Hummingbird Resources Share Discussion Threads

[ronin12] 24/12/2020 08:13

Breakout imminent in my opinion, L2 looking lovely.

[ronin12] 24/12/2020 07:53

LLB - Thank you, I have similar estimates too. Revenues of $175m and EBITDA of $72m, with debt down to $11m by y/e, and with cash/gold inventory of c$20m.

Throw in Karoussa and Dugbe - we will finish the year on a valuation disparity that’s completely bonkers. A phenomenal re-rate to fair value is due and with multiple milestones ahead, HUM is ideally positioned.

Technically, this is now a buy having firmly moved from the downtrend to a positive channel, so hoping for a good bounce to begin the re-rate. Gold now having another crack at $1,900!

[rickyhatton] 23/12/2020 21:23

"HUM anticipates this new set of drilling to be finalised shortly, and the data will be used to update our #Yanfolila resource models which we expect to release late Q1 2021 #gold #HUM #mining"

Difference from RNS is that it clarifies to "late" Q1


Pages 66/67!

[qs99] 23/12/2020 17:37

Thanks LLB, really useful

Merry Christmas one and all Hummers!

[laurence llewelyn binliner] 23/12/2020 17:29

That is a bit more like it as the penny starts to drop here with just a half days trading XME tomorrow..

Small Q4 revision estimate as we close in on another year end..
FY 2020 AISC 1064/oz | sale price achieved 1755 | margin 691
Estimate 103-105,000 ounces | EBITDA USD71 - 72.5M..

Q4-2020| USD 9M Cash | Gold USD 9M | debt USD -11M (reduction of USD -8M)
Q1-2021| USD 9M Cash | Gold USD 9M | debt USD -3M (est reduced USD 8M)
Q2-2021| USD14M Cash | Gold USD 9M | debt zero (est added USD 5M to cash)

Zero debt from mid May 2021 and onto Kouroussa build from cashflows... :o)

[plat hunter] 23/12/2020 15:32

'Channel break out' buy signalHttps://www.tradingview.com/x/SspEdZ5T

[plat hunter] 23/12/2020 14:59

Lol George, you will always be able to say that about anything.They're not exactly comparable though are they?

[ukgeorge] 23/12/2020 14:38

Not as good as BMN, ;)

[plat hunter] 23/12/2020 12:50

Good day today

[plat hunter] 23/12/2020 12:44

Farrugia.Gold is building a huge buy signal on the monthly where as btc is building a huge sell signal on the monthly with it's it's 3 bearish soldiers.BTC's previous 3 bearish soldier patterns have ended up in a circa 43 degree correction over an average of 8 bars. That takes it down to 10800 usd if it repeats.

[farrugia] 23/12/2020 12:33

Why do you think gold is going to fly in january? I'm a believer in gold but bitcoin has so far proven to be the much better horse.

[lasata] 23/12/2020 12:19

At last some decent news..........

[plat hunter] 23/12/2020 12:00

Here we go...Buy volume picking up in advance of YEAll aboard the choo choo

[cinoib] 23/12/2020 11:59

Well lets hope Hum flys with it. So fasten your seatbelts and prepare for take of.

[bikwik] 23/12/2020 11:24

Yes, I agree with the last two posts!

[plat hunter] 23/12/2020 10:38

Check the Bullish Harami pattern on the monthly gold chart.Gold is going to fly in January, imo

[bignads] 23/12/2020 10:30

Looks like we may have found a bottom in the share price after all the institutional selling.

Year-end should put an end to II selling. January should see this fly.

[laurence llewelyn binliner] 23/12/2020 09:37

Some very good gram metres there, and some very exciting words used with the pictures,
Porphyry with a (?)... and that could mean VMS.. and they are usually massive and why the drilling into those holes (RC0338) has now been extended..

'Due to new zones of mineralisation intersected and the improved grade continuing at depth, the Company has extended its SE drilling campaign'..,our head geologist must be twitching about now, great finds.. :o)

[ronin12] 23/12/2020 08:18

Drilling results out - some exceptional grades with new mineralisation deposits noted that will be used to plan next year’s drilling. Clearly they’re hitting gold at SE.
They’re also planning for drilling at Karoussa, so maybe the mining permit is possibly due sooner than we think?

[plat hunter] 22/12/2020 19:58

borderterrier122 Dec '20 - 16:38 - 9667 of 9671 (Filtered)

0 1 0
Ronin1222 Dec '20 - 16:41 - 9668 of 9671
0 1 0
Border Terrier, I rest my case. You sir, are a waste of my time. Gl!
borderterrier122 Dec '20 - 17:29 - 9669 of 9671 (Filtered)

0 0 0
Ronin1222 Dec '20 - 18:53 - 9670 of 9671
0 0 0
Border Terrier, give it a rest son - it's getting tiresome. My last post to you, take care.
borderterrier122 Dec '20 - 19:42 - 9671 of 9671 (Filtered)

[borderterrier1] 22/12/2020 19:42

Ronin12 Of course, anything to oblige. I'll look back here just after Christmas. As Plat Hunter says, not long before we have a 10 bagger here and the re-rate will happen "quickly". Before you get excited, I mean Christmas 2025 of course. Marry Christmas and Good Luck.

[ronin12] 22/12/2020 18:53

Border Terrier, give it a rest son - it's getting tiresome. My last post to you, take care.