Hummingbird Resources Share Discussion Threads

[goodgrief] 16/4/2019 09:41

Wonder when they're next going to present at ProactiveInvestors? Or are they just going to hunker down and ride it out? Ironically, if they need to raise cash we're most likely to see them in London!

[brasso3] 16/4/2019 09:10

I would wait until the next quarterly results.

I would rather pay 25p and see production coming under control than pay 15p with the risk of eating up all their cash reserves and being stuck in a debt spiral.

[avsome1968] 16/4/2019 09:06

Susiebe

Personally I would hang on can see this dripping to 15p range next 2 months until next update which won't be that good either, wet season due also had major impact on HUM last year, if I buy back in be after Q3 results.

[rickyhatton] 16/4/2019 08:53

Susiebe - "it appears we have incurred 'unnecessary' mining dilution and ore loss"

Note the word chosen is "unnecessary" - that suggests it is resolvable by working with the mining contractor, and by a revised mining plan.

[susiebe] 16/4/2019 08:46

I think its worth holding here and/or buying at this priceAlways a long term hold

[avsome1968] 16/4/2019 08:42

HUR could be producing 15k bopd next 3 months oil proven just need the drill to go well.

[rickyhatton] 16/4/2019 08:42

Not the update that hum trailed in terms of expectations of ore being mined and processed. They are still in process of both understanding and addressing the impact. To await the forthcoming Q2 report on LOM, resource update, guidance, and revised mining plan.

".... it appears we have incurred unnecessary mining dilution and ore loss. We are in the process of implementing additional procedures and geological checks around the mining of ore, which already appears to be having a positive impact on the grades delivered to the ROM"

"We look forward to receiving the updated reserve/resources report in Q2, which will allow us to publish a new Life of Mine plan for Yanfolila. It is also pleasing to note the strong progress we have made on the second ball mill project and we look forward to the positive impact that will bring to our process plant capacity once completed."

[bigglesbingham] 16/4/2019 08:25

Have a look at AAU prelim results plus exploration targets

[sleveen] 16/4/2019 08:16

a triumph of hope over experience...

[jeanesy] 16/4/2019 07:59

Costs are higher than current POG ?Looks like the price here is going to fall on the open imo.

[susiebe] 16/4/2019 07:28

Dan Betts, CEO of Hummingbird, commented:"The period under review has seen the Company resume mining to plan, following a period of remediation work on the pit wall, with a quarter on quarter increase in production of 33%. In the period, production was impacted by ore depletion from the Komana West pit from historical artisanal workings, which was greater than forecast in the reserve model. We are taking immediate steps to reverse the impact of this dilution through working closely with the mine contractor and as we progress deeper in the pits the impact of this is expected to reduce significantly in the near term as we access areas of expected higher-grade ore.""We look forward to receiving the updated reserve/resources report in Q2, which will allow us to publish a new Life of Mine plan for Yanfolila. It is also pleasing to note the strong progress we have made on the second ball mill project and we look forward to the positive impact that will bring to our process plant capacity once completed."

[shortarm] 16/4/2019 07:12

Losing six dollars per ounce of gold???

[borderterrier1] 15/4/2019 22:47

week after week, month after month, year after year. Nothing. This is going under.

[borderterrier1] 12/4/2019 18:24

Mushroom Campbell. 5 bagger at the end of the year? And I thought LSD was illegal over there in the UK? This will be back down to 15p at the end of the year.....if we're lucky. And the video of Bert Monro in Cape Town 2018 was exciting wasn't it? Low cost producer?

[andrewsr] 12/4/2019 17:27

Thanks, UKG. $65m EBITDA for 2019 would be nice & $30m debt repayment!

[ukgeorge] 12/4/2019 16:26

quite a useful website

[borderterrier1] 12/4/2019 13:49

After this length if time, taking into account the glaring mistakes this "management" and Ceo have made and are still making them, how could anyone stay positive with the pathetic state of the share price here? Successful co. share price goes UP, rubbish co. it goes DOWN. Get it? I guess not. So, please get Mummy and Daddy to explain that to you and Mushroom Campbell when they pick you up from kindergarten today.

[new_buyer] 12/4/2019 13:41

One poster is generally positive but does criticise and ask questions whilst the other has 100’s of posts with not one single bit of positivity! Easy to see through the paid deramper isn’t it!

[borderterrier1] 12/4/2019 13:10

And more ramping from Fsj the boards paid ramper who has been saying the same thing now for 2 years.

[new_buyer] 12/4/2019 08:28

More deranping from our boards paid deramper!!

[fsjamescampbell] 12/4/2019 08:05

BT got a great tip for you..........buy some shares in HUM, you might 5 bag from here in 12 months!

[borderterrier1] 11/4/2019 23:14

NB Another couple of years? You are joking, right? And great news on the 2nd ball mill, gleefully jumped on by Mushroom Campbell. Perhaps they should learn to get more out of the ground so that the price paid for that would be justified? Quote:- "We can't get the ore out of the ground. I know, let's waste another 11 million on another ball mill. That will help us to process the ore we can't mine." Great management tactics. Pity the share price responded by going down yet again. But then that's only to be expected with this outfit.

[fsjamescampbell] 11/4/2019 17:37

Cheers Plasybryn.............just seen the tweet, great progress on the 2nd Ball Mill, hopefully that will be up and running towards the end of the year!

[plasybryn] 11/4/2019 16:16

Twitter:Progress on the second ball mill project continues to plan - here's a shot from the first concrete pour last month #HUM #mining #gold #expansion