Hummingbird Resources Share Discussion Threads

[croasdalelfc] 18/1/2018 18:20

Caledonia Mining CMCL produced 55k oz in 2017 at all in cost of $800 and only have a Mcap of £58 millionThey are in ZimbabweThey have cash in bank make a profit and now pay a quarterly dividend .They have a 49% interest in the mine Am I missing something or is CMCL deeply discounted as well?

[ukgeorge] 17/1/2018 11:12

hxxps://www.voxmarkets.co.uk/blogs/hummingbird-resources-hum-alan-green-cyan-hat/


thanks found it

[rileyma] 17/1/2018 10:53

for some reason it was removed off my post yesterday ???

theres one on lse

[ukgeorge] 17/1/2018 10:38

has anyone a link to the vox video that they can share? thanks

[gilotron] 17/1/2018 09:16

great interview on vox. I do like the mgmt.

[croasdalelfc] 16/1/2018 17:46

I think it was BItcoin to 10000 wasn't it

[charles clore] 16/1/2018 15:00

Lol - they always say it might swing lower first. Like gold will go to 10,000 but it might have to go lower first. Wow I think I could make a decent living doing that job!

[croasdalelfc] 16/1/2018 14:07

Nic says - if it clears 39.6 then next stop is 56 but it might swing lower first.Needs the 200dma to catch up but it acts as support

[croasdalelfc] 16/1/2018 13:55

Nic charts on Voxmarkets and Bert on later

[rhuvaal2] 16/1/2018 13:29

Croas' I agree that Bitcoin having a jumpy ride should steer basic investors into gold and other pm's

[lasata] 16/1/2018 13:24

Agree CC.........not many HUM's around at present.

My guess is they will strike more deals in WA and that they will become a mid tier producer in time......if not taken over. Betts is ambitious!

[rileyma] 16/1/2018 13:24

bert on proactive,,,,

[...]

[charles clore] 16/1/2018 12:36

lasata - in my view 40p is a given. What comes after that is down to performance i.e. ramp up to full production and other variables like grade, overburden and keeping to the cost profile which they have proved to be good at. One might also ask what they will be doing with the $40m in the bank account. This seems excessive amount to carry but it does mean they can pick and choose local projects that will add value without diluting the existing equity base. What a situation to be in and one that many other new miners would give their eye teeth for.

[lasata] 16/1/2018 12:16

The combination of the "on the ground production" ramping up with a technical position on the share price chart (40p breaks then 60p comes into view) is beginning to make HUM look quite enticing. It looks like the management will deliver as outlined and a share price rerating will take place accordingly.

[darola] 16/1/2018 12:08

Why are you assuming the picture is all they have produced? And not believing what they have written in black and white? Which supports Cd's conservative view?

[ukgeorge] 16/1/2018 11:39

I reckon they have produced about 40-50 kg from the photos shown on twitter.

so around 1,500 oz, which is imo actually still a very respectable amount.

Don't get me wrong "I would love it" to be much higher.

Hopefully we will get monthly updates as to how they are progressing and commercial production in March

[croasdalelfc] 16/1/2018 09:59

Bitcoin under pressure , gold on the rise

[lasata] 16/1/2018 09:53

You cannot fault the management thus far...........they deliver what they say they will. That counts for a lot in this business

[charles clore] 16/1/2018 09:28

Its always nice to be surprised to the upside. The fact that they are shipping dore is a huge milestone imho.

[croasdalelfc] 16/1/2018 09:11

https://twitter.com/hum_gold/status/953161847552794624

[croasdalelfc] 16/1/2018 08:04

Hi George is isnt production capacity approx 11,000 oz a month?11,000. X 0.65 /2 = 3500 oz for Dec and I've rounded down to 3000

[ukgeorge] 16/1/2018 07:40

You are massively optimistic.

[croasdalelfc] 16/1/2018 07:28

I make it about 3000 oz in Dec and 4000 in Jan with average gold at 1300

[ukgeorge] 16/1/2018 07:21

Q4 update"Ramp up to commercial production remains on plan- Plant throughput at 65% capacity during last two weeks of December- Plant throughput reached 75% capacity in January 2018"Pretty good news

[zeberdie] 15/1/2018 17:19

double decker :))