formally Honoured by the Malian Government for Tax Citizenship in 2022.

Mali’s Director of Large Enterprises (DGE) presented SOMISY with a certificate of recognition

honouring the Company’s outstanding tax citizenship and confirming a civic partnership between the

Syama operations and the government would continue. This milestone acknowledges SOMISY’s efforts

to be transparent with the DGE and ratifies SOMISY moving from a high risk entity to a lower risk entity.

Resolute has been operating in Mali for approximately 20 years and during that time has made

significant contributions to the development of the country’s mining industry.

========Just an idea of relationships between foreign gold miners in Mali and its Gov, even after the coup....

Hum now valued £16 million less than AZZ with 4 time its production.

£40 millions less than SHAN with more than double its production.

lololol

For correctness have to post the below regarding new Mali mining code.

This is already something that was in the knows....

Note that the article talks about "new projects" which make me believe that Yanfolila will not be affected by this new code.

Nevertheless the bit regarding "certain tax exemption " may be of Hum concerns...

https://www.mining.com/web/mali-adopts-new-mining-code-to-boost-sectors-contribution-to-gdp/

https://www.mining.com/web/mali-adopts-new-mining-code-to-boost-sectors-contribution-to-gdp/

Frankly Niger coup has never been a issue for Mali and even more for Yanfolila.

Geographically our mine is thousand of miles away from trebled areas and Niger, even within Mali, Yanfolila is hundreds of miles away from Jihadists activities and insurgence.

Beside since Wagner group presence in the country, the jihadists troubles have come down quite a lot...

But also politically is unthinkable that Mali and Malian troops will get involved in any military action in Niger, either fighting for pro coup army or against them with the ECOWAS.....

This is a process of getting rid of the French colonialist and the only way it can happen is via coups, some time I think we would need on also in the west...but this is another story.

Meanwhile in pro-west democracy countries like Ghana, the government is delaying mining licenses and reforming mining laws with the intention to rise taxes and the share of government ownership....look at Atlantic Lithium.

There are also talks from the Malian gov to increase ownership of Mining companies in the country, I think to 25%.

I think for Yanfolila the Mal Gov. is in already at 20% so wont be a big deal for Hum. but also any mining reform in Mali, I suspect won't happen till after the general election and that is in 2024.

Piedmont just released quarterly results..

https://www.investing.com/news/piedmont-lithium-adr-earnings-missed-by-160-revenue-fell-short-of-estimates-3149078

The full info:

https://piedmontlithium.com/investors/sec-filings/

And a extract:

Our investment in Ewoyaa is expected to produce spodumene concentrate in 2025, and we anticipate spodumene concentrate from Ghana and Quebec will serve as the primary feedstock for Tennessee Lithium. Our operation in Tennessee is being designed to produce 30,000 metric tons annually of lithium hydroxide with planned production expected to commence in 2026. Carolina Lithium is located within a world-class, historic lithium belt in North Carolina. This integrated spodumene-to-hydroxide project is being developed to produce 30,000 metric tons annually of lithium hydroxide and is expected to begin production in 2027.

We currently plan to produce an estimated 60,000 metric tons per year of domestic lithium hydroxide, which would be significantly accretive to today’s total estimated U.S. annual production capacity of just 17,000 metric tons per year. Our lithium hydroxide capacity and revenue generation is expected to be supported by production of, or offtake rights to, approximately 525,000 metric tons of spodumene concentrate annually.

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I am just wondering if 50% of Ewoyaa production will do for PLL....I mean they will need 525k/t of spud ?

They might even be the one that sign another offtake for the whole of Ewoyaa production.....but to rely too much on Ghana supply, with the Gov. playing games hmmmmm. Time will tell

More disinformation, they like to keep us in the ignorance....

Today BBC News 6 pm, peak audience time...

First opening new, Coverage of Shinead O'Connor funerals, second new Scotland student exams statistics for this year...

Media filling the spaces with irrelevant and time wasting information.

What happened to the Panama Paper, tax evasion from the rich, what about the millions that the Tory Gov. ministers where gifting at ghost companies during Covid-19......