Hummingbird Resources Share Discussion Threads

[oohrogerpalmer] 24/3/2020 13:29

Mali is currently one of the very few countries not affected by cv19.
Hopefully if they can keep it back for longer time and the mine stays open for a while then this should push towards 30p very quickly.

[casual47] 24/3/2020 13:27

The fundamentals are more than sufficient to, arguably, support a much higher shareprice (multiples higher). That was the case before Corona and will be the case now.

I don't know why some folk want to crowbar other stuff into it. Especially if it's stuff that if you think it through would actually be a downside risk.

[bittorrent] 24/3/2020 13:23

I think the gold situation is a bit more complex, it's not like oil or perishable foodstuffs, there is a lot of gold in vaults around the world. The price reflects the perceived value compared to other investments.

[ukgeorge] 24/3/2020 13:18

Did I say they were immune? Do you literally try and be negative on everything?

If gold mines in US, Canada, South Africa get closed on a temporary basis and production at Hum is unaffected it is likely a positive gold an consequently for Hum.

A potential negative is the temporary closure at refineries in Switzerland.

For now gold is at all time highs in sterling, production is (touch wood fine) hopefully ticking along at 10koz a month.

[casual47] 24/3/2020 12:54

Why do you think HUM or any other miner would be immune?

It's a strange thing for folk invested in miners to get excited about the prospect of closing mines....

[ukgeorge] 24/3/2020 12:53

Casual if Hum carries on producing and supply is dropping from other sources it will be good for Hum. I don't think it really needs explaining further.

[casual47] 24/3/2020 12:50

How will a global trend of gold miners closing down be good for the shareprice of HUM, with their single producing mine?

[avsome1968] 24/3/2020 12:46

With gold mines closing for short periods around the world, gold supply will be obviously be running short, so this will also help the gold price rise quicker and a lot higher.

[chipperfrd] 24/3/2020 12:34

Hi Seagreen,

All from my own database. Most have not been updated (NAV wise) since the interims.

Have not discounted goodwill (cannot say I have seen much on Goldies balance sheets anyway!).

All the best.
Chip

[seagreen] 24/3/2020 12:28

hi casual...I marked it down as too confusing...but will have a look later...many thanks chat on the other side or bung me an advfn message...I was trying to convince my 92 year old Uncle an x broker about it being undervalued and the fact gold could go up last night .......Had the I have seen it all before (he has) and gold has had a good run...(I also put him into some AIM darlings--which collapsed with the minining shares and he tends to buy and hold and ignore the bath water running away)

[seagreen] 24/3/2020 12:23

hi chip ..was that based on NAV less goodwill as at June 2019...otherwise looks too high but advfn market figures are a mare...will have a look...ta...hope you are well...

[casual47] 24/3/2020 12:22

I'm not a gold bug but a gold miner bug, specifically FSU region. The two have only limited crossover. A lot of the goldbug projections and assumptions are positively disastrous for miners.

I hold HUM also, because it is undervalued, imo.

There's a few errors in your potted history on CGH but can discuss over on the CGH BB if you want.

[qs99] 24/3/2020 12:11

this should be through 30p IMO

[chipperfrd] 24/3/2020 12:00

seagreen,


Stock .. PBVASM … 0.2EGO … 0.3MND … 0.3OGC … 0.5FSM … 0.5HL ….. 0.5GPL … 0.5AUY … 0.6ALTN .. 0.6USA … 0.6CDE … 0.7MML … 0.7RSG … 0.7EXN … 0.7SBM … 0.8AXU … 0.8HUM … 0.8CMCL .. 0.8SRB … 0.8HMY … 0.8SVM … 0.8GV ….. 0.9TSG … 0.9PRU … 0.9SHG … 0.9KGC … 0.9HGM … 0.9TRY … 1.0


But stock prices have already risen dramatically this week so above data is probably already out of date.
Chip

[ukgeorge] 24/3/2020 11:23

another piece of good news is that gold in sterling terms is now £1,400 an ounce.

literal gold mine now ......

[qs99] 24/3/2020 11:17

indeed, with gold zooming through $1,600, HUM should in theory be debt free earlier...DYOR

[laurence llewelyn binliner] 24/3/2020 10:44

2020 Q1 closing in a week, update in 3 weeks and another 30,000 Ounces confirmed will set up up nicely with further debt reduction and the current upswing in POG .. :o)

[avsome1968] 24/3/2020 10:36

This gold surge couldn't come at a better time results just round the corner.

[the_debt_collector] 24/3/2020 10:27

IG quoting 25p for just 10,000 shares, a 2p premium !

[casual47] 24/3/2020 09:59

Miners being discounted to NAV is very common.

Chaarat Gold bought a producing mine from Polymetal for a fraction of the NAV - purchase price was $50m, NAV is ~$125m

[dickbush] 24/3/2020 09:56

Up 10% on a good day for gold and the UK market. Makes sense to me, but the spread is theft.

[seagreen] 24/3/2020 09:42

If the maths is right this is one of the cheapest producing gold mines on a NAV basis and the hot money was shaken out by Crispen selling a shed load of shares and reducing his holding....if there is a cheaper one on a nav basis that is producing would be keen to know

[seagreen] 24/3/2020 09:33

One or too old bears squealing and derampers ....its a matter of time trading at a discount to NAV imho

[avsome1968] 24/3/2020 09:09

Good time to spread your bets bought into aaz tsg, I've enough shares in hum, solid gold companies that I think will rocket next 18 months.