Hummingbird Resources Share Discussion Threads

[ukgeorge] 07/8/2018 10:59

share buy backs would be better imo

but i fear Hum are going to be the ones making a takeover.....

Bunker Hill Mining Corp. (BNKR.CN)
Canadian Sec - Canadian Sec Delayed price. Currency in CAD


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0.55+0.17 (+44.74%)

[fsjamescampbell] 07/8/2018 10:46

Thoughts on the following folks......do you think it would help the current situation??

I reckon a special dividend would help. its not about the money because with 200k shares and a special divi at say 1.5p that gives £3k - i would simply buy more HUM shares with it..........win win! Its a kind of simple initial share buy back. With 350m shares in issue to that would only cost HUM around £5.25m or $6.8m which is around 50% of the general quarterly free cash amount. They could announce it prior to the end of Q3 with a payment date mid Q4. I am pretty sure that is would not only generate interest but it would bolster confidence that HUM are returning value to shareholders.

They are certainly hitting all targets operationally, but with surplus cash and an amount that isn't going to stress the free cash balance it would certainly prove to be a much needed boost. Sometimes all it takes is for a little thinking outside the box. It is hard to see a high profitable company's share price take on a continues 6 month slide when all they have continued to report is good news..........actually great news!

Well done to Dan Betts, Bert Monro and all the management team for the continued excellent delivery out in the field. It really is a comfort to know that fundamentally everything is more than sound. But knowing the market is also a skill and many awful AIM companies play the AIM game to maximise MCAP and share price levels.

I am HUM long and very strong but i think some battling in the market is needed because 26.75p and an MCAP of around $120m when they generated $50m in revenue and $20m in free cash in just their first full Q of production, well 26.75p is completely out of alignment with achievements over the last 12 - 18 months.

Endeavour CEO picked up the first ever gold coin from yanfolila and they could well pick up the first highly valuable and cash generative gold producing company for an absolute steal. This has to be a concern and it has to be mitigated as each day we are being rifled the reality of a takeover is becoming ever closer and more and more attractive!

[ukgeorge] 07/8/2018 08:55

Every morning they are marked down. On f all volume. I wonder when the plebs will become privy to whatever is going on.

[plasybryn] 06/8/2018 23:03

Hope Seeking Alpha are right!

[darola] 06/8/2018 22:24

Nah. Won’t happen. This article from seeking alpha is pretty spot on I reckon.



“In our view these are almost “Back-Up-The-Truck” levels for gold as it seems this whole downside push is speculative shorts increasing their position, and that rarely lasts. After 7 weeks of short increases, speculators are massive over-sold and those are the best times to buy.”

[zhockey] 06/8/2018 22:00

Reasons for the sell off. What about gold heading sub $1000?

[zeberdie] 06/8/2018 18:47

O.M.G red ticks, an arrow through the heart. :(

[waylander1970] 06/8/2018 18:43

I wanna be BorderTerrier's proof reader. I would be able to charge a fortune to put his literacy incompetence right.

[zeberdie] 06/8/2018 17:03

Like his ring gear after a heavy session down the Blue Oyster.

[borderterrier1] 06/8/2018 17:03

Fsj. FK is that all you've got Fsj? You're screwing these gullible "investors" royally with your ridiculous prophecies and speculations about where this is going because the Bod "told you so" and you're talking about ME being a looooooser? What a low-life you are. What the FK do you expect them to tell you? I guess when you were a kid you really did steal candy from babies to make you feel good?

[ukgeorge] 06/8/2018 17:01

That was from yahoo finance, traditionally gold shares commanded around 16 base metals more like 8-10. In recent years it has been reduced for pm miners.

The options price certainly didn't help. Even if these crash to 10p they get a ten bagger. But this is Aim......

[darola] 06/8/2018 16:27

To be fair I’d take HUM on a PER of 6 or 7, and if takes diversification to get it there where do I sign?

[fsjamescampbell] 06/8/2018 16:12

BT - POST 4636 - For a literary scholar you still don't know the difference between "Loser" and "Looser"

A person who's a failure is a "loser" often a “real loser.” If something is loosened, it becomes "looser."

[ukgeorge] 06/8/2018 16:01

Barrick Gold Corporation (ABX
PE ratio (TTM) 14.14

Rio Tinto plc (RIO)
PE ratio (TTM) 10.58

Glencore Plc (GLEN.L)
PE ratio (TTM) 7.84

Randgold Resources Limited
PE ratio (TTM) 19.79


Gold was around this level in december.

[new_buyer] 06/8/2018 16:00

what are those unanswered questions?

[redtrend] 06/8/2018 15:54

Do they? Do the 3 biggest mining companies in the world (Glencore, BHP and Rio), all diversified incl. for precious metals, have a lower multiple/ discount compared to the 3 biggest gold miners (Barrick, Newmont & Ashanti)? I honestly don't know but I assume if you make a statement like that you do?

As for 52 week lows, what else is at a 52 low? Yep Gold.

But it's all Bunker Hill...

[borderterrier1] 06/8/2018 15:42

new_buyer. Please read some of the comments on the LSE forum. There are only two staunch supporters on there now, Darola and of course Fsj. The Bod are unconcerned about the share price With half a million annual salaries, why would they be? But IMO there are lots of unanswered questions here now. For a company with such great fundamentals, fabulous track record etc. why does the sell off continue?

[new_buyer] 06/8/2018 15:25

Why would I bother answering your question when you have never answered anyone else’s? If you think this malaise is just HUM specific you need to go look at other gold miners and how there SP’s have performed over the last 6 months. No doubt an element linked to BOD performance, BH and comms but more macro elements affecting this too.

[ukgeorge] 06/8/2018 15:23

I don't know maybe it is the 52 week low for the share price that is causing concern.

Yes $1.5M is a relatively small amount but it is firstly a precedent and secondly if the BH project is deemed as a good investment the costs will be much higher. Now if it is deemed a good investment, how is this going to be structured? HUM takes all the risk lends BH cash in a debt agreement? Hum takes BH over ? A JV agreement? Not to mention that it is a complete tangent to a gold company.

What is more the zinc market and prices have peaked and are now looking set to decline for the next few years.

Darola, Dear Burt are you about to make a bid for BH?

Sure I'll tell you the answer to that and be prosecuted for disclosing insider information.

If it sounds to good to be true in generally is.

Yes I am being negative, but I have followed these for 2 years and think that they should stick to the script.

Gold mining companies command a different valuation to diversified mining companies usually higher.

[borderterrier1] 06/8/2018 14:51

new_buyer. In other words, with all the profit that is being generated and all the good things that are being reported, the share price is going backwards. IYO what would move it?

[borderterrier1] 06/8/2018 14:48

new_buyer Just here.

[new_buyer] 06/8/2018 14:24

Just here or are other goldies in a similar position?

[borderterrier1] 06/8/2018 13:35

new_buyer Maybe it does. But what I really don't get here is that after two years and lots of "good news" this share price is going backwards. What can possibly lift it now?

[chipperfrd] 06/8/2018 12:55

I really don't understand why people are getting so uptight about the insignificant involvement with BH. It makes perfect sense to keep that particular show on the road until full DD can be undertaken and the cash involved is a pittance when viewed against HUM's production margins going forward.

Personally, I have absolutely no objection to their deeper involvement in a base metal project if it offers significant ROCE over the longer term. And I trust the HUM management to weigh up precisely that opportunity now that they have kept it alive for a while longer.

Frankly, I would have preferred not in the US (because of the inordinate delays in permitting) but HUM must have selected it because of potential value. Their costs thus far are small and they may well walk away in time. So let's just give them the breathing space and see what comes out in the end.

Chip