Hummingbird Resources Share Discussion Threads

[dan_the_epic] 27/5/2020 12:51

Id be surprised if 2019 was a net profit after tax, still expecting a small loss. But cash earnings matter a lot more than accrual earnings.

If free cash generation is £20m or better for last year then i am happy.

[ronwilkes123] 27/5/2020 12:37

Have you emailed them to ask ?

[new_buyer] 27/5/2020 12:35

But might not be tomorrow so a few days of painful posts still to go!!

[new_buyer] 27/5/2020 12:35

Hallelujah

[ronwilkes123] 27/5/2020 12:32

Tbf real tangible results and I'll lose interest in posting here. So if tomorrow's good I'll be off

[new_buyer] 27/5/2020 12:26

Could ronwilkes actually be Borderterrier posting under another name? Same MO.

[ronwilkes123] 27/5/2020 12:25

Because this is the same as shanta - lots of bloated ideas but never any real tangible cash profit.

[charlieeee] 27/5/2020 12:03

Well, why not post on Shanta Gold, if that was where you were burned? You would have good reason, as they have already posted their 2019 figures, showing losses, despite the rising price of gold in H2".

Here, the expectation is of a first annual production profit for the company for 2019 (undoubtedly, H1 will bring it down, but it will be a profit) and substantial operating cash flows (even in H1 there was $15.8 million) mainly utilized for capex ($11.1 million)and financing repayments ($18 million). The second half year should see an additional $30 million (the "gap" between H1 revenue and AISC of $8.675 increased in H2 to $38.2) so the operating cash flow numbers should be quite interesting.

As others have said,even though 2019 will mark important milestones for the company, profitable and cash positive, they will provide no guidance as to what is to follow in H1.2020 and of course, looking forward, 2021 sees the end of the loan repayments, which provides a further quantum leap in cash build on the balance sheet.

[new_buyer] 27/5/2020 09:44

Another non investor posting!!

[ronwilkes123] 27/5/2020 09:17

Was burned badly by shanta years ago so have always had an interest in gold miners especially in times like this

[dan_the_epic] 27/5/2020 09:09

Free world and all that but why do you post here specifically if you don't own any shares and are long the commodity?

[ronwilkes123] 27/5/2020 09:07

Simply no buyers a day before results and weakening goldNot great hum atm

[desha] 27/5/2020 08:13

UKGeorge26 May '20 - 20:06 - 8684 of 8691

Hi interested in your comment about ASIC being non conformant and significantly understated. Do you have a link to that?

[avsome1968] 26/5/2020 22:20

RON
Again avsome you put on the Cora board last week you dumped most of your holding here

Need to read again i was top heavy here sold only 78,729 share in 2 transactions 55k and a 23,729 trade still have 200k left, so not sure what your on about.

Cora Board

Yes sold a third of my holding in hum today with that holding company selling and if continues to sell remaining 12% just cant see huge gains there, i have a reasonable holding here tempted to buy a few more tomorrow something going on behind the scenes, price steadily rising on not much volume , cant see a bid from hum, but you never no.

[temujiin] 26/5/2020 21:05

TBO I couldn't give a toss about 2019 Full Year Results. It's historical and looks at where we were. I've only just invested in HUM this year and all I'm interested in is where they are now. I appreciate others have been in many years but for me Q1 2020 is my guide to where the company is and where it's going.


Q1 2020 Production Results and Operational Update

Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM:HUM) is pleased to provide the following operational and trading update for the first quarter 2020 ("Q1 2020"), at its Yanfolila Gold Mine in Mali.

Yanfolila Operational Highlights


· 30,282 ozs of gold poured in Q1 2020 (33,892 ozs in Q4 2019)

· US$875/oz AISC in Q1 2020 (US$839/oz AISC in Q4 2019)

· 24,575 ozs of gold sold in Q1 2020 at an average price of US$1,568/oz

· 2020 Exploration program well established with over 1,200m of drilling completed so far

· Total Recordable Injury Frequency Rate ("TRIFR") at 2.3, meeting target of lower than 2.5

Corporate Highlights at 31 March 2020

· Liquid assets (cash and gold) of $25m ($14m at end Q4 2019)

o Cash of US$8m (US$9m at end of Q4 2019)

o 11,000 ozs of gold inventory on hand (2,900 oz at end Q4 2019) worth approx. US$17m at 31 March 2020 gold price

· Bank debt of US$34m, repaying US$6m + interest in the current quarter (US$40m at end of Q4 2019)

[dan_the_epic] 26/5/2020 20:58

Apology accepted, Ron. No lingering hard feelings!

[borderterrier1] 26/5/2020 20:54

ronwilkes123 Correct. The same is true of new_buyer and "Long and Strong" Frank Campbell who very kindly (as he would have us believe) wrote the FREE glowing report on this several years ago. Where are you now Frankie boy, to ashamed to show your face on here I guess? What you did was IMO far worse than me speaking the truth to warn others of the short falls here.

[ronwilkes123] 26/5/2020 20:52

Apologies dan i believed I read that you had diversified some risk into aaz. I took that to mean you had sold some here. That's my misunderstanding

[dan_the_epic] 26/5/2020 20:47

That's because I don't lie. I have never sold a single HUM share to buy any AAZ shares. Nor have I sold ANY HUM shares. Sorry but that post leaves a really, really bad taste in my mouth, Ron.

[ronwilkes123] 26/5/2020 20:38

Are you backtracking now on hum dan, not great results ???I noticed you moved some onto aaz. Problem with your type on here is your ramp and ramp but never mention when you sell, leaving newbs who have followed your posts stuck.

[ukgeorge] 26/5/2020 20:06

Debt over 2019 dropped from $61M to $40M
However,
Cash over 2019 went from $21M to $9

So Cash generated was $9M.

This pretty much explains the lacklustre performance of the share price. The second ball mill was $13M. Hopefully it has been paid for.

The stated AISC are not worth the paper they are written on and do not conform remotely to the WGC guidelines. The true cost of production is about $1100.

But, the good news is that the gold price has shot up $300 and turned the mine from break even to being a cash cow. Fingers crossed prices do not drop significantly.

[dan_the_epic] 26/5/2020 19:30

Id take you on the other side of that bet all day long

[borderterrier1] 26/5/2020 19:29

Dan_the_Epic. My prediction is that this will be back around 20p in two weeks, regardless of what new_buyer AKA the Pied Piper says. I've been right many times in the past. These guys are minors, unfortunately not gold miners.

[dan_the_epic] 26/5/2020 19:14

UK can give his thoughts.

The first half of 2019 results were not great which means be definition the full year will not be great. However, I expect that if you compare the second half to the first half, there should be a massive improvement in the trajectory. Anywhere around $40m EBITDA give or take $2m would be welcome.

[pastybap] 26/5/2020 19:07

Hi UKGeorge, I was quite interested in getting in here. Why do you think the results will be negative?