Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've got to ask why do you think that the gold price is going to increase later in 2022? A lot of the major banks are forecasting a lower gold price some down as low as $1500 as interest rates start rising. I get inflation risk but inflation is here with us now and it doesn't seem to have impacted the price of gold over the last 6 months so why will it in the future?
I agree. I also think this is the last bit of bad news to come out now. With a new excavator being delivered in the next couple of weeks it should be improving for the start of the year. So for me it is positive news. I was getting concerned for cash flow and wondered if that was a reason for a lack of results on the drilling campaign. I honestly can’t believe that hum don’t own their own equipment and totally reliant on the mining contractor. I hope that they do a proper review on how to move forwards with them for next year!
According to the RNS
"All employees and contractors have been safely accounted for with national Mali Government personnel remaining in place as the Yanfolila Mine begins ramping back up to normalised production levels."
So do you think that by "normalised production levels" we could assume that would mean the excavators are now mended and fully functional?
I guess my question really is will I personally get a vote and will I be eligible for the 42p offer. If all our shares are bundled together then they will clearly exceed the 500,000 limit. If I am eligible then I will probably wait to see how it unfolds but if I'm not eligible then I would not want to hold shares in a private Ukraine company and will need to sell before hand.
I guess my question really is will I personally get a vote and will I be eligible for the 42p offer. If all our shares are bundled together then they will clearly exceed the 500,000 limit. If I am eligible then I will probably wait to see how it unfolds but if I'm not eligible then I would not want to hold shares in a private Ukraine company and will need to sell before hand.
I hold my shares in a Hargreaves Lansdown ISA. I have not been in a situation like this before. I know I can’t hold private shares in the isa so will have to bail out at 42p. But can anyone tell me how this will work practically. Will I get the voting forms through to me personally with my nomination or will it be wrapped up with all the Hargreaves and Lansdown shares in one big bucket? Apologies if this is a basic question, just not been in this situation before and would like some clarity if anyone can shed some light on this.
I think its a little optimistic as multiplying the current cash (due to the bubble in gas prices) is not realistic in moving forwards. My calculation would be to add a further £35M to the market capitalisation of the company based on your share price as of 30/6/2021 which is an additional 20p I think (£35M / 175M shares = 20p). So share price around 50p. This is probably a bit too pessimistic as the bubble will likely continue up to the end of Q1 2022 for then maybe add another £20M then share price might be around 60p at the end of Q1 2022. So based on your cash assumptions my assessment would be somewhere between 50-60p.
https://www.**********.co.uk/articles/hummingbird-resources-discuss-the-extremely-exciting-drilling-results-at-kouroussa-q3-operational-update-a4592a4/
It may have been possible if the issue had already been sorted at the start of q4 but we are nearly 1/3 through already and the issue isn’t sorted. So I don’t think it is possible to achieve the annual guidance
I think for me the concern is that there is no clear indication that the issue is resolved. So nearly 1/3 of the way into the quarter without resolution. They aren’t going to meet the annual guidance and I think they know it. That’s galling for me.
Can't seem to buy any at all at the moment!
@SR123 could you post a link to where you are following the Ukranian gas prices please?
I think net cash will be a bit less than that to cover off the difference between the current assets versus current liabilities as per H2 report. It could be as much as net cash staying the same if they clear a lot of the liabilities. Assuming they are payable this quarter that is. Just preparing myself…