Hummingbird Resources Share Discussion Threads

[jedi k] 06/10/2024 21:42

Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.90 for a period of 18 months following the issue date of the Units.

[plat hunter] 06/10/2024 21:24

Pasofino has received a non binding offer that's all, there's no agreement to sell. So obviously it's business as usual.

That NED that's just joined the board is a CEO of Goldshore Resources.based in Canada

[dickbush] 06/10/2024 21:01

TBT, This was announced on 17th September along with the exclusivity deal. I expressed the thought at the time that insiders like Betts might be getting themselves a favourable deal. I don't understand why they need so little ahead of a takeover.

[borderterrier1] 06/10/2024 20:24

Hi Tiger! I know! Exciting times ahead for us all, eh? I can hardly contain myself...............

[tigerbythetail] 06/10/2024 14:33

What on earth is going on over at Pasofino?
That sounds like the sale isn't going through. Or at least that it's delayed and in question.

[jedi k] 06/10/2024 09:14

https://www.pasofinogold.com/news/news-details/2024/Pasofino-Gold-Announces-a-Non-Brokered-Private-Placement-of-up-to-US2.5-Million/default.aspx

[borderterrier1] 04/10/2024 14:21

Plasybryn. Where are you? This board hasn't heard from you for some time. Don't tell me you've abandoned this and thrown the towel in at last? You told us all it takes 15 years for a gold mine to become profitable, remember? Only another few years to wait! This could be back to 10p in a few years! Fill yer boots! Fill yer boots!

[tigerbythetail] 04/10/2024 10:59

Hi Backmarker!
Sovietsky apparatchik? Shto vi? Nyet, tochno nyet.

[borderterrier1] 03/10/2024 19:06

Infinity888 where's the offer that "Dan said" a few days ago?
Crankyidiot 50p a share TO?
I wonder why there seems to be a disturbing lack of interest? Perhaps the "management" has run out of excuses?

ROFLMAO!!!!!!!

[borderterrier1] 03/10/2024 15:20

Or just a logical, fair minded realist that recognizes this POS co. for what it is, as I do?

[backmarker] 03/10/2024 15:08

Perhaps TBTT is a closet Soviet apparatchik.

[charlieeee] 03/10/2024 12:24

Historically, these grades might be considered low and of marginal profitability, but times change and with it technology.

Heap leaching would be lower cost up front and generating power does change the whole economics, not to mention the POG.

It is interesting that Ian Stalker does not share your view of Liberia or the logistics, TBTT. I suspect if the drilling had doubled the resource, it would have been full steam ahead for him, but a mere 4m oz would have been a "climb down" for him, not the glorious extra ordinary swan song for an extra ordinary career.

You do look somewhat agenda driven, TBTT?

[tigerbythetail] 03/10/2024 11:54

Backmarker - no the grades at Dugbe are low and of marginal profitability (esp. when you consider it's very hard rock).
The killer factor is Liberia. Utter corruption, potential return of civil war, no trained workforce, hilly jungle, Ebola, no roads, no power etc. Dugbe requires massive upfront Capex to get it up and running in one of the riskiest jurisdictions on earth.
Lots of other gold projects out there waiting for capital. Almost all of them feature better returns for less risk. Frankly, I'm amazed they found a willing buyer for as much as $75m.
And, yes, Russia "own" Mail fully now. I expect Yanfolila to be sold off at a heavy discount to a Mali government backed Russian buyer. HUM will get the kind of offer that you can't refuse. Russky biznes.

[plat hunter] 02/10/2024 16:41

Gold mining is an economies of scale business, the less you have the more you need to process, so then you need an equally larger resource to amply cover the cost of recovery.

It's grade is similar to CEY's Sukari mine

[backmarker] 02/10/2024 16:03

re. Dugbe. Are those grades reasonable? I understand this a potentially low grade mine but with lots of ore.

[tigerbythetail] 02/10/2024 13:57

Hi Farrugia!
Same problem with latest drill hole as always. 20m at 0.9g/t isn't going to shift anybody's needle.
There's lots of gold at Dugbe, theoretically, but it's all low-grade and marginal to mine. Add in the huge risk factors of Liberia, and you have a pretty ugly package.

[farrugia] 02/10/2024 13:27

there's also a new post on linkedin



At Hummingbird Resources plc, we are committed to fostering long-term growth and empowering communities, ensuring shared success for our business, leaving a lasting positive legacy.

Recently, we reaffirmed this commitment in hashtag#Kouroussa with the completion of essential infrastructure and resource donations to the local community. This initiative included the installation of 12 latrines at the market, the construction of 6 hospital cabins, the provision of solar panels and computer equipment for the local secondary school, as well as soap-making tools to empower female entrepreneurs.

The handover ceremony, attended by the British Ambassador to Guinea, John Marshall, showcased the positive collaboration between the Kouroussa Mine, local authorities, and the community. During the event, Ambassador Marshall was honoured with the symbolic key to the city, highlighting the strong unity between the Mine and the people of Kouroussa.

[trader465] 02/10/2024 13:04

milkshaker - I didn’t attend any HUM AGM because I’m not a holder of HUM or a fan of DB.

[farrugia] 02/10/2024 13:03

here's a distraction doesn't really mean much

Pasofino Gold Intersects Gold Zones with over 20 Metres Interval at 'Bukon Jedeh', Dugbe Gold Project in Liberia

[laurence llewelyn binliner] 02/10/2024 09:39

#Charlieeee, it was encouraging to hear that grade controls have backed up what we were expecting to find there, so yet again it is all about moving the tonnages to build stockpiles and feed it into the now relined mill..

Like pulling teeth this share, but as painful as it is, we are inching forward every day.. :o)

[borderterrier1] 01/10/2024 23:42

Outrageous.