Hummingbird Resources Share Discussion Threads

[new_buyer] 22/7/2018 20:03

Bearish? Pathetic excuse for a human being.

[dianecarberry] 22/7/2018 19:32

Ramp this share and lie about ts prospects and that's OK.

be bearish and you are called "vile"

Pathetic.

[new_buyer] 22/7/2018 18:37

Vile person

[dianecarberry] 22/7/2018 18:27

This is a stonking short.

Simply was overvalued.

worth 22p tops says my broker

sell

[dianecarberry] 22/7/2018 18:25

Zeberdie is p$$$ed of at the moment because he caught PeterP FK ing a donkey instead of him.

LOL


I couldn't have put it any better myself.

[dianecarberry] 22/7/2018 18:25

Zeberdie is p$$$ed of at the moment because he caught PeterP FK ing a donkey instead of him.

LOL


I couldn't have put it any better myself.

[peterpowell21] 22/7/2018 17:15

Divmad - 19 Jul 2018 - 07:44:16 - 3686 of 3911 Hummingbird Resources - HUM
Excellent results. I note more discussion about Dugbe developments so that appears to be gaining traction with Hum as a medium- to long-term area of growth. And now a possible diversification into the USA. Hope they don't bite off more than they can chew.
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So davmad
Why did you not care first time you read about this investment?
I do hope you are not easily led by other peoples opinions.
Next you will be agreeing with diane and BT.

[peterpowell21] 22/7/2018 16:53

Hardwork

you say. They've got to pour 100k ounces between April and Dec 2018 - they're not on target for this, so 1/3 tranche behind schedule.
You really are hard work, pardon the punt.
Most companies would be very happy pouring 100k a year never mind doing it in 9 months.As zeberdie has pointed out They poured 33,101 onces in q2. Well that is 200oz off target, you really are a hard task master.

[divmad] 22/7/2018 16:44

Peterpowell, I think at least a dozen PIs have complained about Hum's expansion into Zinc in America plans, before you self proclaimed to be the first to step out of line. Wakey wakey.

[darola] 22/7/2018 16:35

Are you Warren Buffet? You have an incredible 6th sense. I’m so glad of your insightful posts, you have saved me from my dilusion that $19m net back was a good result - how supid am I.

[zeberdie] 22/7/2018 15:52

33,101 ounces of gold poured . thats only 200oz off target for the quarter and it had been raining for some of the time.

[hard work] 22/7/2018 15:34

They've got to pour 100k ounces between April and Dec 2018 - they're not on target for this, so 1/3 tranche behind schedule
1/3 tranche - AISC has to be $750/ounce based on normalised 1250 gold price and $0.60 oil. Don't know if this an average across the timeframe or to hit at a certain point. AISC was $790 in the quarter, with average gold at $1307...and don't know the normalised AISC
Final 1/3 is more subjective - based on individual's performance, safety record and Board's discretion

Finally, 63% of the 6.1m shoes go to employees, not the Directors

In recognition of the critical importance of delivering efficient production from Yanfolila in the first period of operations and to retain and incentivise key team members, and in addition to cash bonuses, the Company has granted share options over the Company's ordinary shares to certain group employees and directors of the Company under the rules of HIPPO2018.


Name Position Total number of shares
subject to options
granted under HIPPO2018
Daniel Betts Chief Executive Officer 1,367,188
------------------------- -------------------------
Thomas Hill Finance Director 879,688
------------------------- -------------------------
Other Employees n/a 3,910,943
------------------------- -------------------------
Total Directors and
Employees 6,157,819
-------------------------


As the core team is developed further awards may be made under HIPPO2018 subject to a maximum dilution limit from HIPPO2018 of 5% of issued share capital.

The options under HIPPO2018 have been granted over ordinary shares in the Company of GBP0.01 each ("Shares") and have an exercise price of GBP0.01 per Share. Subject to the performance criteria being met the respective tranche, under normal circumstances, the options shall vest 50% by 31 March 2019, 25% by 31 December 2019 and 25% by 31 December 2020 subject to continuous employment with the Company:

(a) Production Tranche: 1/3 of the options will vest if 100,000 ounces of gold are poured between 1 April 2018 and 31 December 2018. The number of options vesting under this tranche shall be reduced proportionally at each date by 10% of the total for each 1,000 ounces produced in the period less than the targeted 100,000 ounces (i.e. if production in the period is 90,000 ounces or below then no options of this tranche will vest).

(b) Cost Tranche: 1/3 of the options will only vest if the Yanfolila AISC (as announced by the Company) as normalised for a US$0.6 / litre fuel price and a US$1,250 gold price is equal to or lower than US$750 per ounce sold.

(c) Performance Tranche: 1/3 of the options will vest based on the individual performance of the Participant and the Company's safety performance, which is at the Board's discretion.

Once vested, any options may be exercised during a set exercise period determined by the Board and notified to the option holders. This will be a minimum of two weeks period per calendar year when the Company is in an "open period" under MAR (either two consecutive weeks or two separate period of one week each). Unvested options will normally lapse on cessation of employment for any reason. The option holders will retain vested options following cessation of employment and will have two years from the date of cessation of employment to exercise, after which the option shall lapse.

[zeberdie] 22/7/2018 14:54

Im happy with the progress, its just the awarding a bonus for doing as they said they would is a bit off. the number i always remember was 132k in the first full year of production. Beat that number then fair enough. Its not like they are working for peanuts. Im not at all vexed by this but it does make me raise my eyebrows. Dans 1M shares at 30p are £6000 week every week for the year.

[peterpowell21] 22/7/2018 14:50

Buy when others are fear full.?

No, buy when they mark a share price down for no reason at all.
Especially when its making good money, and just produced a fantastic update.

[peterpowell21] 22/7/2018 14:36

Zeberdi.

Well if you look at the start of Aug last year the share price was 34p.
Now can anyone argue that a lot of progress has not been achieved over the last year.
Yet the share price is lower. Can you blame the management for this? i say not.What more could they have done. Don't get me wrong if the management step out of line i will be the first to complain. Will the real value ever be seen here, who knows, this is AIM and they will rise a dead dog 30-60% on volume alone one day.But then you find a week later after the share price has been sold down you get hit with a dilution. Well i dont think there is any chance of that here, so buy on the dips that appear for no reason at all. Can anyone give any reasonable reason why the share price has not gone up after that update?
I have given this share great thought and if gold continues to rise or even hold it friday rise i will be in for more in the morning at this price.
But good luck what ever people decide to do.

[zeberdie] 22/7/2018 14:12

Sold a few on Newcastle quayside this morning to an unsuspecting couple of mugs. Laughing i am. Will still be able to feed the bairns. Toppa.

[darola] 22/7/2018 14:08

Already on it. Have set my alarm for 08:00 tomorrow.

[dianecarberry] 22/7/2018 14:05

"1, the share price not rising on Q2 fantastic update."


Fantastic update ?

It was nothing of the sort.

It was a poor update.

sell down to 22p

[peterpowell21] 22/7/2018 12:51

Darola22 Jul '18 - 11:21 - 3884 of 3894
0 2 0
I don’t its think Mali politics holding HUM back, everybody needs to step back. Gold is having a wobble and the whole mining sector is out of vogue. I have a “virtual”; portfolio with around 15 gold miners in it, it’s down 18%. My holding in HUM is down about 8% in comparison. This is what contrarian investing is all about. Sticking your neck out when a price is falling but the fundamentals are compelling. Your have to tackle your insecurities but remain cool headed. HUM will throw out cash quarter after quarter. It will add resources, add capacity and I trust the BOD to make savvy acquisitions. The new hires on the BOD have significant experience they’ll guide Dan and the less experienced BOD members and sharpen the already proven delivery skills. HUMs value and opportunity is hiding in plain sight - the patient will be VERY well rewarded here
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darola
hope you don't mind me re posting your post BUT it says it ALL.