Hummingbird Resources Share Discussion Threads

[casual47] 19/3/2018 12:01

It's a bit of a push to state the exact cause of share movements.

Today's share price drop is in line with most other goldies. E.g. HGM is down slightly more and that is without any news. Randgold, centamin, etc all down.

[ukgeorge] 19/3/2018 11:56

These results are not great and that is why the share price is down. The company has likely used about $10M of the $30M cash pile they had. My calculation is below.

This is assuming monthly costs are in the region of $8M (this is from using AISC $750 x 11koz production (steady state costs). While revenue from 12koz (production to date) at $1300 is $15.6M.


In the last month the mine has produced 6koz which is good and likely breakeven. But as the mine needs to do 11koz a month there is still a lot to be done. I think commercial production is at least a month away.

What I don't like is stating that they have processed 214.637kt @ 2.66g/t which gives contained gold of 18.4koz. They state 96% recovery, which would be 17.6koz of gold. However production is 12koz.

I'm a holder here but I'm not going to be blinkered and me a cheerleader like others are (not so much on this board More the LSE one) Just trying to be a little more balanced

[casual47] 19/3/2018 11:44

Weakness is across the board today. All goldies I have on my watch list are in the red.

[brucey6onus] 19/3/2018 11:26

I'll be looking to get involved with HUM come new tax year. The update is positive or at least reassuring they are where they said they'd be...but share price comes off? makes me think I'm missing something...

I see UKGeorge's earlier posting on article on Mali government looking again mining codes.

Also more likely; gold down $10 in last 24hrs and US$ weakening against the GBP

Anything else?

[sleveen] 19/3/2018 10:01

11oz gold in the mid Feb update and 17k oz in mid March update of which 12k oz poured and 5k in circuit.

That's a further 6k oz in almost a month.

Circa 11koz/mnth to give 130k oz for first full year production.

Looks like the first full year will begin in June at the current rate.

[wassapper] 19/3/2018 09:56

They do not state "produced" they state "recovered". Your misuse of words could also be called disingenuous. Tweets don't really matter. Only RNS' are worthy of any note.

[ukgeorge] 19/3/2018 09:48

The company need to clarify these results.

They tweeted that 16.8koz had been produced in 14 days.

In the RNS it is 16.8koz in total. Alarm bells are starting to ring. Also quoted 16.8koz when 12koz has been poured which is disingenuous.

[ukgeorge] 19/3/2018 08:59

The news was out on Friday.... hence the rise then, which is a complete disgrace.

It is however great news.

Commercial production must be imminent. Not sure why they didn't state total production to date.

[qs99] 19/3/2018 08:20

Indeed. Not sure I get the market but there you go!

[rrr] 19/3/2018 08:12

Very muted so far, report looks very positive to me.

[qs99] 19/3/2018 08:11

muted response?

[qs99] 19/3/2018 07:09

Great update IMO...dyor but they seem v content with their progress IMO

[westmoreland lad] 18/3/2018 23:12

About time someone woke up to this serious investment opportunity !!

Thx -- Bittorrent --------------->

'' and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity ''

[ukgeorge] 18/3/2018 21:23

https://uk.finance.yahoo.com/news/mali-says-negotiating-mining-code-200136480.htmlMali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister ...

[bittorrent] 18/3/2018 09:01

Britishbulls - BUY

[tightfist] 17/3/2018 19:12

Lasata,Using the ADVFN charts, I would interpret IMHO that the (messy!) C&H happened at 28p in mid-August. The prospective TA move is for a break upwards through the 40p level and ideally a short-term, even intra-day, low volume, confirmatory pull-back to the 40p level from above, at which time it's IMO game-on.Let's see if the TA move happens. Other TA interpretations welcome....Cheers, tightfist

[lasata] 16/3/2018 16:44

Not a tech expert but is that a "cup and handle" forming on the 4 year chart?

[qs99] 16/3/2018 16:13

last push before the weekend!

[charles clore] 16/3/2018 15:08

Lets see if it can hold past 40p. If it does I will be adding.

[qs99] 16/3/2018 14:56

Looking very good IMO...roll on commercial production, 40-50p and hopefully some good drilling results which will start getting market interested in future mine life, before management look at other projects on which to use their expertise....GLA and DYOR

[ukgeorge] 16/3/2018 14:50

loose lips sink ships......

has news been leaked, up 7.2% up on the day......

[chipperfrd] 16/3/2018 14:27

lasata,

Visit is next Monday (19th) through Wednesday.

Don't know about the President. 'Later in 2018' was the last word from HUM on the subject. Bit out of their control!

Chip

[lasata] 16/3/2018 14:14

Chip......tend to agree

When is the on site analyst visit?

When is the President due to open mine officially?

[chipperfrd] 16/3/2018 13:22

Personally, I have been buying the recent dips.

I fully expect them to reach commercial production soon and see the current share price as being a big under-valuation to their forward earnings over the next 12 months, let alone their likely growth further out.

Given a financial world swimming in debt and heightened political tensions/risks, I wish to be keeping significant PM assets, of which HUM is just one.

Purely opinion of course and DYOR is essential.
Chip