Hummingbird Resources Share Discussion Threads

[borderterrier1] 09/5/2019 07:52

Fsj. You can always top up again when this share price reaches 5p. Yes, you really are stupid enough to do that aren't you? BTW how is the coin collection coming along? Yanfofailure! Yanfofailure! Loooong and Strooong!

[borderterrier1] 08/5/2019 17:20

Sometimes, mainly in the oil industry, but also in the mining industry, glowing reports appear in strategic locations about "massive proven oil/gold/silver/uranium reserves" in remote areas. The web. site for these companies often feature staff in hard hats and "experts" measuring samples, laughing and joking, presumably about how much money they will make from these "massive, proven reserves." Heavy equipment is featured on the web. site and of course investors are always lining up to share the success story. Unfortunately,some of the time, these are "Pump and Dump schemes, designed to scam the unwary.

I invested in a scheme like this in the oil industry here in the US several years ago and lost a considerable sum. Sometimes, despite DYOR, many private investors get their fingers burnt. The management and Ceos take the money at every opportunity, line their pockets at the expense of the investors, filtering profits through other outlets, run the company into the ground and then vanish without a trace. Am I suggesting that is what is happening here? Oh, shock, horror ABSOLUTELY NOT, I wouldn't dare. But sometimes, I can assure you, it can and it does happen.

Hence the old mining quote from the 1800 California gold rush community:- "A goldmine is a hole in the ground with a liar on the top." Quote from bookwormrobert :- "Hum don't report their financials in enough detail to put together a full picture of the companies books" Who is the accountant? At one time, wasn't it Betts senior? Or maybe DB? You mean Dan Betts? Of course not!! The DB stands for Del Boy, of Trotters Independent Traders, Only fools and Horses fame. Now, he was a real con man wasn't he? Just asking. Really? Well, I'll be.......

[ukgeorge] 08/5/2019 14:03

Just a 15 bagger for management now. They must be getting upset, they will have to ramp up how many share options they award themselves this year. Possibly they can issue them at 0.5p.

[borderterrier1] 08/5/2019 07:36

Fsj. Lucky you! Another chance for you to buy on the dip? In the words of Warren Buffet:- "Be greedy when others are fearful". But I guess your latest buy a few weeks ago doesn't look too good now with this share price being back down to a TEN YEAR LOW does it? Yanfofailure! Yanfofailure! Looooong and Strooooong!

[borderterrier1] 07/5/2019 21:55

New-Buyer. Freefall? Why? Because as I have always said, this is due to complete incompetence and INEXPERIENCE of Ceo and management complacency. I DID tell you:- "A goldmine is a hole with a liar at the top". What say you now Frank the Moron? Loooooong and Strooooong?????

[bigglesbingham] 07/5/2019 21:53

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 16:13

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 08:43

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 07:05

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 15:28

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 15:06

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] 04/5/2019 23:59

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 22:56

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

[borderterrier1] 03/5/2019 17:13

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 15:20

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

[borderterrier1] 03/5/2019 14:07

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!