Hummingbird Resources Share Discussion Threads

[kennyp52] 21/5/2020 22:52

“ Sadly I suspect that in another three years, when this share price does exactly the only thing that it is good at doing, spectacularly stagnating”

And you want to be taken seriously BT1 ? Surely you can find a share you have confidence in ?

[mick1909] 21/5/2020 22:22

When does there 2019 full year results come out?

[borderterrier1] 21/5/2020 20:22

Dan_the_Epic Better still, please read the recent post by Wat_Dabney on the LSE bb. My sentiments entirely.

[borderterrier1] 21/5/2020 17:37

Dan the Epic. Of course Ron is serious, so am I. As I have said before, I'm lucky I don't need the money I have invested here so I will continue to hold because of that. But as an investment, it has been my worst disaster in 40 years of successful trading and there are lots of better opportunities out there. Dan obviously doesn't need the money and has absolutely no intention of doing anything that will help the abysmal share price Many were taken in by this because of all the hype in the early days and some of them that bailed but still visit this site occasionally. Sadly I suspect that in another three years, when this share price does exactly the only thing that it is good at doing, spectacularly stagnating regardless of new_buyers ramp-up rantings you will be prepared to admit like many others have, that you are also one. But all the same I wish you the best of luck.

[new_buyer] 21/5/2020 17:37

Gutted!! But what an odd poster!!

[dan_the_epic] 21/5/2020 17:01

Ron are you serious? We just broke to multi year highs this week and it's not worth holding?

If the seller was such a big issue, we would be at more like 52 week lows than multi year highs!

[ronwilkes123] 21/5/2020 16:55

New buyer filtered

[new_buyer] 21/5/2020 16:49

ronwilkes look through my posts and you will see postive, negative, speculative all kinds of posts but you are absolutely spot on that no one should listen to anyone on this board and do their own research and by the way I have been here over 3 years so through good and (mostly) bad times and will be here a while yet!! Good luck with your investments!!

[new_buyer] 21/5/2020 16:46

UKGeorge never!!

[ronwilkes123] 21/5/2020 16:41

No point holding atm Market likely will retrace Seller won't let it riseBetter opportunities out there

[avsome1968] 21/5/2020 16:30

Well BT with this seller decided to de-risk just sold 55k and 23k 2 different accounts was too over weight here bagged 25% profit think market will wobble next month so stashing some cash, still got a decent chunk here.

Noticed that DRD dropped today ?

[temujiin] 21/5/2020 16:29

Gold is down, silver is down, many precious metal companies SP's down, go figure.

[pireric] 21/5/2020 16:27

Hi Andrew.

Yes I think they are and in any case, I think it's prudent to run with a cash heavy balance sheet at the moment (rather than paying down the debt). You only have to look at the wider world to see lots of businesses are still in disarray and visibility is poor. So retaining flexibility is best. They could look to find a new debt facility on cheaper terms and repay the existing one, but hardly think it's worth the effort now. As it stands, the debt will be gone by 1H 2021 and they should be net cash in 2H20 as they've guided to.

Eric

[ronwilkes123] 21/5/2020 16:26

Most mining companies have a new buyer talks nothing but positives and disappears normally before things go wrong, which is why you should dyor and not listen to new buyer

[borderterrier1] 21/5/2020 16:21

new_buyer According to you, over the last several years lots of us "talk rubbish" about this.......except you. Time and time again I have been proved right with this.... and you have been proved wrong. To sell at this point in time, when everything "seems" to show some light at the end of the tunnel (as it routinely has multiple times over several years), proves conclusively to me (and apparently others) that these sellers have zero confidence in the Ceo and management here. Otherwise, they would hold. Read the post above from ronwilkes123. Oh no, there's another one!

[andrewsr] 21/5/2020 16:17

Aren't the debt repayments fixed at $6m/qtr, then a final lump sum in mid-2021? They may want to hold a reasonable amount of cash rather than use all of it to repay the debt. Needing cash in a hurry for unforeseen events is not a good place to be.

[ukgeorge] 21/5/2020 16:10

NB are you saying I talk rubbish?

[new_buyer] 21/5/2020 15:52

UKGeorge sometimes the children talk rubbish as is very apparent!!

[ronwilkes123] 21/5/2020 15:51

It doesn't paint institutional demand for hummingbird in a positive light if he's having to drip feed millions into the market

[techandy] 21/5/2020 15:40

Wonder how many more millions he's got to get through before he's done.

[ronwilkes123] 21/5/2020 15:34

Volume dropping Price dropSeller in charge imho

[temujiin] 21/5/2020 14:31

I agree with Seagreen on the debt issue. Imo it's worth paying off the 9% debt as soon as reasonably possible. However a profitable company such as HUM can afford to have debt if needed for advancing projects, and it's likely to be at a better interest rate than 9%

[laurence llewelyn binliner] 21/5/2020 14:16

#Seagreen... 1 step at a time indeed...

Net cash positive in May or June 1st, and that could be a post reporting event tagged onto the FY2019 financials next week.., and lets see what the trade payable were down to at Xmas..

2020 POG has only got stronger, the bank debt repayments are USD2M/month +9% interest, and as the debt comes off, so does the interest, progress accelerates on its own increasing the ability to smash into the other trade payables, the Taurus legal settlement should also have been dealt with now too..

The re-rating is coming as these milestones get ticked off..., the share price number might have been static for summer 2016/2017/2018/2019.. but progress has not, and is not currently priced in .. :o)

[backmarker] 21/5/2020 14:03

what kind of a gold company does HUM want to be: an explorer, a developer, or a producer ?

it's successfully gone through all stages with Yanfo, does it want to do it all again with Dugbe ?

there is even the opportunity - though this will be greater once it has become debt-free and then cash-rich to become an opportunist, bidding for special opportunities that arise.

for now HUM appears to be humming, and recovering reputation after the floods episode. the more good quarters then the more the share price will rise into line with where some think it should be.

even from current levels were it to reach say 60p in a year's time, then 100% return is hardly shabby.

I think concentrating on Yanfo is the correct priority for now, while using the next year to explore all the options for Dugbe without spending too much cash.

I see some parallels with AAU. both are producers, and AAU has just become debt-free. both have a significant undeveloped asset (Dugbe/Salinbas). both have suffered recent reduced popularity because of issues (floods/poor fundraising). and both appear now to be achieving a rerating - even if more slowly than most would like.

I believe patience is now all that is required with both these companies to see a great return over time. which is why I have increased my holding in both during the past month.