Hummingbird Resources Share Discussion Threads

[casual47] 06/4/2020 11:25

Rather have apathy than pump&dump

[ukgeorge] 06/4/2020 11:23

I quite like how apathetic everyone seems to be towards this share. Seemingly very little interest. This is normally a good sign hopefully lots of people still sitting on the sidelines or have moved on.

I personally have been buying quite a few over the last month/two. Obviously proof will be in the numbers.

[seagreen] 06/4/2020 10:46

Avsome 1968 ...I have been in and out for a long time and often ditched it after it drops below my tolerance point....I just do not buy anyone who had a decent long position would spend his life deramping it....It is counter intuitive and potentially balls as he has been deramping it and slagging it off for monthsNever trust a deramper who is slagging a share off as there will be an ulterior motive...(seagreen 2020 April)

[casual47] 06/4/2020 09:55

If the rebound happens like it did after previous crashes then nobody will care much about what management does.

That said, let's hope Dan doesn't feel creative.

[seagreen] 06/4/2020 09:50

No management is going to get bright ideas in this environment hopefully

[ukgeorge] 06/4/2020 09:11

surely all the stars are aligned here.

At steady state production
Mine life 6-7 years
Oil prices down.
Gold prices up significantly.
Debt being reduced.
Capital spending (not sustaining) should now be zero.
Margin per oz should be around $500.
Free cash flow should be in the region of $15M each quarter.
Or around 4p per share.

The major worry is if management get any bright ideas.
Takeovers of smaller junior miners most likely cora.
Or other random ideas. #lead zinc mines in Idaho. FFS

Surely if Q1 shows cash up $10M and debt down $5M a quick re-rating in the share price will start.

Hopefully this little rise is the start of the train leaving the station. Chuu chuuu

[avsome1968] 06/4/2020 09:08

BT lost nothing yet seagreen don't think he's sold a share, BT long term holder here longer then me and yourself, just been disappointed with the share price over the years and rightly so. hopefully he gets is chance to sell up at 30p get is money back, or maybe he wont, he's entitled to is opinion like everyone else here.

Lets move on gold on the up again 1Q results round the corner results are going to be good 30p plus before results should arrive next week.

[wskill] 05/4/2020 07:13

We should have a first quarter update soon will it be next week I wonder?

[borderterrier1] 04/4/2020 20:00

kenny52....seriously.....I am deliriously happy....no "deep depressions"..... or hopefully heart attacks. But it's guys like you that have an obvious ostrich mentality. Regardless of the C ups, shortfalls and despite all the evidence, abysmal share price after 3 years etc. you refuse to believe it despite the fact that my predictions here have been 100% accurate. You, like all the others do eventually, will be crying into your beer soon enough. Why? Because now, after this length of time, even if this share price does move N, all the long term holders will sell and the share price will deteriorate again. Give me one good reason why they wouldn't? There is zero confidence in this "management" or "Ceo" now.

[kennyp52] 04/4/2020 18:21

BT1 ... seriously .. you need to sell your shares before you have a heart attack or slip into a deep depression . Spend the money on something that will make you happy .

[borderterrier1] 03/4/2020 18:06

What's the point in anyone commenting on here anymore? The share price tells the story. All Betts are off.

[avsome1968] 03/4/2020 17:38

So why do you think mayor shareholders stick with them if the fruits are not going to ripen.

[avsome1968] 03/4/2020 16:33

Bt

I hope not frustrating share price action to say the least.

[borderterrier1] 03/4/2020 15:53

Well I never! A quick peek at the top few posts on LSE bb discussion page this morning reveals EXACTLY what I have been saying about this for the last three years. Unfortunately, regardless of what new-buyer and Fsj may tell us, we are all MUGS!!!!

[bittorrent] 02/4/2020 18:12

From the last RNS:
"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."
So should be between 25-30,000 ozs, hopefully near the top end.

[laurence llewelyn binliner] 02/4/2020 14:13

Q1 update soon, 16.04.2019 last year.. and confirmation of another repeat 30,000 Oz quarter should see some share price gains for us here, as the debt comes off too.. :o)

[avsome1968] 02/4/2020 14:11

Well just broke through $1600 again

[oohrogerpalmer] 02/4/2020 13:22

The only hedge they would consider on fuel is against going up!!!
Mali gold accounts for 18% of the governments revenue. Think they will do all they can to keep it open.
Also in SA where they've locked down they are allowing some surface mining to continue.
Hopefully Q1 update will see the share price back up towards 30p.

[ukgeorge] 02/4/2020 13:16

A bottom for gold? It is at all time highs in almost every currency in the world. In $ terms it is at multi year highs.

Who knows on Mali, I would expect it to be considered a critical industry and given its remoteness will hopefully be unaffected.

[zhockey] 02/4/2020 13:01

Too much risk for me at the moment, need to see some evidence of a bottom in gold and no shutdowns in Mali

[casual47] 02/4/2020 11:38

Hedges are only ever short term anyway. Their only reason for being is as an insurance to protect a miner from sudden price change shocks and give them time to adjust to new prices.

Hedges are expensive. They are not supposed to be used as a means to make additional profit or for the miner to not face up to reality for ever and ever. A hedging company is not a charity. They need to make money and whatever they lose they will make back one way or another.

[dickbush] 02/4/2020 11:19

Let's hope they didn't hedge that along with the gold price!