Hummingbird Resources Share Discussion Threads

[darola] 22/7/2018 11:12

No, not yet. I’d rather they use it to grow the business. 1. Firm up the viability of Dugbe to get a JV in the bag. 2. Extend the capacity of Yanfolila to consistently knock out 40koz a quarter. 3. Get the LOM to 12+ years with JORC compliant data. 4. Get to $20m surplus AFTER net debt. 5. Keep a kitty to move fast on acquisitions. I don’t need an income from HUM, I’d rather they use the cash to grow the business and increase its share price Options are a bit of an easy ride for the BOD, but then most AIM companies have some element of “lifestyleR21; to them, the dilution is relatively small, they are issued over a longish period of time and I think are irrelevant against the bigger opportunities to grow HUM.

[charles clore] 22/7/2018 11:03

D - it would be nice to see a bit of free cash coming back to shareholders in a similar way to the directors' 1p options, wouldn't you agree? No matter how it is described, those 1p options are nothing less than a bonus which means the directors are helping themselves to the company's cash before the shareholders.

[darola] 22/7/2018 10:57

“Arms length” and puts HUM in the driving seat for any optionality. If it’s not going to make money then they’ll walk away and get some interest on the loan, if it stacks up then I think they’ll look to take it over and we could have another Yanfolila on our hands. Personally don’t care what they mine, so long as the free cash keeps growing.

Edit: there’s enough experience on the HUM board now to make sure this is a strategic fit and not a punt. Whilst we need to know more about it I have to trust them above a few rattled PIs.

[zeberdie] 22/7/2018 10:55

6.30 and 7.45 Looks to me that they are wanting to sell Concentrate to smelters and not do the nasty smelting process themselves.

[peterpowell21] 22/7/2018 10:51

got this of LSE
worth a watch.
But i can't really see why a lot are going over the top about this loan. because thats all it is at the moment a $1.5m loan.

[divmad] 22/7/2018 07:38

But he won't give up. True to his doggie name.

[charles clore] 22/7/2018 01:08

zeb - some people just aren't cut out for it.

[borderterrier1] 21/7/2018 14:18

Has anybody taken the time to research the Steven Betts group of companies when Hummingbird was trading at 170p a share in 2010?

[rickyhatton] 21/7/2018 10:22

"In addition, there was also good news both from the Dugbe Gold Project in Liberia and on business development. Latest news is that the Mineral Development Agreement (MDA) for Dugbe has been passed through the Senate and the House of Representatives and is now going through the final phase of approval from the Liberian President. The MDA is important as it will provide the long-term, 25-year framework for future mine development at this project. The 4.2Moz Dugbe Gold Project has a Preliminary Economic Assessment (PEA) for a 125,000 ounce per annum mine. There is obvious scope however for a far larger project which is expected to be outlined in a forthcoming DFS. Ongoing negotiations with well-financed joint venture partners could fund the development through to production. Attention was drawn in this latest announcement to additional drilling that will be required at Dugbe to increase the competency of the Resources as part of a DFS. Certainly, there is significant scope to target resource increases at the Tuzon and Dugbe F deposits which are both open at depth and on strike; plus, other under explored targets nearby."

[dianecarberry] 21/7/2018 10:18

"Diane if you do not want to to be called vile how about backing up your statements. Which broker states 22p?"


superstockman


W H Ireland my broker.

[plasybryn] 21/7/2018 09:37

Could it still be the Beaufort fall out? Not expected to be resolved till Sept. Other AIM stocks also effected I suspect.

[charles clore] 21/7/2018 09:18

The company has bad vibes which means there is probably a plot against it. Incredible negativity exists for a company that has so far done everything on time as promised, creates jobs for the indigenous population and makes a lot of dosh.

[gold panda] 21/7/2018 08:40

does that list have more than three items? I can only name:
- 1p options
- Dugbe licensing issues
- price of gold

what are the other dampeners that you see?

You know, it's funny how when the share price of a company falls people start looking for reasons and talking about manipulation. I'm seeing that here, with my cobalt plays such as CLQ and my facourite bio play Portola. Sometimes the reason is just lack of momentum and people have no patience

[divmad] 21/7/2018 07:50

No, gold panda, you should definitely add Dugbe/Liberia to the list of potential dampeners on the Hum sp, and as a reason why it has gone nowhere since first gold pour at YF.

[gold panda] 21/7/2018 07:46

It seems odd to me that investors here seem more interested in a 1.5 million loan to a U.S. company than the developments around Dugbe

[moljen] 20/7/2018 23:14

Hi Dianne, good afternoon or not? VRS up a tad and a bit more, Hum treading water and not breaking down. Both on a cusp of a serious breakout, think you're on the wrong side of the fence both times. Time will tell but as holding both mines just a paper gain or loss till realise, hope you're not naked on either.

[superstockman] 20/7/2018 23:14

Diane if you do not want to to be called vile how about backing up your statements. Which broker states 22p? Where do you find any material that backs up your absurd judgement that gold should be worth less than $1000? This contradicts common sense. I'm open to all opinions as common sense appears to be a thing of the past these days.

[zeberdie] 20/7/2018 21:50

Why ? Because to profit they dont have to DAMAGE anyone. Now thats a word i like. Mmm

[new_buyer] 20/7/2018 21:30

You are vile