Hummingbird Resources Share Discussion Threads

[wassapper] 06/2/2017 15:17

The proposed acquisition of Cora by Glenwick offers a chance to give some real value to HUM for the these exploration properties. The value would never have been recognised by the market as a privately owned company. Good deal and HUM retains an interest by the look of things.

[substp] 06/2/2017 11:00

Didn't realise Cora had raised the $4 million through an offering ....

[danielmiller1] 06/2/2017 10:53

KOLA GOLD AND HUMMINGBIRD RESOURCES
TO AMALGAMATE GOLD EXPLORATION PERMITS
IN MALI AND SENEGAL
29 June 2016 ­ Kola Gold Limited (‘Kola Gold’, the ‘Company’;) and Hummingbird
Resources plc (AIM: HUM; ‘Hummingbird Resources’) are pleased to announce they have
entered into a Memorandum of Understanding (‘MoU’) with a view to amalgamating certain gold
exploration permits in Mali and Senegal (the ‘Amalgamation’), and in the process create a new
company to hold these assets to be named Cora Gold Inc (‘Cora Gold’).

[substp] 05/2/2017 11:48

"Hummingbird has an 85% interest in Yanfolila with a Malian partner holding 5% and
the Government of Mali retaining a 10% free-carry interest once all costs have been
recovered. According to the initial agreement signed between the company and the
government of Mali, the latter on top of the current 10% free carried interest has the
right to purchase a further 10%. We calculate the value of the extra 10% at US$10-
15m and we understand that this cost will be paid as part of the Government’s profits
share from the project."

Adobe Page 10



"We also note that, according to the company, the project carries a tax loss of
~US$90m, the result of extended drilling from previous owners including mainly Gold
Fields and Glencar Mining."

[westmoreland lad] 02/2/2017 21:04

oops , wrong board

[charles clore] 02/2/2017 14:45

I really like this company. Significantly under the radar!

[wilco1000] 02/2/2017 14:38

Excellent news

[westmoreland lad] 02/2/2017 12:51

RNS today -- new video. All on track for 1st pour this year !!

''Hummingbird Resources (AIM: HUM), is pleased to announce that it has published a video of recent activity on the ground at its Yanfolila Gold Project ("Yanfolila") in Mali. The video can be viewed on the Hummingbird website via the following link:
Having fully financed Yanfolila in 2016, the Company remains on track to deliver its first gold pour by the end of 2017, targeting 132,000oz in the first year, which will create one of the highest margin gold projects in Africa''

[bhafc5] 02/2/2017 10:02

At 8.58am purchased 40k . Shown in grey ! Why ?

[substp] 02/2/2017 07:56

"In 2009 Gold Fields, through a wholly owned subsidiary, reached agreement with Glencar on the terms of a recommended cash offer for the entire issued share capital of Glencar. At the time, Glencar's principal asset was the Komana project which now forms part of the Yanfolila Project. Gold Fields has an 85% interest in the Komana project with a Malian partner holding a 5% interest, assuming the Government of Mali takes up its free carried interest of 10%. The Government of Mali also has the right to purchase a further 10% interest. The Company will acquire Gold Fields' 85% interest in the Komana project pursuant to the transaction."

[4seeaproblem] 02/2/2017 07:27

I believe the shares are non dilutable and was always a exercisable option for the Mali Government.

[spooky] 02/2/2017 07:21

That's a bit of a shock to me, obviously I my research wasn't thorough enough. So they only own 80% of the project. I do not currently own.

[vatnabrekk] 01/2/2017 16:26

Somebody just bought £92k worth of shares in HUM today.

[westmoreland lad] 31/1/2017 15:48

Yes, thanks Riley. Excellent summary.

Had to change the hxxps to https. Cheers.

[bookwormrobert] 31/1/2017 15:29

Thanks for the link to excellent article!

[rileyma] 30/1/2017 20:24

hxxps://www.miningreview.com/magazine_articles/hummingbird-resources-building-one-west-africas-next-best-goldmines/

[charles clore] 17/1/2017 13:06

If you know the answer why ask me? Progress made to date is impressive. 120k oz p.a. rate of production by 2018 and mine construction finance is in place now. What can possibly go wrong?

[charlieeee] 17/1/2017 12:36

Well, you do not seem to have learned any lessons from Ariana.

Sometimes the clues are quite subtle, but why do you think that HUM voluntarily gave better terms to trigger the 16m shares recently and why was the ultimate finance deal not nailed down at the time?

£1 is ridiculous in the timescales suggested by you or the previous poster, unless gold goes parabolic, in which case you might find that the 22p crew present less of a TA wall to climb.

[charles clore] 17/1/2017 11:36

£1 a share may seem ridiculous at this point in time but when the company is producing 120k oz/y with an AISC of $600 and gold is upwards of $1500/oz then £1 will seem very cheap. The company is fully funded to production and that is just one year from now.

[charlieeee] 17/1/2017 10:47

Whilst this might be a decent project for a junior miner to go into production, it was sold by the "big boys" because it is of insufficient size to interest them.

All the indications are that this will stay a stand alone project and if it gets into production successfully, be the cornerstone of an expanding company, growing steadily out of internally generated funds.

At £1 a share, this would have a market cap knocking on £350m. You need to have a look around and see what else could be bought for that money, in production and with a good pipeline of projects.

The other issue to consider, of course, is profit taking: the share register will be full of investors who bought at recent lows, plus the 22p shares of the placing and the 16m shares yet to be paid for as per recent RNS. Whilst you may scorn TA, it will factor that in better than any fundamentals approach.

[janekane] 17/1/2017 04:57

I always think charts are unpredictable but you Chartists believe they can be read and interpreted
Good luck to you I believe the fundamentals and company moving forward are all I need to think this is a very good investement
Prospects that this has a massive gold reserve will take this higher
I also believe the big boys in the area will take this over and if they don't act within the next 2/3 months then a £1 price will be the value that they will have to pay
Good morning