Hummingbird Resources Share Discussion Threads

[ukgeorge] 12/4/2016 09:45

a lot of the gold plays are flying, quite an amazing start to the new year, many up 100%. I'm shocked.

[pixi] 12/4/2016 09:39

UKG, HUM certainly is a sight for sore eyes! 25p next stop?

HGM and PAF have broken out too.

Gold is flying!

[ukgeorge] 12/4/2016 09:31

have we got lift off?

[goldendigger] 09/4/2016 23:37

Hopefully the long awaited confirmation of funding by Taurus. That would be very big news.

[ukgeorge] 08/4/2016 12:51

Any news expected here?

[goldendigger] 03/4/2016 21:13

Frustrating looking back at past interviews from a few years ago with CEO stating that we will be in production by 2016. Management must be utterly frustrated with Taurus.

[divmad] 03/4/2016 06:10

Why is Hum letting Taurus have a free ride on Yanfolia over the next 5 months before commiting to fund it via debt? Surely best practice would be to be in discussions with a third party to try and squeeze a quicker deal or to force Taurus' very slow hand.

[goldendigger] 31/3/2016 13:57

As the weeks fly by and gold seems to be steady around $1220-$1250 Taurus are still studying the numbers or are they too busy looking at other things.
Would be good if another financing company would show an interest. Might scare them into taking the plunge.

[pixi] 18/3/2016 13:31

Chip

Exactly, this is a proxy on the gold price. Millions of ounces of gold just sitting there waiting on someone getting it out of the ground. It's appreciating in value everyday particularly as the financial system is under pressure and the dollar has fallen off a cliff. Miners could buy this to improve their falling asset bases.

[chipperfrd] 17/3/2016 15:19

They need to get a shifty on if they are to have first production in 2017.

Estimated time from financing is 16 months - so August would appear to be a bit of a red line if they still want to have 2017 in their guidance.

But all that aside, given the probability of higher gold prices going forward, the later the better in terms of actual earnings. The gold in the ground is gaining steadily with each passing week.
Chip

[charles clore] 17/3/2016 15:14

If Taurus decided not to fund I am sure someone else would. No worries here!

[wilco1000] 17/3/2016 15:01

Tough to see any reason why they wouldn't provide the funding, this on paper would be one of the lowest cost mines around and would be profitable at significantly less than current gold price levels

[goldendigger] 17/3/2016 14:34

Exactly. Yesterdays announcenment was very important, if Yellen had been more upbeat on the state of the US economy and caused gold to drop I would be a little anxious but optomistic now gold will continue it's upward trend.

When the agreement was made in August 2014 gold was at $1300 and had come down quite considerably so if they were quite commited then, now we are heading back towards that level I would expect funding to be complete by Summer as long as gold is at around this level or higher.

[pixi] 17/3/2016 12:18

The dollar is weak sending gold flying higher last night at $1262.62 + 30.47.

I think the funding has been delayed to see how gold performs on it's new upward trajectory. They don't want to do anything too hasty and get egg on their faces.I guess once the bottom is cemented with a higher technical low, they will relax a little and get a better picture of what is likely to happen next.

[goldendigger] 17/3/2016 07:58

Gold booming after the Fed announcement. Can only see gold carrying on now which must convince Taurus to hand over the dosh. You've had long enough now we could have had everything built....Im sure it will come just frustrating we could have been on the verge of producing when gold is finally on the bull run.

[pixi] 12/3/2016 11:47

G, PAF paid off a lot of debt in 2015 and also managed to pay a respectable dividend to holders in December. This year the price of gold has turned a corner and is up 20% from lows, outperforming everything else on the planet. We may be due a rest, but I'm not selling any of my gold holdings. I am buying weakness. I hold in order of value: BlackRock Gold and General Fund, PAF, HUM, ARS, TK (a Canadian explorer who found a mountain of silver in Peru).

[goldendigger] 11/3/2016 14:05

pixi PAF seem to be going from strength to strength and should repay a good bit of their reducing debt. Lets hope hummingbird can follow suite.
This is also my second biggest holding by value after Stratex STI.

[goldendigger] 11/3/2016 13:43

Article by Master Investor
hxxp://masterinvestor.co.uk/commodities/will-gold-hold/

[pixi] 11/3/2016 09:23

Thanks G

Going with the flow, the ECB reduced interest rates to zero percent yesterday in an attempt to kick-start the economy. America could do the same.

I did some research last night and discovered that brokers have set a target for HUM at £0.82. This is my second biggest holding by value after PAF.

[goldendigger] 10/3/2016 14:15

Nice top up pixi. Gold on the up after a breather.

[pixi] 10/3/2016 11:40

Topped up with 50,000 today (not shown yet).

[pixi] 09/3/2016 21:34

The gold bull market has returned and gold could surge over 1,000% to $8,000 per ounce in the coming years according to legendary gold investor, Chairman of Franco-Nevada Corporation and former Chairman of the World Gold Council, Pierre Lassonde.