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..and US 10-20 Years Treasury Bond approaching 100
Many financials balance sheet will look ugly.
Testing times for POG interesting to see where is the support, lots of USD strength also comes from main indexes been under pressure. Very conflicting and messy data out there, my feeling is that any drop in POG will be quickly bought by US and non institutions.
Perversely even is we are going trough a mini market correction right now, Hum sp at this levels and with POG holding maught still come out the best performing.
Can't see any other shares or sector performing better, in those circumstances, maybe banks?
Yes the last warning from the Fed is "higher for longer" that is likely to substitute any other rate rise going forward.
On that assumption beside a bit of volatility, one could assume that USD is topping and POG is consolidating support at this level.
All good for HUM plenty of profit margins to pay down its debit, I am not expecting any firework on debit repayments from coming Q3, higher AISC from Kouroussa ramp up and Yanfolilla transition to higher grade pit need to be considered here, but still hoping for a decent net profit by the end of 2023.
Also will be looking at revised guidance on production and AISC, and drilling expl. news...
DavidBrent I hear what you say, free to do what you like with your money bro..
Can't remember what year they open the first mine2018?
==============
Sounded like they have opened many mines and all were crap.
Reality is Dan and the company had no experience in mining what so ever, the least mining in Mali and exploring before that in Liberia. Have posted this before:
https://www.youtube.com/watch?v=4h0Ii4Z2iHk
One mine opened in Mali , thought-out lower gold price, covid and military coup...
Did anyone expected to get rich?
Anyhow at such low sp and given the macroeconomics I rather wait for a bigger profit.
Honestly...with such low volumes of recent I can't see technical have any relevance here.
The company said on Kouroussa nameplate (or commercial production) been achieved in Q4, we are still in Q3 so all good...need to be patient people.
Been invested in mid/long terms and expecting results in short terms is a sign of madness....are you mad? lol
For what is worth comparing HUM to RSG (kind of like for like imo)
I get RSG net debt plus market capital at $500millions for current 360k/oz gold production.
For the same token HUM has $200millions for soon more than 200k/oz gold production.
On this metric Hum is at least 50% cheaper than RSG right now.
If we compare the two miners on a forward profit base for say 2024, the difference in value is even grater because eliminating net debt from the equation would see HUM sp having to grow 3/4 times...
On another metric POG and HUM sp are diverging..
https://tvc-invdn-com.investing.com/data/tvc_c744ee23de57b9916f52b69fa2457ce9.png
So be patient, in absence of bad news something will soon chage.
£2
Yes nice and unexpected POG rise.
Is definitely a case of buying the lows, it has been a while now that central banks around the world are buying bullion as insurance just in case....this beside the BRICS dynamics. Also Indian gold season is a bout to start.
Hope I am right, POG may not fly to $2500 any time soon but can't see much down side pressure either. At this levels HUM is making a nice little profit.
US Gov interest on debt repayment is in the trillion, and people (not the Fed) are buying more T-Bills as if there is no tomorrow, lured by 5.25% coupons. The Fed is no fool, soon these people will find themself with paper in their hand....
Again is not going to happen tomorrow buy 1/2 years is just about right.
Brics nations in stead of a single currency (I don't think will ever happen) are weaponize energy, not sure how the SA/Russia will square up with India and China, which need lots of energy at low price.
Here patience is needed, with volumes at best ridiculous, the sp wont fly. Unless a material new like the sale of Dougbe pops up, is just a case of paying down debit and adding sp value....some 10% per month till end of 2024 would be nice.
Indeed anon3
my point on the positivity side is that so far we had update on Kouroussa that all is fine, that the Mali Gov. so far is not asking for more share of Yanfolilla, and it appear new mining law affect only new projects.
That the so worryingly wars and coups in that part of Africa have not changed a thing, but actually with the intervention of Russian mercenaries they are keeping rebels and terrorist in the country, well under control when needed...(not a nice thing to comment but a reality never than less)
Unfortunately perception for most African mining operation are very different from reality, and only time can heal that gap..
Still I rather been invested in HUM right now that in LLOY shares......see you in 1 year time.
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