George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Mike Maloney is indicating $5,000 oz gold price, in the interview link below, GoldenBull,.....giving silver, huge potential upside.
Silver's Silver Lining: Triple-Digit Silver Price?
https://youtu.be/F823UcrXGwc ( Premiered on 6 Jul 2020 ).
BW
@kadavul thanks at least I know its not just me then!
I must say though Bunker Hill looks REALLY interesting ..... and the scale of it is just phenomenal with 165km of underground tunnels and awe-inspiring amounts of metal removed. The takeaway for me was the 115Moz of silver mined over 95 years was a by-product of the lead and zinc.
I am actually a big believer in reappraisal of old mines with modern methods as they say 'The best place to build a mine of often next to an existing one'
APR
@aprogerson
"I guess the bit I am disappointed about is the lack of transparency in the HUM annual and interim reports detailing loan status, terms, payments et al plus status and strike prices of any related warrants."
We are all frustrated of HUM's transparency and most of us are kept in the dark. The only way we try to find anything about BH we have to do our own research. It was a surprise investment to all of us shareholders which had upset a lot of us and damaged the share price by righting this investment off but as time goes by it has turning to be another significant investment in another metal in another continent.
It will be a win win for all of us in the long term. DYOR, GLA
Thank you for all your findings which i am sure be very useful for the new investors here,
@cheerfuldoor ... lifesaver! Bunker Hill Corporate presentation Jul-2020 confirms HUM gave remaining corporate convertible loan of C$1.3m and 4.58% remaining shareholding position in BNKR. It is not clear what if any warrants still remain as if as I suspect they are from Jul-2018 then the last of those warrant expired Aug2020.
I guess the bit I am disappointed about is the lack of transparency in the HUM annual and interim reports detailing loan status, terms, payments et al plus status and strike prices of any related warrants.
APR
This was as of July 20 - things may have changed since then of course and yes there’s the loan etc.
Hi Aprogerson, I saw Hum’s holding of Bunker Hill referenced in their most recent corporate presentation:
https://mcusercontent.com/2ec1aedf7c6032b9773f0c98d/files/e4ee69d1-7444-485c-a39d-5ec654b19b81/BNKRPrez.pdf
Hum’s holding is stated as 4.58%
24-Jun-2019 BNKR paid off C$100k so loan now S$1.9m https://www.ldmicro.com/profile/bnkr.cn/news/7460034846793530
1-Aug-2019 Shares issued to pay debt (9,552,840): https://www.ldmicro.com/profile/bnkr.cn/news/4780449563632989
... this is like pulling teeth!
APR
Original CAD$1.5m loan to BNKR @19-Jun-2018: https://www.ldmicro.com/profile/bnkr.cn/news/7472344428464736
Additional CAD$0.5m loan to BNKR @9-Aug-2018: https://www.ldmicro.com/profile/bnkr.cn/news/6308468772374462
CAD$2m loan & issue of warrants to HUM confirmed 13-Aug-2018: https://www.ldmicro.com/profile/bnkr.cn/news/8577575775895443
Under the terms of the Amended and Restated Loan Agreement with Hummingbird Resources PLC (“Hummingbird”) having a principal amount of USD$2,000,000 and bearing interest at 10%, maturing June 13, 2019, Hummingbird may, at any time prior to maturity, convert any or all of the principal amount of the loan and accrued interest thereon, into common shares of Bunker as follows: (i) USD$1,500,000, being the original principal amount (“Principal Amount”), and using a USD/CAD currency conversion rate of .7689, the Principal Amount may be converted at a price per share equal to $0.85, entitling Hummingbird to acquire 2,294,835 common shares upon conversion of the Principal Amount, and 229,411 common shares upon conversion of the unpaid and accrued interest thereon; (ii) 2,294,835 common shares may be acquired upon exercise of warrants at a price of $0.85 per warrant for a period of two years from the date of issuance; (iii) USD$500,000, being the additional principal amount (“Additional Amount”) and using a USD/CAD currency conversion rate of .7507, the Additional Amount may be converted at a price per share equal to $0.45, entitling Hummingbird to acquire 1,477,777 common shares upon conversion of the Additional Amount, and 147,777 common shares upon conversion of the unpaid and accrued interest thereon; and (iv) 1,167,143 common shares may be acquired upon exercise of warrants at a price of $0.45 per warrant for a period of two years from the date issuance.
Bunker Hill Mining Corp Presentation 9-Sept-20 ... fantastic prospect and massively detailed presentation
https://www.globenewswire.com/news-release/2020/09/09/2090746/0/en/Bunker-Hill-Mining-Confirms-Numerous-High-Grade-Silver-Exploration-Targets-Following-Digitisation-of-Historic-Data.html
Corporate website: www.bunkerhillmining.com
MRE update 28-Sept-20: https://bunkerhillmining.com/news/bunker-hill-provides-exploration-update-and-announces-maiden-resource/
Need to confirm RNS that refers to HUM holdings as seems 'undercover' to say the least!
Bunker Hill had us under a cloud and we now find that it has a silver lining.
Q4 Rolling with Q3 results in next 3 weeks.
Gold rising on Trump news above $1900.
He will be getting best medical treatment as did Boris.
With the historical mine data, kadavul,.... collected over a 95-year period,..... digitization program, leveraging the historic data, resulting in identifying, high-grade silver targets,.....the chances of success, look good, (IMO).
BW
@wraith
Today's HUM holdings value of BNKR:
According today's share price of C$0.52 (CSE:BNKR) has a approx. value of (4052857 x C$0.52) C$2.1M which is equivalent to US$1.58M. The share should bounce back after the latest news!
Share price:
https://thecse.com/en/listings/mining/bunker-hill-mining-corp
Latest news:
https://bunkerhillmining.com/news/bunker-hill-provides-exploration-update-and-announces-maiden-resource/
With our investment, in Bunker Hill;-
Extract:
"Following the Placement, Hummingbird holds 4,052,857 Common Shares, equating to an interest in Bunker Hill of 5.8 per cent, which at a current share price of C$0.73 has a approx. value of US$2m. In addition, Hummingbird holds 2,660,000 Common Share Warrants and balance of US$1.6m (excluding accrued interest) of the US$2m interest bearing convertible loan provided to Bunker Hill, as first announced on 19 July 2018."
Source: https://polaris.brighterir.com/public/hummingbird/news/rns/story/w05g6lr
I find the history, encouraging ( https://bunkerhillmining.com/ ).
BW
Should read “..important progress for us shareholders..”
Bunker Hill announced their Maiden resource a day or so back, 11m ounces of silver. They’ve also started their first high grade silver focused exploration campaign (4,570m drilling). Whilst the market response was muted (small resource perhaps) it’s important progress is shareholders on our fourth front. Bunker Hill may yet shine