Hummingbird Resources Share Discussion Threads

[wilco1000] 02/2/2017 14:38

Excellent news

[westmoreland lad] 02/2/2017 12:51

RNS today -- new video. All on track for 1st pour this year !!

''Hummingbird Resources (AIM: HUM), is pleased to announce that it has published a video of recent activity on the ground at its Yanfolila Gold Project ("Yanfolila") in Mali. The video can be viewed on the Hummingbird website via the following link:
Having fully financed Yanfolila in 2016, the Company remains on track to deliver its first gold pour by the end of 2017, targeting 132,000oz in the first year, which will create one of the highest margin gold projects in Africa''

[bhafc5] 02/2/2017 10:02

At 8.58am purchased 40k . Shown in grey ! Why ?

[substp] 02/2/2017 07:56

"In 2009 Gold Fields, through a wholly owned subsidiary, reached agreement with Glencar on the terms of a recommended cash offer for the entire issued share capital of Glencar. At the time, Glencar's principal asset was the Komana project which now forms part of the Yanfolila Project. Gold Fields has an 85% interest in the Komana project with a Malian partner holding a 5% interest, assuming the Government of Mali takes up its free carried interest of 10%. The Government of Mali also has the right to purchase a further 10% interest. The Company will acquire Gold Fields' 85% interest in the Komana project pursuant to the transaction."

[4seeaproblem] 02/2/2017 07:27

I believe the shares are non dilutable and was always a exercisable option for the Mali Government.

[spooky] 02/2/2017 07:21

That's a bit of a shock to me, obviously I my research wasn't thorough enough. So they only own 80% of the project. I do not currently own.

[vatnabrekk] 01/2/2017 16:26

Somebody just bought £92k worth of shares in HUM today.

[westmoreland lad] 31/1/2017 15:48

Yes, thanks Riley. Excellent summary.

Had to change the hxxps to https. Cheers.

[bookwormrobert] 31/1/2017 15:29

Thanks for the link to excellent article!

[rileyma] 30/1/2017 20:24

hxxps://www.miningreview.com/magazine_articles/hummingbird-resources-building-one-west-africas-next-best-goldmines/

[charles clore] 17/1/2017 13:06

If you know the answer why ask me? Progress made to date is impressive. 120k oz p.a. rate of production by 2018 and mine construction finance is in place now. What can possibly go wrong?

[charlieeee] 17/1/2017 12:36

Well, you do not seem to have learned any lessons from Ariana.

Sometimes the clues are quite subtle, but why do you think that HUM voluntarily gave better terms to trigger the 16m shares recently and why was the ultimate finance deal not nailed down at the time?

£1 is ridiculous in the timescales suggested by you or the previous poster, unless gold goes parabolic, in which case you might find that the 22p crew present less of a TA wall to climb.

[charles clore] 17/1/2017 11:36

£1 a share may seem ridiculous at this point in time but when the company is producing 120k oz/y with an AISC of $600 and gold is upwards of $1500/oz then £1 will seem very cheap. The company is fully funded to production and that is just one year from now.

[charlieeee] 17/1/2017 10:47

Whilst this might be a decent project for a junior miner to go into production, it was sold by the "big boys" because it is of insufficient size to interest them.

All the indications are that this will stay a stand alone project and if it gets into production successfully, be the cornerstone of an expanding company, growing steadily out of internally generated funds.

At £1 a share, this would have a market cap knocking on £350m. You need to have a look around and see what else could be bought for that money, in production and with a good pipeline of projects.

The other issue to consider, of course, is profit taking: the share register will be full of investors who bought at recent lows, plus the 22p shares of the placing and the 16m shares yet to be paid for as per recent RNS. Whilst you may scorn TA, it will factor that in better than any fundamentals approach.

[janekane] 17/1/2017 04:57

I always think charts are unpredictable but you Chartists believe they can be read and interpreted
Good luck to you I believe the fundamentals and company moving forward are all I need to think this is a very good investement
Prospects that this has a massive gold reserve will take this higher
I also believe the big boys in the area will take this over and if they don't act within the next 2/3 months then a £1 price will be the value that they will have to pay
Good morning

[charles clore] 16/1/2017 23:05

A 20/50dma golden cross is always a good sign.


free stock charts from uk.advfn.com

[richgit] 15/1/2017 17:45

IS THE GLD BEING LOOTED-AND CAN THEY PUT THE GOLD BACK ?


In simple terms,

To keep a Gold price suppression going for so long,it means all Physical paid for
Gold demand HAS TO BE MET to hold the price down.

That means all excess demand beyond ,which actually comes to Market,has to come
from Western Central Banks (Fort knox ?).
Specifically leased Gold that should in reality be accounted as "SOLD" gold (gone forever.

When that looting is exhausted it really only leaves the Gold in ETF`s that could be looted (or borrowed from )and question of which ETF`s are fully openly auditable so Investors can know the truth of the Gold holdings.

It should be conern to some that apparently nobody has Authority to audit the GLD,
and that.the Custodian-HSBC-that has been accused of evey fraud on the Planet along
with laundering Mexican Drug Cartel Money,is about as trusted as the word of
Tony Blair.


So when the GLD figures confirmed its reserves fell some 50% (that could be 90%)

Mr James Turk confirms that some Hedge fund Managers told him,that they requested
to convert GLD shares for Physical Gold delivery and were "refused permission"


That suggests that predominantly those being allowed to loot the GLD are the
Gangster Bullion Banks !!!and it has been continuing.

The main observation being, Bullion Banks shouldn`t need to loot or borrow GLD
Gold reserves when the Crime syndicate tell all "There is no Physical Gold demand " !!!

Ho-Ho-Ho !!!

The GLD is virtually a scam Casino like the Comex where most are just using it
to bet on the price of Gold and the scammers running it totally relying on the fact
they hope few will ever ask to convert to Physical delivery,which means their reliance on being able to extract the Fractional reserve down to near 0.



In conclusion,that theory looks like seriously backfiring with some ferociousness unless they are simply prepared for the Armageddon of these scams going into default and some whilsteblower telling all that the GLD is becoming "Goldless!


Seems to me the fight to fill all these black holes could be can kicked until
every Physical buyer arrives on coaches all demanding at the same time-when Gold
production is declining,along with more and more Fund Managers requesting
to convert their GLD shares for Physical.

Surely they cannot tell them all...... NO !! without Alarm bells going off.




I look forward to those coaches arriving,and the gutter brawl as the fight
to obtain Gold to fill the Black Holes has China refereeing as they gain
control of the "Physical Gold Market"


They may tell the American coach loads of buyers- " You are at the back of the queue"



All good fun and possibility in this imaginary financial World






.

[bhafc5] 13/1/2017 12:13

33009 trade was my purchase not sale !

[charles clore] 12/1/2017 12:25

50p now would put a smile on my face - as long as I didn't have to know what the price could have been in 2-3 years time, lol.

[bookwormrobert] 12/1/2017 11:13

You'd need to do the maths carefully on the full cost of production, but 50p sounds very cheap!

[wassapper] 12/1/2017 10:05

$100 per ounce in the ground?