Member Info for twogoals

We need another tactic as the market doesn’t like the current one.

A 1 or 2p divi would cost us what $4.5m or $9m?

By the end of the year we will have paid all debts covered and an additional $35m-$40 in cash/assets.

Just no reward for us shareholders who have been here for years & are at the start of a gold bull run.

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I just don't get it. I went through my back of fag numbers and they can clearly afford to reward shareholders in our current state and positive outlook.
No big PR drive on transformational news and then every director and his wife keep buying keep shares.
I guess the positive spin of this is follow the money...

Can directors/ family buy shares when they know about these takeover talks?
If we were down the pub I'd accept a cold cider please Tiger.

What do we think Gold needs to break out? 1745?

Bert was very good.
I think most people are not calling for a nice shiny PR team. I'm guessing most people on here just want an opportunity understand more about both deals. A bloody Vox call or a crux investor interview would be fine.
When I emailed the company I suggested I would do all the work and organise a simple investor call where we could pre submit some questions.
It's not that hard nor costly, will take up hardly anytime and it's their job!

I've contacted the company suggesting we organise an investor call as we would love to hear more about the recent purchase and future strategy of the company.
They have so much to talk about.

Hi ngnlnv,

Did that response come from an email you sent them?

Exactly. The AGM was so hard to find.

No attendees just 2 people from the company. With covid, that’s fine but...

All questions from registered SH must be emailed in and they will be replied to personally.

https://hummingbirdresources.co.uk/wp-content/uploads/2020/06/c116556_CCL_High_interactive.pdf

I’m calling bs on this excuse. Not having a PR company does not stop organising a bloody zoom webinar with shareholders.
The company through its own social media channels have the ability to discuss recent positive news.
They’ve even made the AGM difficult to virtually attend.
I’m starting to regret defending Dan now when share holders are being treated so badly.

Yes, that's a price target 75% higher than where we are at.

https://twitter.com/Trisseswe/status/1270253006831968256?s=20

You were wrong mate. 15.30 was the time it was drop kicked today!

Most companies do share holder calls or even media interviews.
HUM’s relying on Chinese whispers!

https://cube.investments/hummingbird-resources-spreading-its-wings-hum/

When I looked at the report there were other costs that I believe we lose this year compared to last year which should help the balance sheet.

Dugbe MDA (Cost say $2m).
Second Mill (can't remember cost).
Taurus ($3.2m)
HUM will not be paying about $10million on these three things alone in 2020. That almost pays for Kouroussa Gold Project alone! This mining game is easy, haha.

HUM sold 112,686 ounces of gold dore generating revenue of $155.1 million (2018: 91,546 ounces for $116.3 million), a 33% increase. Average realised prices for gold dore was $1,377 per ounce (2018: $1,271 per ounce). The gold dore is sold at a discount to the refined gold price which approximates to the refining and transport costs that are borne by the customer.

By the looks of this chart we follow the average closing price well. We all know how well POG is improving but if we produce the same amount this year as last we would earn an extra $17million just on POG gains (11%). This will hopefully be the floor or our gains this year!

Year Average Closing Price Annual % Change
2020 $1,615.04 11.61%
2019 $1,393.34 18.83%
2018 $1,268.93 -1.15%

https://hummingbirdresources.co.uk/wp-content/uploads/2020/06/HUM-2019-AR_interactive.pdf
Page 26

Re. POG. Just reading through the report. I found this as quite interesting in terms of demand for gold generally.

HUM sold gold grain and investment gold coins worth $1.8 million (2018: $0.2 million) as part our SMO Gold initiative.

That's a significant jump in demand for gold. I was one of them customers as I bought 2 coins. Every little helps! https://hummingbirdresources.co.uk/wp-content/uploads/2020/06/HUM-2019-AR_interactive.pdf

The lack of PR is a disgrace unless there’s something about to come out that will add more value/ discussion to the future strategy.

I just cannot believe this is it.

No PR on our first year of profit.
No PR on Dugbe
No PR on a new country mine

The Betts family continue to load up at these cheap prices.

At the EOY we could easily have $30m cash with $34m set aside ready to pay off debt.

I agree with what 'iWantThatOne' said earlier. "In my mind, free cash flow can be used to a) pay an annual divi of (say) 2p at a cost of $10m b) fund the Kouroussa BFS later this year at a cost of (?) $10m and c) part-fund the Kouroussa build to the tune of, say, $20m for each of 2021-22. That’d leave c50-70m of debt for Kouroussa, approx same as Yanfolila."

No news or PR today. What has Dan got up his sleeve? (and no-one say Dugbe cos that's in his back pocket! ;)