Hummingbird Resources Share Discussion Threads

[redtrend] 19/7/2018 10:25

This is truly an exceptional result and you only need to look at one metric only to understand this: Net Debt.

In the Q1 update, cash was US$28m and Debt was circa $60m based on Corus loan, but I believe there are some very minor financing costs in addition to this. But overall Net Debt was circa $32m

Now in Q2 update, Net Debt is already down to $15.6m!!! A reduction in 1 quarter of $16.4m.

That change in balance is beyond my best expectations.

Now exploration costs will increase in Q3 and gold price has reduced as we all know, but Net Debt will be in the low single digits next quarter.

Very good work by HUM

[ukgeorge] 19/7/2018 10:24

shut that dog up ;)

[jimbowen30] 19/7/2018 10:23

re Dugbe "Constantly in dialogue with a number of parties" and ongoing

[zeberdie] 19/7/2018 10:22

Dan says he is committed, (he didnt like his commitment being questioned)

[zeberdie] 19/7/2018 10:21

Management buys. Dan not buying because he couldnt sell them without damaging share price he has bought all the way down.

[ukgeorge] 19/7/2018 10:21

Dan not buying any shares in the market..... no sh1t when you get options at 1p......

[edjge2] 19/7/2018 10:20

Taken quite a fall, hope its upwards from here update today encouraging, now a producer too with a gold price that is ready to bounce.

[zeberdie] 19/7/2018 10:19

Not needing Financing in the short term

[zeberdie] 19/7/2018 10:18

Not comiting to buyback at this stage.

[zeberdie] 19/7/2018 10:16

Cora, waiting drilling results. looking promising

[zeberdie] 19/7/2018 10:16

Asic 790 in line with forcast. Looking to sustain that number. Fuel price , $50oz .

[winning_analysis] 19/7/2018 10:14

Can we finally bring home the true value of this company. Extremely positive next Quarter.

[zeberdie] 19/7/2018 10:13

Head grade good in H1. H2 they expect grade to stay good..

[zeberdie] 19/7/2018 10:12

Bunker, would rather wait off before they had announced , the team needs to look at it, DD

[zeberdie] 19/7/2018 10:10

Costings inline for budget with crusher but ball mill will be more. But a better recovery from ball mill. he never answered about the cost.

[winning_analysis] 19/7/2018 10:09

This is just the start of things to come with introducing a possible 3rd crusher or 2nd mill!

[zeberdie] 19/7/2018 10:09

oxide ,harder ore coming later in the year.

[zeberdie] 19/7/2018 10:08

deciding on 2nd ball mill or 3rd crusher.

[zeberdie] 19/7/2018 10:07

Wet season managing ok. some heavy rain , taking care with ore being introduced. learning from some minor mistakes. But they seem happy.

[rileyma] 19/7/2018 10:05

Can u give us a bit of a running commentary
Plz?
Unable to participate
Thanks

[winning_analysis] 19/7/2018 10:01

They are saying that the result clearly show that we are now a commercial company.

[winning_analysis] 19/7/2018 10:00

Conference is a go!

[winning_analysis] 19/7/2018 09:54

HUMming to this audio track on the conference:

Hummingbird analyst and investor call today at 10:00am.

UK Toll Free: 0800 358 9473

UK Toll: [phone]

PIN: 64891530#

[chipperfrd] 19/7/2018 09:50

CC,

re update to my valuation table:

No, I need the financial report.

It may well be another month or so for the interim.

Chip