Hummingbird Resources Share Discussion Threads

[cockneytrader] 10/5/2018 22:17

Randgold should take these guys out. 75 pence and I'll be happy.

[ukgeorge] 10/5/2018 15:53

looks ready to breakout.....

[charles clore] 10/5/2018 12:17

Good point capn that could explain the apparent weakness we have seen of late.

The inverse head and shoulders is still on though. Looks ready to blow.

[capt bligh] 10/5/2018 12:12

"Further to the Company’s announcement on 13 June 2017, 6,197,353 new ordinary shares in the Company (“New Ordinary Shares”) have been issued in payment for the Company acquiring an additional 5% stake and 1% royalty in the Yanfolila Gold Project, which takes the Company’s interest in the Project to 80%.
Application has been made for the 6,197,353 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 1st May 2018."

Maybe these are causing the hiatus.

[ukgeorge] 10/5/2018 11:34

edging closer to breaking the 7-8 month downtrend 35p should do it.

Looking forward to fingers crossed two more months of 10k oz of production and then in July we should get the all important cost data. i'm now up to about 25% of my portfolio in these so shouldn't really add any more but it is mighty tempting.

[gold panda] 09/5/2018 20:35

Lately takes around a day if editor doesn't want corrections

[rileyma] 09/5/2018 16:00

Takes a couple of days i think,,,

Cheers

[darola] 09/5/2018 15:50

Seeking Alpha - just looked couldn't find it?

[ukgeorge] 09/5/2018 15:48

What does SA stand for? and where?

[gold panda] 09/5/2018 15:43

FYI I have just submitted a SA article

[ukgeorge] 09/5/2018 13:41

I think 35p would signify a breakout from the current downtrend

[casual47] 09/5/2018 11:27

Looking at the gold price chart of last 40-odd years you'd struggle to pick out POG rises due to wars, and there were many. The Middle East was much more of a tinderbox in past decades. It's remarkable now to see how many allies Israel has in the area.

More war in ME could drive up the oil price which won't be that good for miners.

Best thing to wish for is a thriving economy creating stability in the countries where HUM operates.

[qs99] 09/5/2018 11:04

Value will out imo.... also when Iran and Israel kick off battling watch gold price then! Dyor

[ukgeorge] 09/5/2018 08:59

hxxp://hummingbirdresources.co.uk/_downloads/Hummingbird_Corporate_Presentation_Q2_2018_(2).pdf

this one, on the home page at the bottom and centre

[bubloo] 08/5/2018 21:01

uk george where did you skim the presentation. i could not see it on hummingbird website

[brucey6onus] 08/5/2018 15:27

haha catsick - "Hummingbird are pleased to announced they've run out of gold" - then watch the buying frenzy

[ukgeorge] 08/5/2018 11:21

It is very encouraging that they have given an update on monthly production. 10,423 oz is very good and on target for the guidance. I hope they continue to give a monthly figure.

The share price should re rate in due course. I just skimmed the presentation but was particularly encouraged by the plan for 50km of drilling. This should obviously mean the reclassification of some resources into reserves but also the high grade deposits will be targeted first which should also lead to an increase in production in the first couple of years.

[catsick] 08/5/2018 10:47

Maybe it will take more buyers than sellers to move it up , will happen in the end ....

[zeberdie] 08/5/2018 09:03

Helium gold.

[charles clore] 08/5/2018 08:21

Unbelievable this is still under 40p. What will it take to move the price up I wonder?

[catsick] 08/5/2018 07:41

Nice few snippets, production up, the new presentation says they will make 70mio usd of free cashflow over the next year ..... tooo cheeep

[zeberdie] 08/5/2018 07:34

hxxp://hummingbirdresources.co.uk/_downloads/Hummingbird_Corporate_Presentation_Q2_2018.pdf Q2 presentation
Rns confirmation of 10423 OZ for Aril.
And the sun is shining. Lovley

[lasata] 04/5/2018 18:08

RRS

In addition, Randgold West African operations GM Chiaka Berthe said the Loulo-Gounkoto complex represented the largest foreign investment to date in the Malian economy, as it is still investing in new mining projects like the Gounkoto pushback and the new Baboto satellite pit.

However, he noted that the country is rich in other gold opportunities, and that Randgold continues to search for extensions to the known orebodies, as well as new discoveries in its Malian landholdings.