Hummingbird Resources Share Discussion Threads

[moljen] 24/7/2020 19:38

Loggy, hope it works out well for us both.
Same to you BT, you seem to have taken my post far more seriously than intended as it was meant to be no more than a gentle ribbing as payback for me having to read endless conspiracy posts over the years.

[temujiin] 24/7/2020 19:12

Thanks for the interesting and different opinions on HUM and Mali today, done in a generally friendly way too which is good to see.

HUM is ticking along nicely and doesn't even need POG at these levels to turn significant profits, though obv the higher the better.

Assuming POG stays way north of $1500 (which is highly probable imo) then I can see the share price meandering towards the £1+ level in the next two years on steady news flow and the doubling of gold produced.

I have to say the company/BOD played an absolute blinder picking up Kouroussa, a near term producer of 100k/year for 10% dilution. Timing could not have been better.

[roguetreader] 24/7/2020 18:58

Worthwhile and interesting posts on Mali politics, all relevant stuff, cheers :)

[thelogman] 24/7/2020 18:24

Hi molj, yeah it was you pal, many thanks not in as big as would like as not really looked properly. 2 small trades and out but in now with a little more as done more digging, yeah looks good thank you.

[moljen] 24/7/2020 18:19

Hi Loggy, hope it was me who gave you the heads up as this is one of my little old golden eggs that's actually delivering very nicely now and looks as though we're only half through this stage of the journey. Just wish I'd bought even more when in the teens. Hoping to reach 60-80p sooner rather than later now we've started moving North properly.

[thelogman] 24/7/2020 18:11

Hi Glenn Borthwick, well done. Have had 2 little trades recently to test the water. My 3rd trade is still open and have high hopes here after been given the heads up of a holder here.

[moljen] 24/7/2020 17:58

We don't seem to have seen BT for a while. Trust he's all okay and more at peace with the world now the market is beginning to reflect our producing mine and now funded exploration area. Long may it continue and now looking forward to seeing how we're going to monetise our respective share of the US mothballed mine, obviously as a US based person some local knowledge wouldn't go amiss. Guess BT is now choking on his morning cup of tea :-)
How many shares did you offload a few weeks ago BT? Trust your sense of humour is enough to admit it was rather unfortunate timing after all the years on here. Trust you held enough back to smile through gritted teeth

[backmarker] 24/7/2020 17:37

destination 39p achieved.

unless gold continues to rocket or we get some really great news I think HUM may now tread water for a while, possibly even falling back as far as 30p.

60p would seem to be the next target.

[toinifinity] 24/7/2020 16:48

Redtrend - now that's what I call an informed post on Mali. Kudos

[glennborthwick] 24/7/2020 16:44

Having bagged on my first lot. My 2nd lot here are up 47 percent. Which was nice.

[casual47] 24/7/2020 16:39

If I could be bothered I'd copy/paste the posts, but I couldn't

[redtrend] 24/7/2020 16:36

You recall wrong casual - quite some historical revisionism there.

You were extremely bearish on gold miners here on this board on 24 March (not Chaarat board of course, never pessimistic there - how's that Azeri-Armenian war brewing going to go for Chaarat in south sandwiched between Azerbaijan territory? I'm sure you've raised the impact of "war" there).

24 March was after the crash, you pretty much picked the bottom to be bearish. After that it was all blue sky. So well done you argued for a drop after the drop.

Indeed it really is like talking to a brick wall.

[casual47] 24/7/2020 16:25

If I recall I was one of the few arguing there would be a gold drop in a covid market sell off. It was like talking to a brick wall here at the time.

[casual47] 24/7/2020 16:22

RT - you must have missed the 30% drop. If you had sold your mining stock in February and bought back just weeks later you could have made a mint.

[cinoib] 24/7/2020 16:18

Have just added another 10k and went through as a sell and then moved the ask up.

[redtrend] 24/7/2020 16:17

The full context is casual was waxing lyrical about how catastrophic for gold miners corona was back in march.

fast-forward to today and miners are up 2x, 3x, 4x so had you used his Venn diagram, you would have screwed yourself.

Time to get the compass out and redraft that Venn diagram

[dickbush] 24/7/2020 16:13

...Burkina Faso and just about anywhere else in West Africa, but still the mining companies come. But, you're right. One of these days one of these marauding bands is going to hit one of the gold mines and the shares will sink even as the gold price rises. Anyone expecting a smooth ride to prosperity?

[rileyma] 24/7/2020 15:57

bt u must be thrilled
40p in striking distance

[dickbush] 24/7/2020 15:54

While you right about Mali, casual, this is not news. The only thing that is new-ish is that the people are protesting in numbers to get the President to quit. I believe the opposition and the President are due to hold talks soon, although it's anyone's guess how that will go.

Burkina Faso probably suffers even worse than Mali from insurgents, yet Endeavour's main producing mines are there and the valuation of Endeavour is several multiples of HUM's on any measure. Endeavour recently increased its exposure to Burkina Faso via the purchase of SEMAFO and went into Mali in 2017 with the purchase of Avnel.

West Africa is THE place in all the world for investment in gold mining currently. We can sell out tomorrow. That investment can't. I'm willing to tag along.

[casual47] 24/7/2020 15:40

*eye_roll*