Hummingbird Resources Share Discussion Threads

[luckyvince] 29/5/2018 16:52

There will be a deal of support from the government thats for sure,but in the short term things will be a bit squeaky bum for all concerned.

[charles clore] 29/5/2018 16:48

If you do a google search you will find this kind of thing happens regularly in Mali.I do not expect it to hamper operations. Meanwhile the stock is looking cheap!

[luckyvince] 29/5/2018 16:43

Sad news, will have to wait to see if its just a few agitators or something more organised.

[ukgeorge] 29/5/2018 16:41

this is three shares in three trading days for me petra, centamin now these ffs

[ukgeorge] 29/5/2018 16:37

well this isn't good at all.....ffs


In recent days, a limited number of people in the local area have disputed the Company's plan, previously agreed with local community leaders, the Government of Mali's Ministry of Mines and local government, to extend mining operations within the Company's permit area to the Komana West deposit. Our understanding is that this group of people were acting unilaterally to stop the Company carrying out initial site preparation work at Komana West.

The Company has been informed by the Malian National Guard that while upholding the rule of law, requested of them by the Government of Mali, a security incident occurred. Very regrettably, we have been informed that this incident has led to the loss of at least three lives (two of which are believed not to be Malian nationals). The Company expresses its sincerest condolences to the families of the deceased and others affected by this incident.

All Hummingbird employees and contractors are safe. The process plant continues to operate at this time.

The Government of Mali has a 20% interest in the Yanfolila Gold Mine and the mine has a 95% Malian work force.

Further updates will be given by the Company as appropriate.

[jonnycash1] 25/5/2018 19:22

Thanks for your views. Perhaps the elections on July 29 are a focal point. The situation seems to getting worse and that may be a factor for HUM share price. When something looks to good to be true, it is. My problem is why is this stock so cheap. I don't know, but there will be a reason. If I knew what that was, I would be more inclined to buy in.

[ukgeorge] 25/5/2018 08:55

Less likely to be nationalised than the trains in the uk.....

But joking aside Mali is regarded as one of the better countries in Africa. The 10% free carried interest is pretty reasonable and I think the royalty rate is 3%. The government understands they need investment. A few problems with Isis/or similar in the North but not where the mines are.

[charles clore] 25/5/2018 08:05

Jonny - political risk is a factor that cannot be ruled out but the company is doing everything it can to mitigate this by involving the community in its workforce, 95% of which is Malian, and about 25% of whom are women I believe. This is no guarantee of immunity from political changes but Mali is a stable country with a cooperative government that is involved in the project so not a significant risk I feel, but please dyor.

[jonnycash1] 25/5/2018 07:42

What do you think is the political risk of operating out of these countries?

[charles clore] 24/5/2018 15:24

I can only sit here in amazement that anyone could find anything to berate this company. Apart from the share price which is not of the company's making this has done everything it promised to do. Imho the share price will rise rapidly as the instirutions start to wake up. I am truly surprised it hasn't already happened! And if the gold price rallies, light the blue touchpaper and stand back.

[darola] 24/5/2018 14:58

Strong against the £ at £972

[ukgeorge] 24/5/2018 14:56

Gold back above $1300. The dollar topped out a few days ago. Fingers crossed it gets through $1360.

[darola] 24/5/2018 14:50

Frank has extended invitation to anybody that wants the details of the conversation, it's available via twitter and direct by email. FYI the HUM twitter group is very good and open to anybody that is happy to engage in constructive debate and a bit of light hearted banter...

[chipperfrd] 24/5/2018 14:23

CT,

So who do you think wins in the long run?

Just ignore the idiots and take advantage of price weakness.

HUM have only just declared commercial production. Over time their share price will reflect business profitability and earnings generated. If they fully succeed in reaching their targets then it matters little what a negative minority may post in a tiny corner of the retail market.

Chip

[cockneytrader] 24/5/2018 13:58

Agreed. Any shareholder can contact the company. However, if a shareholder has information why not use these boards to promulgate that information. It's a more efficient way of doing things. Why waste more BOD time than is necessary?

But more importantly, there will always be parties on these boards who you will not agree with or act like idiots, why let them win?

[darola] 24/5/2018 13:13

CT. what a load of carp. Anybody can contact the company to express their concerns and ask questions - they are open enough to respond, and I have personally exchanged emails. Frank is kind enough to then share "his" conversations and dialogue for wider viewing - I repeat. ANYBODY can contact the company - there is nothing private about it.

[ukgeorge] 24/5/2018 12:13

I can't stand the LSE chat. Literally tens of messages a day mainly squabbling over very little. Lots of name calling and massive ramping.

[cockneytrader] 24/5/2018 11:41

Minority rule alive and well on LSE public forum.

From where I am sitting it looks as if a minority has indirectly been responsible for changing the way information is shared, i.e. Private rather than public.

A shame really.

[darola] 24/5/2018 10:32

Quote: "a cash flow positive company with significant growth plans"

[catsick] 24/5/2018 09:50

Yup the final bit of risk is removed, low print in cash balance in feb after making the final plant payments, still plenty in the kitty and now coining it ....

[charles clore] 24/5/2018 09:44

Imho this is one of the most underrated (and underpriced) junior miners on the planet. The evidence is there for all to see but unfortunately you cant force the horse to drink and we will have to be patient for the rerating, but it will come.

[bahiflyer] 24/5/2018 08:34

One of the nuggets from todays results states that the company became cash flow positive during February this year.
So even though it was only the ramp up period and the consensus was that it would take several months of FULL production before income out stripped total costs, it appears that HUM are ahead of the game, or am I understanding it wrongly.