Hummingbird Resources Share Discussion Threads

[jaspoland] 05/4/2023 12:16

An approach now wouldn't be as good as one in late 2024/2025.
Get the 2nd mine working and we're multiples of current share price imho

[wskill] 05/4/2023 12:00

Still very surprised that there has not been an approach to the company even with the new shares issued its only £62m market cap and you have 2 mines in operation plus Dugbe there must be decent value here for an experienced miner.

[backmarker] 05/4/2023 12:00

Must be that everyone's thinking that at over 2000 even HUM can make money !!!

[backmarker] 05/4/2023 11:58

Just another 30p to go and I should be in profit again.

[farrugia] 05/4/2023 11:11

market is finally waking up to the huge potential here.

[jaspoland] 05/4/2023 11:11

At this rate the BoD might award themselves a bonus.......

[dickbush] 05/4/2023 10:49

Farrugia, I have no argument with you re the Dollar. However, the Fed raising rates to cause a depression is extremely unlikely. The Fed looks at both inflation AND the economy (unlike most Central Banks' mandates), and will continue to try to reach a rate level at which the economy is weak enough to reach circa 2% inflation but not weak enough to start unravelling. If the Fed overdoes it, the current Chairman will be fired to be replaced by one who shows more concern for the economy.

I will grant you that this is, as always, a balancing act, and the Fed's long term record isn't great. BTW, my dad used to refer to the Dollar as 5 shillings. What does that say about our economic management?

[plat hunter] 05/4/2023 10:33

Banks fail at 5% Farrugia as we saw with SVB, CS and 1st Republic.

[plat hunter] 05/4/2023 10:31

900 tonnes apparently

[plat hunter] 05/4/2023 10:29

Bloomberg radio reporting that gold vaults are 4 times the weight of the Statue of Liberty lower than they should be.


How much gold is that lol?

[temujiin] 05/4/2023 10:21

LLB/PH, I'm not saying divi's can't be paid, just it's unlikely they will be considered for a good few years. DB's/HUM imo will look to spend the money on more exploration, or Dugbe, or another Kouroussa etc etc.

AIM types of directors are more interested in empire building so they feel they can award themselves bigger wages and bonuses, and justify it by the size of the pies they control.

I'm not against another Kouroussa being bought if we have FCF, or divi's, just I see divi's as likely the lesser choice for this management.

Long way for me to go before break evens as it's in the 20's, but I do believe we can easily get there, and more, with POG over $2k.

[farrugia] 05/4/2023 09:58

'I am expecting further rate rises until the Fed can see the prospect of its 2% inflation target.'

If they do that it would cause a depression and I'm not joking. The USA is built on cheap credit and things will break.

Plus most other countries have woken up to the fact that the dollar is strangling their necks. They are fed up of the USA exporting their inflation overseas and want to get off it with more national governments conducting trades of commodities in their national currencies. And Iran/China/Russia/BRICS are determined to setup an alternative currency.

[laurence llewelyn binliner] 05/4/2023 09:53

#PH you are ahead of me, but only just.. :o)

Clawing back to scratch looked a very tall order from 5 pence, but keeping sight of the prize(s) was/is the way to look at it.., the share price will be nice to look at in a years time, but it is a decade of dividends that are more important here..

Last chance to BednISA today so some of the volume will be tax sheltered..

[dickbush] 05/4/2023 09:43

I think we are in a sweet spot for gold which, I hope, will continue for the next few weeks, covering HUM's 1st qtr figures. Once the Fed and Treasury have stabilised any troubled banks, I am expecting further rate rises until the Fed can see the prospect of its 2% inflation target. I'm still a bull of gold. I just think it is going to continue to be a bumpy ride.

Re those figures, I can't understand an 80-90,000 oz annual target after the 4th qtr production. I'm going to go for 28-30,000 oz in the 1st qtr on the assumption that Betts will emphasise keeping net debt down as far as possible, and he's wangled a production target that pretty much guarantees a maximum payout of shares. Hopefully, he will then realise that his shareholding is potentially worth much more even than his income.

[plat hunter] 05/4/2023 09:40

Only 3p to go and I'm flat whoop whoop

[plat hunter] 05/4/2023 09:40

If you want to see showing off Sleeven, just wait until we're hitting the same milestones as we are on Kor but for Dugbe. ;-P

[zhockey] 05/4/2023 09:29

Whist the recent rise looks big, this is still 10p below where it was 2 years ago and the company is in a much much much stronger position than it was then.

[laurence llewelyn binliner] 05/4/2023 09:10

#PH, quite so, it is not a given that debt has to be or will be wiped clean before a maiden dividend is announced, but I am working with that milestone as a latest date in H2-024..

10.3 pence paid, things warming up fast here now, just as expected ..

[sleveen] 05/4/2023 09:09

You're just showing off now.

[plat hunter] 05/4/2023 09:06

Was it someone here who posted the RSI just needs to simmer down for a week, as there's still plenty on both the weekly and monthly?

[plat hunter] 05/4/2023 09:02

If anyone is wondering how this works, take a look at SLP and their total cash return (not share price growth), I held from 13p, traded it too and didn't always collect the divi but it's an excellent example none the less

[plat hunter] 05/4/2023 08:59

It's not true that debt must be paid before dividends.

200k will equal roughly to a NET 60 million USD or give shareholders a return of roughly 4p a share on a 50% shareholder return.

Debt would still be well covered by free cashflow and internal accruals.

If anyone can remember when I first came here, this is exactly what I was posting about for a 2025 return.

The lower you can get your average down for 2025 the more you'll make every year for gratis. HUM is fantastic pension/stroke dividend play. But you have to buy early to lock in those returns, as a rising share price dilutes them.

[farrugia] 05/4/2023 08:50

this should be flying with gold at over $2000 not languishing at those pitiful levels!

[laurence llewelyn binliner] 05/4/2023 08:49

9.95, 9.99, 10.00 pence now paid.. :o)

#DB, we seem to have aced the timing to bring Kouroussa online as recessionary risks increase through interest rate rises but the FED now has its hands tied, I expect 1 more to come, then a plateau/pivot in H2 weakening the DXY further, then POG will really get going..

[dickbush] 05/4/2023 08:28

Gold jumped yesterday because US data on factory orders and job openings were weaker than expected leading to a weak Dollar Index. That just needs further weak data to hit a new low for the current declining trend.

The market is now waiting for employment data on Friday, with the CPI and PPI due out next week. The inflation numbers y/y are almost certain to show a substantial decline as last year's March data drops out. But the Fed is more concerned with the Core in both cases.

It looks to me like inflation is still far too high to satisfy the Fed.