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Interesting comments Lew7.
Your posting history suggests you are a serious investor and don't talk sh*t.
At some point the sector will come back into fashion and assuming HUM has resolved it's issues it will benefit more than most.
Hopefully our time is coming soon
Yes HUM will do well with gold this high assuming no f*CK ups. But with their track record of missing guidance anything less than 200k isn't going to sit well with Mr Market. For HUM to give us the best returns they need to give confidence to investors. Let's see what develops
If you're already a holder then it seems sensible to hold.
If you're on the sidelines waiting for the confirmation then you will be paying a higher price than what you can currently purchase them for.
That's the gamble. He talks about revenue of $400 million next year and that will happen if they can get 200k Oz out of the ground.
It's a BIG IF with the company's track record of missing guidance.
I personally think a wall of money is waiting to enter HUM but they still have time on their side. But that window is closing .
It's been a painful ride being a HUM investor but now is not the time to chuck in the towel imho.
2024 is looking like it will produce 200k with margin of more than 500 per Oz.
Once the sector comes back into fashion HUM will be on most people's radar. Still time to accumulate more whilst the price is still subdued
Sometimes the market gives you an opportunity. I believe this is one of them although not without risk.
If we are to believe the company 2024 will produce 200k. Assuming gold doesn't crash, WW3 etc etc then HUM will be able to make a massive dent in the debt. That will transend into an SP much higher than where it is now. We saw recently that it trebled on good news only to give it all back.
Nibble away at what seems a silly price but if in doubt hold on for confirmation of nameplate but I suspect the day that arrives we will see a big jump. Hopefully in 12 months time we will look at these prices and think if only
Plumbs, then take the opportunity to load up. Sometimes the market gets it wrong, both ways. Most of us that have been following the story for the last few years loaded up around 7p. As the story unfolds and debt melts away true value will follow. Don't be fooled by the market cap. I tend to use EP
Anon3, whilst I agree the BoD have been useless the market will look forward. You know there's money to be made here and so do many others. The past can't be changed, unfortunately, but it created the mother of all opportunities.