Hummingbird Resources Share Discussion Threads

[chipperfrd] 25/6/2021 16:00

As CEY has already been introduced to this thread - I will add my two-pennyworth!

First bought it in 2001/2 @ 7.5p and had to wait until 2010 for first production. But it then sailed up nicely for a 20-bagger before a big dip over the legal challenge to it's license area - so had the opportunity to buy back in all over again and received some pretty tasty dividends along the way.

Similar story to many new developers and emphasises the patience required for payback from PM miners.

HUM may or may not have a similar story - but it is still early days and they are still at a very early stage as a producing miner - and very lowly valued!

Frankly, IMHO they remain a very good investment proposition.
Chip

[sleveen] 25/6/2021 15:20

350k shares buy (£70K), might that be SC rebuying?


Correct thread this time.

[golden prospect] 25/6/2021 14:40

Buyers pay full 19.2p, last of the cheap stock?

[cinoib] 25/6/2021 14:18

Just seen that rns, and doesn't seem that bad to me. 14 years at roughly 188,000 oz per an, seems fair especially as the gold price used to calculate is below present price and over all gold is going one way and that is up, eventually and as I speak,(write) is on a runner up $14 now. Hasn't done a fat lot for the share price though.

[plat hunter] 25/6/2021 11:00

Anything but worried here seadiver

[golden prospect] 25/6/2021 10:33

Seadiver, your sideline position is an interesting stance.

Triggers on my watchlist are SC 0%, although it would never surprise if that doesn't happen and they reverse to go long. Being below radar is great. They have been the main share price down-driver despite poor Q4/20. Clearly Cassidy saga is distracting, but HUM already have the Kouroussa asset and are progressing on this. Perhaps it's the royalty they are after given term changes. News pending.

Another thought is just ignore the above and look at RSI 10 day. In oversold territory and looks positioned to advance. May be traders are just waiting for volume!

[laurence llewelyn binliner] 25/6/2021 10:20

#jongreenfingers, it is true that CEY have had their setbacks and surprises, none of which are unique to CEY though, that is just how mining is, 1 of which caught me there too in 2018/19..

However, their share price has moved up 10 fold in 15 years, plus the cumulative dividends paid out, so the compound could be more like 20 fold..

By contrast HUM have achieved a -90% reduction in their share price in 10 years with zero dividends to date..

The new projects are fantastic to have, but will not add anything to the share price until they are funded, which means debt for another 5 years and quite likely nil dividends..

HUM are in the best position they have ever been in with zero debt currently, the Q2/H1 results early August will set our stall out and we can see the revised ounces produced trend, corresponding AISC and cash/gold positions..

I watch with great interest as the story unfolds, timing of events start to shine though as SC clear, and chose my timing to add..

[seadiver] 25/6/2021 10:03

I myself waiting on the sideline for the right entry point.

[replicas1967] 25/6/2021 10:02

I’m going exactly that PH
100k Qty shares so far !

[seadiver] 25/6/2021 10:00

There will be plenty supply of shares don't worry!

[plat hunter] 25/6/2021 09:41

I hope we keep this price until next Thursday, when I'm topping up my ISA with a couple of G.

[golden prospect] 25/6/2021 09:07

100Koz/yr "debt free" producer

Market doesn't value HUM fairly, and certainly ignores Dugbe and Kouroussa

Value investors are going to love the bungee correction.

[sleveen] 25/6/2021 08:17

PH

Thanks for the Youtube idiot's guides.

Very useful for this idiot ;-)

[borderterrier1] 25/6/2021 00:22

Plat Plonker Any time now Del Boy will give another Vox interview to let all the gullible investors know what a great investment this is. Then the share price will drop further. Are you sure we're the "loonies"........... not you?

[plat hunter] 24/6/2021 21:44

Added more today gents, see you on the other side loonies

[jongreenfingers] 24/6/2021 21:44

Sorry LLB, As a long suffering CEY holder, I must disagree with the picture you paint of a perfect stable world there. Just a year ago their main producing asset at Sukari got kicked in the nuts with geological activity. All work got immediately halted without notice and with no clarity on a way forward and the share price got hammered by 20% in a couple of hours of the announcement. The affected sections are still not operating. Also Egypt has not been a stable political environment for 20 years. Far from it. I would not hold them up as the poster child of low risk gold mining.

[plat hunter] 24/6/2021 21:40

How much phantom discount do we have?

[plat hunter] 24/6/2021 21:38

Stalker says more than Betts.HUM isn't going to fund the 400m at dugbe they're literally dressing the bird for the oven and someone else is going to cook it and eat it.The real question is at what price does hum go for?

[borderterrier1] 24/6/2021 21:35

Plat Hunter As someone who has invested successfully for many years, here is some advice for you.

Sorry, but you really do need to realize that B/S rules the roost here. I admit I was taken in and I am prepared to lose the $50,000 I still have invested because I can.....but others are not so lucky. They read the intentional blatant lies and deceit from those "in the know" and are repeatedly sucked in. There is a steady stream of "investors" hoping to make something here...... but it never happens. Meanwhile the management and the man at the helm continue to line their pockets handsomely..... even though it is obvious now that this particular ship is being steered in the wrong direction.

The market is no longer the place it once was and because of this, honest research these days with many stocks, especially AIM stocks, is impossible. I should have sold all my shares when the share price briefly touched 40 p some time ago but at that time, nobody wanted all the shares and the next day the share price dropped again. I look forward to another lift....if it ever comes. If it does I will immediately bail out. You should do the same.

[corrientes] 24/6/2021 20:50

Plat - Your inability to be clear and articulate, even on a thread like this, is all part of your mental condition. You are jumbled up, both internally and externally. This is becoming children's playground stuff so no more from me, but I hope for your sake that your beloved HUM does come good, though I'm afraid the prognosis isn't terribly encouraging at the moment.

[laurence llewelyn binliner] 24/6/2021 20:01

#Pireric, have to agree, using a NPV5 is optimistic at best, CEY is a good example to use for a comparison on the discount rate, as CEY / HUM have next to nothing in common apart from being gold miners, they are part state controlled/owned, payout 30% of their net cash flow in dividends in a stable jurisdiction and have been doing it for 30 years..

I can see the investment bankers faces now when presented with an NPV5 investment case and numbers for a start up JV in Liberia.. :o)

Nice to see a PEA, but a more sensible discount would be 8/10%, we will need to wait for the DFS at year end or early 2022 and see where they go with it next as a project and the USD400M needed to build it..

[charlie9038] 24/6/2021 19:36

Strong Financial Metrics

o Pre-tax NPV5% of US$825 million (US$627 million post-tax), 34% IRR (31% post-tax) at a gold price of US$1,600/oz

o Pre-tax NPV5% of US$1,153 million (US$874 million post-tax), at a gold price of US$1,800/oz

o Fast capital payback of c.2.9 years from start of production

o LOM Cash flow of US$627 million*

o LOM AISC of US$893/oz and US$821/oz cash cost

· Simple Project with Economies of Scale

o LOM strip ratio of 4.5:1 highlighted by a low strip ratio of 2.8:1 in the first four years

o Low power costs of US$0.18/kwh, with opportunities for long term savings with alternative sources

o Significant community support built over 10+ year history of the Project

[plat hunter] 24/6/2021 18:59

DYOR Here's an idiots guide to....


Net Present Value (NPV)



Internal Rate of Return (IRR)