Hummingbird Share Price (HUM)

It won't be $15m net profit for last year. You have depreciation and nonsense going on. EBITDA is a much better proxy for cash flow and cash is key.

2018 ebitda 15m
2019 first half ebitda 10m

I am expecting 2019 full year ebitda of around 40m. Gives 30m for the second half and double 2018 in total

2020 ebitda I am expecting almost 100m on 1700 gold.

I think we have been for a few weeks now.
Nice drop again at the end of the day. One step forward two steps back.

I agree with that sentiment. I've been heavily invested for some time now waiting for the 'breakout' but sadly when the woolly figures surrounding output / grades / AISC & Selling price are instead replaced with actual reported earnings then HUM BoD have been found lacking.
I really want to see $15m net profit for 2019 and I have pencilled in around $50m for 2020 ... if they report the former and indicate the latter is viable then I see no reason for us not to re-test 40p during Q2 and we could double from here before year-end ... but I thought that in late 2018 as well !

HUM should be producing some very good 2019 and current numbers but they often have a habit of not quite meeting expectations - I am a largish holder so I hope I am wrong but management of expectations has been sorely missing in recent announcements

Hi Juxtapose!
I agree that the 2019 results (coming up this week?) will show a big improvement over the 2018 results, which were poor.
But (based on current progress and current gold prices) this current year (2020) should show an even bigger improvement on 2019. Hopefully, people will do the maths for themselves and realise that this share is a real buying opportunity.
All IMO and DYOR, of course.