Hummingbird Resources Share Discussion Threads

[ukgeorge] 19/6/2020 13:28

Gold having a nice little rise, and with it so does the profitability of this company. The company should make around $18M this quarter imo using 30koz and FCF of 600 an oz.

Debt should be down to $28M and cash should be around $36M. Surely the market will start to take note.

Ideal situation imo now is a few more quarters of building the cash pile by $10M ish (after debt payment) each quarter. Then by the time the go ahead is given on the new project the company should have decent cash pile.

If gold drops to $1650 for q3,q4, and cost remain stable at year end cash should be $55M and debt $14M.

Roll on Q2 showing the cash build. The cost of the long lead items for the new mine might need knocking off the cash pile.

[new_buyer] 19/6/2020 13:25

According to BT everyone but me believes he is right, I suspect that is not the case!!

[sandeels] 19/6/2020 09:44

bt 18/6: 'Trouble is, I'm a stupid, moronic individual that knows absolutely nothing about trading stocks'
Nailed it bt

[replicas1967] 19/6/2020 04:43

Jeez BT - what a good for nothing Whinger 🎣

[borderterrier1] 19/6/2020 03:42

Yep. Even longer. Thankfully I don't need this.

[new_buyer] 18/6/2020 22:08

Feels like a lifetime

[new_buyer] 18/6/2020 20:56

Which of my predictions?

Have you been on here 4 years?

[borderterrier1] 18/6/2020 17:12

new_buyer Yes of course. I post on here just to stir things up. Strange that my predictions on here over the last four years have been right but yours have been spectacularly wrong, isn't it?

[new_buyer] 18/6/2020 17:05

Plasbryn you can't trust anything Borderterrier says sadly, he said he would leave the board before for a month and lasted about 3 days if my memory serves me right, goes to show the character of the person.

[borderterrier1] 18/6/2020 16:50

Plasybryn Yes, of course you are correct, like you always are. Please forgive me for even attempting to argue with you, your obvious superiority on here is apparent. Trouble is, I'm a stupid, moronic individual that knows absolutely nothing about trading stocks so sold some of my 400,000 shares at a loss and then the light came on. Oh dear! What am I to do? Please listen carefully this time:- nobody wanted them. Perhaps this will come good, I hope it does and the money from the sale of 225,000shares has already made a lot more than it did by being here. Why? Because I invested it in Kodiak mining which BTW is up again today. I hope that's OK?

[plasybryn] 18/6/2020 16:04

9025: Plasybryn You're not listening.
But I recall these posts:
Borderterrier1 13th June 2020 - 8965 In my case, I'm out now……..
I think for me, the final straw came when during my conversation today with Tom Hill the financial director when he told me I should have sold my shares if I wasn't happy with the progress.

Borderterrier1 8971. Plasybryn I did sell some. I will sell the rest asap.

So how am I not listening? First you said you were out, then a little later you said you sold some and would sell the rest asap. It is now the 18th June? Why haven't you done what you said? Perhaps realising your finally few shares might just be worth holding onto tightly I expect.

[borderterrier1] 18/6/2020 15:06

UKGeorge. I agree. Long service medals. But with luck we may still see this come right. DB's ears must be pinging a bit by now. We should rename Golden Bull and unleash him :-

Golden Bullterrier.

[qs99] 18/6/2020 14:49

No, IMO gold is driven by dollar strength and given $3trn just printed not sure that is a "given", inflation or deflation is likely IMO and either one should benefit gold...I'm biased but not sure what Biden/Trump can do either way that would detract from gold at mo....DYOR

[qs99] 18/6/2020 14:47

haha that's priceless nice on UKG

[ukgeorge] 18/6/2020 14:36

I was thinking the other day that rather than minting coins, they should produce medals for long suffering share holders.

[borderterrier1] 18/6/2020 14:28

UKGeorge. I sincerely hope you are right. It's about time the long time shareholders saw some return here.

[ukgeorge] 18/6/2020 14:17

300k @28p someone is confident.

Roll on Q2 showing cash in the bank and debt falling.

[borderterrier1] 18/6/2020 13:54

Plasybryn You're not listening. I had 400,000 and sold some. Nobody wants the rest or they didn't a few days ago. It's difficult to sell them when you read on the HUMRF discussion pages here:- "Badly run junior miner, avoid at all cost" So, unfortunately for you, I will still respond on here as I think fit. And besides, if Dan Betts said what GB says he did, don't you think he deserves an answer? Perhaps YOU could advise GB?

[new_buyer] 18/6/2020 13:48

The way Trump has been you wouldn't bet against but would Biden mean the risk to the markets would reduce and therefore maybe lead to a drop in the gold price? IS this what is known as between a rock and a hard place for the US?

[plasybryn] 18/6/2020 13:46

Didn't you say you had sold up and would go away only to return for a look in in one years time. Did you only manage 24 hours?

[borderterrier1] 18/6/2020 13:45

And over on the LSE bb poor old Golden Bull sends a letter to the bod with a question. While you are waiting, perhaps I can answer it for you? The answer is:- He was pulling the wool over your eyes. Playing you like a fiddle. Dangling another carrot. Dazzling you with B/S. Pick one.

[borderterrier1] 18/6/2020 12:56

new_buyer Of course.....just like you did with this. You are a good teacher. You only need to look at this fabulous share price Ho Hummmmm. Only another 5 years to get to 30p?