Hummingbird Resources Share Discussion Threads

[plat hunter] 26/1/2023 19:01

It's nice we got a mention but I doubt an extra 45k is going to swing the needle much 😜

[sleveen] 26/1/2023 15:53

I hope so.

[laurence llewelyn binliner] 26/1/2023 15:15

#Sleveen, assuming we do not get a Friday morning banana skin RNS, we should be in line for a minimum of hitting the bottom end guidance, it has been a tortuous wait this quarter with so much riding on it .. !

[plat hunter] 26/1/2023 11:01

4:30 Fridays are a thing of the past I hope

[sleveen] 26/1/2023 10:57

No Friday RNS required.

[plat hunter] 26/1/2023 10:43

Kor on target to deliver first pour from 1st April

[aim999] 26/1/2023 08:07

Maybe will include an update on Liberia.... The overall outlook must be better if they have got their finger out and sorted production

[creditcrunchies] 26/1/2023 07:59

They've delayed Q4 report by a week so far though I wonder what the delay is

[temujiin] 25/1/2023 21:42

My money is on Monday.
POG at $1945 making a good comeback from low $1920's earlier.

[jedi k] 25/1/2023 21:40

#HUM is pleased to report that key equipment, including grade control rigs secured in Q3 to supplement the underperforming drilling fleet, are performing well at #Yanfolila allowing us to mine to our scheduled mine plan and accelerate our production for the remainder of the year. Posted of Twitter by HUM on 7th December.

[plat hunter] 25/1/2023 21:16

Tuesday has my money

[temujiin] 25/1/2023 19:55

Hopefully tomorrow and superb Q4 LLB. Wishful thinking probably and I would be equally unsurprised if it was 28k, or 22k.

With the lack of a 'missed guidance' RNS last year, 24k+ is most likely.... but have Corica's involvement meant AISC have haven't come down as much as hoped? I want to see the results!

[laurence llewelyn binliner] 25/1/2023 18:23

#Temujiin, tomorrow morning or Monday/Tuesday next week for results then, time to show us the turnaround of mined volumes and some poured ounce progress after the introduction of Corica to the operational side..

What is it to be..? boom or banana skin.. :o)

[borderterrier1] 25/1/2023 12:50

CreditCrunchies And I hope "they" are right. But I have been here longer than most and I have seen/heard it all before. Unfortunately, I just don't think these guys are capable of "smashing it." Hope I'm proved wrong but some of the recent posts on the LSE bb this morning unfortunately agree with me.

[temujiin] 25/1/2023 12:06

I'm not even going to try and work out what this year's guidance will be. Far too many variables ATM which we have insufficient information on. Ball Park, perhaps if guessing and if Kou remains OT and OB would be between 115 to 135m oz imo?

[plat hunter] 25/1/2023 11:37

Poly land locked and has massive issues related to sanctions, not too different from Malian operators.

[laurence llewelyn binliner] 25/1/2023 10:57

#DB, pit by pit costs are not really worth getting to deep into, what matter most is the total production profits/total costs across all sources, the high grade ores are blended with the lower grade by mine to allow low grades through and to soften the mixture going into the crushers/mills and prolong wear life..

Kouroussa drilling has been ongoing since we bought it from Cassidy and will continue but we have a years worth done already in advance so we can add new ounces to depleted ounces and prolong LOM..

Debt will be a priority for sure as it carries 8/10% interest with it eroding profits, we hammered out the Yanfolila debt in 4 years from scratch, so with Kouroussa adding we should smash it out in less than 2..

[dickbush] 25/1/2023 10:35

Just a thought.

Instead of the "simplicity" of forecasting the year ahead's range for production and AISC from one mine-which it has missed regularly-HUM now has a much more complicated calculation to make. Is the KE underground production going to be part of, say, 100,000 oz for Yanfolila this year or in addition to? What is KE underground's range of production? What is Kouroussa's range of production? From all of that what's the range of total production and AISC. Given some flexibility in ore grade mined, do they emphasise reducing their unenviable debt level and have funds for drilling or do they worry that this strategy will likely lead to a reduction in reserves and so mine a lower grade target?

I would definitely choose the former. Every $10mil reduction in net debt is worth 2p to the share price and drilling in Kouroussa seems likely to yield further high grade resources.

[laurence llewelyn binliner] 25/1/2023 10:10

On AISC, it was interesting to note from the POLY Q4 update this morning, that although they are diversified across 9 mines, and 2 countries with a massive 1.7M ounces a year, they hit their annual guidance, reiterated it for 2023 and guided a 1,300-1,400 AISC..

So we are not doing badly at all if the ounces are as expected and we get under 1,400 on costs..

News tomorrow or next week for month end..?

[creditcrunchies] 25/1/2023 08:00

they all seem to be very confident of Q4 smashing it this time

[temujiin] 24/1/2023 20:50

Hypothetically Jedi,

say Q1 is 28k, POG average 1,925, AISC $1,400

28,000 x margin of $525 = $14.7m gross

Edit: Snap LLB, though I'm being more pessimistic :)

[laurence llewelyn binliner] 24/1/2023 20:50

#Jedi K, this is exactly what we are waiting to hear in the Q1 outlook from the Q4 results, with a 1,925 POG to sell into, if the ounces are trending up we could have a 6-700 margin on our side..

Another day close to results..

[jedi k] 24/1/2023 20:20

What does Q1 2023 look like with POG at over 1900 for the quarter?