Hummingbird Resources Share Discussion Threads

[new_buyer] 06/5/2020 21:35

What are the chances of a crack st 29p tomorrow? POG just dropping a touch.

[seagreen] 06/5/2020 13:49

I see Deputy Dog is throwing his old bones about in disgust at the price going up and Berenbergs report...his raison d'etre is to deramp end of story

[borderterrier1] 06/5/2020 13:02

Dan_the_Epic No, the problem is poor communication and mis-management.

[dan_the_epic] 06/5/2020 10:35

Yes maybe not as bad as it looks. Theyre surrounded by other majors and mid tiers

hxxps://www.altus-strategies.com/site/assets/files/4535/as_-_mali_overview_map.616x0-is-hidpi.jpg

[dickbush] 06/5/2020 10:35

seagreen

I used to be a professional fund manager and if I'd taken out a put on the market in front of a major market move up, I would not only have got my butt kicked by my boss, but the cost would also have reduced my return and my position in the performance league tables.

One of the reasons I was attracted to HUM was DB's stating that it was a pure play on the gold price. No hedging. I guess that was then and this is now, and it isn't.

No, I'm not going to move off to an unhedged play. IMO, like so many here, I view HUM as cheap as chips on Yanfolila alone and with every increase in the gold price a deal to exploit Dugbe gets more likely.

[new_buyer] 06/5/2020 10:31

Many many miles away from Yanfolila but nothing to say it’s not impacting investment decisions

[pireric] 06/5/2020 10:12

I've picked up a starter stake. 2-6 month trade on the back of them moving to net cash. Been mulling for a couple of weeks and thought I'd take the risk. Think if it breaks 30 then that can help drive a momentum-related rerating. There's obviously risks here, let alone operational or geopolitical ones, but probably overly captured in the multiple. Don't think there's any value in the market for exploration activity success or Dugbe. That might well turn out to be fair, but better to be in a position where its not valued as any event that crystallises that can also drive a re-rating.

[seagreen] 06/5/2020 10:02

Broker note was end of March but have not seen it as its institutional. Not sure I know anyone at Berenberg but will try and see.

[seagreen] 06/5/2020 10:01

Charliee dont be put off no one minds every avenue being explored its oppinions that make a market and as long as they are constructive and are valid its grand.

It is the boring rerun of the deramper trolls that repeat the same old negative stuff without giving any credit to management for the turn round I feel is sad ....

The CFO is relatively young and dam good I suspect he does not have huge sums of money to lash out on share purchases.

I totally disagree his hedging was totally prudent and gave cash flow visibility without preventing the company from benefiting from the upside. Others may disagree.

I hope he will repeat this hedge again at a higher price others may not.

No one has a crystal ball or expects the spanish inquisition.

It is so easy for pi's to criticise from the comfort of their arm chairs only the people on the ground can see the daily complexities and diferent chalenges that occur in a gold mine.

Onwards and upwards and yes aim gold miners always lag large cap valuations or canadian gold mines. But with a long gold bull market they can close the gap and when debt free it will go billy bonkers

[dan_the_epic] 06/5/2020 09:51

Isnt Mali the issue here more than anything else?

hxxps://www.csis.org/analysis/why-mali-needs-new-peace-deal

April 15th 2020

[borderterrier1] 06/5/2020 00:27

And I see go-brokers Berenberg issued a confident Hum price of 47p? What planet are those guys on? Perhaps they're friends of Dodgy Del Boy, "Loooong and Stroooong Pied Piper Campbell and thumbs up new_liar? Think I'll buy myself a crystal ball get a well paid job as a broker. But, wait a minute. Wasn't Dodgy Del Boy a broker before he tried his hand at gold mining? Of course! That explains it! As Monty Python would put it, nudge nudge, wink, wink, say no more squire, say no more! Is it time to buy another ball mill or dodgy zinc mine yet?

[charlieeee] 05/5/2020 21:40

Well, some think it is significantly undervalued.

Courtesy of Blackfisk on LSE

"hxxps://www.sharesmagazine.co.uk/news/market/6906121/Broker-Forecast-Berenberg-issues-a-broker-note-on-Hummingbird-Resources

Does anyone have the note itself? It is a good sign and I wonder what prompted it"

An upgrade from 40p to 47p.

[borderterrier1] 05/5/2020 19:07

new_buyer You're bringing attention to yourself again. You only need to look at the three year chart here to realize that investors are already laughing at you and your friend Frank Campbell. BTW, where is the Hummingbird Pied Piper these days?

[laurence llewelyn binliner] 05/5/2020 18:04

The share price will start to re-rate as the milestones are ticked off, next cash positive first, debt free second, trade payables fully up to date 3rd, and a maiden dividend announcement lastly to send it on its merry way north.. :o)

FY2019 financials in a couple of weeks and we get some colour on the numbers..

[charlieeee] 05/5/2020 17:42

UK George

The people making good money here are the traders, rinse and repeat.

Eventually, the higher lows will edge the share price up to a level where the LTHs, who funded the company, will be back in the money.

This will be one of the very few AIM minnows that will reward shareholders: a cash cow surfing great POG and that timing, of course, is partly good luck and partly because the company cracked on with the project when they acquired it.

The reason why I admire this BOD (and I suspect the quality financial planning comes from the CFO)is that they added the second ball mill, which contributes greatly to the profitability, even though cash was tight: quite ballsy.

Most posters don't even try to understand the Bunker Hill opportunity: it would have been complimentary to gold as a counter cyclical product. I suspect now that it will be divested at a small profit, due to popular demand by PIs.

[charlieeee] 05/5/2020 17:23

Much more useful than engaging with pond life, is to look at other companies and keep under review the respective market caps.

Interesting to see the movement in the Condor share price with the addition of the high grade pit.

Overall, CRN is a really good benchmark for HUM, since they have similar high grade open pit deposits (around 3 g/t reserves, just shy of 700,000 oz) and both with potential to convert extensive resources to reserves (HUM has used some of the original reserves and replaced these over the period of operation).

The current respective market caps (and HUM now being close to zero net debt) assume that the cost of building a mine will be less than the $60 million difference in those market caps. That, of course, does not take into account the time lapse before CNR becomes a producer at 120,000 oz. p a.(if it does not go the usually disastrous toll route).

Whilst CNR is a decent project, it is difficult to see that it is a better buy than HUM at the moment and it certainly must have the higher risk, as it is yet to be financed, by whatever method and likely to be a further 2 years to full production.

[dickbush] 05/5/2020 17:16

UK George

What I'm asking is, has the company included the full cost of the hedge, half the cost of the hedge or none of the cost of the hedge in the 1st qtr AISC? It was $875/oz up from $839/oz in the 4th qtr 2019, reversing a trend of decline qtr/qtr over 2019, and there is no comment on why. We won't know for sure until we get the first half results which, on last year's schedule, are not due until the beginning of August.

That's an extra AISC versus the 4h qtr of over $1 mil. I hope that was the total cost of the hedge.

First time they've hedged and it couldn't have been much worse timed.

[seagreen] 05/5/2020 16:51

Charlieeee
Well said and if you politely suggest that to Border Terrier on the other thread he will draw you into a long boring heavily disguised Troll post in his efforts to keep his thread as the main one.....His raison d'etre is to keep the poison dripping yet claims to have quite a few shares whilst popping away...I knew I had a break from ADVFN for a while for a reason....best not to engage he steadfastdly wont say why he holds the share and has a low oppinion of poor old Dan and daily slates him...it does not make sense and I think he is a fraud or nuts or both. Simply does not compute.

People think its good to have other oppinions but his is a campaign of hatred and to slate HUM ..with no positive comment about the turn around what so ever.....end of.

[borderterrier1] 05/5/2020 16:00

New_Buyer Just like I have explained in the past and why. No point in repeating myself to all the ostriches on here and no point in arguing with idiots. They will always beat you with experience.