Hummingbird Resources Share Discussion Threads

[wassapper] 24/1/2018 16:36

Indeed Chip.

[chipperfrd] 24/1/2018 16:18

Unfortunately although the USD has dropped (a lot) relative to Gold, the GB£ has actually risen even more relative to the US$.

Hence, Gold is currently down £7 (-0.73%) per oz.

So although HUM may well do better in USD terms, it's EPS in £ terms is no better. For UK-listed producers we need the Gold/££ ratio to improve.

[croasdalelfc] 24/1/2018 16:00

18 month high for gold , it would be nice if it climbs to 1400

[mustbefunny] 24/1/2018 16:00

I guess the share price isn't related to the price of gold!

[pecker1] 24/1/2018 15:08

Thanks Chip, yes they are very forthcoming with info for shareholders. Let's touch base in a few months - hopefully richer!

[pecker1] 24/1/2018 14:40

Charles,

Thanks, hope you are right. Read a very good piece by Rick Rule in which he thrashed the gold miners for losing many billions while the price of gold rocketed. He now says the miners with new management are behaving more like a real industry that values free cash flow etc. Trouble is many institutional investors not surprisingly deserted the miners and have yet to return. Opportunity knocks!

[pecker1] 24/1/2018 13:44

Chip,

Have watched HUM enough now and bought in over the last few days. Think price is subdued as the build up to full production is usually the riskiest time as things can go wrong/need tweaking etc. But think downside risk is small compared to the upside as HUM is highly geared to rising free cash flow with the rising POG. Fingers crossed!

[croasdalelfc] 24/1/2018 11:34

Gold has crept up 7% since first pour on19th Dec - now at 1347.If Jan is averaging 75% capacity then surely that's 7.75k ozs in Jan.Or $10m revenue

[au24] 23/1/2018 17:11

Pog well up.

[charles clore] 23/1/2018 16:14

Maybe the stock is not exciting enough for some and they sold?

[squash90] 23/1/2018 16:04

Why the drop ?

[divmad] 21/1/2018 06:14

You would think with Sprott as a shareholder, the Tse listing issue would be resolved by now, one way or another. Their counsel is vastly superior to anyone's on any uk bb.

[ukgeorge] 19/1/2018 13:54

the problem now is to list on tsx they would have to buy or merge with a company or issue a load of new equity neither of which sound very appealing.

[rileyma] 19/1/2018 13:41

That very matter has been brought to there attention,
hopefully now in production they may action it

[wassapper] 19/1/2018 13:33

Perhaps HUM may consider a listing on TSX in the future. As a producer the market would love them.

[croasdalelfc] 19/1/2018 12:33

Thanks GeorgeAn interesting retweet from Cora Gold:https://twitter.com/fsjamescampbell/status/954324886746488832

[ukgeorge] 19/1/2018 12:16

Croas the big players in SA are heavily discounted compared to international peers.
Due to the list of problems associated with SA. Caledonia is in Zimbabwe, hence the discount.

West African miners tend to be treated by the mkt quite well.

Eg rand gold, semafo, etc

Hummingbird are still very risky until we are in commercial production. We are also listed on Aim so will always struggle to get a valuation similar to Canadian listed equities.

[fsawatcher] 19/1/2018 12:03

gold gonna go to 1600 coz cryptos gettin dumped

hum goin be 100p

[croasdalelfc] 19/1/2018 11:59

I wasn't cross ramping Caledonia as I don't hold but was wondering do All African gold producers get heavily discounted except the big boys in SA.

[jimbowen30] 19/1/2018 10:07

Well I’ve just bought another 42,800. HUM is a quality stock and once they reach commercial production I expect a substantial re-rating.

[ukgeorge] 19/1/2018 09:16

looks like we are going to be stuck in this range until commercial production is reached.

[qs99] 18/1/2018 20:05

As a long standing "HUM"er I like the sector and will take a look at CMCL but also look at SHG thread and CEO's interview link....really interesting IMO / DYOR and I have topped up onto a big old stake already

[risa5] 18/1/2018 20:02

CD SLP may be a better bet than CMCL in comparison no divi yet but that may change.