Hummingbird Resources Share Discussion Threads

[dickbush] 02/1/2020 23:24

4TH QTR 2018 production etc was announced on 30th Jan 2019 with the audited annual figures in late May.

[borderterrier1] 02/1/2020 23:14

Meanwhile, on the LSE bb GB rambles on. Guess he's a big drinker........?

[borderterrier1] 02/1/2020 18:17

And yet, even you know I speak the truth.

[oohrogerpalmer] 02/1/2020 17:18

2020 and the drone continues 😭

[moneyfornothing1] 02/1/2020 15:31

Same problems being experienced by many many companies, especially on AIM, where the share price does not seem to be reflecting the value of the/a company. Can't all be down to Dan Betts BT now can it?

[borderterrier1] 02/1/2020 15:27

Look at the share price after three years. What would you call it?

[zhockey] 02/1/2020 14:40

BT

What are the serious problems?

[borderterrier1] 02/1/2020 13:34

Plasybryn More speculation? Especially when you include:- "SP is about half pre-production price, and there may well be upside to current share price imho." Why would Endeavor consider something that obviously has serious problems?

[charlieeee] 02/1/2020 13:34

Quarterly results have been as early as the 16th of the following month, but normally about 3 weeks in.

We already know that they will be good, as both production and the POG have held up. Just how good, LLB, will obviously depend on the AISC, mainly affected by grade, but also our first full Q of the second ball mill through the whole period (and that is important because of the high proportion of fixed cost in running the processing plant). As you say, it sets out our stall for 2020, once the operation can be seen to be running like clockwork quarter on quarter.

This feels very like SLP at the back of 2016, undervalued because of unwarranted concern over LOM, coupled with churn of iis for various non company specific reasons.

Thanks for your good wishes, Westmoreland Lad. I am still in shock from the final twist of the AMER story, but 2020 is a new year and new opportunities.

[dickbush] 02/1/2020 11:06

Based on last year's timing, we should be seeing the 4th qtr production, AISC, and achieved gold price in four weeks time and, maybe, sooner if there is very good news.

[plasybryn] 02/1/2020 09:39

M & A speculation comment on LSE!
Endeavour are reorganising their business to produce in West Africa.
Hummingbird tick this box.
Endeavour have sold mines with low LOM about four years and are only interested in 10 years LOM. Hummingbird LOM figures are delayed.
Endeavour have a man onboard.
Endeavour bought the first Hummingbird coin.
Dugbe reserves are large.
Hummingbird operating costs are attractive around $850 and second mill now installed.
SP is about half pre gold production price.
Largest shareholder in Endeavour is African (Egyptian).
Cora & Hummingbird are both in West Africa with large potential LOM.
There may well be an upside to current share price imho.

Also Attie Roux is still a Board Member of Hummingbird Resources PLC from 04/2018 to date.

[laurence llewelyn binliner] 01/1/2020 14:22

#avsome1968.. I can't see that 116K trade at 21.45p printed..?

FY2019 POG USD 1392.60/Oz, now lets see where we ended up on AISC and FY sale prices, 2019 Q4 interests me the most as it sets our stall out for 2020, and with USD1520/Oz for starters to sell into its going to be a cracker now we are scaled up.. :o)

[avsome1968] 31/12/2019 19:45

Laurence

Those 100k that went through was sales unfortunately the 116k was a buy 21.45 not a sell that was my top up happy new year to all lets hope seller gets finished soon then we can move forward.

[laurence llewelyn binliner] 31/12/2019 14:51

#Chip.., I've been doing some digging recently to try and better understand the price discrepancies, and the above is what I've found out.., we sell the Dore as we make it, and not hold/hoard to speculate and sell into a stronger POG per month, so we get what we get on the sale day, I can only deduce from the table above that the variances from the average POG must be the SPOT plus any impurity inconsistencies in the Dore..

Four 100,000 buys at 21/21.25p at the close within seconds of each other..

HNY to all HUMmers.. :o)

[westmoreland lad] 31/12/2019 13:53

Happy New Year Chippers / Charlieeee 'n all.

[borderterrier1] 31/12/2019 13:08

avesome1968 I hope you are right but most of the long term investors here have heard it all before, many times. Obviously the "seller in the background" thinks differently.

[avsome1968] 31/12/2019 12:56

Well BT added again today 116,499 trade it shows as a sell, bit over weight here just hope we get a very good q4 results gold on its way up still a seller in the background but when he's finished can see a swift spike north. all the best to all investors here for the new year lets hope share price can turn around.

[chipperfrd] 31/12/2019 12:05

Redtrend,

The US$6.5/oz came from the DFS.

LLB,

Difficult to pin down at what spot price their contained gold was actually sold at because of timing comparisons. However, your Quarterly table is a useful check. Lets see how the next few quarters go.

Happy New Year everyone.
Chip

[laurence llewelyn binliner] 31/12/2019 11:39

#Chip... the company are selling Dore, not refined Gold, so the price we get for it is lower, to the cost of the variable impurity levels in the Dore, it does save on the refining costs, which should balance out over FY...

Q1 was 1291 against POG of 1304 (-13)
Q2 was 1311 against POG of 1309 (-2)
Q3 was 1422 against POG of 1475 (-53)
Q4 TBC against POG of 1480 (-..?)
FY 2019 POG 1392

[redtrend] 31/12/2019 11:38

Chip - very crudely: the HUM Q3 report had a gold dore sale price of $1,422. When checking a number of other gold miners for the same period selling gold spot, all of them were around the $1,470 mark, irrespective of the exact point they sold their gold in the quarter.

So the differential was circa $50 per oz

Where does the $6.5 per oz come from for transport and refining?

[chipperfrd] 31/12/2019 10:55

Redtrend,

The cost of Transport and Refining is c. US$6.5 per production oz.

Where do you get your $50/oz from?

[charlieeee] 31/12/2019 10:47

Well, they were not that far off your $630 margin in Q3

$1422 per oz and AISC of $849 gave a margin per oz.of $573 (before admin. etc., of course).

With 30,000 oz per Q, it does look like a cash machine and that opens up so many opportunities.

[redtrend] 31/12/2019 09:45

Remember HUM are now selling gold dore to the refiner, so very crudely you should knock off $50 off the spot price.

Though it knocks off the equivalent off the AISC too, so it's much of a muchness.

HUM should be around $800 AISC and $1,430 gold sale price