Hummingbird Resources Share Discussion Threads

[charles clore] 25/4/2018 13:02

Amidst the doom and gloom here are just a few reasons to be holding.

[andrewsr] 25/4/2018 10:40

Why would they need to raise money if they had $40m at the end of 2017 and have produced about 17,000 oz, about half of which was in the last reported month (February)?

[ukgeorge] 25/4/2018 09:45

wait for the chorus of "in the feasibility study AISC was $xxx and with gold at $1340 the mine is making XX a month"

Come on Hummingbird get to commercial production!!!!!

[sleveen] 25/4/2018 09:16

Anything less than 9k oz production in the next RNS (assuming we're going to get one soon) will be interpreted as failure and the share price will be hit below 30p. IMV.

[ukgeorge] 25/4/2018 09:13

Well you are a mug. We do not know that this is a strong company. If they do not get to commercial production soon they will likely need to do a capital raise.

[gersemi] 25/4/2018 09:10

100k sell at 31.80p - I am assuming that's still Pageant.

I do like this scenario though. A distressed seller selling stock in a strong company - it allows you for build a cheap position assuming of course the seller's selling is unrelated to the health of the company

[charles clore] 24/4/2018 16:15

roman - I think your 3044 makes sense. catsick - You and me both @ sub 30p

[catsick] 24/4/2018 13:25

Pageant are selling and have a shed more to sell, you wont get any more rns as they are below 3% but will be heavy for a while, I own a bunch but will buy more if we see sub 30p

[gisjob2] 24/4/2018 12:41

Surely it's not worth a RNS saying 'today we have reached full production levels' it means nothing. Better to say 'we have been producing at full production levels for the last month'

[roman180389] 24/4/2018 12:33

I wonder if they are delaying commercial production to try and force pageants hand. Ideally once commercial production is announced you would expect to see significant volume and ideally Rerate. But if you have pageant selling into this volume we'll remain flat and again unhappy shareholders. If pageant want out ideally HUM can line up a fund to take over and then announce commercial production.Anyone had communications with the company?

[ukgeorge] 24/4/2018 12:24

Charles, the thing is ref "They don't need to raise any more funds at present" we don't know that and this is what mr market is worried about.

If everything was on track commercial production would have been declared by now.

[charles clore] 24/4/2018 12:13

They don't need to raise any more funds at present so share price is irrelevant to the bod. Why would they be worried about it? It doesnt pay the wages, production of gold and silver does and that's why it would be good to know the mine has achieved commercial production levels. I have followed the company for a long time and trust that everything is on track and therefore see this dip as quite a nice buying opportunity

[zeberdie] 24/4/2018 12:12

Commercial is a solid run over a period of time therefore the RNS could say we are commercial today and therefore have been for a month or so.

[sleveen] 24/4/2018 11:55

Good news like that would have been published ASAP. An ops update was due last wee based on previous months updates.

Perhaps an update RNS tomorrow, but the share price will continue to fall as the update delay continues.

Bad news always takes time to reach the surface.

[rileyma] 24/4/2018 11:50

Why not tell us then,,,

[zeberdie] 24/4/2018 11:35

Who says we are not in commercial production. ? We could have been for a few weeks already.

[charles clore] 24/4/2018 09:18

They will be even more distressed when they see HUM rocket! I cant imagine what sort of trouble they are in to be selling here.

[ukgeorge] 24/4/2018 09:15

Agree Charles, the chart is dire and suggests 28p.

Every day not being in commercial production makes cash more of an issue.

[gersemi] 24/4/2018 08:44

I am assuming that Pageant is a distressed seller? Either that or they know there's a bad news somewhere in the pipeline, which I doubt.

[gersemi] 23/4/2018 18:20

I wished they'd f-ck off, pardon my french. of course their selling does present (CC above) does present a great opportunity to build a position....

We need to see commercial production and then the brakes might come off...the all important positive operating cashflow

[charles clore] 23/4/2018 18:17

Actually I see a unique opportunity here to add cheaply. Already had a few!
On the other hand the chart does not look very positive. We can only hope that it quickly gets back inside the triangle rather than looking for support below it - it's a long way down!

free stock charts from uk.advfn.com

[qs99] 23/4/2018 18:15

Indeed. They still have another shed load as well. Maybe management can warm up another insti to take them off their hands at an agreed price?

[gersemi] 23/4/2018 18:14

Pageant Holding still off-loadin'. No wonder the price keeps stalling.

[rhuvaal2] 20/4/2018 16:32

from 15 to 35p over the past year or so is pretty good going. Quite often everything is already priced in and I am here for when gold stocks are in demand: the news channels will announce when that happens...

[ukgeorge] 20/4/2018 15:39

There have been a few chunky 100k plus buys today which bodes well.