Hummingbird Resources Share Discussion Threads

[seagreen] 10/9/2020 19:41

Pay attention ohhrogerpalmer bt explained quite clearly about the lack of liquidity in the US OTC market to me which is why I now have sympathy and understand...

I can confirm he is right it is dead dodgy I remember now a few years back I was asked to find a broker with someone who had a holding it was dificult enough to find a market maker who would deal as a lot of it is matched bargains only from memory.

Quite a few UK companies have been conned into a quote if it was on TSX the share would be double although the little turbulance in Mali may have sorted that out.

I really can not understand why the house brokers do not sort some liquidity out.

Cheers for the kind words BT

[borderterrier1] 10/9/2020 16:30

oohrogerpalmer Did you notice the question mark? And obviously Mostyn on the LSE bb has been doing his homework? But I guess in your mind he is just another idiot....... that speaks the truth?

[new_buyer] 10/9/2020 15:04

wassapper serious question for you as the moderator on the other thread, the one you yourself now avoid (probably due to me and borderterrier).

Are you happy for an obvious deramper to post thousands of obviously negative and some conspiratorial posts on a message board for a company that you own shares in?

I'm all for freedom of speech but what is spouted over there is not freedom of speech. Feel free to block me from that thread.

[dickbush] 10/9/2020 15:00

Just reporting the facts. FWIW, I agree with you that, with thousands of professional soldiers on the ground this time around, the situation is completely different to back in 2012.

[borderterrier1] 10/9/2020 14:25

oohrogerpalmer Please keep up. I had 400,000. I sold some but here in the US NOBODY WANTED THE REST. The "hit 40p" period was so brief, the others didn't sell. So, I am still stuck with some until the share price lifts again. Shouldn't be long. This will re-rate to 60 p soon. Oh, silly me, that's what some investors were saying in 2017-18 wasn't it? You included?

[borderterrier1] 10/9/2020 11:29

new_buyer After five years, that's just another truthful FACT pea brain. Please go and play with your train set and leave this investing game to the big boys. Or perhaps better still, read Mostyns recent post on the LSE bb. These guys are extracting the urine.

[dickbush] 10/9/2020 11:16

Four Malian soldiers killed near Alatona, Central Mali, about 370 miles from Yanfolila.

[mozy123] 10/9/2020 09:41

added a first small batch

[ukgeorge] 10/9/2020 09:13

From a purely chart point of view, we have a very nice set up. Yesterday we broke out of the pennant formation on very good volume which also a good sign.

If it plays out we should now have a decent run possibly as much as a 15p rise towards 50p. This is using the rise from 25p-40p as the flagpole.

Okay obviously technical analysis is often wrong but the fundamentals also (fingers crossed) back this up.

Roll on Q3 results being back on track.

[borderterrier1] 09/9/2020 22:01

oohrogerpalmer Please stop spouting nonsense there's a good chap. This share price is still below where it was as a field 5 years ago.

[bishan bedi] 09/9/2020 15:00

Does anyone know who this tipsheet is? They must be well regarded to have encouraged that level of volume this morning...I might sign myself up!

[temujiin] 09/9/2020 14:53

Thanks for the breakdown LLB, much appreciated. I'm more cautious with my figures looking at approx

110k x1750 = $192.5m Revenue

but its easily possible using higher average POG and slightly higher production to get to your figure. Yanifola is tghe established bread and butter for HUM now, have to say my interest is now on Kouroussa developments. Cheers.

[laurence llewelyn binliner] 09/9/2020 14:24

#Temujiin.., based on those simple H1 ratio's, and assuming the next to zero corp tax position from losses carried forward, with remaining allowances rolled into 2021..

H1-2020 actual
USD 92M revenue
USD 28M gross profit
USD 24M net profit

H2-2020 - est
USD 115M revenue
USD 35M gross profit
USD 29M net profit

FY-2020 - est
USD 207M revenue
USD 63M gross profit
USD 53M net profit

USD1M a week profit..

The end of Q3 update and debt position will tell us exactly how close to the target zero we are, my forecast is just -11M, and then zero for year end .. :o)

[borderterrier1] 09/9/2020 13:55

seagreen Sorry to hear about your illness. Been there. Hope you get well soon. Good luck.

[ukgeorge] 09/9/2020 13:46

Yes great volume, fingers crossed for a strong finish this afternoon.

[qs99] 09/9/2020 13:41

10m+ volume, very decent

[temujiin] 09/9/2020 13:03

Zak Mir technical perspective from 4.30 mins. Credits to poster ShareTalk on LSE.

www.share-talk.com/share-talk-bulletin-board-heroes-wednesday-9th-september-2020/#gs.f3sywh

[temujiin] 09/9/2020 12:50

Thanks for the comment UKG. I appreciate my $85m gross was post AISC but pre G&A and tax.

LLB,

with your figures, humour me and say my 2020 post AISC $85m profit are ball park correct. Can you ballpark break down what you think G&A, tax and anything else might be deducted from the $85m?

EDIT, question open to UKG or anyone who has a good take on the numbers.

[laurence llewelyn binliner] 09/9/2020 11:37

#UKG, if we take some ratios from the H1 accounts that include every cost then we get 30% gross profit
25% net profit after taxes

Extrapolating with those simple metrics for 61,500 H2-2020 ounces then:

USD 115M revenue
USD 35M gross profit
USD 29M net profit

Remaining debt is 20M...

[ukgeorge] 09/9/2020 10:58

Temujin.

The AISC number is mine site. So ignores head office costs and various other costs.

So you are missing quite a lot.

The company level cost of production is far higher and a better metric to use.

Still way undervalued though.