Hummingbird Resources Share Discussion Threads

[chipperfrd] 02/11/2016 15:55

4seeaproblem,

I chart PM stocks against the £Gold price.

Snipping the chart and going through the rigmarole of linking into an HTML BB is a bit of a hassle, so I hope you can be content with the bland statement that HUM is NOT showing any correlation to the gold price at present.
Chip

[4seeaproblem] 02/11/2016 13:46

Is there a very clever person here who could overlay the price of gold against the share price performance ?. I think it would be interesting to see if there is a direct correlation between the two.

I suspect gold will rise as the US political landscape becomes increasingly uncertain.

[vatnabrekk] 01/11/2016 13:25

About the end of August, Robert Monro (Head of Business Development) said in an interview that they were intending to raise a further $35M in the near future, which I believe was primarily for the Gonka project, and to repay the Taurus $15M bridging loan. The Taurus loan was to be repaid on 8th September, but was extended to 8th December, presumably to allow time for them to raise the finding of $35M. So according to that schedule, they have just over a month from now to raise that funding and repay the Taurus loan.

Although the Taurus loan was mentioned in their Interim statement on 30th September, I didn't see any reference to the new funding of $35M mentioned by Robert Monro, so I wonder if they are still working on it, or given up the idea.

I hope we hear some good news about all of this in the next few weeks.

[laptop15] 28/10/2016 10:45

Hi Jbravo, thanks for your reply unfortunately I didn't buy into AUE was just worried about all the problems they have had and the dilution. Best of luck with your holding!

[spooky] 25/10/2016 15:42

Out of domestic facing stocks and in dollar earners, commodities being an obvious example. But there have been numerous special situation stocks over the last couple of months, domestic or otherwise. Not meant to be an 'I'm a clever boy' post, i'm merely trying to point out that if you put in the work, there are rewards out there.

[andysand] 25/10/2016 15:35

Great to hear. What sectors have you been in?

[spooky] 25/10/2016 14:34

andysand,sorry to disagree,the market has been absolutely booming if you've been in the right sectors.

[jbravo2] 25/10/2016 14:21

Hey laptop, you're hiding on here I see. I posted AUE the other day asking if you ever acted on my tip after you asked for a heads up on good prospects.
Please tell me you did.
Edit: although your posting history suggests not actually.

:/

[andysand] 25/10/2016 14:16

My mistake. Was supposed to be posted to the KEFI board. But the second question is still valid.

[andysand] 25/10/2016 14:15

I don't see any good news in today's RNS. Actually, I see even more a danger of a placing. Slightly off topic, I have been in cash for nearly 2 months now but watching the market closely. It seems to me that very little is going up. Very much a churning market. Does anyone see things differently?

[substp] 25/10/2016 13:08

Jeesh... the MMs desperate to make a market here on these low volumes.... good news here soon I hope before they completely lose the upward momentum on the share price .. :-(

[substp] 25/10/2016 13:05

Was referring to the work they have done for companies in Africa.

[rileyma] 25/10/2016 12:44

Give us a clue? :/

[ukgeorge] 25/10/2016 09:18

I couldn't find anything about Hum

[substp] 25/10/2016 07:11

A must see.....:-)

[ukgeorge] 21/10/2016 13:23

I just topped up with 5k as well, roll on higher gold prices

[pixi] 21/10/2016 11:03

I poured some concrete myself and bought another 25,000 this morning!

[charlieeee] 20/10/2016 14:58

Divimad

You have to compare this with Kefi, which continually purports to have debt funding and that has been shown to be an ongoing charade.

The figures here are certainly good enough to support debt repayment, but such finance is just not on offer: looking at all the issues arising for the "big" miners, many under crushing debt burdens (given commodity prices across the board)one can see why lenders have become cautious.

Unlike Kefi, accepting that situation, raising equity and moving forward to production has to be better than multiple placings to stand still.

At the end of the day, once the cash rolls in (as it should do at the margins given here) there are lots of options: dividends, new projects funded from profits and even reversing the dilution with share buy backs. In this climate, it looks as if management (probably reluctantly)have taken the only route possible to go from cash negative to cash generation.

Today's RNS was welcome: all reassurance that the job is progressing and nothing wrong with building up goodwill in the community.

C

[wilco1000] 20/10/2016 13:31

Tempted to move some money from other miners into this stock, all of my gold shares have done well bar this one and given the progress over the past year I feel it's due a re-rate

[substp] 20/10/2016 07:33

The new videos are good.

[substp] 20/10/2016 07:30

Sept 30

"We continue to believe that securing the debt finance portion of the project finance for Yanfolila remains the next key milestone for the company — We have estimated that the company’s total financing requirement (including the capex and working capital requirement for Yanfolila, other corporate costs and the repayment of the Taurus facility) could be around US$110m. We expect that the debt requirement could be around US$40-50m."

[divmad] 19/10/2016 18:53

I can see both sides of the argument re financing, as a long term shareholder, longer than most of you. When I came on board Hum, the Taurus loan facility was deemed to be the way to go, until for reasons unbeknownst to us PIs, the refinancing dragged on and on, leaving Hum with little alternative but to equity finance the construction process at Yanfolia. Folk weren't complaining of that arrangement back then, nor would they if a longer term debt finance arrangement had been secured. With a 70% irr or thereabouts, Hum could easily afford to take on some longer term production based debt but instead went for a massive equity dilution. I'm not saying it was a bad thing, as the dilution was not severe, but the after effects of that large placing are still being felt in the share price Yanfolia can easily absorb some production based loan arrangement, is my opinion. Still, I expect the share price to reflect the onset of production late next year, assuming construction hoes to plan.

[pixi] 19/10/2016 17:51

I'm not buying either, most of my money is now on HOC and AAZ.

[charles clore] 19/10/2016 17:38

Laptop - I have quite enough already bought at almost half today's price thank you!

[laptop15] 19/10/2016 17:09

Agreed Charles, it will come good here especially when we get into the new year and closer to production :)) plus it gives u the chance to buy more while you wait without the fear of a heavily discounted placing.Still think we will be 60-70p minimum when we start production guys! I remember BKY had similar flat share price at 21-23p for a good few months now it's 50p and looking strong. Once we break through 30p it will continue upwards! Plus news will help get rid of the overhang.Good luck to all