Hummingbird Resources Share Discussion Threads

[borderterrier1] 16/4/2019 15:35

But only you and NB think that. Read the other posts Mushroom.

[fsjamescampbell] 16/4/2019 15:29

nah unfilter........he is the best entertainment around HUM at the moment!

[jeanesy] 16/4/2019 15:25

POG has fallen to 1275 today. Making even more of a loss per ounce sadly !

[borderterrier1] 16/4/2019 14:41

Good for you Fsj. Yes, I agree, sometimes it pays to be "in the know" doesn't it? Its just a pity that you didn't let the rest of the investors on here know you were bailing out? Oh that's right, when you bailed out you were still singing the praises of this by telling us you were "long and strong". Like I have often told you, so has Lurker5, this is an absolute DOG. No way this will survive now. It's going belly up before the end of the year. Great Christmas present for you GoldenBullwhip! Sorry you lost your retirement fund, but I did tell you.

[brasso3] 16/4/2019 14:35

1.45m trade at 16.8p from earlier today.

[fsjamescampbell] 16/4/2019 14:33

Its ok BT, you will be pleased to hear that i got really lucky again and managed to get out at 21.5p a few weeks back.......wow i was lucky again wasn't i!!!

I will wait for the bottom again and then buy back about 250k shares for much less.....wow, cant believe my luck BT....and they say that lightening doesn't strike twice!

[brasso3] 16/4/2019 14:04

This should have been one of the stars on AIM (my thoughts 18 months ago). The management did some good work in bringing the mine on line (on budget, on schedule etc). This is now in a precarious position with the cash pile running low and the debt is quite significant especially in a lower gold price environment.

Maybe you could argue all junior miners go through this phase on initial production. I would not dispute that but with gold breaking downwards from its recent trend I would not be buying HUM stock today. This is a classic case of wait for the bottom. Typically after bad news there are three consecutive negative trading sessions. Come back on Monday and see where this bottoms out would be my advice.

[new_buyer] 16/4/2019 13:57

lemmings indeed......

[lurker5] 16/4/2019 13:51

FC was told on here quite clearly at end Feb last year, with all the numbers, that regardless whether HUM did anything 'on time and budget' it was overvalued. And also exactly how and by how much our dear departed Doh!fort Securities had fudged the figures to show otherwise. Trouble is FC and his ilk can't understand the numbers that count. And they never will.

[andrewsr] 16/4/2019 13:43

So, clearly a temporary issue, probably already resolved, but it doesn't take much for all the lemmings to jump over the cliff.
There should be a resource upgrade this quarter and maybe a sign-off on Dugbe, so back to 30p+ in no time.
Be greedy when others are fearful.

[avsome1968] 16/4/2019 13:19

Some decent size trades going through, can see a large holding here selling up can't blame them either poor poor management this will go under 15p before next Q update for sure.

[ilostthelot] 16/4/2019 12:10

I'd much prefer to hear the bear case as well so thank you. I've only had a quick look through recent RNS s. There is only potential here. Until i see profit Q after Q I will not invest.

[borderterrier1] 16/4/2019 11:47

ilosthelot. This company is a good example of absolute arrogance, ignorance and spectacular incompetence. Congratulations to all the investors that got out when I should have done. Its a strange perception. I was repeatedly branded as a deramper on here by New Buyer for speaking the truth and now 99% of investors agree with me. And yet Fsj who visited the mine and continually pumped this up was hailed as a hero! Well, where are you now Mushroom? Still "long and strong" or have you bailed out again like you did last time on the bad news? How "lucky" you were!

[ilostthelot] 16/4/2019 11:37

Border terrier. Perhaps you're right. The 1p share options are quite generous.

I've never bought one share here. It's on my watch list and it remains on my watch list. Good luck to you.

[borderterrier1] 16/4/2019 11:18

ilostthelot. I guess you and others don't get it? This lot haven't a clue what they are doing. Unless the "experienced management" are replaced they will continue to lurch from crisis to crisis until this eventually goes belly up. But why would they care with the ridiculous salaries and share options? Pathetic.

[ilostthelot] 16/4/2019 11:09

If they manage to sort things out with better mine planning perhaps todays price will be close to the bottom.

Mine improvements aren't always a quick fix. I'd rather wait and buy in at a higher price knowing Aisc are lower and profit is being made.

Continue to watch for me.

[borderterrier1] 16/4/2019 11:07

Like I have been saying for sometime now. Bad management. But I suspect New Buyer and Mushroom Campbell will be along shortly to prop this up as they always do with their delusional projections, telling us all this is Honky Dory. What a pair of idiots they are. 10p by Christmas.

[brasso3] 16/4/2019 09:29

Goodgrief

I would agree that more than 50% of the time when small AIM companies turn up at Proactive they are on the hunt for funds.

[goodgrief] 16/4/2019 08:41

Wonder when they're next going to present at ProactiveInvestors? Or are they just going to hunker down and ride it out? Ironically, if they need to raise cash we're most likely to see them in London!

[brasso3] 16/4/2019 08:10

I would wait until the next quarterly results.

I would rather pay 25p and see production coming under control than pay 15p with the risk of eating up all their cash reserves and being stuck in a debt spiral.

[avsome1968] 16/4/2019 08:06

Susiebe

Personally I would hang on can see this dripping to 15p range next 2 months until next update which won't be that good either, wet season due also had major impact on HUM last year, if I buy back in be after Q3 results.

[rickyhatton] 16/4/2019 07:53

Susiebe - "it appears we have incurred 'unnecessary' mining dilution and ore loss"

Note the word chosen is "unnecessary" - that suggests it is resolvable by working with the mining contractor, and by a revised mining plan.