Member Info for LuckyLuciano

So they were already drilling....and more to come.

· During Q2-2023, drilling on brownfield deposits in the Yanfolila license restarted, including SW and Gonka South ("GS"). The SW drilling will test for further mineralisation along the north-east and south-west strike zones to extend the SW Resources. The GS Resource upgrade drilling is complete and awaiting assay results ahead of further analysis.

· The Company expects H2-2023 exploration drilling at Yanfolila to accelerate at near pit opportunities as well as some of the historical Resources, with a key focus on increasing Yanfolila Resources at known deposits and ultimately adding to the Yanfolila Reserves base.

Billyboy2fromiii

so are you saying that they will produce 30K/OZ in H2 from Yan...?

We will see.

IMO Yan forecast are too conservative, been coming from a underproducing mine with ongoing track record of its potential.

I hear what you say about mining a new pit, works for that switch have started already and that will be a pit with actually higher grade than current....

Anyway I take your point mate, just my opinion that management has been conservative on forecasts..

Great also to see that AISC are way lower than forecasted.

· Following a strong H1-2023, Yanfolila is well positioned to meet its FY-2023 production guidance of 80,000 - 90,000 oz at an AISC of under US$1,500 per oz......

with an H1-2023 AISC of US$1,170 per oz, a decrease of c.42% versus US$2,019 in H1-2022.

· Group adjusted EBITDA of c.US$15.5 million for Q2-2023 and c.US$33.1 million for H1-2023 - a material positive Group turnaround compared to the negative Group adjusted EBITDA of US$2.3 million for Q2-2022 and the negative Group adjusted EBITDA of US$9.3 million in H1-2022.

For 2023 with 130k/OZ we should see $80 million EBITDA on ongoing bases.

On Dugbe......coupled with a positive solution on Dugbe in Liberia to benefit key stakeholders at that asset."

I wonder if they are planning to sell?

· 23,885 ounces ("oz") of gold produced in Q2-2023, an increase of c.19% on the previous year (Q2-2022: 20,013 oz), with a total of 51,147 oz produced in the first half of 2023 ("H1-2023") up c.44% versus H1-2022 (H1-2022: 35,561 oz).

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

That all I need to know.

Yan confirmed to be a 100k/OZ mine

Sorry GI

fail to see any gap you talk about, not even in the hurly candle graph...

Tomorrow is sell the news day bro..

A lot of people with limited or no ability to read a profit and loss account or balance sheet, looking for 10% profit on £2000 or less investment, will get out .

Some will win some will lose, some other, will feel stupid having sold for 10% profit, to then see HUM doubling and trebling in price in not so distant future.

So much emphasis on tomorrow result from a sp point pf view when actually, the focus should be on reading the details.

Also lost is happening on the Fed and macro space, but beside some copy and paste from some poster, very little or no comment on this very important factor either....

If result are what I am expecting its my intention to ride the volatility of tomo....

In particular I am looking at strong support coming from gold price, by the end of the week, once the Fed will be done with rate rise......

Good luck with all you are doing and any investment tactic you decide to adopt.

Right.

My point was about operational risks (CXO) and ever present for any ramping up lithium operation.....look at other lithium start up miners too. (CXO operation so far turned out to be way below DFS, with 2025 production been now 50% of forecasted, without talking about lower grade and recovery rate.....)Scary

For (LLL) my point is about sovereign risk. Yes ALL is not planning to produce DSO, clearly the Ghanian minister for mining don't what that...but also Mali Gov. now is looking to rise participation in mining project to 35%.

Meanwhile in Ghana they talk about listing company in the Ghanian stock exchange. Lots of question marks, when investing in African country especially for a considerable length of time.

So yes if you are willing to see it, you can compare LLL, CXO and ALL...from some angles.

Now I will shut up, sorry I just wanted to vent my concerns here and intention to exit...

Good luck to all.

Angelis what a moron.

Only able to make personal attack on others and not bringing any meaningful information for investors here.

Only empty words...your followers age average must be 8 to 10 years old.....wait a minute too grown up for you.

I can only imagine how much cash are you loosing at this game. Are we in a bad mood?

BTW don't bother to reply, you are on ignore for sure.

Indeed GK...

LLL 2.30 Min in to it..

https://www.youtube.com/watch?v=gUJDYd5a8Tw

CXO 44.50 Min in to it..

https://www.youtube.com/watch?v=28-P_7Qhau8

I am growing nervous bout the market and the commodity space.

Market is really toppy.....Big Tech quarterly report coming soon could be sell the new for a due correction.

On commodities beside Gold, lots of head wind, including for Lithium recent failure to reach an agreement...

https://www.theguardian.com/world/2023/jul/22/g20-countries-fail-to-reach-agreement-on-cutting-fossil-fuels

Huummmmmmmmmm

I am looking at LLL and now CXO...

Two interesting All peers affected from different angles of operation.

A solid update appearing to be treated as disappointing by the "market" would be a helluva a buying opp at this late stage of early growth.========================

Lets wait and see....

Today USD and POG all over the place looking for direction......Is crucial that HUM H1 results tomorrow are on the same week of Fed rate decision.

I posted before that Fed decision could affect POG either way, suggesting that rate rise is/may be already priced in, if USD will strengthen and POG down out of Fed rate rise, it will be short term 1 day or less, I am still guessing that actually POG will rise by the end of the week.

For Hum I have a neutral outlook on sp comes tomorrow results......expecting a very positive result and wording narrative, going against short term traders sells the like of Gold_investor and Co.......

Indeed next week widely expected Fed rate rise, might already be priced in....

Any talks of a pause on rate rise from Fed officials, could have an opposite effect of POG going higher...

This is not the usual KITCO ramp....but a more balanced, technical and interesting view on gold and general macros.

https://www.investing.com/analysis/the-next-big-rally-in-gold-stocks-is-coming-200640171

Possibly the true valuation for HUM is something in the middle.

I don't think it will never ever reach 1300% and will be delighted with half of that.

For sure when we talk about HUM valuation, we have to talk about POG and that is everyone guess.

More than what is the valuation of HUM I think we should talk about how fast it will get there....

Just wondering if the market is willing to price in forward earning (some) even before debit start to be repaid?

IMO what will push HUM sp higher is not confirmation of good production numbers at Yan

or Kouroussa ramping up production to nameplate.

The company did advise that full production and AISC numbers will be revised

and I am expecting them to be on the upside...

But pl note, on the 25th there is also the Fed interest rate decision, if they pause or even better they signal the end of rate rise, POG will likely go past $2000.

This is likely to affect HUM sp as much as the H2 Results...

Keeping an eye on today U.S. Philadelphia Fed Manufacturing Index and U.S. Initial Jobless Claims

last two important data before the 25th Fed decision.

The Yanfolila Gold

Project

Yanfolila, in Mali, poured first gold in December

2017 and in April 2018 Yanfolila commenced

commercial production. Yanfolila is a high grade,

3.1g/t Reserves, open pit gold mining operation.

Yanfolila is forecast to produce 105,000-115,000

ounces of gold in 2018. Construction, ramp-up

and commercial production was delivered on

time and on budget======================================

LOL old report from 2017, not sure what has change since then, sure at the moment grade is lower ( 2.45%)

at some 21% less than 3.1%, implying a max production of 90K/OZ from 115K/OZ as from above...

Current rate of 110K/OZ per year is way above max expectations, not sure why they are able to maintain such good rate...

Yan is going to be a smaller operation going forward so your 100k is too optimistic. Not being negative (as hols a lot of shares) but realistic.========================

You are probably right, the company talks about potential for 90K/OZ production from Yan.

My point is that for the last 2 quarters Yan has produce above 100K/OZ yearly rate, and this comes at the back of implementing new practice and now with a new operating team...

There is another 2/3 years production at high grade from Komana East Underground (KEUG) meanwhile new drilling could extend that for another 2/3 years ?!

Gonka Underground (GKUG) is another deposit with g/t 4.16% for 225K/OZ , more exploration there ?

In short there are still some 4/5 years of production at high grade and drilling can extend that,

nameplate seems to be able to produce above 100K/OZ, have the management been conservative

due to previous dismay production record?

Note that Yan from latest presentation is forecasted to produce close to 100K/OZ for 2024...

https://wp-hummingbirdresources-2020.s3.eu-west-2.amazonaws.com/media/2023/06/June-2023-121-Investor-Conference-Corporate-Update-HUM-Final-2.pdf

No they are not, I was thinking at another company......lol

So possibly a new drilling campaign this Q3/4, can't wait for results...

Aren't they drilling right now......I thought we are to expect news from current exploration, but I may be confusing....need to check.

Have read further the Don D. article.

My apologies if not reading it till the end.....is just that when it was starting to mention of POG at $2500 or even $3000, it kind of put me off.....

IMO although hat article is very detailed and makes a lot of good points, it doesn't agree with my philosophy of investing.

I like to hold few stocks upon which I have done extensive research...

Trough the years of investing, have come to the conclusion that often risk/rewards are very much miscalculated.

We are living in a fast changing financial environment, where technological discovery, geopolitical events and economic trends, change rapidly.

For example how would have thought that NVIDIA just few mother ago at $120 per share would quadruple?

Don D. in the article on HUM, clearly admit that his strategy to hold many gold miners shares is based on been able to keep emotions out of the equation.

There is a big mistake with this strategy because it doesn't matter how much percentage one owns of each share, but what it matter is the total.

In other words is the same to own say...£30K of HUM than to own £1K of 30 gold miners, especially if as the article suggest, the strategy in the end is mainly based on increasing POG, rather that production and better operation, like in the case of HUM.

I am fully invested in HUM and is the only gold miners share I own.