Hummingbird Resources Share Discussion Threads

[ilostthelot] 16/4/2019 13:10

I'd much prefer to hear the bear case as well so thank you. I've only had a quick look through recent RNS s. There is only potential here. Until i see profit Q after Q I will not invest.

[borderterrier1] 16/4/2019 12:47

ilosthelot. This company is a good example of absolute arrogance, ignorance and spectacular incompetence. Congratulations to all the investors that got out when I should have done. Its a strange perception. I was repeatedly branded as a deramper on here by New Buyer for speaking the truth and now 99% of investors agree with me. And yet Fsj who visited the mine and continually pumped this up was hailed as a hero! Well, where are you now Mushroom? Still "long and strong" or have you bailed out again like you did last time on the bad news? How "lucky" you were!

[ilostthelot] 16/4/2019 12:37

Border terrier. Perhaps you're right. The 1p share options are quite generous.

I've never bought one share here. It's on my watch list and it remains on my watch list. Good luck to you.

[borderterrier1] 16/4/2019 12:18

ilostthelot. I guess you and others don't get it? This lot haven't a clue what they are doing. Unless the "experienced management" are replaced they will continue to lurch from crisis to crisis until this eventually goes belly up. But why would they care with the ridiculous salaries and share options? Pathetic.

[ilostthelot] 16/4/2019 12:09

If they manage to sort things out with better mine planning perhaps todays price will be close to the bottom.

Mine improvements aren't always a quick fix. I'd rather wait and buy in at a higher price knowing Aisc are lower and profit is being made.

Continue to watch for me.

[borderterrier1] 16/4/2019 12:07

Like I have been saying for sometime now. Bad management. But I suspect New Buyer and Mushroom Campbell will be along shortly to prop this up as they always do with their delusional projections, telling us all this is Honky Dory. What a pair of idiots they are. 10p by Christmas.

[brasso3] 16/4/2019 10:29

Goodgrief

I would agree that more than 50% of the time when small AIM companies turn up at Proactive they are on the hunt for funds.

[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.