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Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird Resources Plc LSE:HUM London Ordinary Share GB00B60BWY28 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.25 -13.51% 14.40 14.50 15.00 16.05 13.25 14.50 6,532,343 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 135.4 19.2 3.9 3.6 57

Hummingbird Resources Share Discussion Threads

Showing 7526 to 7549 of 17925 messages
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DateSubjectAuthorDiscuss
28/5/2019
06:32
"Both of these factors have meant the Company is currently updating its LoM plan. At present, this was last forecast as part of the DFS in 2016 and showed that the Yanfolila Gold Mine would average 107,000oz gold production per year. The current draft LoM plan, awaiting finalisation, indicates that in the upcoming 3 years (2020-2022) the Company is able to achieve production of 130,000-145,000oz per year at a targeted AISC of US$800/oz. The Company is pleased to report that the early estimates from the LoM plan showed a significant improvement on production levels and lowering cost base of the mine. From 2023 the average annual production from Reserves reduces to 80,000oz per year. The Company intends to announce the results of scoping studies on both the Gonka deposit, 5km from the process plant, and underground mining at Komana East (currently operating open pit). The studies will, when converted to Reserves following feasibility study completion, augment the existing Reserves to increase annual production and extend the mine life further. Based on current Resources over 1Moz gold sits outside of Reserves. As a result of the weaker production levels and additional costs noted in the Q1 2019 Production Results and Operational Update announcement released on 16 April 2019 and the potential commencement of initial waste stripping at the Gonka deposit later this year, the Company confirms that the 2019 AISC is likely to exceed the targets previously announced of US$800-$850 per ounce Looking forward to 2019, growth at Yanfolila is already within our sights. The 2018 exploration campaign has brought excellent drilling results across our 2.2Moz gold base; focused on infilling the currently defined resources, we are optimistic that this will allow us to increase our cumulative gold production over the mine life. Particularly strong results came from Gonka, a deposit located just 5km from the process plant, where mineral-rich intercepts included 15m @ 16.03 g/t and 18m @ 9.39 g/t. Such high-grade potential has made us even more confident in our long-term plans for the mine and the potential for underground developments."
rickyhatton
24/5/2019
18:40
UKGeorge And this will, after the Ceo and Bod have lined their pockets at the expense of the shareholders but others on here are too stupid to see that. If you all want a good laugh Golden Bulls recent posts on the LSE bb are absolutely priceless! I'm afraid the "power of suggestion" won't work with this SP! Yanfofailure!
borderterrier1
24/5/2019
15:21
Any company where the directors take options at a 95% discount deserves to go bust.
ukgeorge
24/5/2019
09:10
new-buyer. I didn't say I was looking forward to a drop to 5p, you did. But a further drop in the share price with this management and Ceo is unfortunately inevitable. Didn't Betts senior launch this in 2005? Hasn't the share price deteriorated steadily ever since? IYO is that the result of bad management decisions or bad luck? It shouldn't be too difficult for you to figure it out.
borderterrier1
24/5/2019
08:50
It does look like it is about to have another drop.
ukgeorge
23/5/2019
18:13
sandoval Trust fund or his Ceo's salary. I would have done a better job for half the money. Let's face it, I couldn't have done any worse....... could I?
borderterrier1
23/5/2019
15:32
new_buyer. I will top up when this drops to 5p. Won't be long now.
borderterrier1
23/5/2019
12:13
sandoval you are not looking for a conspiracy and excuses, some are!!
new_buyer
23/5/2019
09:56
I don't see any signs of family involvement. Apparently DB has 2 brothers and 2 sisters. I guess they are living off a trust fund.
sandoval
22/5/2019
14:58
I e mailed them several times but of course they only tell you what they want you to believe. Can't expect them to come clean and say they are making mistakes can you? Obviously I don't like losing money but I am still hoping this may come right. I still believe the mine is a good asset, but there are obvious glaring problems with the Ceo and management. But sometimes digging deep to uncover problems is difficult and that's what happened here. In other words, some research can't be uncovered on the Internet and by the time I found some things out, the share price was well on the way down. All the time that happened, Fsj propped it up confidently with glowing reports/excuses, after all, he was "in the know". It was all complete and utter B/S.
borderterrier1
22/5/2019
14:49
So with this further research you still stay invested? You must have a stronger constitution than I have. I think many co's launched in AIM, or even FTSE, often drop after an initial climb, it's not uncommon and the reason I stay away from IPO's. Why ask this Fsj why not contact the company and ask them direct?
moneyfornothing1
22/5/2019
12:57
moneyfornothing1 Some of the original, early news items about DB gave him a confidence boosting description, "Family involved in the gold and bullion business since 1780" or words to that effect. Unfortunately, more research revealed that when this co. was established in 2005, the share price deteriorated rapidly and through subsequent research, I now know some of the early investors that lost money back then. So, who's fault was that? The family may be long time bullion dealers, but do they have the necessary mining skills or indeed ANY experience with actual gold mining? I think not, but perhaps someone knows? I did ask company mouthpiece Fsj but never got a reply to that question. And another of my concerns is that despite those heavy losses, I believe at that time Betts senior was the financial accounts auditor........ and still is.
borderterrier1
22/5/2019
09:56
Either he needs to go or maybe he has learnt from his mistakes and might be worth sticking with? Only problem is only time will tell and by then it could be too late. I certainly will not invest in a company, or stay invested, if I was not fully in support of the CEO.
moneyfornothing1
21/5/2019
16:08
When I first looked at this I did. But I now believe that a lot of it was hype by the broker, the glowing news reports, items etc........(similar to the one today, 20th May in Value the Markets by Stuart Langelaan) and one of the first red flags for me was when the Hum broker was successfully prosecuted by the FBI for pump and dump schemes. Can any of us really believe this stuff anymore? My gut feeling there was the right one. This could still recover but the Ceo needs to realize he isn't experienced enough to make irrational decisions with SH money.
borderterrier1
21/5/2019
15:36
SP can do that sometimes without any reason but if the fundamentals are good there will be hope. As you said earlier you live in hope so I assume you believe the fundamentals to be sound also?
moneyfornothing1
21/5/2019
15:32
moneyfornothing1 And yet, if you DYO research, the share price was steadily deteriorating BEFORE the rain/artisan/shooting incidents. Why ???
borderterrier1
21/5/2019
15:15
I can see the mistakes you talk about (BH, 1p options) but personally I see a number also outside of the control of the management (rain/artisans/shooting) and together I believe is reason for the share price but I also feel a single mine with a (current) short LOM is not helping. I don't agree with you on the ball mill though as I think it would be incredibly short sighted of them not to be planning for a successful future WHILST recent issues, hopefully, are brought under control. I might take a position but probably after the Q2 figures are issued. Dugbe looks to me to be a red herring at the moment.
moneyfornothing1
21/5/2019
14:18
moneyfornothing1 Of course and I will, eventually. But I'm pointing out to others that that this isn't what some would have us believe and hopefully, my persistence will pay off so that changes are made here. After all, isn't the share price a good indication of success or failure? And you are right, IMO this was a bad investment but (like many others here do) I live in hope.
borderterrier1
21/5/2019
13:43
borderterrier feel free to not answer but you obviously see this company as a disastrous investment on your part, and I understand there is no loss until you sell, but why hang around with an investment that you seem to abhor so much? Surely sometimes you have to just take it on the chin and walk away don't you?
moneyfornothing1
20/5/2019
20:53
New-Buyer Please try the LSE bb. How long has Fsj contributed on there? Open mouth, insert foot. And you and Fsj can prop this up as much as you like but at the end of the day, the share price and market tells the story. Disaster Dan and his "experienced" team are responsible for where it is today. Who else can you blame?
borderterrier1
20/5/2019
20:11
Oct 16 - May 19, mmmm 2 years?
new_buyer
20/5/2019
15:27
New_buyer Isn't May 2017 to May 2019 two years? I guess not on your calendar? Better hurry up with buying presents, Christmas is only a month away. BTW are you and Fsj getting golden Hum eggs again? Or do you only get those at Easter?
borderterrier1
20/5/2019
15:15
Oct 2016 is not far off 2017 and is a lot closer than Frank followed me here which is (another) blatant lie, but they are common with you. You just can't help yourself can you, you are just lying very lonely man!
new_buyer
20/5/2019
15:07
new-buyer. And yet Frank says on his post three above "Only been here 2 years" Strange eh? Wouldn't that be 2017 not 2016? I know you can't read, but counting should be a bit easier. After me:- 1-2-3-4-6- etc. Hummmmmmmmmm......?
borderterrier1
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