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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hummingbird Resources Plc | HUM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 08:00:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.50 | 7.50 | 7.55 | 7.50 | 7.50 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 16/4/2024 08:36 by dickbush Gold Seen Hitting $3,000 at Citi as Investor Inflows Juice RallyCitigroup joins list of Wall Street banks upgrading forecasts Bank’s analysts raise price estimate for next year by 40%. Gold is set to reach $3,000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc. said, adding to a roll call of Wall Street banks that have raised forecasts. Analysts led by Aakash Doshi upgraded their estimate for average prices in 2024 to $2,350 and made a “massive 40% upward revision” in their 2025 prediction to $2,875. Trading will “regularly test and breach” $2,500 in the second half, they wrote. Gold traded at $2,387 by 1 p.m. Singapore time Tuesday. |
Posted at 13/4/2024 17:44 by plat hunter More chance of that happening with Coris firmly on charge than a band of disorganised private investors. |
Posted at 09/4/2024 12:27 by jedi k Bank of America (BofA) expects gold prices to average $2,500 an ounce by the fourth quarter of this year as demand from central banks and Chinese retail buyers has been firm."Gold remains one of our favourite metals and we expect prices ... potentially hitting $3,000 per ounce by 2025," BofAResearch said in a note on Monday.Spot gold prices hit a record high for an eighth consecutive session at $2,365.09 an ounce on Tuesday, with support from momentum-following funds and growing geopolitical tension. GOL/ The price rally comes as expectations increase for the U.S. central bank to deliver its first interest rate cut in June, as lower rates burnish the appeal of holding non-yielding gold.BofA said the precious metal would move higher if Western investors joined "the party on rate cuts".Bullion's steaming record rally has spurred other banks to raise price forecasts.UBS said in a note that it expects gold to make further highs over the coming quarters, following a brief pause in the near term. It upgraded its 2024 year-end bullion price target to $2,400.Citi also lifted its price targets, adding that alternative-fiat demand, geopolitical hedges, macro-overlays on equity and credit portfolios, and financial buying catching up to robust physicals appear to be working in synch to push the bullion complex higher.In its bull case scenario Citi expects prices to average $2,500 in the second half of this year.On other precious metals, BofA said that since palladium demand was dominated by auto catalysts, it was likely to underperform platinum."Silver to rally above $30 ounce over the next 12 months," it added. |
Posted at 06/4/2024 14:40 by borderterrier1 kennyp52 You are 100% correct. I certainly wish I had never invested. Many with much better investing savvy than me thought this had actually at last turned the corner, as the recent spike indicated. But, once again, it fizzled out as it always does, with no explanation from the "management". Nothing. That's absolutely shoddy treatment for the long time faithful shareholders. But of course, the explanation may be simple as you say?This is behaving completely irrationally now, nobody knows what is going on, there is no logic whatsoever and the Ceo is once again treating long time investors here with absolute contempt. Starting to look as though everybody (apart from the Ceo and management of course) has been screwed here, including the banks. It's disgusting and very disturbing that this is allowed to continue. |
Posted at 20/3/2024 14:15 by borderterrier1 TBTT I warned everyone repeatedly about this when my Dubai client lost a packet. I worked in Baku, Azerbaijan for three years and got to know the owners of Anglo Asian Mining. They knew the score here but nobody listened to me, I was branded as the board idiot.But it is very, very disturbing to me that investors who actually do complain to the appropriate authorities, (I didn't, but I do know some who have done that), are ignored. AIM companies can lie, cheat and do ANYTHING they want to entice investors, and there is absolutely nothing in place to prevent it. So research of any sort is absolutely futile. Very sad. |
Posted at 18/3/2024 21:24 by kickingking I would listen to borderterrier. He been here long enough and has seen it all. One broken promise after another. The Betts can not be trusted. Much better companies out there to invest in with less of a gamble.Above is what I said only Yesterday. Dan Betts has always been second hand car salesman with a gift of the gab to sucker new gullible investors when the old have left. New gullible investors will turn up soon to tell everyone, now is a good time to invest |
Posted at 18/3/2024 09:16 by burt777 Absolutely agree as ever about the past.Like I said my point is now they have to do this or it’s curtains hence the low valuation. So I am here looking at it from the perspective of I believe they’re no reason they cannot do it based on the belief they have put their jobs in jeopardy. They either have a mine second mine or that don’t and at the current gold price and the mine plan jaded old investors like yourself might be wholly wrong at this junction. Yes I do have an agenda I want my investment to work and I am debating my logic which you can see. I’m clear in my mind you want vindication that you are correct. Most boards on AIM’s job is to raise money and talk up their company and they often fleece investors I agree. But you cannot argue that Betts is fighting for his survival now in the belief he will succeed as the major investor can and will remove him if he fails. You have to believe from this point they believe in the chances of HUM to invest such a large amount. I’m looking forward to your posts if they do hit 10,000 oz a month on the new mine. When visibility of production is known and the mines performing it will have to double in value. It is a binary bet hence not much trading or volume and that’s exactly why it will either explode or drift if the picture is not clear soon. I think their will be positive rumblings soon as the grade increases so will the hype HUM has as good a chance as anything of been successful from this point in its journey. Your right that nobody believes Betts but I’ll believe the new investors and non executive taking 0.9% I’m convinced I’ll do well here |
Posted at 17/3/2024 22:57 by burt777 As I have said I have followed the story here and never thought yanofilla would create shareholder value. But they did pay off that loan and move on to a second one building the relationship with coris bank. But it seems to me that a lot of risk has been removed in that the mine is built. Commissioned and nearly through the ramp up process. It’s clearly producing low grade gold. So the only thing in question is it a 120-140,000 oz a year operation and is the jorc resource and mine plan correct. I believe it will be.I can understand the frustrations of long term investors however they had to follow this path to diversify and add ounces and delays and mismanagement has led to this opportunity as debt at its current rate is not that high in this gold environment as all the calculations were done at 1750 gold. We are now 400 dollars higher. I think once yanofilla underground adds to the grade also this could be a big producer. If they do get this right then the share price will react I don’t think the share price has been able to do much the last 3-4 years as it’s been in a growth stage and they have had operational problems But now everything seems like it has a good chance of success Like I said Betts and Co are aligned now with shareholders as in if they get it wrong in the next year the African investors will remove him and take it. But I don’t think they want that and believe it’s an easy investment. Also like I say why would Ernie nutter take 0.9% of the company , he certainly knows his stuff and it’s a huge vote of confidence. I’ve only taken a second look her bases on his investment. I don’t think people believe the second mines going to get going. But it’s a very large probability that it’s going to produce the stated gold , the ramp up phase is 3 months behind and it’s spooked investors because of the required new capital. But shares are tight and we know this will move hard if they hit the lower guidance even Are we to believe the lower guidance? I think actually for once Betts is under promising and I’ve a feeling we could do 200,000 oz this year as it’s often the case a new mine can over perform the first few years when it’s in the good stuff and I think they could plunder the good areas to catch up It’s all weighted to H2 and all we are really looking for at this point is ‘commercial production’ Q1 won’t be great we know that but it’s the indication of what’s to come once commercial production is reached I expect they might tell us the first commercial pour |
Posted at 17/3/2024 13:17 by burt777 Absolutely get that ….. but do they have a new mine or not ? You either believe it or you don’t , coris bank , the African specialist investors. Ernie nutter investing largeYanofilla was never going to see the company take off , but they have managed to expand with debt. If they can pay that off which looks likely to me then shareholder value will come They have no choice to pay it off they have to do this. So all interests are aligned for once. I’d suggest people don’t really understand the journey can take a decade plus I think from acquiring the new mine , building it and getting it ramped up has been exceptionally fast. Yes theirs been problems but this is mining and if it starts going well this will re-rate very fast on the expectations debt is easily repaid , not Long to find out I’d suggest. There are always stale bulls and disappointed investors along the way. I sold out of HUM 3 years ago as saw this all happening and now I am back at rock bottom valuations to ride it back up Easy stock pick with a great chance from here You either believe in what your doing or you don’t Why do it if not ? It’s a new mine and the gold will flow very soon and the herd will arrive and in a gold bull this will go ballistic when it’s ready and people model the annualised gold production |
Posted at 16/6/2023 13:54 by borderterrier1 Kenny. If what you say is correct and new investors believe what they read on here, why does this share price never, ever show a positive response by moving N? After all, the number of positive comments from smart, knowledgeable investors far outweighs the occasional negative ones from me (and others), don't you think? I believe new investors deserve to hear the facts, not hyperbole. After this length of time I would think it should be abundantly clear to any investor who does their due diligence that this doesn't move now because nobody has confidence in the Ceo and management, no other reason. And BTW, realistically, how could ANY investor that researches this show confidence now? Over the years, there have been plenty and they eventually realize that this is a lost cause and move on. I would love this to move N, I really would but expect this to sell off by all the long term holders if it ever does now. Seven years is a long time to wait for a positive result. Who would you blame that on? |
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