Hummingbird Resources Share Discussion Threads

[wassapper] 25/6/2020 09:41

@techandy - stick to tech. Look at most gold stocks. Many are off their recent highs. The market clearly loves the high gold price, but is unsure if it is here for keeps. Once we see a break above $1,800 we should see gold stocks responding.

[rickyhatton] 25/6/2020 07:13

Relevant to HUM LOM

[casual47] 24/6/2020 18:50

The intention is clearly to raise money via a listed company. Wouldn't be surprised if most of that is already agreed to in principal with these latest moves just the technical steps to make it happen.

[roguetreader] 24/6/2020 18:26

Cheers DB sounds reasonable.

[temujiin] 24/6/2020 17:52

In my experience there is usually a good reason the share price is not reacting to how it should given the fundamentals. That reason has not come to the fore as yet, but it will......Techandy
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Disagree, AAU had lots of good news RNS's and the share price didn't move above 2p. Then it broke through resistances and is now 4p.

There was no ''reason'' as such, for the sluggish share price

[borderterrier1] 24/6/2020 17:40

techany No! Really? But isn't that called "short and distort" manipulation?

[techandy] 24/6/2020 17:15

In my experience there is usually a good reason the share price is not reacting to how it should given the fundamentals. That reason has not come to the fore as yet, but it will.

[dickbush] 24/6/2020 16:39

ARX will reverse into a shell, if all goes according to plan. It saves on the costs of an IPO. As always you need to know the cv's of the execs and major shareholders. I haven't checked the latter and I can't find anything on the former aside from the information on the VEIN website.

[roguetreader] 24/6/2020 15:16

Pasofino has a Market Cap of $C1.7M; they are going to 'acquire all of the issued and outstanding shares of ARX'. I'm no M&A expert, does anyone understand how this works?

Edit:
Out of date market cap on web site is currently $C32M;

[ukgeorge] 24/6/2020 14:38

Every 6 days this company should make 1% of the market cap.330oz a day $600/oz marginStaggering, load up.I should not buy any more but I'm so tempted.

[backmarker] 24/6/2020 13:46

maybe this time HUM can break seriously above 30p and move quickly to 40p.

[glennborthwick] 24/6/2020 12:34

Puts a value on dugbe though should it pan out which is great for hum

[ukgeorge] 24/6/2020 11:21

Positively IMO.

I think it is just the way you make money in the mining space. Get a listing in Canada. Find a shell company "Pasofino" Raise some money 120M shares at 5 cents Raising C$6M, pump up the share price (now 24 cents). Bring in an asset "Dugbe", do another rights issue hopefully at 20 cents or more. Raising enough to spend $15M ish on Dugbe. Hopefully the Canadian speculators like the story and push the share price higher. 49% of 4M oz that was worthless on our books is suddenly worth C$50M or so.

[dozey3] 24/6/2020 11:10

I wish I knew whether or not this is good news for HUM holders. Would rather see a bid for the Co rather than vultures circling seeing how much they can rip off.

[ukgeorge] 24/6/2020 10:20

Thanks DB very interesting.



Well they will be needing to do another capital raise they have C$6M in cash raised at 5 cents, share price is now 24 cents.

That's how you make money.

Interesting that there are no details on the takeover cost.

[dickbush] 24/6/2020 10:03

Apologies if you've seen this already

[charlieeee] 24/6/2020 07:49

We do have ii involvement, with over 40% held by the usual suspects: Odey, Jupiter Majedie, plus management.

It is difficult to see, now that the Kouroussa asset is in the pipeline, why this would not attract a lot of additional interest, particularly at the current POG.

[andrewsr] 23/6/2020 21:07

Midas looking for smaller gold producers with cash flow and low debt....and lo and behold, top of their list Hum & Caledonia..



About time some serious II's took notice..

[qs99] 23/6/2020 20:24

Futures pushing $1,800.....should be plenty of hay being made by HUM et al

[borderterrier1] 23/6/2020 20:23

new_buyer I know I'm a narcissistic idiot and you would rather read "the grown ups thread" but I hope you (and others ) took my advice on here on 20th April (post 8399) when I tipped DRD gold? That day it was $6.46 and today, three months later it is $14.97. Pretty good huh? I knew you'd be pleased.

[new_buyer] 23/6/2020 18:14

UKGeorge appreciate your response. Gold is looking good, HUM also looks good but something certainly needs to light the fuse.

[borderterrier1] 23/6/2020 16:28

UKGeorge Yes, I agree. Please read my post 4045 from two years ago on here.