Hummingbird Resources Share Discussion Threads

[wilco1000] 20/10/2016 13:31

Tempted to move some money from other miners into this stock, all of my gold shares have done well bar this one and given the progress over the past year I feel it's due a re-rate

[substp] 20/10/2016 07:33

The new videos are good.

[substp] 20/10/2016 07:30

Sept 30

"We continue to believe that securing the debt finance portion of the project finance for Yanfolila remains the next key milestone for the company — We have estimated that the company’s total financing requirement (including the capex and working capital requirement for Yanfolila, other corporate costs and the repayment of the Taurus facility) could be around US$110m. We expect that the debt requirement could be around US$40-50m."

[divmad] 19/10/2016 18:53

I can see both sides of the argument re financing, as a long term shareholder, longer than most of you. When I came on board Hum, the Taurus loan facility was deemed to be the way to go, until for reasons unbeknownst to us PIs, the refinancing dragged on and on, leaving Hum with little alternative but to equity finance the construction process at Yanfolia. Folk weren't complaining of that arrangement back then, nor would they if a longer term debt finance arrangement had been secured. With a 70% irr or thereabouts, Hum could easily afford to take on some longer term production based debt but instead went for a massive equity dilution. I'm not saying it was a bad thing, as the dilution was not severe, but the after effects of that large placing are still being felt in the share price Yanfolia can easily absorb some production based loan arrangement, is my opinion. Still, I expect the share price to reflect the onset of production late next year, assuming construction hoes to plan.

[pixi] 19/10/2016 17:51

I'm not buying either, most of my money is now on HOC and AAZ.

[charles clore] 19/10/2016 17:38

Laptop - I have quite enough already bought at almost half today's price thank you!

[laptop15] 19/10/2016 17:09

Agreed Charles, it will come good here especially when we get into the new year and closer to production :)) plus it gives u the chance to buy more while you wait without the fear of a heavily discounted placing.Still think we will be 60-70p minimum when we start production guys! I remember BKY had similar flat share price at 21-23p for a good few months now it's 50p and looking strong. Once we break through 30p it will continue upwards! Plus news will help get rid of the overhang.Good luck to all

[pixi] 19/10/2016 15:56

Gold up to $1271.

[charles clore] 19/10/2016 10:56

Divmad - would you rather have a debt agreement that bleeds the company of cash with high interest repayments and inflexible deadlines? That route to finance can be just as damaging as an equity arrangement. With HUM being potentially a mid tier producer its just a question of time and patience.

[pixi] 19/10/2016 09:25

Other miners dilute the hell out of the share price with constant placings.

[divmad] 18/10/2016 19:24

Hum made a big mistake going for so much in equity and not in debt.

[laptop15] 18/10/2016 18:54

Thanks for sharing :))

[substp] 18/10/2016 10:38

Many more pictures added to Hummingbirds Gallery... :-)

[substp] 18/10/2016 09:50

I didn't pay any attention until now that Sapinda Asia Limited was a Subscription Underwriter and was always going to sell back into the public. The dive in the £/$ ratio must have smarted. Being that they are under 3% now there is still a chance that they have/had @ 10million shares to dump. A lot could have happened though since Sept 27th which was what they declared last. It didn't say they no longer had any interest.

Lindine still needs to cover another @ $5 million for projects designated or the money to the company by the 30th of Dec. 2016.

I'm assuming these have all been hedged.

Still, the way the volumes have been it will take a long time before up to 26 million shares to be disposed of. I hope this won't hold back the share price with upcoming good news.

[charles clore] 17/10/2016 19:53

Given the general share price stagnation and the fact it is down today I can't imagine the 2m trade is anything but a sell.

[pixi] 17/10/2016 18:37

I think the bottom is in for gold and speculators have reduced their long/short holdings.

substp

Looks like it.

[substp] 17/10/2016 18:33

Is that a 2 million share buy?... :-)

[ukgeorge] 14/10/2016 09:30

haha, is the when the £ falls to 80cents

[pixi] 14/10/2016 09:06

This is Friday 13th so I don't expect any rally today, but I think its very likely very soon. The target is around £1500 oz next year.

[charles clore] 12/10/2016 20:45

I was hoping to see a PM rally this week or next.

[pixi] 12/10/2016 13:54

It looks like Hum is doing things just at the right time to take advantage of a higher gold price following these shenanigans with dumped paper gold on the market last week.

[gaaston] 12/10/2016 10:16

Very good !

[noirua] 11/10/2016 11:32

To view recent photographs of the Yanfolila site, please see the associated PDF.


-- On schedule and budget for first gold pour by end of 2017

Dan Betts, CEO of Hummingbird Resources, said: "We are now laying the ground work for our first gold mine in Mali with civil works having started. This is an important milestone for Hummingbird Resources as full scale mine construction has now commenced, and we are on schedule for our first gold pour by the end of 2017 targeting 132,000oz in the first year."

[laptop15] 11/10/2016 08:15

All seems to be going to plan here :)) great profits to be made with gold on a good run and will bounce back higher in the next few weeks!

[substp] 11/10/2016 07:44

good to see...:-)