Hummingbird Resources Share Discussion Threads

[rileyma] 24/4/2018 11:50

Why not tell us then,,,

[zeberdie] 24/4/2018 11:35

Who says we are not in commercial production. ? We could have been for a few weeks already.

[charles clore] 24/4/2018 09:18

They will be even more distressed when they see HUM rocket! I cant imagine what sort of trouble they are in to be selling here.

[ukgeorge] 24/4/2018 09:15

Agree Charles, the chart is dire and suggests 28p.

Every day not being in commercial production makes cash more of an issue.

[gersemi] 24/4/2018 08:44

I am assuming that Pageant is a distressed seller? Either that or they know there's a bad news somewhere in the pipeline, which I doubt.

[gersemi] 23/4/2018 18:20

I wished they'd f-ck off, pardon my french. of course their selling does present (CC above) does present a great opportunity to build a position....

We need to see commercial production and then the brakes might come off...the all important positive operating cashflow

[charles clore] 23/4/2018 18:17

Actually I see a unique opportunity here to add cheaply. Already had a few!
On the other hand the chart does not look very positive. We can only hope that it quickly gets back inside the triangle rather than looking for support below it - it's a long way down!

free stock charts from uk.advfn.com

[qs99] 23/4/2018 18:15

Indeed. They still have another shed load as well. Maybe management can warm up another insti to take them off their hands at an agreed price?

[gersemi] 23/4/2018 18:14

Pageant Holding still off-loadin'. No wonder the price keeps stalling.

[rhuvaal2] 20/4/2018 16:32

from 15 to 35p over the past year or so is pretty good going. Quite often everything is already priced in and I am here for when gold stocks are in demand: the news channels will announce when that happens...

[ukgeorge] 20/4/2018 15:39

There have been a few chunky 100k plus buys today which bodes well.

[chipperfrd] 20/4/2018 14:41

I am in no particular hurry re the announcement of Commercial production.

It all looked on course ok a month ago so I fully expect further progress has been made since.

Perhaps, due to the deferred visit by the Malian President, it has become more of a political PR statement and is awaiting a joint public announcement.

Either way, it makes no difference to actual production and sales and represents the beginning of HUM's entrance as a significant producer rather than the end of anything.

Whether an announcement of hitting commercial production statistics is likely to result in any appreciable increase in the share price is a moot point. From my point of view it will hopefully mark the beginning of an upward trend that may well extend for some years so I am not expecting to get overly excited with any short term improvement.
Chip

[charles clore] 20/4/2018 14:33

George - if we weren't nervous I guess we wouldn't be human. When you weigh everything up I think the price should be a lot higher than it is. Provided gold gives a good tailwind it should really motor soon imho.

[ukgeorge] 20/4/2018 14:11

Well I'm still holding, but I have seen a few fail at this critical point so am nervous/worried. I guess we will get an rns in the next week or two which will be the catalyst either way.

[charles clore] 20/4/2018 14:07

George - which way would you bet?

[ukgeorge] 20/4/2018 13:59

I hate this period (of waiting) for commercial production to be declared.

The share chart looks like a coiled spring and we are either going to jump 10p or lose 10p.

[rileyma] 20/4/2018 08:56

Looks like next week then 😐

[charles clore] 19/4/2018 09:39

Should be this week if the company wants to maintain their unblemished record of achievements.

[rileyma] 19/4/2018 09:37

2 weeks ago,,,,, ;-/

[qs99] 19/4/2018 09:29

Anyone any views on when commercial production should be RNSd?

[ukgeorge] 18/4/2018 09:11

Thanks Chip

[chipperfrd] 18/4/2018 09:09

Strip ratio starts out at c. 13.8 and reduces over the years to c. 4.4 for 2023.

Averages 8.1 over FS LoM.

[ukgeorge] 18/4/2018 08:50

Fsj

Gold mining companies very rarely achieve the estimates that are within feasibility studies. So as far as costs go proof will be in the pudding.

The strip ratio is quite high at the mine. Did they ever mention what it is? Sorry if it is in your report.

Commercial production can't come soon enough also it would be great to know what the cash level is at.