Hummingbird Resources Share Discussion Threads

[borderterrier1] 09/4/2019 17:14

NB Haven't we been through this exact same AISC scenario before? Two years ago? Since then hasn't the share price gone DOWN? What's your point? Just asking. BTW yawn, yawn Zzzzzzzzzzzzzzz.

[laurence llewelyn binliner] 09/4/2019 15:53

Looking forward to the Q1 update and seeing how close we are running to the guidance..

2019 production guidance of 110,000-125,000 oz of gold is reiterated. Previously a 'target' was given for the AISC of US$800/oz for 2019. The overall budget of the remediation work remains the same but more of the costs are falling in Q1 2019 than anticipated with the Q4 AISC being lower than forecast ($1,677/oz vs a forecast of US$1,800/oz). This has led the Company to update its 'target' with a full AISC guidance for the year of US$800-850/oz.

[new_buyer] 09/4/2019 14:45

I think we might see north of $1,000 and oil prices won't help achieve the average of $800/$850.

[new_buyer] 09/4/2019 14:44

I think the bridge was due to be completed mid year so that would be June/July ish I suppose.

Dugbe has gone quiet although any news came from the Liberian press and hardly a squeak from HUM but that may still be on the back burner with all the emphasis on Yanfolila for now.

[redtrend] 09/4/2019 13:07

HUM at £74million market cap definitely appears to be valued based on last year's track record and that's of course not surprising, as they still need to prove to market they can get through another wet season and confirm remedial works are completed, or if not completed, have no impact to production.

Even though it's outside of their control, would be good to know how the new bridge the Government are constructing is coming along too, which is main access route to site.

The last wet season was abnormally severe and worst experienced in decades. I would expect HUM are better prepared, plus one would imagine it's unlikely to be that severe again so soon, but with climate change who knows.

[casual47] 09/4/2019 12:32

The worst case scenario is of course further issues popping up this year. A year with everything running within "normal" parameters is the best case. There may be further growing pains before this matures into a steady operation.

Are we still expecting news on potential JV for their other asset or is this a longer term prospect?

[rickyhatton] 09/4/2019 12:02

Crudely put - HUM were aiming for AISC of $1800 oz in Q4 but delivered a lower $1677 as one off costs ran into Q1. So $123 an oz drifts into Q1

Target is $800/850 AISC average for the year. (with the new ball mill in Q4)

Worst scenario of AISC $850 - if Q1 is circa $1000 with the $123 carry over, then Q2-Q4 should average $800 AISC.

Best scenario of AISC $800 - if Q1 is circa $1000, then circa $735 AISC for a Q2 - Q4 average is in the HUM target numbers.

[rickyhatton] 09/4/2019 11:57

NB - Crudely put - HUM were aiming for AISC of $1800 oz in Q4 but delivered a lower $1677 as one off costs ran into Q1. So $123 an oz drifts into Q1

Target is $800/850 AISC average for the year. (with the new ball mill in Q4)

Worst scenario of AISC $850 - if Q1 is circa $1000 with the $123 carry over, then Q2-Q4 should average $800.

Best scenario of AISC $800 - if Q1 is circa $1000, then circa $735 for a Q2 - Q4 average is in the HUM target numbers.

[borderterrier1] 09/4/2019 01:32

I agree again. Boring stock, boring company, boring prospects.

[new_buyer] 08/4/2019 22:57

Yawn......

[borderterrier1] 08/4/2019 22:55

Even now on the LSE bb investors are excitedly talking about the POG above 1,300. Aren't we forgetting something? This lot can't get it out of the ground.

[new_buyer] 08/4/2019 20:21

Ricky not sure what it’ll be but a big drop on Q1 which will include the cost of the remedial works to the pit wall.

[rickyhatton] 08/4/2019 18:48

Should be going to AISC circa $770 in Q2

[new_buyer] 08/4/2019 17:31

More depression!!

[borderterrier1] 08/4/2019 17:14

Zzzzzzzzzzzzzzzzzzz. Correct. At least we agree on something.

[new_buyer] 08/4/2019 16:49

Zzzzzzzzzzzzzzzzz

[fsjamescampbell] 08/4/2019 16:31

Biggest test for HUM and potential biggest mover of the share price is a successful Q3 (Rainy season) if they can demonstrate that the machine still works during this years rainy season then we could see a vast improvement in the share price Q2 will be HUM's best period of 2019 like last years Q2 was very strong (production wise).

[new_buyer] 08/4/2019 15:57

It would be good to get the life of mine extension confirmed, but not sure if that is likely to be this month of later this quarter. Q1 update due about 30th April and hopefully that will show HUM to be back on an even keel and with the pit wall problems behind us.

It'll be good to get another 2 or 3 solid quarters behind us with no issues and a safely navigated wet season behind us before the production capacity increase due nearer the end of the year.

[new_buyer] 08/4/2019 15:41

and I almost forgot the conspiracy theory........

[new_buyer] 08/4/2019 15:36

a paid deramper perhaps..........................

[new_buyer] 08/4/2019 15:36

Someone woke the black cloud, more depression no doubt and no doubt this company has absolutely no potential but hey the black cloud still claims to be invested here in a company that is so badly run with no prospects and oh yeah its Frank's fault also!! Now why would anyone with half a brain (and that might be the answer) stay invested in a company with no hope or prospects, answers on a postcard.............................

[borderterrier1] 08/4/2019 14:55

rickyhatton. I agree and I'm absolutely not wanting to be difficult in any way here. But if you go back through the posts over the last two years and more the performance of this company in every way has been absolutely abysmal. IMO Drastic changes need to be made at top level or it will continue.

[rickyhatton] 08/4/2019 14:30

BT - More than "possible" I said "maybe a tad optimistic" ! A tad means "slight"!

Highly "probable" that circa those kind of good figures will be delivered as "facts" in Q1. 30k oz sold, at $1300 sold, with AISC $950/$1000. $9m EBITDA in just one quarter.
We shall soon see.