Hummingbird Resources Share Discussion Threads

[qs99] 19/9/2018 07:20

views on grades? Good to see 2nd mill sanctioned...show's confidence?

[ukgeorge] 18/9/2018 15:50

I hope on Thursday they state that they will not be investing more in the Bunker Hill project.

Also I hope that they can start a share buyback soon or a dividend or that they plan to pay the debt off early.

[redtrend] 18/9/2018 14:18

Sandeels. That's a typo as the statement is in many other places:

"The Bunker Hill Property is a zinc, lead and silver property that comprises 434 contiguous mining claims covering a total area of approximately 5,773.8 acres (2,336.7 ha)."

[darola] 18/9/2018 12:43

Hi RH, thanks for posting. Can you summarise the summary! :O)

[sandeels] 18/9/2018 12:00

from the Bunker Hill 'Interpretations and Conclusions':

...comprises 434 contiguous
mining claims covering a total area of approximately 5,773.8 acres (5,237.9 ha)

...er

[tens machine] 17/9/2018 22:56

Anyone going proactive on Thursday?

[zhockey] 17/9/2018 13:19

OK so they made a good decision and their shareholders lost value? That's illogical.

[rickyhatton] 17/9/2018 13:11

That's a different observation to saying you have evaluated a "mistake"

[zhockey] 17/9/2018 12:56

Well the market liked the deal when it was announced and went sour when it was dropped.

[rickyhatton] 17/9/2018 12:40

Not a mistake.
Maybe they will go back in and take AGG out.
If you cant work with another company, you cant work with another company

[redtrend] 17/9/2018 12:37

In hindsight it was a very smart move, however more details should have been provided as to why the LOI was terminated.

HUM were prepared to pay $8m for 20% of AGG. Based on AGG's current market cap on TSXV, in total AGG are worth $9m! HUM may as well just take them out at a 50% premium and get 100% of AGG and all their assets for $14million, if they were still interested in the assets.

However AGG's last set of drilling results didn't set the world alight.

[zhockey] 17/9/2018 12:00

Hum made a big mistake in dropping AGG IMO. The share price started its downward path at that point also.

[darola] 17/9/2018 11:43

There was some minor anticipation that Tekeledougou might provide some near term production opportunity through Yanfolila,but that now appears to be quashed. So it’s possible one or two may decide to cut ties.

[redtrend] 17/9/2018 11:31

Not really as the Market cap of Cora is already so low our 30% position isn't worth much as it is nor probably priced in to the HUM share price at all. Whether Cora goes up or down, it doesn't really have a material impact to HUM, unless they had some absolute bonanza find.

But it's not good news for Cora and for time being limits HUM's expansion options in the region through the Cora vehicle.

Hence why having multiple fingers in many pies is the way to go. Other avenues like Bunker Hill with very promising IRRs in safe jurisdiction start becoming more attractive...

[divmad] 17/9/2018 10:58

Is Cora's rns today a downer for Hum?

[zhockey] 17/9/2018 10:18

Just remember that a profit can turn into tears in the rain.

[jbravo2] 17/9/2018 10:06

@zhockey
18-20p. Whatever, it was a bad call. Compounded by putting that money in a binary oil bet which didn't come off. But like you say its a lot easier with hindsight. We've all had losers.

@brasso
I don't really think he was deramping, more a case of justifying the decision he'd made. Fair enough in my book. There have been all kinds of sellers/derampers/those not convinced by the argument over the years on AAZ and they've all been proved wrong. (resourceful selling 1m shares at 7p takes the main prize) It doesn't really matter. They're not big enough players to change the market. We now have the same here with bt and his posts on HUM. I'm not convinced by his arguments either but HUM have yet to prove him wrong. They will though. Give it time.

@zhockey
I still owe you a load of champagne when I sell AAZ. It's now looking like a few bottles

[ukgeorge] 17/9/2018 09:27

Anyone from here attending the presentation this week?

[ukgeorge] 17/9/2018 09:27

Anyone from here attending the presentation this week?

[zhockey] 17/9/2018 08:15

Brasso, sub 15 is it now lol?

I held AAZ on and off over 10 years. I remember when it was 1p in c2008. More recently I had bought a lot at 4p and sold most just over 20p I recall. In that case they had shut their mine and there was a fear on the resource levels and I wanted to preserve profits.

P.S. I have mentioned PVR I was talking about HUM and Gold.

[brasso3] 17/9/2018 07:03

Zhockey. AAZ should hit 60p in the coming weeks/ months. It was a very bad call to bail there at sub 15p.

Apologies for O/T.