Hummingbird Resources Share Discussion Threads

[borderterrier1] 28/10/2020 13:55

Juxtapose's comment on the LSE bb this morning re. the management:- "they are undoubtedly greedy" Yep, you got that right Juxtapose. Never mind NB, like I said this may be 40p in another 5 years. The management are on the ball when it comes to lining their own pockets but unfortunately, not where shareholder value is concerned.

[dickbush] 28/10/2020 09:56

Many thanks, roguetreader and rickyhatton for your updates.

[bo doodak] 27/10/2020 21:08

You been on the bevvy UKG, sit on your hands man and wait for it to come to you.

[bo doodak] 27/10/2020 21:05

Got to give DB his due, it is all starting to come together.

[laurence llewelyn binliner] 27/10/2020 18:22

#UKG, that is a matter of opinion, but I have detected you are not much of a fan of the BH investment... :o)

Value takes time to build, sit back and let the respective BODs do the building, every piece of the jigsaw will add value over time, as drilling is converted into reserves and resources then LOM extensions and operating profits, a side note is all that was needed in the Q3 update, when BH represents a larger part of the portfolio then I will expect more commentary..

Onward and upward, with POG climbing again, and US elections next week..

[laurence llewelyn binliner] 27/10/2020 16:56

Great timing to convert all our BH loans into BH shares in Q3 ahead of their drilling results.., and now we own c10% of the company.. :o)

Yanfolila plus exploration drilling ongoing
Kouroussa plus exploration drilling ongoing
Dugbe plus exploration drilling ongoing
BH plus exploration drilling ongoing
CORA plus exploration drilling ongoing

Net cash positive NOW, and yet people want to sell..? give it 18-24 months and have another think about that.. :o)

[cinoib] 27/10/2020 16:00

Chipperfield, Sorry error, should be Conroy have edited.

[goodgrief] 27/10/2020 15:33

Just caught up with the VOX markets and Blythweigh interviews. And the announcements from Pasofino and Bunker Hill. Thank you rt and rh.

Taking into account gold on inventory, we're net debt zero. Doesn't seem that long ago we were saddled with huge loans! Looking forward to next set of exploration results from Yanfolila and Kouroussa. He mentions dozens of hits with grades approx 10 g/t.

This is definitely a strong hold... that's an opinion backed up with some pretty strong evidence. LOL.

[rickyhatton] 27/10/2020 14:48

Bunker Hill announcement

[roguetreader] 27/10/2020 14:42

Pasofino Gold Dugbe Exploration Announcement:

[dickbush] 27/10/2020 14:13

Cinoib I'm not complaining just pointing out the facts. If you don't like it you can easily eliminate my input.

[ukgeorge] 27/10/2020 13:19

Well you will likely have 90 days before the next update so I wouldn't be in a hurry...

[plat hunter] 27/10/2020 13:08

False alarm... was only looking at the range on here and just presumed i would have been matched.Alas I haven't yet.

[squash90] 27/10/2020 12:02

Can't see any 36.50 trades

[plat hunter] 27/10/2020 10:43

Finally got 36.50, thought I'd missed the boat for a top up.Onwards and upwards now please.

[chipperfrd] 27/10/2020 09:01

Cinoib,

Just for the avoidance of confusion: the reference to CORA in your post should have been CGNR.

[rickyhatton] 26/10/2020 17:13

DB very bullish going forward. Dugbe could be HUGE 10moz+++ multi mines.
Says HUM is mow "tremendously undervalued" with all the multi jurisdictions being developed,with Q4 Yanfolila back on track for target AISC

[laurence llewelyn binliner] 26/10/2020 17:06

#Zhockey, if you use the previous 5 quarters AISC prior to CV19 impact as an average we get 908/Oz..

Q2-2019 / 27,466 Oz poured / AISC 998
Q3-2019 / 30,484 / 849
Q4-2019 / 33,892 / 839
Q1-2020 / 30,282 / 875
Q2-2020 / 24,054 / 983

Use any 4 quarters we get an average of c120Koz a year (or 10Koz per month)
Use todays Q3 sale price of 1919 we get an EBITDA margin of 1011/oz..

So we will have pretty much USD10M a month EBITDA when we get back to nearer normal with costs, simply double it by adding in Kouroussa to get USD240/250M, with nothing added for Dugbe..

POG is not going anywhere but up in the next 2/3/4/5 years with the next FED stimulus getting closer diluting the dollar (again)..

#Plas.. good to see you in here, its been a while... :o)

[aimsurfer] 26/10/2020 16:43

There were unhappy people at 20p, 30p, 40p, next year people will be unhappy at 50p, 60p :)Too many want quick spikes to move onto other shares.Interesting slide in the Q3 presentation, 2025 vision of >350-500k oz. How many people will be around for that I wonder :) Murray Paterson confirmed they are currently reviewing additional opportunities. Another Kouroussa type deal would be nice. Dugbe could be a real surprise here, Pasofino are not hanging around. Drilling starting in November.

[plasybryn] 26/10/2020 16:26

Look at it this way. We are lucky to be able to buy in the mid 30's due to fickle short term traders who aren't interested in understanding the inherent value here. Even Dan in his interview was frank about the undervaluation and the need to address that issue. This time next year today/s price will no doubt seem an unbelievable bargain.

[backmarker] 26/10/2020 16:22

Q3 reasonable, given the circs. I'll buy the story for now.

it's good they are almost debt-free, so should be able to fund future developments from income, I hope.

any prospect of a dividend in 2021 ?

chart now at a critical point. I'm hoping today's small fall is a retest of the uptrend line, before rising through resistance and breaking up out of the wedge formation.

I can see a scenario where further evaluation of Q3 and all the prospects will encourage some buying during the week, leading to a new upswing and new shortterm highs.

[andrewsr] 26/10/2020 16:21

DB gave an EBITDA of $250m (with Kouroussa in production) in his interview today, but you need to deduct the government free carries, so about $215m net to Hum. It doesn't mean it's half that now in view of Covid, rains etc.