Hummingbird Resources Share Discussion Threads

[borderterrier1] 06/11/2019 12:31

moneyfornothing1 Rather than telling you the truth/facts I will tell you what you want to hear. Of course you are correct, as always. I have never been invested here or anywhere else. I come on here for the sole purpose of winding you and NB up. This is a fabulous, well run company. Problem is, after three years the share price is worth less than when it was a field. Go figure.

[bo doodak] 06/11/2019 12:27

Recall an approx. figure quoted of $200m would be needed to take Dugbe into production.

[dickbush] 06/11/2019 11:58

You're right, catsick. If production were uninterrupted I would expect HUM to generate a minimum of $75 mil of EBITDA in 2020. Assuming an EV/EBITDA ratio in line with END we'd be looking at circa 85p for HUM. Of course, the forecast short life of Yanfolila suggests a substantial discount to this. On the other hand, that values all their other assets e.g. Dugbe at zero.

Yanfolila is now a cash cow. With a small and rapidly declining net debt position, management must be turning its attention to how it plans to grow its gold output long term. IMO an update to the HUM's mine assets is needed asap,and its plans for Dugbe.

Based on Dugbe's expected long life and END's debt/gold production, HUM could borrow $100mil. Together with the free cash flow from Yanfolila could HUM mine this on its own? That would be a game-changer.

[moneyfornothing1] 06/11/2019 11:22

There are a number of posters posting yesterday why the share price dropped but none today about why it's currently risen (flirting with 23p today)? We just have to accept that this share price seems to trade within a band, say 22p-26p, on a regular basis, no apparent reason why it goes up and no apparent reason why it goes down and as yet no apparent bad news.

Borderterrier for someone who claims to be invested and an experienced investor your comment above "Perhaps the "new" problem is the fact that the Malian gov. has reduced the "safe" mine life from 30 years to 10 years?" is nonsensical (as seems always).

"The code shortens the 30-year “stability period” during which mining companies’ existing investments are protected from changes to customs and fiscal regimes. In a statement, the Mines Ministry said the code intended to address the “shortcomings” of legislation passed in 2012 by contributing a “substantial increase” in the mining sector’s contributions to Mali’s economy."

Your campaign of misinformation is ridiculous and I can see why new_buyer has found it easy to call you out so often on your conspiracy theories and lies.

[catsick] 06/11/2019 06:38

Would seem at these levels to be a good takeover target for someone live Endeavor who have several well run mines in the area and trade on a much higher multiple, Endeavor should easily be able to pay 50p a share and would still be very accretive to them ...

[bigglesbingham] 05/11/2019 23:00

Drop has to be due to troubles but can't believe hum's mine would be directly affected.

[borderterrier1] 05/11/2019 17:43

DB Nothing to do with the gold price. This share price routinely drops for no apparent reason. That's why I have been bleating over the last three years. Never seen a stock behave like this before.

[oohrogerpalmer] 05/11/2019 17:18

Cant believe this share price would react so instantly or fall as much over a 20 usd drop in gold price.
just hope we don't find there is a more sinister reason in the morning like another seatback at the mine!!!

[dickbush] 05/11/2019 16:45

A drop of $26 in the gold price should translate into a 4% decline i.e. 1p in the share price (gold price less AISC equals $650 as in 3rd qtr). More than that means an EV/EBITDA valuation decline.

It may simply be that investors are fed up with the share price doing nothing while so many other shares have been appreciating recently. If that's all it is there's nothing to worry about except the usual, the gold price.

Gold now $1482.50 after $1481.

[borderterrier1] 05/11/2019 16:05

I did tell you all. But according to to NB I'm a fool.

[dickbush] 05/11/2019 15:54

Gold price down over $20 today. $1488 as I write. Other than that I have no idea. Seems a bit extreme.

[borderterrier1] 05/11/2019 14:10

I'm afraid not. Same old story. Good news and the share price goes down. Perhaps the "new" problem is the fact that the Malian gov. has reduced the "safe" mine life from 30 years to 10 years? Unless the current Ceo and management get their act together quickly I can't see this recovering. But they won't care, they get their fat paychecks anyway.

[qs99] 05/11/2019 14:05

any new news?

[moneyfornothing1] 05/11/2019 13:37

Most on here seem to not agree with you at all.

[borderterrier1] 05/11/2019 13:14

moneyfornothing1 Most don't agree with me? Read the last 10 posts on the LSE bb. There is no confidence here. Pitiful minors. And no, that isn't a mis-print. "Self-serving bunch of cowboys" ??? Exactly..... and I have been saying that for two years now, lining their pockets at the expense of the shareholders. The Ceo and management here doesn't give a toss about the shareholders. And I'm not blushing but NB and Fsj should be. Pathetic management here. Get rid of them.

[moneyfornothing1] 05/11/2019 08:34

borderterrier1 I think you are expecting a response from new_buyer but I suspect you are still filtered but I think he has spelt out numerous times what he believes needs to happen for the share price to improve greatly. I suspect you are again being disingenuous on purpose but if you look through his posts you will see what I mean.

I think you can see from this message board that most don't agree with you but you can see that for yourself and just choose to ignore it.

Also are you supposed to be a best selling author? If you were you would know it was "hear" not "here" but at least you have the edit button to help spare your blushes!!

[borderterrier1] 05/11/2019 02:20

new-buyer Oh dear. Looks like a lot more people agree with me now about this? So, OK we're all fools, but let's here YOUR suggestions to turn this share price around? Perhaps the Ceo should be replaced by someone with more experience? Let's hear it.

[laurence llewelyn binliner] 04/11/2019 14:22

#charlieeee, with BM going over to Cora, makes perfect sense for the forward project pipeline, and fits very well for HUM..

Q4 mirroring Q3 30,000+ ounces and we are on target for debt, the company had US$45M debt outstanding to Coris Bank at the end of Q3 2019, reduced from US$51m at the end of Q2 2019. The debt is being repaid on a 'straight line' basis delivering a swift deleveraging for the Company. All bank debt is due to be completely repaid by the end of H1 2021.

Q2 cash position +USD$8M, Q3 +USD16M, FY +USD24M
Net cash positive in Q3/2020 and then we can talk about dividends maybe before summer 2021.. :o)

The company is getting more valuable by the day whether the share price moves up or not, but it will over time as the debt comes off...

[borderterrier1] 04/11/2019 14:04

new-buyer The posts from subwave, ngninv and Golden Bull on the LSE bb this morning also say what I say re. this share price But then we are all fools/idiots and only you and Fsj are the smart ones. Fsj told us all he was "long and strong" many times on here and then sold when the share price dropped to the 12 p low , remember? Lucky guy. I wish I was as smart as he obviously is.

[borderterrier1] 04/11/2019 12:42

new-buyer I don't need to comment on other boards about my investments, they are doing well thank you. AS an example, please take a look at Anglo Asian (AAZ) mining which I tipped on the LSE bb two years ago. This share price is the problem. Please read the posts from others re. the same on the LSE bb this morning. This is worth less now than it was when it was a mud field. As you say, quote:- "Makes you wonder eh??"

[westmoreland lad] 04/11/2019 11:47

Exactly Charlieeee -- eejot free on Chippers BB.