Hummingbird Resources Share Discussion Threads

[laurence llewelyn binliner] 15/9/2020 13:37

#Temujiin, if we assume SC are clearing then 6.9% to go worst case but they could hold at any level on the way down to hit their target holding, we have no idea as to their fund managers strategy, but we do know HUM is not the only goldie they are selling currently..

All sells absorbed and a steady SP, once they have hit their target holding pressure on the share price from buyers could accelerate things very quickly, and we know the list of milestone catalysts to add to the fire.. :o)

[temujiin] 15/9/2020 12:51

That's another 0.25% sold off by SC, and absorbed by the market without any fuss. SC down to 6.9% now.

[ukgeorge] 14/9/2020 20:59

114k buy at 40p bodes well for tomorrow.

[cinoib] 14/9/2020 18:42

ukgeorge, why is there always some pillock about with no brains.

[ukgeorge] 14/9/2020 15:21

Cinoib, u should right a bookiwooki would be a g8 weed.

[cinoib] 14/9/2020 14:36

LLB correct which is why I have 1/3 of my gold fund here and not AAZ. When they have had 12 months with con they will all being crying in their soup like I was many moons ago, another reason I dumped AAZ. As they say this that and the other and deliver sweet f.a., as they say, "A leopard never changes his spots." PAF is also worth having is up 150% in 6 months, now that is what I call capital gain, yes I sold out near the top and got back a lot cheaper with plenty room for more this year and gold has just spiked up, won't hurt one little bit.
When you have been in a stock too long like some on AAZ, you get complacent and can't see what is coming and in the end you loose the chance to get out. Yes guilty of that myself a longtime ago, but I learned from it, I just hope some see the light before it's too late.

[temujiin] 13/9/2020 18:04

Military initially wanted to stay in power for 3 years before elections so 18 months is a compromise, tho not acceptable to the opposition parties atm.

Suspect they'll be some weeks of huffing and puffing but not a lot else.

[casual47] 13/9/2020 12:02

In one sense that's reassuring - my suspicion was that the army and opposition parties were in cahoots. Fingers crossed that a civilian technocrat will end up leading the interim government and that interim really means interim.

[temujiin] 12/9/2020 10:27

LLB, UKG,
I think they are all important and all have an effect though not always immediately.

The most important one, and I agree with UKG, is being close to or hitting gold production forecast. Though a solid excuse like Covid AND Coup are pretty good excuses if they miss a by a bit.

My experience with another goldie which has a similar story to HUM was good news came and went, targets were met, expectation met, all with little share price movement. People occasionally suggested there 'must be' something wrong that we don't know about keeping the share price subdued. Then bang, it doubles, then doubles again.

SC's subtle selling is keeping this down, but it's being absorbed nicely by the market. I don't expect a significant re-rate until they have stopped, which may be now, or maybe next year.

[ukgeorge] 12/9/2020 08:59

Produce 28+koz a quarter is more important than all of your targets imo. And then extend the LOM.

[laurence llewelyn binliner] 12/9/2020 08:35

Milestones as I see them that will continue to support the rerating of the share price, and in the order that they are likely to happen.., feel free to add/edit if I've missed anything off.. :o)

(1) hitting our FY-2020 110-125K/Oz guidance (continued operations here at this level is assumed but listed here for clarity)
(2) net cash positive
(3) progress from drilling results and LOM extensions at Yanfolila
(4) debt free
(5) progress and drilling results at Sanankoro JV / CORA (we own 12%)
(6) progress at Bunker Hill raising their share price (we own 5.8%) so far
(7) further loan conversions at Bunker Hill and raising our equity stake in them
(8) maiden dividend
(9) progress at the Kouroussa project
(10) progress at Dugbe / ARX / VEIN
(11) SC finish selling down, clearing or declaring at 3%


I am struggling to see how we will not be a 100p share in a year or 2 with POG very unlikely to soften much..

#Goodgrief, interesting to read that Sprott and another co took payment for the final placing at BH in cash and warrants for their services..

[temujiin] 12/9/2020 08:00

LLB, I wasn't invested when HUM became involved with BH but gather the issue was timing when cash was tight, which is fair enough. But from what I've read it seems potentially a very good opportunity that could be a significant money spinner in a safe jurisdiction if the historial environmental issue are addressed.

I would be happy to see us invest a few million more if that hurdle looks/is solvable.

Goodgrief, if Sprott are involved you know some decent due diligence has been carried out.

[goodgrief] 11/9/2020 23:20

I see Sprott Capital were involved in some of the recent placements...

[laurence llewelyn binliner] 11/9/2020 23:01

#Temujiin, on Bunker Hill, our investment there often berated by some shareholders as throwing good money after bad, but that is now showing its true colour... :o)

USD2.1M covertible loan, some of the debt and interest at 10% has been converted, and we currently we hold 5.46% of their company (so far)..

Silver is not USD14/Oz any more is is 28/Oz and another value adding position as our stake in them grows bigger through the conversions and their share price builds..

[temujiin] 11/9/2020 22:21

Last post of the evening from me and lifted off LSE again. Credits to Cheerfuldoor this time.

Bunker Hill Mining Confirms Numerous High-grade Silver Exploration Targets Following Digitisation Of Historic Data

HIGHLIGHTS

A first digitized 3D model of Bunker Hill’s geology has successfully been created with the goal of leveraging the historical mine data to identify and prioritize high grade silver targets

Data has been inputted from over 180,000 meters of drilling from 3,500 historic drill-holes and hundreds of detailed historic mine geology maps

Historical drill results demonstrate significant high-grade silver intercepts including 1.5m at 2,778 g/t Ag, 1.5m at 1,145 g/t Ag, and 1.5m at 950 g/t Ag
The digitization process has confirmed numerous high-grade silver targets

A first high grade silver focused exploration campaign is set to commence in the coming days

hxxps://bunkerhillmining.com/news/bunker-hill-mining-confirms-numerous-high-grade-silver-exploration-targets-following-digitisation-of-historic-data/

[temujiin] 11/9/2020 21:43

SC have sold off 2.5% of company shares and now down to 7.15% from 9.68%....great. Considering their top slicing of 9m shares and the military coup, the share price is holding up well. The coup is neither here or there for HUM but SC selling will keep a lid on the share price until they stop. I've taken 265,000 off them and v.happy about it.

[temujiin] 11/9/2020 21:31

he’s been talking to himself for months now and anyone looking for info on the company is just as likely to see his conspiratorial posts
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New_Buyer, he feeds off other posters so best ignored and if any investor are put off by any of BT's daily diatribe, then they probably aren't worth worrying about.

This is a far better thread that can add value to potential and existing investor as per Chipperfrd's (thanks) list of just how good some of the grades are at Kouroussa. Have to confess I didn't realise they were that high in places.

Kouroussa is clearly very under appreciated by the market, but once the infill drilling results comes in and mine starts getting built, it's v.likely to be seen as the huge asset that it is.

[temujiin] 11/9/2020 21:10

I keep banging the drum about the impact of these key milestones, (1) net cash positive, (2) debt free, and (3) a maiden dividend, these 3 events will start the re-rating proper not just a penny here and there..
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Hi LLB, sorry been out all day. I agree there is going to be a re-rating but don't think being 1. net cash positive or 2. debt free will be the catalysts. I agree 3. maiden dividend could/should give the share price a kick north, but I think the general feel investors have about the company as it goes to cash rich, longer LOM and excitement about drill results and Kouroussa developments and Dugbe progress, will trigger (for absolutely one reason) a sustained re-rate to the 60's to 70's. Kouroussa coming on line and Dugbe BFS will take it towards 80' to 90's.

All the above is assuming POG stays above $1650, which is looking highly likely.

[laurence llewelyn binliner] 11/9/2020 17:56

#Lasata, interesting that isn't it, so SC could be either rebalancing funds / taking profits off the table as the share price goes up, or have a new fund manger who is risk adjusting holdings across their gold sector portfolio, but the most significant part is that it is not HUM specific..

Onward and upward, 40p paid this afternoon and 50 pence next target as the milestones get ticked off .. :o)

[chipperfrd] 11/9/2020 17:03

Lasata,

Thank you.

Sorry about the spacing. I should have created a whole new table rather than copying from Excel. It's always a problem.

I waded through all the drill holes from Shanta's West Kenya project and wanted to compare with Kouroussa as I own both stocks. I should probably do a piece on my comparison thread about them both when I have the time.

All the best
Chip

[lasata] 11/9/2020 16:28

Sustainable Capital have lowered their shareholdings at Shanta too....perhaps just to balance it as share price rises