Hummingbird Resources Share Discussion Threads

[roguetreader] 27/11/2020 10:06

Pasofino are pretty sharp on the PR / keeping shareholders up to date. Latest update had this re Ian Stalker:

'Mr. Stalker has managed the development of over a dozen major mining projects from initial exploration to production with a focus on Africa. He co-founded and is a director of K92 Mining Ltd. taking it from a $14 million valuation to over $1.8 billion. He has a deep understanding of international capital markets and his global mining experience has lead to billions of dollars in wealth creation. He was also CEO of Uramin which he successfully sold for $2.5 billion in 2007.'

Well if he come close to those with Dugbe it will make an interesting contibution to HUMs share price

[laurence llewelyn binliner] 26/11/2020 16:40

#backmarker, Toronto, Ontario--(Newsfile Corp. - November 10, 2020) - Pasofino Gold Limited (TSXV: VEIN) ("Pasofino" the "Company") is pleased to announce that Hummingbird Resources (Liberia) Inc has exercised its option to acquire the "Central License" located and encompassed centrally within the Dugbe Gold Project (the "Project").

[backmarker] 26/11/2020 15:56

re. the 11 Nov RNS- acquisition of the Central Licence.

can someone clarify for me, please:

was the Central Licence acquired by Pasolina, OR by Pasolina on behalf of the joint venture ?

tia

[laurence llewelyn binliner] 26/11/2020 13:57

#BIKWIK, an interesting view on the T/A tea leaves there, and supported by the known project growth pipeline, increasing earnings, and soon to be debt free status, the future does look rosy indeed, I remain long.. :o)

[chipperfrd] 26/11/2020 13:26

Useful BIKWIK - thanks :-)

[borderterrier1] 26/11/2020 12:55

Avesome1968 I PM'd Kodiak copper to you some time ago, posts 9017 and 9321. It moved 600% in three days. I guess you didn't receive the PM? And despite gold dropping, Marathon is up 10% today. I honestly think punters are wasting time with this now. As others have said on here in the past, get rid of "Dodgy Dan" the Ceo and you will see a change, but not before he is removed.

[bikwik] 26/11/2020 10:18

Indeed I have Simon, and I agree it does look very interesting. Its been listed for 10 years, the first 4 going down and the last 6 years in a base pattern. The neckline sits at around 40p and the bottom at 10.5p (the Jan 2016 low).

Within the 6 year base there is also a three and a half year head and shoulders pattern. I'm rather fond of those you might say, particularly when they appear after a long down trend. Then they work in reverse to the conventional way of being a top.

I have seen so many of these over the decades and they usually work a treat. A large percentage of these set a strong bull trend in motion by way of a false downward break. So basically failing under the neckline. We have had that on Hummingbird when it failed in 2019 to hold a downward break under the 16p neckline. That triggered the 1st bull run to 29.25p (Aug 2019) ahead of the covid 19 dump to 18.25p in March.

The 2nd advance, so far reaching 42p back in the summer, I don't think is over yet. We should soon get another rise which takes out 42p to somewhere around 64p to 66p. That should be the end of the 2nd bull run....then well get some form of correction before a final 3rd bull run. That could take us to 100p or thereabouts. That I guess will only happen if gold takes out $2075 and extends some way further.....my target is around $2200.

I'm waiting for a medium term buy signal on gold from the weekly coppock indicator. Its in the buy zone (below zero) it just needs to turn up. It obviously lags a bit as its a weekly indicator, but I strongly suspect it will do so as gold looks to have got to a level where the sellers have exhausted themselves.

The weekly coppock on gold is ultra reliable. I have gone back to the year 2000 and checked every buy signal. There have been 32. The last was a year ago when gold was $1510.8. Of those 32 signals, only 3 didnt work. Those were in 2013 when gold was in a strong bear phase. So the success rate over the last 20 years is over 90%.

GLA

[charlieeee] 26/11/2020 08:47

It has been quite an extra ordinary year and of course there was also the March covid dip trashing the share price along with most other shares.

What we should now be able to look forward to is a steady stream of exploration results from all 3 bigger projects, the mining licence and build updates for Kouroussa and the production reports for Yanfolila.

I do hope that they RNS all 3 projects separately. Bite sized chunks are more digestible and keep up investor interest.

[kennyp52] 26/11/2020 08:25

Of course .. a coup , extreme rains and severe loss of production has nothing to do with the share price of HUM ?

[avsome1968] 26/11/2020 08:24

BT

You need to email your next bargain don't like to buy when they've rocketed.

[simonbroughton] 25/11/2020 21:30

Good charting, BIKWIK!

Have you looked at the chart as a whole since the company listed? it looks very interesting to me.

[bigglesbingham] 25/11/2020 19:39

Or Ariana which is due 35 million dollars cash once agreement signed within weeks. Market cap £55 m . DYOR and I'm a shareholder so keep that in mind. They have said of this money around 0.75- 1p paid as dividend next quarter after deal done.

[borderterrier1] 25/11/2020 14:44

avesome1968 Don't hold your breath with this. Plenty of more profitable stocks out there. I bought Chinese electric car giant NIO for $7 in June and today it is $55. If you want a decent gold miner take a look at Marathon gold. Good luck!

[avsome1968] 25/11/2020 12:50

I bought back in this morning also but they are to trade. Seagreen you changed your tune lol.

[bikwik] 25/11/2020 09:19

You might like this:


free stock charts from uk.advfn.com


Note also where the lower rising support line from Andrews pitchfork comes in!

[aimsurfer] 25/11/2020 08:56

Anyone else signed up to Pasofino newsletters and received their welcome email? Have to say very refreshing how they treat shareholders, provided excellent overview of the company and their plans to grow the business. Invited you to schedule a call with the company if you have any questions.Very pleased they are involved with progressing Dugbe. I'll forward this email to HUM investor relations, they need to take note.

[polaris] 24/11/2020 21:01

The stupidity of the markets shines through. pog is still up 20 % on the ytd and has a 250 day moving average approaching today's price ($1785). At same time last year the same average was $1385...

The hot money is moving around with the apparent return to normality, caused by the vaccine news. The fact that the general economy has taken a beating in 2020 and the printing presses have been working overtime to keep the plates spinning has, once again, passed by the average punter. No surprise there!

HUM is a share to buy and just put in the drawer for a year. It's now cash positive and will pay back remaining debt by end Q2 2021. TBH, i don't care if pog is $2200 or $1400, it's above last year, which is what you need to compare against.

Prospects are so much ahead of 12 months ago too. Sometimes, the stupidity of the market gives you a chance to tuck something away for next Christmas that will more than pay dividends. HUM is in that class. GIFT.... HORSE...

[borderterrier1] 24/11/2020 20:26

seagreen It won't be long and strange isn't the word. In forty years of investing this has been my worst nightmare and it is also the worst ever performing gold miner. When other investors refer to the "experienced" Ceo here as "Dodgy Dan" something smells distinctly fishy. IMO it's only worth trading this on the peaks and troughs, no point in holding long term regardless of what serial ramper new-buyer says. This won't ever get above 40 p because the management won't allow that. Good luck, but please be careful.

[seagreen] 24/11/2020 18:22

about time I got back in...thankfully I listened to BT....maybe wait for 20p again...quite a strange share this one

[laurence llewelyn binliner] 24/11/2020 15:13

#Chip, thanks..., another similar to what you have but a rolling daily volume bar graph for 30 days would be great to see what is going on easier...

[chipperfrd] 24/11/2020 14:07

LLB,

re your request for a volume chart.

I am dealing with a family issue so can you post a link to what you want and I will then place it in the header when I have the time.
Chip

[borderterrier1] 24/11/2020 13:39

Told you. A $10,000 investment here 5 years ago would be worth approx. $7,500 today. "Someone" is making money here but here's a clue:- It isn't the shareholders. This is a SCAM.

[aimsurfer] 24/11/2020 13:27

Added more to wife's ISA at 28.5.Just don't see much more downside here as long as production remains stable.£100m market cap. At current gold price they should generate over $80m in cash next year. No debt to pay off, put the money towards Kouroussa.

[charlieeee] 24/11/2020 12:48

Thanks for the good wishes UK George.

I don't quite see the political risks as you do. There was a simmering undercurrent of unrest and that was abruptly halted by the military. We don't hear very much about the Jihadists nowadays: presumably, a bunch of camel drivers up in the northern deserts are finding operations somewhat harder with the military in charge?

All down to gold now and settlement day.