Hummingbird Resources Share Discussion Threads

[casual47] 09/4/2019 12:32

The worst case scenario is of course further issues popping up this year. A year with everything running within "normal" parameters is the best case. There may be further growing pains before this matures into a steady operation.

Are we still expecting news on potential JV for their other asset or is this a longer term prospect?

[rickyhatton] 09/4/2019 12:02

Crudely put - HUM were aiming for AISC of $1800 oz in Q4 but delivered a lower $1677 as one off costs ran into Q1. So $123 an oz drifts into Q1

Target is $800/850 AISC average for the year. (with the new ball mill in Q4)

Worst scenario of AISC $850 - if Q1 is circa $1000 with the $123 carry over, then Q2-Q4 should average $800 AISC.

Best scenario of AISC $800 - if Q1 is circa $1000, then circa $735 AISC for a Q2 - Q4 average is in the HUM target numbers.

[rickyhatton] 09/4/2019 11:57

NB - Crudely put - HUM were aiming for AISC of $1800 oz in Q4 but delivered a lower $1677 as one off costs ran into Q1. So $123 an oz drifts into Q1

Target is $800/850 AISC average for the year. (with the new ball mill in Q4)

Worst scenario of AISC $850 - if Q1 is circa $1000 with the $123 carry over, then Q2-Q4 should average $800.

Best scenario of AISC $800 - if Q1 is circa $1000, then circa $735 for a Q2 - Q4 average is in the HUM target numbers.

[borderterrier1] 09/4/2019 01:32

I agree again. Boring stock, boring company, boring prospects.

[new_buyer] 08/4/2019 22:57

Yawn......

[borderterrier1] 08/4/2019 22:55

Even now on the LSE bb investors are excitedly talking about the POG above 1,300. Aren't we forgetting something? This lot can't get it out of the ground.

[new_buyer] 08/4/2019 20:21

Ricky not sure what it’ll be but a big drop on Q1 which will include the cost of the remedial works to the pit wall.

[rickyhatton] 08/4/2019 18:48

Should be going to AISC circa $770 in Q2

[new_buyer] 08/4/2019 17:31

More depression!!

[borderterrier1] 08/4/2019 17:14

Zzzzzzzzzzzzzzzzzzz. Correct. At least we agree on something.

[new_buyer] 08/4/2019 16:49

Zzzzzzzzzzzzzzzzz

[fsjamescampbell] 08/4/2019 16:31

Biggest test for HUM and potential biggest mover of the share price is a successful Q3 (Rainy season) if they can demonstrate that the machine still works during this years rainy season then we could see a vast improvement in the share price Q2 will be HUM's best period of 2019 like last years Q2 was very strong (production wise).

[new_buyer] 08/4/2019 15:57

It would be good to get the life of mine extension confirmed, but not sure if that is likely to be this month of later this quarter. Q1 update due about 30th April and hopefully that will show HUM to be back on an even keel and with the pit wall problems behind us.

It'll be good to get another 2 or 3 solid quarters behind us with no issues and a safely navigated wet season behind us before the production capacity increase due nearer the end of the year.

[new_buyer] 08/4/2019 15:41

and I almost forgot the conspiracy theory........

[new_buyer] 08/4/2019 15:36

a paid deramper perhaps..........................

[new_buyer] 08/4/2019 15:36

Someone woke the black cloud, more depression no doubt and no doubt this company has absolutely no potential but hey the black cloud still claims to be invested here in a company that is so badly run with no prospects and oh yeah its Frank's fault also!! Now why would anyone with half a brain (and that might be the answer) stay invested in a company with no hope or prospects, answers on a postcard.............................

[borderterrier1] 08/4/2019 14:55

rickyhatton. I agree and I'm absolutely not wanting to be difficult in any way here. But if you go back through the posts over the last two years and more the performance of this company in every way has been absolutely abysmal. IMO Drastic changes need to be made at top level or it will continue.

[rickyhatton] 08/4/2019 14:30

BT - More than "possible" I said "maybe a tad optimistic" ! A tad means "slight"!

Highly "probable" that circa those kind of good figures will be delivered as "facts" in Q1. 30k oz sold, at $1300 sold, with AISC $950/$1000. $9m EBITDA in just one quarter.
We shall soon see.

[borderterrier1] 08/4/2019 14:16

rickyhatton. Of course it is "possible". But possibility scenarios have been discussed on here for years now..... to no avail. The problem here is the lack of management communication skills and continual speculative innuendo from the co. mouthpiece that props this up in the eyes of rookie investors that don't know any better. Face the facts not hyperbole.

[rickyhatton] 08/4/2019 13:25

Maybe a tad optimistic but Q1 of 30k oz sold, at $1300, with AISC $950/$1000, is possible.

Should improve in Q2 as one off costs soaked up in Q1, and then throughout the year to Q4 when ball mill operational.

[new_buyer] 06/4/2019 11:27

Zzzzzzzzzz

[new_buyer] 06/4/2019 00:27

More depression from the black cloud!!!