Hummingbird Resources Share Discussion Threads

[oohrogerpalmer] 30/8/2019 10:59

A lot will depend on how they perform during this current rainy season.
We all know what happened last year but if production output is as forecast than no reason this won't be in the 30p+ area by year end.

[moneyfornothing1] 30/8/2019 10:45

Everythingoving nicely, only a recent purchase myself but performed superbly since and really hope the LTH’s are back in profit soon too. Obvious that there’s been some issues along the way and hopefully all behind us now.

[qs99] 30/8/2019 08:40

HUM should in theory be making some big old hat with pog where it is....DYOR

[cinoib] 30/8/2019 08:31

Have been watching this one for a while and although still in the loss basket it appears things are now heading in the right direction. AAZ was in the same boat a few years back and look where it is now, is my top investment by miles so hope when I come to purchase here, that it will match it over the next couple of years.

[kennyp52] 30/8/2019 07:55

Good steady share price progress . Do think this share is now substantially undervalued but need the next set of figures IMO to concrete the confidence and move it up considerably .

[referee1] 30/8/2019 07:53

Well yesterday was the first time Hum closed above my break even point. I think I will have a beer this weekend. I'm one of the lucky ones who managed to buy more when it was cheap so I expect many more still need low/mid thirties before they wipe the sweat from their brow. I truly hope this keeps motoring towards the mid 30s for everyone to be back on dry land and to pay off all the anxiety counselling sessions we needed when our money went all "Houdini"!

[borderterrier1] 30/8/2019 01:07

And it is an annual event. New Buyer, that means it happens every year. Strange how the "experienced team" didn't figure that out last year, isn't it? The Hippos did.

[andrewsr] 29/8/2019 15:30

It's called the rainy season

[avsome1968] 29/8/2019 15:22

heavy rain over there now, looking at 2 week forecast plenty to come

[bishan bedi] 29/8/2019 13:51

I wonder if that 4.3m earlier was the end of a disposal

[qs99] 29/8/2019 12:41

Nice moves

[borderterrier1] 29/8/2019 11:34

Great comments from Fsj and GB on the LSE bb re. their meeting with Bert Monroe. Bert says everything is Honky Dory with this, nothing to worry about. What did you expect him to say? And BTW Frank, the other stock pick that you mentioned. Don't forget I was the one that mentioned Anglo Asian Mining as my gold pick on here over a year ago, remember? I believe you said I was an idiot at that time?

[new_buyer] 27/8/2019 09:36

phew good to see bookwormrobert says "it's not worth spending any more time on this particular miner" which no doubt means he will be back in a month or so to deramp again.

[kennyp52] 27/8/2019 08:21

Sleveen ... clueless on your understanding of corporate accounts . The cash flow being generated now by POG is hugely significant . How can you not see this is self financing and all debt can be cleared relatively quickly . Oh ... I see .. you don’t understand accounts 🤡

[new_buyer] 26/8/2019 20:26

Bookwormrobert/tigerbythetail pops up with his bimonthly “terrible management” and “a placing is inevitable”. When you flounced off the LSE HUM board months ago during a hissy fit (seems you have form for that) most hoped you’d gone for good but like a bad smell you linger around where no one wants to read your drivel! Borderterrier posts more interestingly than you (did I really just type that? Off for a lie down)!!!

[borderterrier1] 26/8/2019 12:38

No comments on the "Hummingbird swings to a LOSS" news? What did you expect?

[borderterrier1] 25/8/2019 13:27

No point in going over the "details" again on here. This was going S immediately after the mine was completed "on time and on budget." In other words, before the security breach, pitwall collapse and bridge wash out. As other have said on here, it would appear that the share price was held back periodically to allow strategic buying at reduced prices. I wonder why? Please read my post on here no. 7098 . Like you, I invest to make money and since I invested here, despite DMOR way back in 2015, up to now this has not delivered. I hope it will.

[kennyp52] 25/8/2019 06:55

Thanks for the detailed response borderterrier1 .

[borderterrier1] 23/8/2019 17:39

kennyp52. As you say you are new to this board. Perhaps you should have taken the time to read some of the comments from others from 2 1/2 years ago, not just mine. At that time, many investors were as positive as you are. But here we are still waiting for the share price to move N.

[kennyp52] 23/8/2019 17:13

Taking the results apart then at least they are generating cash and making significant finance repayments ( both loan and lease ) - see the cash flow statement . Don’t know how much their planned CAPEX is moving forward but they say they still have an undrawn 10m facility . So cash isn’t the issue . Big depreciation reserve is hammering the P&L figures but this doesn’t really bother me if they are near the end of mine development costs . £4m extra inventory will be valued at cost so with POG having been $1400 to $1500 since then some held back profit up the sleeve there , good management IMO . I’m lucky to have bought in recently on this so no historical loss but I see this moving up quite nicely after the H2 results . Good luck all .

[borderterrier1] 23/8/2019 16:37

I do. As I have repeatedly said, I MADE A MISTAKE by investing here. But I accept that fact instead of talking this up like others do year after year. Would you rather I post continual positive posts here like some others do? The power of suggestion doesn't work.

[borderterrier1] 23/8/2019 13:33

I agree. But after this share price being 39p before "mine completion on time and on budget" in July 2016 to where it is today, no one in their right mind could call this a "shrewd investment" could they? Me included.

The share price was 26p three years ago in August 2016 when this was just a hole in the ground (with a liar at the top?) so it could take another two years from today to get back to the dizzy heights of 39p. For a total 4 1/2-5 year investment things are not improving. But of course, it isn't the Ceo or Bod faults is it? But who would you put the blame on? Bad luck, rainy season? And all the time the "management" enjoy their large salaries and share options.

[redtrend] 23/8/2019 13:10

It's not good news, it's not bad news. One couldn't even call it news per se.