Hummingbird Resources Share Discussion Threads

[temujiin] 20/3/2023 07:41

Whilst no excuse for the general shambles of the mining operation at Yani in 2021 and 2022, now seemingly substantially sorted, POG having just popped over $2000 ($2008 atm) in the last hour makes Yani certainly quite profitable which is timely in the run up to Kouroussa being commissioned in 4 months or so.

[borderterrier1] 19/3/2023 19:36

ACT And yet the CEO here has always promised "shareholder value on your Hum INVESTMENT." Is it any wonder nobody trusts him now?

[polaris] 19/3/2023 15:35

If gold does continue to make solid gains over coming weeks and months then what you want are small producers that are completely overlooked. Tier I go first and then the usual suspects in Tier II and the BS exploratory plays with fanatical following. The real gains will be made with producers that are running on low PEs or recovery plays where pog helps turn around a business. HUM is solidly in that last camp but also with another mine close to coming on stream that will double production going forward. Average pog for this Q is well ahead of Q4 2022. HUM have their financing. Let's see what the coming weeks bring.

[arlington chetwynd talbott] 19/3/2023 14:02

Indeed, nothing is guaranteed and it is definitely better viewed as trading/speculation rather than investment.

[borderterrier1] 19/3/2023 13:29

ACT I agree that logically, buying at 6p puts you at a big reward advantage but the "management" here really are useless...... so who knows?

[arlington chetwynd talbott] 19/3/2023 09:19

No, he is not right - he is just miffed that I bagged in RKH when he was calling it down. Could have gone either way, but it went my way rather than his. As I said when I bought some HUM in the 6s, it is all about the balance of risk and reward.

[dickbush] 18/3/2023 21:35

Thanks, polaris.

Based on the performance of Bitcoin so far this weekend we should be looking at $2,000 for gold on Monday. Surely, we will get some upwards movement in HUM's share price.

[borderterrier1] 18/3/2023 17:58

ACT I can assure you, (despite being down big time here), I am of good cheer. But I do find it very disturbing when "some" on here try to impress us with their "superior stock picking skills" Please read some of the absolutely ridiculous, moronic, delusional posts on here from some of them. Meanwhile, the share price continues to drop, the shareholders continue to suffer and the "management" continue to prosper. You don't need to be a rocket scientist to figure it out. And BTW Melegramforttongo, I suspect you may be right.

[melegramforttongo] 18/3/2023 17:22

Arly , another loser for you ?

Do you make profit on ANYTHING ??

Damn , that portfolio of yours must be rotten to the core
🤭🤭🤭

[arlington chetwynd talbott] 18/3/2023 17:13

I think we all know that this is likely to head north, at least in the short term. Over the longer term it may well prove that this leopard cannot change its spots. In the meantime, since you are still in, be of good cheer.

[borderterrier1] 18/3/2023 15:56

LLB With the continual flow of "intelligent" comments that you make on here I can only assume that you are related in some way to Del Boy? Over a six year period, this has been going DOWN due to mis-management. What don't you understand?

[laurence llewelyn binliner] 17/3/2023 16:04

#Polaris, yes, that makes sense, up to 2020 the calculation stood up, but after with the progress of Kouroussa and Dugbe there are of course associated costs which are are non core to Yanfolila and outside of the AISC for the mine..POG on a tear today, helping us along as we roll up to the end of Q1 and reporting.. :o)

[polaris] 17/3/2023 16:00

Ie. Do not confuse AIC and AISC. The S is important. WGC suggests companies declare both and the reconciliation between them to reach EBITDA and then any other adjustments to reach NPAT.

[polaris] 17/3/2023 15:55

AISCs are the costs to sustain a mining operation. That means any costs associated with new operations and costs related to major projects at existing operations will usually be classed as non-sustaining and so not included in AISCs. They will be included in overall costs and so explain the difference at the EBITDA level. See the World Gold Council descriptions. It is nothing unusual on the part of HUM

[borderterrier1] 17/3/2023 15:46

It really is hilarious reading the debate and comments from all the "shrewd investors" here that think they know where this is heading. For over six years this has been on a downward spiral and the problem obviously is that the Ceo and Bod are useless.......but laughing all the way to the bank. Carry on.

[dickbush] 17/3/2023 15:06

On the positive side, the prospect of a bidder/bidders coming in for Pasofino at a good price must be increasing with the price of gold.

[laurence llewelyn binliner] 17/3/2023 14:27

#DB, definitely one to keep an eye on going forward, and some questions if it repeats, or it does appear that the AISC is not all inclusive of some costs, Q4 on the face of it looks USD2.3M light...?

[laurence llewelyn binliner] 17/3/2023 10:54

#PH, when looking into the above I notice the Q4 numbers..
27,860 ounces sold at 1,726 | 1,248 AISC | 478 margin | EBITDA should have been USD13.3M..

However, 06.02.2023 - Improved Group EBITDA of cUS$11 million for Q4 2022

Have I overlooked something or is the AISC now exclusive of some 20% of costs, perhaps some costs associated with the raise which came very shortly after..?

[zhockey] 17/3/2023 10:53

Don’t tell the share price

[temujiin] 17/3/2023 10:06

Cheers LLB

[laurence llewelyn binliner] 17/3/2023 08:55

#Temujiin, so far for Q1 I have an average POG of 1,878 an ounce, IF we repeat Q4 then 27,860 sold / 1,248 AISC the margin is c150 an ounce stronger, so earnings could be closer to USD15M.. :o)

Interest rate decisions next week will push/pull POG, and anything can happen in the current turbulence..

[temujiin] 17/3/2023 07:56

Q4 28,264 ounces.......... Q1 expected to be 25-28k?
Q4 AISC of US$1,248........ Q1 $1,250-$1,400?
Q4 27,860 oz sold at POG average US$1,726........ Q1 sell at $1,850? POG currently $1,930

Q4 Group EBITDA of US$11 million for Q4


...... We should given the above, have an expectation that Q1 should at least give a similar profit as Q4, which will be useful as Kouroussa closes in on first gold pour.