Hummingbird Resources Share Discussion Threads

[seagreen] 21/5/2020 13:06

Well luckily it is not up to us 8-)

I know people have diferent views.

But paying off $54m at 9% (from memory) hits the p/l at $4.8m and the AISC at $4.8M or $40 an oz if say 120,000 oz/annum a healthy saving and it would show the team had a track record of building a mine and paying back the debt ...which if they needed to borrow again at more benificial terms for the next project in this low interest environment would be very benificial I would sugest.

A 10p dividend would cost $35M a 5p dividend would cost $17.5m etc


gold may not be so high forever!

Anyway time will tell but I would expect it to be at least 40p if debt free ...trouble is a major would bid for us....not sure why they have not anyway....

[avsome1968] 21/5/2020 12:53

Wonder if MAHARISHI who still holds 12.78% is going to carry on selling if so think we are going to be stuck under 30p for some time.

[casual47] 21/5/2020 12:48

Can't think of a better time to take on debt, really. As long as it's for a purpose that makes sense.

[casual47] 21/5/2020 12:47

Acquisitions (e.g. Cora) or development capex on existing assets which would make sense to do via debt rather than organically.

[bittorrent] 21/5/2020 12:43

casual47, are you expecting HUM to take on more debt? I thought the aim was to clear the debt with the cash they are generating from gold sales and be debt free. Taking on more debt would only make sense if they are looking at acquisitions to grow the business.

[casual47] 21/5/2020 12:08

Polymetal's debt is more than $1.5billion. They aren't doing too badly.

I have patience to wait for dividend to start end of next year when HUM should be debt free, however, having debt is in itself not a reason to not have a dividend policy.

Any dividend policy should make sure debts can be serviced, sufficient capital is left to go back in the business etc.

HUM is in the early stages of its growth so it will be inevitable that more debt will be taken on. That can be done safely and wisely in conjunction with a dividend policy.

[ukgeorge] 21/5/2020 10:45

grown ups are boring. Roll on a close above 30p.

[new_buyer] 21/5/2020 10:41

Our friends from Mauritius bought in when the share price was mid to high teens so no surprise that they have banked some of their profit and as some on here, or on the grown up thread, and LSE have mentioned it might just be down to their rules for balancing their portfolio, who knows but we will know if they continue to sell into the rise.

[goldgoldgold1] 21/5/2020 09:29

My concern is that the seller is one of the large institutional names selling very large amount of stock. I know Sustainable has had large redemptions this year so are forced non economic sellers. Leaving a 30p offer with this much volume going through makes no sense unless you need to clear a very large amount of stock.

[new_buyer] 21/5/2020 08:23

Dan lets hope you bring buckets of good luck and we can get through the 30p barrier today!!

[kennyp52] 20/5/2020 22:55

A share will be taken more seriously when it gives its investors a return ... a dividend.... if it is generating so much cash then start paying dividends . Unless there are bargain acquisitions but they tend to cause as much concern to an share price than good . The only people getting a return in companies like this until they start doing what their prospectuses said they would is the directors .

[avsome1968] 20/5/2020 21:05

Coro been tinkering along last 5,6 days with not much volume either mms short of stock or some good news on the horizon, maybe resource update , up 48% in coro lot better than I am in hum.

[dan_the_epic] 20/5/2020 16:38

I hope to bring good luck with me ;-) and if all works out as I hope/expect, then we can celebrate together

[borderterrier1] 20/5/2020 16:33

Dan. I sincerely hope you are right. Good luck to you.

[dan_the_epic] 20/5/2020 16:31

That I agree on!!! Brokers way about thinking about tiny oil and mining stocks are stupid.

3.2m of volume today very very healthy. Expecting tomorrow to bring a test of 30p again given how the ask ticked up slowly through the last hours of trading.

Good evening fella

[borderterrier1] 20/5/2020 16:30

Dan. I agree. But usually the brokers note doesn't result in successful prosecution by the FBI for pump and dump violations does it?

[dan_the_epic] 20/5/2020 16:22

Cmon BT, you know as well as I do that almost every exploration mining company has a broker note with 100, 200, 300% upside. It's completely irrelevant in 95% of cases. Cash is king. Mining isn't different to other sectors in that respect. Most investors will only give them any kind of consideration when they are a proven producer with a decent balance sheet.

[borderterrier1] 20/5/2020 16:19

Dan. How could the 60 p broker prediction from 4 years ago and the glowing 10 page report from the company mouthpiece Fsj be classed as a "false dawn"? I have other gold/lithium stocks that are doing very well. This is a mystery.

[bittorrent] 20/5/2020 16:11

What's going on at CORA? Up 20% today.

[dan_the_epic] 20/5/2020 16:11

Cora running.

[dan_the_epic] 20/5/2020 16:11

Border I never bought into any of those false dawns of the past. To me (if not you), today is so so different from any of those dawns. That's why for me at least i'm buying now and not then

Cora going on a run this afternoon FYI.

[borderterrier1] 20/5/2020 16:05

Dan. I have held a significant position here since 2016. Over this time this has been routinely pumped up by brokers, company mouthpieces etc. When it moves up it ALWAYS comes crashing down again as a result of big position sellers bailing out and this has been a constant frustration. Sorry, but I can't see that changing anytime soon with the current management.

[dan_the_epic] 20/5/2020 15:52

Invested for several weeks. Had this on my long watchlist since 2014 believe it or not. Rejected it every single time until it started to look interesting when I looked it it again in September last year and have been following very closely since. It has taken me 6 years to think the stars have now aligned. Like many in mining, I dont trust jam tomorrow stories so I don't touch cash draining explorers which ruled this out for so long.