Hummingbird Resources Share Discussion Threads

[borderterrier1] 17/9/2020 13:12

UKGeorge. Can you imagine where this share price would be if the gold price wasn't where it is today? Predictions with this have a nasty habit of failing. Good luck, but don't hold your breath.

Shortarm. Get real. If someone had told you that this is a good investment...... but the share price will be the same today as it was 5 years ago before mine completion, honestly, how many do you think would have invested here? From an investment point of view, this has to be the WORST performing junior miner out there.

[dickbush] 17/9/2020 08:52

The US Federal Reserve came out with its projections for the US economy and its policy going forward. It suggests keeping short term interest rates near zero for the next three years, and in order to continue to provide sufficient liquidity to the economy it will continue with its program of buying Treasuries and other bonds. Nothing new but it confirms the case for gold over the next two or three years.

Judging by the US equity market's dive in the last ninety minutes and the follow-on in futures today, it wasn't aggressive enough and suggested that the Fed is quite happy with its program in relation to recent economic developments. The Dollar is up 0.2%, taking gold down to $1,944 as I write.

FWIW, in the absence of a further stimulus program aimed at propping up consumer spending I think the Fed is being a bit optimistic about the US economy in the very short term. IMO the Republicans and the Democrats need to agree on a stimulus program pdq, but, no doubt, this is now all about politics. Democrats getting revenge for Obama's stimulus program post-2010 being vetoed by Republicans?

[borderterrier1] 16/9/2020 23:35

I still hold shares here but unfortunately, I don't believe this will ever do what many expect it to do. In five years this company has lurched from one crisis to the next suggesting mis-management of alarming proportions. The share price is still stagnant, despite all the hype to the contrary. That, in my book is pitiful and certainly not a good investment by any stretch of the imagination.

So, at my first opportunity, I will unload the rest of my shares and invest in something more profitable. My gut feeling is that "something" is obviously very, very wrong here. Now all the other long time investors will say "good riddance BT"......but you all know in your hearts that after this length of time, as always, I speak the truth. Good luck to all.

[plat hunter] 16/9/2020 15:03

Looking at 37.5 for another entry

[new_buyer] 16/9/2020 14:14

Looks like 40p is the old 30p, knock knock knocking on heaven's door!

[ukgeorge] 16/9/2020 11:25

not that this company needs any more reasons for the share price to improve, but the recent depreciation of the £ will also mean higher profits.

Roll on Q3 results living up to expectations.

[thejonah] 16/9/2020 07:52

Yes, I might get the timing wrong, but who knows. GLA!!

[ukgeorge] 16/9/2020 07:06

The inevitable correction here should be plus 10p or so in a short period of time....Yesterday's late buying and close at 40p was pretty positive

[thejonah] 15/9/2020 23:13

I sold out yesterday at 39p after a decent rise over a few months. I was spooked by the coup stuff, and pleased to see a recovery so quick. Based on expert opinion from a land holder in Portugal, I have switched my funds to top up in AAZ, as it seems so undervalued (DYOR of course). Once the inevitable correction happens, I'll probably switch some back into HUM, as medium to long term outlook is very positive!

[temujiin] 15/9/2020 20:56

Progress in Mali, West African Leaders Agree to Lift Mali Sanctions After Talks
Credits to sandman82 on LSE.

A proposal by Mali’s ruling junta laying out how it plans to restore civilian rule has met the approval of West African leaders who’d sanctioned the country over an Aug. 18 coup.

“We have been able to reaffirm the processes that they themselves have agreed to,” Ghanaian President Nana Akufo-Addo, who currently heads the Economic Community of West African States, told reporters Tuesday. “The sanctions that have been placed on Mali will be lifted,” he said after the bloc’s meeting with the military leaders.

He did not immediately share details of the junta’s plan, but said the decision to remove sanctions could be implemented “within days.”

The regional bloc had taken a hard line since the putsch that deposed President Ibrahim Boubacar Keita by halting trade with the $17.5 billion economy.

[andrewsr] 15/9/2020 17:02

Far from an 'epic fail' HUM have shrugged off biblical floods, a pandemic and now a coup d'etat.

There must be quite a big risk reduction for the location to justify the low valuation, but as the cash piles up, IMO the risk reduction melts away - you just can't ignore cash, no matter where it comes from.

Maybe they should keep a cash float but, agreed, they should invest cash into Kouroussa - it looks a gem.

[dickbush] 15/9/2020 16:06

Buy into a company because you want to own it, not because you want the stock to go up. … People have been successful investors because they've stuck with successful companies. Sooner or later the market mirrors the business.

Warren Buffett

HUM should be spinning off enough cash to pretty much finance Kouroussa through to initial production AND, hopefully, expand the LoM of both it and Yanfolila. For me that's its best use of its cash flow for long term investors. Obviously, I'm assuming the prospective economic environment is bullish for the gold price. Recent Federal Reserve statements suggest that is baked in, but there's many a slip...

FYI

[laurence llewelyn binliner] 15/9/2020 15:55

#Bionic... seems like we get a break at last, I make that around 500,000 buys at 40p this afternoon so far.. :o)

[cinoib] 15/9/2020 15:47

LLB, looks like they are done for the day at least, as the yanks are doing their best to sell gold down and Hum is up 1p. Well settle for that for one day as long as it's the same for the next few weeks.

[simonbroughton] 15/9/2020 15:28

No small cap should ever be indulging in share buy backs. They should be investing the money in improving the business. It sends entirely the wrong message. It rarely makes any positive impact on the share price and suggests they don't have clear vision on how to progress the company. To me that's a sell signal.

[ukgeorge] 15/9/2020 14:20

Shame a Chinese company hasn't bought the SC holding. Then we could hope for a hostile takeover. I sadly think that is the only way the share price will ever get a meaningful rise.Remember the chat of share buybacks must be two years ago now, surely this is still warranted. Okay the company is doing alright but given the gold price rise this company has been an epic fail so far.Before people say, yes I know I can sell and move on, I just wish the share price would start to reflect the situation, record gold prices, operating mine, project pipeline etc etc. I guess a lot of the undervaluation stems from the distrust of management. Rant over.

[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.