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The new presentation HUM is full of information and the upside of LOM is clear.

https://wp-hummingbirdresources-2020.s3.eu-west-2.amazonaws.com/media/2020/10/26082553/Hummingbird-Resources-Presentation-Q320.pdf

Also in one of the interviews Dan mentions that he will only know if we are officially net debt free when the accounts tell him at the end of the month. So I'm hoping for an RNS next week.

-$1million in debt now even after a tough quarter. What’s the risk to your investment now.
A high AISC but they will still make guidance after everything 2020 has thrown at them.

Well not long to find out. I expect news on Monday or Tuesday.
Have a good weekend all.

We’ve not had a Friday RNS so should be good for some positive news early next week.
A steady 30,000 ounces produced, net debt free achieved and a date for an expected resource update will do me.

Looks as though it will be Monday now. Hums volume has been off all week so not surprised.
Don’t mind the wait especially if this stimulus deal is reached.
I just hope HUM have got some decent media coverage lined up.

Is gold moving up just in time for a HUM Q3 RNS?

We have a small twitter group on HUM if anyone is interested. Follow me @Tom_Bedford

Main aim is to try and gain some twitter presence as HUM is very bad at blowing its own trumpet!

Gold over that tricky $1915 resistance. Hopefully it can stay there now.

End of H1 we had a net debt of US$12 million (inc. gold dour).
We received $2million from Dugbe (plus reduction in Dugbe costs/) = Net debt of US$10m

H1 HUM made a pre-tax profit of US$23.7 million. Let's say worst case we maintain this pre-tax profit into Q3 (despite POG increasing by $250) gives us $11.85m at end of Q3.

Add another 20 days of mining (conservative $2m+ pre tax profit) means we have a cushion of +$4m net debt and that's me being conservative with our production numbers and not including POG being 14%+ higher in Q3 than Q2 (add's <$1.5m/$2m).

Add this to the positive news on drilling that will extend our Yanf. LOM, progression at Kouroussa, progression plus free exploration carry at Dugbe, positive news from Cora and Bunker hill.

It's quiet here at the moment but cheap as chips under 40p & a M/C of £140m!

Was expecting a bit more action here this week. Decent amount of trades yesterday but not volume as I thought. Still seems to be the calm before the Q3 net debt free storm coming our way!

39.26p to sell. Slowly moving up.

Volumes starting to tick up.

The calm before the storm.

News dropping this week. Hopefully that airstrip is ready in time for lift off!

He can get the deal over the line. He just needs to agree with Pelosi and print a shed load more dollars than they want to.
He will really test the ‘Art of the deal’ philosophy in this battle!

@rich surely trump needs to get the stimulus deal over the line before the elections (like next week?). It’s his only chance as he prides himself on single handily being the only reason the stock market goes up (but never down)!

Hi aprogerson,

Regardless of mining success, our debt will only drop from £26m to £19-20m as HUM get fined extra for paying back the debt before mid 2021. So there’s no incentive for HUM to do this. However, announcing they’re net debt free will be a great headline for next weeks Q3.
Having paid £7m debt back and having more than £20m in cash/ processed gold dour on hand after paying down the debt is my target which I believe is achievable and a massive milestone for the company.

Fingers crossed!!!

Last year it arrived on the 21st which was a Monday.
With all the extra cash counting their doing, it could easily be next Thursday.
Hopefully gold will give investors something to think about next week.

Produced 30,373 ozs of gold sold at an average price of US$1,422/oz.

A year on we have got to be looking at a similar number but $400-450 better?

Topped up for the final time. I hope that airstrip is finished so I can collect my money directly!

Surely no-one wants to be out of HUM over the weekend?

I agree sands.

Although Sustainable must have under £9million shares left which should get mopped up between now and the end of the year.

Being net debt free will be their first goal. Maybe this will be something they can look into after Q3 & when gold goes on another run. Buy it up when it’s under £5m might be more manageable? That’s assuming sustainable are going to zero.
They’ve got to balance saving up for the new mine without borrowing much money as that will cost us just as much in interest going forward. Then again if they can borrow money at a decent fixed rate with inflation around the corner then we should do it.

Either way, I’ve topped up this morning and looking forward to our best ever gold price quarter next week. My first purchase in Hum was 38p when the mine was 6months out from being completed! We are due a rerate soon!
GLA