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Primary Recommendation

Hummingbird Resources - Bullish newsflow expected January-March

January 2011

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:
  • 161p
Dan Betts, chief executive of gold explorer Hummingbird, likes to shoot from the hip and makes little effort to hide the fact that investors might balk at the thought of gold prospecting in Liberia, given memories of the country being a war torn and dangerous place. But as he points out, the gold deposits within Liberia are part of the prominent Birimian greenstone deposit, which extends through Ghana, the Ivory Coast, Guinea and Burkina Faso. These are some of the most prolific gold producing regions of the world - so much so that it includes the world's second biggest mine, Obuasi in southern Ghana, with reserves of over 40 million ounces, whilst there are dozens of other mines across the region with multi-million ounce reserves. In mi ...

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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.

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