Hummingbird Resources Share Discussion Threads

[dickbush] 18/2/2020 15:56

Knocking on the door of $1600 again. I hope that put option didn't cost a lot.

[cinoib] 18/2/2020 15:54

Avsome 30c short then fell back. edit, now 1602.

[avsome1968] 18/2/2020 14:47

Nearly tested 16k just now could finish above it end of week.

[avsome1968] 18/2/2020 12:17

50p


Third quarter a Biggy for hum, if things go wrong its usually that quarter, so if the rainy season is kind to us let hum do the same as the first two quarters 50p will come before 4Q results sure of it, as long golds above $1500 we will be raking cash in.

[wskill] 18/2/2020 10:37

Found a write up on citywire by Berenberg it will be a pivotal year for Hum rapid deleverging will be the driver of a positive share price performance.

Nothing new for us holders this we know.

[glennborthwick] 18/2/2020 08:34

Like the story here. Strong gold price this quarter. If they can pay another 15 million debt off by the 3rd quarter they will only owe only 25 to the banks and hopefully hold 10 in cash so can really see the light at the end of the debt tunnel. SHould double to 50p by next summer once it becomes a cash cow imo

[qs99] 18/2/2020 08:26

so no reason this shouldn't push on through 30p IMO....DYOR

[dickbush] 17/2/2020 20:33

End 2019 Net Debt $26 mil.

[andrewsr] 17/2/2020 20:19

At the end of 2019 they had $40m debt, $9m cash. They expect to be net debt free in H2 2020 and debt free at the end of H1 2021.
A DCF (at 10%) for their base case 5 year plan would IMO be about $215m (46p), but with 1m oz outside the mine plan, i.e. $216m would be very conservative (corrected for say, 20% tax).
There's the prospect of exploration upside, Cora exploration plus value from Dugbe (4.2m oz, but low grade) plus higher gold prices.

[highly geared] 17/2/2020 18:43

What is the current debt levels here? Just looking at EV v 100k oz.annum on c $700/ oz EBiT.

[avsome1968] 17/2/2020 18:25

Couple 200k buys went through nice blue finish today chart looks awesome for the past 3 month could well hit 30p before month end way its going.

[ukgeorge] 17/2/2020 15:58

more of the same tomorrow please

[andrewsr] 17/2/2020 15:58

The criticism has been a bit harsh, but the last RNS was ambiguous regarding cash flow, which wasted an otherwise very positive Q4.
There has been a persistent seller(s), so maybe they're done now and we can get a reasonable valuation.

[seagreen] 17/2/2020 13:15

avsome1968...I like the maths now...I have followed HUM for donkeys years and think maybe because of the disappointments in the past it will take people time to realise it is turning a rather large corner

I would love to see some of the ADVFN experts try and run a bath let alone run a complex gold project although totally sympathise if they were blagged in and lost a lot of money....I have plenty of similar T shirts and videos..the valuations of resources projects has changed and the days of proving up resources and raising money on the market at a higher price have become rarer since the banks put up less capital for their market makers so the swings get bigger...anyway I will slip into the background.....

FWIW Re AAOG if you can find a bigger bear of the fraud that was AAOG than me good luck I started to warn people when it was !0p and was mullered for telling the truth once I researched what was going on.

[avsome1968] 17/2/2020 12:02

Totally agree Q

[qs99] 17/2/2020 11:57

my view is that there has been a mixture of bad luck and below average management. BUT proof is now, if they can't make shed loads of £s in this high POG environment then I will move elsewhere, but momentum is with HUM as market wakes up at least to the "Potential">...DYOR

[ukgeorge] 17/2/2020 11:15

When the share price is back over 40p I might consider giving management some praise.

For now they are still repairing damage. Yes they had some bad luck but some was not down to bad luck it was bad management. Their handling of the whole saga was very much questionable and if the FSA wasn't such a useless regulatory body I believe they would have faced disciplinary.

[seagreen] 17/2/2020 10:58

No pleasing some people....amazing... management turning their dream into reality and shedding off gold, paying off debt, reducing interest costs, low cost diesel environment, production rising, production costs decreasing, economies of scale kicking in,,,,,,time to forget your gripes of the past and enjoy the rise to a quid over the next couple of years....Do the Maths and focus on the future....looks like their chosen method of finance (debt) which could have kippered them has prevented additional dilution for holders and can now be steadily paid off leaving a cash cow (subject to gold prices).....hold and be bold..

[ukgeorge] 17/2/2020 10:27

The best news would be if they had sold it or did a jv where HUM didn't have to contribute anything.

[dickbush] 17/2/2020 10:15

Finally some upward movement on volume buying. News on Dugbe coming?

[wskill] 17/2/2020 09:50

Mostly all buys today so maybe the tide is turning have we had a write up anywhere most unusual .I would buy more myself but have reached my limit in both my sipp and isa.

[avsome1968] 17/2/2020 09:49

The feel factor feels good here now 25p offer nice buying pressure this morning volume rising each day now, chart looks great also.