Member Info for Playboy007

· 30,282 ozs of gold poured in Q1 2020.
· 24,575 ozs of gold sold in Q1 2020.
- 11,000 ozs of gold inventory on hand (2,900 oz at end Q4 2019).
Hang on a minute 30,282 + 2,900 = 33,182
33,182 - 24,575 = 8,607
Where did the extra 2,393 ounces come from?
Got to love HUMs accounting.
In reply to the perma bulls, it's going to take me some time to exit my position here. I am not attempting any type of ramp, just discussion. I don't appreciate being told what can and can't be posted on a public forum.

FYI
https://www.spokesman.com/stories/2018/dec/16/reviving-the-bunker-hill-company-betting-on-histor/

I would welcome a takeover bid. My preference would be new management. I can't believe the institutions put up with Dan. I've been here longer than most and I am certain Dan is the problem. Doesn't look like he is going to go or change his ways any time soon. So I am now looking for my exit. When I can get a quote...

I just looked at their share price... down 25%...

Can't even get a quote on my shares now... Pfff

30,282x693 = $21m
So G&A is $4 per quarter.
Plus 1p options.

I see the Net debt change as $26m in Q4 to $9m in Q1. So they made $17m profit for the quarter.

I thought it was OK. Gold was a little lower than I had hoped. AISC is higher than I imagined, but perhaps this is due to tailings, airstrip and exploration. Not sure what they include there, does anyone know? My main concern here was the statement on Bunker Hill, if I read it correctly they have parted with more cash? But not participated in the Cora raise. What the hell are you doing dodgy Dan?!?

Plenty of shares available today. Crazy!

Even majors like Anglo Gold Ashanti and Gold Fields are hitting 20% gains today. Our time will come. Time to top up.

If the market trusted Dan to distribute the profits to shareholders we would be at 50p already. He clearly still envisages some sort of empire and his track record in M&A speaks for itself, i.e. it terrifies me! I would expect him to announce a dividend in the order of the drilling budget i.e. 15% FCF. The elephant in the room is, if everything goes to plan, what will Dan do with the remaining cash. Cora could be OK, but we all know we likes going off-piste!

They previously stated:
Targeting net cash position in H2 2020
Debt free by the end H1 2021

With the improved economics you state, it is conceivable that they are in a net cash position in H1 2020 and as far as we know H2 2020 at the latest. There is no point in paying off the debt sooner, as they will be penalised for early repayments.
Previously Dan has stated he will assess how to reward shareholders in 2021. Presumably he wants to pay off all the debt and have a cash buffer for contingency. As things stand he might find himself in a position to reward shareholders earlier than he had planned. Towards the end of this year, or the beginning of next, I am hoping HUM will announce a dividend. For now, I'll be happy if they maintain current profitability and don't waste the cash on some folly.

Did you factor the strengthening dollar into that? More significant than POG rise recently when you consider that we report profits in sterling.

The thing I lack least about this stock, lack of liquidity. The thing I like most about this stock, lack of liquidity.

Fingers crossed on that. In other news the Swiss refineries have been given the go ahead for a limited reopened. Good news in my book.

https://www.bloomberg.com/news/articles/2020-04-05/gold-s-supply-squeeze-should-ease-as-swiss-refineries-reopen

Mines are being shut around the world. It would be insane to announced a dividend or buyback now! Buy essential stock in bulk and protect employees is the name of the game. If we get through this unscathed,as I hope we will, then it will be time to talk about rewarding shareholders. In the meantime, mitigate risks and pay off debt! Exactly what they are doing. For once I am glad Dan is in change and not this board!

I was just looking at the Excellon Resources presentation and they have an interesting slide on recent performance of gold mining companies. The only sub-sector with negative returns is junior gold producers. A quickld Google of the AngloGold Ashti share price will support this. It is well documented that junior lag the large cap producers in a bull market, but ultimately outperform them. Our time is nigh!

Just looking through your share choices ngnInv. Some very interesting choices. Biodegradable plastic and super-capacitors definitely look like good growth plays.

Interesting comments about reagents. I wonder where they are sourced from. Anyone know how long stocks should last on site or what that supply chain looks like atm?

Agreed Dropinmonkey.

https://en.wikipedia.org/wiki/Demographics_of_Mali