Hummingbird Resources Share Discussion Threads

[dan_the_epic] 16/5/2020 13:42

You bet. berenberg forecast $24M net cash at year end 2020 and over $60M at year end 2021 on less than spot gold.The market cap is $120m. Do the maths. Cheap as chips.

[dudishes] 16/5/2020 13:25

If so, debts wiped, and money in the coffers?

[dan_the_epic] 16/5/2020 09:21

berenberg current forecast is 90m USD of EBITDA this year.....

[dan_the_epic] 16/5/2020 09:04

Weekend watching this again is worth your time



Key factor is when people realise theres more than enough resources to get the mine life here to 2030+ when the exploration pulls through. JORC resources at Guirin West, Sanioumale West and East, SAMREC resources at Gonka, Kabaya South and unclassified Goldfields identified resources at Kama, Soloba, Gonka-ke, let alone any areas outside of this or success at Cora.

[cinoib] 15/5/2020 21:32

From what I see is that this company has gone through a similar spell as AAZ went through and is now settling down and heading in the right direction and we all know where AAZ got to so if this pulls the same rabbit out the bag, then £1 is on the cards over the next 12 months, unless management drop a ballock in the meantime.

[dan_the_epic] 15/5/2020 17:46

I hope you won't disappear next week when 30p does.

[techandy] 15/5/2020 17:20

You lot crack me up. You have been hanging on about 30p, £1 party for 3 years. Never gonna happen!

[dan_the_epic] 15/5/2020 16:14

Breakout next week I think rather than today.

Fair value here is really 50p I think, given what we know today and what is only potential.

[temujiin] 15/5/2020 15:52

I'll be happy with low 30's next month George, and prefer a steady climb, but wont be upset at high 30's, tho cant see that yet, unless POG really blows.

[ukgeorge] 15/5/2020 15:49

:) High 30's this time next month, when it blows it is going to be like a rocket

[temujiin] 15/5/2020 15:45

Back up to 28 on the bid. share price will creep its way into the 30's in its own good time. HUM chucking off way to much profit for.it not to, but weaker holder will sell and bank some profits along the way as is normal, so I'm not expecting huge sudden moves, and if there were, I'd expect a pull back soon after.

[ukgeorge] 15/5/2020 15:40

Based on the chart, when the breakout is confirmed I think we get a sharp rise to 37p. Hummingbird should mint some medals for long suffering shareholders.

Must be a very disgruntled major shareholder selling. Maybe it was because of greedy Dans 1p options. Come on Hummingbird have as strong close.

[temujiin] 15/5/2020 15:12

Nice one George. Undervalued profitable gold companies are the place to be imo. Less keen on exploration and shovel ready gold companies, too much danger of dilution and progression slippage.

[ukgeorge] 15/5/2020 14:05

Temujiin, I just added 6447 @28.244p

Roll on 50p.

[dickbush] 15/5/2020 13:49

Gold has spiked to $1744.80. I'm a bit surprised given the good performance this week that, just ahead of the weekend, it hasn't been subject to profit-taking. But I'll take it!

[techandy] 15/5/2020 12:25

Some decent trades going through but share price isn't moving. Must be a largish sell being worked through.

[temujiin] 15/5/2020 12:06

I may do UKG, as I do like HUMs prospects and very profitable operation, but no more purchases today from me.

[ukgeorge] 15/5/2020 10:55

Temujiin, can you buy some more please

[temujiin] 15/5/2020 09:11

Ha Ha, well they finally scrambled around for 15,000 shares, which did push the offer up to 29p, and I can now sell at 28.15p. Lol

[dan_the_epic] 15/5/2020 09:10

It certainly does appear like it wants to break the recent highs today. And with good reason.

[temujiin] 15/5/2020 08:46

Can sell 100,000 at 27.2 but can't buy 1000. Will see if I can push the offer up with a fill or kill at 28p

Edit, well the bid moved a bit, but H-L still hasn't filled my 15,000 order despite being at offer. Certainly short of stock today at least.

[ukgeorge] 15/5/2020 08:41

I guess the market just needs reassurance so all the company can do is continue to hit production targets and keep costs in check. The next quarterly results should show the company being net cash positive. It is very frustrating but, fingers crossed when the penny drops the re rate will be spectacular. We may even get to 30p.

[dan_the_epic] 15/5/2020 08:38

Gold breaks out and suddenly there's no hum stock around this morning. Centamin and a lot of the US producers had a solid day yesterday [eg Barrick, Kirkland Lake]. Australian stocks were all up at least 3% as well. Monetary policy at the moment is absurd and this will drive a big bull market in gold

[avsome1968] 15/5/2020 08:08

Hums unloved by the market at the moment, if share price still languishes around this region next 6 months I will be selling up and moving on.

[casual47] 14/5/2020 22:13

This is like a drug addiction....It's like it's never enough. We should be sitting pretty at $1700/oz.

Within 6-12 months HUM will have delivered just on fundamentals alone with plenty of cash in the bank, and then even at $1400/oz 70-100% better should be doable.