Hummingbird Resources Share Discussion Threads

[kennyp52] 03/2/2020 20:35

Borderterrier .. you have been exposed as a right plonker . Do us all a favour and give the board a rest for a month please .

[borderterrier1] 03/2/2020 18:33

I didn't copy the complete post from RB because I knew the posters on here would pull it up to read for themselves. The first part of the post was pure speculation and has been said multiple times by multiple investors on here for a period of two plus years. And, if we're talking about credibility. Knowing what we know today were Fsj predictions credible?

[plasybryn] 03/2/2020 16:40

That is an appalling misrepresentation of the LSE poster by our resident troll. If he ever had any credibility, surely it is total shot now?

[the deacon] 03/2/2020 15:56

This is ridiculously undervalued at current Mcap. 100k-125k oz, with AISC of around $875. Fantastic margin on current gold price. Fair value mcap should be at least £200m-£250m in this current gold environment, and that's with a discount afforded for any jurisdictional risk. Current circa £80m mcap makes this 2-2.5x undervalued in my view.

[moneyfornothing1] 03/2/2020 15:46

But you all knew that anyway.....

[moneyfornothing1] 03/2/2020 15:44

Just to show how borderterrier1 bends things to his negative narrative what RetiredBanker actually said in his generally positive post, when comparing HUM to AAZ, was,

"I see absolutely no reason for HUM not to be valued at $200m on the exact same basis. We should re-test the 40p highs when the FY results are released provided they don't contradict these last two RNS - if they do then Dan has to resign as an incompetent liar."

[the deacon] 03/2/2020 14:47

Good update from DB on Vox Podcast today

[borderterrier1] 03/2/2020 13:42

Great update and par for the course, the share price goes backwards again. I guess us lucky long term shareholders will need to wait another three years for this to reach 25p? From retired banker on the LSE bb:- "Dan should resign as an incompetent liar?" I agree.

[laurence llewelyn binliner] 03/2/2020 11:08

#charlieeeee, agreed, conservative guidance and it is always better to under promise and over deliver, a 120K/Oz average for 3 years + any upside tbc and paying debt down at USD5M/quarter/USD2M a month..

In light of this rapid deleveraging the board will continue to evaluate the best ways to deliver value to shareholders whilst maintaining a balance with the strategic need to grow the mine life and the Company'

I read this as another step closer to dividends, which IMO will be at some point between net cash positive and debt free status, either of which could be the trigger point.. :o)

[charlieeee] 03/2/2020 10:41

A really solid update on the mining/processing: steady production and decent AISC.

The excitement is all in the reserves upgrade/exploration and the program looks like a decent mix of these.

They managed to add 230 oz (plus inferred) in the last 2018 campaign and have decent targets and cash flow this time round.

Mixing that with pure exploration outside the existing mining licence, but close to the plant should, if successful, have a real impact on the LOM.

To some extent, this has the excitement of an exploration company such as Cora, but funded from our own "printing press". Alongside the routine quarterly updates, we should be getting good news flow from our own drilling program, as well as the progression of Cora and the Dugbe project, all of which should make for an interesting year.

Pure speculation, but I do wonder if part of the Cora funding might come from a disposal of the Tekeledougou discovery? It makes no sense to develop it separately, given the proximity of the Yanfolila plant? Presumably, HUM first needs to finalise its own utilization of capacity: if the LOM can be extended to 10 years plus, then Tekeledougou would be unnecessary, unless plant capacity could be extended again. Obviously, establishment of grade is important, since high grade is always worth trucking and useful blending with any lower grade.

[napoleon 14th] 03/2/2020 10:39

hxxps://www.rt.com/news/479902-france-troops-africa-sahel-mali/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Email

IMO we're safe as the uranium that produces 80% of France's electricity is in....


NIGER!

They can't afford to let that go wrong. Situation in FR bad enough anyway!

[dickbush] 03/2/2020 09:24

Target production for 2020 now set at 110,000 to 125,000 ounces. OK so it's the "base case" but the second half of 2019 did an annualised 128,000-plus and the 4th qtr 135,000-plus. We have to wait for, I hope, regular updates from the drilling program as to additional reserves and LoM extension. No news on Dugbe negotiations.

Just being conservative?

[rickyhatton] 03/2/2020 08:23

"Due to its high grades and proximity to the existing open pit Reserves at Sanioumale West, defining an open pit Reserve at Sanioumale East would provide ADDITIONAL OPTIONALITY to the rolling mine plan as well as extending the overall mine life."

[redtrend] 03/2/2020 08:09

HUM will be Net Cash by 2H 2020 (cash position larger than remaining debt) and debt free by end 2021, slight difference. They've always said this as per Q4 report:

"- Targeting net cash position in H2 2020
- Debt free by the end H1 2021"

Current Net Debt is $31m and assuming Trade Payables now back to norms, all free cashflow should go to improving the Net Debt/ Cash metric.

They pay off debt at a set $5m per quarter it appears (+interest).

[avsome1968] 03/2/2020 08:02

I thought our remaining dept was going to be payed of this year not middle 2021 just nit picking, everything else looks good to me steady rise through the year, just need to hit or better targets each quarter with no more hiccups.


110,000 to 125,000 ounces of gold allows us to continue our strategy of deleveraging rapidly to be in a positive net cash position later this year, with all actual bank debt being paid off by the middle of 2021. In light of this rapid deleveraging the board will continue to evaluate the best ways to deliver value to shareholders whilst maintaining a balance with the strategic need to grow the mine life and the Company.

[qs99] 03/2/2020 07:52

Likewise to me. Provides clarity, market can take a view on 5 year cash flows and possible upgrades to resources during that time....drilling/corp dev to then take LOM and company further beyond that timeframe

[susiebe] 03/2/2020 07:49

Any comments re RNS?Looks very good to me

[plasybryn] 01/2/2020 10:41

Look at that recovery chart and look at the gold chart. Both pointing one way imo.
All boats will rise as they say.

[sp500g] 31/1/2020 22:43

The troll has awaken again to continue his personal crusade against Dan Betts. Slowly time to get a new username, isnt it?

[borderterrier1] 31/1/2020 21:02

Dear oh dear !!!!! Anyone thinking of "investing" here would be well advised NOT to read the top 20 posts on the LSE bb. Absolutely abysmal, incompetent PR communications. Why? Because Del Boy doesn't give a rats a$$ about anybody but himself, least of all the loyal investors. What a complete waste of time and money paying a Ceo that should have been fired a long time ago for gross incompetence.

[zhockey] 31/1/2020 11:14

Cora looking good too, I wonder in they will get a mention in the next mine plan.

[qs99] 31/1/2020 09:45

HUM should be making some serious hay IMO....am in large as de-leveraged and chucking off cash, HUM will then have opportunity to widen its horizons....GLA and DYOR....market hasn't woken up to this yet IMO

[avsome1968] 30/1/2020 22:59

Yes another two months of the same please, also analysts are predicting $1700 per oz come April we shall see.

[dickbush] 30/1/2020 13:41

Gold is going to average almost $1560 in January.