Member Info for twogoals

Interim dividend last year was US$16.9m (2.3 US cents per share).
· Today’s Interim dividend is 9.90 US cents per share, totalling US$73.0m.

Paid on 15 September 2021 to shareholders on the register on 13 August 2021.

HUM has £10million gbp in bank/gold. Therefore a Fully paid off Yan with significant drilling results to be added to 7 year plus mine life… Own another similar potential mine in a separate country that can double production plus a 50% of Dugbe & Bunker Hill investment is all valued at £65milliion???
All amongst the back drop of the highest inflation since the 1970’s? Our time has to come…

I guess if your sustainable you’ll be shorting this until you know you’re finished?
Isnt there a website that states who is shorting certain stocks?

Yep, has to be the dregs of sustainable (it's been a low few weeks of volume). Today was the best volume day since the 7th July.
Isn't today a delivery day for gold contracts and also the FED meeting notes so hopefully we can get some positive gold news soon...

Exactly Aimsurfer. Just delay it or sell bunker hill if they’re that desperate.
The last build was broken down into 2 loans anyway so no need to rush anything.

Silver

• Quarterly attributable silver production of 14.9 moz (including Silverstream), up 17.9% vs. 1Q21 driven by the higher than expected ore grade at San Julián Disseminated Ore Body (DOB) as a result of the positive variation with the geological model. To a lesser extent, the increased tonnage milled at San Julián DOB and a higher ore grade at Saucito also contributed to the increase in quarterly attributable silver production.

Hum is now not paying any debt back now so by the end of Q3 we should be closer $25m in the bank and gold inventory as we paid $4.7m in the last quarter to finish it off. If we are going to hit our yearly production targets and gold stays around here we could even be closer to $30m!

A lot has changed in the positive for HUM. Another month has passed now so they'll have $16.5million by the end of the month and improving $4m (minimum) every calendar month going forward. I just cannot see 1. why Coris would withdraw it 2. why HUM could not get similar funding elsewhere.
My point is it's the intention of HUM to fund Kourroussa this way which some were trying to suggest it was not. Cassidy probably made an agreement on this as part of the sale otherwise they would be shooting themselves in the foot.

The intention of funding is there black and white.

“Estimated capital development cost of circa US$90m for plant construction, mine development and all associated infrastructure.
* Letter of Intent from the Company's West African Bankers, Coris Bank International, to provide up to US$100m for the development of Kouroussa as deemed necessary and according to the company's funding strategy, subject to due diligence and credit committee approval.“

As Dan pointed out in interview was maybe not a dig at Cora (I know I may have phrased it that way) but making a valid point that hum are adding good drill intercepts that will literally be drilled a year later. For Cora they maybe finding good grades but are always 2 years away from getting it out the ground. The market really needs to respect the difference when we release grades.

My biggest gripe atm is that HUM socials didn’t share or like the bloody vox interview. How lazy is that?

Yeah, Dan did say that. They must have learnt so much in the Yan build (that they completed on time/ budget) so this mine should be less of a risk now.

It took them 3 years to pay back the last loan. This loan for a similar amount of money would take them much less.

Did anyone else notice the small dig at Cora? We are just as much of an exploration play but with the means to drill it.

COO Anthony Kocken stated that he expects the same high throughput at Yan this quarter with increased grade. So seems as though they have got off to a good start 3 weeks into this quarter.

Good interview: https://www.youtube.com/watch?v=WNKomYxRfys

We're looking at roughly $100m - 110m for the new mine?

18months from now to completion and we could have $70million ($12m x 6 quarters) in the bank in that same period with the majority of big costs to be paid near the completion of the mine. At this low price I just do not see why they would equity raise. Rather than equity raise they might be better off delaying the build to raise up the money?

I assume they’ll get the same if not better deal with Coris bank again. This is from 2017 & we’re in a much stronger position now. $60m total loan but taken out at different times. If pog improves then the second amount will reduced.
“ US$35 million balance drawn from Debt Facility with Coris Bank International

· Follows initial US$25 million drawn on 11 April 2017”

Ok volume today but the last week has been poor. Think it’s slowed down sustainable’s exit but they can’t be far off after today.
$35million by year end is a decent chunk towards the new mine. They might only need a $30-40million loan?

Can Lisa lend me some money so I can buy more HUM?

Doubt it will be mid August. Early August at worse. The way the calendar falls this year it could be the 28th/29th July or 4th/5th August is my bet.
Previous 3
19th July 2018
2nd Aug 2019
5th Aug 2020

So let me get this straight. With the transfer of Cassidy shares complete we have bought a brand new mine with an original value of 28p per share and we’re currently at 21p. That’s 25% discount for us atm. Time for this to move up next week!

19th July 2018
2nd Aug 2019
5th Aug 2020

So anytime in the next 10 trading days is my guess.

Big jump in bank balance expected due to paying off the final £4.6m (normally £8+m a quarter). We’re now 2 weeks into our first ever producing quarter without debt repayments. Gold bounced off it’s lows!