Member Info for ngnlnv

That will be good news if they are below 3%

Gosh half way through Q3. My target for POG at $1800 through the quarter s well intact. Currently$1965) Yes I know we sell at a discount to POG but still looking very positive. Hopefully AISC will continue to come down again this quarter. We now have two bridges and an airfield so the rainy season is not as much of a concern as in the past with only one access and egress point. More countries being added to the quarantine list, indicating this Covid is not going away just yet. How will the economy recover, in a straight line up? Not a chance. One lesson the market has had to take note of is the paper gold sales far outweigh the physical gold available, and so much more requests to settle with delivery of the physical has and is taking place. A lot more hoarding of the gold now and in the future imo is going to be the norm. Will the world currencies go back to a gold standard? Who knows but a lot of influential countries seem to be preparing for that very scenario. To finish on, apparently POG has still not reached its past highest level if adjusted by inflation. Just think about that for a moment. Then think really hard about the climate we are in. Now ask yourself " which way do you think the POG is going" then place your bets accordingly. Good luck with that.

Thanks for your efforts Rich.

Gold closing on $1960, way above my $1800 figure for calculation. Long may it last. As I said all indicators/factors are showing gold to continue to rise for the foreseeable. As they say "nothing goes up in a straight line"

You promised me Santa last week.;-(

Gold at $1940 HUM SP less than a mud field
The world in financial chaos. Markets increasing in value when companies are laying people off, winding up. Going bust and being valued more than before the pandemic kicked in. Smell a rat anyone? Go figure.

Good post visitor, something else positive to dwell on. Cheers

Should make approximately $54 million this next quarter at $1800, I know we are managing to stay above $1900 but let's be conservative.
At AISC of ,$980 will give us just shy of $25 million to pay down loans etc. If the POG has its breather and then rises to predicted prices and the main indicators still point that way. Then HUM will be net debt free and regardless of any new taxes will be a hell of a good investment with assets now in two other countries. I'm staying.

Lol, yes glad you saw through me. That was the sketch that sprang to mind. Good to watch it again.

Yes you do;-)

That's ok, just thought you added two lots. Nothing wrong with that;-)

Morning chaps,I repeat if the POG stays above $1800 then it is all gravy.
Look at the figures for Q2 and if we go through Q3 with an average sell price of $1800 then those figures are smashing the Q2 figures which where good positive numbers anywho.
I too think it is a known practice of taking profit and a subsequent pull back in the gold price. Particularly with such a record rise in a short space of time. We are not alone, other gold miners have not seen the benefit of a decent rise on the back of POG, but we are seeing a disproportionate drop with the pull back. Have a look yourselves. Imo all good just a blip.

Can't remember the value we were given by the broker to hen we were at 39p S a mud field but yes to value us at the time we where a none producer and now we are a producer and all our new assets and the high price of gold. Should be way higher. I have yet to be invested here and see the broker valuation realised. I could make predictions on value for 3years and get it wrong all the time too. Should I start a broker advisory service;-)

I agree that is where should should have got to on the gold rise alone.

I don't think that's it Lesser, as other gold miners as I say have also not seen the rise that we have not too.

I am an avid follower of the POG, however HUM and other miners have not yet seen the benefit in their SP of the recent swift rise in gold. It's just not being factored in. I guess as many tell me, it will rerate. I live in hope.

Most of the metals down this morning after overnight trading not just precious metals. If we can stay above $1800 on a pull back all is good. Let's remember we did not expect to be at $2000 plus this early in the year, and the long term outlook points to much higher prices. I for one believe that is the case. I can be wrong on occasion. Ask my wife;-)

The price isn't being kept down much, so that friends can buy another half million shares at favorable rates. Is it?

Can't believe we continue to bob along the bottom at these prices, I suppose we just need some news on further financing and then sit back and watch it lift off.

I'll go none conservative and say a pound.