The Investment Doctor
Long/short equity, value, debt, base metals

Hummingbird's Acquisition In Mali Could Be A Game-Changer

Introduction

In this article I'll revisit Hummingbird Resources (OTCPK:HUMRF) which I discussed before. Since the first article, the company has changed a lot, as it acquired an advanced-stage construction ready gold project in Mali at a bargain price from Gold Fields (NYSE:GFI) and this new acquisition will be the focus of this article.

Source: company presentation

As this is a UK company, it's understandable the liquidity on the US exchanges is a bit low and for that reason I'd strongly recommend you to trade in shares of Hummingbird Resources through the facilities of the London Stock Exchange where the company is listed with HUM as its ticker symbol. The volume is better there with 21,000...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details