Hummingbird Resources Share Discussion Threads

[edjge2] 14/3/2018 08:44

fomc may yield better entry

[rickyhatton] 14/3/2018 07:23

Cora RNS
"Due to the close proximity (within 8km) of these targets to our ~34% shareholder Hummingbird’s producing Yanfolila mine, in the event of a significant discovery there is potential for early cash-flow by utilising the Yanfolila treatment plant. I look forward to providing assay results from Tekeledougou as they become available as we look to unlock the potential of this exciting project."

[edjge2] 13/3/2018 08:16

tsx pot stocks in revival mode, may beat gold and medical or enjoy mode present even in recession/crash, better than utilities?

[utrecht_00] 12/3/2018 17:08

all- if the company makes free casj flow of $75 million this year, any idea what the tax would be on that or are their historical losses to be taken into account. What about capex for 2018 plus when is the debt due to be repaid tia Utrecht

[jimbowen30] 10/3/2018 15:27

Plas,
Not looked at all of them. Better options listed on the TSX imo.

[plasybryn] 10/3/2018 13:57

Jim: What about SML, HZM, ARS, ATYM, CAML & JAY? Some strong charts in that lot.

[jimbowen30] 10/3/2018 12:46

Suggest we stick to Hummingbird on this board but imho AAU is vastly inferior to a most peers on the North American exchanges. Then there’s CEY, HUM, AAZ, HGM that are London listed and better options imo, so plenty of choice.

[bookwormrobert] 10/3/2018 11:32

I'm not going to take apart this long post on Ariana (AAU), even though it contains several major untruths, because it's not worth wasting my time on it on the HUM thread. But readers should beware this company - which is really just an AIM lifestyle company run entirely for the benefit of its directors, and not for the benefit of its shareholders / owners.
In particular, the "Hot Maden Gold Corridor" BS is a PR exercise (like UKOG's infamous "Gatwick Gusher"), and does not reflect (in any way) the geological reality.

[plasybryn] 09/3/2018 19:44

Redtrend: Not sure that is fair.
1. The current mine at Kiziltepe will probably produce 25,000 ozs p.a. It has taken them circa 8 years to get into production with their highly credible partner Proccea, but they have done it on budget and pretty well on time.
2. Expansion to 50,000 ozs pa by bringing on the second mine at Tavsan is probably going to be 60,000 ozs pa.
3. The BANK debt on Kiziltepe will be mostly repaid by April 2020 and was only $33m. Not much to build a mine from scratch. Repayments are on schedule and at the end of this year will be just $18m.
4. The Capex to build the second mine at Tavsan will again be Bank funded and probably only about $20m. It is unlikely that equity will be part of the this capital financing.
5. On the other side of Turkey in the east they have Salinbas which is in the "Hot Gold Corridor". It is now 100% owned by Ariana Resources and runs north from Hot Maden. Hot Maden was just 30% owned by Mariana Resources and was bought out by Sandstrom for $175m!. ($175m for 30%). The Hot Gold Corridor which lies a few kilometres north of Hot Maden encompasses at least 4 highly prospective sites like Salinbas, Aradala, Hizarliyayla, Derinkoy North etc. Salinbas already has a 1m oz equiv. JORC resource but the Board believe that the Hot Gold Corridor will be a multi million oz goldfield.
Admittedly they will probably need a J.V. partner or wealthy strategic investor to take exploration on from the current 1m oz. but one sniff of Hot Maden type grades and this is the"elephant in the room". The CEO & geologist on the ground (Zack) are very excited about the potential.
6.Eldorado sold Salinbas to Ariana with Royalties as they had other assets they wished to concentrate upon. Nothing strange about that.
7.The Director's Options in December were hardly excessive. Check the numbers. They have confirmed they won't issue anymore for 5 years.
8. Dilution: Now the Co. is generating cash flow from Kilitepe they have confirmed that they will not raise further working capital from equity Placings. The Co. is now self funding. Most AIM Co's need to raise funds from Placings pre production. Ariana has been no different. But how many AIM mining Co's are in production and can self fund future exploration? SML is of course one and HUM is another.
9. The CEO & Chairman are not wealthy people, but have a reasonable amount of "skin in the game". The Chairman bought more I believe twice in the last 6 months with his own money. He now holds c. 3.7% & the the CEO 1.7%. The other two directors combined hold 1%.

Ariana is worth a look. Mariana was in the same position for years, then suddenly their 30% interest in Hot Maden discovered something special and raised $175m. Hot Maden had Very high grades of course, but there is a good chance this area is similar and highly prospective, perhaps one of the best gold/silver areas in Europe.
So imo there is a strong likelihood that Ariana's 100% ownership of the Hot Gold Corridor, 4/5 km north of Hot Maden will yield something as exciting. And it is not just gold in them hills.
They have extensive data on the area and the CEO's track record on finding deposits is well proven - Historical cost of discovery just $15 per oz!

Ariana owns other gold assets on top of this including Kepez, Karakavak, Yukaricamli and Kizilcukur.
It is great we are under the radar and investors talk us down, as this happens to be, imo a great investment for the future. Not as risky Africa and self funded with limited debt to be cleared in just 2 years. Revenue currently of say $14m (50% 0f total) against a Mkt Cap of c. £15m. One of the cheapest stocks on AIM???
Even HUM highlighted that in their previous Corporate presentation. - see the slide.

[charles clore] 09/3/2018 19:21

Redtrend - you forgot to mention the 2% NSR. But I agree with you the management have ridden roughshod over shareholders and made some horrendous dilutive funding decisions. The only reasons I keep a toe in the water there is a) the share price is at a low ebb and can only go up and b) Salinbas has the potential to transform the company.

[lurker5] 09/3/2018 18:00

Redtrend Agree with that. AAU has expanded its shares in issue by a horrendous amount in order to fund 'resource' expansion. But seriously denting the value of existing operations. The board has very little shareholding, and would obviously prefer the chance for bigger management perks that accompany a 'bigger' company - but 'bigger' only because issued shares have ballooned. Its the realisation that is what they are doing that explains the shares' abysmal performance since all seemed so rosy six years ago.

[redtrend] 09/3/2018 08:19

AAU is nothing like HUM and there is not a lot to like there in my opinion but each to their own.

It has tiny production of 20K Oz per annum and only 50% of that is AAU's. Expansion to 50K Oz will be many years down the road and requires significant Capex (more Capex than can be funded from cashflow). It's already paying off its last debt from cashflow, so to expand will mean more debt and/ or another placing(s).

Considering a major gold miner gave their share of Salinbas away for free, I think they're slightly more knowledgeable than us ill-informed PIs and so I doubt it's as commercially viable as many have tried to make out ("the next Hot Maden"). The last results in December for Salinbas hardly set the world alight.

On top of all that the AAU board gave themselves overly generous Options in Dec '17 after shareholders have suffered and been bombarded by dilution after dilution.

Through economies of scale, HUM has far more scope and in much shorter period to increase production, increase life of mine and look for mergers/ acquisitions etc. Over time in long-term it could eventually even transfer from AIM and get noticed by bigger institutions and funds who only stick to the main exchanges.

For junior precious metals miners, I'll stick with HUM, SLP and SHG.

[darola] 09/3/2018 07:25

I like EDV as a comparison. Company grew its resources between 2015 and 2017 and 5 bagged.

[nov31] 09/3/2018 06:48

Re post 2814. Take a look at AAU, a lot to like there, and som similarities with HUM except AAU now in commercial production

[ukgeorge] 08/3/2018 16:36

lets hope so

[ukgeorge] 08/3/2018 16:16

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Roll on commercial production............

Can Hum be the first gold miner since Centamin on Aim to actually survive????

[zeberdie] 07/3/2018 17:30

You think that is bad ? What is this the WRVS

[cockneytrader] 07/3/2018 17:20

It's good to peer review, but why all the bad language?

[cockneytrader] 07/3/2018 16:48

It's healthy to have people with an opposing view, and that should be welcomed. The problem is it all becomes a little to personal which is a shame.

With reference to a report. If produced it should be shared, imo.

[zeberdie] 07/3/2018 16:29

There doesnt even have to be a report. Fsj got his ticket because he came second in the twitter competition and a space became available, he does it because he enjoys doing them.
How anyone can be invested as they claim to be on LSE and be so miserable about it is beyond logic.

[cockneytrader] 07/3/2018 16:14

Still awaiting a reply from FCA reference potential manipulation.

Nonsense over at LSE again.

Suggestion to those share holders going out to Mali. Do share your report on all forums. The last thing you want to do is hold it close to your chest so only a few can see it - that would defeat the purpose of the report.

[catsick] 06/3/2018 10:49

As far as the Beaufort situation goes, I think hum have been collateral damage in this whole sordid affair, there are quite a few obvious similar schemes going on where connected parties buy shares in nominee accounts pump the stocks and create the illusion of liquidity while hyping all the hot themes and then exit leaving retail holding the bag, I have been selling my mtr this week as they have been connected to too many manipulated stocks like ggp, however hum I don't believe is anything but the real deal...

[ukgeorge] 05/3/2018 17:07

Commercial production imo could be declared any day now and should be declared at the latest within the next 30 days.

The continued selling does however look worrying.