Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Dan has stated no equity fundraise is necessary for Kouroussa with be funded by debt and yan free cash flow.
Re: Dugbe - I imagine pasofina and hummingbird will continue to prove up resource and then farm down their interest to a major as neither has the market capitalisation to fund the capex required for such a large scale project. That is what I’d personally and see it all the time in oil sector.
Madness this valuation right now IMO - given projects in situ, rising gold price, stable dollar, great PR to back up recent solid RNS’s - not sure what more the board can do! I suppose “good things come to those who wait” has never been more prevalent! Hopefully Q2 update for Yanfolila blows this share price up
Nice! So through mutual association they know people at huge mining company endeavour - not imminent and purely speculating, but who knows one day we could be bought out for our SMO desirability
Hey Two Goals
We know about AISC - it has gone up as we are at the high part cost of sustaining mine performance and will reduce back down, plus production levels have fallen so costs get spread out against less ounces sold - hope that helps!
Dan took the decision manage mine to blend ore now with gold price so high, should it decline we’d have a buffer in future years - good management in my mind
But, Naturally AISC will always rise with consistent production as YOY cost inflation ie staff pay rises, fuel etc and so on. Hopefully gold price follows trend in normal times.
Deutsche Bank sees $1,850 spot price by mid 2022 - I’ll be happy with gold hovering around that price over next 12 months - would allow for high consistent cash flow generation from Yanni
https://www.kitco.com/news/2021-06-29/Deutsche-Bank-see-some-moderate-upside-in-gold.html
Excellent podcast - great communication in-line with permitted regulations, being open and honest as always. People may disagree, but I personally think Dan has/does a cracking job and his strategy will soon bear fruit for shareholders in next 3-5 years. In the words of take that “have a little patience”
Huge forecast there. Look forward to the updated MRE later this summer. I assume we will farm down our ownership % to a major in order for them to fund capex. Better to have a little slice of a big pie than a big slice of a little pie - oh wait Mali works too. Another strategy of DB looking more likely at paying off day to day.
It is only down today because it has gone ex div
It has gone ex div today - hence reason for the drop.
Let the market catchup - personally I’m enjoying adding at these levels.
Last quarter of loan repayments and not a full month from memory - so plenty of free cash to pay Cassidy in cash should they wish!
Not necessary - he is doing a great job.
Aware of market perceptions and working hard to address. Make company a multi mine, extend life of Mali mine.
Vote for dan, not against from me.
Even with gold price falling - at forecast AISC let’s not kid ourselves this is a highly cash generative business of nigh on $45 million per annum. (1800 - 1350 x 100,000 ounces) Allowing for cash investment in exploration - kouroussa acq and dev - central costs - bunker hill investment etc etc
If you look in the annual report - they give you the calculation for the AISC
Given the issue price of 28p - I wonder if they are either going to change the issue price downwards or renegotiating for a cash deal.
Refer back to Dan’s latest video interview where he clearly states on record that the construction will be funded by debt and yanfolilla cashflows and no equity raise.
Dan has always stated construction will be funded by debt and supplemented by cash flow from Yanfolilla (now that debt is paid) Even in his most reason video interview. All genuine long term holders knew the initial acquisition of land was being acquired by way of share issue. So no scare mongering needed here!
Fantastic news - another huge step forward for Team Hummingbird.
Large buy for personal investment! This gives me comfort in my buy in earlier today. 5.6% annual dividend too. Not getting that on cash in the bank!
This gold price is popping - I assume people moving cash out of cryptocurrency to safeguard their gains. All good news for hum!