Hummingbird Resources Share Discussion Threads

[wilmot] 05/1/2018 08:24

Overhang gone I think.

[qs99] 05/1/2018 08:22

Tipped or share overhang gone?

[rickyhatton] 05/1/2018 08:05

Lindine and/or SR Global, one or both clearing out their less than 3%. (Circa 10m each) I guess is its SR Global. Must be nearly cleared now, touch wood.

[croasdalelfc] 04/1/2018 19:44

Late trade showing 400k sell - maybe overhang cleared

[daz] 04/1/2018 16:26

As the share price has finally edged up, I think the overhang has gone now, even though volume has not been that spectacular today

[charles clore] 04/1/2018 15:48

Oh no George - I just bought 15k before they went up!

[ukgeorge] 04/1/2018 15:41

the bottom should be in now as I worried and sold 10k shares a moment ago and right on cue they have moved up :)

[charles clore] 04/1/2018 13:13

Thanks darola. I was thinking that myself. With so much achieved and more to look forward to, selling at this point doesn't seem logical for the larger institutions but appreciate there will always be some PIs falling by the wayside for one reason or another.

[darola] 04/1/2018 13:03

Could just be ii housekeeping. Response from Hum when I asked if major holders was up to date.

We get a list from our registrar every month and check it against the website and also receive directly from funds TR1’s if and when they trade and move through % marks. Sometimes funds also move shares between accounts which show as sales but are in fact transfers so it can be misleading.

[lasata] 04/1/2018 12:20

What was the verdict on large share volume traded last couple of days?

[plasybryn] 04/1/2018 11:16

I hope the Co. keep momentum going by updating us on progress towards full production.
At the moment fickle traders off for pastures new.

[edjge2] 04/1/2018 11:02

Been holding through the gold doldrums. First pour achieved and price drops 13%! Given gold's likely rise and possibilities with this crowd. I'd better get my adder out soon. They were minting their own real golden coin. Gone a bit quiet on that. Collectors item?
OTT Held in my international account so cash on cannibis, weed, acb, aphira for now.
That likely to blow off soon

[zhockey] 04/1/2018 10:27

Happy New Year Mr Bravo.

[charles clore] 03/1/2018 21:10

Thanks Jim and here is what seekingalpha says about HUM.Hummingbird Resources (11/5/2017)Hummingbird Resources has two advanced open pit gold projects in West Africa (Mali and Liberia). It looks like a can't miss stock. They have 6.4 million oz at 2 gpt and another 150 targets on 1 million acres. The Yanfolila project (2.2 million oz at 2.5 gpt) in Mali is a near-term producer (Q1 2018) at 100,000 oz, with cash costs of only $650 per oz. The $80 million capex is funded ($70 million equity financing) and it has a 50% after-tax IRR. They will use this project as leverage to finance Dubge in Liberia.They have a smart management team and know that cash is king in the mining business, keeping their cash balance high. They have $50 million in the bank and construction at Yanfolila is 86% completed. Plus, they will have significant cash flow in 2018 to advance Dugbe, their next mine. The Dugbe project (4.2 million oz at 1.5 gpt) is also economic (29% IRR at $1300 gold) and heading toward production of 125,000 oz in 2020. The capex is $212 million, but should be easy to finance. They have a very good management team and it is a shallow open pit, which is easy to mine. And Liberia is a mine friendly country. Perhaps the best place to mine in West Africa. It's no longer cheap, with a FD market cap of $180 million. However, it could still be a 10 bagger if they build both mines and gold prices rise. I could be wrong, but if they aren't a 5 or 10 bagger, I'll be surprised. They have all of the factors I look for: large resources, low to moderate costs, economic projects, a pipeline for growth, strong management, a path to production, likelihood of financing, and a decent ore grade. It's not in a great location (West Africa), but Liberia and western Mali aren't too bad

[jimbowen30] 03/1/2018 20:27

more on HUM. Let’s not lose sight of the big picture...the prospects are very good

[jbravo2] 03/1/2018 19:09

double post

[croasdalelfc] 03/1/2018 18:54

High volume again 4 million at 34.25 the share price held up quite well

[zhockey] 03/1/2018 16:28

I'm of the view gold will go up along with the economy, similar to 2001>. I don't think gold needs a crisis to do well.

[zeberdie] 03/1/2018 16:24

Something tells me you are gutted those construction figures never smashed gold :-)

[shortarm] 03/1/2018 16:12

I think he meant tWit....?

[zhockey] 03/1/2018 15:52

Westie, I don't do wit.