Hummingbird Resources Share Discussion Threads

[plasybryn] 18/12/2017 20:55

For some reason I had it marked in my diary that the first gold pour announcement would be on Tuesday 19th! I wonder why that was? Will it be proven correct!

[cockneytrader] 18/12/2017 20:48

LSE at it again. Winding each other up. They need to get real and get a life. Gold will be poured soon, ramp up will begin thereafter. Patience please.

[ukgeorge] 16/12/2017 11:52

Off topic, petra diamonds pdl broke their 12 month downtrend on Friday. Worth looking at their company presentation. A great story. Obviously hum is at a great point and hope/pray it all goes to plan.

[charles clore] 16/12/2017 08:49

I dont know who darolas comment is aimed at but HUM management is the epitome of professionalism imho.

[divmad] 16/12/2017 07:04

Darola? Uh?

[darola] 16/12/2017 06:42

That the same management you think are unprofessional?

[charles clore] 15/12/2017 20:35

A nice little bounce off support today. Exciting times.

[charles clore] 15/12/2017 14:09

All being well there's only one direction for this to go. And the management haven't failed us yet.

[brucie5] 15/12/2017 12:36

Strong multiple top at 39/40 area, so depending on how the market sees this RNS it will either slink down or blow back up. Once it's through, if it does get through, 40p will become the bottom of the new range. All speculative, of course, but the potential is there. I hold on that likelihood.

[ukgeorge] 15/12/2017 12:33

 Hummingbird Resources (HUM LN) commissions Yanfolila Gold Mine in Mali. First gold pour is expected before the end of December with commercial ramp up during Q1 2018 targeting 130koz production during the first full year of production. Source: Company


Investec View: A critical period for a new producer, fingers crossed all goes smoothly for management and shareholders.

[croasdalelfc] 15/12/2017 11:55

Ore on the conveyor.hTTps://twitter.com/bertmonro/status/941637455656226817

[charles clore] 15/12/2017 09:59

George - thanks for putting it into perspective. However, given the company's previous track record of success in every category I really thought the market would have cut them some slack.

[darola] 15/12/2017 09:45

I'd say they were milestones not hurdles.

[ukgeorge] 15/12/2017 09:42

The reason the share price is not going higher is that there are still huge risks.

Yes they have built the plant which is great but.

Now we have to prove that the ore body is understood and matches the models.

Then we have to prove that the metalurgy is fully understood and that the recovery rates can be achieved.

These are huge hurdles and should not be underestimated.

This is why the share price is not 50p or more.

Commercial production is the most important milestone, followed by a few quarters of meeting production targets.

This idea that first gold pour is actually important is a load of .....

Rant over.

[charles clore] 15/12/2017 09:33

They have done everything right, meeting target after target within budget. But the lacklustre market response to virtually guaranteed gold pour by 31st December is quite astonishing. Perhaps they think it's already in the price - like the $70m free cash flow in the first year of production!

[qs99] 15/12/2017 08:16

let's hope the GP gets back through $1,300 soon and helps HUM Free cash flow even more then! but at £125m market cap, IMO that looks cheap but they need to extend mine life

[croasdalelfc] 15/12/2017 08:11

9% a year for 4 years

[croasdalelfc] 15/12/2017 08:10

$60m loan from Corina loan facility

[shortarm] 15/12/2017 07:55

Seventy million is good free cash!How was the mine funded? Equity or debt?What debt to they have?Thanks in advance....