Hummingbird Resources Share Discussion Threads

[arlington chetwynd talbott] 04/12/2022 22:29

Must admit, I did pick up a few sub-6p last week. More fool me, perhaps.

[borderterrier1] 04/12/2022 00:05

Because he still might get pushed out in fact with such an abysmal performance over the last six years he's got to be on thin ice right now. IMO, it's worth taking that chance and holding.

But in your case (you've obviously taken the plunge here) I don't think anyone in their right minds could comfortably invest anything until there is a drastic improvement. With the current management, that just ain't gonna happen.

[arlington chetwynd talbott] 03/12/2022 23:24

Why are you not selling your remaining shares then?

[borderterrier1] 03/12/2022 19:10

Arlington. I have been invested here for over six years and at one time I held 400,000 shares. During that time these buffoons have lurched from one crisis to the next and the downward trend has relentlessly continued. I firmly believe that this is mainly because DB is still at the helm and I as a result, I believe that trend will continue. He should of course do the honorable thing and step down, but he won't, he will ride this into the ground.

[arlington chetwynd talbott] 03/12/2022 18:34

Agreed that the top two salaries are ridiculous in the light of recent non-delivery. But not clear why you think this is going under.

[arlington chetwynd talbott] 03/12/2022 12:02

Unless the gold price meantime explodes to $2000 or craters to $1600, it will surely all be about the end January Q4 update. This could fly on demonstrable improvements, but more of the same would likely see a rush for the exit. Everyone on here seems to have a such a definitive position. For me, this genuinely feels like it could go either way.

[borderterrier1] 02/12/2022 17:22

Guess I spoke to soon. Once a dog, always a dog................. Please, please Hum, put us all out of our misery and go belly up?

[trader465] 02/12/2022 12:44

Yep, but it’s fun watching Prat throwing good money after bad, allowing losses to run while stopping the winners out for 80 sheets simply doesn’t work.

[1knocker] 02/12/2022 12:34

Its typical Hum. Run the business on the assumption that everything will turn up trumps, and put results down to unforeseeable misfortune.

[trader465] 02/12/2022 10:48

You’ll need more than a gold price rise to save you here.

“we have adjusted our full year AISC guidance to US$1,600 - US$1,800 per ounce (previously US$1,300 - US$1,450)”

Given Betts track record Q4 will be poor and it won’t be his fault…. “due to factors outside of management control”

Suspension coming in the new year??

[plat hunter] 02/12/2022 10:32

Wage data and jobs data today, expectation is a rise in services which usually inflation will be stickier as ot's a worker demand. Higher costs to higher wages to higher costs.

I want to see gold rise because of risk off sentiment, atm it's correlated to risk on.

[borderterrier1] 02/12/2022 00:26

Earlier today, there was zero interest in this company here in the US. Then just before close today, there seemed to be a sudden renewed interest. I can't find any news items/documented reason for it but perhaps there are some out there that know "something" that most of us don't? Hummmmmmmm..............?

[borderterrier1] 01/12/2022 21:34

Hummingbird is up 32% here in the US today. Last time that happened it continued moving N for several weeks. Fingers crossed.

[dickbush] 01/12/2022 14:33

Gold averaged $1730.4 in November.

I don't know if anyone here takes any notice of this stuff, but I make it that if the gold price in December averages over $1,802 its Coppock will turn up. Some further good news on inflation this month would certainly help the cause.

[laurence llewelyn binliner] 01/12/2022 14:28

That will do nicely indeed, a sub 105 DXY and POG back through 1,800 … :o)

Snakes and ladders against a balanced PF though, you win in 1 sector then and hit the skids in another..!

[dickbush] 01/12/2022 13:41

US PCE, which the Fed takes a serious interest in, was up 0.3% m/m in October. The core (ex food and fuel) was up 0.2%. Y/Y the PCE is up 6.0% v 6.3% previously and the core is up 5.0% v 5.2%. Looks likely to add to the US market's optimism on inflation and how much further rates need to rise.

Knocking on the door of $1800 again. Good for HUM directly and for the sale price of Pasofino.

[laurence llewelyn binliner] 01/12/2022 10:57

#1Knocker, likewise, I am hovering just below scratch for this year (non inflation adjusted) so not great, but when you consider some of the big funds which went overweight US tech are down -35%, I think we have done pretty well.. :o)

I take a 10/20 year investing view measuring results annually but the trend over a much longer time frame accepting I cannot win every year, 2022 is poor compared to recent years but ce la vie, could have been a whole lot worse..

PM positions will look after themselves as the dollar softens and POG picks up, well underwater here but by Q2/H1 should see the surface then some blue sky after that as Kouroussa comes online..

For 2023 I will most likely sit on my hands staying long/heavy but not adding to O/G + battery metal miner positions inside R/S companies, mop up and squirrel the dividends and wait for opportunities in the PF to present themselves without looking too hard elsewhere until rates pivot south..

[1knocker] 01/12/2022 10:38

Sants rally chances are improved lib. The $64K question is 'which stock will benefit?'
We have had a big FX tailwind in gold as sterling investors.

As recently posted, I am nothing like as confident about positioning for 2023 as I was 12 months ago for this year. At present, I am holding more cash than I have for several years.I would rather be late than wrong.

[laurence llewelyn binliner] 01/12/2022 07:47

#Sleveen, thanks, on the money there, doesn’t always pan out that way though.. :o)

Like most of us I try to look at drivers/data and come up with what makes sense to me then position accordingly, a slowing rates pace will weaken the USD which was getting way too hot at 110+ pricing in big forward rate rises..

The less hawkish outlook is in our favour for POG and we could see 1,800 soon, add in Corica turning around our BCM run rate and our fortunes here could reverse quickly..

I won’t get into share price predictions, I try to look at historic data margins/run rate/ounces/share prices and ask what do we need to deliver to get back there and how probable/possible is it..

A long wait to mid/late Jan to find out but a great start for us with recovering our margins..

#1Knocker, what chance the softer US rate outlook kick starts a Santa rally..?

Fed - December 14th
MPC - December 15th

[sleveen] 01/12/2022 07:13

LLB

Well done on the interest rate prediction yesterday.

Now can you predict what HUM's share price will be end Jan 23?

[dickbush] 30/11/2022 22:48

After four consecutive "jumbo" rate hikes of 0.75 percentage point, Federal Reserve chair Jerome Powell suggested that the next rate hike in December will only be 0.50 percentage point, in a speech at The Brookings Institute on Wednesday.

"It makes sense to moderate the pace of our rate increases," Powell said, citing a recent drop in year-over-year inflation, as well as the lag effects to prices from "rapid" rate hikes in 2022.

[1knocker] 30/11/2022 17:02

llb, my attitude to Hum is 'I shall believe it when I see it, and even then I shall look twice'. It was really only the trading element of my gold I sold. This seems a 'down all round' market to meat present. Whether I buy back into gold, or top up royalty companies remains to be seen. Ecor or whatever it is now called [is there a new board for the new name?]would be interesting below 140, and of course its nice Tove a yield. I am also contemplating physical copper if it drops a bit, as an alternative to than rebuilding the gold holding.

The really important question though is whether /when I should start selling down my very overweight fossil Energy positions. There is no doubt that they are going to get clobbered worldwide with tax hikes (just for the good of the planet of course).

12 months ago the sector allocations were petty clear, and the Ukraine sanctions made the overweight energy positioning doubly satisfactory. I just don't have any clear view for 2023, save that royalty companies are good news is inflationary /stagflationary times. I added Sitio recently (and that has since risen 20%) for some US oil royalty exposure.

I am about all square (in nominal terms) on the portfolio over the past 12 months, despite getting robbed of Raven and Gazprom [why it aids the Ukrainians to give away my money to Russians defeats me] and Hargreaves Lansdown insisting I sold a couple of US oil and gas infrastructure LPs because of pendingUS tax changes (though happily after the exchange rate had improved a bit and I had made 100% total return), but after a fairly straightforward investment landscape this year, next year at present looks likely to be really difficult, It would not surprise me if next year it is virtually impossible to break even even in nominal (non inflation adjusted) terms.

[laurence llewelyn binliner] 30/11/2022 15:29

#1Knocker, an interesting move for POG today to sell into, I doubt very much rate hikes will stop, but they might slow up, maybe +0.50% in December and January, the inflation data is still shocking and does not look to have peaked just yet..The DXY has weakened almost 10% and looks to be pricing in slowing rate moves..Progress here is more ounces driven than POG, but with both on our side heading into FY an share price recovery could be on its way..Kouroussa commissioning just 6 months off now.. :o)Next progress update mid/late January..

[1knocker] 30/11/2022 14:08

Sold 20% of my gold bullion today. I doubt I got the top, but I shall be surprised (and v disappointed!) if I do not get the chance to buy back lower over the next 3 months. Either we get a Santa stock rally and the steam goes out of gold with the optimism, or get more 'everything down'. Only if Powell says interest rates rises are complete or nearly so (unlikely I think when they are still way below inflation) should today's sale be a seriously bad mistake.

[laurence llewelyn binliner] 30/11/2022 07:48

POG picking up nicely (1,768) and heading towards 1,800 against a DXY that has been relatively flat but in a rising trend from 105 to 106 so it is being bought into which is an interesting move..

Just what we need here on the back of recovering our ounce tally to restore profitability into FY…