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

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


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
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details