Hummingbird Resources Share Discussion Threads

[temujiin] 06/6/2020 18:50

Can anyone fill in the hypothetical 2020 blanks if
Gold produced was Approx 118,000 oz at
AISC Approx of $1,060 and
Average POG of $1,660

1660-1060 x 118,000 = $70.8m gross


Are all these below outside of the AISC and what would they approx be in 2020?

Amortisation and depreciation - $?
Royalties and taxes - $?
Plant lease payments - $12m?
Administrative expenses - $12m?
Interest payments - $?

Any others? In other words what do we think the FCF will be for 2020?

[borderterrier1] 05/6/2020 22:32

aim999 I agree. I have been bitten with something similar to this once before. But unfortunately as I say there is no shortage of gullible PI's that are taken in with this all the time (I admit I was) and ex. broker Betts knows that. This is pure speculation on my part but IMO New_Buyer is related in some way, he appears to have taken over from the previous Pied Piper Frank "long and strong" Campbell (who seems to have vanished), and he promotes this co. at every turn.

Enough is enough. I e mailed Hummingbird today and some of the Bod to let them know that this behavior and share price performance is IMO abysmal, unacceptable to many PI's (and I suspect also large II's) and there is growing resentment that it continues after this length of time.

At the moment I am compiling all the information I have on this to file a report and I am in contact with other PI's who are doing the same. Don't worry NB my research will present only the truthful facts, not the lies that you repeatedly accuse me of. Any like minded long term shareholders out there who are interested in providing input please PM me. Thank you. Watch this space.

[aim999] 05/6/2020 20:59

I'm coming round to your way of thinking border .... this dog is the worst performing gold stock probably globally .... betts should go... treating shareholders like mugs with this deal - can you imagine the outrage if the CEO of Tesco was to sell some shops to himself.....never get away with it.

[borderterrier1] 05/6/2020 18:23

Plasybryn Too many crooks spoil the broth?

[avsome1968] 05/6/2020 16:57

USA job numbers will improve each month charlieee can see gold dropping back testing
$1600 short term then testing new highs back end of year, feel the market will also slide middle/end of this month, i certainly wont be hasty buying now, could see plenty of bargains if their is a sell of this month we shall see, still have a investment here so do not shoot me down we all have strategies, have a cracking weekend all the best AV//////

[sandeels] 05/6/2020 16:13

Topped up again, too good to miss.

[casual47] 05/6/2020 16:12

It's a fact only if you don't understand what you are reading.

[ukgeorge] 05/6/2020 15:54

The company stated AISC do not include head offices costs. So they do not conform with the WGC guidance. That is fact.

Casting doubt! also disdain, disgust, disapproval.

I just hope in a month or two they start a share buy back and that I can make a few quid an move onto a reputable company.

[casual47] 05/6/2020 15:38

You were casting doubt on management because you didn't understand how AISC is arrived at and how leasing gets accounted for. Then now you are blowing off because you don't understand what's involved in a DFS.

Maybe get the basics right before you shoot from the hip.

[ukgeorge] 05/6/2020 15:34

lol please, I've sold some and many other people have because we don't trust the management.

Trying to blame the fall on mkt sentiment is so laughable.

[charlieeee] 05/6/2020 15:34

Well, 25p and a market cap of under £90 million for a profitably producing, soon to be debt free gold miner, looks good value to me and so I am buying today. It is not always possible exactly get the bottom and once the fearful have left, we might get a bounce.

Obviously, the US jobs numbers look better than last month, but there are questions about the underlying numbers when those who have stopped looking for work are also included. Personally, I don't see the V: just too many old industries finished for now and too few new industries to take their place, particularly for the average Joe, (apart from delivery drivers, of course). Fine if you are a games designer, finding a vaccine or in green technology, but the forward thinking players will be looking at robotics and AI: a grime long term employment picture, I think.

[casual47] 05/6/2020 15:26

HUM is down about the same as HGM over the last week. If you think the pullback is because of company news, think again.

[techandy] 05/6/2020 15:08

Just instinct Kenny. As borderterrier comments often, this share is very predictable in its trading range with what appears any news, good or bad.

[techandy] 05/6/2020 14:54

Should have waited.....it will go much cheaper!

[charlieeee] 05/6/2020 14:48

Well said, allviewswelcome.

It was clearly stated that there were 3 components of the earn in, including the $10 million exploration, the DFS (and if they can get that for much under $10 million for a project of this size, I would be surprised, plus picking up all overheads and costs: it will not be that much short of $30 million and all on such a speculative basis.

The directors will probably end up with a couple of % out of the 49% and if that doubles, then so does HUM's 51% share and at no risk to HUM's shareholders.

Key board warriors are prepared to be both vicious and dishonest, but this does create an opportunity for those who have the funds to increase their holdings. That includes me, as I see this as an absolute gift, a company where current EBIDTA is close to the market cap. That is particularly true now that Dugbe is being spun out into a separately funded vehicle. It gives me great comfort to think that the funds for the next two years from the cash cow are not going to be sloshed into a money pit.

[wskill] 05/6/2020 14:03

Do not believe that anything underhand is the plan with with this joint venture and I am sure it would have to be as generous as it is to get Mr Dattles onboard in the first place.

We now have another source of news for the company now this is a definite improvement
the future for HUM is much better in my eyes.

[sandeels] 05/6/2020 13:00

Added this am at 25.9p.

[puzzler2] 05/6/2020 12:55

Agreed borderterrier1

[sandeels] 05/6/2020 12:54

Re Dugbe/ARX, Stephen Dattels (Founder ARX) is an interesting and very successful mining investor. On the face of it just the kind of person one would want to be associated with in order to realise value from Dugbe. From a wealthy Canadian family Dattels has a great track record in gold mining development and particularly in Africa. Somewhat o/t, this may be of interest to some:

[borderterrier1] 05/6/2020 12:50

kennyp52 I have explained as well as I can in my post above. My investment here is peanuts and a very small percentage of my portfolio. I doggedly hold because I can afford to. But I do feel sorry for the less fortunate that have been suckered into this. Once again, the public schoolboy at the helm has damaged his reputation, probably irreparably this time, hence the 12 p prediction. If you don't want to listen to me please read Puzzler2's post. Others will follow. And if you knew my financial circumstances I would suggest that most would consider you to be the moron, not me.

[kennyp52] 05/6/2020 12:40

Borderterrier ... you are proving yourself to be a moron . You predict 12p on a share worth 25p but will continue to hold ? Classes you as a moron or a liar .. it’s one or the other . Or is the real truth that you do believe in the company potential and will doggedly hold ? That you do believe there is a possibility this will realise 40p plus at some stage . Don’t post 12p and say you are going to hold 200,000 shares and expect to be taken seriously

[kennyp52] 05/6/2020 12:33

Techandy .. 25p ... great call . What do you base it on ? Anything in the RNS ?