Hummingbird Resources Share Discussion Threads

[bo doodak] 20/10/2018 19:13

Footloosee,

You've misinterpreted my comments on Q3 production. I deliberately left open the possibility of a positive surprise re market expectations.

Would suggest that should their output not at least approximately match up with market expectations, then it won't matter what the blurb is in the RNS re the future, the share price will fall

Couldn't have put this better! - ''expect the worse then you are never disappointed, expect the best and you are heading for disappointment''

[borderterrier1] 20/10/2018 18:19

FL Hope fully not below expectations because of the rainy season. After all the "good news" this share price can't stand any bad news.

[footloose2] 20/10/2018 17:35

BT

so you can't find any problems. thats put that to bed then.

Would you like to give your opinion on what you expect Q3 update to be then.

[darola] 20/10/2018 17:35

The significance of BH is the apparent lack of good judgement, not the cash - assuming we lose it - although HUM have a pretty robust governance structure, so maybe they were just unlucky to get pulled in to a deal that would have presented well to anybody. Volumes have no baseline to be judged from other than the targets HUM set themselves, and as I said earlier they are very likely to only hit the low end of guidance, which some will judge as a poor performance - 132k figure was pretty much their strapline throughout the build and this is also unlikely.

So I for one just want to get the news for Q3 out the way, I’ll also be adding on any dips and can only see upside from that point forwards. It is what it is... the market jumps on anything negative unfortunately.

[laurence llewelyn binliner] 20/10/2018 16:23

#Footloose2, BH won’t be accounted for in the Q3 financials to end of September, but it’s likely there will be some mention of it in any progress update side note...

I agree, the team have done a fantastic job getting Yanfolila up and running, and if there is any weakness in the share price I will be adding...

$2M isn’t the end, but it is without doubt significant and will make a dent in FY/Q4 profits when accounted for..

There is no escape from the fact that the companies due diligence was not robust enough ...

[borderterrier1] 20/10/2018 16:03

footloose2 There are no problems. Everything is going according to plan. Its just a pity the share price doesn't see it that way.

[footloose2] 20/10/2018 15:27

BT

Problems? you keep banging that drum, tell us what they are or stop posting lies.
Trying to deflect peoples questions with a sarcastic reply does not wash.
Just post one, and not BH as you have been banging you problems drum for months before BH.

[footloose2] 20/10/2018 15:09

Laurence

What further reaction news from BH?
Seems people are looking for any negative news to try and bring negativity here.
People should be praising what the management have achieved here over the last 18 months.But no, people just looking for any reason to stab them in the back.
I agree BH looks to have been a mistake, but the hysteria from some from the very first day the news broke was amazing.

[borderterrier1] 20/10/2018 14:44

footloose2 There are no problems. Everything is running smoothly. Good Luck.

[laurence llewelyn binliner] 20/10/2018 08:27

Q3 financials could present a buying opportunity .., but what really matters is FY production ounces, add in any further reaction to news from the BH loan going south and it’s a really good top up time during the share price weakness...!

[footloose2] 20/10/2018 08:23

Bo doodak

I can see he has an agenda,But i think as long as its left to one person to question his claims thats fine. He does want an audience that is clear.

As for Q3 comments that they will be poor,well again we have no historical data to go by, so who is to say what they produce is good or bad. One thing we do know for a fact is Q3 is the rainy season month and will most likely be the worst quarter of the year.
As the management seem to be very quiet regarding news from the mine to investor/future investors and the general market you are going to get speculation.
And speculation is never good, positive or negative. The only way you can stop it is by regular updates, and it looks like that is not going to happen here.

But come next week and Q3 will show lower production than Q2, no doubt the doom mongers will be all over it. Spinning the facts and calling for peoples heads.
I always say expect the worse then you are never disappointed,expect the best and you are heading for disappointment.

[footloose2] 20/10/2018 07:48

BT

I agree you do get investors that are influenced by all the BB's.
You keep harping on about this FSJ fellow, but are you not as bad as him with your negative posting?

You say he was invited to the mine and flatly refuses to believe absolutely anything negative, even though most agree now there are problems. Well can you and these others point out these problems. Because i can't see them, they have only been up and running 10 months and 3 of them were when they were running the plant in.

You say, Up to now his predictions have been spectacularly wrong. I don't know what he was predicting,but you must be talking about the share price? As they have done exactly what they said they would do. I think they could be a bit more vocal and do more on the PR front.

you say, investors here are confused and frustrated?. Well you seem to be, most that have been in here from a year ago are probably as well, When you look at the share price and what has been achieved i don't blame them. But the management can't do a thing about Gold prices or the negativity in the mining sector. In this time the gold price has fallen from $1350 to as low as $1160 That is $200 an ounce less. I would say there is your reason for the fall, nothing to do with bad management.

Your last sentence asks how long do you need here?
Well i have not been in here very long.
But you should be asking yourself that question surly, You are very negative, say the share price is going as low as 16p and still hold?

I am not telling you to sell up and move on, your own comments and thought are.

[borderterrier1] 19/10/2018 17:52

footloose That's exactly what I do. But, please don't expect me to believe that other investors have not been influenced in some way by FSJ. He was invited to the mine and flatly refuses to believe absolutely anything negative, even though most agree now there are problems. Up to now his predictions have been spectacularly wrong. Is it any wonder investors here are confused and frustrated? And just how would you go about proving the management are lying?

BO Just how much "time" do you need here? Look at the bid price today. ???

[footloose2] 19/10/2018 17:20

BT

I am not influenced by others opinion.
I make my decision to buy and i will make my own decision when to sell.
That way i can only blame myself if things go wrong.
If the management lie or make a bad decision i will voice my opinion,i will sell if i don't like what i see. In profit or loss.

[bo doodak] 19/10/2018 16:32

Footloose,
Save your energy and stop posting on the other thread. BT has his own ideas which he is entitled to, and time will either show him to be incorrect, or correct.

[borderterrier1] 19/10/2018 16:30

footloose. Please take a look at the comments from the rest on here. Not exactly "happy campers" are they? I wonder why?

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

It was reassuring to see the safe haven response. But it wasn't a huge DOW drop, so should we get one I feel gold stocks will probably sell off with everything else initially, then we get the safe haven response again but much greater. It would be nice if HUM happened to be releasing positive news coincidentally at that juncture. If its the expected reduced Q3 numbers though, the fall will just be accentuated temporarily.

[ukgeorge] 19/10/2018 16:01

NB Do I "think not knowing of a management share option plan is the same as not knowing about the rainy season affecting production?" Yes I do.


It is also more about what is the consensus/expected Q3 production? I am guessing that production will be around 25koz and costs on an AISC basis of $1,050.

If on Monday or whenever they are released they are 10koz and cost $3,000, they would be deemed poor. Or conversely if they are 28koz and costs $880/oz I would personally think they are better than is currently expected.

[footloose2] 19/10/2018 15:59

BT

Why do you keep going on about FSJ. If his enthusiasm got you hooked here that is your problem not his. Take the responsibility for your losses yourself and stop looking to blame other people. I believe this will come good, but that is my opinion. I post my opinion on here as thats what these BB's are for.
You are very negative,i can't see why you have this opinion,apart from the share price being so low. Yes the management have made a mistakes with Bunker hill, but apart from that they have done everything they said they would do and on time.
As for people bringing up the debt they have, you can't build a plant with no money.
Most companies have debt, some have eye watering debt.

[superstockman] 19/10/2018 15:43

Hippo 2018 I thought was structured until 2020, details are in the q1 operational update at the bottom

[new_buyer] 19/10/2018 15:38

UKGeorge you think not knowing of a management share option plan is the same as not knowing about the rainy season affecting production?

[superstockman] 19/10/2018 15:36

Talk of hippo2018 on here today, below is from operational update q1....As the core team is developed further awards may be made under HIPPO2018 subject to a maximum dilution limit from HIPPO2018 of 5% of issued share capital.The options under HIPPO2018 have been granted over ordinary shares in the Company of GBP0.01 each ("Shares") and have an exercise price of GBP0.01 per Share. Subject to the performance criteria being met the respective tranche, under normal circumstances, the options shall vest 50% by 31 March 2019, 25% by 31 December 2019 and 25% by 31 December 2020 subject to continuous employment with the Company:(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.(c) Performance Tranche: 1/3 of the options will vest based on the individual performance of the Participant and the Company's safety performance, which is at the Board's discretion.Once vested, any options may be exercised during a set exercise period determined by the Board and notified to the option holders. This will be a minimum of two weeks period per calendar year when the Company is in an "open period" under MAR (either two consecutive weeks or two separate period of one week each). Unvested options will normally lapse on cessation of employment for any reason. The option holders will retain vested options following cessation of employment and will have two years from the date of cessation of employment to exercise, after which the option shall

[bookwormrobert] 19/10/2018 15:34

Yes, Q3 production from Yanfolila may disappoint. The rainy season in West Africa this year was quite severe - the worst in the last decade apparently. Other miners (e.g. Iamgold & Endeavour) have already commented on this. And lower gold ounces produced inevitably means a higher AISC.
Oddly, this doesn't really bother me. It's a temporary effect, and it will soon be forgotten.
As regards Hummingbird, I'm far more concerned about investment risks at corporate level than operational issues at mine level. I think there is a great deal of complacency around here, and that's dangerous.

[footloose2] 19/10/2018 15:26

George there are many that close down,i can't be assed to post them. i don't really care if people believe what i say or not, but do your own research, the answers are out there.

But it is a fact that q3 here will always be the worst Quarter of 4.