Hummingbird Resources Share Discussion Threads

[charlieeee] 06/8/2019 10:58

The exercise price was 1p.

If the exercise price is 20p rather than 1p then the company gets an extra 19p per share in the till. At 1p the shares are virtually for free and therefore highly dilutive.

Nothing wrong with share options which align the interests of management and shareholders, but they need to be properly structured so that they are not seen as a sinecure.

Betts should let Monroe do the interviews. The latter is a far more convincing speaker and much closer to detail.

[moneyfornothing1] 06/8/2019 10:58

I've not been here long but it seems that BT is not as revered as he believes he is, I think I read in one of his posts that 99% of people on this board believe him but I'd suggest it is probably the other way round, very odd fellow.

[napoleon 14th] 06/8/2019 10:22

I filtered BT ages ago & am getting bored of the responses made to his worthless posts.

I kept mine on the basis that the flood was a freak event.
SP at an interesting level - 25p - & looking strong.

[new_buyer] 06/8/2019 10:17

It's stuck in the craw of a lot of people and I do understand it, but I would prefer a different way of rewarding those involved.

[toinifinity] 06/8/2019 09:46

The only negative about all this share price rise is Borderterrier is recovering his losses, the most undeserving shareholder in the history of mankind. For the rest of us its great to be recovering our losses. Operationally HUM seem to be back on track after a pit full of bad luck and for now the world seems to be as volatile/unstable as I can ever remember it, fuelling POG ever upwards. Gold the first and best hedge against the 'worst of times'

[redtrend] 06/8/2019 09:43

Just out of interest, why is a 1p option any different from a 20p option, for example, if the Qty of performance shares provided is exactly the same, irrespective of price?

The options are effectively a bonus linked to performance, rather than discounted options a director pays out of his own pocket.

A separate discussion is whether the Qty of shares offered is too generous and/ or the performance criteria too loose (i.e. is it based on meeting guidance or is it based on exceeding targets which should be basis of any performance bonus).

The best option particularly at this gold spot price is that HUM institute a share buy-back covering these share options and put them in Treasury. Then if any options are realised, they're issued from Treasury with no dilution.

[rickyhatton] 06/8/2019 09:09

Dan betts interview - worth a listen - upbeat generally - including about positively developing mine plan

" things are looking good .... we should see AISC dropping significantly (from $998) ... if we do 120koz with a free cash margin of $500/600 we are talking more like $70m of EBITDA"

[casual47] 06/8/2019 08:35

The only major concern left for me is mgmt: no more 1p options for a start. If they want to reward themselves options then do it at a realistic premium and lock in the shares for at least a few years.

Heavy rainfall and other such issues I'm happy to accept as part and parcel of mining.

[new_buyer] 06/8/2019 08:15

A good interview, seems like it has had a short term impact on the share price but will be interesting to see if that can be continued.

[andrewsr] 05/8/2019 20:58

10,000 oz in July as well.

[rickyhatton] 05/8/2019 19:50

Dan betts interview - worth a listen - upbeat generally - including about positively developing mine plan

" things are looking good .... we should see AISC dropping significantly (from $998) ... if we do 120koz with a free cash margin of $500/600 we are talking more like $70m of EBITDA"

[new_buyer] 05/8/2019 18:52

Yep me too, filtered the black cloud!!

[borderterrier1] 05/8/2019 17:17

capt bligh. Of course! You're onto me. No flies on you is there? I'm a homeless, penniless man sitting in a tent by the side of the Motorway off the M1 and I did try my hand at writing books on slices of toast but it didn't catch on. Can't think why? I'm a professional de-ramper and I make stories up about well run companies just for the hell of it. Wow. But the things I posted on the LSE bb turned out to be 100% correct.
Ouch!!! That MUST hurt?

[moneyfornothing1] 05/8/2019 16:37

Maybe time to filter then sadly as not really what these boards are for but you could be right capt bligh.

[capt bligh] 05/8/2019 16:35

this guy is not a shorter could he be paid by ADVFN to wind you lot up... more clicks activity on the site more ADVFN is worth

[moneyfornothing1] 05/8/2019 16:33

Looks to me that he has expressed an opinion and then clarifies its an opinion with that, not sure he believes he knows anymore than the next man which is the opposite of yourself who it does seem is looking for some kind of appreciation but you know no more than the next man I think your posts have made that very clear.

I note you don't comment on my question as to why you have to come onto this board and spoil things when an actual exchange of views and opinions does actually take place, no surprise there really.

[borderterrier1] 05/8/2019 16:30

moneyfornothing1 And then he finishes the post with BWTFDIK? That's constructive?

[borderterrier1] 05/8/2019 16:01

NB. By the pog and Hum chart today, I'm very pleased with the way things are going with this now. But by your own admission above, quote:- BWTFDIK!! You don't know any more about this co. than I know. I would think less, a lot less. Thank you for confirming what I always knew.

[referee1] 05/8/2019 15:52

Sound thoughts. Thanks for your input.

[new_buyer] 05/8/2019 15:45

I'd say the news we know is coming is LOM and Q3 in a while and then it's the unknowns that may follow on from a steady/successful navigation of the rainy season.

Next steps are then, in my opinion, DUGBE and what is going to happen with CORA? Excellent recent drill/survey results and not too far from Yanf so you never know what might happen there.

Personally would not want them to get too far ahead of themselves at the moment but by the end of the year with a good Q3 then need to be looking at what options are available so HUM can move away from being a single mine operation.

BWTFDIK!!

[andrewsr] 05/8/2019 15:27

One of the doubts here is - can they get through a rainy season (July to Sep) without mishap? - so 3rd quarter production is important, also to see the effect of the new ball mill. So without operational news would be good here for a few months!

Developments at Dugbe would be a catalyst for inclusion of some value there, maybe some proportion of the NPV, which must now be >>$200m - maybe 30% of that???

Increase in gold resources.

It may not need any news to re-rate, just no more bad news.

[referee1] 05/8/2019 14:48

There have been some very good analytics and views provided by serious investors/speculators of late. Thanks for all your opinions on the future profitability of this company.

I'm heavily invested here and took another bite when the price was in the 14p's. I'm still looking for 26p to break even as I was one of the investors who bought at some highs...

I have vented some relief with the price back in the low 20s!!!

What key future dates and actions do you think will provide the big boosts to this still recovering share price?

Cheers!