Hummingbird Resources Share Discussion Threads

[rhuvaal2] 23/2/2018 16:33

most gold stocks are currently unloved: once the scenery changes we'll see some meaningful re-ratings and across the board too.

[ukgeorge] 23/2/2018 12:04

It's sooooo quiet

[ukgeorge] 21/2/2018 16:18

I hope they achieve it. But from covering the gold sector for a number of years I will remain skeptical (like the market is) until they prove it.

[bookwormrobert] 21/2/2018 12:02

UK George - just to point out that in the latest presentation the company is predicting an AISC of $750 per ounce on commercial production. They've delivered everything that they've promised so far, so I'm pretty confident that they'll deliver on this figure as well.

[ukgeorge] 21/2/2018 10:36

I've entered the competition to visit the minesite. Please help :)



Promise to post an update and will ask plenty of questions. Cheers

Roll on commercial production ASAP

[edjge2] 19/2/2018 13:33

40p may arrive sooner than we think. Kicking myself I did not add at 33p.

[ukgeorge] 19/2/2018 13:31

I hope these are still sub 50p after the first quarter of commercial production and that the costs are sub $850/oz. As if that happens they will be the bargain of the year. :)

[darola] 19/2/2018 08:41

Pound dropping I'd say!

[wilmot] 19/2/2018 08:32

Penny dropping?

[charles clore] 17/2/2018 10:23

Heres another article published yesterday

[charles clore] 16/2/2018 19:26

A great interview. This is one that I would bet the holiday cottage on!

[jimbowen30] 16/2/2018 18:05

Dan Betts interview. The future is very bright...

[westmoreland lad] 16/2/2018 15:34

cyberbub -- good luck here.

LOL Zeb and a quick reminder -------->

westmoreland lad - 03 Jan 2018 - 15:34:29 - 2380 of 2731 Hummingbird Resources

zhockey -- ngms holds the record on ADVFN for dry wit and deliberately winding folk up. Attempting to compete would be futile -- especially here :-)

ATB in 2018

[bookwormrobert] 16/2/2018 14:09

Zhockey - I don't meant to be rude, but you really, really need to do more research on this share, which is probably the standout value play in the entire natural resources sector right now. FFS, it's a producing gold mine trading at 2x free cash flow!

I'll check out EUA. Thanks for the tip.

For other readers, there is a very good interview with HUM CEO Dan Betts on todays Vox Markets (voxmarkets.co.uk). He addresses the issue of the current under-valuation of the shares head on, and contemplates early repayment of the $60m Coris Bank debt, an aggressive exploration program to lengthen mine life, and a share buyback scheme.

[zhockey] 16/2/2018 13:46

BW,

Like I said I think HUM will do well but by 10s not 100s of percent in the short term.

You have to factor a few things in here, the first year will produce high grade oxide cap ore which is easy to extract, hence the high cash flow. Once they start producing sulphide ore, how will the plant perform and how will costs be impacted?

Also what taxes will thy have to pay?

WRT other aim cos, EUA have a good chance of hitting your 30%, they also have 2M oz reserves of PGM with c$120M funding agreed and only valued at £7M

[ukgeorge] 16/2/2018 13:40

Bookwormrobert, Griffin Mining

And with any luck Hummingbird will do as well as they have this year.

[zeberdie] 16/2/2018 13:31

its coras job to go out into the wilderness and add ounces prospecting.... its ours to do infill drilling and bring more locally into the mineplan (that my understanding of it anyway)

[bittorrent] 16/2/2018 13:06

So they are going to spend $8-10 million on exploration at Yanfolila this year, they could buy the rest of CORA that they don't own for that price.....

[bookwormrobert] 16/2/2018 12:23

Hockey - you're joking, right?
Yanfolila will generate around $87m in free cash flow in its first year of full operation (q2 2018 to q2 2019), based on current gold price. That's equal to 48% of Hummingbird's current market cap (fully diluted with warrants exercised).
The reserve will be increased by the 1m ounces currently indicated or inferred in the mine plan - see the exploration news in today's RNS. There are also a lot of blue sky targets in the Yanfolila area which need drilling.
By any measure, Hummingbird is very very cheap. In fact, I challenge you to name me another London-listed share (on AIM or main market) that will generate over 30% of its mcap in free cash flow this year. Go on, tell me...

[zhockey] 16/2/2018 11:24

It's a positive RNS but like I've said before the Mcap is very high for a single mine with a small reserve.

If you have the patience then I think this will do well but I don't think you'll see £1 this year.

[bittorrent] 16/2/2018 11:15

Cyber, Yanfolila is right down in the South-west corner of Mali, the trouble is in the east and north.

[cyberbub] 16/2/2018 10:56

Thanks all