Hummingbird Resources Share Discussion Threads

[zhockey] 17/9/2018 12:56

Well the market liked the deal when it was announced and went sour when it was dropped.

[rickyhatton] 17/9/2018 12:40

Not a mistake.
Maybe they will go back in and take AGG out.
If you cant work with another company, you cant work with another company

[redtrend] 17/9/2018 12:37

In hindsight it was a very smart move, however more details should have been provided as to why the LOI was terminated.

HUM were prepared to pay $8m for 20% of AGG. Based on AGG's current market cap on TSXV, in total AGG are worth $9m! HUM may as well just take them out at a 50% premium and get 100% of AGG and all their assets for $14million, if they were still interested in the assets.

However AGG's last set of drilling results didn't set the world alight.

[zhockey] 17/9/2018 12:00

Hum made a big mistake in dropping AGG IMO. The share price started its downward path at that point also.

[darola] 17/9/2018 11:43

There was some minor anticipation that Tekeledougou might provide some near term production opportunity through Yanfolila,but that now appears to be quashed. So it’s possible one or two may decide to cut ties.

[redtrend] 17/9/2018 11:31

Not really as the Market cap of Cora is already so low our 30% position isn't worth much as it is nor probably priced in to the HUM share price at all. Whether Cora goes up or down, it doesn't really have a material impact to HUM, unless they had some absolute bonanza find.

But it's not good news for Cora and for time being limits HUM's expansion options in the region through the Cora vehicle.

Hence why having multiple fingers in many pies is the way to go. Other avenues like Bunker Hill with very promising IRRs in safe jurisdiction start becoming more attractive...

[divmad] 17/9/2018 10:58

Is Cora's rns today a downer for Hum?

[zhockey] 17/9/2018 10:18

Just remember that a profit can turn into tears in the rain.

[jbravo2] 17/9/2018 10:06

@zhockey
18-20p. Whatever, it was a bad call. Compounded by putting that money in a binary oil bet which didn't come off. But like you say its a lot easier with hindsight. We've all had losers.

@brasso
I don't really think he was deramping, more a case of justifying the decision he'd made. Fair enough in my book. There have been all kinds of sellers/derampers/those not convinced by the argument over the years on AAZ and they've all been proved wrong. (resourceful selling 1m shares at 7p takes the main prize) It doesn't really matter. They're not big enough players to change the market. We now have the same here with bt and his posts on HUM. I'm not convinced by his arguments either but HUM have yet to prove him wrong. They will though. Give it time.

@zhockey
I still owe you a load of champagne when I sell AAZ. It's now looking like a few bottles

[ukgeorge] 17/9/2018 09:27

Anyone from here attending the presentation this week?

[ukgeorge] 17/9/2018 09:27

Anyone from here attending the presentation this week?

[zhockey] 17/9/2018 08:15

Brasso, sub 15 is it now lol?

I held AAZ on and off over 10 years. I remember when it was 1p in c2008. More recently I had bought a lot at 4p and sold most just over 20p I recall. In that case they had shut their mine and there was a fear on the resource levels and I wanted to preserve profits.

P.S. I have mentioned PVR I was talking about HUM and Gold.

[brasso3] 17/9/2018 07:03

Zhockey. AAZ should hit 60p in the coming weeks/ months. It was a very bad call to bail there at sub 15p.

Apologies for O/T.

[jwhitw] 17/9/2018 06:20

Zhockey
Apologies,but it was this HUM forum that you were ramping PVR .

[zhockey] 16/9/2018 19:13

I guess these posters who like to point out past losses have never made a bad bet themselves?

PVR was a gamble, it didn't come off but if it did the stock could have been a 50 bagger. It's probably still good value at 10p, but what on earth is that to do with HUM or gold??

[jwhitw] 15/9/2018 20:00

Was also ramping PVR at 18p quickly down to 6. Trades about 11 now. 18 months later.

[borderterrier1] 15/9/2018 01:47

new_buyer Lots of investors share my opinion now. Please read the LSE forum, comments from Matchmade and others etc. Speculate all you like but this company has and absolutely pi$$ poor relationship with investors....... if it even cares at all. Unfortunately for us, history repeats itself? I guess now all we can hope for is a TO?

[new_buyer] 14/9/2018 22:37

Who had less than 5 hours in the sweepstake?

[borderterrier1] 14/9/2018 22:19

Divmad I understand that. But a year ago today, POG was $1,350. Then came all the good news, gleeful projections/calculations/speculations by others, on here especially Fsj. The "wait until mine completion, 10 bagger guys." Absolutely sweet FA, stagnation and backward traction of the share price And all the time the Bod, CEO are happy for that to continue without intervention.......or they appear to be and invest in controversial projects. Perhaps you should ask yourself why?

[divmad] 14/9/2018 21:37

Pls listen to David Neuhauser, interviewed yesterday on Bloomberg, on the current state of the gold market, and three of his top picks. ALL have fared poorly over that same period, and he is an experienced event-driven and deep value hedge fund manager.

hxxps://t.co/gqezQ9CKTa

[borderterrier1] 14/9/2018 21:20

Divmad Nothing to do with the POG, that has only happened latterly. With all the good new/glowing reports/speculative figures etc. over the last year this has not only stagnated, it has been on a downward spiral. What makes you think anything will change in the near future if it didn't respond then?

[divmad] 14/9/2018 21:04

Have you seen a chart of the gold price lately, BT? Whether over 1 year or 5 years, Hum's share price tracks it fairly well. Which "someone" is controlling the POG market, you had better ask.

[borderterrier1] 14/9/2018 20:54

new_buyer You're not listening again but please don't take my word for it. Read the posts on the LSE forum and don't be such an idiot by listening to Darola and Fsj's repeated bleating about how good this is. It doesn't matter. This won't move until it is allowed to move by the Bod and CEO because they don't care about the shareholder value. In other words, there isn't any. Don't you get it yet?

[zhockey] 14/9/2018 16:26

Your memory is obviously "better" than mine!