Hummingbird Resources Share Discussion Threads

[new_buyer] 19/10/2017 16:04

Which fool was it that said we would probable see the 20’s again before we saw the 40’s!! 😳

[wwick] 18/10/2017 07:35

Good to hear that, on to Q4 then. Also "Commencement of pre-production mining".
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The funds raised as part of the IPO will be used primarily for the advancement of the Sanankoro discovery. A 15,000m exploration drilling programme is planned, prioritising expansion of Sanankoro and up to 10,000m of drilling will be conducted at additional project areas located near to existing gold mines and which have the potential to host significant new gold discoveries.

[zeberdie] 18/10/2017 07:24

On time. On budget, steady as she goes.

[zhockey] 17/10/2017 12:52

Ricky nice post, it is a win-win deal, my point is that as AAG are priced so low the maginitude of impact will be felt more greatly there.

I expect my AAG shares will become discounted HUM shares in time. Kobada could have 5M oz+ apparently and HUM will be looking to add resources.

[gold panda] 17/10/2017 08:29

ricky I disagree about Kobada being uneconomical. At least on paper it's a very solid project. AGG's problem was getting funding and it's a big win for both companies

[rickyhatton] 16/10/2017 16:42

1. The AGG deal is effectively a "free" acquisition of 1m+++ oz gold to HUM.

AGG get an uneconomical stand alone project going nowhere into production using hums capex and mine, and retain 50% of Kobada, with initial 30% of net cash flow.

AGG are given a bit of cash to fund the DFS. And permission to issue a few more shares to fund the DFS, if necessary, with hums contribution capped at next to nothing.

The real hum contribution is the returnable capex, but not kicking in until 2019, so as hum have said, no dilution to shareholders.

2. Hum pays net cash (premium above value of current AGG SP) of CD$1.2m for 40m AGG shares

Hum pays net (premium in hum shares above current SP) CD$1.47m for 49m AGG shares

(Hum have 40m (protection) warrants valid for 36 months that will likely not need to be exercised and have guarantee that it will be repaid through cash flow even if they have to be exercised)

AGG fund DFS (this is capped to cost Hum an additional net max of CD$0.33m buying AGG shares above current share price to maintain 20% interest in AGG)

So total net cost to hum is only $CDN3m ( this net cost could go up or down depending on AGG share price)

3. Hum fund up to $35m (?us or cdn) of capex all returned through 70% of net cash flow, then reverting to 50% of net cash flow

4. Hum get 50% of Kobada's 2.2m gold oz. ( 40% if government take 10%)

Stonking deal for hum, giving major longevity of production, and increased production through concentration plant feeding ore at circa 20g/t

[ukgeorge] 16/10/2017 13:09

Roll on 50p happy days go hum go :)

[zhockey] 16/10/2017 10:20

Mr Panda,

I expect HUM will swallow up AGG pretty soon. 5M+ oz upside will be a no brainier IMO.

[gold panda] 16/10/2017 09:00

zhockey, I bought some AGG and even wrote an article on them

however, one person seemed concerned with main shareholder:

"This stock's current reward potential is not great enough to justify the potential risks factoring in what its real market cap with the dilution.
One thing the author failed to mention Forbes and Manhattan managed assets typically are not kind to minority investors as their maintenance fees and salaries are very self serving.
All I can say is this deal set up FM very well as its now cashed up for them to exploit and lowered the risks of more dilution.
Another factor is a one operation asset in Mali should be discounted closer to 10% NPV."

[darola] 16/10/2017 07:05

Nope. No spare cash, happy with what I've got...

[zhockey] 15/10/2017 21:56

Well I hope with all your worldly wisdom you've bought some AGG :)

[matt123d] 14/10/2017 08:05

One person that's confused, ha. Only joking!

[darola] 14/10/2017 07:51

Not convinced HUM has anything to do with a bull market.... which is why I'm here. When the bull market bursts, watch the herd arrive here as sentiment returns to commodities, and mining in particular. In contrast to tech stocks which are due a correction IMHO, I think this is a more contrarian investment.

[matt123d] 14/10/2017 07:27

Be careful not to confuse ability with a bull market though!

[darola] 14/10/2017 07:22

N14th. I said many years ago that I would earn more in the last 5 years of my working life than I would in the whole of the 35 working years that proceeded it, and it's proven to be true - and I've still got 2 years to go! A quote I picked up on stated that age and experience develop patience - in this game it's vital.

[napoleon 14th] 14/10/2017 01:53

P.S.

I'm enjoying this one, but RBW as well.
Check it out if you haven't yet.
It's not too late............

[napoleon 14th] 14/10/2017 01:51

We're trying to make money, each in his own way, from the naïve uninformed ways of a beginner to the sharp & world weary of the experienced investor.

If I (rightly) claim to one of the latter, it's only after being 40 years at it, & some profits I made early on were sheer luck! What I know now, cost me a lot of money. It's called experience, & it also costs time & sometimes your ego as well!

You're winning when you make more good calls than bad ones.
You make most of your money when you're too old to enjoy it like you used to.......

GLA

[darola] 13/10/2017 22:19

What are we trying to do exactly?

[spooky] 13/10/2017 21:42

Nice try guys.

[darola] 13/10/2017 20:58

I guess that's why A LOT of people lose money on AIM. They don't take the time to REALLY understand what they are invested in.

[zhockey] 13/10/2017 20:09

Darola

I expect most folks read that RNS and thought great another 25k oz/year for hum!

Few probably took the time to think hey, who are agg?

Even fewer thought hey, agg are the winner in this deal and offer a great opportunity.

[darola] 13/10/2017 20:05

Seriously Spooky, how can you invest in a company (I assume you're invested) and not read their RNSs? I'm not trying to be smart or rude, but I can't get my head around it.

[zhockey] 13/10/2017 19:54

Spooky,

HUM bought 20% of AGG for 50% over their market value and have an option to buy more at 12c or 100% the current 6c.

You can buy now at 6c if you are interested.

[spooky] 13/10/2017 19:20

That's just me being stupid, thanks mikkydhu.