Hummingbird Resources Share Discussion Threads

[seagreen] 24/3/2020 09:03

I do not do IG etc but there is a 5 buck spread on gold apparently ....says it all @nogoldleft

[casual47] 24/3/2020 08:23

Maybe best leave the conclusions from corona. About half of those ending up needing a ventilator are younger than 65. Mali has only 2 ventilators in the whole country. Everyone who can't get one will die - young and old.

This will be neither here nor there for HUM in all likelihood.

[ukgeorge] 24/3/2020 07:28

Should be a good day today gold continued up. C 19 for Mali is a small issue imo, due to one important fact, the country's life expectancy is 60 and the median age is super low like 16. Therefore the majority of the population will be able to weather the storm of the virus without medical assistance.Obviously ex pats at the mine are at risk and may have big travel problems. Hopefully this is all be managed.

[oohrogerpalmer] 23/3/2020 20:19

Mali is one of the few countries in the world with no confirmed cases as yet.
Hopefully if this continues and then followed with a good 1st quarter update, the continued increase in gold price should see that 30p broken.

[casual47] 23/3/2020 20:17

Every country around Mali has it. Would be a miracle if it isn't in Mali already. Algeria has more than 200, Burkina Faso 75. But that is of course grossly underestimating the actual number.

If you think miners closing down left and right is good for the shareprice of miners then maybe think again.

[seagreen] 23/3/2020 20:14

I check the Mali web site regularly they seem to still be ok

[oohrogerpalmer] 23/3/2020 19:55

South Africa going into 3 week lockdown from Thursday. Assume this will close all the mines there!!!!
Not sure what it will do for gold price but you would think it will help.

[the deacon] 23/3/2020 16:34

Absolutely convinced we'll see 50p this year Seagreen. I don't think I can remember a time where the fundamentals for gold were any more compelling than they are right now.

[qs99] 23/3/2020 16:15

oops, double clicked in all the excitement sorreeeeee

[qs99] 23/3/2020 16:15

not reacted much compared to others in this space....

[qs99] 23/3/2020 16:15

not reacted much compared to others in this space....

[seagreen] 23/3/2020 16:13

Swiss gold refinery x3 closed mote pressure on gold price which is nice

[seagreen] 23/3/2020 13:35

unlike one or two trading at a premium to NAV (eg PAF) we seem to have a market value of only 50% of NAV at half year figures....which all subsequent udates imply that NAV should be a tad better or even a large tad better....so for value seekers one could be forgiven for thnking the share price might double ...its a boring accounting thing....but I will let the market show value in due course

(If you are extra cautious remove the goodwill from the NaV and we are still trading at a 25% discount to NAV less goodwill as at June 19)

[dickbush] 23/3/2020 13:18

I agree.

Bloomberg has a story that Germany, keeper of the Maastricht budget rules, is proposing a package worth $800bn. Unfortunately, I'm past my limit of free access. So, I can't check it, but, if so, that's 20% of Germany's GDP!!! If the Dems and Reps could do similar, markets and gold would be really be humming (pun intended).

[the_debt_collector] 23/3/2020 13:00

Looks cheap at current levels, hit 31p intra day recently.

[dickbush] 23/3/2020 12:58

$1522, getting a push from the reversal to positive by Dow futures after the Fed steps in to calm the market. See Bloomberg.

[ukgeorge] 23/3/2020 12:17

gold on the up

[dickbush] 23/3/2020 08:58

Dow futures now down 700. Pressure still on the politicians. I'm sure Trump can find time for a call from Goldman Sachs.

[dickbush] 22/3/2020 23:26

Dow futures down 950 (-5%) and down 40% from the high just over five weeks ago. I think Friday's melt-down on Wall St was due to the failure of Dems and Reps to agree a fiscal stimulus plan. Still, as I write, no agreement as they fight over how much goes to companies v working people. It looks like the Dow is telling them to get it done or else. I imagine that Trump will be pretty upset watching this. His top economic adviser, Larry Kudlow is talking about a deal in excess of $2 bil, some 10% of GDP, and twice what they were talking about on Friday.

Until a bill gets signed it looks like more pressure on the UK and other markets that follow Wall St's lead.

[bittorrent] 22/3/2020 11:49

Sandeels, seconded!

[sandeels] 21/3/2020 17:39

And there's me thinking that this thread was about Hummingbird Res, how silly of me.
Please people, can we try and keep on topic, it's not as if we haven't heard enough about CV19?

[seagreen] 20/3/2020 21:32

the malaria drug makes sense how effective it will be we will see but I would volunteer for it if needs be...its vile but ok

[oohrogerpalmer] 20/3/2020 20:12

Yeah, anybody with symptoms are shot before testing so no confirmed new cases,
ALIVE !!!!!!

[bigglesbingham] 20/3/2020 20:09

Wondering more about the miracle in Chine no vaccine no new cases everything get back to normal. Doesn't stack up .

[casual47] 20/3/2020 17:04

The malaria drug is already helping people but there will be some more testing