Hummingbird Resources Share Discussion Threads

[new_buyer] 19/9/2018 10:23

Maybe because the market is muted at the moment, especially in relation to gold investments. I'm not sure the market is expecting anything is it, if it is what is it expecting? We just don't seem to be on the radar of investors at the moment for whatever reason. We have a new PR company, a few months back, but does anything look to you like anything has changed? Not to me it hasn't and personally I'd like to get away from the AIM market as it does not seem, to me, that companies are judged here on there performance more on there popularity.

[zhockey] 19/9/2018 08:56

Yes but why the muted market reaction? Was the market expecting more? Also what are the implications of dropping the 3rd crusher?

[new_buyer] 19/9/2018 08:39

zhockey it might depend if you are a glass half full or glass half empty type of person!! Adding oz's, or the ability to process it, must be a positive mustn't it with what is already known of reserves?

[shortarm] 19/9/2018 08:34

More gold which will be proceeded faster!??Can't see the bad there!

[zhockey] 19/9/2018 08:29

Quite a complex RNS, get the feeling this is good news/bad news although not sure which is which :)

[rickyhatton] 19/9/2018 08:20

And GW is only targeting shallow mining of 70k oz. and KW has now identified new structures. All looks a very solid initial update. Gonka is 400koz thus far.

[goodgrief] 19/9/2018 08:16

Average grade going through the mill in Q2 was 3.43g/t.

So Komana West pretty good and Guirin West not so good.

[rickyhatton] 19/9/2018 08:07

Solid and transparent update. Confidence in the future with the second ball mill, which doubles up as derisk Betts sums it up.

"I am delighted with the initial drill results and look forward to receiving more over the coming months."

[qs99] 19/9/2018 07:55

But what are the views on the grades so far?

[rickyhatton] 19/9/2018 07:51

Very early doors so far. Only 6% of results in!

"In excess of 10,000 m of the planned 50,000+m drilling campaign has been completed to date of which results have been received from the first 3,000m of drilling completed. It is anticipated all the drilling will be completed during Q4 2018. Drilling is yet to start at Sanioumale East and West; both deposits have resources currently defined and once drilled will provide an immediate and substantial source of oxide ore."

1,340 metres drilled to date with no results yet received.
"Drilling at Gonka is very exciting and we look forward to receiving and publishing the results when available." Murray Paterson - chief geologist

[qs99] 19/9/2018 07:20

views on grades? Good to see 2nd mill sanctioned...show's confidence?

[ukgeorge] 18/9/2018 15:50

I hope on Thursday they state that they will not be investing more in the Bunker Hill project.

Also I hope that they can start a share buyback soon or a dividend or that they plan to pay the debt off early.

[redtrend] 18/9/2018 14:18

Sandeels. That's a typo as the statement is in many other places:

"The Bunker Hill Property is a zinc, lead and silver property that comprises 434 contiguous mining claims covering a total area of approximately 5,773.8 acres (2,336.7 ha)."

[darola] 18/9/2018 12:43

Hi RH, thanks for posting. Can you summarise the summary! :O)

[sandeels] 18/9/2018 12:00

from the Bunker Hill 'Interpretations and Conclusions':

...comprises 434 contiguous
mining claims covering a total area of approximately 5,773.8 acres (5,237.9 ha)

...er

[tens machine] 17/9/2018 22:56

Anyone going proactive on Thursday?

[zhockey] 17/9/2018 13:19

OK so they made a good decision and their shareholders lost value? That's illogical.

[rickyhatton] 17/9/2018 13:11

That's a different observation to saying you have evaluated a "mistake"

[zhockey] 17/9/2018 12:56

Well the market liked the deal when it was announced and went sour when it was dropped.

[rickyhatton] 17/9/2018 12:40

Not a mistake.
Maybe they will go back in and take AGG out.
If you cant work with another company, you cant work with another company

[redtrend] 17/9/2018 12:37

In hindsight it was a very smart move, however more details should have been provided as to why the LOI was terminated.

HUM were prepared to pay $8m for 20% of AGG. Based on AGG's current market cap on TSXV, in total AGG are worth $9m! HUM may as well just take them out at a 50% premium and get 100% of AGG and all their assets for $14million, if they were still interested in the assets.

However AGG's last set of drilling results didn't set the world alight.

[zhockey] 17/9/2018 12:00

Hum made a big mistake in dropping AGG IMO. The share price started its downward path at that point also.