Hummingbird Resources Share Discussion Threads

[plat hunter] 05/12/2023 19:50

Old news that credit, try to keep up.

Make sure you let Barrick know as well, just in case they're behind the curve too 🤡🤡

[creditcrunchies] 05/12/2023 18:58

I notice the Mali government has done a deal with Russia for a gold refinery is that supposed to be positive? I'd say run to the hills if you're an investor

[dickbush] 05/12/2023 16:42

JOLTS Hit Lowest Level Since March 2021.

The number of job openings decreased to 8.7 million on the last business day of October v 9.3 mil.

[borderterrier1] 04/12/2023 17:26

jedi k "Dan has promised the World 200 + oz in 2024 so I hold him to that output." You are obviously taking the Pi$$, right? Over a six year period, Dan has promised a lot of things.....and none of them have materialized. BTW, what were you saying about gold?

[plat hunter] 04/12/2023 16:57

Circa 5% range in pog today...Crazy volatility,

[dickbush] 04/12/2023 12:43

Let's not forget Dugbe. After a peaceful transition of power, Liberia must look like relatively safe geography, worth a premium EV/EBITDA multiple.

[bignads] 04/12/2023 12:37

Everything currently in our favour in terms of the price of gold - state of the economy, geopolitical uncertainty, charts, interest rates, oil prices, technical fundamentals, Santa rally, timing, broader narrative of the company ramping up delivery. Heading for 20pence by the next corp update in January.

[temujiin] 04/12/2023 09:32

That would be nice :)

[jedi k] 04/12/2023 09:27

UBS:Forecasts Gold Prices At $2,250/oz By End-2024

[temujiin] 04/12/2023 09:25

I wouldn't want to be long or short POG atm, too unpredictable. Look like 2075 gonna be a key level, probably gonna take a few attempts to get over and stick but wouldn't be surprised to see 2000 again either. Interesting fight tho.

[plat hunter] 04/12/2023 07:53

Well that was crazy, opened 3% higher then smashed back down... Capitulation for shorts??

[temujiin] 04/12/2023 07:24

Bobbing around the new support line. Hopefully it holds and we can kiss goodbye to sub $2k POG, which will be fantastic for HUM.

[polaris] 03/12/2023 23:55

Niners doing business v Eagles and gold broken to new ATHs. More of this please.

[temujiin] 03/12/2023 23:51

Yep, blown thru 2075 resistance. Guess Iran back Hothtie rebel attacks may have had something to do with it? If it sticks then all goldie SPs are likely to do well.

[plat hunter] 03/12/2023 23:38

Anyone still awake... Look at the gold price

[plat hunter] 03/12/2023 15:56

40pnwas also with 450 million shares in issue versus today's 600 million

[jedi k] 03/12/2023 14:39

40p was with only Yanni.Hence with Kor and double the output, we should look forward to 80p.Also, Dan has promised the world 200+ oz in 2024, in every presentation, so I hold him to that output. POG might correct to where it should be if the DXY continues to fall, Global Reserves move from dollars to Gold and the Fed Comex intervention is contained. You cannot keep shorting gold and at some time there will be unwinding like the Nickel fiasco of last year.

[plat hunter] 03/12/2023 13:51

Average spot for Q4 to date is 1940

[plat hunter] 03/12/2023 13:26

POG can go on a rip from here...

Peeps should note that oil prices are being supported by war and energy sanctions rather than economic activity. There will be a cessation on both at some point and we'll see a reversal on aisc's across the entire industry, making gold producers even more attractive.

[temujiin] 03/12/2023 13:19

LLB, generally after so many false dawn claims that POG will be on a tear up to $xyz, I'm pretty sceptical on POG forecasts, but atm I'm edging towards a POG breakout above 2075, but unsure how high or will if 2075 will become a new resistance level. Cautiously optimistic on POG trend atm but anything above $1900 is very good for HUM.

[laurence llewelyn binliner] 03/12/2023 12:54

#Tem, always best to err on the cautious side.. :o)

POG could run on from here with the rates / DXY outlook, but also consider the US drive to bring oil prices down, reverse sanctioning Venezuela now to get production up, while OPEC+ are cutting to do the reverse, so far CL oil has come off 95 down to 75 now and that brings our costs down too, hard to say which way the tug of war will play out, but POG looks odds on to continue its trend for a while..

Looking forward to the next the next update for Q4, Q1-2024 even more so, long time since 2019/20 and 10,000 ounces a month..

Also interesting to note that our share price was 40 pence in summer 2020, when our our AISC was 1,000 and POG was 1,650 with a margin of 650, much the same as today..

[temujiin] 03/12/2023 12:37

Platt, agreed sensible hedging is based on timing, and imo only upto the amount both mines could manage in a realistic worse case scenario of one or the other hitting prolonged issues.

LLB, I like your numbers but prefer to use more moderate figures on Aisc and production seeing as HUM have often disappointed. It's still exceedingly good profit for HUM.

[laurence llewelyn binliner] 03/12/2023 11:15

#PH, interesting to note the future has been +25 ahead of spot, now it has caught up, got my attention too over the last couple of months.. :o)

#TEM, hopefully you are light on the numbers there..

IF we can hit 1,350 AISC across both mines from 2024
POG 2050
Margin 700
200,000 ounces
USD 140M EBITDA

[plat hunter] 03/12/2023 08:00

Tem.. I agree the argument changes once we have steady state out of Kor.