Hummingbird Resources Share Discussion Threads

[rickyhatton] 16/4/2020 07:58

Overall Hum were $26m net debt at end of last quarter
Now it's down to $9m net debt in this quarter

So $17m improvement in one quarter

And that's with expenditure on tailings, airstrip, exploration, and Bunker Hill

[ukgeorge] 16/4/2020 07:39

+$19MIn a quarter.

[boystown] 16/4/2020 07:36

Solid progress; the threat, I suppose, is the obvious one? All OK currently, but if Mali has to go into lock-down?

COVID-19 Update - Supply chains and logistics for people, supplies and parts remain stressed and continually changing, requiring close attention

[rickyhatton] 16/4/2020 07:30

"Exploration recommenced in Q1 as planned, with an initial focus on advancing the underground potential at Komana East. The first drill holes have intersected mineralisation in the anticipated areas and so we are optimistic that we should be able to add economically viable resources (and thus mine life) to the mine plan. This represents a significant next step in unlocking the potential underneath the Komana East pit."

[qs99] 16/4/2020 07:25

Indeed. Roll forward EBITDA thoughts on higher gold price and this looks ridiculously priced IMO... DYOr

[oohrogerpalmer] 16/4/2020 07:21

Looks pretty good.
11000 oz gold on hand will be worth a lot more now than last month.
Particularly like building of runway for aircraft, take a lot of pressure off current infrastructure going forward.

[qs99] 16/4/2020 07:14

Lovely RNS IMO, but then maybe I'm biased....DYOR.....

Liquid resources (cash and gold) now c.$25m vs c.$34m debt.....$1,568 av gold price realised in Q1, but take $1,700 and you get c.$4m to the bottom line, let's hope gold holds up nicely!

DYOR, but with gold price holding up nicely, this should enable them to i) pay down debt quicker and ii) increase exploration etc......still looks grossly undervalued IMO...

[qs99] 15/4/2020 19:03

Thanks to all recent posts: looking forward to next updates from both HUM and SHG!

[laurence llewelyn binliner] 15/4/2020 18:41

HUM .. We think gold operations here are running extremely well currently and expect a strong 1Q result in the coming days (last year on 16th April), most likely the company's strongest quarter yet, likely a positive catalyst. The balance sheet has historically been burdened by high levels of debt but this will turn to net cash around mid-year 2020 for the first time helping reduce investor risk significantly. After this, cash generation for shareholders ramps fast. Management recently reset 2020 guidance and put in place various targets, a 5-year plan, and incentive structure around these including bonuses. Alongside this there have also been recent new share purchases by management during the 1Q, a relatively rare event in recent times and we view this action as a positive signal for Q1 and 2020 as a whole. Annualising Q4 2019 production (it is somewhat seasonal so not necessarily a good extrapolation) of 33,892oz gives 135,568oz production for 2020 which is well ahead of 125,000oz 2020 guidance, giving some comfort it could be exceeded. For 2020 the exploration budget has been significantly expanded and there is a clear focus on wanting to extend the existing mine life which we think will be successful as the year progresses. This is our favourite of the 5 shares discussed here and hence we would make it the largest holding in a weighted basket. We think a doubling of the share price over a year is a realistic goal.

We could be on a roll tomorrow morning back toward or into the 30s.. :o)

[dudishes] 15/4/2020 18:37

53 trades today, could bring you down with I reckon 4 to 5.

Just need to research and then spread the rumour!

Just as you are reliant upon currently.

No brainer!

[dudishes] 15/4/2020 18:33

I have HUM pos, TSCO pos; SDBY pos.

This is rare!

Short DJ today 24002, closed 23432, go figure!

[dudishes] 15/4/2020 18:29

Rum Swizzle fan actually, but difficulty with supply of ingredients, you should try it some time.

And your posns?

My mate Charlie (Seagreen) obviously has a posn, good luck to you Charlie, What with you GoodGrief?

PS: Yes Charlie, carry on promoting (I will not use the other word), seems to me a good prospect. I'll let you know, after I leave, as usual.

No offence, just past is past - I lost nothing, gained in fact!

I announce wins and losses, most do not. Just my way. It's fun, but spill the beans on occasion. Good to let go etc....
No offence intended, but questions and critic I remain, check my history.

[dudishes] 15/4/2020 18:16

GoodFrief, how does it taste?

[goodgrief] 15/4/2020 18:14

Someone's been on the Absinthe again!

[dudishes] 15/4/2020 17:32

Ye old top up brigade!

Ck'd my Buys, 21/22/24/25.

What price you?

Proven research fine, but rampatic research, not exactly required by the silent holders, thankyou.

Seagreen, stop ramping, pointless, we that invest have a choice.

I know brokers to, very friendly with Evil K, you are not.

DYOR

[ukgeorge] 15/4/2020 15:33

Roll on the results being good and these smashing through 30p any pull back will just be a chance to top up (I hope/pray)

[borderterrier1] 15/4/2020 14:22

I live in hope. But the share price dropping before the update is ominous. Unless of course new_buyer knows something we don't?

[oohrogerpalmer] 15/4/2020 14:15

Ten bagger by Xmas!!!!!
Is that the real BT or an imposter??

[borderterrier1] 15/4/2020 13:23

Yes, can't wait. As always, it will be fabulous news. This will be a ten bagger by Christmas.

[seagreen] 15/4/2020 12:29

3rd lower high 8-( may need to test support at 24p reckon people got caught looking for results...those buys yesterday may have been sells

[techandy] 15/4/2020 12:20

25p by the close?

[ukgeorge] 15/4/2020 11:19

26.5p to buy at the moment :) 5992 added to the collection

[rickyhatton] 15/4/2020 10:55

2020 Exploration of 5 "high priority" targets within 6km of Yan, and Diaban License
"Remaining within the Company's portfolio of Resources there are existing deposits containing Indicated and Inferred Resources not yet in the mine plan (Komana East underground, Sanioumale East, Kabaya South and Gonka Underground), which demonstrate the continued potential to increase the current mine life in the future"



"At 31 October 2019 Yanfolila has a 7.9Mt of Reserve ore @ 2.66 g/t for 676,000 ozs gold.
At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300 ozs gold" - (inclusive of Reserve ore).

Diaban License - "These targets are centred around the intersection of the Siekorole Fault (a geological structure between the Birimian and Yanfolila Belt) and the Sankarani Shear Zone. The Sankarani Shear Zone, is a highly prospective exploration target due to hosting the 3 major high grade deposits of Gonka, Komana East and Sanioumale East"