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HUM Hummingbird Resources Plc

9.22
0.22 (2.44%)
03 May 2024 - Closed
Delayed by 15 minutes
Hummingbird Resources Investors - HUM

Hummingbird Resources Investors - HUM

Share Name Share Symbol Market Stock Type
Hummingbird Resources Plc HUM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.22 2.44% 9.22 16:35:05
Open Price Low Price High Price Close Price Previous Close
8.90 8.90 9.75 9.22 9.00
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 01/5/2024 14:31 by borderterrier1
backmarker I certainly don't know "the details" of anything here, I doubt if even the top management do either. But from the get go (over a six year plus period) this has had an unenviable track record of countless banana skins which obviously must be attributed to someone? And before you come back with the "that was then, this is now" scenario you should probably take a long hard look at how this farce unfolded?

You could start with post 4549 2nd August 2018 from the then co. mouthpiece and Pied Piper fsjamescampbell and follow it with the 73 page dossier that "long and strong" Campbell prepared for the "investors". Campbell is, unfortunately, no longer invested here, after preparing that dossier, he bailed out three days before this dropped like a rock. Strange eh?
Posted at 25/4/2024 15:36 by borderterrier1
Bignads I agree 100%. BUT, shareholders made the choice based on their research on information to hand at the time. That information has proved repeatedly to be incorrect. As you say, that information and the current situation is a result of mismanagement. I believe that if something isn't working, (and it is abundantly clear to all investors by now that this definitely isn't) something needs to change. Unfortunately, it isn't here and the same glaringly incapable management is still in place. Until that changes, IMO this share price won't either.
Posted at 24/4/2024 11:18 by dickbush
Bloomberg

Gold’s Record-Setting Rally May Have Its Roots in Chinese Frenzy
• Spiking trading volumes point to new cohort of investors.
• Shanghai trading has surged at night, when US data hits.

23 April 2024 at 23:01 BST

Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.
After weeks of debate about whether a mystery buyer was stoking the rally, several prominent figures in the global gold market are coming to the conclusion that the major new driving force is a legion of fleet-footed retail investors on the Shanghai Futures Exchange.
Posted at 16/4/2024 08:36 by dickbush
Gold Seen Hitting $3,000 at Citi as Investor Inflows Juice Rally
Citigroup joins list of Wall Street banks upgrading forecasts
Bank’s analysts raise price estimate for next year by 40%.

Gold is set to reach $3,000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc. said, adding to a roll call of Wall Street banks that have raised forecasts.

Analysts led by Aakash Doshi upgraded their estimate for average prices in 2024 to $2,350 and made a “massive 40% upward revision” in their 2025 prediction to $2,875. Trading will “regularly test and breach” $2,500 in the second half, they wrote. Gold traded at $2,387 by 1 p.m. Singapore time Tuesday.
Posted at 13/4/2024 17:44 by plat hunter
More chance of that happening with Coris firmly on charge than a band of disorganised private investors.
Posted at 20/3/2024 14:15 by borderterrier1
TBTT I warned everyone repeatedly about this when my Dubai client lost a packet. I worked in Baku, Azerbaijan for three years and got to know the owners of Anglo Asian Mining. They knew the score here but nobody listened to me, I was branded as the board idiot.

But it is very, very disturbing to me that investors who actually do complain to the appropriate authorities, (I didn't, but I do know some who have done that), are ignored. AIM companies can lie, cheat and do ANYTHING they want to entice investors, and there is absolutely nothing in place to prevent it. So research of any sort is absolutely futile. Very sad.
Posted at 18/3/2024 21:24 by kickingking
I would listen to borderterrier. He been here long enough and has seen it all. One broken promise after another. The Betts can not be trusted. Much better companies out there to invest in with less of a gamble.Above is what I said only Yesterday. Dan Betts has always been second hand car salesman with a gift of the gab to sucker new gullible investors when the old have left. New gullible investors will turn up soon to tell everyone, now is a good time to invest
Posted at 18/3/2024 09:16 by burt777
Absolutely agree as ever about the past.

Like I said my point is now they have to do this or it’s curtains hence the low valuation.

So I am here looking at it from the perspective of I believe they’re no reason they cannot do it based on the belief they have put their jobs in jeopardy.

They either have a mine second mine or that don’t and at the current gold price and the mine plan jaded old investors like yourself might be wholly wrong at this junction.

Yes I do have an agenda I want my investment to work and I am debating my logic which you can see.

I’m clear in my mind you want vindication that you are correct. Most boards on AIM’s job is to raise money and talk up their company and they often fleece investors I agree.

But you cannot argue that Betts is fighting for his survival now in the belief he will succeed as the major investor can and will remove him if he fails.

You have to believe from this point they believe in the chances of HUM to invest such a large amount.

I’m looking forward to your posts if they do hit 10,000 oz a month on the new mine. When visibility of production is known and the mines performing it will have to double in value.

It is a binary bet hence not much trading or volume and that’s exactly why it will either explode or drift if the picture is not clear soon.

I think their will be positive rumblings soon as the grade increases so will the hype

HUM has as good a chance as anything of been successful from this point in its journey.

Your right that nobody believes Betts but I’ll believe the new investors and non executive taking 0.9%

I’m convinced I’ll do well here
Posted at 17/3/2024 22:57 by burt777
As I have said I have followed the story here and never thought yanofilla would create shareholder value. But they did pay off that loan and move on to a second one building the relationship with coris bank. But it seems to me that a lot of risk has been removed in that the mine is built. Commissioned and nearly through the ramp up process. It’s clearly producing low grade gold. So the only thing in question is it a 120-140,000 oz a year operation and is the jorc resource and mine plan correct. I believe it will be.

I can understand the frustrations of long term investors however they had to follow this path to diversify and add ounces and delays and mismanagement has led to this opportunity as debt at its current rate is not that high in this gold environment as all the calculations were done at 1750 gold.

We are now 400 dollars higher. I think once yanofilla underground adds to the grade also this could be a big producer.

If they do get this right then the share price will react

I don’t think the share price has been able to do much the last 3-4 years as it’s been in a growth stage and they have had operational problems

But now everything seems like it has a good chance of success

Like I said Betts and Co are aligned now with shareholders as in if they get it wrong in the next year the African investors will remove him and take it.

But I don’t think they want that and believe it’s an easy investment. Also like I say why would Ernie nutter take 0.9% of the company , he certainly knows his stuff and it’s a huge vote of confidence. I’ve only taken a second look her bases on his investment.

I don’t think people believe the second mines going to get going. But it’s a very large probability that it’s going to produce the stated gold , the ramp up phase is 3 months behind and it’s spooked investors because of the required new capital.

But shares are tight and we know this will move hard if they hit the lower guidance even

Are we to believe the lower guidance? I think actually for once Betts is under promising and I’ve a feeling we could do 200,000 oz this year as it’s often the case a new mine can over perform the first few years when it’s in the good stuff and I think they could plunder the good areas to catch up

It’s all weighted to H2 and all we are really looking for at this point is ‘commercial production’ Q1 won’t be great we know that but it’s the indication of what’s to come once commercial production is reached I expect they might tell us the first commercial pour
Posted at 17/3/2024 13:17 by burt777
Absolutely get that ….. but do they have a new mine or not ? You either believe it or you don’t , coris bank , the African specialist investors. Ernie nutter investing large

Yanofilla was never going to see the company take off , but they have managed to expand with debt.

If they can pay that off which looks likely to me then shareholder value will come

They have no choice to pay it off they have to do this. So all interests are aligned for once.

I’d suggest people don’t really understand the journey can take a decade plus

I think from acquiring the new mine , building it and getting it ramped up has been exceptionally fast. Yes theirs been problems but this is mining and if it starts going well this will re-rate very fast on the expectations debt is easily repaid , not Long to find out I’d suggest.

There are always stale bulls and disappointed investors along the way.

I sold out of HUM 3 years ago as saw this all happening and now I am back at rock bottom valuations to ride it back up

Easy stock pick with a great chance from here

You either believe in what your doing or you don’t

Why do it if not ? It’s a new mine and the gold will flow very soon and the herd will arrive and in a gold bull this will go ballistic when it’s ready and people model the annualised gold production

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