Hummingbird Resources Share Discussion Threads

[bookwormrobert] 02/1/2017 12:48

I agree. But also I worry about the long term stability of Mali. (It's the reason I'm avoiding RRS, which otherwise is a fine company).

[spooky] 02/1/2017 12:00

If gold goes up these will go up a lot, if it doesn't then they won't. Fairly simple really :-o)

[rileyma] 02/1/2017 11:33

All helps, ,,

[hutch_pod] 01/1/2017 22:44

h t t p://www.telegraph.co.uk/business/2016/12/31/shares-bring-cheer-2017/Tipped here..

[janekane] 01/1/2017 19:45

10:29 - 35 of 35

and RRS might still be eyeing this 0ne up.

Sorry but can u explain please

[noirua] 29/12/2016 10:29

Looks to have bottomed out now as the long wait to production and low gold price takes its toll. Solid enough in Mali and RRS might still be eyeing this 0ne up.

[hutch_pod] 29/12/2016 09:51

A stream of buying..

[rarelypost] 28/12/2016 10:31

hxxp://www.4-traders.com/AUSDRILL-LIMITED-6500484/news/Ausdrill-AMS-Awarded-Yanfolila-Contract-by-Hummingbird-Resources-23618439/

23 DECEMBER 2016

AFRICAN MINING SERVICES AWARDED YANFOLILA CONTRACT BY HUMMINGBIRD RESOURCES
Diversified mining services company Ausdrill Limited (ASX: ASL) is pleased to announce that its wholly owned subsidiary, African Mining Services (AMS), has been awarded a contract to provide mining services at the Yanfolila gold mine for Hummingbird Resources.

Hummingbird Resources is an AIM-listed West African gold explorer and developer, with its key project being the Yanfolila gold mine, located in Mali, West Africa, where mine construction is currently underway ahead of its first gold pour in 2017.

The contract is for a term of three-years, with an option to extend by a further year. The contract is expected to generate approximately US$112 million (AUD$147 million) in revenue over three years, with mining anticipated to commence in the second half of 2017.

AMS anticipates it will employ approximately 450 personnel to complete the works, the majority of whom will be local. The project will require capital expenditure of approximately US$38 million (AUD$50 million) for the acquisition of new equipment.

Ausdrill's Managing Director, Ron Sayers, said: "We look forward to working with Hummingbird Resources to achieve its goal of developing the Yanfolila gold project, and then running it as an efficient, low cost, high grade open pit mining operation. Ausdrill's 25 years' of experience working in the West African gold sector means we have the track record and know-how to ensure the delivery of a safe and profitable mining operation." Hummingbird Resources CEO, Dan Betts, said: "Appointing AMS as our mining contractor is another major milestone for Hummingbird and it represents the single largest contract the company will sign. AMS has an excellent reputation for high quality work and an exemplary health and safety record; they have a wealth of experience with over 25 years' experience operating in West Africa and I am delighted to embark on this partnership with them. Mine construction is progressing well and we are on track to start production from Yanfolila on budget at the end of next year."

About Hummingbird

Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company. The Company has two core gold projects, the near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia. It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. The high grade gold project has low operating costs of US$695/oz AISC with 132,000oz of first full year's production.

The 4.2Moz Dugbe Gold Project in Liberia provides Hummingbird with excellent development upside. An optimisation of the DFS is on-going whilst Yanfolila is brought to production in the near-term. Additionally, the Company has 4,000km2 highly prospective exploration ground in Mali and Liberia and is constantly evaluating new quality assets.

About Ausdrill

Ausdrill (ASX: ASL) is a diversified mining services company. Since its formation in Kalgoorlie in 1987, Ausdrill has grown significantly and now has operations across Australia, Africa and the United Kingdom. Ausdrill is a leader in providing services in contract mining, grade control, drill & blast, exploration, mineral analysis, procurement & logistics and manufacturing. The Ausdrill Group employs over 4,500 staff worldwide.

[hutch_pod] 21/12/2016 11:31

Things would rapidly turn around i suspect if gold broke even $1200 let alone $1300..

[au24] 21/12/2016 10:00

Just as well I ignored the Daily Mail buy rec when the share price was a lot higher. These experts are really just guessers like the rest of us are.

[pixi] 19/12/2016 09:19

2020 = minimum $5,000 oz.

[vatnabrekk] 17/12/2016 22:52

Like Rip Van Winkle, do you mean? Except that was 20 years. He probably got a better return over 20 years!

[jimbowen30] 17/12/2016 12:01

Think long term guys. Maybe best to go to sleep and come back in two years!

[vatnabrekk] 16/12/2016 17:50

When I look at my portfolio, I have clearly invested in absolutely everything far too early!

[divmad] 16/12/2016 17:45

Join the club, Charles!

[charles clore] 16/12/2016 17:42

The thing is, I am beginning to get the distinct feeling that, although this is a first class company and the mine will make HUM a world class junior producer, I invested here much too early. Perhaps June 2017 would have been a better entry point than April (sorry, edit - Feb) 2016! Having said that, it's amazing what a PM rally would do for the price of a quality outfit, as it did last year.

[pixi] 16/12/2016 10:14

sleveen

Be my guest. If you miss anything out, I'll let you know!

[sleveen] 15/12/2016 16:33

pixi

Do you mind if I have a whinge about POG, if it's alright with you that is?

[divmad] 10/12/2016 09:23

There's no herd here yet, pixi. For that you will need gold at $1500 and hum near to first pour. Be patient still, like I have been since last year.

[pixi] 10/12/2016 08:40

If you think these sells are buys (when everyone else has been selling) then you are deluded. Gold has fallen hundreds of dollars from $1375. They will carry on selling next week until they have cleared the decks.

We've had people on here before who have been whinging about when are we going to get the funding. We have got the funding, as we always knew we would, so what are you going to whinge about now?

I preferred it back in November 2015 when hardly anyone was here and the board was peaceful before the herd turned up.

[sleveen] 09/12/2016 09:30

Just done a dummy buy/sell, those 19.125 buys are in fact sells.