Hummingbird Resources Share Discussion Threads

[rickyhatton] 07/1/2020 08:43

"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"

"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"

So should be 2020 guidance, Q4 results, and 5 year mine plan all released this month.

Then at least annual updating of the mine plan, to sustain a 5 year rolling mine plan, incorporating priority new exploration results and ore outwith current mine plan

[moneyfornothing1] 07/1/2020 08:34

I believe one of your conspiracies was that the reason HUM invested in Bunker Hill was because Betts Snr went to the same school as someone on the board of Bunker Hill, is that all fact? OR just fact in your opinion.

[rickyhatton] 07/1/2020 08:31

"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"

"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"

So should be 2020 guidance, Q4 results, and 5 year mine plan all released this month.

Then at least annual updating of the mine plan, to sustain a 5 year rolling mine plan, incorporating priority new exploration results and ore outwith current mine plan

[moneyfornothing1] 06/1/2020 17:01

Repeating your conspiracies?

My point about Jupiter is to rebut your point "Why are Aberdeen Life selling when gold is $1,556? It looks as though they agree with me". Jupiter don't agree with you obviously!!

[moneyfornothing1] 06/1/2020 15:49

they bought recently so they must know something we don't, they certainly aren't fools.

[borderterrier1] 06/1/2020 13:56

moneyfornothing1 For the same reason a lot of others bought and then abandoned this over the last three years. Once again, the LSE bb is buzzing with good news.....like it has many times in the past with this. Lets all hope that this time is isn't premature ejaculation again. The market runs on fear and greed, remember?

[qs99] 06/1/2020 12:12

end of Jan last year was the Q4 update. Will make interesting reading, likewise the outlook as it de-leverages and takes advantage of this high POG.....DYOR...

[andrewsr] 06/1/2020 11:50

Gold has made a significant move through $1550, and 2 of the gold miners seeing a big rise today - Orusur and Conroy - are probably years away from producing any gold. Just shows how irrational the 'market' is, or rather, its participants.

[fillipe] 06/1/2020 09:45

..make that, "now with 22.99p being paid".....

f

[fillipe] 06/1/2020 09:41

Good to see the ASK up at 23p with 22.5p being very well paid, likely ahead of a move higher.

f

[moneyfornothing1] 06/1/2020 08:32

Jupiter have bought BT, why would they do that?

[borderterrier1] 06/1/2020 00:03

Unfortunately, more from Garbage Bull on the LSE bb, the guy that told us in June "1 pound party by Christmas." You were only 80p out. Don't you understand that DB doesn't care about "getting the share price up?"

[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!!!!