Hummingbird Resources Share Discussion Threads

[borderterrier1] 22/10/2018 20:06

New_Buyer I don't take bets from liars. They never pay up. Anyway, if you have been invested for that long, why didn't YOU sell? That would make you an even bigger idiot than you say I am. Liar.

[new_buyer] 22/10/2018 19:30

How about we go for one of your bets you so liked throwing around? On advfn you can send a private message so why not send over details of your attorney (they don't need to disclose who you are) and we can prove this. I think $10,000 was your favourite sum to offer wasn't it?

[borderterrier1] 22/10/2018 18:17

New -Buyer "I'm still in profit thanks." Really? Who's the liar now?

[new_buyer] 22/10/2018 17:02

Still in profit thanks!!

[borderterrier1] 22/10/2018 15:59

I bought half my holding at 16p. I'm down, but not as much as you guys because you bought in late. And I can afford it. Love to stay and chat but its a beautiful day in the Gulf of Mexico and I'm going fishing. Tootle pip chaps!

[new_buyer] 22/10/2018 15:31

He's never wrong!! Except staying invested here of course!!

[footloose2] 22/10/2018 15:27

Shame the prat didn't listen to himself lol.

[borderterrier1] 22/10/2018 15:16

Cantor Fitzgerald analysts report 11th January 2017, share price 24p :- "at least 43.8% upside"


Just one of the very, many "qualified" reports from "experts" about Hum that were spectacularly wrong. My projections on the other hand, were right. Sorry if that upsets you. Perhaps you should have listened?

[new_buyer] 22/10/2018 15:03

narcissist?n??s?s?st/Submitnouna person who has an excessive interest in or admiration of themselves."narcissists who think the world revolves around them"

[borderterrier1] 22/10/2018 12:58

Big sell off this morning I see? Must be my fault. Or maybe its because the pog is falling and there are poor results because of the rainy season? But no update from this stellar company so we will never know. Mushroom syndrome again?

[bo doodak] 22/10/2018 12:48

One of the main market concerns at present must be what is the likelihood and size of HUM's commitment to the future development costs of Dugbe. DB, having spent so much time and effort working in Liberia may well be emotionally attached to this project. Hopefully, and if this is the case, the recent board appointments will counsel him wisely and temper any over optimism.

[ukgeorge] 22/10/2018 10:45

The downtrend from July seems now to be broken. The 50 dma is 26.9p so might be a bit of resistance.

I'm waiting for the Q3 results and then may have a top up. You can buy at 26.5p at the moment. Fingers crossed that they have a great Q4.

[new_buyer] 22/10/2018 09:51

Footloose I've said before BT is world class at asking questions but Vauxhall's conference at answering them!!

[footloose2] 22/10/2018 08:27

I am of the opinion that Q3 update will be left as long as posible.
My reason for this thinking is that as Q3 is the worst quarter due it the rainy season. The production will be down on Q2, The nay says will jump all over it with there negativity, so the longer they leave it the better the post Q3 will show.
Its great when a company has to delay things just because of some people that have there own agenda.

[footloose2] 22/10/2018 08:18

bookworm

So you have come on here and said that the management are lying.
Are you sure, because that is a very serious accusation you are making.
But you think BHill is your main concern?
Followed by the management not buying more shares.
Then dugbe that has yet to be renewed that you don't like anyway.

[darola] 22/10/2018 08:18

NB. I’d suggest he hasn’t. He just likes to voice his assumptions all over public bulletin boards. To suggest that HUM are lying on the cost to build Yanfolila is ridiculous. Any sense of impropriety would have had the auditors all over it. The MDA is subject to African politics, the gvmt is equally keen to get it signed and are just flexing their muscles to get a better “social deal” - I.e more money for the community, which HUM have never shyed away from. HUM have also been honest and said it’s too big for them, and have been speaking to several parties about options. It’s not priced in anyway, so only has upside.

[footloose2] 22/10/2018 08:08

Bookworm

Anyway have you sold your remaining shares as you said you were?
You are very unhappy here we can all see that.

Management are always in a catch 22 when buying or selling shares.
As for them not buying at this lowly price. Well i think most people holding would like to buy more at this price, it could be for a number of reasons people aren't.
No money, fully loaded or just waiting to see if this does do what its says on the packet.

As for Dugbe, there is no rush to sign, still 2 months left. That is in managements hands, if they don't sign there will be a reason. This is what infuriates me, you post your dislike for that project but then would complain if they let it drop. What ever they do some people will complain they did wrong.

[new_buyer] 22/10/2018 07:56

When you asked HUM for clarification on your concerns what was there response?

[redtrend] 22/10/2018 07:28

I had a number of queries after the interims, one of which was the trade payables.

Bert was quick to reply and answered all my questions. I'm on the move and paraphrasing, but essentially it amounts to delayed invoices from both Capex and Opex Contractors. Going forward the normal trade payables will be in region of $15-20m.

You've been unhappy with this investment for a long time bookworm/TBTT, so I do think it's probably the best option for you to sell up. Out of all your items, it's only the management 1p options that I found particularly jarring. But many like myself and UKGeorge made our feelings known on that. If it happens again, then I too would be seriously considering my position here.

On BH the Department of Justice with their thousands of staff and lawyers also signed off on the EPA-Bunker Hill Agreement, which then led to HUM and another Chinese backed equity firm investing. It's ridiculous to suggest the naivety of HUM management alone.

As for Dugbe, HUM's hesitant approach shows anything but naivety. They know what a political, commercial, logistical and technical minefield it is... which just shows the hypocrisy when people lambast HUM for BH on one hand and then with the other have blind faith in Dugbe.

On shareholdings, management have a huge amount of skin in the game, I honestly don't know where this blanket criticism comes from, as it's simply not correct. The Betts have a substantial amount invested. It is only the CFO that does need to step up and put his hand in his pocket.

[footloose2] 22/10/2018 05:55

lonrho

I am no accountant, i don't understand most of what is written in account and will not
try and say i do.But i know they have been spending a lot of money constructing that new plant and it has to be paid for. Every company has bills that are not pain on time, they can sometimes wait 6 months before having to pay.
I am happy with what i know here. Maybe because i have only been in a few months and am not down by much. Only time will tell,Bookworm and the others may be right, we may be right, well one or the other is right thats for sure.

[footloose2] 22/10/2018 05:39

Bookworm

I am glad you are selling up, If you are not happy with how things are going it's the only logical thing for you or any other investor to do.
Never stick with an investment you are losing money with and don't like anymore.
But good luck to you.