Hummingbird Resources Ord Shs HUMRF

Metals & Mining Gold

Hummingbird Resources PLC is a multi-asset, multi-jurisdiction gold production, development and exploration company. The Company has two core gold projects: its flagship asset, the Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea. It also controls the Dugbe Gold Project in Liberia. The Yanfolila Gold Mine is located in southern Mali, and is a high-grade open pit mining operation with significant underground potential. The Kouroussa Mine is situated in the prolific Siguiri Basin in Guinea and has a high-grade resources base of 1.2 million ounces (Moz) at 3.02 grams per ton (g/t) and Reserves of 647 koz at 4.15 g/t. The Dugbe Gold Mine is situated within the Dugbe Shear Zone and crosses its Dugbe and Joe Village Licences. The Dugbe Shear Zone is located in south-eastern Liberia, located 40 miles by road from the deep-water port of Greenville, the capital city of County Sinoe. The Dugbe Gold Mine is made up of three mineral-rich discoveries (Dugbe F, Tuzon and Sackor).

OTCPK:HUMRF - Post by User

Hummingbird Resources Ord Shs

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Comment by ts9222on Apr 20, 2017 2:24pm

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Post# 26144497

RE:Adding

Roxgold only started moving up around one month before they announced start of production.
I'm hoping HUMRF stays down while my other large holding GCM generates a lot of cash this year and then move half of it into HUMRF (time value of money, opportunity cost). GCM crazy undervalued high grade producer. High grade producers are supposed to trade at a premium, but they trade at a huge discount.
I'm still holding a decent chunk of HUMRF in case it moves up earlier.

One reason HUMRF may possibly be slow to move up is it's difficult to trade on OTC and many people avoid OTC, while AIM in London for penny stocks doesn't have too good a reputation. But who knows, anything can happen.