Hummingbird Resources Share Discussion Threads

[nickwild] 20/1/2021 22:57

What does this report mean in terms of possible mine output? Gold levels do not seem to be very high. Is 86.8 a mistake?

[plat hunter] 20/1/2021 22:24

86 grams lol

[temujiin] 20/1/2021 22:05

News from Cora, 11.36% owned by HUM
===========

Cora Gold Limited Further positive drill results - Sanankoro Project

20 January 2021

Cora Gold Limited ('Cora' or 'the Company')

Further positive drill results at the Sanankoro Gold Project

Cora Gold Limited, the West African focused gold company, is pleased to announce further drill results on both the Dako II permit ('Dako II') contiguous with its flagship Sanankoro Gold Project ('Sanankoro' or 'Project') and the Tagan permit ('Tagan') adjacent to the north of the Hummingbird Resources Plc ('Hummingbird' AIM: HUM) Yanfolila Mine, in southern Mali. The Dako II drilling, which lies immediately to the south of Sanankoro, builds on the discovery made there last year (see announcement on 29 July 2020 for further details). The Tagan drilling is the follow-up of a small rotary air blast ('RAB') programme drilled June 2019.

To view the RNS with illustrative maps and diagrams please use the following link:

Highlights:

Dako II preliminary results include:

o 9m @ 2.74 g/t Au in hole DC0035

o 21m @ 1.48 g/t Au in hole DC0030

o 21m @ 0.75 g/t Au in hole DC0031

Previous intercepts included:

o 3m @ 86.8 g/t Au in hole DAC0005

o 12m @ 1.52 g/t Au in hole DAC0007

o 55m @ 0.50 g/t Au in hole DAC0008

[plat hunter] 20/1/2021 17:11

This is looking good for another little run

[rabiddog] 20/1/2021 14:14

Ditto. Just bought 21k shares. Look safe barring political turmoil. Mali being the safe non corrupt place it is...at least it’s 1 place above Russia on the corruption index.

[sleveen] 20/1/2021 06:49

Bought 30k @31.6p yesterday am.

[plat hunter] 19/1/2021 19:26

Not problem at all, the more the merrier whilst I'm long ;-P

[scooper72] 19/1/2021 18:09

Thanks for the tip via the SLP board. Took a few this afternoon just before it moved up 3.4 percent.

[plat hunter] 19/1/2021 17:16

Gotta wonder what risks, other than geopolitical. Trading at book value, printing cash, debt free by May and progressing other licences with low capex

[dvb99] 19/1/2021 16:44

HUM is on aPE of about 4 currently, according to Stockopedia, and then <3 for 2021 & 2022
To me that means everything -ve is already priced in.
High risk, but potentially very high reward

[bikwik] 19/1/2021 15:29

I try not to hope. If i'm right i'm right if i'm wrong i'm wrong. If i'm wrong I would have missed something, I don't think I have. GLA

[qs99] 19/1/2021 15:20

Let's hope you are right on the charts!

[bikwik] 19/1/2021 15:09

free stock charts from uk.advfn.com


And


free stock charts from uk.advfn.com

[aimsurfer] 19/1/2021 10:52

Unfortunately including two fatalities and mining operations at Vein 25 suspended. Just shows that you can't control everything in mining.Our cowboys in Mali will mine many more ounces and generate far larger revenue but interesting comparison. HUM with clear pathway to 200k oz production and with Dugbe upside, don't know TSG well enough but Mali risk is enough for me don't need to add Putin and his cronies to it.

[plat hunter] 19/1/2021 09:48

Decent volume today lol

[ukgeorge] 19/1/2021 08:37

This is how a proper mining company reports

[borderterrier1] 18/1/2021 16:34

Moljen. More rain than there was when I lived there sounds depressing. Much of Colorado, Wyoming, Montana and New Mexico is now owned by Asian investors, the locals call it the "Asian Invasion" Pre. Covid Yellowstone and Grand Teton National Parks are impenetrable due to the influx of Asian tourists that ignore the rules. Most of the water problems here are caused by all homeowners wanting an automatic landscape irrigation system. I live on a lake, so I don't have that problem. I don't like helicopters, one of my friends owns a Mercedes Eurocopter and I refuse to fly in it. BTW I sent you a PM with a stock pick.

[plat hunter] 18/1/2021 15:36

Inglewood ain't a boast BT, lol

[moljen] 18/1/2021 15:10

The walk and history of it is interesting so thank you and enjoy. Afraid my road trips to the states are generally Colorado or the West Coast from Big Sur all the way up to the San Juan islands as detest LA.
One thing I would say is after the last one when up by Crater Lake in Oregon and the temp was still over 100 when the snows should have been starting on the peaks I fear the US is going to suffer rather more from climate extremes than us back in blighty who appear are just going to have more rain. My airports are Seattle and Vegas when I do West Coast so as I can get to places like Death valley and expand trips to more than the PH - I've now 20 years experience of Lake Meade by helicopter and there would appear to be a serious water situation developing over there for several of the SW sates

[charlieeee] 18/1/2021 13:19

It might be cash negative if in addition to the quarterly debt repayment, they paid for the exploration campaign and incurred up front costs on Kouroussa.

Obviously, nothing paid for Dugbe, other than the extension of the area, obtaining the Central Licence and that made perfect sense, given the proximal location to Dugbe/Tuzon and existing exploration data. There should be a reduction in administration costs specific to Dugbe, as these are all now picked up by Pasofino.

[laurence llewelyn binliner] 18/1/2021 13:15

30,282 oz of gold poured in Q1 2020 | 24,575 oz sold in Q1 2020
24,054 oz of gold poured in Q2 2020 | 31,520 oz sold in Q2 2020
24,722 oz of gold poured in Q3 2020 | 23,794 oz sold in Q3 2020
79,058 oz poured YTD at Q3 2020 | 79,889 oz sold YTD at Q3 2020
93,000 oz total ounces poured at the end of November
October 7,000 ounces
November 7,000 ounces
December 7-10,000 ounces (but could surprise as we did see higher in Q4-2019)
Q4-2020 | 21-24,000 ounces estimate
FY2020 100,000 - 103,000 ounces revised estimate
100,000 oz of gold sold in 2020 at an average price of US$1,756/oz estimate
Total Group Sales of US$175.6M estimate
EBITDA of US$61M estimate

FY 2019 produced 115,649 ozs
112,686 ozs of gold sold in 2019 at an average price of US$1,377/oz
Total Group Sales of US$156.9M
EBITDA of US$54.5M

[borderterrier1] 18/1/2021 13:03

Oh nooooo! The thought of Newky Brown may just have persuaded me to take the plunge and move back over there, but I guess I will need to spend my money on Boston larger instead? But the weather here is still a bonus, 67 today and cloudless skies. Can't beat that with a stick can you? River walk in San Antonio here I come. www.thesanantonioriverwalk.com

[ukgeorge] 18/1/2021 11:54

So what are people expecting for the q4 results?

I'm expecting the worst and think it might be cash flow negative.


20-22koz with high costs. Obviously the normal promise of an imminent improvement. Blah blah exploration data being analysed.... ..

Either way should see the drop in debt so only 2 more quarters until debt free.