Hummingbird Resources Share Discussion Threads

[cinoib] 02/10/2020 09:16

andrewsr, does that mean that gold will resume it's upward trend if these f---s have been caught and lost all their gains or does it mean they will try to cover their tracks better next time. You can only manipulate the price of something for so long before gravity takes over and if you are on the wrong side then your f---ed.

[andrewsr] 01/10/2020 16:50

hxxps://www.straitstimes.com/business/banking/jpmorgan-fined-126-billion-for-manipulating-precious-metals-treasury-market

Unless they put the directors of JP Morgan, Goldman Sachs and all the rest in jail for their normal business activities, it'll just continue.

[laurence llewelyn binliner] 01/10/2020 16:32

#UKG, very nice too, and partly responsible for someone buying in today for our journey towards 225,000 ounces with Kouroussa and 350,000 per year with half of Dugbe., revenues/profits will double then treble from here on in..

The Dugbe feasibility study is planned for completion in Q3 2021 targeting a production rate of between 200,000oz pa and 250,000oz pa. Furthermore, a road contractor has mobilised
for the rehabilitation of the access road to site and camp infrastructure has been ordered and is on route to site.

Pasofino are not dragging their feet... :o)

[cinoib] 01/10/2020 16:13

Don't know but don't complain, maybe $21 on the gold price is helping a bit.

[ukgeorge] 01/10/2020 15:31

funny place the stock market, everyone seems to have woken up today in a hurry to get on board the Hum express, seemingly nothing new company related



Pasofino monthly review

[qs99] 01/10/2020 15:26

what's with the spike?

[lasata] 01/10/2020 13:40

32 years??

[cinoib] 01/10/2020 12:12

I don't know but couldn't buy any at 37 touch so had to leave a limit order, that's twice in 32 years have had to do that. Was filled at 36.85 so happy with that.

[qs99] 01/10/2020 10:51

Moving nicely ahead. Wonder what has stimulated this?

[cinoib] 01/10/2020 09:13

zhockey,
Would you hedge anything when you know the current price is just a breather before we go for much higher levels, as have not seen any of the pundits say we have reached the top yet and in the present global condition I don't think we will see the top before $3,000, then I might be hedging.

[ukgeorge] 01/10/2020 09:08

LLB yes nice start roll on 50p.

There is an update of the airstrip on twitter

[laurence llewelyn binliner] 01/10/2020 08:52

#DB... we will find out soon enough..!

#Zhockey, The next rounds of QE will not be far away now as economies stutter and POG will be back over 2000 PDQ..

SP looks lively this morning and heading back towards the 40s, next stop 50s for year end, perhaps SC have stopped selling down for now and another TR1 is in progress.. :o)

[zhockey] 01/10/2020 08:13

Why are they not hedging at these levels?

[dickbush] 30/9/2020 23:05

September average gold price circa $1,925 for a 3rd qtr average of circa $1.913. Hopefully, HUM will get close to $1,900.

[ukgeorge] 30/9/2020 09:40

What I am more interested in is:

(1) the bank debt position

2.amazonaws.com/media/2020/09/11091214/HUM-Q2-presentation-v2-CURRENT.pdf

It will likely be circa $18M slide 6.

(2) the net debt/cash position
As Dan said Net debt free Q4 cash will likely be sub $18M

(3) the gold in hand position

Could have been impacted by export restrictions, hopefully hasn't

(4) our target zero debt date
Q2 2021, but then they will take on debt for kouroussa

(5) how the new airstrip is coming on


(6) any Yanfolila LOM extending drilling updates
Agree would be great to have an update the short LOM is a major draw back.

(7) Kouroussa updates
Agree

(8) MAIDEN DIVIDEND
obviously would be great but unlikely given new projects and debt costs.

[laurence llewelyn binliner] 29/9/2020 17:12

#UKG, agreed 54,336 ounces poured, and 56,095 sold..

Q3 closing tomorrow and POG is going to be cUSD1912/Oz near as makes no difference, with 1877/Oz payable after costs, last years update was 21.10.2019..

AISC 983 or better, 894/Oz margin and 10KOz call it USD9M EBITDA, unless the ounces are up and the AISC is down..

What I am more interested in is:

(1) the bank debt position
(2) the net debt/cash position
(3) the gold in hand position
(4) our target zero debt date
(5) how the new airstrip is coming on
(6) any Yanfolila LOM extending drilling updates
(7) Kouroussa updates
(8) MAIDEN DIVIDEND

[ukgeorge] 29/9/2020 16:37

LLB they have produced 54,336 oz.

10M a month is a fairy tale

[laurence llewelyn binliner] 29/9/2020 16:09

#UKG, guidance of 110-125 KOz was given in the FY2019 results, maintained at Q1-2020
reiterated at H1 on 26.08.2020, with 56,095 ounces declared..

For bottom end of guidance we need just 27 KOz from Q3/Q4, but where we are really winning is on unexpected revenues/profits, even at the bottom end of guidance we will far exceed expectations..

USD10M a month EBITDA.. :o)

[borderterrier1] 29/9/2020 15:54

Meanwhile, on the LSE bb, Jollygoodya states;- "Flabergasted at the share price "
and iWantThatOne states:- "what the hell is going on here?"

After 5 years, I believe I am qualified to answer that question:- We are getting shafted.

And RichtheNewbies "short term outlook" ??? You are joking, right?

[moljen] 29/9/2020 15:53

One hope's you're talking Ounces and not price UKG

[ukgeorge] 29/9/2020 15:25

Given it is the rainy season, covid, coop, the share price and last quarter I think 24-26 is most likely. 3-4 weeks and we will find out.

[bubloo] 29/9/2020 14:57

what is your target ukg

[ukgeorge] 29/9/2020 13:19

So near enough end of Q3 we have had record high gold prices, there have been no RNS reports that there have been any problems at the mine and Dan has even done two media interviews.

So this recent slide in the share price must be one of these many many buying opportunities......

Please Hummingbird hit target.

[bubloo] 28/9/2020 22:36

rsg mali goldie today announced proposed strike called off. Was around 76-77 pence before coup in amli. interesting no movement in share price. I have bought some 5000 today. any views learned goldies here can dish out on rsg thread please

[laurence llewelyn binliner] 28/9/2020 09:56

Stability returning.. :o)

Mali's transitional President Bah Ndaw has named a new civilian prime minister, the state television announced on Sunday.

Mr Ndaw appointed former diplomat Moctar Ouane to the position.

Mr Ouane served as Mali's foreign minister between 2004 and 2011.

He was Mali's permanent representative to the UN from 1995 to 2002 and later became a diplomatic adviser to the west African regional bloc, Ecowas.

His appointment could see the lifting of sanctions imposed by Ecowas after last month's coup.

The coup leader Col Assimi Goita had picked Mr Ndaw - who was inaugurated on Friday - to be the transitional president..