Hummingbird Resources Share Discussion Threads

[oohrogerpalmer] 17/12/2019 19:31

So same question?????????

[borderterrier1] 17/12/2019 19:16

oohrogerpalmer Of course like you, I would prefer some positive movement here. But after this length of time something doesn't seem right. Time will tell.

[moneyfornothing1] 17/12/2019 16:57

borderterrier is this another of your conspiracies that new_buyer has a "connection with the CEO or management"? What has he been irrational about?

[oohrogerpalmer] 17/12/2019 16:40

BT ,
One sane reason why you continue to hold these without contradicting yourself!!!!!!

[westmoreland lad] 17/12/2019 15:11

Coverage from VOX Markets today ----------->

HUMMINGBIRD RESOURCES (HUM) says it is on track to meet full-year production guidance after a 'strong' fourth quarter....

[borderterrier1] 17/12/2019 14:15

So come on guys, lets hear it. What makes you think that after this length of time this will move? There is absolutely no reason. We all post speculative predictions that NEVER come to anything. A news item like this one ALWAYS has a negative effect on the share price WHY??????? If this comes back to anywhere near my average share price I WILL ABSOLUTELY move on. Over the last three years this has been a complete and utter waste of time and effort. There is no way this will improve and eventually you will all also move on eventually.

And new-buyer. You have always been irrational with this which leads me to believe that you have a connection with either the Ceo or management. We invest to make money and this has been an absolute disaster. Of course I'm invested....but I wish I wasn't. I DMOR with this, read all the news etc. and it has all turned out to be complete and utter B/S. So, once again we wait for this to "turn a corner" and come good. I'm convinced now that it never, ever will. It's an complete and utter DOG.

[new_buyer] 17/12/2019 13:58

You guys still believe that he holds shares?

[moneyfornothing1] 17/12/2019 13:57

Good question oohrogerpalmer, why anyone would hold a share they held in such disdain is beyond me!

[oohrogerpalmer] 17/12/2019 13:44

BT,
Still drivelling on !!!
IF you genuinely think that then sell up and move on.

[borderterrier1] 17/12/2019 13:33

moneyfornothing1` Now perhaps you will believe me? Good news and the share price goes down as it always does. This will never come good.

[bittorrent] 17/12/2019 13:06

"Q4 2019 has remained a strong quarter and we look forward to meeting our full year production guidance." All sounds good to me.

[dickbush] 17/12/2019 12:59

Over 199,000 ounces produced since start-up to 31st October 2019. I would be interested in anyone's estimate of October's gold processed estimate bearing in mind the seven quarters figures are already available. It sounds pretty strong.

[moneyfornothing1] 17/12/2019 10:49

If it was just a bonus scheme, rather than options, for the same value it'd probably be more acceptable. Lots, operationally, has been achieved here and should be rightly rewarded but the options do stick in the craw a little bit.

[ukgeorge] 17/12/2019 10:15

Has it been announced how many millions of options are going to be given to management this year?

[laurence llewelyn binliner] 17/12/2019 10:01

#kennyp52, not only possible, but probable or very likely .. :o)

Let's see where the share price is after the Q4 update lands, FY-110-125K/Oz and we hit the 2019 guidance.. :o) the share price will follow back into the 30s for starters..

POG was just 1300 when we ran into pit wall and bridge problems then slid under 30p, going into 2020 we are generating much stronger cashflows and profits with +25% mill capacity on USD1475/Oz Gold..

[kennyp52] 17/12/2019 09:24

Nice ... 25p possible again

[charlieeee] 17/12/2019 08:51

A solid update on operations and reserves.

Given that the focus over the last two years has been on production (and that nearly 200,000 oz. has been produced), they have done well to replace reserves.

Effectively, this is going to be a cash cow from 2020, which opens so many opportunities: exploration, conversion of existing discoveries to reserves, partnering/progressing Dugbe, new projects and perhaps dividends.

Definitely Merry Xmas.

[chipperfrd] 17/12/2019 08:50

Yes, all good. And a happy Christmas to all here and at Hummingbird.

[laurence llewelyn binliner] 17/12/2019 08:25

Nice RNS for a LOM extension which will give us a 5 year mine plan announced early NY2020 for Yanfolila which will in turn see us through to 2025 for starters, net cash positive, debt free and then able to focus on 'shareholder value' .. :o) meeting the 110-125K/Oz 2019 guidance too.. Merry Xmas..

[wskill] 17/12/2019 08:11

Excellent as I dont suppose HUM have done much exploration since the wet season problems which are now behind them,its now a different story with good levels of production and cash flowing.

[hydrogen economy] 17/12/2019 07:27

Reserves announcement, at first look the reserves addition and mine life impact seems disappointing.


17 December 2019

Hummingbird Resources plc

Updated Reserves for Yanfolila Gold Mine

Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM), is pleased to announce an update to its open pit Ore Reserves at the Yanfolila gold mine. The Company intends to update shareholders with a 5 year mine plan based off these updated Ore Reserves and its 2020 guidance in early 2020. Yanfolila currently consists of the Komana East & West, Gonka and Sanioumale West deposits in Reserve.

Updated Reserves

•ɨ00;7.9Mt of Reserve ore @ 2.66 g/t for c. 676,000 ozs gold
•ɨ00;165,000 ozs added to pre-production Reserves
•ɨ00;32% increase to Reserve base on 31st Oct 2019
o Over 199,000ozs processed since start-up to 31st Oct 2019
•ɨ00;Maiden Reserves at Gonka and Sanioumale West achieved

JORC classification Tonnes (Mt)
Au (g/t)
Au in situ (koz)

Proved
0.4 1.65 20.6
Probable
7.5 2.72 655.4
Total
7.9 2.66 675.9

Dan Betts, CEO;
"I am pleased to provide an update on our open pit Ore Reserves; which shows a significant increase in Reserves from our pre-production inventory. We have also identified first ore Reserves from Gonka open pit and Sanioumale West which is very pleasing. Early in the New Year we will release a 5 year mine plan for Yanfolila, based on these Reserves. It is our intention to then update this plan on a rolling basis as further reserves are defined. Additionally, I am pleased that we are able to re-commence exploration drilling and study work in Q1 2020 with a renewed focus on ensuring the mine's long term future.

Q4 2019 has remained a strong quarter and we look forward to meeting our full year production guidance. This will be a great achievement for the team considering the first 4 months of the year and represents 8 solid consecutive months. Over the course of 2020 we shall continue to aggressively de-leverage our debt position and strengthen our balance sheet with the anticipation of moving from a position of net debt to net cash. Within 3 years of starting operations this is a significant milestone and will allow us to start to look to move the Company forward with cash generation and shareholder value being a key focus."

Further Information:

The Company requested CSA Global Pty Ltd (CSA Global), an ERM Group Company, to provide an updated Ore Reserve statement as at 31 October 2019 prepared by a Competent Person in accordance with the Australasian Code for Reporting of Exploration on Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition).

[borderterrier1] 17/12/2019 01:25

Meanwhile, over on the LSE bb Golden Bull says:- "This is due a re-rate". I agree. But all the long term investors have been saying that for three years. Don't hold your breath GB. BTW, what happened to the confident prediction of "one pound party by Christmas?" Which Christmas did you mean, 2024?

[dickbush] 16/12/2019 15:37

Gold price trying very hard to look bullish.

[squash90] 16/12/2019 12:50

Here we go again !!!!