B.T. am pleased I listened too you and bailed out at a loss at 18 or I would be in deep doo doo now. |
And BTW, depending on the outcome, Ceo's and management absolutely can face personal liability in corporate and shareholder derivative litigation. And that isn't just here in the US. |
Cinoib. Through the years, I got into a lot of trouble here for having the balls to ask the questions that everyone else was thinking. I just hope that now the AIM investigation will uncover the truth.
The main question of course, is the fact that (according to the hard evidence trader465 submitted on here) it would appear that over the years, as this was going down, the profits and turnover at Betts Metals in Birmingham were going up. There must be inventory records? But of course there was a fire and everything was destroyed. What a shame. The shareholders would like some answers please AIM? Thank you. |
Bye bye Hum RIP. |
Well, Nioko did make the offer in the end - 2.7p or so it is.
There's still risk here, though less. I reckon 2p tomorrow is "about right". |
16.12.2024 - in order to provide an exit opportunity for Independent Shareholders, ahead of the proposed cancellation, Nioko stated that it would consider announcing a possible offer for the entire issued ordinary share capital of Hummingbird that it does not hold at the Offer Price (the same price as the Debt-to-Equity Conversion).
A real shame to see this go to Nioko when it was so close to the pay day we had waited so long for, but the BOD were unable to turn it around in time, forced into the corner they go into by the mining contractors inability to deliver, time after time and managements inability to get them back on track....
The Group, as of 30.11.2024 has in excess of GBP122.8M of trade and other creditors that are overdue for payment..
Shareholders should be able to exit with their 2.6777 pence a share, better than a full loss, but not at all what we had hoped and invested for.. |
Plasybryn I told you repeatedly about this but you chose to ignore me. It would appear that we've all been royally screwed and trader465 is on the right track. Take it on the chin or better still, do something constructive like some investors have done. At least that should give you some satisfaction. |
Hargreaves Lansdown say we can't vote till probably the 16th. Not sure how you can vote now. Not yet formal is it? |
trader465 I can answer that. Because they're stupid. |
100,000 shares at 20p just 18 months ago would have cost £20,000. They are now worth £1,600, how can people here claim to be making money by averaging down? |
Does anyone here hold their shares through Interactive Investor. Had e mail from them regarding the vote, but when I click on Vote Now all I get is a load of advertising of their products with nowhere to actually vote? |
So did we. |
As with most on LSE i shall be voting NO |
Just voted. I took the advice of my fellow shareholder friend in Stourbridge, mainly because I was stupid to invest here and I didn't understand the provided link that said:- "We are a leading multi asset, multi jurisdictional gold producer with focuses on responsibly operating and developing our portfolio of assets TO CREATE VALUE FOR ALL OUR STOCK HOLDERS". Please. Are you 4king kidding me? Absolutely outrageous IMO. |
Hi Ken,
In this case, if everyone does their job properly, yes I do. Trader465 has presented enough well documented hard facts, (not hearsay) to warrant the investigation through the proper channels. Everything relevant has been presented to AIM.... and I do mean everything.
As TBTT said in his earlier post "you really need an insider to spill the beans." I agree. Perhaps that may be the case here? I hear there is a huge amount of activity at Betts Metals. I wonder why? |
BT1 .. you even think that is remotely possible ? |
But hopefully, IF it can be proved conclusively that there has been any "hanky panky" here, those responsible will be either jailed or forced to compensate the shareholders? |
In other news, Mail have issued an arrest warrant for Mark Bristow, CEO of Barrick Gold (who have mines in Mali). The shakedown of Western miners in Mali is getting more and more intense.
I wonder how much the Mali junta want in "back taxes" from Hummingbird. It's almost certainly more than the mine (Yanfolila) is worth. The Mali military took Resolute for $160m - so I reckon they'll want $50m or so from HUM (HUM mine is much smaller).
How this ends? Kouroussa gets sold for about $50m, Coris pocket the cash. Dugbe goes unsold or gets sold for peanuts, Yanfolila gets nationalised.
Coris lose over $100m. All HUM's suppliers (esp. Corica) lose a huge amount, many go bust. Equity gets nothing. |
trader465 My sources reveal that in the last three weeks there has been quote:- "lots of activity" at the premises you mention, stock taking and now staff training.
I wonder why? |
As I have said numerous times on here, I know people in the UK (especially the Nottingham and Birmingham areas) that know more about this than I do. It's hard for me to do anything from this side of the pond but I know for an absolute FACT that everything of value that appears on here is sent immediately to aimregulation@lseg.com It remains to be seen if they have the balls to follow through. |
In these things you really need an insider to spill the beans.
It's how most of these cases get broken open. |
Meanwhile at Betts private gold business turnover is up 100% in 2 years
2021 - £16.3m
2022 - £22.8m
2023 - £32.6m |
Evidence is the difficult part |
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