Hummingbird Resources Share Discussion Threads

[someuwin] 22/7/2020 13:09

Looking good value here.

[glennborthwick] 22/7/2020 12:45

Gold pretty relentless. 90 dollar rise this month alone.

[dickbush] 22/7/2020 11:42

Resolute Mining reported today and did a major presentation. It also has three mines in West Africa, although it looks as though only two were producing in the 2nd qtr. The Mali mine represented about 60% of the 2nd qtr output, something HUM could be doing in the not too distant future, given its recently stated emphasis on Kouroussa's development. DYOR, but its valuation looks to be several multiples of HUM's.

[ukgeorge] 22/7/2020 11:34

Techandy, you are going to be mighty upset when this rises like fres has just done :)

[new_buyer] 22/7/2020 11:28

Ticking up nicely techandy, stick to melting roads in Hulme!!

[techandy] 22/7/2020 11:25

Exactly....gonna take months to get through that lot.

[mustbefunny] 22/7/2020 11:21

Only 34 million to go but not enough buying pressure

[cinoib] 22/7/2020 11:08

35p on the bid then back down again with that 110k sell, yet 4-1 on the buy side.

[qs99] 22/7/2020 10:46

36p on the offer lovely job

[ukgeorge] 22/7/2020 09:56

Yes fingers crossed it is the start of the next leg up, imo 39/40p looks like the next logical area of resistance. Also these still have some serious catching up to do. Out of my precious metals shares these are still by some way the worst performing. So although these are at new highs there is still a lot of room to go higher. Free Cash Flow this year is on track to be over 15p per share and could be quite a bit higher than that.

Its a shame that investor interest is so low. Roll on Q2 results being okay/good and not having any black swans included.

[cinoib] 22/7/2020 09:18

well, got the 1p but on the wrong end, we need it on the bid as well. Gold briefly through the 1860 mark, all bodes well for a little nudge higher.

[imnotspartacus] 22/7/2020 09:09

36p...breakout!

[cinoib] 21/7/2020 22:31

Nice close on gold tonight, could get at least another 1p tomorrow.

[aim999] 21/7/2020 18:33

Maybe some could clarify with them... I'm done writing to them

[aim999] 21/7/2020 18:31

I'll be very upset if DB is lending them our hard earned......he would be better buying back our undervalued shares.

[ukgeorge] 21/7/2020 15:13

BH don't even own the deposit, it has to be one of the riskiest companies out there.........

[casual47] 21/7/2020 15:11

I have no idea how BH keeps getting unsecured loans. You'd think something so high risk and with such "interesting characters" behind it all should require triple lock security and huge amounts of warrants.

[ukgeorge] 21/7/2020 15:09

Fingers crossed that costs are under control, and the q2 results hold up to expectations. I'm hoping for debt $28M, cash $35M.

Hopefully there are no nasty surprises.

Bunker hill made this announcement last week "In addition, the Company has entered into a loan agreement with an arm’s length third party for an unsecured loan facility of US$1,200,000 (the “Loan”) due August 31, 2020. As consideration for the Loan, the Company has agreed to pay the Lender a one-time origination fee of US$120,000."



Hopefully that has nothing to do with HUM.

[glennborthwick] 21/7/2020 15:01

Gold heading for 1840. Hum board must be licking their lips.

[glennborthwick] 21/7/2020 13:05

This really should be 80p plus if they can make 15p earnings a year at the current gold price.

[ukgeorge] 21/7/2020 12:31

come on Hum get your skates on! Time to do some catching up on the other gold plays

[dickbush] 21/7/2020 11:52

Through $1,825. Shares should be knocking on the door of 40p.

[casual47] 21/7/2020 10:59

(Mind you, if they had waited until they had proved up a LOM of 7 years then they probably would never have started or if they did the shares would have been heavily diluted. So, kudos to Dan for convincing the lenders to get on board at an earlier stage than they normally would have done)

[casual47] 21/7/2020 10:50

Potential is a lot higher, if things had been done properly (LOM, Beacon Hill etc etc) this could easily have been north of 75p by now.