Hummingbird Resources Share Discussion Threads

[borderterrier1] 10/4/2024 15:16

temujiin Perhaps "the uncertainty" isn't shared by others? Perhaps (for a select few) Hum is "holding up" for good reason?

[laurence llewelyn binliner] 10/4/2024 14:17

#DB, todays US inflation data will knock any rate cuts into the long grass for another month or 2, higher rates for longer results in a stronger USD/DXY and POG now dropping off a little as are index futures..

Gold was pricing in a weaker inflation data set and the prospect of rate cuts sooner, only 0.1% in it but May 15th for the next ones..

[edit], despite a pullback when the US inflation data dropped, POG futures are now recovering.. :o)

[backmarker] 10/4/2024 14:00

I'm hoping they get back over 10p when I will cash in enough of these to pay for a Total Knee Replacement.The NHS did the left one a couple of years ago but are overdue for doing the right one.

[temujiin] 10/4/2024 12:49

HUM holding up really well considering the uncertainty. Would like to get a sizable holding back in for Kouroussa but still too many unknowns imo. Good to see the rises tho for you guys who stayed in.

[farrugia] 10/4/2024 12:18

however i despise doing so (as i think its undervalued!) i lightened up a bit on my holdings here as it was too much - but then i had bought some at 4p amidst the panic. Some of my topups were 12p+ With this bunch you need to have the ammunition to top-up if necessary. The moves here will drive a normal person's blood pressure up the skies.

[backmarker] 10/4/2024 11:10

Despite the lack of news the share price is still climbing. Clearly enough punters think it a bargain of sorts.

[backmarker] 10/4/2024 10:08

Then you probably remember BES and the 80s.Some real crackpot schemes, like scallop farming and angora llamas.

[jaspoland] 10/4/2024 09:43

Backmarker, no stress mate. Been in this game for too long. AAZ set me up for life :)

[jedi k] 10/4/2024 09:41

At the current gold price, when we get up to commercial production the debt payback is less than 1 year. Yanni will also be higher grade from Q2 this year.

[plat hunter] 10/4/2024 09:11

I'd tie up your laces now then Jaspo, 11p is going to come very quickly

[backmarker] 10/4/2024 08:57

Jaspo, if small miners are too stressful for you then definitely stay away from small pharma.

[jaspoland] 10/4/2024 07:51

PH I'm still invested unfortunately but not topping up anymore. An average around 11p so it would feel like an escape if I could recover that.

[darrenhorsfield2] 10/4/2024 07:34

I be happy with 20p

[plat hunter] 10/4/2024 07:29

Out of interest Jaspo at what price did you "run for the hills"

[laurence llewelyn binliner] 10/4/2024 07:21

It is very quickly rolling into a month of the Corica stoppage, they downed tools in 17th, with our RNS on the 18th, what plans have the BOD put in place to reach commercial production..?

[jaspoland] 10/4/2024 07:20

Wake up guys. If a takeover was to materialize do you honestly think it would be multiples of the current share price When did you last see a TO at a premium of more than 100%?

I'd imagine most are looking for the next spike and will run for the hills.

[backmarker] 10/4/2024 07:14

Might not be a bad thing. No idea what a successful price might be but it would be several multiples of current share price There would be competition I'm sure.Right now I'd be happy with 40p.

[plat hunter] 10/4/2024 07:13

Debt is nothing in that regards too Darren as it book value circa 3 times the debt now.

Did you hear anything about the Corica hires btw?

[darrenhorsfield2] 10/4/2024 06:59

Surly other miners will be looking at this as a massive takeover opportunity at this price

[plat hunter] 09/4/2024 21:50

Daily broke out with weekly and monthly set up to follow for Pasofino.


Bid coming???

[farrugia] 09/4/2024 18:52

this is absolutely terrible management. It is one of the only miners that is not performing for me but I'm persisting with it because I believe in the assets in the ground. The Kouroussa asset is solid and there are explorers near it finding excellent grades so I believe the resource can be easily expanded. If the Kouroussa mine was performing as hopelessly forecasted this should be trading at 40p+ by now.

Here is a snapshot of my performance with some others

FSM Jan 16 2026 $2.5 call = $16687 profit (unrealised)
PAAS Jan 16 2026 $15 call = $14000 profit (unrealised)

and given the very long expiry dates of the calls I don't think I'm going to close them anytime soon. Miners were so unloved that you could pick up calls on majors at very low prices. If i had bigger balls I would have bought a lot more but you can't predict the future.

I've also taken some very speculative positions on canadian juniors silver miners.
Impact Silver (well in profit)
Silver X Mining (opened a couple of days ago)
Guanajato Silver (opened today)
GR Silver Mining (bought at the very lows)
Cerrado Gold (very cheap gold miner in Argentina I doubled down because it went down after its deal with Hochschild!!)

Those canadian juniors can really drive you crazy and have a habit of diluting with warrants so you have to be modest with position size. And I haven't had a great time with Canadian miners because they tend to get beaten up and then picked up by the majors for chips change. But having expended several hundreds of hours researching I know what i'm getting into. They go ballistic as silver goes up.

[borderterrier1] 09/4/2024 18:34

I'm very lucky. I have some clients that are sharp as razors in the investing game and they sometimes throw me a bone. HYSR is a recent one. FSLR was another, it went from $6 to $260 in a year.