Hummingbird Resources Share Discussion Threads

[new_buyer] 21/10/2018 16:54

Not you but despite being asked by many what the problems you speak about are you always deflect and never answer. Oh and as footloose said you do realise that shares can go down as well as up?

[borderterrier1] 21/10/2018 16:35

New_buyer Please read what other investors are saying about this. Then take a look at the chart for the last 12 months. Hardly impressive is it? Who would you blame that on? Me?

[new_buyer] 21/10/2018 16:12

You are wasting your time like many others have told you. Whether BT is a disgruntled ex employee or a paid deramper we may never know.

[bookwormrobert] 21/10/2018 16:09

Darola,
You are seriously not puzzled by the very high number for trade payables in the interims?!? The story we are being told and the numbers in the accounts don't add up.
And don't you realise that the Dugbe licences expire soon, and there is no movement towards the MDA?
And as for Bunker Hill - why?!? It's such a Hail Mary desperation play. To go completely off piste like that and then see all the money lost inside 6 months? Why?!?
All my business intuition (and I've run a PLC equivalent) says there is something seriously wrong with HUM. That's why I've sold 80% of my shares. Currently, I'm wondering if I shouldn't sell the rest.
And yes, I have e-mailed HUM with some of my questions. No constructive reply, just an auto answer. Also a red flag.

[borderterrier1] 21/10/2018 16:03

Footloose 2 I have not invested more than I can afford to lose, far from it. But a blind man can see now that this co. has problems, that's why I directed you to the LSE BB so you could read the posts from other disgruntled, frustrated, disappointed investors that have been her for a long time like I have. It is a disturbing trend but it continues, even though you (and Fsj, Darola, new_buyer etc.) would have me/others believe that the company has "done everything right." IMO, they haven't..... and that opinion is shares by others.

[footloose2] 21/10/2018 15:47

Bookworm

LOL. you call that a list of red flags ?
A list of utter nonsense that is not even worth reading never mind replying to.

Must try better C-

[footloose2] 21/10/2018 15:41

I am also staggered at the valuation of some AIM companies.
Its just the way things are. But this time next year i doubt these will be anywhere near this price. IMO.

[darola] 21/10/2018 15:37

Bookworm - have you called or emailed HUM your concerns? Your comments and accusations are assumptions from your side, and seem pretty unresearched - I include directly questioning the company as research.

On your list the only thing that needs more understanding is BH. And you can hardly blame HUM for the macro sentiment around gold and precious metal stocks. The whole industry has been beaten this year.

[footloose2] 21/10/2018 15:23

BT

You said that you are not influenced by other posters. But you keep trying to refer me to other posters? What are you a child.? So all your opinions are from other posters?. You see you have been bleating for months that your losses are due to listening to some poster over on LSE. Now you are listening to other faceless posters there and want me to go over there and take notice of them. Not happening bud,why would i want to listen to more ramblings from people that have invested more than they could afford to lose, so are blaming management for the share price falling, when they have done all they have set out to do.

Do you not realize that shares can go down for no real apparent reason. Look at Glencore the other year dropped to 50p for no reason at all.

[borderterrier1] 21/10/2018 14:57

Footloose 2 You're not listening. Please read some of the opinions of the other investors on the LSE BB. BH? Share buy back? Dividends? OTHER investors opinions. Not just mine. Imagination?

[bookwormrobert] 21/10/2018 14:39

I'm amazed that nobody on here seems to be more worried about the number of "red flags" fluttering over this share.
1. We have had no explanation of the very high figure for the trade payables in the interims. Is it true that Yanfolila was completed on time and on budget, as Hummingbird have repeatedly claimed? Or did it come in substantially over budget, as this figure would imply?
2. Easy dismissal of the Bunker Hill fiasco. Yes, a $2m loss is only a limited amount of money. But what does it say about the lack of judgement of the board to fall for such an obvious pump and dump scam to known fraudsters? And, indeed, what on earth were the board thinking about in the first place - why were they even looking at a lead/zinc mine in Idaho when they are a West African gold mining company? It's beyond bizarre. I'd say almost deranged.
3. Other than those "small" issues:
a. There is absolutely no progress from Liberia on the MDA for Dugbe, and the deadline for licence expiry is approaching. Will Dugbe ($60m invested to date) turn out to be a 100% dead loss? It seems quite likely.
b. The BOD own very few shares and show no inclination to buy any more, regardless of the current dismal share price.
c. The current 1p options scheme is simply a scandalous rip-off of ordinary shareholders.
d. The PR strategy of the company is inexplicable - I think to all of us.
e. The current management team (let it never be forgotten) have a very long history of destroying shareholder value. How much money has been lost on this share before?
In short, we all seem to have accepted unquestioningly that Hummingbird is somehow "different" from and "better" than other AIM miners. But is it really? Or is just as bad as most of them?

[footloose2] 21/10/2018 10:36

casual47

Your post say it all.
It is a shame that Q3 is always going to be the lowest month for production.
We could have see a lot better how things were progressing if Q3 was a normal follow up quarter to compare it to Q2.

[footloose2] 21/10/2018 10:30

BO

i just checked what they were forecasting for this year, and it is for this whole year . I thought i read that it would be from full production april, but its not. They also as you pointed out have maintained the expected guideline of between 105,000, to 115,000. I see some are already saying it will not be good enough to hit the lower target.
So what we know today is they are on target to hit this target, 51,303 ounces. IF they do exactly the same in Q3-4 they will hit the lower end of that target. So we need to be looking this quarter to hit 20,000 ounces. anything above that is a bonus, and that is how all investors should be looking at it. After all this will be the first year of production that will include Q1 and the ramp up period.

Just bear in mind that if Q3 comes in less, that the management or workers can't control the weather.

[new_buyer] 21/10/2018 10:27

They're all in on it!!

[new_buyer] 21/10/2018 10:26

footloose you are experiencing what we've all had to put up for over a year now, no sense, no facts, nothing you can debate just conspiracy theories that the BOD and the Betts family are allowing this share price to be suppressed!!

[wskill] 21/10/2018 10:08

With the Donald now pulling out of the nuclear treaty I believe border terrier comments will prove to be just hot air with the impending gold price rise.

[footloose2] 21/10/2018 08:40

So you just come on here to repeat the same thing over and over again without anything to back it up.

I am giving you the chance to post all the problems you seem to have on here again.
Don't miss this chance to post negative or are you just making these so called problems up?

So you will also not post your opinion as to what the Q3 update will show regarding gold production, Not surprised, you don't want to say a figure then find they have beaten it and have to admit they have done well.

I am hoping its around Q1 numbers of 20,000 ounces. That will be good for the worst quarter of the year, with it being the rainy season, and the fact that they have seen the most rain fall there for years.

[borderterrier1] 20/10/2018 23:37

Footloose 2. I have listed my concerns on here on multiple occasions, some of it probably before you were invested. A year ago my concerns were the ones that many are now agreeing with on the LSE bb. Plese read what Colonel Drake has to say.

[footloose2] 20/10/2018 21:05

BT

So you can't tell us about the problems you keep banging on about, and you can't give us a target you expect for Q3 results.
You are full of useless info.
But keep banging that negative drum.

[borderterrier1] 20/10/2018 20:52

footloose As I have said before, Lurker 5 makes perfect sense. After all this time, Fsj, Darola and others don't. The "be patient, this will re rate" theory has more holes in it than a Swiss cheese.

[lurker5] 20/10/2018 19:53

footloos2e What counts in investment isn't a company telling you it has achieved what it set out to do. Its what its going to do next - and how - that counts. Its a variant on the 'buy in anticipation - sell on news' dictum. Except that for HUM there seems nothing in particular to anticipate. That was fsj's error.

[bo doodak] 20/10/2018 19:48

Market expectations = maintain expected guidance

[casual47] 20/10/2018 19:18

All they need to do in terms of q3 results is demonstrate that they still can maintain expected guidance for 2018. That's all. Other than that there is no bad or excellent and no expectations as there is nothing to compare it with. The only thing to use as benchmark is the target the BOD set for this year. As long as it looks that can reasonably be achieved then they have delivered, so far.