Hummingbird Resources Share Discussion Threads

[borderterrier1] 16/5/2019 17:03

moneyfornothing1 Truthfully, with the track record this has, what use are "Facts?" And in any case, please don't take my word for it, there are plenty more disgruntled investors here now that share my opinion.

[fsjamescampbell] 16/5/2019 16:58

moneyfornothing1 - sadly pal, this is why you can't have a grown up discussion with our resident toilet brush BT........and i quote....

"The only fact I agree with is the original "on time and on budget" one that Fsj always resorts to as if it is fireproof and beyond reproach."

The summary at the top of my post is undisputed and RNS reported stats and figures! These, as you reiterate, are the "FACTS"

You ask BT a simple question and he goes so far off on a tangent he can see up his own bum hole.....and it isn't pretty!

"The only fact that i agree with" I mean....give me strength, they are all "FACTS" and they were summarised to demonstrate the path HUM have taken thus far since they poured their first ounce of gold!

His objections are puerile and often gathered from other peoples posts, he never has a substantiated opinion and often shows a very poor knowledge of HUM, their journey thus far and the real success and failures of the whole operation, to say he has been in HUM for 2 or 3 years as he claims, he has been treading proverbial doggy dump all over this stock for the last couple of years, he professes to be invested yet never looks for positives or offers informed intellectual opinions or discussions based on gathered information from previous RNS or contacting HUM management direct.

Welcome to the board, i hope you manage to stomach our yapping mutt to stay long enough to share your thoughts and so on.

[borderterrier1] 16/5/2019 15:38

moneyfornothing1 The above post from randompath has echoed my sentiments on here for almost 2 years now. The only fact I agree with is the original "on time and on budget" one that Fsj always resorts to as if it is fireproof and beyond reproach.

Up to the time of "mine completion" glowing reports from many sources made it abundantly clear that the Hum team were "experienced" and virtually invincible. Then after completion followed a total fiasco of pathetic PR information, rash decisions, ridiculous salaries and share options, complete disregard for the shareholders resulting in the share price heading S to where it is today. Why do the shareholders need "facts" if the share price rewards us like it does? The 1880 mining saying :- "a goldmine is a hole in the ground with a liar at the top" says it all.

It seems illogical to me that Fsj the Hum Pied Piper and company mouthpiece regularly comes on here to spout "The facts" if the share price responds by going backwards. Especially as he "seems" to be "lucky" enough to know when to buy and when to sell? I believe the current situation it will be ongoing until the Ceo and Bod are removed and IMO the sooner the better. After this length of time they have made it clear that they are incompetent. How much proof do the shareholders need?

[moneyfornothing1] 16/5/2019 12:45

First post here so be nice and intrigued by HUM but not yet taken a stake. This board seems to be quite childish at times, I think those posters should know who they are, but also some good information in parts as the basis of some further research.

I have been interested to read the recent post from randompath and that of fsjamescampbell (although aware of borderterriers disdain for fsjamescampbell) and would be interested in borderterriers comments of fsjamscampbell's "facts" as he see's them. What is it directly that you feel is wrong with those "facts2? I can see your obvious dislike, or dissapointment, of the HUM senior management but interested to know what you think specifically on the "facts" posted?

[randompath] 16/5/2019 12:02

I was heavily invested in HUM until recently. I sold out between 19p - 24p when Standard Life Aberdeen plc were taking a stake. I incurred a significant loss, having lost faith in the management. I hope HUM do well, and I wish current holders good luck, but I would caution prospective holders to consider at least these factors: 1) salaries of directors - unjustifiably high versus company performance; 2) shareholding of directors - consider how much the FD is paid and what his shareholding is - not exactly a vote of confidence; 3) liberia commitments - presently HUM are committed to not-insignificant payments to the liberian government to simply hold the MDA - I think it's questionable whether any majors will want to do business in the country given concerns about bureaucracy, corruption and stability and in light of the current known economics of HUM's liberia discovery; 4) common sense - what were they thinking when they "loaned" BH money; 5) unlucky or arrogant - there are two parts of this video presentation really worth reviewing, firstly at 15:45 when DB describes the "top gut" which could result in higher than expected gold very early on in the mine's life (maybe the stellar first quarter was a one-off?), and secondly at 16:20 where DB decides to rip into "Goldfields' work" on the pit wall steepness and describes it as "ridiculous" - we all know how that turned out. Hopefully today is a low and it will rise from here - good luck if you hold.

[fsjamescampbell] 16/5/2019 09:09

Let's deal in Fact Boredc*nt.....

mid Dec 2017 first gold pour (on time and on budget)

Q1 2018 - Successful ramp up phase.

Q2 2019 - smashed 33koz and sold 38.7koz generating $50m in revenue with 38.7koz at AISC $790/oz

Q3 2019 - BH debacle (sentiment affected)worst rainy season for over 10 years production down to 22.2koz and AISC up to $1006/oz

Q4 2019 - Impact from pit wall and bridge reduced ore mined and thus increased AISC and lowered production hurting cash and prompting a loan facility of $9.5m to be drawn down. 18koz produced at $1677/oz.

Q1 - 24koz poured at AISC of $1300 (close to break even on POG) Pit wall remediation overspilled into Q1 impacting AISC and lower production by approx 7koz due to artisanal mining going deeper than anticipated from DFS ultimately impacting on Q1 production. $13m cash in bank and debt reduced from $61m to $56m

These are the facts!

Reading through that and hoping that Q2 is similar or close to last year and the new ball mill being close to commissioning, hopefully AISC gets close to $950 - $1000/ oz then you can see some recovery coming back.

We then have Q3 rainy season to contend with and anything around the 24 - 27koz area with AISC around $900 should keep the ship steady.

All the rest is a matter of patience and fingers crossed that the mine and processing plant can run smoothly.

To add to the above we should be expecting an increase of maybe 3 - 5 years on LOM announced end of may / early June.

At 15p this is looking attractive, sentiment needs to be smoothed over but for new investors this could look, on paper, a pretty good investment at 15p lets face it Sustainable Capital Africa have nearly 40m shares, they think it is value at this level! The Capital Group (seller) has only sold its 12% because they are exiting all AIM small cap stocks due to a change in top brass and new investing strategy.

My thoughts are that if they can emulate Q2 2019 on a regular basis the company looks very strong indeed!

And that is that!

[borderterrier1] 16/5/2019 08:35

Fsj. Dear O dear! You are such a charming fellow! It's not hard to understand why Del Boy and the Bod hired you! You are definitely a good fit for the job of promoting this "To the best of your ability" which obviously isn't much, kind of like the rest of the "experienced" team here. Birds of a feather?

[fsjamescampbell] 15/5/2019 22:27

Facts you werthers sucking xunt!

Read the post again you demented parrot!

[borderterrier1] 15/5/2019 20:43

Fsj. I guess you didn't read my post? Here it is again:- "Fsj will be along shortly with more delusional projections, calculations and prophecies." Looks like I was right again? And surely, none of your calculations etc. means anything if the share price is going DOWN? And of course Sustainable Capital Africa think it is value at this level because it can't go any lower. But please consider the poor unfortunates that invested here at 35p and more. You included. But then you were "lucky" enough to know when to sell.

[fsjamescampbell] 15/5/2019 18:41

Let's deal in Fact Boredc*nt.....

mid Dec 2017 first gold pour (on time and on budget)

Q1 2018 - Successful ramp up phase.

Q2 2019 - smashed 33koz and sold 38.7koz generating $50m in revenue with 38.7koz at AISC $790/oz

Q3 2019 - BH debacle (sentiment affected)worst rainy season for over 10 years production down to 22.2koz and AISC up to $1006/oz

Q4 2019 - Impact from pit wall and bridge reduced ore mined and thus increased AISC and lowered production hurting cash and prompting a loan facility of $9.5m to be drawn down. 18koz produced at $1677/oz.

Q1 - 24koz poured at AISC of $1300 (close to break even on POG) Pit wall remediation overspilled into Q1 impacting AISC and lower production by approx 7koz due to artisanal mining going deeper than anticipated from DFS ultimately impacting on Q1 production. $13m cash in bank and debt reduced from $61m to $56m

These are the facts!

Reading through that and hoping that Q2 is similar or close to last year and the new ball mill being close to commissioning, hopefully AISC gets close to $950 - $1000/ oz then you can see some recovery coming back.

We then have Q3 rainy season to contend with and anything around the 24 - 27koz area with AISC around $900 should keep the ship steady.

All the rest is a matter of patience and fingers crossed that the mine and processing plant can run smoothly.

To add to the above we should be expecting an increase of maybe 3 - 5 years on LOM announced end of may / early June.

At 15p this is looking attractive, sentiment needs to be smoothed over but for new investors this could look, on paper, a pretty good investment at 15p lets face it Sustainable Capital Africa have nearly 40m shares, they think it is value at this level! The Capital Group (seller) has only sold its 12% because they are exiting all AIM small cap stocks due to a change in top brass and new investing strategy.

My thoughts are that if they can emulate Q2 2019 on a regular basis the company looks very strong indeed!

And that is that!

[borderterrier1] 15/5/2019 16:52

UKGeorge. Exactly. But Fsj the village idiot will be along shortly with more delusional projections, calculations and prophecies.

Perhaps the new Web. site should read:- Produced a goldmine on time and on budget and the first gold pour was 2017 but everything has deteriorated since then because the "experienced" mining team screwed up with rash decisions and pathetic management skills? Yanfofailure! Yanfofailure!

[ukgeorge] 15/5/2019 16:37

Value has been outing for near 2 yrs now......

[plasybryn] 15/5/2019 16:13

Give it time. Value will out.

[sandoval] 15/5/2019 15:55

Can now see where the 20 million dump came from. RNS.

[fsjamescampbell] 15/5/2019 15:47

did someone fart again..............

[borderterrier1] 15/5/2019 15:32

Fsj. But I thought this team were already "experienced"? Oh, silly me, that's what I read on the Hum web. site so it must be true. Wouldn't an "experienced" team be prepared for an ANNUAL event like RAINY SEASON? And perhaps stockpile to allow for that? Not loss making? Keep hiding behind "Built a gold mine on time and on budget" but conveniently miss out the part where this goes S every day since that. Todays share price suggests that it was worth more as a hole in the ground.........with a liar at the top, of course.

[fsjamescampbell] 15/5/2019 15:08

UKG - No chance mate, the mine is not loss making, it has had a bad Q4 and Q1 due to pit wall and bridge, additional earth works which doubled the cost effectively as no ore being mined while remediation being undertaken. It was near on break even through that tough spell and they managed to repay some debt, albeit offset by an additional fund facility. Capital raise will only happen if they have another issue, i am pretty sure that they will have lower production during rainy season of course but that will have been factored in to the guidance for 2019, i guarantee they will have madeand are making provision for this years rainy season now they have experienced last years.

[ukgeorge] 15/5/2019 10:20

Because the mine is loss making and there might be a capital raise unless they can turn it around this quarter.

[bmnsa] 15/5/2019 09:54

How come!Dropping off a cliffWhile POG is at it's highestIt smells somewhat

[ukgeorge] 14/5/2019 12:19

Yes there was 20M traded yesterday. possibly marks the bottom....

[casual47] 14/5/2019 11:24

Holding RNS: That's a sizeable increase in position right there.

[andrewsr] 14/5/2019 11:06

How on earth have Maharishi managed to acquire nearly an extra 6% whilst the share price has fallen? It seems as though the mm's just need to drop the price for people to give up their shares rather than raise the price. It's a mad world - people selling at 15p or thereabouts and a reserves upgrade to come.