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Hummingbird Resources

February 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HUM
  • Price:
  • 157p
Hummingbird, a main recommendation in January ‘11, has suddenly sprung to life. The company is the owner of gold exploration licenses in Liberia and according to one of the wire services it is expected to imminently report a deposit of as much as 3 million ounces. Last September, Hummingbird lifted its reserve estimate at the Dugbe pit of its project in eastern Liberia to 1.8 million ounces and it is said to be targeting a maiden resource of about 1 million ounces at the Tuzon pit within a couple of weeks. Await developments. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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