Hummingbird Resources Share Discussion Threads

[ukgeorge] 19/10/2018 15:09

"New Buyer

Q3 results won’t be poor if you have researched this investment properly."

Four posts ago you posted this

"Was it a multi year option plan or just a one off plan for the first year?"

So you clearly don't know the company that well..........


Footloose, what companies close for three months in northern europe? Mines run 24/7 365 days a year.

CC I'd rather people know they will be worse than Q2 and not panic sell.

Anyway roll on the weekend and the downtrend being broken.

[charles clore] 19/10/2018 15:06

Maybe because they want less knowledgeable, less experienced people to sell their shares so that they can pick em up cheaper?

[footloose2] 19/10/2018 15:02

UK George

I can't understand why you or anyone else keep saying Q3 update will show poor results. We all know that q3 is the rainy season. Its not a one of thing, it will happen every year. Most companies that work in northern europe have to close down for three months or more in the winter.Those companies don't say they were poor quarters.
They are expected. There seems to be much to much negativity on these BB. I just can't see the reason why.

[new_buyer] 19/10/2018 14:48

Q3 results won't be poor if you have researched this investment properly. They will be as expected which will be lower production due to rainy season with a higher AISC. I won't be disappointed with them as I know they'll be less impressive than other quarters due to external circumstances.

[ukgeorge] 19/10/2018 14:09

As much as I am not ruling out a spike lower on the poor q3 results. The downtrend could get broken today with a close above 26.2p. It shouldn't mean f all but, psychological things like this often do. Many of the gold mining companies have also rebounded 20ish +% in the last couple weeks. So fingers crossed HUM may follow suit shortly.

[new_buyer] 19/10/2018 14:08

Most LTIP's I've ever seen are basically additional salary but called a bonus with low level thresholds to meet to obtain it.

[darola] 19/10/2018 13:57

It was the insentive plan for 2018. Guess they’ll be a new one for 2019. Described as a plan to “retain and incentivise key team members”

If DB needs this to be retained he should step-down now tbh. As HUM is “his baby” I’d be surprised if he needs motivating and reward for not leaving!

[new_buyer] 19/10/2018 13:43

Was it a multi year option plan or just a one off plan for the first year?

[borderterrier1] 19/10/2018 12:59

Like LLoyds bank for example? Good example of a "sure thing". Look at the 10 year chart for a "Bank too big to fail" And FYI I have most in Muni bonds but this is my gold play to replace Acacia mining, up to now, its been a disturbing journey. And I seem to lose money when I trade? Don't we all!!! Listen to Fsj and you will keep losing. And my guess is that when the next update arrives, the Bod will pay themselves a large bonus this quarter, which is the norm for companies/banks/institutions that perform badly for their shareholders, isn't it?

[darola] 19/10/2018 12:39

Much has been said about the options the BoD have awarded themselves based on performance; if your are right UKG, then two of those become challenging unless they have a stonking Q4.

(a) Production Tranche: 1/3 of the options will vest if 100,000 ounces of gold are poured between 1 April 2018 and 31 December 2018. The number of options vesting under this tranche shall be reduced proportionally at each date by 10% of the total for each 1,000 ounces produced in the period less than the targeted 100,000 ounces (i.e. if production in the period is 90,000 ounces or below then no options of this tranche will vest).
(b) Cost Tranche: 1/3 of the options will only vest if the Yanfolila AISC (as announced by the Company) as normalised for a US$0.6 / litre fuel price and a US$1,250 gold price is equal to or lower than US$750 per ounce sold.

[ukgeorge] 19/10/2018 11:53

So what are the guesses for Q3 production and costs?

I think 25koz and costs AISC $1,050.

Likely a spike lower and the last chance to top up before a sustained rise gets under way.

[new_buyer] 19/10/2018 08:13

Still no quarterly update, never sure why it takes 3 weeks or more to get this out.

[new_buyer] 19/10/2018 08:12

footloose when you are worth millions, BT's words not mine, what does it matter if you lose a few grand!!

[footloose2] 19/10/2018 07:03

BT

Why don't you just go and invest your money in the FTSE 100.
It seems that AIM investing is not for you.
You seem to even lose money when you trade.
Best for your health also, put what little you have left in a divi stock on the FTSE and take you 3-5%.

[borderterrier1] 18/10/2018 20:56

BO I'm not allowed to post on the "private" thread that was started by someone who would prefer not to know the truth. But I agree with what you say about Bert and perhaps he knows more about some other things and not just BH? The reason asked questions about this is because I have had my fingers burned in the past with scams/pump and dump schemes that are talked up by company pied pipers/mouthpieces....and lost a lot of money into the bargain. I'm not suggesting for a moment that is what is happening here, but things are strangely quiet now and if the professional stock advisers are negative about this then I think we should be concerned.

[bo doodak] 18/10/2018 19:01

Not that it really matters now, but if you study the body language of Bert when he gave the recent Denver presentation, I'd suggest he knows, and that he knows others in that room know the news about to come out on BH.

[borderterrier1] 18/10/2018 16:48

I have been thinking like that for over 2 years now. As we speak the pundits are speculating on the LSE BB that the pog is on the rise. It may well be, but that is only part of the solution to the share price problem here. Investors here need some answers, but not from Fsj.

[footloose2] 18/10/2018 16:43

The only thing distressed here will be the shorter's.

[muffster] 18/10/2018 15:29

What do people see as the main issues.Seems to have cash, but large amount of debt. The Altman score.on stockopedia has this at distress levels.

[borderterrier1] 18/10/2018 13:53

Please read the post on the LSE BB from investor Sands 1971. As I have said for sometime, we need answers now about this. The silence from Dan Betts and the Bod is more than deafening.

[bookwormrobert] 18/10/2018 13:11

Hi Footloose!
You must be a much better person than me - so much more forgiving!
After such a catastrophic and easily avoidable error in judgement I expect heads to roll. And I think the institutional investors will demand that as well.

[footloose2] 18/10/2018 12:31

I have to say what sort of due diligence was done on BH?
It seems that it was known that BH was a scam.
I am just a normal PI and i check the best as i can if the company i am thinking of investing in is what it says it is.
How come the management here, who were investing not there own but shareholders money not there own, called it so wrong. After all it was 2m pounds not 10,000 pounds. They say they did due diligence? well a bit of reading up on the internet for a few hours seems to have been all it would have taken to find out not to risk a penny of shareholders money there.

Not only have they lossed that 2m pounds,they have done more damage to there reputation and by doing that have put pressure on the share price so costing Shareholders even more. I only hope they have learnt there lesson. They had not put a foot wrong before that. So lets move on and give them a chance to correct that wrong.
I am sure they can.

[goodgrief] 18/10/2018 11:20

UKG The investment universe really is just a cess pit!