Hummingbird Resources Share Discussion Threads

[dan_the_epic] 15/5/2020 17:46

I hope you won't disappear next week when 30p does.

[techandy] 15/5/2020 17:20

You lot crack me up. You have been hanging on about 30p, £1 party for 3 years. Never gonna happen!

[dan_the_epic] 15/5/2020 16:14

Breakout next week I think rather than today.

Fair value here is really 50p I think, given what we know today and what is only potential.

[temujiin] 15/5/2020 15:52

I'll be happy with low 30's next month George, and prefer a steady climb, but wont be upset at high 30's, tho cant see that yet, unless POG really blows.

[ukgeorge] 15/5/2020 15:49

:) High 30's this time next month, when it blows it is going to be like a rocket

[temujiin] 15/5/2020 15:45

Back up to 28 on the bid. share price will creep its way into the 30's in its own good time. HUM chucking off way to much profit for.it not to, but weaker holder will sell and bank some profits along the way as is normal, so I'm not expecting huge sudden moves, and if there were, I'd expect a pull back soon after.

[ukgeorge] 15/5/2020 15:40

Based on the chart, when the breakout is confirmed I think we get a sharp rise to 37p. Hummingbird should mint some medals for long suffering shareholders.

Must be a very disgruntled major shareholder selling. Maybe it was because of greedy Dans 1p options. Come on Hummingbird have as strong close.

[temujiin] 15/5/2020 15:12

Nice one George. Undervalued profitable gold companies are the place to be imo. Less keen on exploration and shovel ready gold companies, too much danger of dilution and progression slippage.

[ukgeorge] 15/5/2020 14:05

Temujiin, I just added 6447 @28.244p

Roll on 50p.

[dickbush] 15/5/2020 13:49

Gold has spiked to $1744.80. I'm a bit surprised given the good performance this week that, just ahead of the weekend, it hasn't been subject to profit-taking. But I'll take it!

[techandy] 15/5/2020 12:25

Some decent trades going through but share price isn't moving. Must be a largish sell being worked through.

[temujiin] 15/5/2020 12:06

I may do UKG, as I do like HUMs prospects and very profitable operation, but no more purchases today from me.

[ukgeorge] 15/5/2020 10:55

Temujiin, can you buy some more please

[temujiin] 15/5/2020 09:11

Ha Ha, well they finally scrambled around for 15,000 shares, which did push the offer up to 29p, and I can now sell at 28.15p. Lol

[dan_the_epic] 15/5/2020 09:10

It certainly does appear like it wants to break the recent highs today. And with good reason.

[temujiin] 15/5/2020 08:46

Can sell 100,000 at 27.2 but can't buy 1000. Will see if I can push the offer up with a fill or kill at 28p

Edit, well the bid moved a bit, but H-L still hasn't filled my 15,000 order despite being at offer. Certainly short of stock today at least.

[ukgeorge] 15/5/2020 08:41

I guess the market just needs reassurance so all the company can do is continue to hit production targets and keep costs in check. The next quarterly results should show the company being net cash positive. It is very frustrating but, fingers crossed when the penny drops the re rate will be spectacular. We may even get to 30p.

[dan_the_epic] 15/5/2020 08:38

Gold breaks out and suddenly there's no hum stock around this morning. Centamin and a lot of the US producers had a solid day yesterday [eg Barrick, Kirkland Lake]. Australian stocks were all up at least 3% as well. Monetary policy at the moment is absurd and this will drive a big bull market in gold

[avsome1968] 15/5/2020 08:08

Hums unloved by the market at the moment, if share price still languishes around this region next 6 months I will be selling up and moving on.

[casual47] 14/5/2020 22:13

This is like a drug addiction....It's like it's never enough. We should be sitting pretty at $1700/oz.

Within 6-12 months HUM will have delivered just on fundamentals alone with plenty of cash in the bank, and then even at $1400/oz 70-100% better should be doable.

[avsome1968] 14/5/2020 21:57

With market heading down again those that are selling may be deleveraging for the bad news to come in second quarter most gold companies were down but with gold surging they could have to buy in at a higher price, sit tight for 6-12 months if gold breaks $2000 we should be all 70-100% better of before years out.

[dan_the_epic] 14/5/2020 21:00

Nicked from the AAZ board

The Underlying Battle In The Gold Market
May 14

Alasdair Macleod: Gold has been trading in a narrowing range centred on $1700. The underlying battle was between some resolute speculators (hedge funds) and the bullion banks, who have been short all year. The daily chart below shows the classic month-old pennant formation that has resulted.

Gold Breaks Out – Set Tor Surge Another $250



Gold To Surge Toward $2,000
We all knew that when the break-out came, it would signal either speculators or the bullion banks would be crushed, and so did the parties involved. As it happens, it appears the speculators have won. Typically, breakouts from pennants are followed by a rapid move, mirroring the move in, telling us to expect a sharp rise in the gold price of up to $250.

Pennants are not infallible, but given the bullion banks were short before the coronavirus shutdowns in the US and Europe and all central banks’ subsequent promises to accelerate money-printing, the fundamentals appear to back a far higher gold price as well.

In the context of how markets generally are trying to adjust to the promise of monetary inflation, gold’s breakout should be regarded as a major indicator of adverse effects on currencies’ purchasing power in the coming months.

[dan_the_epic] 14/5/2020 15:50

Also agree LLB. Im expecting gold to reach $2k in q3. At which point I hope/expect this company is at least at 40p and ideally closer to 50.

[dickbush] 14/5/2020 15:17

Totally agree with you,casual, Dan, Deacon and LLB.

[laurence llewelyn binliner] 14/5/2020 15:14

Everything that can go wrong to drive the price of Gold up is unfolding now massive QE, Stimulus packages, Bond purchasing programmes, Helicopter cash direct to Joe public, FIAT dilution, all we have to do hold tight and wait for it to impact here, the company is progressing well and ticking off its milestones as the cash rolls in..

1st target is net cash positive in May or June, or about now... :o)