Hummingbird Resources Share Discussion Threads

[brucey6onus] 20/9/2018 17:43

Based on the fact that while operationally they've done everything right and while gold has weakened a bit, it seems to have found support at 1200 for last few weeks. So why is this share price sat at the same level as when they 1st commissioned the mine? What ideas do they have to enhance shareholder returns?

[darola] 20/9/2018 17:17

“Upset the city”? Based on what?

[charles clore] 20/9/2018 16:43

Thanks George. Can you ask them what they did to upset the City?

[ukgeorge] 20/9/2018 16:40

Just off to the event will give feedback tomorrow. Unlikely that there will be anything new.

[borderterrier1] 19/9/2018 17:00

Speculation Speculation Speculation..... but still no movement except large sells. On the LSE board I see Fsj the company mouthpiece is still spouting about how positive everything is here? I'm still being patient Fsj, like I have been for over 2 years now, waiting for the non-existant re-rate. You have been wrong up to now, what makes you think that will change?


new_buyer Of course the market isn't expecting anything why would it? Especially here. But IMO I do expect lots more good news, resulting in more selling and a share price by Christmas of 22p.

UK George Of course, the cash is growing. Its what they decide they will do with the cash that concerns me because obviously, it doesn't concern the CEO or Bod. Why would it?

shortarm Pearls of wisdom from you indeed. "Able to process more gold" Are you completely stupid? It doesn't matter, the share price is going BACKWARDS.

Yes Sands, this is doing really well isn't it? 2 1/2 years, almost $20,000 down but you and others are still bleating about what a good thing this is? And the best you can do is call me names? Read the post below yours by Swindon 41. You need to wake up and grow a pair. Pathetic.

[dickie90] 19/9/2018 16:13

Alright alright,So I'm about a month off.Think I'm mixed up with the presentation due tomorrow. For some reason I was expecting an update on production...

[ukgeorge] 19/9/2018 15:58

Are quarterly results out on the 19th September? Are you stupid?

[dickie90] 19/9/2018 15:55

Are the quarterly results due tomorrow?

[ukgeorge] 19/9/2018 14:19

high strip ratio. Its in the bottom half in terms of costs so not that bad/pretty good.

Around $900 going forward is expected.

[cflather2000] 19/9/2018 14:14

With such high grades, why is the AISC so high for HUM?Is this expected to reduce over time ?

[ukgeorge] 19/9/2018 14:08

There wasn't really much in the RNS and hence the muted response IMO.

The company don't really need to update the market in regards the drill results until the ore bodies have been delineated and a new reserve or resource can been announced.

It was good to see some high grades but they were at quite deep so won't be processed for a couple of years at least.

The new ball mill is good news but again short term is not really that ground breaking. So not that surprising that the share price has not reacted.

The important news will be Q3 results and evidence that cash is still growing.

The market can wake up in due cause.

Sentiment towards gold and the whole sector seems to be slowly improving. CEY Fres etc seem to have found a bottom now.

[divmad] 19/9/2018 11:54

Darola, how do you get to 13+ years from the current 7 based on this drilling campaign?

[darola] 19/9/2018 10:42

If we take the 25% figure as a basis for increase, that should take the 107koz to circa 132k+ average - or add more than $10m to free cash from end of 2019 (on $1200 gold and $800 AISC, so very conservative). So assuming mine life extends to 13+ Years, it’s adding over $100m to long term cash flow. Not bad for a $13m investment.

[new_buyer] 19/9/2018 10:23

Maybe because the market is muted at the moment, especially in relation to gold investments. I'm not sure the market is expecting anything is it, if it is what is it expecting? We just don't seem to be on the radar of investors at the moment for whatever reason. We have a new PR company, a few months back, but does anything look to you like anything has changed? Not to me it hasn't and personally I'd like to get away from the AIM market as it does not seem, to me, that companies are judged here on there performance more on there popularity.

[zhockey] 19/9/2018 08:56

Yes but why the muted market reaction? Was the market expecting more? Also what are the implications of dropping the 3rd crusher?

[new_buyer] 19/9/2018 08:39

zhockey it might depend if you are a glass half full or glass half empty type of person!! Adding oz's, or the ability to process it, must be a positive mustn't it with what is already known of reserves?

[shortarm] 19/9/2018 08:34

More gold which will be proceeded faster!??Can't see the bad there!

[zhockey] 19/9/2018 08:29

Quite a complex RNS, get the feeling this is good news/bad news although not sure which is which :)

[rickyhatton] 19/9/2018 08:20

And GW is only targeting shallow mining of 70k oz. and KW has now identified new structures. All looks a very solid initial update. Gonka is 400koz thus far.

[goodgrief] 19/9/2018 08:16

Average grade going through the mill in Q2 was 3.43g/t.

So Komana West pretty good and Guirin West not so good.

[rickyhatton] 19/9/2018 08:07

Solid and transparent update. Confidence in the future with the second ball mill, which doubles up as derisk Betts sums it up.

"I am delighted with the initial drill results and look forward to receiving more over the coming months."

[qs99] 19/9/2018 07:55

But what are the views on the grades so far?

[rickyhatton] 19/9/2018 07:51

Very early doors so far. Only 6% of results in!

"In excess of 10,000 m of the planned 50,000+m drilling campaign has been completed to date of which results have been received from the first 3,000m of drilling completed. It is anticipated all the drilling will be completed during Q4 2018. Drilling is yet to start at Sanioumale East and West; both deposits have resources currently defined and once drilled will provide an immediate and substantial source of oxide ore."

1,340 metres drilled to date with no results yet received.
"Drilling at Gonka is very exciting and we look forward to receiving and publishing the results when available." Murray Paterson - chief geologist