Hummingbird Resources Share Discussion Threads

[bikwik] 01/12/2020 11:21

The key 50% retracement level was $1763, gold got to $1764 yesterday and now its bouncing. As WD Gann would say when time is up, price will reverse. Well, I think the time is now!

Look at the daily and weekly Coppock indicators. When Coppock turns up from below zero that's the buy signal. The weekly gives you the major ones. The last was nearly a year ago! We havn't seen it turn up yet as naturally the indicator lags the price, but it sure looks likely to turn up soon! Note the level on the more sensitive daily version!

Also note where the rising 200 day moving average is in relation to the price and where the price is in relation to the parallel downtrend channel from the August $2075 high (and also the 50% retracement level).

Pretty conclusive i'd say. If I'm wrong, you can't say I didn't try!

[bikwik] 01/12/2020 11:03

Gold is now looking very attractive indeed and so great for gold stocks in general. Here's why!


free stock charts from uk.advfn.com

[backmarker] 01/12/2020 09:48

as gold is priced in $$ it is no help to HUM share price if the $ continues to fall, unless the PoG goes up. however, I would expect the PoG to 'compensate' if $ does fall.

overall it might be good if the $ does continue to fall, as we can get cheaper chlorinated chicken and hormone-rich beef.

and I might get a cheaper holiday in US.

[borderterrier1] 30/11/2020 22:00

15p by Christmas. Great buying opportunity. Fill yer boots! In another five years this may be 40 p. If you're VERY lucky.

[charlieeee] 30/11/2020 17:43

There are dangers of the USA being left, like the emperor, with no clothes: certain aspects of any Chinese dominated world are most unpalatable and Hong Kong shows that there is no middle ground.

So, once Covid is taken care of by the vaccine, there is the economic mess to clear up and then global warming (and the implications for growth) coming fast down the track.

It is difficult to see physical gold going any lower, but "paper" gold is no different from printed money and complicates any sane calculations. The cash rich mines should withhold gold produced, forcing a fair price.

[andrewsr] 30/11/2020 14:37

NW,
Cora exploration (Tekeledougou) is also very close to Yanfolila, and so some pits may be either fed directly into HUM's mine or others (Sanankoro) pre-refined and then processed at Yanfolila.
Also, the CEO Bert Monro previously worked at Hum.

[laurence llewelyn binliner] 30/11/2020 14:06

#nickwild, CORA Shareholder Information: Hummingbird Resources plc (plus subsidiary company) 11.36% ownership just for starters... :o)

[nickwild] 30/11/2020 13:51

What is the relationship of Cora Gold to Hummingbird?

[aimsurfer] 30/11/2020 12:18

Yup and the good news is someone is mopping up after the seller.Useful post taken from lse."A very interesting (10 min) article from Sprott Money this week:-https://www.youtube.com/watch?v=OHGaw7G9KXoSo in a month that has seen the price of gold whacked by $170, November COMEX contracts for delivery are up 900% (not a typo) on the same month last year! But, of course, there's no price manipulation... /sI'd encourage anyone not already doing so to follow Sprott Money. Their "Weekly Wrap-up" video (once a week on a Friday afternoon) is concise, informative & insightful.Using the last few years as a guide, it does indeed seem (as suggested) that gold is about to move higher. Here's hoping."

[plat hunter] 30/11/2020 09:04

US Dollar Index hits 12 month low of 91.69

[bikwik] 28/11/2020 18:38

I follow 90 or so International gold (predominantly) and silver stocks on Sharescope and there were a lot of very nice upside reversal candlesticks last week......despite gold getting thumped a bit again on Friday. More on gold after this....

The reversals took the form of bull hammers (Franco Nevada, Kirkland Lake, Fresnillo, B2 Gold, Yamana Gold, Alamos Gold, Centamin, Galiano Gold, Fortuna Silver, Pan African) Also, Doji's (Resolute, Royal Gold, Osisko Gold Royalties, Sandstorm, New Gold). Not forgetting of course Hummingbird which had an VERY nice bull hammer.

The longer the tail relative to the 'body', then the greater the bullish implications are. Hummingbirds was one of the best of those 90, if not the best.....The tail was 13 times!! longer than the body! So with it now also back over the bottom weekly bollinger band and having started to bounce from the bottom prong of Andrews pitchfork, then this really looks like an exceptional opportunity to load up! ......I already have.

If one looks at gold stocks across the board, then you can clearly see the three cycles (like HUM) that have occurred since the March lows. Also, many of them have retraced around 38.2% (Fibonacci)of the March-August bull legs. That is bullish! The giant gold stocks like Newmont and Barrick have retraced either 38.2% (Barrick) or between 23.6% and 38.2% (Newmont).

Plus many of them are VERY oversold. Clearly the investors buying and or holding them do not think the gold price is going down any further or maybe if so it won't be by much. In any event, a sustained recovery and new highs is what they are all looking for. Thats what the price action tells me.

I think HUM should close higher by next Friday as well as many others. Gold may do this also. I think we may see record highs by January. December may be asking too much.

GLA

[aimsurfer] 27/11/2020 17:31

Good point, with Yanfolila cash flows we can get cheap debt to fund Kouroussa, let gold drop to $1500 or whatever, as long as it's over $2k in 18 months and we're generating over $200m in cash I won't be complaining :) If you think gold is going under $1k then you should sell, if your expectation is over $2k future price then we'll be handsomely rewarded.If it drops close to $1k I see share price dropping 30-40%, if it goes over $2k, we have 100-200% gain from here. I've set my bets. Let's wait and see.

[dickbush] 27/11/2020 17:07

Cinoib

I did put FWIW at the start. It's a Goldman Sachs analyst so you know he's smart AND talking Goldman Sachs' book.

I'm slightly concerned that the Rpublicans will maintain control of the Senate and then keep the next stimulus below what's needed. Against that the forecast of a strong rebound in commodities across the board would help the gold price, but the suggestion is we have a wait before that happens.

Short term? Always in the lap of the traders.

I don't like watching HUM drop 25% but, if we are going to get paid handsomely, we need the gold price to be $2,000-plus in two years time rather than now.

[andrewsr] 27/11/2020 15:56

We've had significant falls below $1950 and $1900 in one go, then $1850 and just now below $1800 all occurring over a matter of a few minutes each time, which suggests blatant manipulation.

They probably wait for a build up of stop losses just below a support level and then make their move.

All against reports of unprecedented demand for gold and silver, particularly silver.

It's hardly a market anymore.

[backmarker] 27/11/2020 15:42

I shouldn't worry too much..... yet, anyway.

this year Gold has gone up from sub $1500 to over $2000, and is now back to $1800.

that's only a reasonable correction so far.

at least HUM has been able to take advantage of these higher prices as it is a producer, not just an explorer. real gold, selling for real $$$s....and more $$$s than last year.

long-term Gold is still bullish for now.

[simonbroughton] 27/11/2020 15:37

Cinoib,

I do have a little apprehension that the fed might be trying to short the hell out of gold in order to protect the dollar. They did this successfully in 2011 and all the smallcaps got hammered. If they do it again I think it might backfire on them this time because the likes of the Chinese and the Russians will hoover it all up on the cheap and leave the dollar defenceless. A return to an international gold standard looks inevitable at some point in the future when fiat currencies collapse. It's ironic that the USA has sown the seeds of its own downfall.

[simonbroughton] 27/11/2020 15:31

Thanks, BIKWIK.

This looks to me like a long lasting pudding bowl formation and I am hoping for a return to the peak on listing.

[swanvesta] 27/11/2020 14:48

The markets are risk-on. That means base metals, battery metals, industrial growth. Gold is off the radar.

[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