Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Careful what you wish for haha
I agree that Q4 will be worse than you can imagine. However, I believe they are now mining the high grade Gonka deposit and have an extra excavator on site. So the hope is 2022 will be a different kettle of fish. There could be more disappointment, but equally I could see a case for this going up many multiples in the next year or two. A fair risk/reward proposition in my mind.
Does anyone else think the accounting review sounds a bit like a euphemism for, stop people knicking gold!
PROCESSING REVIEW
Plant sampling and metallurgy accounting review
Maintenance audit and gap analysis
So we are all calling BS on them being able to raise rates.
Pasafino is getting some live. I wonder when that news will drop.
Somethings going on here. Can sell a lot of shares, but can only buy 50000.
You'd like to think they are still well stocked after mitigating Covid related supply chain issues. The Q4 numbers are no doubt going to be awful. Dan sounded very dejected during that interview and was very keen to point out Yanfolila was only a part of HUM. I don't mind discounting Yanfolila to nothing at this price. The reality however is that it could easily be a negative. High AISC already means there is little room for manoeuvre if there are any issues which affect mining and contractors still need to be paid. The question is can they turn Yanfolila around this year and stay on track elsewhere. They are not exuding confidence. Does anyone know anything about the track record of this new COO? As always with HUM this is a high risk/reward play.
Assuming,
Special dividend from sale of Dugbe. Announcement of third project.
Turnaround at Yanfolila.
Second mine nearly online.
I am going to go for a year high of 36p.
For comparison endeavour acquired Kalana for $120m at PFS (see below). Will be very interested to see the DFS.
PFS INSIGHTS:
? Mine life: 11 years
? LOM AISC: $901/oz
? Average annual production: 150koz
? Initial Capex: $297m
? After-tax NPV5% & IRR at $1,500/oz: $331m, 49%
? After-tax NPV5% & IRR at $1,800/oz: $584m, 74%
? Acquisition price: circa $120m
? DFS due Q1-2022
I'll welcome any news you can find. The stability of Mali and the region is definitely a risk. For me the failure of Yanfolila is priced in at this level.l, so I only see upside if it delivers. Thanks.
How the hell does Bushytailed know my daily routine so well... Closes the bedroom curtains.
Bushytailed, that really made me laugh. Rebrand to playmobile mining inbound.
It would be good to have confirmation if Yanfolila is fully ramped up now. An extra excavator on site, good weather season and security from the army. I am hoping for bumper Q1 production numbers, most exciting assays to come, DFS at Dugbe to complete and construction updates from Guinea. It wouldn't surprise me if this is bottom and we see a strong bounce when it comes. Then again, this is HUM.
Let's not make things personal guys. Everyone is enitiled to an opinion on here. No need to start flexing at each other. I just use these boards as a sentiment indicator. It looks like sentiment is at rock bottom and we are due a bounce!
I agree that it is scandalous the directors haven't bought any shares. Why would they need to with generous salaries and 1p options. Yanfolila does look pretty crappy on all fronts. The new mine being built looks alright though. I think even with a negative value for Yanfolila the other assets make this look compelling value. It's a high risk/reward play, but a lot of risk is now priced in.
Sanioumale East is going to be a stoner when we get the reserves update.
Can anyone spread some light on this?
"The percentage of the Company’s ordinary shares not held in public hands is 16.13%."
Does anyone know if they are mining Gonka now? From memory it comes on stream around now. If so, does anyone have a link to the pit design or know the strip ratio? Their website doesn't seem to have any presentations now.
So if you pay tax every quarter, why single it out as if it's a reason for the big loss last quarter?
The working capital movements comment is even more worrying. I mean you have either made a profit or a loss. Moving around money affecting the bottom line sounds like fiddling the accounts.