Member Info for Playboy007

I am going to buy some tomorrow, even though I promised myself I wouldn't.

You are most welcome. I am totally out now! Now need to fight against the conditioning to read this board haha.

Too much risk for me. Any operational slip and they look as good as bankrupt. Maybe it can do x5 from here if everything goes smoothly, but 1000 ounces poured from Kouroussa is just appalling. If they have poured more than this it should have been communicated. I've tried to contact them and as always they aren't interested in answering shareholder questions. It's just not worth the time and stress anymore.

I'll offload the rest over the course of the day. Enough is enough. Never again Hummingbird. Good luck to all you long suffering holders. I really hope you make some money out of this.

Just sold 400000 of mine as a 300000 and a 100000. I've had enough. Still holding some as can't get a quote for them...

Or perhaps twitter or something?

I was wondering if you had a personal email I could contact you on? Just looking for some input on a few things. Best, PB

We just need to know why Kouroussa is taking so long. If it is about to come online at anything like the numbers touted then HUM should do well. The drill intercepts were outstanding.

Next update is signposted on presentation as end of October.

At a glance it looks like the $20 million extra cleared the overdraft. If I recall that is another $20 million of contingency. They always stated a slow ramp up of Kouroussa, but it would be nice to know why!

In my opinion this is just as BillyBoy warned. People were proclaiming commercial production at Kouroussa was due any day. However, the company never guided this and sometime in Q4 is when it is to be expected. If they expect 30,000 for H2 from Kouroussa, this suggests we won't even get the commercial production news with the Q3 numbers. Assuming the company have guided correctly then Q3 is going to be tight, just as BillyBoy previously stated and if I recall correctly he said was alluded to by the directors at the AGM. If they navigate to commercial production at Kouroussa without a liquidity issue, I expect this will exceed the recent bounce to 20p in the near future. Personally, I am hoping for 30p next year, assuming current gold price. In my opinion gold may dip as the world enters a nasty recession, but expect it to bounce hard in short order, once the printing presses start up. GLA

God, early morning typos. *influences the price of goods.

I agree that the money supply influenced the price of good, including gold. However, there is still that supply/demand to consider.

Do you really think they would publish it if they were taking ounces? They just changed their cut off, or spacing, on the resource model. Seriously, people never cease to amaze me.

He is trying to say they are stealing the gold. Which in my opinion is absolute nonsense. Dan and Tom must be pushing 1 million in renumeration these days, as if they need to. This is just a case of more stringent parameters being used in the resource modelling. Which should avoid disappointment and expense down the line.

They implicitly said before their modelling wasn't good enough. That was put forward as part of the reason for the poor performance at Yanfolila. They said when moving to KE that it was their most reliable pit. They have a new company geologist now with a PhD. Better to write off the 40k than go chasing it and end up making a loss.

Pasafino up 25%

Surely nameplate production refers to DFS figures. Hence my eyebrow raise at steady state, which to me means anything which is constant.

Is that some sort of club I can join?

The nameplate/commercial/steady state terminology variation is annoying me. It does look like the pit needs to be a bit deeper to access decent ore, judging from historical drill holes. So I assume even at full capacity the ounces poured and AISC might suffer until into 2024.

I wonder why this project takes longer to ramp up than Yanfolila, considering they are touted as geologically similar and using almost identical plant. The fact they haven't mentioned how many ounces have been poured, which would be easy to do, suggests it isn't great so far.

Still, nice to know activity is plodding along.