Member Info for Mostyn

I emailed the company. A very short and Sharpe response stating simply that any news will be released via RNS. I suppose Mr Borson has had a lot of similar emails, but fair play to him, he responded in a very timely manner, which I am thankful for.

But I do think a sale will happen at a decent premium to today's sp

I wouldn't be that disappointed if a sale did not go through for reasons of low bids. The company have fully funded exploration being mostly carried, are throwing off cash and could even afford to start dividends or pay a special, which would IMO steady/increase the SP. All from an already undervalued share price

I Mostyn would like to make a cast iron offer of 50p for per 1 share in Amerisur Resources.

I would like to buy one share.

There you go 'Get on It.' a solid offer at a price you thought unimaginable.

Now if somebody wants to accept, I will request her majesty's Royal Mail to securely deliver a shiny 50p upon receipt of 1 share.

Cheers

I did like the interview and I have respect for Dan, but the interviewer was weak and I got the impression that anything Dan didn't like, they quickly swerved, but I suppose it was more of a promo interview.
Fair play he admitted a few mistakes, but no mention of bunker hill and no mention of gold sales timings i.e, why they didn't achieve a better average price. I'm not not nit picking, but if they want to gain respect as he repeated several times in the video, then why not discuss these hot potatoes head on??

Still no response to my email to the company regarding average realised sales price which is a shame. HUM is one of my biggest holdings, and I know I'm not big to them, but surely they could at the least acknowledge my enquiry.

I wish I'd bought these 4years ago! But have watched and am tempted to take a stake. Forgive my ignorance, but what's the other side? Are they dual listed or a different class of share, and can you tell me if that affects the Divi you would get.

Cheers

I would like HUM to go into more detail regarding the gold selling price as other companies in the same quarter have sold at higher $, and others have sold at lower $ but explained this with hedging costs etc. Gold has been at or exceeded $1500 for the Q as others have said. I just want a bit more detail that's all. I would hate for it to be discovered that the co are selling the gold cheaply to an affiliated company such as Bettsmetalsales to allow them to make a greater margin. I AM NOT STATING THIS AT ALL, MERELY ASKING FOR MORE TRANSPARENCY ON REALISED GOLD SALES PRICE.

I'm a long term holder in the red and still haven't completely forgiven the board for their Bunker Hill dalliance.

But I am happy with how they invest in the community, employ locals and operate to the highest safety standards. Google, Amazon et al should take note!

I have emailed HUM asking this question.

ALB

I was Benson4trak and I hated stt. I invested in the old Blinkx but got so fed up with stt and his apparent dribble and the continuing stagnation/reduction in the R1 sp that I sold out for a small loss.
I'm sorry but he might actually have some valid points. Has anyone made any kind of profit on this share from holding it long term? Not day trading! The answer for thousands of small P.I's is no.
Sometimes it's worth doing some independent digging into the points raised.
Honestly I wish everyone good luck. I don't want any P.I. to lose money.

We need to build our cash reserves up. Concentrate on SD and getting connections to major customers and the dominoes will all line up. We are CF positive. In the next year or so a special Divi would also raise huge awareness.

IMO

I know who's running the data room and I know it's busy. A close friend works for that firm but won't risk their career telling me any more, but they are busy!
I also know a certain contractor has pulled their tender for the very reason Jointhedots hypothesises.
Where does this leave AMER? Well each sp rise increases the 30 and 60 day sp average, so when a bid comes it will be considered in more detail. M&P's bid was based on a decent premium to our 12.9p average sp price, so I am expecting a mid 20's starting bid from a new co. I don't think M&P will come back as 2 or more others with a greater Columbian presence and deeper pockets will win out.

IMO, GLA

Cheers for the responses. It's definitely an interesting time both good and bad. It seems river and Merc have been selling for ages. I know they had a huge holding, but it would be great to get s comment from them. Or understand thier motives.

I'm prepared to be destroyed here as this will sound negative, but are river and Merc selling out now because they don't think any meaningful offer will materialise and the SP is at a ceiling, otherwise why not wait and sell out when a good offer comes in a few months??? Why suddenly sell?

Amer is my second biggest holding. Cheers

Very similar to IAE sale imo. Unfortunately lth's got stiffed a bit, but anyone that bought in, in the 6months up to takeover offer did really well. I will sell all my AMER holding at between 25-30p because life isn't fair and the much higher long term value won't be realised by the current P.I's.

I hope it is, but my limits are set and I hope it gets there this week. I do like the AMER story though.

GLA

AISC Iin 4th Q was$1677. 0z produced 17,895. Generous estimated sale price $1300 oz. So a $6,746,400 loss on 4th Q gold production plus any nasties they didn't factor into the AISC looks terrible. I'm pro HUM, and I know 4th Qtr is the worst and there was exceptionally bad weather, but I hope they can give us something positive over the next few months.

An article in the dailly mails 'this is money' on the weekend had an interesting piece about all the different central banks that are coming back into the gold market. For some such as India and Egypt its the first purchase of gold for 10 and 40 years respectively.
Buying is up over 8% this year.

For me that is a good sign.

IMO, GLA

I fully expect the life of mine to be extended to 13yrs in time which is why im amazed no private equity companies haven't already taken us private.

Its a cash cow and any puchaser could justify the outlay with virtually guaranteed return.

The last time gold was under $900 an ounce was over 10 years ago and adjusting for inflation gold hasn't been near our breakeven price in decades. Like others have pointed out our aisc means that if gold was to drop in price HUM is well positioned. If it rises, our gains are even better.

So a very shrewd investment case for a take over if you ask me.

But I am just hypothesizing. I do however want the SP to start increasing soon, or a divi plan. At the end of the day I want a return on my investment. I dont want HUM to generate lots of free cash for the BOD to do whatever they fancy, which is what many think they have done with the bunker hill investment.

We will see!

They are following the plans they set out to a tee. They are hitting their targets and dealines.

With reserves, production and cash generation all being increased and a good looking plan for next year I am hugely enthusiastic here.

I will be buying more when I can. Im just gutted I didnt invest more when we were in the 40's.

ALB
Mostyn

When this gets back to 450p im buying back in. Its happened for me twice already. Will I be 3rd time lucky in the coming weeks?

The way things are going. This share is seriously undervalued and a nid will be forthcoming. Im glad I've topped up.

Every gold mine on the african continent has armed guards DB. The government own 20% of the mine, so im happy they are providing some of the armed gaurds. A professional army at a fraction of what mercenaries charge. What a great deal. They also abide by the letters of the law imo whereas merc's are seen in a more shadowy light! DavidBrent, im not sure anyone cares what you say. You're very transparent.