Member Info for twogoals

So apparently we are looking for a POG finish (US I’m guessing) above $1772 on Tuesday evening (10pm). If we finish above that, it will confirm a bullish gold SP run.
HUM POV. Tues is our final day of uninterrupted mining in Q2.
Looking forward to Q2 news in a few weeks & email replies from the company from our AGM questions.

Just added my final top up below 30p!!! Bring it on.

Could be an interesting week if true.

https://kingworldnews.com/alasdair-macleod-6-27-2020/

Also this:

https://kingworldnews.com/alert-gold-will-literally-skyrocket-if-this-happens-next-week/

85% precious metals for me and 15% O&G atm. You can tell I don't enjoy an easy life...

SP on the 20th July will be... a conservative 36p but soon after will be testing 40p.

It will be good news if they’ve agreed on a lovely divi for us long suffering shareholders.

Just looked at our new purchase, should we start a petition to rename ‘Bag Farm’ to ‘Multi-Bag Farm?

3 weeks until Q2 results is going to be the changer. Companies announcing tough Q2 & some reality will hit the main market.
HUM on the other hand will be announcing a record quarter, net debt free & a forward looking strategy.

Also looking forward to drilling updates around Yan to extend LOM.

Our time will be here soon!

Obviously been struggling with funding & ran out of money. This deal means they enjoy the upside of the mine along with Yan.
Looking forward to receiving an email from the company to the questions we asked the AGM. They said they would reply directly.

Can you imagine what the gold price will be in 2 years?
I really like how sensible they’ve been in selecting such a similar project to Yan!

Thanks for correcting me Jammer. Thought I was today.

Infact AGM started at 10am.

AGM is today. Not seen them publish the proposals.

I think it’s an option available to them already.

They said all questions that we put to them will be answered via email so 1. They know about our request for divi/ buyback 2. They will hopefully give reasonings for their decision.

29.21p to sell now.

We’ve had a great week of climbing. Once Q2 results volume arrives where do we think this goes?

For the next stop, I’ve had 34p in my head for some reason.

For anyone new looking for a gold producer during this GOLD BULL RUN.

Canaccord values HUM @ 52p when it was 26p & gold @ $1725 (we are already $50 up since then).

- Does not include any value for the transformative Kouroussa acquisition.
- Does not include any value for the Dugbe project.
- Does not include any value for exploration success at Yanfolila.

Upside inc.
“a year of life extension to Yanfolila would potentially add up to 10p/share”

“According to our estimates, for each US$100/oz change in the gold price, 2021E EBITDA would change by ~US$12m.”

https://canaccordgenuity.bluematrix.com/sellside/EmailDocViewer?encrypt=02566aef-a606-44aa-bc0a-5502d81c4c7b&mime=pdf&co=Canaccordgenuity&id=CA-InternalResearchDistribution@canaccordgenuity.com&source=mail

https://www.kitco.com/news/2020-06-23/Midas-Fund-scouts-for-smaller-gold-producers-with-favorable-ratio-of-share-price-to-cash-flow.html

"There is some risk since a producer with one or a small number of mines is less diversified, they acknowledge. So the Midas Fund tries to offset this by looking for companies with healthy free cash flow and low levels of debt.

As an example, William listed Hummingbird Resources, which has a mine in Mali, and Caledonia Mining Corp. Plc, which has a mine in Zimbabwe. As of this interview, Hummingbird was trading at roughly six times cash flow with several more years of mine life and ongoing exploration, William explained."

Jeez, we are cheap. This time next week Hum will have finished its most successful quarter to date with the gold price at an 8 year high.

I’ve got a feeling gold stocks are going to start to move soon. AGM tomorrow so we should get some replies from the company about our questions.

Re. divi I'm not too fussed about it atm but I certainly want to see this addressed going forward. A forward looking divi strategy for 2021 is ok with me.

Then again $5 million is nothing to HUM to offer as a reward to long suffering SH. $2m of that is coming back from Dugbe & I saw $400k came back from Bunker Hill loan. With POG increase, that's more than half of it there!
I also think that whilst borrowing is so low, why not take advantage of it?

I just cannot see 1400. Maybe when the banks had control of the Comex but that’s now gone. All dips are being bought into & will continue aslong the $ printer is running. Unprecedented debt & a fragile economy = a lot of people looking for the safe haven.
Q2 results / loan defaults will create the next leg up for gold. Can I see a quick dip below 1650? Maybe but it will be short lived and bought into.

What time will it arrive today? I'll go with 3pm.

Gold's looking strong today. Been bouncing off $1745. Fingers cross that's the new floor!

Jeez, imagine owning shares in a gold producer that is about to announce it's net debt free and that Q2 production has not been affected by covid.

52p value...
- Does not include any value for the transformative Kouroussa acquisition.
- Does not include any value for the Dugbe project.
- Does not include any value for exploration success at Yanfolila.

“a year of life extension to Yanfolila would potentially add up to 10p/share”

“According to our estimates, for each US$100/oz change in the gold price, 2021E EBITDA would change by ~US$12m.”