Q222 Apr 2020 15:58
I believe a rerate of Hummingbird is inevitable with the continued rise in production, reduced debt and production costs. Q1 results were as expected, very good. Maybe the rise in SP was not as large as many believe it should have been, the good results were expected, so already adjusted prior to RNS. Total rubbish, we were 39p before we poured gold, with debt and gold selling about $500 less.
Gold back today$1710, oil selling at 20 year lows, maybe we are making close to $1000/ounce?
Q2 should be a cracker, maybe the Hummingbird cash cow can jump over the moon.