Hummingbird Resources Share Discussion Threads

[rickyhatton] 17/6/2019 07:00

Hum are due to release more news this month.

"Following the successful 2018 exploration drilling campaign the Company, as previously stated, is currently updating its Reserve and Resource statements which are due by the end of Q2 2019.

... the Company is currently updating its LoM plan. At present, this was last forecast as part of the DFS in 2016 and showed that the Yanfolila Gold Mine would average 107,000oz gold production per year. The current draft LoM plan, awaiting finalisation, indicates that in the upcoming 3 years (2020-2022) the Company is able to achieve production of 130,000-145,000oz per year at a targeted AISC of US$800/oz. The Company is pleased to report that the early estimates from the LoM plan showed a significant improvement on production levels and lowering cost base of the mine.

From 2023 the average annual production from Reserves reduces to 80,000oz per year. The Company intends to announce the results of scoping studies on both the Gonka deposit, 5km from the process plant, and underground mining at Komana East (currently operating open pit). The studies will, when converted to Reserves following feasibility study completion, augment the existing Reserves to increase annual production and extend the mine life further. Based on current Resources over 1Moz gold sits outside of Reserves"

[plasybryn] 17/6/2019 06:26

-- Commissioning of the completed mill due to start in July with full capacity ore throughput expected in August 2019 Well done guys.

[rickyhatton] 17/6/2019 06:12

"The second ball mill will augment the existing process plant by increasing throughput capacity from 1Mtpa to 1.24Mtpa when operating at 100% fresh ore and from 1.2Mtpa to 1.4Mtpa when processing a blend of ore types
Commissioning of the completed mill due to start in July with full capacity ore throughput expected in August 2019"

Will further help the AISC figures for this year, and full year effect in 2020

[borderterrier1] 16/6/2019 21:58

NB On the way UP? Sorry, wrong again. On the way down? Why would that surprise you when you look at the SP?

[new_buyer] 16/6/2019 19:56

Yes sadly I do, you the day you joined the LSE board. Whinged all the way up and all the way down.

[borderterrier1] 16/6/2019 16:16

NB Just remember who started it.

[new_buyer] 16/6/2019 14:59

Narcissism rules ok BT!!

[replicas1967] 15/6/2019 16:03

BT you CAN post pictures on this site !!

[borderterrier1] 15/6/2019 15:24

I actually love Aldi, or rather my wife does. We have some here in the US and more are coming. Pity I can't post pictures of the fish I caught but you morons wouldn't believe them anyway.

[replicas1967] 15/6/2019 15:05

BT couldn't afford their prices!
he shops at Heron Foods

[new_buyer] 15/6/2019 14:16

Still clocking in from Alaska I see!! Iceland I could believe, or maybe Aldi!

[borderterrier1] 15/6/2019 03:47

Fsj and NB. You've both been singing the praises of this for over two years and the price dropped to an all time low. Now there is a small bounce and you are both wetting your pants with excitement. I hope the rise continues, but now lets see what transpires in the real world? And according to you I am not where I say I am. Yeah, right. I set my alarm clock just so I can get up and wind you idiots up in the UK. It doesn't take much to do that does it?

[new_buyer] 14/6/2019 15:15

fishing in Alaska.................but priority is to monitor the BB for an AIM stock!!

[bmnsa] 14/6/2019 12:40

Did not just wangle to buy loads at 12.5p,l think not.

[fsjamescampbell] 14/6/2019 12:29

ha ha there he is.....fishing in Alaska with patchy internet yet you manage to just see my first post on here in ages and decide to respond.....you are so transparent we have to rely on our sense of smell to know you are there! Are you enjoying the 30% rise since the 12.5p low?

[bmnsa] 14/6/2019 12:28

3!! Years!!

[borderterrier1] 14/6/2019 12:18

Fsj. Wrong again. I'm fishing in Alaska right now with patchy Internet. This will be back to 39p...... in about three years.

[fsjamescampbell] 14/6/2019 10:51

Notice BT has stopped posting.......i think that says it all! Paid deramper only posts negative when it is going down........true colours!

[thecoyone] 14/6/2019 09:58

Talk elsewhere of a short squeeze in this stock, whatever it is one of the few gold producers that has not re-rated, no chart resistance to 22p !

[fillipe] 14/6/2019 08:44

16.5p at the lowest ask, as I type.

f

[sandoval] 13/6/2019 11:16

Or dead Pigmy Hippo in Hum's case :)

[ilostthelot] 13/6/2019 09:55

Dead cat bounce!

[referee1] 13/6/2019 09:46

Definitely Newbuyer!
Like Frank, I have everything crossed!