Hummingbird Resources Share Discussion Threads

[creditcrunchies] 20/3/2024 13:05

At least you can still leave a voicemail

[creditcrunchies] 20/3/2024 13:03

This outfit needs funds to operate it could be contractors have refused to work because they're not getting paid? There's always that reason hence why nobody is answering the phone

[jbravo2] 20/3/2024 13:00

You better get on to Hummingbird who can issue an RNS clarifying the dispute is resolved and the mine is operating at full rate

[plat hunter] 20/3/2024 12:57

For everyone's attention especially LT's.

Why is this London number being diverted to a Vodafone voicemail?

Don't believe me, call it yourself.

Contacts
Media enquiries - Camarco
Gordon Poole / Elfie Kent
[e-mail]
[phone]

[trader465] 20/3/2024 12:53

trader465 - 22 Jan 2024 - 11:06:06 - 12735 of 13211
Back to 5p within 6 months?

[trader465] 20/3/2024 12:52

Hey Prat how’s that 9p leveraged spreadbet looking here? Well done kiddo 👍

[lowtrawler] 20/3/2024 12:50

PH - Camarco is an employee owned communications consultancy. It makes news announcements for major businesses.


Stop questioning the validity of the announcement and act on what you believe it means.

[lowtrawler] 20/3/2024 12:46

DB, at the current price Mum and Dad Betts would need to buy 400m newly issued shares and, even then HUM still need the guarantee. Only Coris will be able to provide a solution and shareholders must wait with bated breath on what Coris choose to do. This is outside the hands of the Bett's family.

[plat hunter] 20/3/2024 12:45

Also LT who on earth are Comorco?

I would have thought Corica could afford their own email hosting accounts

[plat hunter] 20/3/2024 12:43

LT...It was first published on linkedin and is Photoshop to make it look like it's from the Corica website.

If you want to establish the validity of an online publication you have to find the maiden publication and I'm afraid that it isn't businesswire.

Also Corica don't have a London office, so go figure.

[dickbush] 20/3/2024 12:40

Agree, sleveen. I don't agree with previous contributor that this is another fraud. Just the very poor management for which Betts is famous. Not news to shareholders. I do wonder, though, why Corica has chosen this moment to go public. It would suggest that they've already had private discussions with Betts and they were convinced that going public was the only way to get a favourable outcome. I am relying on a compromise being recognised as in the best interests of both parties. Our major shareholder and our bank have only to threaten Betts with losing his job and it will get done pdq.

Will mum and dad be buying 1.5 mil shares again at this price? That or DB getting fired are the only actions that would get me to buy again.

[lowtrawler] 20/3/2024 12:35

PH, continuing to question the validity of the Corica announcement is just nuts. Have you even read the business wire announcement? It was issued directly by Corica and even includes the contacts if you have any enquiries:

Contacts
Media enquiries - Camarco
Gordon Poole / Elfie Kent
[e-mail]
[phone]

[1knocker] 20/3/2024 12:32

I am afraid that when folks with no money don't pay their bills and their contractor refuses to carry out further work, it is not usually because the contractor is at fault. The usual reason is that the contractor does not want to risk running up any more expenditure it does not expect to recoup.

There will be a protocol for resolving performance and payment issues in the contract.
Even if, improbably (but we must not overlook that this is HUM) there is not, payment is usually made to the contractor under protest and without prejudice to cross claims provided that the contractor is solvent (no reason to doubt that here), or payment. is made into an escro account.

When there is no payment or arrangement to keep the contract operating and the contractor downs tools with no alternative contractor ready and willing to steop into the breach, jeopardising the continued existence of the employer , the obvious conclusion to be drawn is usually not far off the mark.

[blackhorse23] 20/3/2024 12:27

On the way to bankrupt, money moving to APH

[plat hunter] 20/3/2024 12:24

The original news source is taken from a Photoshop article on linked in.

There has been nothing issued by Corica themselves anywhere.

[kinwah] 20/3/2024 12:10

The Corica announcement on Business Wire looks totally genuine. $27m is probably 3 months development work for which they haven't been paid. The HUM counter argument is that Corica haven't delivered what they were contracted to do. A partly developed mine has a similar value to a half complete bridge - absolutely nothing unless you can access funds to complete it. Hence HUM is in a severe liquidity bind. Normally in this sort of situation you would look to sell other assets to release cash. However Yanfolila is unsaleable due to its location in Mali regardless of its remaining reserves. I fully understand the strategy of racing to get Guinea up and producing but without the cash to complete the project HUM is in a perilous position.

[danieldanrichardson] 20/3/2024 12:04

Plat's lost his shirt... again

[plat hunter] 20/3/2024 11:52

That would be Corica's cost as ultimately the cost of supply is their direct liability, if they don't have fuel they can't run their fleet.

HUM would be indemnified as a point of force majeure.

[sclper] 20/3/2024 11:51

I think the contractor is likely paid on mined BCMs

[jedi k] 20/3/2024 11:43

I think the charges have built up over the standing period when no diesel was available. If Corica provide the men and equipment, who stands the cost if there is no Mining?

[plat hunter] 20/3/2024 11:42

LT...I have never known a single company big or large, make statements about commercially sensitive contract agreements on an employee intranet service.

Do you not think that would be a little weird?

[lowtrawler] 20/3/2024 11:32

PH - the Corica website does not appear to hold any news announcements. The screenshot is likely to come from the employee intranet. I don't know why you are getting so hung up on that.