Hummingbird Resources Share Discussion Threads

[wilco1000] 27/7/2020 05:53

HUM really has hit full production at the perfect time, couldn't have worked out any better. Other miners I hold have large portions of production coming online a couple of years down the track when potentially gold could have retraced, not an issue here and I believe HUM will re-rate rapidly as debts are paid off

[aim999] 27/7/2020 04:28

Intraday POG hit $1945..... and motoring. Any producer will be creaming it in this environment...... I think HUM is totally unhedged

[avsome1968] 26/7/2020 23:02

Totally agree with you BT uk changed dramatically over the past 20 years too many handouts been passed around that's why they flock here, and with 3 million jobs about to go next 6 months the economy wont be making enough to pay the benefits combined with c-19 and brexit looming doesn't bear well, i certainly fear for my children's future, pretty scary

[ukgeorge] 26/7/2020 21:22

Fingers crossed for another cracking week.

It was very positive that the move on Friday was on high volume.

It will be interesting to see how gold fairs as it approaches the previous all time high at $1,921.

Fingers crossed we get some nice news flow over the coming months, Q2's, drilling results, the Dugbe and Kouroussa projects roll on 50p+

[new_buyer] 26/7/2020 21:14

Will be very intersecting is a stupendous RNS drops tomorrow morning but have we seen the rise already based on the expected good news? Only time will tell.

[borderterrier1] 26/7/2020 16:36

I don't believe the comment "I still love to visit the UK" is quite the same as "slagging the country off" Over the last 20 years the UK has change a lot. How do I know? Because that's what my relations over there tell me. Watch the program "Benefits Britain" and some of the unfortunate information re. the healthcare over there. Hardly impressive, is it? I moved here because I believed at that time the options for me and my family here were far better than they were in the UK and IMO they still are. When I read the comments from some of the misinformed idiots on here, I was right.

[casual47] 26/7/2020 11:07

US can take on a lot more debt. When the next crash happens I expect the USD to remain the safe haven. Should either of these "truths" change then the repercussions on the rest of the world will be cataclysmic.

[andrewsr] 25/7/2020 20:54

Well put, but IMHO their tried and tested checks and balances on their finances have failed. Debt is now simply out of control.

[andrewsr] 25/7/2020 16:46

I don't think there will be a gold standard either, but the debt to reserves ratio puts a true value on the dollar - it's toilet paper along with the Euro and Pound.

The US is just ignoring their debt problem, so they'll probably lose their reserve currency status before they find a solution.

Add in inflation and you will have widespread sovereign defaults and maybe wars to secure real assets.

$2000/oz gold would be nice, but multiples of that would be problematic politically, but to suggest everything will be OK because the US is so wonderful is delusional.

[borderterrier1] 25/7/2020 15:06

Kennyp52 First of all, if you review my previous posts over the last four years re. "lack of confidence" in this company you will see that I have repeatedly said on here (as many others have) that I made a mistake to invest here in the first place. Hopefully now they have learned from their mistakes and this will come good at last. I still love to visit the UK but only a fool would try to convince anyone else that it is "still the greatest country in the World". Britain is no longer the Empire it one was. Re. medical bills. Please DYOR and you will find that after the age of 65 Medicare kicks in and medical bills here are FREE. Open mouth, insert foot time?

[casual47] 25/7/2020 14:55

Gold standard will never be reintroduced.

But if it will, do you think a country like Mali will not be tempted to nationalise their goldmines?

Do you not think there will be wars and invasions to secure gold assets?

Try to think things through.

[andrewsr] 25/7/2020 14:42

The US is a dynamic economy and have highly inventive/entrepreneurial people etc, but they, like most western democracies are probably least well-placed to deal with health or financial crises. Their democracies just won't accept financial pain or inconvenience. Western countries, especially the US, haven't solved their debt problems and have trouble closing down their economies whereas the likes of China and others will do whatever is necessary - tell their population to stay at home, not to have more than 1 child, raise taxes and probably take money from their bank accounts if they wanted or had to.
The debt problems from 2008 had not reduced before Covid, now they're a lot worse, and so we/they are even more vulnerable to the next financial or health crisis. Maybe a return to a dollar backed by gold is necessary, so the true value of the dollar = debt/gold reserves = $26,000,000,000,000/8000/2240/16 = $90,000/oz (8000t of gold reserves).

[casual47] 25/7/2020 10:23

All these scenarios will not neatly play out in a US-shaped vacuum. If these things do come to bear how will they affect markets and economies globally?

If there is any sort of global market sell-off then gold will suffer. If a global recession is triggered then potentially miners will suffer. Political fault-lines will exacerbate and states with already unstable governments will destabilise further.

I also don't believe that the US is somehow uniquely affected by the Covid crisis while other countries carry on as normal. The globalised world just doesn't work like that.

What I do believe is that the US is best placed to deal with any Covid shockwaves and to recover from them faster than any other country. That's why I still see the USD as remaining the go-to place for money during whatever crisis or series of crises we will be getting.

[laurence llewelyn binliner] 25/7/2020 09:22

#Retrend, I see you have expanded on my list, I fully agree with all those points on the case for POG, and believe there is plenty of room for it to punch though 2000 soon, will it rebound and pull back a little..?, very likely IMO as this usually happens on TA triggers around pivotal numbers, and there are not many more pivotal than this 1, but then it will keep going until any of your 8 points change or reverse..

The US elections come first but who ever wins will not stop their QE, no president will sit and watch their economy fail.., they have set themselves up for the current crisis by p*55 poor financial regulation and fiscal policy..

Reversing the Dodd Frank / Volker rules recently, and the Glass Seagull act in '99 was nuts, contributing to the 2008 crash and there is a price to pay for it.., a bit like shooting yourself in 1 foot, then shooting the other one to take the pain away from the 1st..

I watched an interview on RT last night which made my jaw drop if accurate, 70% of Americans work (or used to work) in the service sector, and 80% of the population do not have more than USD500 in savings.., add CV19/mass unemployment and the QE/helicopter money is not going to stop any time soon is it..

As for HUM, SC look to have stopped selling now at 10%, the Q2's out next week and another 30K/Oz production (4th in a row) plus net cash positive confirmed, a big dent in the trade payables, and we are perfectly positioned for the USD 30M EBITDA per quarter and the push onto 50p next.. :o)

[borderterrier1] 25/7/2020 00:09

Kennyp52 I held 400,000 shares av. 30p. I sold 225,000 and the re-allocation of the funds to other companies netted me a handsome profit. I still hold 175,000. So I didn't miss out at all. I will leave you to do the figures because you're such a fart smeller. But, if my memory serves me correctly, you also sold.....didn't you? Post 8958 12th June? And besides, this share price is STILL below where it was as a mud field 4 years ago so who knows what the future will bring? Certainly not you. And besides, I'm not an American yet.......but I have been here a long time and I will apply for Citizenship asap. Because, make no mistake, the once green and pleasant land that I grew up in the N of England has deteriorated rapidly and is not the same by any stretch of the imagination. Despite the current problems, the future looks far more rosy over here.

[referee1] 24/7/2020 23:10

Roll on next week's results for possibly even more gains. I bought at 39p many years ago and all through the bad patches (14p) and I'm currently sitting at 25p break even. I'm a happy camper now but it took grit not to offload at a whopping loss. I've spent probably 90% of my total time at a loss on this company and I fancy sitting on it for longer as even though I am over the moon with the current progress I prefer to wait another 1-2years to see where it goes from here. I'm happy for all the "longs" here that gritted it out. Cheers!

[borderterrier1] 24/7/2020 20:45

Moljen. Not offended me in the least. And I actually know more about this co. than many give me credit for. Good luck.