Hummingbird Resources Share Discussion Threads

[laptop15] 27/6/2016 16:06

Is tgis likely to drop further than the placing price due to the amount of shares that are going to be offloaded?

[goldendigger] 26/6/2016 23:45

Pound down and gold up so far tonight in early trading on the far east exchanges.

[charles clore] 23/6/2016 16:25

The share price is looking a bit healthier now the dust is settling. I hope we will see a steady rise back towards 60p as investors realise that the construction funding is more or less sorted and any so-called dilution is targeting profitability, not to be squandered on admin, salaries etc.

[scottishfield] 23/6/2016 15:08

Tks jolly o k

[richgit] 23/6/2016 10:25

simonbroughton.

We are today reminded that even if the vote is for exit,our Government and the Elite will only consider it an Advisory vote.

Remember that the Bureaucrats of the European Federation have told us ALL
many times that we are (kept)too stupid to influence such descisions and We dont know what we vote for and why - so they will save us from any of wrong decisions we make and try to force our Governmnet to NOT implement any wish to Exit.

Rumours that Europe will negotiate terms with Turkey after the vote,and if Cameron has been shown to be a liar- there will be hell to pay if on top
of refugees,Economic Migrants - Merkel then imposes opening the door to Turks.

Everything in this World is now totally rigged,whilst the Elite that own us are petrified that their (kept stupid)Cannon fodder develop brain cells and use the gift of sight and some foresight.

If only People realised what is truly going on with the US War Freaks trying
to push Russia and or China into Victoria Nuland`s (et al) created potential War ... and utilising NATO to do it !!!

[dilbert dogbreadth] 22/6/2016 13:44

Maytrees they're from the fundraising

[maytrees] 22/6/2016 12:38

Two more holding RNSs just now - surely not booking their seats on the Titanic!

I hold- dyor.

[simonbroughton] 22/6/2016 12:35

richgit,

Thanks for post 649. It puts it all in a nut shell.

Those who want to vote to stay in just don't realise they are voting for a deck chair on the Titanic.

[maytrees] 21/6/2016 12:06

Positive looking holdings RNS

[richgit] 20/6/2016 09:21

I would suggest,as the "remain vote" could be the last opportunity for the Central Planners to knock Gold down with their Paper Gold,to be ready to grab
your favoured Gold & Silver stocks,plus more vaulted Silver & Gold.

The Physical buyers know what is coming,and they will buy even more at every knockdown and then every rise- until the Gold has gone.

I would be staggered if Gold isn`t $1400 by year end,but then it surely is only
a foresight now of gold beyond $1400 and then $1900- ?.

[richgit] 20/6/2016 09:14

O/T

It looks like the fix is cemented for a vote to "remain"

Others will get their chance when faced with the truth of what is going to be unleashed by Europe - after the vote.

Seemingly there is admittance that some 60% of those entering the floodgates
are not refugees - Not Europeans -but economic migrants- young men coming for the dream of being paid not to work from all around the World.

So many are headed for Germany and soon the German people are going to demand that they are sent to the rest of us.

This will be devastating for those in Europe that already cannot get jobs,and obviously devastating moreso because We are all already Bankrupt and cannot
provide employment to the unskilled (and skilled) Europeans-never mind the rest of The World !!!

The UK will get what it votes for,and so many will wish they could have the chance to vote again,whilst Millions of us that never voted for the so predictably disatrous Bliar and the Barrow boys will have another debacle foisted upon us.

Hordes of economic migrants was never a part of what those that voted for Europe voted for,yet is just one more of the disasters as no surprise to those that didn`t vote for the Federation of Europe- expected.

There will be a lot more to regret now.

Just another reason why Gold & Silver will be the only safe havens from the busts that will accelerate as Europe no doubt will turn into a War Zone of riots



IMHO

[divmad] 15/6/2016 12:08

Why no part of the construction cost through new borrowings? Doesn't seem to be in best interests of existing shareholders.

[wassapper] 14/6/2016 11:28

The over allotment news today looks like good news to me. There has been some discussion about the "shortfall" of $13m from the placing. But the over allotment allows for the raising of another approx $10m. Leaving only $3m to find which is small change. If today's news means that some folks need to get further approvals to gain a piece of the pie here then we are more or less fully funded for construction with the gold price about to start its march back to $1,800.

Let's remind ourselves of key facts from the placing RNS:
Raised an aggregate c.GBP45.8 million (c.US$67 million) through the placing of 103,698,254 shares at 22 pence per share ("Placing") and the subscription for approximately 104,694,697 shares (subject to adjustment as described in footnote 1 below) at 22 pence per share ("Subscription"), subject to shareholder approval

-- Funds will be used to complete detailed engineering, order long lead items and to commence construction of the Yanfolila Gold Mine

-- As announced previously, the Definitive Feasibility Study and Optimised Mine Plan show the Yanfolila Gold Project to offer:

o 132,000oz gold in first full year's production with LoM average production of 107,000oz pa

o IRR of 60% and an NPV of US$162 million at US$1,250 gold price

o AISC of US$695/oz - which is expected to be in the lowest quartile of African producers

o Significant upside from over 1Moz of gold inventory outside of the current mine plan within the mining permit

o High-grade potential identified at the Gonka deposit, 5km from the Yanfolila plant

o Total Project Capex of c. US$80 million

-- Balance of financing anticipated to come from an appropriate debt facility for which the Company has received a number of expressions of interest

-- Overallotment option to raise up to an additional GBP6.9 million (c.US$10 million) through the issue of up to 31,260,000 shares at 22 pence per share, subject to shareholder approval

[richgit] 14/6/2016 09:14

If the Fed`s Gangsters know what is coming,which many Billionaires believe,
then they are going to have to rip as much Gold allocation for themselves as
possible from their paper frauds.

Is this the last chance for JP Morgan to hide more ounces of Silver for themselves (all ripped from years of Paper Manipulations) and will they
once again be the buyers of just about every Silver Eagle on the Planet ??

Whatever the Fed does- The Fed is dead- and these moments may be the last
for Gold bargain and no doubt already the last for the Multi-Million ounce Physical buyers


IMHO

[richgit] 14/6/2016 08:46

With the worst valuations for Gold stocks in 30 odd years,little is valued.

Whilst the Market still needs to play catch up with valuing Gold in the ground
will Investors have something new to value in the future.

Ie- Gold being tucked away for the days of beyond $1900 maybe !!!
Could that become a foresight of valuing Gold tucked away for $10,000 ?

Would the Market give that more attention than the profit of Gold sold ?

Mr Sprott was suggesting such a thing some time ago,and the boss of Majestic Silver tried to promote the idea to others.








" MX Gold Corp CEO Akash Patel and CFO Kenneth Phillippe say that they are positioning their company to stockpile between 20% to 30% of their physical gold production in coming months, noting that prices are nowhere near where they should be at current supply and demand levels. In an interview with SGT Report, Phillipe appears to be taking the stance of many precious metals investors, which is to stockpile the physical asset in anticipation of any number of potentially cataclysmic economic and monetary events like the hyperinflation we are witnessing in Venezuela.

We want to pull out the physical gold… We want to take this gold and we want to store it. We believe that having the physical gold in the vault makes a lot more sense than selling it at these prices. Gold is ready to move. We believe it’s going to continue to rise… we’re going to be storing our gold and holding it for the long-term. "



It would be ironic if at some point the Market values Gold producers ever higher for "The Gold they do not sell "

[charles clore] 13/6/2016 12:36

Lots of late trades showing today, most of which look like buys to me

[richgit] 13/6/2016 11:51

pixi.

I am not worried about a final manipulation,as we are getting ever closer to the point that any serious manipulation in Paper Gold now will merely accelerate
Physical Buying.

I am just untrusting of the Fed`s vampires saying "Buy Gold" as nobody can trust those Fed`s Gangsters - (not even the FED).

JP Morgan wants all the Silver it can steal and they all want their own Gold
exposure - at the expense of exposed Margined Paper Gold players.

Let`s see if the BIS attempts another $2Billion or so fake Gold blitz into the futures Markets,albeit they have no clue about the repercussions any more than
the Frozen in fear- FED and Central Planners.

IMHO

[pixi] 13/6/2016 10:20

richgit, I was reading stuff from Gold Eagle at the weekend and one of their contributors said that the final pullback to 1140-1180, that everyone is expecting to confirm the new bull trend, just won't happen. He reckons gold should be 1450-1550 in late Sept, early Oct, this year. I'll keep my ear to the ground and let you know if I hear any changes.

For what it's worth, I see HUM as a takeover target.

[richgit] 11/6/2016 18:55

Charles.

I hope not.

We are running out of "Last ones standing"in the HUM type selections listed
in the UK.

AMA was one of my picks and that has now disappointingly gone-albeit I still hold my shares in it as the deal looks very positive.

Imagine the values of the truly "last ones standing" when Gold production hits its insuffuciency to supply demand and Majors face the hurdle of 10 year average for any new mines.

The days of ludicrously high valuations for newcomers with 2 shovels and a Gold target will return,yet with possibly at least better justification than the rubbish that rose 10 times in just months during the Dot Com era.










IMHO

[charles clore] 11/6/2016 17:42

richgit - you were indeed very fortunate to be a BNC investor. I remember the period you are talking about and that sale was definitely one of the highlights.

You are right, this could be taken out before mining begins. Good luck.

[richgit] 11/6/2016 17:13

Or.....

As a very happy investor in Brancote I was pleased to accept the bid valuing
Brancote at £200Million plus for merely resources in the ground-years ago !!!.

I would argue that HUM has a multiple more justification to be bid at £200Million + and a foresight of what this will be valued at for Gold beyond $1600 and its earnings ability.
Then + the somewhat far beyond Brancote`s value of overall resources in the ground and we have a potential true multibagger +

I note that even within this brief spell of better stock prices for most
Majors,that their investors are already asking "Where do the next resources come from ?"

They will be screaming that question-when the days Physical demand cannot be met are at hand.

Whilst I am not yet convinced the Central Planners wont create a final Gold bashing before the Dam truly cracks between pressures of paper Gold and Physical,I remain 100% convinced ,from following the actions of Gold from the circa $250 that I knew was a buy.....We will see Gold beyond $1900 at some point

As I look back over 30 years of investing,making and losing fortunes,as
a Contrarian Investor and or sentiment investor- both have their equal ability
to make and lose fortunes-yet if I started all over again with what I think
now know,I would argue that backing sentiment at the beginning of a turn to positive sentiment,like the early days of the Dot-Com era,makes fortunes at an accelerated pace.

Then it becomes the problem of knowing when to get off the bandwagon,and most
certainly that will be a problem with Gold stocks as the bandwagon could roll
for many years and far beyond what many people will think is time to get off.

Nice problem to have-yet are we at the beginning of that turn of sentiment or just one more final trough to face ?

I wish I knew,whilst valuations are arguably still the worst in 30 years .

I guess I am now bordering contrarian Investor and the hoped early signs of sentiment
investing as per the Dot Com era......... for Gold stocks.