Hummingbird Resources Share Discussion Threads

[casual47] 12/3/2020 08:50

Gold miners just need to get to the other side of the next results and then all will be well, imo.

Until then it could get very choppy.

[zhockey] 12/3/2020 08:48

Casual that was kind of my point

[casual47] 12/3/2020 08:47

Gold is not the issue. HUM would be worth multiples of what it is today even at $1300/oz.

The issue is fear and fear is irrational, it cares not for e.g. EV/EBITDA.

[zhockey] 12/3/2020 08:41

Gold could be $1000 or $2000 in a few weeks. Too much uncertainty right now.

[avsome1968] 12/3/2020 08:39

Look guys gold still 1643, this is huge for hum only way this will tank if they send workers home due to virus and shut down mine for a while, hum not had the rise compared to other gold companies back were it was last year, Ive took a hit on a few that cashed in over the weeks and will be adding more on dips here.

[zhockey] 12/3/2020 08:06

The markets are only back to where they were at the end of last year.

[dickbush] 11/3/2020 17:30

Wall Street on the slide again. Profit-taking in gold?

Fiscal stimulus coming on top of near zero interest rates.

Let's hope we don't have to bail out the banks again.

[roger207] 10/3/2020 20:16

Hum mmm - expensive

[qs99] 10/3/2020 14:47

Hopefully drop has flushed a few weak sellers out....onwards and upwards

[ukgeorge] 10/3/2020 10:11

It doesn't mean that they can't use some common sense and hedge their exposure to oil at this opportune time. They give themselves fing massive bonuses to go with high salaries. It is time they earned them.

[dickbush] 10/3/2020 09:36

If he's buying now no news can be pending in the next two weeks.

[ukgeorge] 10/3/2020 09:28

I hope they earn their crust and hedge the oil!!!!!

Great opportunity.

[qs99] 10/3/2020 09:26

thanks seagreen, nice to have that from someone who has obviously met/dealt with him. As you say, the net effect sometimes is what counts GLA

[seagreen] 10/3/2020 09:01

young fd..good young bloke very solid...but by no means rich! It will be significant for him....always very nice guy

[plasybryn] 10/3/2020 07:26

Surprised he can buy now. Isn't news due?

[qs99] 10/3/2020 07:13

35000 bought by FD, continues trend of director buying....small stuff I know, but all helps....would be nice to see a big old purchase by the board!!

DYOR

[dickbush] 09/3/2020 14:38

Dow Jones down 1,470 after being down over 2,000. No sign of general stock buybacks and margin debt is massive. Needs to rally or the phone lines are going to get hot by lunchtime.

Ended down 2,040, just a couple of hundred points above the 20% down from peak level where a bear market would be called. Note that this happened in early 2018.

[qs99] 09/3/2020 13:23

and heading through $1,700 I reckon DYOR....but HUM moving South when cost element is multi-year low and revenue element is at multi-year high is not logical in my book! DYOR

[ukgeorge] 09/3/2020 11:21

Yes at 1350, gold is now 1670 at a 7yr high.

[toinifinity] 09/3/2020 10:48

POG holding up nr recent record highs, price of diesel (AISC) falling sharply, share price down? Irrational markets time. Hey ho, if I had a pipe I'd light it now and wait this nonsense out

[casual47] 09/3/2020 10:26

Gold is already hedged, on the downside.

[ukgeorge] 09/3/2020 10:24

Dropping on relatively low volume. Hopefully just a short term correction.I would like to see management hedge oil prices now, and would also like them to hedge gold sales. Perhaps 50% of production for a year or two and all of oil/fuel. The mine has a high strip ratio so fuel is a big component of costs. The oil price crash is a great opportunity.

[dickbush] 09/3/2020 09:22

I think we can safely describe this as a panic and, once again, investors are taking profits in gold. I'm so old I can remember when a declining oil price was good for shares.