Hummingbird Resources Share Discussion Threads

[plat hunter] 07/12/2020 13:18

Just bought 11.5k ZIGZAGS pointing up, trading below 200 mda with RSI at 39 and Parabolic SAR about to switch position.Net debt near zero and 100k ounces at AISC under a grand is and EBITDA of 77 millionGood luck all, even Border.

[new_buyer] 07/12/2020 12:03

Conspiracy theories LOL!!

[borderterrier1] 06/12/2020 13:28

Plat. Wrong again. I present the facts here. If you doubt that, please take the time to read the posts from other LONG TERM investors, not idiot newbies like yourself. There's a steady stream of those that like you, excitedly invest here only to pull out again because Hum management fail to deliver. It should clarify the situation for most intelligent investors. In your case, I have my doubts.

[plat hunter] 06/12/2020 08:31

You're a bag holder by your own admittance.Pathetic whiny little girl, blaming other people for you own mistakes.Grow up

[borderterrier1] 05/12/2020 21:27

replicas1967 and Plat Hunter AKA the super smart a$$ investors. You are both correct, as always. But, unfortunately, we ALL thought we saw "the opportunity that we currently see ahead of us"..........that's why we invested. That's why any of us invest. Up to now we have ALL been 100% wrong. What makes you two think you're special and know any different?

Two or three years from now when the share price is still below 40p you will be wishing you had listened, like all the other fart smellas that thought they knew better....that have now abandoned ship. But please, don't take my word for it, I'm an idiot for investing here in the first place and at least I admit that. But you two are even bigger idiots for thinking you are any different. Read some of the multitudes of comments from the others that were convinced this was a good thing. There's plenty out there. But of course, according to you two, they were all wrong.

[plat hunter] 05/12/2020 15:16

Border, you sad sack bag holder. I'll show you how it's done.

[replicas1967] 05/12/2020 15:04

BT - Go fishing - get rid of that tension of yours. As Plat alluded to we’re not bothered about the previous 5 years, simply the opportunity that we currently see ahead of us !

[plat hunter] 04/12/2020 22:06

Lol 10 bagging coming just watch

[napoleon 14th] 04/12/2020 15:34

Considering the triple whammy of Covid, military coup & record rain season,
then some other aspects on top, IMO HUM have done well.
They are a lot more cautious than before.
Future plans are good.

I'm ignoring the share price "noise" & not sold any, nor getting excited.
After all, I've been in RBW for 3 years & GGP since 2007, & lok at them now!

Another CEO interview, start to 12 minutes: hxxps://www.voxmarkets.co.uk/media/5fc79fa2bc74c922485f4fd6/?context=/

Good value here today.

GLA...

[borderterrier1] 04/12/2020 14:40

meanreverter If you read the glowing 72 page promotional report by Frank Campbell, (who won the trip to the site) you will read that the mining area was very carefully, (at huge expense), prepared by Hums mining experts.....with 30 experienced mining in W. Africa, to prevent collateral damage by excessive rainfall. What happened?

I could go on and on to bring up many, many more questionable pitfalls and ramifications that have contributed to this abysmal share price over the last five years but that would be a futile exercise........... .it has been documented on here and the LSE bb multiple times by me and others.

At some point investors have no choice but to accept that staggering from one crisis to the next isn't exactly the company described as "Running as smoothly as a well oiled Swiss watch" that Frank Campbell excitedly reported to investors back in 2017.

And it is not, IMO, (as you suggest), competent management. Something needs to change.

[meanreverter] 04/12/2020 14:20

UKGeorge — I agree that the deals with barely known Bunker Hill and practically nonexistent ARX were pretty questionable.

However, The company is not to blame for unprecedentedly high rainfall making opencast mining difficult. Nor was it responsible for the closure of Mali's borders following the coup, making the import of essential equipment and personnel difficult. In addition, covid-related restrictions on travel and work operations have affected many miners, including Hummingbird.

As for the share price: that is down to the market and is not in itself evidence of bad management, any more than a court's judgement is evidence for the guilt of a defendant.
Dodgy deals aside (if you can put them aside), I think that management on the whole has been competent. Probably, though, the dodgy deals alone are enough to merit the present dismal share price.

[borderterrier1] 04/12/2020 14:18

Plat Hunter It isn't me that's the idiot here, it's you. Please carry on trying to impress us all with your superior "knowledge" but the ultimate proof of the pudding after five miserable years is the abysmal "shareholder value". In other words, there isn't any. As UK George correctly says, that was the result of errors, questionable dealings and OUTRIGHT BAD MANAGEMENT. Sorry, Plat Hunter, I ABSOLUTELY DO know more about this co. than you think you do.

[ukgeorge] 04/12/2020 11:13

Adding the LOM would be quite informative and must be one of the main reasons for the discount.

[chipperfrd] 04/12/2020 10:38

I try and find PM stocks that are under-valued compared to their peers. Obviously, there are a multitude of factors that have to be considered and there really is no guaranteed method - otherwise under-valuations would not exist and that clearly is not the case!!

I discovered one method in a book called "What works on Wall Street" which creates a scoring system based around 5 financial metrics, PER, PBV, PSR, Ev/EBITDA, PCF.

Hence, I have maintained a comparison table of PM producers which I list as Table#2 in the header of my 'CHIP' thread:

The table has shrunk from the original 70+ stocks due to Takeovers et al and now consists of 61 Gold & Silver producers listed in N.America, London & Australia.

As I currently have HUM as the 2nd most under-valued stock using this method I thought I would try and knock out a table of the top ten stocks plus the overall average numbers for each metric calculated from all 61 stocks.

Updated 04/12/2020
Stock name ...... Code .... PER ... PBV .... PSR .... Ev/EBITDA .... PCF
Medusa .......... MML . ... 3.2 ... 0.71 ... 0.76 ......... 1.3 .... 2.0
Hummingbird ..... HUM . ... 3.8 ... 0.85 ... 0.75 ......... 1.6 .... 2.5
Serabi .......... SRB . ... 8.1 ... 1.19 ... 1.14 ......... 3.2 .... 4.4
Centamin ........ CEY . .. 12.7 ... 1.45 ... 2.11 ......... 3.1 .... 3.7
Caledonia ....... CMCL. ... 7.0 ... 1.36 ... 2.01 ......... 3.6 .... 6.6
Perseus ......... PRU . .. 12.5 ... 1.34 ... 1.99 ......... 4.4 .... 5.5
St Barbara ...... SBM . .. 13.7 ... 1.31 ... 2.13 ......... 4.9 .... 6.3
Anglo Asian ..... AAZ . .. 11.3 ... 1.64 ... 2.11 ......... 3.9 .... 4.5
Shanta .......... SHG . .. 77.0 ... 1.65 ... 1.10 ......... 2.8 .... 3.0
Trans Siberian .. TSG . .. 38.3 ... 1.43 ... 1.86 ......... 5.0 .... 4.5

Average 61 stocks ..... .. 58.1 ... 2.21 ... 4.70 ........ 15.0 ... 26.9

PER is Price/Earnings
PBV is Price/Book Value (ie Net Assets)
PSR is Price/Sales
Ev/EBITDA is Enterprise Value (ie MktCap+Debt-Cash) / Earnings Before Interest, Tax, Depreciation & Amortisation
PCF is Price/Operational Cash Flow

Chip

ps. to clarify: Price is yesterday's close. All other data is from financial results to 30th June 2020