Hummingbird Resources Share Discussion Threads

[avsome1968] 14/5/2020 21:57

With market heading down again those that are selling may be deleveraging for the bad news to come in second quarter most gold companies were down but with gold surging they could have to buy in at a higher price, sit tight for 6-12 months if gold breaks $2000 we should be all 70-100% better of before years out.

[dan_the_epic] 14/5/2020 21:00

Nicked from the AAZ board

The Underlying Battle In The Gold Market
May 14

Alasdair Macleod: Gold has been trading in a narrowing range centred on $1700. The underlying battle was between some resolute speculators (hedge funds) and the bullion banks, who have been short all year. The daily chart below shows the classic month-old pennant formation that has resulted.

Gold Breaks Out – Set Tor Surge Another $250



Gold To Surge Toward $2,000
We all knew that when the break-out came, it would signal either speculators or the bullion banks would be crushed, and so did the parties involved. As it happens, it appears the speculators have won. Typically, breakouts from pennants are followed by a rapid move, mirroring the move in, telling us to expect a sharp rise in the gold price of up to $250.

Pennants are not infallible, but given the bullion banks were short before the coronavirus shutdowns in the US and Europe and all central banks’ subsequent promises to accelerate money-printing, the fundamentals appear to back a far higher gold price as well.

In the context of how markets generally are trying to adjust to the promise of monetary inflation, gold’s breakout should be regarded as a major indicator of adverse effects on currencies’ purchasing power in the coming months.

[dan_the_epic] 14/5/2020 15:50

Also agree LLB. Im expecting gold to reach $2k in q3. At which point I hope/expect this company is at least at 40p and ideally closer to 50.

[dickbush] 14/5/2020 15:17

Totally agree with you,casual, Dan, Deacon and LLB.

[laurence llewelyn binliner] 14/5/2020 15:14

Everything that can go wrong to drive the price of Gold up is unfolding now massive QE, Stimulus packages, Bond purchasing programmes, Helicopter cash direct to Joe public, FIAT dilution, all we have to do hold tight and wait for it to impact here, the company is progressing well and ticking off its milestones as the cash rolls in..

1st target is net cash positive in May or June, or about now... :o)

[dan_the_epic] 14/5/2020 14:58

Gold with a hugely significant breakout now. Surprised this is down today. Surprised Centamin Egypt is down today too.

Joe Public will be all over gold stocks as they start to head towards an all time high

[the deacon] 13/5/2020 14:45

Yup, gold equities have a lot of catching up to do

[dan_the_epic] 13/5/2020 14:19

Gold over 1720

Ive bought more HUM

[1jbrisky] 12/5/2020 23:43

Plasybryn
Golden prospect also hold pure gold mining, dual listed Canada & LSE (main). GPM's 9th largest holding & starts production late this year. Well worth a look as a stand alone holding in its own right. Plenty more room on the share price for improvement.

[casual47] 12/5/2020 18:03

The HUI gold bug index, last time gold was $1700/oz, was at 600. It's at 280 now...

[casual47] 12/5/2020 17:56

GDX is still only about 60% of where it was when gold was last at 1700$/oz

GDXJ (juniors) is at about a third.

If you think this is a bull market just you wait until we are truly in one - you ain't seen nothing yet.

[ukgeorge] 12/5/2020 11:23

I'm not sure what you are arguing with. Gold equities and the gold price is in a bull market. HUM hopefully will one day join.

[casual47] 12/5/2020 11:16

Barrick is only 20% higher from its 2016 peak when gold was 1366$/oz

[casual47] 12/5/2020 11:10

Centamin is now at about the same price it was for most of late 2016/2017/early 2018 when gold was around $1250-1300/oz.

[ukgeorge] 12/5/2020 11:00

Okay you are correct we are in a bear market, centamin isn't up 70% in a couple of months, barrick isn't up 120% in a year. Gold is not up 30% in a year and at records in most currencies. There has been no M&A, newmont didn't takeover goldcorp, barrick deal etc etc.

[casual47] 12/5/2020 10:54

The Barrick-Randgold deal was a poor deal for Randgold shareholders especially with hindsight now with gold at $1700/oz.

It also wasn't a sign of bullishness in the sector as its main reason for being was cost savings and enabling efficiencies. That and injecting a dose of Randgold's leadership success into Barrick.

[ukgeorge] 12/5/2020 10:45

Rand gold Barrick. I'm sure there are quite a few others as well.

Endavour, Semafo

[casual47] 12/5/2020 10:35

Which of those M&A was done above NAV (or even close to it)?

[ukgeorge] 12/5/2020 10:31

A bull market is traditionally a 20% gain from a low.

There have also been quite a few M&A deals over the last 12-18 months. Either way a bit of catching up by HUM is what we all want.

[casual47] 12/5/2020 10:07

A bull market is when everyone pays more than it is worth. We are nowhere near close to that.

[casual47] 12/5/2020 10:05

Bull market as defined by takeovers and mergers. There is little M&A action, especially across the categories e.g. takeovers by majors of juniors and by producers of explorers etc and what little activity there is is often still done at a discount to NAV.

If we do enter into a bull market then valuations will go CrrrrAzzzzY.

[ukgeorge] 12/5/2020 10:00

True on the premiums, I think only small or intermediate mining companies would be interested tbh. But can dream.

I would argue that we are in a bull mkt for gold plays, centamin, peter hambro, highland gold, polymetal, barrick to name just a few have been making multi year highs.

[casual47] 12/5/2020 09:46

Few takeovers have been at a premium or in cash.

Good luck with getting a multi-bagger if a giant takes over HUM in an all-share deal.

The truth is that we are not in a bull market for miners.

[ukgeorge] 12/5/2020 09:36

Come on Dan start a share buy back!!!!!

Roll on 28p being smashed and then the 40p, at today's gold price we should be making over 1p per share each month.

Failing that I hope one morning we wake up to someone making a bid for the company.