Hummingbird Resources Share Discussion Threads

[borderterrier1] 03/5/2019 00:43

Wildcat1. Wrong. Just another disgruntled investor that was taken in by Fsj's sickening BS. Lots of us about these days. Theory being that after this length of time he's either mentally unstable or he's being rewarded handsomely for his continual ramp up efforts of Yanfofailure. And that isn't a misprint.

[wildcat1] 02/5/2019 22:53

PerryStalsis

[fsjamescampbell] 02/5/2019 21:31

Its a pleasure BT......glad to help :)

[borderterrier1] 02/5/2019 13:36

Fsj. Those were hypothetical questions. Please look that up. And judging by the sells today I was wrong with my prediction that this will be back to where it was 3 years ago. Looks as if it will go down to where it was 5 years ago at 12 p. Or even lower to an all time low of single figures? Fabulous company Fsj! Thank you for all the information you have provided us all with over the years. Well done! And look on the bright side. You can always top up again when it reaches 6p a share. It won't be long.

[fsjamescampbell] 02/5/2019 08:17

You brown pube!!!

Read your own question again..................."This is a worthwhile investment, great management and Ceo and then added "but in three years time the share price will be back down to where it started."

you are a moron!

[borderterrier1] 01/5/2019 23:33

Fsj. That's complete and utter B/S and you are a liar for suggesting that's what you would have done. The market runs on fear and greed. You would not have sold at 39p because, like most, at that time, you expected this to go higher. Most of us did. When it got to 39p lots of people were promoting this (mainly you) and most have now got their fingers burnt badly. Unless of course, you knew, somehow, that it was going South. Don't forget, not everybody is as "lucky" and "well informed" as you are.

[fsjamescampbell] 01/5/2019 23:14

It's a moot point......because knowing that 3 years ago i would buy in then sell at 39p then buy back at 16p again!

[borderterrier1] 01/5/2019 22:06

Fsj. If the ratio of buys to sell trades today are anything to go by, many share my opinion now. Here's an honest question for you and I would appreciate an honest answer. If someone had told you three years ago that:- "This is a worthwhile investment, great management and Ceo and then added "but in three years time the share price will be back down to where it started."

Would you:- 1. Think the guy was insane? 2. Still invest?

[fsjamescampbell] 01/5/2019 19:36

BT - another rambling moronic statement from the boards most prolific liar.......you literaly are that one defective sperm that got lucky and managed to hit the jackpot! You clueless uneducated bottom feeder.......

[andrewsr] 01/5/2019 18:40

The same goes for every mine, no company, except majors, would ever have all the cash needed for the capex. Hummingbird are in a better position than most, having an operating mine. As mentioned earlier they just need to get costs under control.

[casual47] 01/5/2019 18:31

"Dugbe has a NPV of $186m at $1300 gold, so worth developing at current prices."

What matters is the upfront capex needed to get there and how management will be able to raise this capex. NPV is completely meaningless if there is no feasible route to raise the capex. It will be tricky, probably take quite a bit of time and will require creative funding arrangements with hopefully limited dilution.

[laurence llewelyn binliner] 01/5/2019 17:28

A muted response to a positive Dugbe RNS, but the Yanfolila Ore grades are improving now, costs will come down as the remedial works tail off from the 2018-Q4/Q1 carry over AISC, milling volumes will start to increase in Q3, and will have a better understanding of the new lower costs in Q4 as volumes go up, it's a hold for me..!

[andrewsr] 01/5/2019 16:46

Dugbe has a NPV of $186m at $1300 gold, so worth developing at current prices.
Agreed, they need to sort out costs at Yanfolila.

[ukgeorge] 01/5/2019 15:59

Yes good news and if gold gets back to $1,500 it might be worth developing. For now it is not a game changer (unless it can be sold or JV) IMO.

Pretty much impossible to invest in HUM currently. It is too much of a gamble.

They either turn it around get production back to steady state and costs down or they will need to increase debt or do a capital raise. Management will only invest at 1p that clearly shows the confidence or lack of that they have in the company.

[new_buyer] 01/5/2019 15:48

BT no clue, you have absolutely no clue whatsoever. I’ll now leave this board to you as you are beyond help.

[chipperfrd] 01/5/2019 15:04

Good news on Dugbe at last.

Will take a few years and a large pre-production Capex to take it through development but a new project of this size is relatively rare in the gold space these days.

I look forward to reports on progress.

[ukgeorge] 01/5/2019 13:51

There is nothing to deramp.

[new_buyer] 01/5/2019 11:21

TBTT given up deramping on the LSE site so thought you’d do the same here?

[bookwormrobert] 01/5/2019 11:19

I've got to ask, 1SF, what paths, and to what destination?
Liberia is one of the world's most impoverished and corrupt countries.
Dugbe is a very high cost and difficult gold deposit - effectively worthless with the gold price as it is now (or anywhere near it).
The market has reacted with complete indifference to the announcement of the Dugbe MDA. I think quite rightly.
All that should matter for Hummingbird is operating Yanfolila effectively and generating some free cash flow - something that so far their greedy and incompetent management have completely failed to do. Surely, the real question here is can Hummingbird avoid having to raise new equity to strengthen the balance sheet ahead of the rain season?

[rickyhatton] 01/5/2019 10:15

Thanks 1SF.

[1smallfry] 01/5/2019 09:38

Liberia is about so much more than just gold , it opens up many paths