Hummingbird Resources Share Discussion Threads

[johnhemming] 30/3/2021 06:52

More Dugbe info:


TORONTO, ONTARIO -29 March 2021 – Pasofino Gold Limited (“Pasofino” or the “Company”) (TSXV: VEIN) (OTCQB:
EFRGF) (FSE: N07) is pleased to announce that Hummingbird Resources (Liberia) Inc. has received results from a
further twelve holes drilled at the Dugbe F deposit. Dugbe F is one of two deposits on the Dugbe Gold Project, in
which the Company has an option to earn a 49% economic interest (prior to the issuance of the Government of
Liberia’s 10% carried interest).
Highlights
 Results for intersections of the flat-to-gently dipping main mineralised layer in 12 ‘new’ holes-Table 1, and for
a previously partially reported hole DFDC338 include:
o 43.5 m grading 0.85 g/t gold from 52.0 m in DFDC349
o 12.7 m grading 1.64 g/t gold from 83.9 m in DFDC339
o 32.1 m grading 1.45 g/t gold from 86.9 m in DFDC338
o 12.7 m grading 1.51 g/t gold from 88.0 m in DFDC346
 Of the 19 holes drilled at Dugbe F since January 2021, 18 have intersected the main mineralised layer,
supporting the extensive and relatively shallow sheet-like form and extent of the deposit.
 30-40 metre drill intersections in the southern part of the deposit are newly interpreted to be due to repetition
of the gold mineralised layer - this has the potential to impact positively on the Mineral Resource Estimate.
 The current infill drilling is aimed at ‘upgrading’ a large portion of the Inferred Mineral Resource Estimate to
Indicated. The current Indicated Mineral Resource Estimate for Dugbe F is 5.8 Mt with an average grade of 1.46
g/t Au containing 273 k oz gold. The current Inferred Mineral Resource Estimate is 16.3 Mt with an average
grade of 1.57 g/t Au containing 823 k oz of gold.

[ukgeorge] 29/3/2021 13:33

Good anology BIKWIK, HUM is like a bungee jump accident. Lets hope the bungee jump manager, never gets to manage another jump. At least Dugbee is in safer hands.

[plat hunter] 29/3/2021 11:25

Stick your bollinger bands on BIKWIK... I'm not so sure when else they've been this tight after a downtrend.When that bungee chord snaps back, it's going to be awesome.

[bikwik] 29/3/2021 10:41

Thanks Napoleon. Yes it does stretch things out. Trouble is any smaller chart makes it more difficult to see.

Its amazing how many people including techies don't know what a golden cross is. Glad you put the guy right on ALT. Agreed...both have to be rising. Of course we don't have the luxury of a golden cross on HUM, maybe we'll get one later on.

Meantime, we are so extended beneath both the 50 and 200 day m.a's which are falling. The simplest way to describe the current position of HUM is like a bungee jumper held back from catapulting higher by his trapped leg in the branch of a tree on the valley floor.

Just waiting for the branch to break. Or some kind soul to give him a helping hand. Desperate Dan?

[plat hunter] 27/3/2021 16:26

Mere technicalities John.

[napoleon 14th] 27/3/2021 13:46

BIKWIK - very interesting analysis. Only one problem; the size of the chart which not only stretches out your text but every other text on the page (20 posts).
When that happens I "go to" the post following yours, or 21 posts earlier!

I agree; HUM won't be this cheap for much longer.
It always was a long haul but the wait will have been worth it.

[johnhemming] 27/3/2021 12:59

>24p paid yesterday stateside.
The spread, however, is 20.6-24p (ish)

[ukgeorge] 27/3/2021 11:00

So the update on R&R should land on Monday or Tuesday. (according to the recent interview)

[plat hunter] 27/3/2021 10:09

24p paid yesterday stateside. I wonder if Border is adding lol

[plat hunter] 26/3/2021 13:37

MPH to KPH Jap import lovers no what I mean

[bikwik] 26/3/2021 12:39

There is significant evidence that Hummingbird posted a major low on the 1st March at 19.625p.

Collective sentiment I would suggest hit rock bottom around about then. It seems now that sentiment is very slowly starting to become less negative, though still in the red. That too can be said of gold which bottomed 5 days later on the 8th March.

I used to think that price was the most important thing to consider. While that is undoubtly important the more important thing to consider is time, or from an investment angle....timing.

As far as HUM is concerned it looks like we have reached the right time for investments or trading positions to be instigated. I think it was this week when I posted a chart showing that time was up based on two alternate ratios of 1 and 1.5 virtually coinciding in the first week of March.

Further to that I have annotated the chart with Fibonacci time periods that virtually cover the entire period shown. These are taken from Fibonacci number sequence 0,1,2,3,5,8,13,21,34,55,89,144,233 etc.

.618 and 1.618 come from the ratio of two adjacent sets of numbers.....144/233 = .618 and 233/144 = 1.618.

Anyway I digress slightly.

The point is that periods of uplegs, downlegs and between two highs and two lows fit one of these Fibonacci numbers. The time periods of 8 weeks and 13 weeks crop up a lot. More than enough to conclude that this is more than a coincidence.

Therefore, the latest 8 week decline (which was preceded by a 5 week rally...thus giving 13 weeks between two lows) suggests a rally to follow. This could last 5, 8 or 13 weeks, possibly 21....you get the point.

Given that the end of this 8 week decline coincides with the 20/30 week low (in blue lines on the chart)and virtually the 61/30.5 week low (also blue lines) that suggests quite strongly that this is a key time turning point.

Lastly, this is 91 weeks from the key low of 4 June 2019 of 12.375p. While 91 is not a Fibonacci number it is pretty close to 89 which is.

Well look I don't know what desperate Dan is going to come out with at the end of this month/early April or anything else for that matter, but as far as the chart and timing issues are concerned it would appear that the odds suggest the response will be to turn the trend back to the upside.

Here's the marked up chart and a quite amusing video on Fibonacci amongst other related things. I thought the piano playing cat was good!




free stock charts from uk.advfn.com

[borderterrier1] 25/3/2021 22:05

Plat Porker I need help? I'm delusional? Really? Don't forget it wasn't me that said this would be 40p before the end of the month.....three months ago. Oh no, that was YOU wasn't it Fat Grunter! LOL

[plat hunter] 25/3/2021 21:13

Lol so if it's no longer a mud field then that's quality and if it's cheaper than a mud field, would that not be value?You're delusional Border, commentating from other websites and forums with ill thought out contradictions and logic. You need help fella, with English if nothing else.

[borderterrier1] 25/3/2021 18:28

Plat. Please read BB's post. How could anybody try to suggest the Hum shares are "quality and value" when after 5 YEARS the share price is half of what it was a s a field? What is there to understand?

[plat hunter] 25/3/2021 17:49

It'll come ;-P

[jbravo2] 25/3/2021 17:46

Turns out I was as accurate as you’ve been
:D

[plat hunter] 25/3/2021 17:29

That volume dried up then

[plat hunter] 25/3/2021 17:28

What in the scooby are you on about Border?

[borderterrier1] 25/3/2021 14:05

Meanwhile, over on the LSE bb (as the share price sinks lower) BushyBetts asks:- "Could quality and value be the key to shares in Hummingbird resources" ????? QUALITY and VALUE? Don't you have a DICTIONARY? I don't know what you are on BB, but do us all a favour and try taking half as much next time?

[plat hunter] 24/3/2021 15:27

Could have sold it to anyone really, there's loads of Insti's here

[lasata] 24/3/2021 14:56

I reckon SC sold out stake to Ruffer....

[lowtrawler] 24/3/2021 14:37

Yep, strong volume and finally heading in the right direction. Either we've been tipped somewhere or a leaked announcement is going to be made.

[lasata] 24/3/2021 14:27

Something brewing here.......

[plat hunter] 24/3/2021 10:13

Time is relative Bravo.. I Probably wasn't the only one to get caught out by the faux signal at 25p back in Feb. I didn't use stop losses this time and I just kept adding. Problem is i lost more than I added lolJust look at how tight the standard deviation is here now though, fasten your seat belts i reckon ;-P

[cinoib] 24/3/2021 10:05

See rsg got a nasty letter this morning and looks like the cards are on the table. Feel sorry for those holding as not a very nice thing to do, might be worth shorting for those who short, no not me, never have never will.