Hummingbird Resources Share Discussion Threads

[ukgeorge] 18/10/2018 11:10

I know it is small fry but quite interesting.




Bunker hill mkt cap is now $1.5M

[footloose2] 17/10/2018 07:09

the charts look to have finally changed direction north.
Those traders now holding shorts know what they need to do.

[borderterrier1] 16/10/2018 19:59

new_buyer Gentlemen. You have options. You don't need to listen to me, listen to the pedantic parrots who keep repeating themselves about how good this is. And still the share price goes South.


pedantic:- adjective:- caring too much about the unimportant and not enough about the underlying important issues. Often ostentatious concern for academic knowledge without addressing the critical.

FYI from the LSE BB "Dan needs to swallow some humble pie" Not MY words you understand..... but good luck with that!

[new_buyer] 16/10/2018 18:30

narcissist
ˈnɑːsɪsɪst/Submit
noun
a person who has an excessive interest in or admiration of themselves.
"narcissists who think the world revolves around them"

[footloose2] 16/10/2018 18:24

BO

Depends what one classes as disappointing.
We have no past Q3 to compare it to, so we don't know what effect the rain will have on production.But as they have said, "The mine is on track to achieve its 2018 production target of 105,000 - 115,000 ounces".
So q1 did 18,785 ounces Q2 33,101. so if Q4 matches Q2 at 33,101 then that would mean Q3 should come in between 20-30,000 ounces. So not long to find out.But what ever he update shows some will complain.

[chipperfrd] 16/10/2018 18:12

Thanks CC, if you want to have general chats about other PM stocks etc, then post on my comparison thread:-


I don't put as much time in these days but it's a pretty quiet thread and others (like RT) are sometimes around with sensible comments.
Chip

[borderterrier1] 16/10/2018 18:00

Gentlemen. You have options. You don't need to listen to me, although I have been repeatedly proved right. Fsj, Darola and you two "savvy investors" continue to pump this up with facts, figures and projections. The problem is, the share price doesn't know that. IMO unless there are some decent operational improvements with the Ceo/bod this disturbing trend will continue.

[charles clore] 16/10/2018 17:33

chip - no problem/ It's a lesson in investing for me

[chipperfrd] 16/10/2018 17:25

Bo,

I am holding around 25 PM stocks, most of them are producers, so this summer has not been the best for me - but that's the way markets cycle around!

I started with CEY at c. 7p/share and sold most when it 20-bagged in order to buy more MML in 2009 as it was running up from the 2008 low. I could hardly believe my luck when CEY later sold down to 27p on news of the court case and fuel price (late 2011) issues. The subsequent fresh trading involved in order to minimise holding costs was the birth of my current 'staircase' portfolio strategy - so I have a lot to thank CEY for.

I did sell most of my new holdings again last year because it was reaching the 50%'ish level of attributable earnings under their agreement with the Egyptian Government. I have subsequently started over again with CEY on my 'staircase' system, but I am not considering it on the same under-valuation terms and I doubt I will end up with another large holding in the stock - but who knows, perhaps the market will have another massive wobble and I may yet get a third opportunity there.

Sorry about the digression from HUM.
Chip

[bo doodak] 16/10/2018 17:19

You may be right casual, but one can't be invested in everything at once sadly. If the DOW does tank I feel I will get that chance, and I'm prepared to wait to be sure gold stocks have bottomed before investing further. If I miss out, so be it.

[casual47] 16/10/2018 17:11

CEY is still only just climbing back up from a substantial sell off.....if 85-105p isn't a good enough bargain for you then I'm not sure you'll ever get back in again....

[bo doodak] 16/10/2018 17:08

Chip,
I'd like to have your total confidence! It is one of my holdings I'm comfortable with though but with it being AIM my mind set is 'expect the unexpected'.

Re CEY, one of those that got away, so to speak as sold far too soon. Given the huge progess made, even with current wobbles, since I sold, its incredible to see the share price at current levels. Hoping for a substantial snap pullback if we get a severe general market sell off, but that may be too optimistic now.

Bo

[chipperfrd] 16/10/2018 16:50

I can't say I am worrying at all!

HUM have already done far better than many new producers that I have held in the past.

My own forward estimates provide plenty of upside (without Dugbe!) and it is their financial position after a minimum of a full year of commercial production which matters more to me than these first couple of quarters.

I had to hold CEY for 8 years before it reached production so HUM has been a 'breeze' so far :-)

Chip

[bo doodak] 16/10/2018 16:37

We are all worrying to varying degrees no doubt, it's to be expected and as long as one isn't over committed to a single share its character building all this nervous tension.

If Q3 figures disappoint due to the wet season, then there likely will be more worrying to be done unfortunately, but at the moment the upside is still much greater than any possible downside.

[chipperfrd] 16/10/2018 16:34

RT.
Well said!
Far too much rubbish being spouted about a relatively small issue. It is far more important to focus on the significant achievements made by HUM over the last couple of years.
Chip

[ukgeorge] 16/10/2018 16:27

Hi Rogue, I agree and there is no need for him to resign. LSE chat is just a lot of hot air.

If the share price closes a little higher a big rally is coming :)

[roguetreader] 16/10/2018 16:21

If DB were to resign then IMO there is only one direction the share price will go and that is down. If the worst decision he makes in the next 2 / 3 years ( I'm assuming he is staying ) is losing $2M on BH, then considering the rest of his achievements with HUM to date,it is small beer, lesson learned and move on. If every CEO of a mining company resigned each time they made a mistake of this magnitude, hardly any would be in post for more than 12 months!

[laurence llewelyn binliner] 16/10/2018 15:15

It's a bit disappointing that HUM's due diligence seems to have let them down here, but that said, all BOD's make some bad decisions, we can learn from it, and it's not a crippling result for us here, dust off and move forward...

[charles clore] 16/10/2018 14:15

Maybe DB wanted to retire anyway and is using BH as a plausible reason.

[bookwormrobert] 16/10/2018 13:46

Hi Laurence!
I remember HUM informing the market that the Bunker Hill loan had been increased from $1.5m to $2m, which would imply that it had been given in full.
Bunker Hill Mining Corp. was seemingly pretty much a pump and dump scam, run by people with a history of such scams, so all the money will most likely have vanished from its accounts. See the article and link posted on the LSE board yesterday for more details.
IMO, there's not a hope of getting any money back from the EPA, either. That's not how the US Govt. works!
For my money, Dan Betts has to go. Institutional investors aren't exactly the forgiving sort...

[laurence llewelyn binliner] 16/10/2018 12:55

Do we know for sure that the loan to BH was delivered in full...? or partially..? surely if they had the $2M from us then the BH BOD could afford to pay the overdue $400K to maintain the lease...?

[rickyhatton] 16/10/2018 10:47

Hum may be with lawyers to see if some refund can be extracted from BH payments to the US Environmental Protection Agency. (work no longer needed)
DB was wholly avoidably a tad confrontational with shareholders and a tad less than amenable in the conference call, which is only ok if you are making good decisions. Learning points too for what seems a failure of due diligence.

But onwards and upwards. Its relatively very minor. The brave have to learn. Buying out the Teke plot from Cora cheaply would do no harm if it adds value to the mine plan.

[charles clore] 16/10/2018 10:29

George - there's a lot of people believe in this. It has not really had a chance to show us the money but I think it will come.

[ukgeorge] 16/10/2018 10:18

A close over 26.5p and this is going straight back to 30p. IMO

The Bunker Hill episode must be priced in to the share price. Likely a $2M loss but not the end of HUM. I hope that it is a lesson learnt for HUM management and they are not doing any similar left field deals.

Now....
Steady state production
Increase reserves
Keep costs under control
Reduce debt
Be boring