Hummingbird Resources Share Discussion Threads

[plat hunter] 14/9/2021 19:56

There won't be a TR1 from SC unfortunately as it's less than 3%

[laurence llewelyn binliner] 14/9/2021 19:22

#Temujiin, if correct then it is business as usual at Yanfolila in the rain, POG took a little lift after the US inflation CPI numbers, so I wonder if SC have cleared completely now and sold their last 2.56% from the last TR1..?

[temujiin] 14/9/2021 18:54

From LSE poster Panda1, obv I cant verify the report but may be of interest.
==================

Another shareholder I am in touch with got a brief reply from the company which said there haven't been an adverse weather related events that have impacted production (unlike last year) and reiterated 2021 production guidance of 100,000 - 110,000oz of gold, with AISC of US$1,250 - 1,350/oz .

[dickbush] 14/9/2021 16:18

A less-than-forecast increase in inflation was seen as giving Fed officials more flexibility when it comes to pulling back on stimulus. Bloomberg.

I.e low inflation delays Fed tightening. So, the Dollar weakens and gold goes up.

Na-Nu Na-Nu to Ork

[plat hunter] 14/9/2021 15:35

Explains a lot Bishani... good luck with whatever strategy you're running.

[bo doodak] 14/9/2021 15:08

One does wonder if there is some remnant of that fateful decision to 'optimise' the pit wall angle coming back to bite them once again in the bum.

[laurence llewelyn binliner] 14/9/2021 14:48

TBTT, 20.07.2021 RNS..

Wet weather protocols, procedures and mitigation strategies are in place given Hummingbird's experience last year of the extreme weather events that occurred in Q3 2020..

We will shortly find out how effective these are/were.. :o)

[tigerbythetail] 14/9/2021 14:12

Hi LowTrawler!
No inside information, but I think you're spot on. From public sources you can work out that the rainy season is a very rainy one this year in HUM's part of Mali.
Also, I think concerns about the stability of Mali are playing a part. The French are pulling out half their troops, and the insurgency continues to be active in central Mali.
I'd think Kouroussa is on hold whilst the smoke clears after the military coup. I also consider Dugbe to be worthless (because IMO it will never get financed). But even for Yanfolila alone, HUM is now impressively cheap. I'd never have thought the share price could go so low. But here we are.

[dickbush] 14/9/2021 13:34

In August, the Consumer Price Index for All Urban Consumers rose 0.3 percent on a seasonally adjusted basis; rising 5.3 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.1 percent in August (SA); up 4.0 percent over the year.

One for the bears.

Food up 4.0% y/y. More to come.

[tens machine] 14/9/2021 13:08

In turn Money is leaving the mining sector

[dickbush] 14/9/2021 12:17

Energy prices are skyrocketing as economies emerge from the pandemic. Bloomberg.

[bishan bedi] 14/9/2021 11:40

Plat Hunter - Bishani... Do you know what the accumulation/distribution index is?

No I'm afraid I don't. It is a condition that inverts the vision?

[wskill] 14/9/2021 11:35

This rainy season does not look as bad.

[plat hunter] 14/9/2021 11:34

Looks like cyclical capitulation to me Lowtrawler, this happened to CEY the other day and Poly more recently still.SHG is about my best pm performer at the moment

[lowtrawler] 14/9/2021 11:29

12 month low. Can't help feeling that the rainy season may have impacted Yanfolila adversely and someone in the know is trading accordingly. If we had fallen to this level following the coup, I wouldn't have thought twice but it would be a delayed reaction to consider that to be the reason now.

[replicas1967] 14/9/2021 11:15

Just bought another 25k shares @ 17.39p
Got 100k shares now average 20p (ish)

[plat hunter] 14/9/2021 11:02

Bishani... Do you know what the accumulation/distribution index is?Just keep doing what the rest of the trolls are busy doing... (Adding)

[bishan bedi] 14/9/2021 10:56

Time for an updated chart platters?

[5teadyeddie] 14/9/2021 10:25

Re Kourassa funding: with an EBITDA of >$40m pa and a capex cost of $100m for Kourassa, the 'equity' element comes from cash flow over a year or so and the borrowings should be far more limited than the max 70% discussed above.

Some cash will need to be spent on maintainance capex at Yanifolila, and some on drilling to prove up more resources, but there should be plenty over with a steady state POG.

[dickbush] 14/9/2021 10:21

It's pretty disappointing watching HUM's share price but it isn't alone in the gold sector.

Decline from 18 month peak

Hummingbird -56.0%
Resolute -71.2%
Centamin -59.8%
Hochschild -51.7%
B2 Gold -51.0%

[lowtrawler] 14/9/2021 09:49

If you look at where prices are rising fastest - food, utilities - they are essentials which will have a disproportionate effect on the least well off. Couple that with higher NIC and removal of the additional £20 UC, workers will be demanding huge pay increases. There is no question we are in an inflationary cycle and it is not transitory.

At the very least, I expect we are heading towards 7% CPI within the next 18 months and probably touching double figures. If governments don't react, they will lose control of inflation and it could go far higher.