Hummingbird Resources Share Discussion Threads

[lasata] 20/3/2018 10:29

That was a "steal" this a.m.!

[casual47] 20/3/2018 10:22

The speculation and obfuscation here are reaching Russian nerve agent levels.

What will be ascribed to the shareprice movements next?

I note that the other Mali gold miners are not behaving the same way. Curious that. But I suppose anything can be crowbarred into an explanation if you want to fit a narrative.

[lasata] 20/3/2018 10:06

Looks like a screaming buy to me at this level............

[muffster] 20/3/2018 10:05

This was only signed last yearDan Betts, CEO of Hummingbird Resources, said: "The Government of Mali continues to be a committed and willing partner of Hummingbird as we work together to unlock the significant value of Yanfolila. I am delighted to see that the Government has exercised its option to increase its interest in the Project through the acquisition of an additional 10% of Société Des Mines De Komana for a consideration of US$11 million. I believe this is a clear signal of the Government's appreciation of the enormous value accretion potential of Yanfolila in the long term."We are grateful to the Government of Mali for their support and look forward to the months ahead as we work towards our objective of delivering our first gold pour by year end."Professor Tiémoko Sangare, Minister of Mines in Mali, said: "Bringing a new Malian mine into production is a tremendous achievement for all concerned and is the culmination of many years of investment and commitment by Hummingbird. Yanfolila's transition into a producing asset over the next 12 months will crystallise the value of this important national asset and will make tangible contributions to Mali through the generation of revenue, creation of employment and other ancillary benefits."

[darola] 20/3/2018 10:03

If this goes below 30 im selling everything I own and sticking it in here - anybody know how much I can get for six-year-old and two-year-old ??!!

[ukgeorge] 20/3/2018 09:59

I saw the article on the new law last friday. IMO that has nothing to do with this fall.

[gersemi] 20/3/2018 09:51

'then does the fall not look overdone? '....Until we know exactly what this new law is it is nigh impossible to calculate its financial impact

[charles clore] 20/3/2018 09:50

Plenty of support at 27p. If it goes below 30 I will be backing up the truck here.

[qs99] 20/3/2018 09:50

I wonder how dangerous this new Mali law could be for HUM? Need some clarification? Obviously Market is getting jumpy, but if doesn't affect current mine life, merely the extension, and given how low cost a producer HUM is (at present) then does the fall not look overdone? DYOR

[lasata] 20/3/2018 09:41

I think 10k per month is easily doable before long...........that RNS was badly scribed!

[ukgeorge] 20/3/2018 09:41

The chart is now suggesting a return to 28p. Unless we get a strong bounce.

[ukgeorge] 20/3/2018 09:40

Total gold in circuit
Dec = 55,699 x 2.02 x 95.9% /31.1 = 3,469 oz
Jan = 72,346 x 2.34 x 95.8% /31.1 = 5,214 oz
Feb = 86,592 x 3.35 x 96.5% /31.1 = 9,000 oz

Total gold poured
Dec = 55,699 x 2.02 x 95.9% /31.1 = 2,593 oz
Jan = 72,346 x 2.34 x 95.8% /31.1 = 3,897 oz
Feb = 86,592 x 3.35 x 96.5% /31.1 = 6,726 oz

The gold in circuit is always going to be a certain amount say 6-10koz. By the looks of it it is all on track. Perhaps March will be 8koz followed by 9.5koz.

[wassapper] 20/3/2018 09:38

I think that they have clearly failed to transmit the information in a clear and concise fashion. They could have done a Chip. Much better.

Taking the statement about the first 14 days of March and assuming the same for 31 days, you have about 3,385 tonnes milled per day (at 91% availability which is the design throughput) for 31 days:

Mar = 104.935 x 3 x 96% /31.1 = 9,717 oz

First year target is 10,000 oz per month. See slide 8. On target to me.

hxxp://hummingbirdresources.co.uk/_downloads/Hummingbird_Resources_Corporate_Presentation_Q1_2018.pdf

[sleveen] 20/3/2018 09:21

So why not simply add the gold produced each month to the table?

Would that be too transparent?

[lasata] 20/3/2018 09:17

The only figs which matter from Chip......indicating they will hit proposed 133k production in first full year

Dec = 55,699 x 2.02 x 95.9% /31.1 = 3,469 oz
Jan = 72,346 x 2.34 x 95.8% /31.1 = 5,214 oz
Feb = 86,592 x 3.35 x 96.5% /31.1 = 9,000 oz




Steady improvements month by month.

Well done HUM :-)
Chip

[edjge2] 20/3/2018 09:07

wonder if it will break previous low Feb 18, getting unduly hammered.
A buy soon imo.

[ukgeorge] 20/3/2018 08:58

Great post thanks.

[fsawatcher] 20/3/2018 08:54

hum of mine only 6 year or 7 innit so mali tax issue not issue for hum coz they covered

market not price hum right on 7 year so price not infected

hum move mine life to 12 year then it only 5 year at higher tax but market go bananas and make hum 100p a share if they get mine to 12 year coz that mega bega news innit

hum jus sellin off coz isa bummers dryin pants in tumble drya until ap 6th innit

yous knows whos yous are

i know you sellin and buyin back on 6th i am the all seein eye i am the market

[qs99] 20/3/2018 08:26

What's the news on the Mali mining laws then? Anyone checked in with HUM on this?

[darola] 20/3/2018 08:15

Lack of patience. Story hasn't changed it just gets confirmed more and more everyday, and HUM remains undervalued. if it stays below 40 I'm adding another £20k in my ISA April 6th.

[squash90] 20/3/2018 08:02

Not good drip drip down ?? Any views

[gersemi] 20/3/2018 06:14

Mali-an politics is affecting this stock. Rumblings about the change in laws surrounding mining in MALI does this great company no favours at all. I am sure once the usual idiotic politicking is over and a new mining law is passed then the stock can move forward without the uncertainty of this hanging over it

[clint2010] 20/3/2018 06:06

The Troy Ounce is part of a larger measurement system for precious metals that is known as Troy weights. A regular Ounce is comprised of 28.35 grams. A Troy Ounce, however, is comprised of 31.1034807 grams.