Hummingbird Resources Share Discussion Threads

[bookwormrobert] 04/6/2019 11:17

Hi UKGeorge!
I also assume that NewBuyer is a PR company account.
Judging by the unremittingly negative share price action, I begin to think that HUM is in more trouble than we realise.
For the first time I'm thinking that HUM may be going bust. It's almost too late for an emergency equity raise; raising $10m new money at (say) 10p would be horrendously dilutive on existing shareholders and would be met with a lot of institutional resistance.
(By the way, ASX listed Gascoyne Resources, which the rampers on here and LSE used as a comparable a year or so ago, just DID go bust yesterday. So it can happen.)
Finally, RedTrend, your post is factually wrong. The emergency Coris overdraft has long since been drawn down. Read the RNSs of the time for confirmation.

[ukgeorge] 04/6/2019 10:36

NB you only post on HUM which suggests that you are not an investor to me.

I used to own a fair number of these but have sold out thankfully so am just watching with interest.

My comment that this company deserves to go bust was in reference to the day light robbery which are 1p options.

The way the share price is going certainly does imply that a placing is on its way.

Fingers crossed for holders that the company has turned it around this quarter. If things start to look better I might buy back in. But, next news is q2 results so likely late July and then LOM update.

I don't know how you are positive given the constant decline. Also it is laughable when people come out with lines like ii's have been mopping up cheap shares. Those same ii will be talking to management suggesting a rights issue because they will be the ones that get to buy in at a discount not the long suffering pi's like yourself.

[fsjamescampbell] 04/6/2019 07:20

I agree zhockey..........Q3 is arguably the most crucial Q this year, any success or continuity would offer some stability and sentiment back to investors. If they struggle with production it could be 2020 before they see any recovery!

[new_buyer] 04/6/2019 07:18

bordeerterrier "I am 100% accurate with my predictions here" and I am delusional? You need to stick to writing about toast and jam, you are so 100% right here that your "supposed" investment has dropped significantly and you have behaved like a spurned teenager since, but we need to trust you as an expert?

UKGeorge great insight yourself especially as you feel HUM deserves to go bust, why are you posting here?

[zhockey] 04/6/2019 07:06

Thanks, will be interesting to see how they make it though.

[fsjamescampbell] 04/6/2019 06:39

zhockey - Wet season is towards end of June, its not too bad during July and early August, they seem to get it a bit heavier end of August and through September, it starts to ease up October (ish).

[zhockey] 04/6/2019 06:24

When is the wet season? I guess that's the test they have to pass, can they operate in the wet season effectively and without incident.

[fsjamescampbell] 03/6/2019 14:38

ukterrier or is it bordergeorge now........one and the same!

[ilostthelot] 03/6/2019 13:09

I might take a punt here at sub 10p..

[redtrend] 03/6/2019 13:03

Plas - I wouldn't worry too much about a raise at present.

On top of the cash position + gold in inventory, HUM have an undrawn $9.6M overdraft facility, to be used if required for working capital. This is in addition to and completely separate from the $9.6M facility used and drawn for the 2nd ball mill.

Both are loans with Coris.

[fsjamescampbell] 03/6/2019 12:08

Gold extremely strong..........bodes well for both HUM and CORA at the moment, hopefully it can remain above $1300 through the summer.....we shall see!!

[ukgeorge] 03/6/2019 10:46

Opposed to your wonderful insight..........

[plasybryn] 02/6/2019 06:45

If there is indeed a "raise", then soon after that might be a very good time to buy back in or add. I suspect over the next month or so, everything will become much clearer.

[sleveen] 02/6/2019 06:27

Plas

Of your wish list the placing looks like the most certain option...

[plasybryn] 01/6/2019 11:22

Mining Maven in twitter today:-Hummingbird says early estimates from updated Life of Mine plan show 'significant improvements' to production and costs.Now that sounds encouraging.

[fsjamescampbell] 31/5/2019 20:28

George.......I was being facetious 🙈🙈🙈😩

[plasybryn] 31/5/2019 15:19

This is what HUM needs. A break out in the gold price. Costs reducing, production increasing,grades recovering and gold increasing the margins. Given the current price could be a perfect storm, or is there a Placing still to come before we finally get back to normal?

[ukgeorge] 31/5/2019 14:33

Well done for getting out FSJ, real shame that the company promised so much and now looks as though the are going to fail. You may as well make some money out of the capitulation.

[seagreen] 30/5/2019 22:05

Price has nothing to do with a major holder dumping their holding and smashing the price clearly

God the standard of garbage on ADVFN is so low now it beggars belief a right old zoo ...sod the truth...lets just pump it up or down

Quite pathetic... might even go long now

[borderterrier1] 30/5/2019 20:56

Fsj. I would be happy to do that. Surely that would be better than your slime ball approach which is to fill all the investors heads here with complete, unadulterated BS, sell (luckily) when appropriate and then short? What an absolute low-life you are.

[fsjamescampbell] 30/5/2019 20:34

Of course you are the ultimate in predicting the demise of a stock.....please please tell me which other stocks are going down so I can open other short positions...

[borderterrier1] 30/5/2019 19:18

Fsj. Of course it is Pied Piper. Promote AND short for the idiots that believe your lying. BTW do you really believe that anything I put on here will influence the SP? Yanfofailure! Yanfofailure! Yanfofailure!