Member Info for Mostyn

AISC too high. Its a bit ridiculous how wild the swings in this are. Covid doesn't excuse its increase. Production is not what investors thought it would be and low and behold, more excuses from management.

Don't worry though there will be Jam tomorrow. I am glad to be out again. You can trade this, but I would never hold this to be a multi bagger anymore. Its a shame.

I feel Dan is a bit of a magician. Some might say con artist, others might say he stretches the truth or plays games with smoke and mirrors. But i would say Dan is one of the major reasons for the lack of interest in this share.

It's clearly worded in the RNS that they are going to reinstate dividends. The figure to be confirmed with the end October results.

November not NIV

I listened for over 30min to the Telephone conference after last results. It was a fantastic phone call and the FD provided some great info. Since then, sales have continued to climb and are above last year's on a like for like basis.

I see what you're saying on the divi Manunited31, but hopefully it will be back on track and caught up soon.

SMDS look like a nimble forward thinking Co. They are concentrating on environmental factors and expansion (europac purchase and plastic division sale). Low P/E valuation too.

I see this at 350p ish plus 15-20p divi min by mid Niv

Maybe they are going to discuss how going forward new share awards are going to be linked to the share price and will not be too easily obtainable. I.e. They actually get the value of the Co. up to the benefit of shareholders.

Mark Reid the CEO is being awarded and granted too much stock IMO for doing very little to increase the wealth of shareholders. I have seen my investment diminish here whilst Mr Reid has invested bugger all if his own money yet is mopping up shares left right and centre.
I'll be asking questions on this to the Co.

You need to do something meaningful Mr Reid to justify your gravy train!!!!!

Only 3 weeks to go. Hopefully this will build on forthcoming results and dividend announcement.

Sales have been exceptional in August and September. Could they pay a special as well as interim dividend?
Blue days ahead

Says end of October results so maybe November, but not certain. But covid might change things

@aprogerston...it is great news about pasofino and the financing, but they need a wee bit more than £6mill to secure the 49% stake in dugbe. Someone has speculated 20-40million to cover their obligation? Its going in the right direction, but why such a large drop today, especially with all the president related news out of Mali??

Seperately I might be going crazy, but I read somewhere that HUM have lent pasofino the £2mill deposit they had to pay???? I do hope that is fake news!??

We're due divi News soon. Hoping for a nice bounce as they announce the dividend amount. The recent conference call with investors was great. Sales have been flying recently.

Despite greater production and sales volume and the thought that HUM was finally getting there, the coup popped up!!! As if covid was not enough. Now the fact the military want 18months with a military man at the helm and not a civilian has worried me enough to sell. Great recovery from 30p to 40p, but I've had enough of the risk. Good luck all and if this drops significantly I will buy back in as I like the story.

All the best

I hate to agree, but you might be right. PW was such a ramper, unfortunately he's fooked us right over. If we had taken those BP assets over we would be a different beast now and in a solid position, but he pumped in the background. And in cahoots with malcy too which was bad. Glad he's gone. Mr Reid has steadied the ship though and realised a decent price for NW Gemsa. Give him time I say, but I would like Sdx to do something meaningful as I am well under water.

I wish you were right Golden Bull, but we sell in Dore, so not at the gold spot price and our AISC has risen this year so I would be happy with $800 per Oz.
But the Co. always know how to add exceptional costs and non disclosed items to keep the profit per oz down lol

I wish you were right Golden Bull, but we sell in Dore, so not at the gold spot price and our AISC has risen this year so I would be happy with $800 per Oz.
But the Co. always know how to add exceptional costs and non disclosed items to keep the profit per oz down lol

More news is developing regarding the transition of power
https://www.google.com/amp/s/www.aljazeera.com/amp/news/2020/09/mali-opposition-rejects-military-backed-transition-charter-200913135811079.html

Looks like latest military transition offer has been rejected. ECOWAS won't like how things are progressing, but at least the SP is doing well. Fingers crossed it doesn't back track

@PlantedBHA....the bonds the Co are due to pay back will absorb the free cash. Off the top of my head I think they even said they were conserving cash to repay it. That and uncertainty over the long term production/water cut of the Wells are holding this back/caused the massive drop from previous levels.

With Dr Trice and other key figures stepping down and the low oil price its been a really tough year.

It just shows the resilience and strength of the Co. that it is still throwing off cash, not to mention the considerable reserves.

@GoldenBull... I appreciate your feedback as well. Great posting on this bb for a long time now. Ta

Thanks again Otho, apologies for my spelling and punctuation. Trying to type on a phone whilst taking a few minutes off work was challenging. I take your points about the wider industry and associated costs. I suppose an extra dimension to my complaints was that the Co weren't forthcoming with some of the information until pressed and after huge debate in the PI forum world.
I actually liked the sound of the Bunker Hill deal initially and spoke to a senior member of their BOD which alluded me to its long term potential, but shortly after the initial RNS when things seemed at their lowest ebb and most of us were bashing the deal, it felt like the HUM remained slightly shy on discussing/reporting it in their wider updates and results. But this again has now been corrected to some degree.

But I do hope the Co. has learned from its mistakes and it is clearly undervalued.

I know financial reporting is a bit of a game too with other companies being much less transparent with much higher PE's. Its refreshing to get a response like yours. I really appreciate yours and many others input on this board.

Cheers

@Othodelagery.... Thanks for the response. When I question Douglas Ross previously as I was concerned with the disconnect between him selling price and market price of gold I was informed we sell ours on Dore. Which is fine, but prior to that I struggled to find it. Might just be me. Then the one origin gold. I forget some of my original annoyance, but initially it looked like Betts metals were buying direct from hum and at favourable prices which was a massive conflict of interest. Then was it Betts father in law?? The hedge fun guy who had a conflict over hum shareholding then had to resign.

Seperatley I don't enjoy extrapolating non AISC items and also comparing the all in AISC costs against the financial statements. Yes income is positively trending in a lovely upwards trajectory, but despite this it seems that cost seem to always follow. Yes I understand we are paying down long term debt well, but we have had very high debt on the financials to do with creditors and working capital that looks like it might have gaps in. Financials I can't reconcile. The other issue is that they didn't explain very well how and why covid has pushed AISC up so much. Something close to $200 per oz when fuel (a major component) has been at historical lows????
I really like this BB hence why I posed the question.
All IMO

Thanks

Been here since before first gold in Mali. Just about even in my investment. I want to be really excited for the future, but despite Mali coup, we've been in a perfect storm i.e. Gold price etc etc, but everytine I look at the figures released it feels as if something is missing, hidden or deliberately obscured. The company don't seem to voluntarily disclose unclear items IMO.
Is this the real reason we are so undervalued compared to our peers?? Shanta, Barrick, Cora even are all on higher multiples.