Hummingbird Resources Share Discussion Threads

[laurence llewelyn binliner] 15/8/2019 10:17

Q2-AISC 998/Oz
USD 500/Oz profit margin at the current POG..
Q3 AISC est 900..?
Q4 AISC est 800..?

Margins set to rise as the quantities go up as the new ball mill comes on stream in Q3 spreading fixed costs, and any residual costs from pit wall remediation works filter out to zero...

2020 should be where we see a stand alone year on costs, new capacity and with a bit of luck 1500+ POG too.. :o)

30p for Xmas...?

[moneyfornothing1] 15/8/2019 08:28

oohrogerpalmer not sure what will come next, either the LOM extension or the Q3 update which will be mid to late October, I would assume. Everything moving in the right direction and anyone who has invested before knows that a share price does not go up in a straight line so profit takers might be behind the drop the last day or so. Generally though everything is positive here but impatience can get the better of some investors who want immediate big profits, not sure HUM is the share for that.

[borderterrier1] 15/8/2019 00:20

NB Fabulous. More good news, impressive podcast by DB and the share price drops another 8%. Yippie!!!!

[new_buyer] 14/8/2019 16:44

Yes the next Q update plus the LOM extension should help significantly and then will be interesting what the plans are in relation to CORA and DUGBE now that the price of gold is in such a strong position.

[borderterrier1] 14/8/2019 14:58

oohrogerpalmer My fingers have been crossed for 2 1/2 years with this now.

[oohrogerpalmer] 14/8/2019 14:50

The next update will be the critical one.
We're in the middle of the rainy season and all eyes will be watching how they cope.
Given last year's disaster we need the new pit wall to hold and report decent production figures.
If we do get those then could be blue skies thereafter.
Fingers crossed.

[qs99] 14/8/2019 13:08

thanks RT and agree, have re-entered the fray here....

[redtrend] 14/8/2019 13:01

Hi QS - I consider HUM extremely "under-valued" rather than "fairly valued" ; )

It feels they have turned a corner, but they still have a lot to prove in producing a solid Q3 (that will show 2 quarters of consistent turn-around, with this one being critical in rainy season) and they need to produce a Life of Mine update which is eagerly awaited.

Even without these 2 updates though, with gold $1,500+, current market cap appears absurd at £80m.

[new_buyer] 14/8/2019 12:55

SP has gone from low 12's to mid 20's this year so no surprise if there are some profit takers out there. POG looking good despite the efforts to derail it and LOM news hopefully just around the corner.

[qs99] 14/8/2019 12:05

gold motoring again. good to see decent progress here with HUM and have dipped in again...GLA and DYOR

[bittorrent] 14/8/2019 09:35

Profit taking? It's had a good run.

[squash90] 14/8/2019 09:23

Why the drop ?

[borderterrier1] 13/8/2019 22:00

Up 3% today. Long may it continue.

[new_buyer] 13/8/2019 18:53

I can’t get my head around selling because a chart says a point has been reached but it does work for many so it must have its positives.

[borderterrier1] 13/8/2019 15:34

Yep. Many, many months. The months have dragged into years and up to now it is a long, painful slog for many of us with unfortunately still only a glimmer of hope at the end of the tunnel. Negative? Doomongering? Not really. Just telling the truth.

[moneyfornothing1] 13/8/2019 14:58

I had a look myself but not something I would want to try i think, double tops (thought that was a dart term) and a "head-and-shoulders formation"!!

[new_buyer] 13/8/2019 14:53

andrewsr not into the charts myself but some people are certainly followers, chartists, and some have been very successful, each to their own methods I suppose.

[borderterrier1] 13/8/2019 14:41

andrewsr I have been thinking the same thing since August 2017.

[andrewsr] 13/8/2019 12:06

Maybe we have a 'break-out' of the down trend here, perhaps a bit of resistance around 25p, then we're off! OK, I don't know much about charting - I'm just an unashamed ramper, I mean shareholder.

[andrewsr] 13/8/2019 12:00

True, maybe that's down to a high proportion of share trades by spread-betters just using charting. For them, the short-term chart here looks quite good too!

[new_buyer] 13/8/2019 11:30

Not sure AIM and rational can be expected!!

[andrewsr] 13/8/2019 10:29

It's strange how the market is chasing up the price of Cora, Orusur and Condor for whom the current elevated gold price is largely irrelevant - that's irrational exuberance for you, whilst producers like Hummingbird are taking extra free cash every day and just ignored.
We must be due some rational exuberance.

[borderterrier1] 12/8/2019 20:54

NB Of course. Fabulous news! Lots of gold miners up today. Unfortunately, Hum isn't one of them. BTW Golden Bull. "Sea of blue today? " Really? Don't tell me you're colour blind as well as delusional?

[new_buyer] 12/8/2019 19:07

Good day for CORA up 20% today, POG above $1,500 again with news just around the corner!