Member Info for turnkey17

Lots of chatter as to whether gold is peaking. I am not an expert, I don't think it is. But it is irrelevant.

EVEN if gold only stays at 1800, junior miners are ludicrously cheap. I would include HUM in this discussion along with Shanta. We are talking EBITDA multiples of under 2 and free cash flow yields of 30%+. Large cap miners are on 7-10%

That is what gives me so much confidence in buying even if the share price has rallied hard already. At 1800 this is worth at least 25p. At 2000 its worth at least low 30s pence. And if gold for some reason goes full out bull market towards 2500 then we are talking 50p IMO

DYOR. Valuation is on our side here!!

the cash generation of Shanta will be going through the roof. Should be at 200m market cap

The sort of comment I'd expect to see if the share price was at 12 month lows : )

Double dude. The VALUE of a company is its discounted future cash flows. An impairment of something the market attributes zero value to DOES NOT change the value of said company. You're clutching at straws.

I am comfortable. They have nothing to complain about. Acacia were in Africa since 2010 and did tens of thousands of metres of drilling! There's nothing suspect at all on the face of things. It is still a prospect not mine-ready so if they want their share they 'll want it when it's closer to production, not now. The market is not pricing in the deal going through (oi even pricing Shanta correctly anyway!!). The competition authorities and other major requirements have already been cleared

Dude. Who cares if they even write down the VAT receivable? The market does NOT expect them to get it back, AND it would be a non-cash impairment. I.E. it makes NO impact to the cash flow of Shanta or the adjusted figures they would provide.

Controversial opinion. I think Tanzania is going to be a more stable place to do mining business in the next 5 years compared to much of West Africa

Why? The Acacia and Barrick events are catalysing real on the ground reform. They want to be an attractive place to do business and Barrick (a proper company) are now helping them to get their ducks in order.

I think gold producers will start to trade on a 10-14% free cash flow yield. What share price would that put Shanta on?

is rocking and rolling! Added some SHG to diversify this afternoon but well done to us who were long and strong in the high 20s here!

It is still cheap. I can see this doubling again over the next 5 months

OK I'm in! It's gone up a lot but seems dirt cheap

I looked into the Kenya stuff and it seems pointless. Acacia have been in Kenya since 2010 so not much to cry about

https://allafrica.com/stories/202007310502.html

Pressure is mounting on the government to explain how a UK company was awarded exclusive mining rights in western Kenya where gold and granite reserves have been discovered.

Several leaders from the region among them Amani National Congress (ANC) chief Musalia Mudavadi, his Ford-Kenya counterpart Moses Wetang'ula and Sabati MP Alfred Agoi have sought details about the gold exploration and how Acacia Mining acquired mining rights.

really looks like it wants to go to ATHs :)

Fingers crossed

Hi everybody. Just came in to reflect on today's acquisition. I think it's a very shrewd deal and a lot better than Dugbe for us to move forward with. With a bit of time and luck we can get to the promised land!

The strong gold price during the year only made this large project more attractive, adding opportunity and optionality to Hummingbird's portfolio; and it will be a core strategic goal of the company in 2020 to find ways to unlock the huge potential value of this project.

COVID to put AISC in line with last year

Production guidance maintained. Net cash in second half target still a go

Of particular note is the outstanding drill results coming in from our 2020 exploration drill programme. These holes are intended to prove up underground resources at Komana East and also target new greenfield anomalies. No new targets have been drilled at Yanfolila since 2012 and so it is particularly gratifying to see the intersections at the Bolobi Coura target, prioritised due to their proximity to the plant, looking so strong. Whilst one sparrow doesn't make a summer this is a great start to the 2020 exploration programme and we look forward to providing further updates as they arrive."

Komana East Underground Deposit

- 4.3m @ 6.51 g/t from 300.7m depth (KEUGDD001)

- 2.55m @ 6.16 g/t from 254.9m depth (KEUGDD003)

- 3.13m @ 4.21 g/t from 285m depth (KEUGDD003)

- 4.82m @ 10.56 g/t from 289m depth (KEUGDD004)



Bolobi Coura Deposit

- 4m @ 5.81 g/t from 16m depth (KBCRC0003)

- 4m @ 16.90 g/t from 57m depth (KBCRC0003)

BEAT on adjusted EBITDA. $46.3m vs expectations for $40m. Great exploration drill grades!

https://www.investegate.co.uk/hummingbird-res---hum-/rns/2019-audited-final-results-and-exploration-update/202006030840278019O/

Tiger please apologise so we don't have this nonsense out of spite going both ways. I don't want Rowka to get banned because he is just responding in kind to presumed negativity elsewhere but if anyone is going to go on a deliberate misinformation campaign then I will absolutely report as such.

Why did you do this to cause Rowka to post this on the EUA board?
"Has no position here, he's just well one of those.

Whilst we wait for the suspension to lift we should have a little fun by going over to the HUM board and spraying about a healthy dose of negativity.

Now I dont go in for these childish games normally, but you know what they say, what's good for the goose is good for the tiger lol

See you on the HUM board mate"

No idea who is being an idiot and trolling other boards if anyone is to cause this.

Rowka you are treading a mighty fine line. Raising rumours about a placing for zero reasons is mighty close to market abuse (which is ILLEGAL) when you know you have no basis for it. There was not cash burn in Q4 2019, so that is also a lie.

Tread carefully.