Hummingbird Resources Share Discussion Threads

[plat hunter] 05/10/2021 11:01

RSG found a bid, up circa 17% from it's lows earlier last week.

[dickbush] 05/10/2021 09:45

Commodities Index Hits Record as World Rebound Meets Shortages.

Euro-Area Services Suffer From Inflation Spooking Customers Bloomberg


The US has only had negative real yields on the 10-yr Treasury for less than two years.

[plat hunter] 05/10/2021 08:10

RSG up over 4% this morning

[johnhemming] 05/10/2021 06:15

Gold miners are out of favour at the moment. It may take a pull back in tech to move the market to commodities. A lot of Fintech particularly is overvalued simply because there cannot be sufficient gross margin across the market (and hence profit) to warrant the aggregate valuations.




"All of which leads Shearling to conclude that we’ll see something akin to “financial repression”, when central bank policy kept debt repayments under control by keeping real interest rates (the nominal interest rate minus the inflation rate) negative, in the coming years:

"Between 1945 and 1955 the real yield on 10-year UK government bonds averaged around -2%. These ultra-low borrowing costs helped the public debt burden to be brought down gradually over time. The institutional backdrop is very different today. But a decade of quantitative easing has blurred the lines between fiscal and monetary policy. "

I think the same applies for the US, possibly even more so.

[buywell3] 04/10/2021 21:37

late action on CEY at the close makes me wonder if bigger holders are now seeing POG likely to weaken further even though it has tried hard recently to recover some lost ground due to USA market weakness

[borderterrier1] 04/10/2021 17:56

Lowtrawler I'm not the only one who doesn't trust them to deliver. Don't forget that in the past Del Boy has embarked on several schemes all of them "learning as he goes" to build his empire of a "multi faceted goldminer" and each time any profits have been absorbed by these schemes.....at the expense of the shareholders. Don't forget also that DB gets his large salary regardless of if he delivers "shareholder value" or not. I suspect that even if Kouroussa does well, something else will come up to spend the profits on...... once again at the expense of the shareholders. Perhaps in another 20 years you will see a return on your money. Don't forget also that DB has zero previous experience in the mining industry. IMO he's laughing all the way to the bank and extracting the urine with this......learning as he goes.

[lowtrawler] 04/10/2021 17:20

BT, it may not have given SH value to anyone invested from 2017 but there's nothing to stop SH value being delivered over the next 4 years. I can understand you don't trust them to deliver. Fair enough, but they do seem to be learning as they go.

Time will tell but they need to make a lot of mistakes for the share price not to grow from here (barring regional issues or pog falls).

[borderterrier1] 04/10/2021 17:04

Lowtrawler And that target price of 50p in 4 years would mean from "mine completion on time and on budget" in 2017 a total period of 9 years? If anyone here considers that to be "shareholder value" IMO they want their heads examined. That's why I came out and that's why I will continue to expose this as absolutely pi$$ poor "shareholder value".

[lowtrawler] 04/10/2021 16:55

BT, in my view, cash is going to be sunk into Kouroussa for probably the next 3 years. If successful, their ongoing cash flow will more than double. I expect the market will want proof of success before giving HUM credit. Hence, value will not be fully reflected for probably 4 years. I do expect a gradual improvement over the next 18 months as some of the regional issues unwind, Yanfolila comes under better control and progress is made on Kouroussa.

My personal target for the next 18 months, at a constant pog, is a modest share price of 30p. If they deliver on K, my target is 50p in 4 years. However, I'm partly invested in HUM as a bet on the gold price. As a relatively high cost producer, they are geared to pog. If gold were to hit 3000, my targets would double.

[borderterrier1] 04/10/2021 14:55

Lowtrawler I guess the key word here is "eventually" and many long term investors here thought the same as you. If what you say is correct, why didn't this move in the "good times?" Trading at less than 3x operating cash flow, where is the money going? In other words, how long IYO before the SH realize some investment value?

[lowtrawler] 04/10/2021 11:45

BT, I enjoy dipping into this thread to get your perspective of life. I'm a relatively new arrival to HUM and weighed up the poor management capability before deciding to invest. My assessment was that the underlying assets were going to generate sufficient cash flow to offset any slips and trips from the management team. As it happens, I joined at 24p and so am sitting on a loss. However, this seems mainly down to regional factors than any adverse management action. Unless management are keeping adverse news hidden, the assets seem to be generating the expected cash flow.

We have to accept that HUM operate in high risk jurisdictions which means they won't command the same valuation as other miners. However, I reckon they are trading at less than 3x operating cash flow. Unless some sort of fraud is happening, the cash generation will eventually be reflected in the price.

[borderterrier1] 03/10/2021 23:29

JSis The options ratios were 80% more call options to 20% puts, so I wasn't the only trader to see it coming.
Research with a co like Hum is virtually impossible because they only release the positives. Look at the glowing 72 report from Frank Campbell. They spent millions plugging the mining area under the instruction of "40 years mining experience in W Africa" to reduce the collateral damage from the rainy season. What happened? First rainy season and the lot washed away. Can't reach production figures so lets spend 11 million on another ballmill? Don't make me laugh. They obviously haven't a clue, hence the depressed share price

BTW I was shopping at Tescos and Asda last week because I was in the UK but my permanent residence is here in the US. Don't know how you guys find the money to live over there. Expensive.

[jsis] 03/10/2021 22:30

AAPL are killing themselves, how did you not see it coming ? Some of the best money is made by not following the crowd. You either have to think for yourself or simply think differently. Making money is simple. The M1 chip is Apples best hope at present but follows a similar path to the newer handsets. Whoever thought it a smart idea to create phones/products that cannot be repaired by the owners on any level is seriously misguided. I myself would avoid anything beyond the iPhone XR - several years old now on this basis alone - and I’ve been using their devices since as early 2005. Why spend hundreds on device that will cost hundreds to repair or require buying a brand new device for even the smallest fault ? It makes zero sense. Right to repair is a big deal and AAPL taking that off the table means buyers of their products are basically renting whilst paying ownership prices. It isn’t exactly green either is it ? The real question is, how were you so wrong listening to the guy/s you followed ? As you know, research is key - regardless of the case you’re investing in. Research, research, research. Chances are on this alone - you’d have saved yourself several thousand.

[dickbush] 03/10/2021 21:11

Bloomberg

U.S. Restaurants’ Fragile Recovery Is Fizzling
The rebound is threatened by soaring food prices and labor shortages.

How temporary is the pick up in inflation? Central bankers all singing from the same, wrong, hymn sheet?

[jsis] 03/10/2021 18:42

No worries BT, I just find it a little odd. It’s like doing your weekly shop at Asda whilst frequenting Tesco daily just to sit by the doors to warn shoppers of the dangers of the meat products possibly containing horse meat. There’s a singular word that summarises such behaviour. Life is too short mate !

[borderterrier1] 03/10/2021 18:31

Charlie9038 Please use spellcheck. I agree. I bet there are a few on here that wish they had put their filters on when 5 years ago Beaufort securities (at that time the Hum broker) convincingly gave this a target price of 60p and made the statement "Hum investors don't know how lucky they are" In the time I was invested here toothache would have been more fun. Any suggestions where they got their "information" from? Burning candles, Tarot cards and crystal balls perhaps?

[charlie9038] 03/10/2021 17:16

Talking of garbidge "Filter ON"

[borderterrier1] 03/10/2021 17:05

JSis I get a kick out of the "smart investors" that continue to spout complete and utter garbage but never really get it. Besides, it's my hobby? Sorry, got to go fishing now. That's another one.

[jsis] 03/10/2021 16:35

BT, question. You’ve clearly stated you don’t hold shares in Hummingbird, so what’s the deal with spending your weekend posting on a chat board associated with the company about ? You come across very easer to buy back in. I’ve come across many white knight types across the years and I think we all know it isn’t that including you… so what’s the deal ?

[borderterrier1] 03/10/2021 16:16

Cheerfuldoor. Good luck with your Christmas wish list. You'll need it.

[plat hunter] 02/10/2021 18:47

Grade isn't the be all... increased throughput and recovery efficiencies mitigate fixed costs just as much.Check the new dams and the increased processing capacity

[charlieeee] 02/10/2021 17:21

Well, according to Kaduval on LSE (who set up the shareholders action group and was a holder in size at that time)the results are out on the 18th October.

Being entirely cynical, it is likely that the results are reasonable: poor results have always been delayed, as can be seen from the historical record. It might just be that the new COO is bringing greater efficiency all round, generating information earlier as part of better control!

It is as simple as better grades = more ozs. which then have a lower AISC because of the high fixed component of costs.

If we are to meet guidance on both oz. and AISC, it needs to be 26,500 oz plus

[borderterrier1] 02/10/2021 14:11

lowtrawler "Concerns over management capability is keeping the share price down?" Nooooooo! Really? Well I never..... Who would have thought?

[plat hunter] 02/10/2021 11:06

Ahhh cheers Sleeven. Lol