Hummingbird Resources Share Discussion Threads

[substp] 05/10/2016 12:45

This is not fully funded yet but expect it to be soon.

Wouldn't be surprised if Sapinda and Lindine are still trying to sell shares into the market.

[wilco1000] 05/10/2016 10:09

No real reason why a fully funded company which isn't yet producing gold should take a hit from a falling gold price. Market however works in strange ways!

[spoole5] 05/10/2016 09:17

Why the massive spread?

[sleveen] 04/10/2016 18:13

Gold being hammered.

If there's no overnight recovery expect HUM and other goldies to open lower.

[laptop15] 04/10/2016 18:00

Yes definitely a bit of manipulation going on here....it's just stuck in a range at the moment due to the large placings and the evident overhang. Once it starts to move I believe it will steadily push to higher levels just a matter of when :) Just a bit like watching paint dry at the moment!!

[goldendigger] 04/10/2016 17:46

A bit anoying that the share price seems to drop last thing quite often.

[substp] 30/9/2016 07:46

June 2nd

"The 31,103,425 new ordinary shares to be issued to Lindine Inc. will be issued against an undertaking to either pay US$10,000,000 (i) to a mining contractor nominated by the Company for pre-mining and construction works and / or mining activities required for the Yanfolila Project, or (ii) to the Company on or before 31 December 2016, whichever is earlier."

Is it time to pay up?

[substp] 29/9/2016 08:53

Maybe things aren't what they seem...

Interesting to note that 4 days after the GM vote on the Placing and Subscription (Shares admitted to AIM on the 21st) the UK had their Brexit Vote (23rd) and on the 24th the pound started its slide and the £/$ rate went from $1.48 to todays $1.30.

I figure they would have to sell their shares @ 24.7p to break even today.

There are many companies that pulled out of the UK shares because of the vote. You have to wonder.

The good news is that we already have their money that is earmarked for Yanfolila. They only have @10 million shares or less to get rid of. Hope any catalytic good news (senior debt and start on major construction) won't come until after they've finished.

:-)

[au24] 28/9/2016 10:25

Keeping an eye out here. Read the Mail's buy rec last week.

[charlieeee] 20/9/2016 18:29

Unlikely to be a rollover: usually within the spread, low end. Apart from any thing else, only 4 shareholders have declared interests of this no. of shares or above.

I thought it might be the last 26p placing, a negotiated transfer,but that was only 11m shares not 15m (though they could have added subsequently).

So, looking forward to TR-1 (s) holding shortly, or a cancelled error (the latter being unlikely).

C

[charles clore] 20/9/2016 18:14

Chip - you may be right. For a rollover the price of that balancing trade would have to be very close to 26p

[chipperfrd] 20/9/2016 17:51

The old cynic in me is expecting to see a corresponding late trade go through over the next few days that would indicate the 15m being a rollover.

[charles clore] 20/9/2016 17:31

Seems odd that a 15m buy only manages to raise the price by around 10%

[divmad] 20/9/2016 17:25

So, two TR-1 holding RNSs tomorrow then.

[laptop15] 20/9/2016 16:50

Looks like a huge 15 million buy.... Must be some good news on its way here!!! Lots of activity the last 2 days....very interesting....I smell a leak. The article certainly got some attention too :))

[gaaston] 19/9/2016 20:27

Indeed James. I think this stock is one to safely recommend to an aunt and still be in her will....

[aim999] 19/9/2016 13:21

Interim results due this week.... Also the funding can't be far off, as is the merger of non core assets.....

[charles clore] 19/9/2016 13:18

Is the herd waking up to this? Its about time!

[laptop15] 19/9/2016 11:22

Great article guys!! Looks very cheap compared to the price back in 2010-2011 with lots going on....agreements/funding being made etc. Could even hit 100-150p in a few years or less!!

[pixi] 19/9/2016 08:31

spoole, thanks for posting.

[petebreeze37] 19/9/2016 08:27

As I thought, they've bumped the price up on the back of the 'mail on sunday' article. rightly or wrongly, I'm holding off buying more until sometime in the new year.