Hummingbird Resources Share Discussion Threads

[dickbush] 12/5/2021 10:28

Under the heading of "every little bit helps"

[cinoib] 12/5/2021 09:53

BIKWIK, you can always do what I have done and move to Portugal, house prices here are about 1/4 that of the U,K, and a building plot, about 1/20th . So you can sell up in U.K. buy a similar house here and live of the difference quite easy. Rates, well free for 8 years, then about `/10th U.K. and water the same equation. So I don't even worry about it as my pension goes a long way here and you get the sun as a bonus.
Looks like RSG is recovering better than we are.

[temujiin] 11/5/2021 23:45

Rising gold price will certainly help HUM, but for the time being any good news will likely be used by SC to off load the remaining 9m shares, which now to me I'd regard as a relatively small 2.5% overhang.

Things should turn quite positive for HUM in the coming quarters(barring a significant unknown issue) so back over 30p later this year shouldn't be too much of an ask, and then after bouts of consolidation, we can start looking at getting back into the 40's.

[plat hunter] 11/5/2021 22:19

And an increasing gold price, too.

[borderterrier1] 11/5/2021 21:48

Plat Hunter With this? Sure they do. LOL

[temujiin] 11/5/2021 21:29

Just seen the RNS re SC and they have shedded more than I thought. Doubt we will hear from them again as it seems reasonably clear they are selling out completely with their profits.

9m is still going to be a drag on the share price if they do sell out, but the end game is close and once a persistent large seller is out, the share price often recovers upwards quickly. Depending on company news flow and demand, SC could easily be gone before Q3 which bodes well if it coincides with production increases, reduced AISC and Kouroussa licence.

[plat hunter] 11/5/2021 19:35

Technicals very much apply Border

[borderterrier1] 11/5/2021 19:11

yes. But it doesn't apply to this.

[plat hunter] 11/5/2021 17:44

So no then?

[borderterrier1] 11/5/2021 17:21

Plat Hunter. I have seen this before with this, many, many times. Nothing would please me more than to see this take off and do what many have predicted over a long period now but unfortunately, it never does. And I absolutely don't have an axe to grind with any of the investors who continually post their convincing "information" on here. They are entitled to their opinion but unfortunately, they all eventually sell and move on. I am not convinced that this will ever get above the 40p range.

[plat hunter] 11/5/2021 16:33

Bit of a difference in volume Border, 900k sold today versus the 10.7 million bought over the 3 previous sessions.We all know you struggle with the fundamentals but surely you have some technical knowledge?

[johnhemming] 11/5/2021 15:22

LowTrawler - I don't think we disagree save that there is additional money printing going on in the USA in the sense of another cheque going out last week. Whether there will be a fourth or not we don't know yet.

[lowtrawler] 11/5/2021 15:06

JH, the liquidity you mention is what has catapulted markets to their highs. The liquidity has resulted from the years of money printing and now exacerbated by the personal savings built up during lockdown.

In previous cycles, the liquidity has gone into consumption and so fuelled inflation. The past 12 years have been unusual in that liquidity has gone into the markets and so fuelled market values / depressed bond yields. In my view, that's a bubble which is about to burst. I believe the liquidity will now move out of general investments and into commodities / consumption. It will fuel inflation and raise commodity pricing to new highs.

I totally agree that now is not the time to hold cash but nor is it the time to hold general investments, particularly technology. HUM is highly geared to the gold price and so IMHO there are few better places to currently invest.

[polaris] 11/5/2021 14:23

Agree - the winking face is never enough is it? The comment was definitely tongue in cheek from me.

[johnhemming] 11/5/2021 14:19

@polaris - What I try to do is to have an idea as to fundamentals on the long term. The short term is always a bit erratic.

I think it is better to make a guess than just avoid it, but I am not trading on that.

My assessment of the UK is that it is moving from responding to the hope of recovery to measuring the outcome of recovery, but today is for some reason a bit moody. The fundamentals seem OK and I don't think it is a good idea holding cash at the moment.

[borderterrier1] 11/5/2021 14:18

jbravo2 Do you still get Wagon Train on your TV? Because I think your computer must be out of date. Mine says this is going DOWN. There's a surprise, eh?

[lowtrawler] 11/5/2021 14:16

polaris, we should be used to gold following the market down at the start of a correction. Give it 2/3 weeks and the climb will commence. Similar to last year, I think the initial run can be rapid and I won't be surprised if we reach $2100 by end June. After that, it's anyone's guess.

[polaris] 11/5/2021 14:03

@johnhemming - isn't it always the way? Say something and the market decides to do exactly the opposite. ;-)

[johnhemming] 11/5/2021 13:54

Although I am a tech entrepreneur I do think tech has a tendency to be overvalued (although Amazon, Alphabet, Apple etc are generally well run companies). However, we will see where that is going at 2.30pm today. Hence I can see that area suffering.

My guess personally is that it will pull back up. I think that there is basically too much liquidity around for otherwise.

In the mean time, however, the circumstances do tend to point to an environment in which POG goes up rather than dowen.

[lowtrawler] 11/5/2021 13:01

Polaris, the poles are all aligning for Gold: Inflation; Money printing; Low interest rates (and an inability to raise them). If those are joined by: a market crash; crypto-currency collapse, and; civil unrest - who knows where gold could land?

[lowtrawler] 11/5/2021 12:55

LLB, agreed. I can happily believe anything up to 20% annually but hyper-inflation in the major economies would herald an end to fiat currencies.

[polaris] 11/5/2021 12:55

I'm OK with SC still reducing. They only have another 9 M maximum to sell...from over 30 M at peak. If you look at buy and sell timing then they have made a decent return. share price has suffered but there is buying pressure mopping it up, albeit slowly. When the selling pressure stops then the share price will rise - simple supply and demand dynamics. If HUM can actually deliver professionalism and steady-state ops this year, walk the walk AND talk the talk, that adds to the buying pressure. That'll go to a new level if HUM can get the license sorted and the contracts out for the second mine.

I'm not ruling out new 2-year+ highs in H2 at current pog, never mind projecting forward from some of the pog numbers that pundits are floating out there by YE.

[laurence llewelyn binliner] 11/5/2021 12:49

#lowtrawler... forgetting RPI/CPI numbers, but real cost of living rises are 8/10% right now.., while the Gov measurement tools report 1.5/2%..

How high can it go..? hyper inflation I do not see, but as rising commodity prices rises filter through into everyday consumables, it has room to go a lot more yet, so when 3% is reported the real numbers could be 15% easily before interest rates get close to rising to stamp on it..

US commentary is they are happy to see inflation overshoot 3% before doing anything about it..