Hummingbird Resources Share Discussion Threads

[seagreen] 02/3/2020 15:05

I signed up for a 5 minute discussion not a life time ...as we have nothing knew or further to add I shall get on as it is not adding anything to the thread.....toddle pip

[borderterrier1] 02/3/2020 14:34

seagreen. The Border Terrier:- brave, intelligent, skilled at hunting and wiping out rats. Correct, that sums me up admirably. But back to the original post. After three years invested here the one thing that is abundantly clear is that this is a sinking ship, most of the rats have now left........and I don't blame them.

[seagreen] 02/3/2020 14:17

borderterrier Good morning ..a curious name as they are known for yapping and being a pain. However, if the figures in their accounts and presentation are accurate then there are grounds for reasonable optimism if gold stays at these levels and their workforce can continue to work. The recent shakeout I believe to have been caused by a liquidity issue within global markets and people swimming without their trunks, I do not think it is specific to HUM it was just colateral damage. Anyone who says they know what is definitely going to happen to a stock price or a global market is playing with fire. Gold mining is extremely complex and you can be mining a bonaza grade seem which can suddenly become moderate or vice versa. So purely from the numbers they seem to be heading for a calmer place and as long as they use the surplus cash to pay down debt then other investors will pick up on this. Nothing is certain but they have hedged a drop in gold with some out of the monety options at circa 1350 from memory and have not vapped the upside. Hopefully they will carry on with this process as the price goes up an acceptable form of insurance. I agree the options look remarkably generous and annoying but they may feel they have given a huge chunk of their working life to this project. But another observer pointed out if they do well so wil all the shareholders.

I guess you and others lost their shirt on this and if that is the caase I am sorry for your losses. But the price of gold has moved significantly and the project has moved into a highly productive phase and provided you can see through your red mist of hatred for the management and they stick to the plan the underlying matrices have changed in their favour and I accept there are cheaper gold producers but if they ge rid of the debt I think there is the potential for significnt gains if you can buy some and sit on them.

Time will tell and I quite accept some people dont have any desire to reinvesting in a company where they have lost their shirt but if you can bury your hatchet and look at the figures you may realise why some people including analysts feel ths is undervalued.

Time will tell not you or I ........but I am always weary of those who appear on advfn telling everyone that they are the second coming and uber investors etc

No one likes a show off

[qs99] 02/3/2020 14:07

So Odey been reducing.....

[ukgeorge] 02/3/2020 10:09

22.95p to buy at the moment

[qs99] 02/3/2020 09:42

think HUM is lagging the new increased POG as margin calls last week make way to more logical sentiment IMO...DYOR

[zhockey] 02/3/2020 09:21

Wise or lucky?

[cinoib] 02/3/2020 09:04

Of cause if you didn't sell out in the mad scramble then you wouldn't have to pay the inflated prices to get back in today. That applies across the board as the ftse is currently up 178. I sat pat and as a result am 1200 nicker up already. Wise man speak wise words and 3 crashes has taught me never to panic as you will get your money back at the end of the day.

[ohisay] 02/3/2020 08:26

Couple of weeks old but still relevant.
Seems good value at current price.I've added FWIW.



Analysts at Berenberg upped their target price on gold mining firm Hummingbird Resources from 38.0p to 44.0p on Monday after the group's updated five-year mine plan and guidance for 2020 which had confirmed the business' strategy and focus.
Berenberg said 2020 was set to be "a pivotal year" for Hummingbird, as rapid deleveraging continued and its transition to a net cash position was expected to take shape.

"We forecast the company to be in a net cash position of $19m by the end of 2020 versus net debt of $31m at the end of 2019," said the analysts, who stood by their 'buy' rating on the stock.

[avsome1968] 02/3/2020 08:05

Don't forget Hum share price not had the same gains as other gold miners so cant see too much more down side AAZ top gold producer was down to 111.00 investors taking cash from huge gains over passed few years.

[qs99] 02/3/2020 07:58

POG heading north again should help sentiment iMO

[avsome1968] 02/3/2020 07:47

Cora Gold Limited, the West African focused gold company, is pleased to announce that it has started a test work programme in conjunction with Hummingbird Resources Plc (AIM: HUM or 'Hummingbird') relating to a bulk sample programme. The objective of this programme is to explore the amenability of the oxide ore at Cora's Sanankoro Gold Project ('Sanankoro' or 'The Project') to be concentrated to a level that would be viable for commercial trucking to Hummingbird's Yanfolila Gold Mine, located 100km from Sanankoro.

Bert Monro, CEO of Cora Gold, commented, "The recently completed Scoping Study at Sanankoro showed the potential for a standalone mine with an 84% IRR and less than 18 month payback period at a US$1,400 gold price. Whilst this is clearly a highly compelling standalone project, Cora's board is simultaneously assessing additional opportunities through which to potentially fast track development, including identifying synergies with operating mines in the vicinity. We are pleased to be working with our largest shareholder, Hummingbird, to investigate the opportunity to potentially deliver a high-grade concentrate which could, in principle, create a fast track route to low capex and positive cash flow for the Company.
"We are committed to delivering the optimum route of development for the benefit of all stakeholders and will provide updates on this test work in due course."
Further information on the test work programme
Cora has arranged for a 350kg oxide bulk sample from the Sanankoro permit to be shipped to North America for gravity and sizing based metallurgical test work at a facility independent of both Hummingbird and Cora. The programme will investigate the amenability of the ore to be pre concentrated at Sanankoro using a process that requires low capital expenditure, in order to create a high grade concentrate that could be economic to truck extended distances. If results are encouraging, then further testing may be required to confirm whether there are potential synergies with existing operations in the region.
Historical test work completed by Cora has given Hummingbird's technical team a good initial indication that ore concentration may be a possibility. This test work is an initial step before further studies may need to be completed.

[kennyp52] 29/2/2020 21:04

The markets will settle ... the gold drop might be temporary . Let’s be real here .. it’s well up on last year when gold miners shares were being readily traded with optimism and the fact is AISC will not have changed and POG is still considerably up. It’s only a week ago many on here were jumping up and down with it approaching 30p and ramping 40p and nothing has materially changed at the company ... fundamentals haven’t changed. When the financials come out the share price will hopefully react . Might still drop further yet if the media driven panic over the coronavirus continues to be spewed from the TV but sub 22.5 is where probably a lot of investors entered so no real damage done yet and still potentially holding cheap shares. All in my opinion of course . Not in deep on this one but would love to see it double .

[borderterrier1] 29/2/2020 20:48

sandeels Surprise, surprise for you then? Anybody else out there held a mining stock for over three and a half years and now its worth half as much it was when it was a hole in the ground?

[sandeels] 29/2/2020 14:19

bt 15 - 30p ie 100% increase is not hovering.
'Dan is without a doubt one of the smartest guys I know.' Hadn't realised you know him...

[avsome1968] 29/2/2020 12:24

Bt

No good telling me now lol. you need to email me your tips, my portfolio not looking too good at the moment.

George

I've double that amount happy to hold, look it this way if their a global slow down further interest rate cuts or more quantitative easing, all 3 of these scenarios would traditionally side and support the gold price, just have to see what unfolds, my mate called this right sold at 29p range and he bought back in on Friday lucky for him I decided not to panic, roll on a better week.

[ukgeorge] 29/2/2020 11:37

no still holding have 125k now. so hoping the company is now on the right track. The options are annoying but I hope they meet their targets. The general market is obviously very worrying

[borderterrier1] 28/2/2020 23:53

avesome My best performing stock in 2019 was axsome NYSE AXSM. It went up 3,578%.
Any relation? LOL

[borderterrier1] 28/2/2020 19:38

new-ostrich I guess your heads in the sand again? Yes of course, its all the fault of the corona virus not the "disgusting RNS" TBTT words not mine?

[new_buyer] 28/2/2020 18:41

At least it was a pleasant couple of weeks on this board!! Shame it's now over.

[borderterrier1] 28/2/2020 17:06

sp500g Then perhaps you should ignore my comments and only read the comments of the INVESTED derampers on the LSE bb?

[sp500g] 28/2/2020 16:22

All mining stocks took major hits in the last days:

But this is probably none of interest for our usual non-invested deramper.

[borderterrier1] 28/2/2020 14:32

Dan is without a doubt one of the smartest guys I know. How else could someone run a co. like this so badly and keep pocketing his huge salary and stock options? Priceless.