Hummingbird Resources Share Discussion Threads

[trader465] 04/11/2024 20:59

Please feel free to search the FCA register for HUM….

[tigerbythetail] 03/11/2024 20:16

I don't really think any Western miner has a medium term future in Mali. The country has moved completely into the Russian sphere of influence. And Wagner / the Africa Corps have a history of racketing and / or taking over mines in the other countries where they operate (see C.A.R.). All in all, HUM might be wise to try and rip out a last few ounces from Yanfolila and abandon, rather than invest in going underground.
I'd be nervous about miners with operations in Burkino Faso and Niger following Mali's example as well.
As almost always in mining, jurisdiction turns out to be the biggest single risk of all.

[farrugia] 03/11/2024 20:00

If HUM are to have a future in Mali they will probably have to cede 30% of the mine income to the government. (i think presently 20%?) See how Barrick are being hounded.

[...]

[borderterrier1] 02/11/2024 22:25

Infinity888 I'm sure you are right, but despite your predictions, you haven't been so far have you? I hate to see anyone lose in the markets but you do sound increasingly desperate I'm afraid. Good Luck!

[infinity888] 02/11/2024 21:21

commercial production will be confirmed in November ...
WTF - you are a psycho

[borderterrier1] 02/11/2024 21:01

Infinity888 Here's another old post of yours 13842 :- "This will re-rate to 30p when K reaches commercial which is imminent." What happened? Ho-Hummmmmmmmmm????

[infinity888] 02/11/2024 20:41

borderterrier - i have nicely averaged down in time.
However you are a psycho to monitor peoples old posts.

This week its the start of a nice ride back over 20P

[borderterrier1] 02/11/2024 20:25

Infinity888 You started spouting garbage about this on here in mid July (post 13799) when you told us all "K was in full commercial production".

The share price at that time was around 12p so at todays price, I guess you are down about 50% or 60,000 GBP? I guess it's no surprise you are getting nervous!!!

[infinity888] 02/11/2024 18:59

Tiger - another deramper.

Fact is that we get this week an update on Q3 and out of the finance RNS we know they made profit. We get an update on q4 where we are strong numbers - weather really good
We get the cash from Pasofino as well soon and an update

This share have massive upside

[tigerbythetail] 02/11/2024 18:38

Infinity, so you're looking at losses of £120K from here, which are quite likely to crystallise in the next couple of weeks, on top of the losses you presumably have already racked up. Wow! No wonder you're desperate and resort to lies so freely.
Don't you get it yet? Your investment is entirely dependent on Coris Bank doing what no bank ever does, and that is make nice to equity when the principal of a loan is in default and at risk.
Three side notes:
1. In all these pseudo-calculations about bank debt, people keep neglecting the money that HUM owe to Corica and all their other suppliers. HUM's total liabilities are in fact huge - and basically unpayable. It's carve up time, and Coris have the huge advantage of first charge over the assets. And equity, as always, is at the very end of the queue.
2. Assuming the US election ends with a clear victor, the price of gold can be expected to fall back in the short term. (Not that it really matters to HUM, as they are hedged at a much lower level anyway.)
3. I think there is a misunderstanding about the FCA. HUM shares are traded on AIM. But they are not a "regulated company" as such - that refers to stockbrokers, banks, NOMADs, and other professional bodies connected to the stock market. At least, I think that's right.

[infinity888] 02/11/2024 18:24

Sorry but have over 2M shares and as well share only facts we get

[infinity888] 02/11/2024 15:45

Borderterrier1 - you are one of those on LSE. I can see there are several accounts try to deramp shares for month now.

You are part of this and wonder which intetest you guys follow. Clearly not invested.

Report - i Report you nonsense too.

Fact is - this will be a game changing week for us shareholders in HUM.

So report whatever you want - i think you are just one of these mental derampers

[borderterrier1] 02/11/2024 15:31

Infinity888 Apparently, this has now been reported to the AIM regulators in the UK.

[infinity888] 02/11/2024 15:04

Borderterier … you not listen!

Look for regulation of registered public companies in jurisdiction England … !!!!!

[borderterrier1] 02/11/2024 13:04

Infinity888 Please go to www.gov.uk and click on Apply for Financial Conduct Authority authorisation.

It may well be nonsense, because I'm certainly not an expert by any means, but it clearly states that :- firms and individuals must be authorised by the FCA to carry out regulated financial services. Then look at the list they provide. It clearly states:- Investment schemes and dealing in stocks and shares. The company is a registered company incorporated in England and Wales and as such, subject to the UK City Code. Perhaps I'm missing something?

[infinity888] 02/11/2024 12:25

Borderterrier thats nonsense
FCA has rules for Premium shares and non Premium shares. Secondly Hummingbird is in registered in England and not Guernsey, Africa or any other jurisdiction.

There are clear defined rules for Public companies in England which registered in Englands Jurisdiction.

I have explained the rules above and you should stop talking nonsense

[borderterrier1] 02/11/2024 11:54

Infinity888 Please read the post from trader465. Hummingbird are not regulated by the FCA only the AIM regulation. Enquiries should go to [e-mail]

According to the FCA web.site "any company offering financial activities (and the list is there) including
stocks and shares" needs to be registered with the FCA. So, it's a bit of a mystery at this stage. But I know some who are invested here that will find out.

[infinity888] 02/11/2024 10:41

One of the potential reason not sending any production number out is related to the statement of the CEO at the meeting end of September. They have several parties engaged which shown interest to acquire Hummingbird Resources. They will see now if this will materialise. At a potential buyout, before the Code 2.7 is triggered, it is typical only to send RNS out which will be forced by the FCA regulations. Such as what happen to the loan to Corica. So not to play unfair games you sign an NDA in the initial phase and negotiate a minimum terms which is acceptable before to trigger 2.7. It could be that we see 2.7 RNS next week incoming.

The more likely position is that we see on 7th of Nov a RNS which includes the Pasofino sale and how the money is spend. Update on debt payment. Q3 results - Q4 upto date volume, Q4 outlook and potential initial number for year 2025.

Both events are game changing for shareholders as the upside potential is way bigger than downside and we just achieve the milestone we all waited for.

I do not care about the daily moves due. It's more important that major event happen which turn the tide in the direction upwards.

That will be a historical important moment for us investors

[laurence llewelyn binliner] 02/11/2024 07:44

With the debt level flat at the end of Q3 vs Q2 they must have at least made enough cash to cover the OPEX and break even..

Still 15 months behind where we should have been, Q4 will be profit making post rainy season..

Big week coming up for us here, refinance news, Q3 numbers, Q4/FY forecast and maybe 2025 guidance plus any developments on key personnel changes..

The turning point on cashflows is a very welcome step forward indeed..

[borderterrier1] 02/11/2024 00:20

Thanks trader! Very interesting!

[trader465] 01/11/2024 23:51

BT a holder here sent me this reply she received from an alleged acquaintance at FCA

I've been unable to locate a firm called HUM plc (or Hummingbird Resources Limited), which means they're not authorised by the FCA. If they’re offering particular products or services (known as regulated activities), they would need our authorisation to do so.

I’ve also been unable to find an entry on our Official List for HUM plc or Hummingbird Resources Limited. The Official List is a public record of whether a company’s securities are officially listed in the UK

Please be aware that if you deal with a firm who aren’t authorised by the FCA, you wouldn’t have any protection in place from the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if something went wrong or if this was a scam. We’ll be unable to provide any assistance in recovering your money from an unauthorised firm.

I’ve today referred the information you’ve provided to the appropriate teams for their consideration. If they require any further information from you about this, they’ll ask me to contact you again.

I hope you will understand that it is often not possible for us to tell people about the outcome of any action we may have taken in response to the information they have provided to us. This is because much of the work we do with firms is covered by legal and policy restrictions on what we can disclose.

Your next steps

From the information provided , it appears that HUM is listed on the Alternative Investment Market (AIM) at the London Stock Exchange, you may wish to report your concerns to the AIM Regulation Team. I’ve listed their contact details below.

Phone: [phone]

Email: [e-mail]

[borderterrier1] 01/11/2024 23:35

Infinity888 Please get your facts right. As usual, you are spouting absolute bunk, complete hogwash. So, here are few hard facts for you. Before you get carried away again, please understand, these are not my words. It's not the usual hype and B/S that you peddle, it's hard facts available for anyone to see on the Internet. Once again, you seem to be suggesting that you have "insider information" just as many have done before you. IMO that's a dangerous tactic.

The COMPLETELY INEXPERIENCED CEO here was paid an annual salary of $589,000 up to 2019 when he was then paid another 20% for a "productivity bonus." IMO, considering his track record, that was outrageous.

So, I believe we absolutely DO accept facts. You, on the other hand apparently don't?