Hummingbird Resources Share Discussion Threads

[dickbush] 10/11/2022 14:32

Inside the numbers reads even better than this. The Shelter part of the All Items Index, which has a weighting of circa 1/3rd, was up 0.7% and contributed over half of the 0.4% m/m increase. This tends to lag what is actually happening in the housing market.

[sclper] 10/11/2022 13:40

Gold price rallying after US core CPI comes in lower than expected

[plat hunter] 10/11/2022 12:10

It'd be interesting to see who the insti will be

[dickbush] 10/11/2022 11:58

Obviously, not directly relevant but over 50% of RSG's gold production comes from Mali, the last time I looked, and its total production is forecast to be almost four times HUM's in 2022 with a not much greater net debt level before this share issue. Its share price has also done about as badly as HUM's since the peak two years ago. Despite this, they have taken the (very) conservative route to guarantee their future at the cost of almost halving future eps. HUM, on the other hand, is risking everything on the substantial exploitation of its highest g/t asset this quarter and into 2023. I was just pointing out the contrast.

[zhockey] 10/11/2022 11:07

What’s the relevance for HUM?

[plat hunter] 10/11/2022 10:36

It's almost like when the BOD of a struggling football club make a puplic statement in support of their manager


Mon, 17th Oct 2022 07:00

RNS Number : 0706D
Resolute Mining Limited
17 October 2022

17 October 2022


Response to media article

____

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) notes the recent Australian Financial Review article in relation to a potential equity raising by the Company.

Resolute advises that it continuously reviews potential sources of funding, including debt and equity, and schedules meetings with potential investors as part of its investor relations engagement programme, which may from time to time be facilitated by various brokerage firms.

Accordingly, no decision to seek alternative sources of funding has been made and there can be no certainty that any decision will be made. In the event of a material development, Resolute will inform the market.

[plat hunter] 10/11/2022 10:21

Oooosshhh
"Plat Hunter - 17 Oct 2022 - 12:57:41 - 9272 of 9510
RSG are about to announce a placing"

[tigerbythetail] 10/11/2022 10:13

This post is copied from the Resolute board on Hot Copper, but it is equally valid here:

"The Malian government just launched an audit of the country's gold mining sector. Although the Canadian and Australian companies which dominate the sector are not expecting to be expropriated for the benefit of the Wagner group, they do predict the state will seek a greater share of their revenues.
hxxps://www.africaintelligence.com/west-africa/2022/11/09/western-companies-brace-for-a-hit-as-bamako-launches-gold-mining-audit,109843135-eve

Putin may become an indirect shareholder!!!"

(Personally, I'm not a shareholder in either HUM or RSG, of course. If you don't know, Wagner are a Russian Private Military Company, run by Putin croney and former convict Yevgeny Progozhin. Wagner have a strong presence in Mali, have participated in several massacres, and their corporate slogan is "Death is Our Business and Business Is Good". I have long wondered if HUM's ballooning AISC isn't due to some kind of extortion racket - but that's only a speculation).

[dickbush] 10/11/2022 08:06

I see RSG are doing an equity issue to reduce their debt despite the collapse of the share price.

-- An underwritten 1-for-1.11 pro-rata accelerated, non-renounceable institutional entitlement offer of approximately 348 million New Shares to raise approximately A$56 million ("Institutional Entitlement Offer"); and

-- A 1-for-1.11 pro-rata non-accelerated, non-renounceable retail entitlement offer of approximately 646 million New Shares to raise up to approximately A$103 million ("Retail Entitlement Offer") of which approximately A$43 million is underwritten.

The Equity Raising will be undertaken at a fixed issue price of A$0.16 per New Share, which as at the last trading day of 9 November 2022, represents a:

-- 22.0% discount to the last closing price of A$0.205[2]

[plat hunter] 09/11/2022 11:48

DXY to 113 from here

[laurence llewelyn binliner] 08/11/2022 18:09

#DB, the USD/DXY has had a great run up to and over 114, we will have to wait and see if this is a reversal or just another pullback and on it goes again, expectations are for further FED rate rises but perhaps at a slower rate..?

POG 1,720 will do nicely and if we can build on that for Q4 it will add a tailwind behind us with cash generation even more of a focus this quarter going into 2023 and Kouroussa start up..

[dickbush] 08/11/2022 17:24

The Dollar Index has broken down through support today. Whatever the fundamentals, it had a very strong run, up 27% to its high, into what is, generally, regarded as overvalued territory. I for one hope traders stay with the usual "the trend is your friend" because it certainly helps gold.

[sclper] 08/11/2022 15:45

Gold price is moving up nicely

[zhockey] 07/11/2022 17:31

Yes I know that, which is what I said, In a recession bonds rise as a flight to safety. Demand for US treasuries is bullish for the USD.

[borderterrier1] 07/11/2022 13:06

temujiin You are a card! In your earlier post to LLB you wrote:- "The problem with Hum is credibility." Then your comment to trader 465 was quote:- "Your credibility is a lot lower than Hums" Really? I guess we could all do with a laugh these days..........

[laurence llewelyn binliner] 07/11/2022 11:32

#PH, Thursday US CPI numbers will be interesting for sure, but will lag the recent 0.75% hike, another 0.50% in December to come before the data sets reflect the impact of the November move, an interesting period for economics as well as HUM getting their act together, if POG takes off at the FED rates pivot point and corresponding weaker dollar mid 2023 that would suit us perfectly for Kouroussa adding greater value going forward, Yanfolila turned around and developments at Dugbe.. :o)

[plat hunter] 07/11/2022 11:22

Zhockey...Bullish treasuries return lower yields..Treasury and bond yields rise due to selling

[plat hunter] 07/11/2022 11:19

That 75bps and next months 50 are already priced in. FED more than signalled their November and December rate hikes...CPI this week is bigger news imo as it will indicate whether the fed need to keep going or turn ever so slightly towards a dovish pivot into Q1

[laurence llewelyn binliner] 07/11/2022 11:11

#Zhockey, under normal rules you would expect a recession looming to drive rates down to neutralise it, but with inflation running hot at 10% this cannot happen, and the reverse is, after the last FED move +0.75% I expected the DXY to strengthen, but it weakened >2 points after the economic data sets released soon after driving dollar denominated metals positive..

+VE rate moves expected to continue peaking around 5% next summer, we will have to see what we get and how it plays out over 2023 impacting POG, but with so much QE printing having taken place sooner or later POG will have its day..

[zhockey] 07/11/2022 10:43

LLB - Wouldn’t we expect a recession to drive up US treasuries and the USD?

“ +USD55/Oz on POG for Friday alone, gives us an idea of what could be coming along if the Dollar softens some more, weaker jobs data and recession looming could accelerate that as rates are going to be going up for a good while yet before any FED pivot..”

[temujiin] 07/11/2022 07:11

Trader, your credibility is a lot lower than HUMs and you don't even have a flash website, which is how you seem to judge a company's worth :)
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Would be good if the company Tweeted a few pics of these new rigs digging the 2.99g/t Komana East ore. Anyone have their ear?

[trader465] 07/11/2022 06:35

LLB - are those grades before or after the 10% skim?

Q3-2021 - 392,000 (2.27g/t)
Q4-2021 - 446,000 (1.79g/t)
Q1-2022 - 503,000 (1.70g/t)
Q2-2022 - 511,000 (1.87g/t)
Q3-2022 - 362,000 (1.90g/t)

Daddy says if we skim 10% off the grade and put it in the boot of the Range Rover nobody will notice. The only giveaway would be a huge increase in AISC.

[temujiin] 06/11/2022 21:24

The problem LLB,

with HUM is credibility. What you and I say looks reasonable, and I believe them more now than before, but in April last year they also said

'Additional excavators are now on site ~ which has led to increased daily mining volume rates ~ to improve the overall fleet performance of our contract miner ~ positive productivity improvements starting to be seen....'

and

'increase throughput at the mill in Q2 ~ utilising increasing oxide stockpiles at Sanioumale West'

So we have been here before and the results were still below expectations. Q4 is very likely to be a significant improvement on previous Q's given Corica and 2.99g/t Komana ore, but .....

[temujiin] 06/11/2022 21:09

Blackhorse236 Nov '22 - 20:38 - 9494 of 9494
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AFAIK you have zero knowledge here and have been ramping Cury on multiple BB's.
F right off, oh and filtered.