Hummingbird Resources Share Discussion Threads

[borderterrier1] 09/12/2019 13:00

new-buyer Of course "some here won't appreciate it". Why? Because "some here" are sick and tired of hearing it multiple times over the last few years......to no avail.
I posted a link above to Fsj's glowing testimonial/mine report, post 2027 from October 2017. Fabulous report but the result was the share price is now sitting at less than 50% of where it was before it. So what's the use of "talking sense"? "Wishful thinking" perhaps, because that's all we have here now. "Things definitely on an uptick?" Really? There is zero interest now due to the complacency of the Ceo and "management". As hydrogen economy says:- "The market has little option but to take a precautionary view." Very true.

[new_buyer] 09/12/2019 09:55

LLB stop talking so much sense!! Some here won't appreciate it as it doesn't suit there agenda! Good question hydrogen economy, I think the LOM extension is important and hope you are right with your response LLB. Things definitely on an uptick but wondering what's next also, Cora? Dugbe? Time to be focusing forward not back.

[laurence llewelyn binliner] 09/12/2019 08:28

#hydrogen economy.. true, but .. The Company had previously planned to announce more detailed LoM guidance and updated Reserves at this point, however due to a number of factors including the increased potential of underground mining an improved understanding of high grade structures within our deposits and the higher gold price environment, the Company is conducting further studies to evaluate these opportunities.

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.

Gonka, Komana East already in hand and CORA are drilling something next to Yanfolila too, I think we can expect some synergy here on deposits.. :o)

[hydrogen economy] 09/12/2019 02:48

Production news may be positive, but that adds to the urgency of presenting the findings on resources and LOM. The delay is a concern but the big worry is the lack of information about why the announcement has been delayed, when it will be made and what are they doing which takes so much longer than plan.

There could be a positive story here that the drilling proved up a lot more resources and that needs time to plan, but can we rule out the opposite picture of poor results with time needed to dress up the numbers. The market has little option but to take a precautionary view.

[laurence llewelyn binliner] 08/12/2019 11:14

Two back2back 30,000 Ounce quarters underline the production recovery case here, and given BMs recent comment that looks nailed on now.., so on balance I can see our toughest years behind us now, there can always be unforeseen events coming our way, but that is mining..!

Debt was -USD45M at Q3, with +16M cash and +4M inventory
Q4-FY2019 should see -USD39M cash/inventory tbc
Net cash positive Q3 2020
Debt free end of H1 2021 if POG holds up
Dividends somewhere in the middle.. :o)

[borderterrier1] 08/12/2019 10:39

LLB. So am I looking forward to the results. Let's all hope we are not dissapointed
again.

[andrewsr] 08/12/2019 10:26

October and November were good months according to Bert M on Vox, so still looking good for Q4 results.

[laurence llewelyn binliner] 08/12/2019 09:28

#borderterrier.. explorers turning junior miners always make mistakes that is the reality as it is a very difficult business to be in, as in investor you have to go into it expecting this to happen with your eyes open and take all the rose tinted information with a pinch then adjust your expectations and buying accordingly, it is all about timing..

DB has assembled the team, built the company, got a fully funded project up and running, had a rough learning year, but still scaled the plant up and got it all spinning while POG is cUSD1500/Oz throwing enough cash off to pay the debt down USD2M a month, those are the facts..

I'm very much looking forward to 2020 and the Q4/FY2019 results..

[borderterrier1] 07/12/2019 21:16

LLB. The other investors "got their timing wrong" because they believed all the B/S that was dished out by brokers and others on here (post 2027?) As you say the company "had much learning to do" in practice rather than theory. In other words, you are admitting that the guy at the helm was completely inexperienced. Strange when you consider that the man in charge of operations "has 40 years experience in the mining industry in W Africa" Or is that more B/S? The early/long time investors paid the price. Except Fsj of course, who sold at just the right time. Interested investors can read his full report on post 2027 (from 2017) and then decide for themselves if it is worth listening to him. And Fsj, is it time for your golden Christmas egg again?

[borderterrier1] 07/12/2019 21:07

Fsj. AS the Hummingbird mouthpiece and Pied Piper you've been saying similar things for three years now and it has all turned out to be sheer, unadulterated B/S. Smart investors, rather than believing what you say on here and the LSE bb should go back and check your posts. Especially the ones about telling everyone that you are "long and strong" then selling your shares. How "lucky" was that?

[plasybryn] 07/12/2019 15:50

Bert was on Vox Markets yesterday talking about Hummingbird, Cora Gold and physical gold.

[laurence llewelyn binliner] 07/12/2019 14:38

Well, I'm glad you asked #borderterrier1... then they got their timing wrong, entry price too high, too short term a strategy, perhaps they were forced sellers or they saw a better use for their funds elsewhere at that time..

The company had much learning to do about running a mine in practice compared to theory, they made mistakes and have learnt some from the experiences, the results were being able to buy down to 13p which some took advantage of while others watched or got nervous and bailed out, and all for 20p today...!..

Net cash positive in 2021, debt free in 2022 with dividends, and fully aligned with CORA for their future project pipeline or resources..

The pit wall issues are behind us, they now understand the impact of seasons, the AISC is 850/Oz and back in check with Q4 about to close out on FY2019-POG of c1400..

The penny options do grind my gears, but the BOD do deserve some shares as they build the company and take it forward..

[borderterrier1] 07/12/2019 13:46

LLB So, what about all the other financial companies that invested here three years ago at a higher price than today's and bailed out? They obviously got it wrong. What does that say?

[laurence llewelyn binliner] 07/12/2019 13:13

Sustainable Capital after further due diligence see a good enough de-risked investment case to raise their exposure from 12.13% to 13.13% of HUM and now hold 46.5M shares..

That says a lot about the upside to me at these prices.. :o)

[borderterrier1] 07/12/2019 13:09

Wow!!! That's really impressive.

[borderterrier1] 07/12/2019 02:42

And on the LSE bb there are more pearls of wisdom from Golden Bull (who bought at 39p on his stockbrokers advice) and who predicted "the 1 pound party by Christmas" Which Christmas did you mean GB? And Cora? I keep telling you a goldmine is a hole in the ground with a liar at the top. Don't you get it yet?

[lasata] 06/12/2019 18:08

MAHARISHI RAMKORUN (Sustainable Capital)
City and country of registered office MAPOU, MAURITIUS

Who are these people who have been increasing their stake?

[chipperfrd] 06/12/2019 13:25

RT,
They have added c. 3.541m shares.
There was a volume of 4.81m on 21st October which took the stock up to a high of 27.25p which might have been them. But more likely they have been accumulating over several weeks and only reported once they got over the 13% threshold.

[borderterrier1] 06/12/2019 12:26

LLB Why? When investors have confidence in Hum, the management and Ceo they will hold but not before. Long term investors just don't have confidence. The market runs on fear and greed remember?

[goodgrief] 06/12/2019 12:17

That'll upset "the children"...

[roguetreader] 06/12/2019 12:04

Don't know how they managed that without the share price rising, I just struggled to top up buying 10K!!

[chipperfrd] 06/12/2019 10:55

Positive increase in holdings by Africa fund to 13.13% (46.503m shares).