Hummingbird Resources Share Discussion Threads

[avsome1968] 26/3/2020 16:52

Nice update from hum, gold dithering up again, and results due soon no impact yet.


Despite the content of this announcement, to date Hummingbird has experienced no adverse impact on its production from COVID-19 and expects Q1 production to be in line with expectations based on annual guidance.

[dickbush] 26/3/2020 16:24

I hold DB responsible for the operation of the business not the share price. Growing output since the downpour and mining error of 18 months ago.(yes, you can have go for that, but it's getting a bit historic now). I'm very pleased with what's happened since. Ultimately, if they meet the targets that get them to very nice bonuses, I won't be complaining.

[qs99] 26/3/2020 12:19

Must be making some serious serious hay in this gold pricing environment no>? DYOR

[seagreen] 26/3/2020 11:23

RNS is sensible and better than some mines for now...cautiously positive

[seagreen] 26/3/2020 10:38

Another spike In gold prices seems inevitable with all the monopoly money coming ...then hyper inflation even

[dickbush] 26/3/2020 10:12

They still plan to go ahead with elections? Not really a good idea.

FYI



What a surprise! Trump doesn't want to wait for FDA's series of tests. It's all politics with him.

[oohrogerpalmer] 26/3/2020 09:40

They have partial lockdown from 9pm -5am .
They have closed their borders but still allowing freight to move through.
So far business is not affected but don't know how long that will last !!!!
They still plan to go ahead with elections on Sunday.

[ukgeorge] 26/3/2020 08:19

21.9p to buy this morning added 5737 roll on Q1 results being good.

[oohrogerpalmer] 25/3/2020 19:15

1st cases of the virus confirmed in Mali, let's hope they can contain it.

[borderterrier1] 25/3/2020 19:05

With the stimulus package, ALL the stocks in my portfolio have shown a healthy recovery over the last two days. Except one. Anybody guess which one that is? Here's a clue: - it's the same one that Berenberg now gives a target price of 44p and 3 years ago Beaufort gave a target price of 65p. Disappointing, eh?

[casual47] 25/3/2020 14:27

So far not for AIM companies. The two weeks will probably need to be extended. I can't see how companies can know what's what in two weeks time. E.g. the peak in UK isn't going to hit for another few weeks.

[dickbush] 25/3/2020 14:10

, and FRC's announcement here

Not relevant... yet.

[the deacon] 25/3/2020 12:19

Agree. My preference is gold royalty companies for main holds - giving high margin well diversified exposure, followed by undervalued producers - such as HUM

[bittorrent] 25/3/2020 07:19

RNS from Cora pointing out the sensible measures they are taking and that they are relatively isolated anyway. Hopefully similar picture at HUM.

[casual47] 24/3/2020 22:23

Based on the fundamentals I would expect quite a bit more than 50p, especially once they start the divi. Even with gold at $1400/oz.

Nobody can know what the fallout from Corona will be. But what's good for gold is not necessarily good for gold miners. Miners are equities first, always. (It's why you will very rarely, almost never, see real goldbugs recommend buying into miner shares)

[seagreen] 24/3/2020 22:11

Why do you think you are the only poster on chariot ? Has everyone thrown in the towel? This can be good or bad? If you are lonely we could adopt you as long as you give fair commentary. I would much prefer to know I was not sitting on a potential 50p stock if there are genuine reasons. The obvious risk is covid19 vs an apparently good third quarter announced and as of Feb a positive outlook for quarter 4 (no idea about March) . So in theory the year should have been highly promising. What ever you think or hope will happen with covid19 in Mali, most are reliant on the internet and do not have cousins in the country we can give a buzz too. Hence know one knows what will happen and only a fool would predict that. I do think from all I can gather that we are or should be in the most promising position for some time but the cloud that is covid19 hangs over all of Africa but I was impressed at how quickly mali were reacting to the virus almost ahead of South Africa (maybe). I was impressed at the age guidance given (all be it sad) but we will see how it effects the young as it is panning out in London. But had a message from a fellow 61 year old (who actively gas to market etc) who said he was recovering from the bug in London. So in reality I would prefer any raise in value to be cautious and to avoid the fruit flies who ramp it too high then sell it causing carnage to the inexperienced investor. So your efforts to bring perspective to the outcome is well met by me. (Obvs as you noted I Know few people at Goldman any more and I doubt they cover the stock! So I apologise for joshing!) Stay safe I hope the kids in London finally get the message it was party land up until today.

[casual47] 24/3/2020 17:39

I'm pretty much the only one posting on CGH so I'm not going to have a conversation about Corona with myself... but as it happens I have posted the up to date corona stats in Kyrgyzstan twice this week.

My corona posts here have only been in reaction to rather stupid and misleading posts, which I think is fair enough

("Mali will be safe because it's hot" style stupid posts)

[redtrend] 24/3/2020 17:34

If he went to Armenia, maybe he does need testing.

GS might say producing miners HUM are significantly undervalued and it's a good time to buy with the risk baked in.

They may say a fully operational remote mine with all Plant at site, operational and capital spares on site in event of maintenance/ breakdown, no issues in terms of cargo coming in and out of Mali, a local labour force for the remote mine in the remote village next door, the risk of downtime is low compared to other operations. Low but could still happen like anywhere, however in terms of risk-reward an extremely low market cap of only £80m for a 130,000 p.a. producing gold mine at $850 AISC. That's an EBITDA of $95m p.a., more than the market cap of the company!

Now for operations that are in the development stage that rely on significant capex ($110m of Capex for CHG's Tulkubash, ouch) and imports of heavy machinery (not just small parts easily airfreighted), like Chaarat, specialised Contractors requiring to come in, I think they would be very concerned. Late 2021 could be looking risky, with delays and escalating capex. As they would with a region like Armenia right next door to Iran where corona exploded, with Armenia cases now 235, the point at which it becomes almost impossible to contain without complete lockdowns like South Africa, with potential mines closures. Particularly when a number of the last few cases have been in industry in factories. Already with CHG having a whopping Net Debt of $69m, any impact to mining or to delay to development and escalating capex would not be pretty. Producing half of what HUM does at a much higher AISC over $1,000, far riskier, huge Net Debt and market cap of £114m, I'll plump for HUM which is significantly more undervalued in comparison.

It's times like these you want to invest in producing miners with low Net Debt, not those that could struggle in a recession with high debt loads and high risk of project delays.

Strange how all these concerns you have concerning corona you don't post such concerns in the CHG thread where they are far more pertinent. You seem to refer to CHG operations as "isolated" yet seem incapable of referencing this when it comes to Yanfolila. In fact CHG's Kapan is right down the south near the Iran border and is not that isolated at all.

Your negative posts on Corona limited to HUM and Highland. I think the discussions we have on corona are far more important on the CHG thread.

[casual47] 24/3/2020 17:09

Sounds like your mate may need testing for Covid, sounds delirious....

[seagreen] 24/3/2020 17:04

Casual 47 my mate at Goldman says avoid Armenia as well as Tulkubash and Kyzyltash in the Kyrgyz Republic at all costs and any stock where JM Fin is hired to co-broke with Numis as their analyst is a back of the envelope man and it means Numis have lost interest due to the market cap being slashed and want to run from the carnage .....

His top pick was Mali

Hell of a coincidence but great news

[qs99] 24/3/2020 16:03

Gold going nuts.....sort of helps prove some of the posts above right.....stays above $1,600 or even heads towards $1,700 and likes of POG, CEY, AAZ et al are going to make a lot of hay iMO....and HUM!

[seagreen] 24/3/2020 15:28

To be fair no one trusts Goldman Sachs....but I agree with the logic