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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
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.
I think NomZ has been watching too much 'gold rush' because thats what they do and they are basically artisinal miners. For them 3000 oz is a great year where as we do that in a few days lol. NomZ, Are you Tod Hoffman in disguise? Possibly the worst miner I've ever heard of! FSJ.....thanks for your posts. I enjoy reading them. HUM are a professional and responsible company both socially, economically and environmentally. We have great ties with current government (20% owners of Yanfolila) and opposition parties. We promote all things Malian with regards to our Mali operations and will mirror this in liberia. Quick or thorough research all point in the right direction for me.
Agreed, im invested in sou and sdx. James P. Sold me blinder and I bought in at 70p. Dont think I'll see that level again! The waters seem to muddy at sou when difficult questions arise, goal posts keep changing. Whereas in sdx we have an honest and calm board of directors who won't put us shareholders at any greater risk than needs be. I'd be keen for sdx to develop sou acreage, but not work with them. Im going to sell my sou holding to move all here, but if they get into bed together, I'll be off.
Just looked at it and we're looking at a 10 life of mine with gonka, but WITHOUT current exploration and Cora golds reserves (which will need to go through our processing plant and whom we own over 25% of). So despite the recent tragic deaths, the investment case is very strong. Life of mine will easily be extended to 15years +, low debt which will be cleared within 3 yrs and massive free cash flow on top. With assets in liberia and senegal (cora gold), M&A activity and cash in the bank. I have added a lot more HUM shares over the last few days. GLA
Thanks for the link BaysilHope. No debt, cash flow positive, drilling campaign targeting easily monetised oil traps with over a billion barrels of prospective resources to chase next year. So many different targets in proven areas. It all sounds good. The community programmes AMER is invested in too are great. We are definitely going to be a takeover target
Could be this well is like the verbier prospect JKX and statoil drilled. Nothing at first then the sidetrack hit big. We couldnt sidetrack far enough from the pad at Kelvin to reach the other payzones, so I believe there is a lot of life left in this zone yet. Our existing discoveries this year are more than enough to meet production targets and increases. No worries
Remember Wizzard, they were colleagues, not his boss lol. Great phone call. The short term SP should be in the region of 145p with the potential to go to 300p plus based on SDX's in house asset valuations. We are due a re rate