Member Info for LuckyLuciano

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

It seem breaking out from short term channel.

Some action happening nearing Fed decision.....interesting.

I am expecting a move in any direction up or down, and it will take few days after the decision to see where POG is going, hopefully up.

Slickharry I wouldn't credit "the market" of been so sophisticated to look at the AISC for H2 and outright sell....

Beside AISC at below $1500 for full year as from guidance are going to be met dead certain and there was no mention or guidance for H2 AISC alone....this is for Yan.

Yes Kouroussa strip costs and initial ramp-up costs are a factor, but this happens in every start up mine and actually 4 moths to commercial production rate is good. Possibly if the market can find a negative, is in the now forecasted 30K/OZ production for 2023, when initial very rough estimates, were a higher....

But today sp drop has to be mainly out of traders selling the news, together with MM paying with the spread, to scare weak hands out of the picture.

MM game is to create volatility, they know that at this price going forward there will always be buyers....

Well a bit for a joke I bet that we may finish in the blue today.....scrap that. lol

Thing is on fundamental it only make sense that sp will go up when material value is added, ie paying down debit and finding more gold with drill bit.

But as always gold miners sp moves also together with POG.

This is why I don't accept comments that HUM sp is what it is right now and will stay at this level for the foreseeable future.

Lets have a look what happens if POG go past $2000/OZ.

Last time with more operational uncertainty we went past 20p from today level, in the space of 4 days.......

Today was just a confirmation that all is ok, the company management seem very busy and active, I would say even

pro-active this is fantastic.

The possible sale of Dugbe and talks of aggressive debit pay down, are very clear sign that BoD interest are in line with shareholders in creating value.

Lots of news flow to expect in remaining of 2023, exploration drilling result, possible sale of Dugbe, Kouroussa updates and maybe revised Yan production (I know not everyone agree on this) and then what about if the Fed decide to stop rising rates?

But looking at other stocks as well

Can't see any other gold mining stock out there with same potential in next 12/24 moths but, but please let me know.

Well done you won't regret. My investment strategy is to double my money every year. £50k would make me a £millionaire in little. Mire than 4 years, less if you start with more... Obviously. HUM IMV is 200% sure to double in the next 12 months hence one of my choice, and with POG bullish going forward there us every chase will be 4 time this price in 24 months. Immagine debit relayed in full and POG above $2000. I don't like to hold many shares and I am learning, when I am on a good one., to hold tight for the long ride. Have missed too many opportunity by selling too early, and is becoming embarrassing... The other share I am fully invested in is a oil exploration company called Invictus Energy, high risk high reward.

Well from 1000 post prior to rns to zero after......Of course I missed you.

Where is gone Gold_Investor and his friends?

lol

Thank you ptitbru for this.

Https://www.hummingbirdresources.co.uk/corporate-interviews/q2-operational-and-trading-update/

I like the words "aggressively reducing debit" to create share holders value.

No mentions of Dugbe Gold Project in Liberia.....maybe they are deliberately leaving this out, exactly because of plans to sell? Have to say this would be my wish, no need to borrow more for another project right now and for the next 2 years.

High debit right now is an opportunity to buy cheap shares, with doubling production and rising gold price, an opportunity not to be missed.

Again not sure IF we sell Dugbe how the market will react, but imo it will be good news.

$100 million for it would be fantastic.

K3VMC

Not looking to argue with you, genuinely interested.

Please explain your thinking regard MM tree shake....

Expecting new hight in sp soon rather than late...

Lots of news coverage on today H2 results, all in line with expectation.

Add to that POG post Fed rate rise....sorry the ramping but 20p could come as soon as next week.

K3VMC

Sorry but on this I am not for conspiracy theory...

HUM sp when down because people sold, short term trades, not because the mm wanted it to go down.

Volumes have been quite large for this share in the first 20 minutes of today trade and most where sell, hence price drop.

Anyone betting that we finish up today?

BlackHopper

with you 100%

Let Fed rise Go by and see what happens to POG.

Well recent sp rise was a bit suspicious......lots of £50 trades. lol

The clue was when US unemployment numbers came out better than expected and POG had a small blip,

people got scared and sold, not even waiting for H1 rns....

That goes to show the nature of investors...

Everyone looking at the share price......lol

BlackHopper Thank you.

I get that.

I am just saying that imo they have been too conservative.

I mean AISC of below $1500/OZ is very vague, but yes accept that possibly production will be at the upper end of forecast.

With an H1-2023 AISC of US$1,170 per oz

lol

right that is what I mean

Have to say this number is not correct:

· AISC of US$1,234 per oz in Q2-2023

I get AISC for H1 been $1167.