Member Info for LuckyLuciano

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.

Moreover Billy your post was addressed at Anon3, not me.

Is not the first time that you go on about the Q3 and lower production from Yan and blablabla....

You admitted that you are looking to average down and buy more Hum shares on the cheap.

What kind of reply are you expecting from people on here?

IMO you are luckily if nobody try to find out where you live....

Think about people invested at much higher sp, having to read you negative comments just to suite you short term interest.

Billy you are funny...in a nice way.

Sorry to upset you I will try better to keep up.

About Debit or Debt, again during my AAT Accounting course I learn it as Debit and it as remain debit for me.....but thank you for pointing it out....again.

Sure ID78/Billy

I though extra $15 million debit was something new that I missed...

Lets stick with what we know which has already some element of guess work.

As posted before the question mark for H2 will come from how the company has accounted for, regarding Kour AISC and capex/opex....and indeed likely a higher AISC at Yan.

In absence of info I am taking the balanced approach of assuming H2 will be breakeven, leaving the EBITA OF $31MILLION from H1 and some $15million for the year to repay some debit.

But admittingly is everyone guess could be better could be worst, but surely we wont need to borrow more or issue some shares, as some mad person motioned days ago.

Who know where POG will be in Q4....October is the start of the Indian gold buying activity, with a weaker USD the Indians will but (hopefully) even more than last year.

HUM sp more as much if not more with POG than with company fundamentals, hence its sp could be easly doble from here by end of the year.

NOW THIS IS JUST MY OPINION. LOL

As suspected...

· Further, c.US$15 million remains available and expected to be drawn this quarter, Q2 2023, from the Coris Bank International ("Coris Bank") debt facilities.

The balance of Kouroussa's capex to be funded from a combination of the recent Placement, ongoing operational cashflows and available debt facilities.

====================================

This is old information.

As of Q2:

· Net debt position of c.US$122.8 million at the end of Q2-2023 (c.US$119.3 million including gold inventory value) with deleveraging expected to commence in H2-2023. For the quarter end:

· Gross debt of c.US$128.6 million.

· Cash at bank of c.US$5.8 million.

· Gold inventory value of c.US$3.5 million.

===============================================

You can suspect, imply, guesstimate or have any personal opinion you like.

For the same token I think POG will average $2500/oz in Q4/23.....and then we are going to keep talking about opinions.

This is again another attempt to focus talks on company debit, based on opinion, when the company says they will pay down debit as we speak.

Please explain me how can they borrow more money is in stead they are saying that they are paying down debit??

Lots of lies from usual suspects...

ID78 Please can you provide a link from company announcements about your statement below?

HUM in 2 years…. Debt now is $122mill and they intend to draw down another $15mill so $137mill.

Agree that political risk in Mali is more perceived than real.

Is not that Mali Gov. is going to confiscate and halt production from a mine that bring them lots of free carried cash...

And is not that they have the expertise to take over the mine and produce gold themselves...

On the contrary as Trochilidae says, is more likely that our mine in Mali is protected by the Gov. against any possible local troubles....

But still for sp concerns a negative perception does affect the sp valuation, this is why some African miners have such low valuation already priced in.

Possibly for Mali the coming mining reform is what we should be looking at, I think they talk of rising Gov. participation in mining companies from 10% to 25% ?!

Obviously it won't come for free but either the Gov will buy a slice of the company, of most likely get it for free and in exchange, allow for tax holidays?

All talks down the line in the next year or so, and subject to negotiation I suppose.

Yes ID78

I sometime do the same simplistic valuation, by adding debit to MC, just to see on production which is better value.

Obviously is not as simple as that, the market often react on sentiments rather than intrinsic value...

On that front....and TBH I am not well informed on Shanta news flow, I would argue that HUM is better positioned for the remaining of the year, on news flow and sentiments. That beside valuation.

Hi ID78

So 22ok.oz production is for 2024.

Yan this year is for 80-90k/oz, likely to slightly exceeded that, my opinion is for little above 90k.

So yes for 2023 is max 130k, or 120-130k estimate.

Then I look at a miner like Caledonia Mining Corporation.

This is just a comparison based on market cap and production and I know there are many other factors that influence share price, including some liar negative comments from this board, looking for a cheaper S/price to average down....

Anyway back to Caledonia: MC £170millions Production 80k/oz per year.

Hummingbird: MC £70millions Production 220k/oz per year.

I know which share I would buy.

I was looking at the AISC at Kour forecasted to be at $1000 for LOM at 100k/oz per annum production.

Now the first 3 years at such high grade, production will be 120/140K/OZ (letz say 130K)

Are we talking about a much lower AISC for the first 3 years, due to higher production rate?

Say $850 AISC with POG at $1950 makes $1100/OZ EBITDA ?

130K/OZ at $1100/oz makes $143millions EBITDA

Maybe this is why they say, debit will be paid in 2024

On share price valuation after 2024, Hum should be debit free, with Kouroussa and Yanfolilla making some 220k/oz.

Indeed SpaceHoppa

is good to find someone that does some research and able to provide, official and reliable information.

Most comments I read, especially dose coming out from people trying to bring Hum share price down, are based on feeling and opinions......

This is and will be always my advise to new investors: never base your investment decision on people opinion (including mine) look always at the data provided by the company from company website, and make your own decision based on that, not on other people opinions.

On Hum from latest H1 Results I read:

· Net debt position of c.US$122.8 million at the end of Q2-2023 (c.US$119.3 million including gold inventory value) with deleveraging expected to commence in H2-2023.

That is enough for me. It means that debit will start to be paid as from now. Anyone saying or suggesting something different, is saying that the company is lying. The company also says that will produce free cash flow, that means profit to pay debit from this year 2023.

Https://www.investing.com/economic-calendar/

Exactly all indicators for US in red,

WTF why gold price drops?

Https://www.investing.com/analysis/gold-can-anything-outperform-it-200640567

Interesting but maybe a bit biased toward higher gold price.

SpaceHoppa

you are starting to play the game of some on this board, by talking about the debit, and not the improving operation and huge profit the company is making right now.

This is what some on this board want ...this is why the keep talking about debit.

I have been polite enough to reply (quite a bit ) those those posters, but life is too short and now they are on ignore, mainly because they don't bring anything new knowledge base to the boar.....

I like to follow my investment and do as much research as possible, to be updated and able to make instant decisions as thing develops, is not by replying to those doom and gloom posters that I can keep track of what the company is doing or what the market is doing.

I politely advise you to stop reply and maybe ignore them.

Anon3

thank you for your honesty. So you are confirming you are looking to buy lower, having made already a handsome profit with previous trade. Is a win win situation, no wonder you can be invested and take the liberty to be so negative on the company...

Mind you there are probably people that bought like you at the top and never average down and you negativity surely doesn't help them.

We all act accordingly to our interest and need, is a fact of life.

Comments like this ===

Lucky, no I didn't just pick the bit that suited me. I picked the most important part.

====

Confirms your intention to keep averaging down, hence wanting a lower share price, you even give advises to other to do the same.

The most important part for this company is operations, Kouroussa smooth ramp up and production with low ASIC, and this is the focus, because without this in place no debit will be repaid.

Focusing talks on debit, like you try to do, is just an attempt to fill this board with this information to create negative feeling among the readers and aim for a lower sp entry for you and people like you.

I am not bothered as my sp average is lower and have made some successful trades in the past, beside my time frame is min 12 moths....hance I am 100000% sure to make a good profit here.

But I am sorry for those that bought much higher than this price and are conned by people that lie to the board, just because personal interest. Unfortunately we live in the age of freedom of speech.

I will stop replying to you because I don't want to play your game of pestering this board with the issue of debit.

I am sure you and some other like Billy and co will find the way to keep taking about debit, poster and after poster, but not on my tread. Sorry have to put you on Ignore.

Outstanding bills will be in the accounts under liabilities but that is not gross/net debt.

Indeed they will under payable and receivable.

I often look at them because some time they hide much more debt that the company like you to believe...