Hummingbird Resources Share Discussion Threads

[farrugia] 01/10/2024 13:50

buy cerrado gold if you want a high risk punt that could quadruple without the huge risk here punk.

[farrugia] 01/10/2024 12:51

minimum 50p a share take out.. -> lol

you'll be lucky it doesn't get suspended with that huge debt burden.

I only like to play if the odds are on my side and I don't see the odds in my favour here. Rather the opposite.

[crankylad] 01/10/2024 12:48

Betts is on the way out, they're bringing in an experienced industry CEO to see through a sale of the company, minimum 50p a share take out.. watch this space!

[borderterrier1] 01/10/2024 12:40

Infinity888 What "Dan has said?" Over the years, Dan has said lots of things, all of it designed to suck people like you in. Most things he says are a figment of his imagination but basically, he's a liar.

The FACTS are:-

1. He has ZERO previous experience at running a mine.
2. Gold is at record highs.
3. This share price is at record lows.

What don't you understand?
.

[plat hunter] 01/10/2024 08:57

The exclusivity part just restricts Pasofino from engaging and marketing the asset whilst the bidder is sorting things out.

It's a little like buying a house and you ask the vendor to remove the listing... They're only going to do it if there's a good reason to. Liquid buyer, good price or just being compensated for the lost opportunity whilst you get your papers together etc etc.

The only thing that matters to Pasofino ATM is keeping the lights on money so if they've been paid 1.5% to take it off the market for a month when they know nothing is going to happen anyway over that period then just take the 100k and do a bit more drilling etc etc.

[infinity888] 01/10/2024 07:14

Around Pasofino key sentence in yesterdays meeting was that exclusivity of a 75MUSD offer was for the bidder to do DD - a binding agreement has to be constructed afterwards.

Clearly Dan expect more than 75M and this will be part of the binding agreement negotiations. Expect way over 100M USD for Pasofino. So assume at least 60M$ for Hummingbird from the sale.

[backmarker] 01/10/2024 06:54

The answers to a lot of the questions were quite short, suggesting there is a lot of background information that we are not being given, probably because of sensitivity.I suspect the Corica relationship is not all sweetness and light, and there were no details of quite how this gold loan will be structured.I put 3 questions, none of which was asked in the way I put them. One - whether or not the financial situation re. Corica had been resolved and whether outstanding payments were due - wasn't put at all. In theory, HUM may be able to sue for damages for breach of contract; but might not because of dependency on Corica to get Kouroussa running commercially.It was good to hear it reaffirmed that the gold is there.It would also seem that DB isn't keen on letting Dugbe go, certainly not at the fire sale price mooted. It's clear that everything turns on getting Kouroussa generating cash then more sensible discussion can take place.

[infinity888] 01/10/2024 04:24

Did you joined the Mgmt Call?

I repeat what Dan has said:

They received several informal offer for HUM and now see to get to a formal and realistic offer. Thats for Hummingbird

As well was said that Pasofino got an offer for exclusivity only - after DueDilligence a formal bid to buy has to follow. Most likely a higher amount than the original 75MUSD.

Furthermore October KOU target is at least 8Koz output.

Lot of BIG RNS incoming next couple of weeks - we will be quick above 10P

[borderterrier1] 30/9/2024 21:07

Infinity888 Are you Pied Piper Frank Campbells lover by any chance? Or perhaps Dan's Uncle? Dan also said "I am proud of what we have achieved." In other words, sweet FA. Infinity888, IMO you're an idiot for believing. How much are "they" paying you to spout this utter garbage? Or perhaps you get it in Hummingbird commemorative gold coins like Pied Piper Campbell did? What a buffoon.

[infinity888] 30/9/2024 20:41

Looks like we receive soon an offer for HUM - Dan said it today !!! They received informal offers and look if those get to formal - add more tomorrow

[infinity888] 30/9/2024 15:44

Lets not forget that Pasofino got an offer which give exclusivity only!

The formal offer likely higher - as well the exclusivity offer was over 80% premium from day of announcement.

HUM has 2 developed mines and will be valued way higher due to that fact. We should easy see a premium of 100-200% from todays share price

[laurence llewelyn binliner] 30/9/2024 15:21

A frank summary from DB as I saw it, he recognises his strengths/weaknesses and that is how you grow a business, the plan/do/measure/respond process is a well proven model with continual improvement, good on him for taking it on the chin and stepping back..

Anyone who has built a business will also know how the stress of it all 7 days a week just wears you out over 10/15/20 years and fresh energy with the right skill sets to drive it forward is essential to success..

HUM really need operational expertise to iron out the mining contractor issues for starters, an expert in that field will not have the wool pulled over their eyes..

VEIN spent USD20M doing the Dugbe DFS, and HUM spent more than that proving it up over 15 years since discovery, so 75M does not represent much of a profit overall taking the cost of time into account..

IF a bid came along after the VEIN strategic review, we will see what happens, but their bid should be firmed up inside Q4..

1 point to note was KEUG has been impacted and knocked back but hopefully we will see some development ores for FY, we were 800/900M into it at Q2, so should be there soon, unless tunnelling was suspended for cost control..

[charlieeee] 30/9/2024 14:43

Utter disgrace, with DB yawning.

The sooner he is shoved out the better.

How can he say with a straight face that we have 2 billion in assets, knowing that Dugbe is on the market for so little?

Tom Hill slightly more credible: he does have better working knowledge of the mine and the answer to the grade control question was the one bright point in the scanty overall apology for a PR exercise.

As a PS, the answer to the grade control question was given by TH and he confirmed that grade control corroborated the resource: that is key to eventuall success. If DB had answered that question, I would have assumed that he had plucked the answer from nowhere, but TH is more credible and has answered difficult questions accurately at the AGM.

[infinity888] 30/9/2024 14:36

This is the points from the investor meeting just ended

[infinity888] 30/9/2024 14:36

Personal take away:

Mill alignment is key and we will be by end of 2024 at 200Koz capacity

Pasofino will need a formal bid. Bid could be higher than initial amount

HUM is up for sale - several informal discussions happen/ed and now they see if they get a formal offer

Chief Transition Officer will lead change the coming weeks

New Board Member - CEO of the Banks subsidiary which is largest shareholder

NO PLACING - financials sounded well covered

[sleveen] 30/9/2024 14:20

waffle, waffle, blah, blah.

[wskill] 30/9/2024 14:20

Was that it ,what about Kouroussa has it produced any gold.

[sleveen] 30/9/2024 14:01

Tales of the Unexpected due to start now.

[borderterrier1] 30/9/2024 13:16

Infinity888 Sure you can! You and Plat make a good pair! ROFLMAO!

[infinity888] 30/9/2024 13:04

10 bagger incoming - can do 5 bags in Q4-24 alone

[borderterrier1] 30/9/2024 12:52

Vintage Plat Hunter. Post 9513 4th December 2020, share price 32 p ALMOST 5 YEARS AGO.

Quote:- LOL 10 bagging coming, just watch.

[plat hunter] 30/9/2024 11:53

Final tranche bought back 6.5 paid for a mere £346 less than they were sold for


Total £1,980 taken out of the market in bang on 1.5 sessions. Now we get ready to motor on as the company explains why Dan is announcing that we have reached 200k ounces a year.