Member Info for twogoals

If we had this deal a year ago we would have bitten their hands off for something to happen with Dugbe. Many even assumed we’d lost it.
We now have a partner who can help us unlock this going in time for the biggest gold bull run of our lifetime.
This is massive!

If we announced we were going alone on Dugbe it would have killed our SP. we always needed help as Dugbe huge!

Dugbe has been forgotten about but now it moves forward without a debt hanging over us.
Great result for us!

Berenberg view: Following the difficult start to the year, the company made significant improvements throughout 2019 and reported its first profitable year for the business. Hummingbird had already reported several key financial figures such total group sales and net debt; however, it is positive to see earnings and profit come in better than our forecasts. We are also encouraged that production guidance is maintained; however, the company flagged continued cost pressures from COVID-19, which may increase AISC by USD100/oz for the year. While this is a slight negative, we believe the relatively high strip nature of the deposits at Yanfolila means that Hummingbird is likely to benefit from lower diesel prices in the form of cost tailwinds. In addition, given that we believe the gold price remains well supported for the year, we expect little impact on FCF generation potential. Overall, the deleveraging story remains intact, with a net cash position expected by the end of 2020 (we forecast net cash of USD24m for end-2020). Furthermore, the 2020 exploration programme is providing encouraging drilling results, which are expected to prove up underground resources at Komana East, along with targeting new greenfield deposits.
? We value Hummingbird on an SOTP basis, with a DCF valuation for Yanfolila and Dugbe.

https://www.dropbox.com/s/0m09v1f1r87e8yt/Hummingbird_06-2020-03_Flash.pdf?dl=0

End of Q2 we will have roughly $36million in the bank with $28million owed.

I'm sure we are already net cash positive but not long until Q2 is over to confirm this!

https://hummingbirdresources.co.uk/wp-content/uploads/2020/06/HUM-Corporate-Presentation-June-2020-DRAFT-5.pdf

The new drilling results look really good and very close to the plant. All additional to add to LOM.
https://www.rns-pdf.londonstockexchange.com/rns/8019O_1-2020-6-3.pdf

This was an opportunity for the company to reveal any problems. None announced.
Only a likely extension of LOM.
No forward thinking announcements so expecting some big announcements in the next one.

You could be right. I'm not that fussed if it comes as long as no disruptions to the mining and POG continues to fly. We are clearly net debt positive now so just keep up the good work HUM.

Surely HUM's release today was a nice starter before the main course tomorrow?
Dan would like to discuss todays announcement in more detail with other news coming out.

Last 45mins of buying might tell us the answer.

Only 4 more weeks of mining until Q2 is done and dusted. It's been a great quarter for POG and hopefully our petrol costs have been much lower this quarter (which I guess is about 1/3 of our costs). All good for our AISC.

Haha. You guys!

I'm laughing that there will be people coming onto the message board to find out more about hummingbird and they are literally finding out more about the birds! haha
For more info on the company click here https://www.lemonfool.co.uk/viewtopic.php?f=93&t=23676
For info on the actual birds click here https://en.wikipedia.org/wiki/Hummingbird

News out tomorrow I reckon.

Every day we wait for the RNS $200-250K is added to our bank balance sheet. Nothing to worry about this tiny delay.
I want them to spend as much time as they can with it, cos it’s big news!

Just warming us up & to give the little guys one last chance to buy in under 30p.

I agree, we must remember PI's are doing very little to eat into the seller's shares. Once we start to announce any of the below then the relevant funds/ big fish will mop up what's left.

In the next 7 weeks we have a minimum of 2 big updates at record POG:

Announcing we're net cash positive (M&A or Divi POA)
Drill Updates (extending LOM)
Update on production/ confirmation we have not been affected by covid.
Cora/ HUM update & POA
Dugbe update

(Even the price of silver is helping our bunker hill investment, but we don't like to talk about that).

Watch out... Hummingbird is ready to fly and catch some big fish!

I've been offered 29.3p to sell. Such a tight spread!

"For HUM, production is now up to levels long talked about. They have delivered several quarters on what they said they would. Which means the cash is flowing in. 2019 EBITDA should be about $40m. That is the important number for investors in the 2019 results.
https://www.lemonfool.co.uk/viewtopic.php?f=93&t=23676
2020 is more important. With gold at $1,700 (1,725 today), analysts are forecasting nigh on $90m of EBITDA in 2020. That is truly transformational for the business. From $39m net debt in 2018, they were down to $9m in the first quarter of 2020, and they expect to be net cash in the second half (imminently). Analysts expect them to end the year at $24m net cash, rising to $61m in 2021. That would be a whopping 48% of the £ market capitalisation today. This is while maintaining an exploration budget to help keep the replacement ratio positive (of resource used to resource defined)."

We need to keep seriously start to look at how we can get HUM out there. So many things going for it during this gold bull (& silver ;) ) Run!

All the other mining companies seem to have a Twitter groups. Would anyone be interested in joining one for HUM?

https://twitter.com/hum_gold/status/1266349796484435969?s=21

Bigger chunkier trades rolling in now. Could be an interesting day.
You would not want to be out of this...