Hummingbird Resources Share Discussion Threads

[aim999] 29/9/2019 23:58

End of quarter.....countdown to Q3 results.... if close to 30,000 oz will be a great quarter in wet season, together with lower costs and a POG close to $1,500 for most of the quarter..... fingers crossed

[new_buyer] 29/9/2019 22:26

POG climbing up to $1,500 again, 1 day of Q3 left, interesting few weeks ahead!!

[qs99] 27/9/2019 09:27

As an exceptional and a risk moved on tho?

[dickbush] 26/9/2019 12:53

Taurus claim was the one that was settled for $2.5 mil. I guess the lawyers' bill will be in the third quarter.

[kennyp52] 25/9/2019 21:30

Interesting ... so we are going to get a 100% hit on this claim ...

5. Contingent liabilities
In January 2018 the Company was served with a Particulars of Claim by Taurus Funds Management Pty Ltd, Taurus Mining Finance Fund LP and Taurus Mining Finance Annex Fund LP, in relation to alleged breach of contract on termination of a Mandate for finance. Damages sought by the claimants are just under US$10 million. The Company has received strong legal advice that the claim will be successfully defended, and therefore no provision has been made. If, however ultimate resolution of the claim differs from the Company's assessment, a material adjustment to the financial position and results could arise.

[kennyp52] 25/9/2019 21:24

I see they have settled out of court on a $10m claim for $2.5m stating they did nothing wrong ... hmmm .. why settle then ? Never mind , could have become a huge distraction. Interestingly I see they took the opportunity to confirm production is on target ...

“As it is near to the end of Q3 2019 the Company is pleased to report that production to date for the quarter has been encouraging and we remain in line to meet 2019 annual production guidance of 110-125,000ozs of gold. With the second ball mill fully commissioned the Company is seeing increased throughput capacity at the plant with improving economies of scale. The Company expects to release its Q3 2019 operational update before the end of October 2019”

Can anyone confirm the company is unhedged on sales ? The Q3 report could be very tasty so fingers crossed .

[new_buyer] 25/9/2019 11:52

Let’s hope they can get the Q3 update out a bit earlier maybe by about the middle of October!!

[dickbush] 25/9/2019 09:04

3rd qtr operational update last year came out on Thursday 25th October. No certainty that this year's will be the same day, but that would translate to Thursday 24th this year. Just scribbling on a surprisingly quiet day given what happened Stateside yesterday.

This White House strikes me as so crafty, I wonder if they've set up a red-herring to embarrass the Democrats. Either way it's a lot more fun than British politics.

[dickbush] 25/9/2019 07:55

Thanks, bigglesbingham, I'll take a look.

[bigglesbingham] 25/9/2019 05:59

Look at AAU , production cost been $400/ounce, debt free from April 2020 . V small currently however some excellent prospects. Well managed will board owning 8% bought through market. May be too small for you with a market cap of only £23 m but their share production 13000 ounces you do math.

[dickbush] 24/9/2019 22:25

If you mean me, the answer is no. There's only one investor in the family, although this one is more of a gamble than an investment. All things being equal, and they rarely are, a small gold miner with growing production and still high costs (hopefully going down) should be a good way to play a rising gold price. Will the gold price keep on going? That's the main gamble. If it doesn't I'll lose. Won't be the first time or the last.

However, with Mr unpredictable in the White House, a slowdown in the US economy, an election to win and, my guess, just lowering rates to zero unlikely to do very much, I'm expecting another fiscal expansion before I get much older. Helicopter money has come out from under a rock. If he bites I'm loading up with gold shares, although I'd prefer North American, maybe Canadian. Any suggestions, borderterrier1?

[borderterrier1] 24/9/2019 21:40

NB Are you DB's wife?

[new_buyer] 24/9/2019 15:17

mfn1 it was good to see that today, gold back above $1,500, new ball mill in working order and rainy season not as bad as last year so looking good but hoping Q3 figures will be out nearer the middle of Oct than the end!!

[borderterrier1] 24/9/2019 14:04

moneyfornothing1 I hope you are right. But after three years I have please heard similar scenarios multiple times so forgive me if I don't share your enthusiasm?

[moneyfornothing1] 24/9/2019 09:29

“As it is near to the end of Q3 2019 the Company is pleased to report that production to date for the quarter has been encouraging and we remain in line to meet 2019 annual production guidance of 110-125,000ozs of gold. With the second ball mill fully commissioned the Company is seeing increased throughput capacity at the plant with improving economies of scale. The Company expects to release its Q3 2019 operational update before the end of October 2019. “

[qs99] 23/9/2019 12:07

CEY shaping up nicely again

[qs99] 23/9/2019 09:25

Have also bought some CAPD this am.....just FYI! Providing equipment to miners, which with POG filling their books IMO they will have more to spend on drilling etc. DYOR

[aim999] 21/9/2019 14:52

Agree. Q3 looking good and current POG not reflected here in SP, or operational improvements recognised..... so hopefully we see a share price to reflect the current situation sooner over coming months ... this could be a real cash cow if everything plays out.... Q3 ends soon

[borderterrier1] 21/9/2019 13:03

ngninv Makes an interesting observation on the LSE bb this morning. I agree 100%. I have been scratching my head and praying for a glimmer of hope with this for almost three years now, but it never comes.

[kennyp52] 20/9/2019 21:54

Aint got the time to DYOR so thanks for the post QS99 giving us a reason for POG rise after close . That’s why the boards are here !

[qs99] 20/9/2019 20:22

POG motoring after Chinese cancelled farm visits to the USA>...looks like more volatility is in the offing....more opportunity for likes of HUM to make more hay! DYOR

[moneyfornothing1] 20/9/2019 17:35

If so will good to see future plans away from Yanf, lots of options out there but just about making the right decision.

[new_buyer] 20/9/2019 17:34

Well it’s not long to wait now and we will know how things are progressing and either they’ve learnt from prior events, including mistakes, and improved or still making the same mistakes but my money says they are quick learners and things will be good but the AISC is going to be something a lot of people will focus on.

[moneyfornothing1] 20/9/2019 17:12

Yes new buyer hopefully rolls into next week and into October too when lots of good news will hopefully be coming our way.

[borderterrier1] 20/9/2019 16:48

NB I hope so too. But you were saying the same thing three years ago, remember?