Hummingbird Resources Share Discussion Threads

[bigglesbingham] 07/5/2019 22:53

I'm not invested here but have a reasonable stake in AAU and the primary reason I invested there is the management, they have huge experience and purchased 11% of the company shares on open market. There is certainly bad luck here but bad luck can be mitigated by experience. AAU planned for rainy seasons and stored ore under cover resulting in record quarter results in a very wet rainy season I'm sure there are preventative measures an experienced team could have put in place to reduce the impact of their bad luck. Real problem for me here was the awarding of options at a penny, to me it smacks of young inexperienced team seeing a goldmine, underestimating potential problems and looking at ways to exploit it for their own ends when things seemed to be going well. I know people invested here and I genuinely hope it does but without new blood at the top this doesn't give me a good feeling. I agree that certain posts have been near the knuckle which is to be expected when large losses have been incurred but think everyone would benefit from a more tempered approach. But wish everyone in HUM the very best of luck and I'll keep watching . The only reason I posted was one poster stated that the bickering would turn people off. What it did do was lead me to do significant research before having a punt and that research led me to the conclusions above.

[bmnsa] 07/5/2019 17:13

I was on the brink of buying HUM when the share price was 30p way back in the spring of 2018.
My caution was tempered by my past Shanta losses.
Now look at both of them !!

I would now be DOWN 50% here and even more with Shanta if I had not sold them when I did some years before that.

[new_buyer] 07/5/2019 09:43

Are they borrowing £10 mil to get through the rainy season? Where did you read this or have you just picked that off the moderated thread and tried to imply it as fact? More lies BT, you are not very good at them so if I was you I would give up!!

[laurence llewelyn binliner] 06/5/2019 08:05

As unpleasant as it is to see the share price soften, the fact is the AISC in Q2 will come down as the pit wall remedial work costs filter out, and the new ball mill will be adding to milled volumes from Q3, so the fixed costs per ounce will come down still further..., the share price will recover and the FY guidance Ounces remain the same..., it’s a learning year for the company, but from 2020 we can really start to smash the debt down and then talk about dividends.. :o)

[edit] nice update from CORA, can't do us any harm..!

[casual47] 05/5/2019 16:28

Why would they need to do any placing and if so why would it need to be at a discount?

They have a producing asset. Should be simple enough to use cash flow and short term banking facilities to see through the year.

[bookwormrobert] 05/5/2019 16:06

Hi UKGeorge!
I agree that it is critical that HUM holds its 16p support. It's under threat right now, but it's not quite gone yet.
If 16p does go, then it's free fall. Is the market sniffing out a bailout equity placing in the works? HUM don't report their financials in enough detail to put together a full picture of the company's books (in itself a red flag), but from what we do know it's reasonable to think that they must be short of cash.
A 10m quid equity injection at 12p to get them through the rainy season?!?
This company really needs to be taken over by experienced mining professionals, but I guess that Dan Betts and the other fools, spendthrifts, and incompetents who sit on the board will fight a takeover down to the last private investor. It's a pity, because Yanfolila is not a bad asset in itself.

[borderterrier1] 05/5/2019 00:59

New_ostrich. Knowing the FACTS here, (please read the above mentioned article) only a complete moron like you would continue burying their head in the sand to support this. Perhaps Fsj will give you a share of his spoils?

[new_buyer] 04/5/2019 23:56

“ BT's rigor mortis negative outlook” LOL!!

[borderterrier1] 03/5/2019 18:13

referee1 You hit the nail on the head with "yet just so happens to sell before every dip." Quote from the 1880's mining communities in the USA:- "A gold mine is a hole in the ground with a liar at the top". IMO this will not improve until the guy that makes the decisions is removed.

BTW todays Simply Wall Street article states:- "After five long years the Hum share price is down a worrying 67%." Hardly impressive, is it? Get rid of the Muppet Show or this is DOOMED.

[ukgeorge] 03/5/2019 16:20

Looks like the next leg down......

[borderterrier1] 03/5/2019 15:07

Fsj. As I keep telling you, Yanfofailure is 10 % of my portfolio and rest of my picks are doing well. I can afford to lose all my investment or at least wait another 5 years in case this decides to go N. Others, (like GB), unfortunately can't.

But in any case, as the official Hum mouthpiece, I have complete confidence in YOU Frank! I know your a smart guy. You KNOW that everything is 100% right with this. You KNOW when to buy and when to sell. You have first hand information, why would I ever doubt your opinion? Yanfofailure!!! Loooooong and Stroooooong!

[borderterrier1] 03/5/2019 13:28

Fsj. The management are very noncommittal with Yanfofailure, not Looooong and Strooooong. That is not a good indication of where this is going.

[borderterrier1] 03/5/2019 12:43

Wildcat1. OK, You have my number. You've got me. Its a fair cop. All the investors that agree with what I say are actually the same person. Borderterrier AKA Perrystalsis AKA UKGeorge AKA Colonel Drake AKA TigerbytheTail and all the others. No fooling you is there Wildcat? Sorry you've lost so much money. Keep believing Fsj. Yanfofailure! Yanfofailure! Loooooong and Strooooooong! Loooooong and Stroooooong! Power of Suggestion! 6p soon with the current "management"?

[fsjamescampbell] 03/5/2019 07:01

BT the only educated predictions i have ever made is the quarterly production, which has always been based on fair assessments and single monthly numbers that HUM have released into the public anyway.

Please enlighten me (with proof) of these "educated predictions" that you keep hanging your hat on........i have written a few reports over the last 2 years, probably 3 or 4, the biggest being a full and detailed exact account of what went on at the site visit in March 2018 - apart from that, if i have ever been bullish on HUM it is because i firmly believe this stock to perform. I take the rough with the smooth in this investment, i derisk and increase as and when i feel it is right (my choice). You are a bitter old fool who probably spends all day in an armchair looking out over the back alley bins with literally no life in you.........sad sad little worm!

[fsjamescampbell] 03/5/2019 06:56

Wildcat1........he has your number BT - best post of the week!

[borderterrier1] 03/5/2019 01:43

wildcat1. Wrong again......but we're both 100% right about this. I guess that upsets you? How much are YOU down by listening to Fsj's "educated predictions"? Or are you "looooong and stroooooong" like he is?