Hummingbird Resources Share Discussion Threads

[borderterrier1] 04/1/2020 14:09

And while your at it please read the recent post on the LSE bb. Why are Aberdeen Life selling when gold is $1,556? It looks as though they agree with me and this scenario has continued for three years now. Perhaps the investors here don't like the "keep it in the family" attitude and screw everybody else here?

[laurence llewelyn binliner] 04/1/2020 10:15

#Retrend.. Indeed, with cash and inventory + debt repayments we are set up to be net cash positive for end of 2020, and debt free by H1-2021.. :o)

A conservative 25% FCF dividend policy would be very nice, we know the share premium account and court approvals are now set up, and the coded message in the 17.12.2019 RNS was present..

"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."

[redtrend] 04/1/2020 09:38

LLB - concur with your thoughts. With HUM delivering 30,484 ozs in Q3 2019 during wet season and when 2nd ball mill wasn't fully commissioned for its entirety (or at least just starting out), we have the potential of pleasant surprise the market might not be expecting.

How would the market react if Net Debt improves by circa $14m again and Net Debt is down to the teens?

If gold stayed at this level, we could then be near enough Net Cash/Debt neutral by end of Q2 2020 (perhaps single digit Net Debt at least).

Not hard to see a dividend would be doable in Q1 2021 and even before this I'd like to see share buybacks (at very least to cover options) and organic growth (drilling, acquisitions etc.).

To think at this under-valued share price a 10% dividend yield would equate to only $10m. This is less than the $14m free cashflow HUM created in Q3 2019 alone.

[laurence llewelyn binliner] 04/1/2020 08:58

With Q4-2019 now complete, and we know that we are on schedule (tbc) for a 30,000+ Ounce quarter, POG now 1550/Oz / AISC 850 / margin 700/Oz that is going to generate some very healthy EBITDA cUSD20M..

Really looking forward to the numbers at month end, cash generated, cash position, debt position, and we can extrapolate the curve to better forecast net cash positive, and then debt free.., dividends are getting ever closer.. :o)

I cant see any reasons outside of terrorism why we wont be back in the 30s just for starters as repeat quarters stack up and confidence builds..

[borderterrier1] 04/1/2020 00:18

new-buyer It wasn't "3 or more years of constant negativity". I was impressed enough with the "research" I did but that turned out to be complete and utter B/S and lies. It works both ways. You constantly tell me I'm a paid de-ramper. The share price is all the de-ramping this needs. And what about your pal Fsj? Don't try and tell me that he wrote the glowing multi- page testimonials to this after his visit to the mine without reward? And guess what, everything he wrote has turned out to be completely WRONG. That's why he bailed out when he did (lucky guy) and he has remained silent on here since. If anything, investors on here should be mad at him, not me. At least I spoke the truth................... and saved them some money.

[dickbush] 03/1/2020 22:35

Over the past month the gold price has risen by circa $75, about 13% of HUM's gold price net of the AISC in the third qtr ($573). Over the same period the share price has risen 12 1/2%. Taking a straight line through that, we'd need almost the peak of 2011 to have the share price rise to just 33p.

[new_buyer] 03/1/2020 21:58

3 or more years of constant negativity, that’s why I filtered the fool!!

[new_buyer] 03/1/2020 20:19

BT doesn’t want this to recover so you have to question why? His 3 years of negativity tell you everything you need to know. Mistakes have been made, that’s for sure, but he’s more interested in conspiracies!!!

[lasata] 03/1/2020 17:29

Dugbe interests me as seems to fly under the radar.

If Hum did a joint venture with someone to explore Dugbe further....what would that do to the SP?

[oohrogerpalmer] 03/1/2020 15:29

BT is the ultimate self fulfilling prophecy!!!!

[borderterrier1] 03/1/2020 15:17

brucey6bonus And yet in the past there have been no shortage of advisors that tell me I was an idiot to base an investment on what I read on the Internet forums. Fsj's glowing 10 page testimonial after he visited the mine? I guess that's different? And as I have stated multiple times, you don't lose until you sell so at the moment I haven't "already lost." I just don't get it that there are those on here that after this length of time they continue to accept that the "management" and Ceo are doing a great job. IMO that's absolute, unadulterated B/S. Wake up.

[kennyp52] 03/1/2020 15:10

I am not investing in HUM because of BT !!

[brucey6onus] 03/1/2020 14:44

Well BT your comments are not exactly going to encourage new investors are they?
How about it's a New Year time for a New Approach from you? - Have you tried being quiet for 3 months??
You're clearly not going to sell but don't believe you'll ever make money (let's leave for now how idiotic this approach is). So maybe a new tactic of silence for 3 months fella? - what have you got to lose? (well you've already lost, so nothing) You know maybe let others buy blindly in, as you did you all those years ago, you never know they might move the share price up back to your buy-in price and you can quietly sell and disappear off, never to be heard of again. Everyone wins! HNY

[borderterrier1] 03/1/2020 14:07

sandeels So, are you saying that my posts on here influence investors? New-buyer calls me an idiot but if you look at the track record of this over a three year period what is happening now is exactly what has happened multiple times. Lots of Hype, renewed interest and then the share price fizzles out again like a damp squib.

[sandeels] 03/1/2020 13:25

... and you're doing your best to keep it that way.

[borderterrier1] 03/1/2020 13:16

moneyfornothing1 If you read my posts over the last three years I repeatedly say I would like this to improve but it never does.

[moneyfornothing1] 03/1/2020 13:05

BT are you not a fool for staying in a share that you detest and belittle every opportunity you get? Doesn't actually look like you want HUM to improve.

[new_buyer] 03/1/2020 13:04

Sad man feel he has to respond to every single post, very sad man with nothing better to do!!

[borderterrier1] 03/1/2020 13:00

Mud field share price 39p. After mine completion and three years of "production" 20p. And you say I'm a fool?????????

[new_buyer] 03/1/2020 12:14

Filter the fool and his narcissistic drivel you will feel much better for it!!

[zhockey] 03/1/2020 09:44

I guess the market is waiting to see how HUM get on during the wet season.

[dickbush] 03/1/2020 08:09

Gold $1543 as I write on the killing of a very important Iranian General. This may be a one day wonder, but this is within 1% of the high four months ago. Once through that there is "only" the all time high of 2011 to challenge. Note that this was near coincident with a low in the trade weighted Dollar which has just had a poor December, rolling over from a long term peak.

[qs99] 03/1/2020 08:06

Not sure market have woken up to HUM yet and its operational leverage to the GP which is spiking on the news this morning USA vs Iran....IMO this could raise tensions for a while, IMO keeping GP higher so have loaded up some more on SHG and HUM....DYOR