Hummingbird Resources Share Discussion Threads

[fsjamescampbell] 16/5/2019 08:09

Let's deal in Fact Boredc*nt.....

mid Dec 2017 first gold pour (on time and on budget)

Q1 2018 - Successful ramp up phase.

Q2 2019 - smashed 33koz and sold 38.7koz generating $50m in revenue with 38.7koz at AISC $790/oz

Q3 2019 - BH debacle (sentiment affected)worst rainy season for over 10 years production down to 22.2koz and AISC up to $1006/oz

Q4 2019 - Impact from pit wall and bridge reduced ore mined and thus increased AISC and lowered production hurting cash and prompting a loan facility of $9.5m to be drawn down. 18koz produced at $1677/oz.

Q1 - 24koz poured at AISC of $1300 (close to break even on POG) Pit wall remediation overspilled into Q1 impacting AISC and lower production by approx 7koz due to artisanal mining going deeper than anticipated from DFS ultimately impacting on Q1 production. $13m cash in bank and debt reduced from $61m to $56m

These are the facts!

Reading through that and hoping that Q2 is similar or close to last year and the new ball mill being close to commissioning, hopefully AISC gets close to $950 - $1000/ oz then you can see some recovery coming back.

We then have Q3 rainy season to contend with and anything around the 24 - 27koz area with AISC around $900 should keep the ship steady.

All the rest is a matter of patience and fingers crossed that the mine and processing plant can run smoothly.

To add to the above we should be expecting an increase of maybe 3 - 5 years on LOM announced end of may / early June.

At 15p this is looking attractive, sentiment needs to be smoothed over but for new investors this could look, on paper, a pretty good investment at 15p lets face it Sustainable Capital Africa have nearly 40m shares, they think it is value at this level! The Capital Group (seller) has only sold its 12% because they are exiting all AIM small cap stocks due to a change in top brass and new investing strategy.

My thoughts are that if they can emulate Q2 2019 on a regular basis the company looks very strong indeed!

And that is that!

[borderterrier1] 16/5/2019 07:35

Fsj. Dear O dear! You are such a charming fellow! It's not hard to understand why Del Boy and the Bod hired you! You are definitely a good fit for the job of promoting this "To the best of your ability" which obviously isn't much, kind of like the rest of the "experienced" team here. Birds of a feather?

[fsjamescampbell] 15/5/2019 21:27

Facts you werthers sucking xunt!

Read the post again you demented parrot!

[borderterrier1] 15/5/2019 19:43

Fsj. I guess you didn't read my post? Here it is again:- "Fsj will be along shortly with more delusional projections, calculations and prophecies." Looks like I was right again? And surely, none of your calculations etc. means anything if the share price is going DOWN? And of course Sustainable Capital Africa think it is value at this level because it can't go any lower. But please consider the poor unfortunates that invested here at 35p and more. You included. But then you were "lucky" enough to know when to sell.

[fsjamescampbell] 15/5/2019 17:41

Let's deal in Fact Boredc*nt.....

mid Dec 2017 first gold pour (on time and on budget)

Q1 2018 - Successful ramp up phase.

Q2 2019 - smashed 33koz and sold 38.7koz generating $50m in revenue with 38.7koz at AISC $790/oz

Q3 2019 - BH debacle (sentiment affected)worst rainy season for over 10 years production down to 22.2koz and AISC up to $1006/oz

Q4 2019 - Impact from pit wall and bridge reduced ore mined and thus increased AISC and lowered production hurting cash and prompting a loan facility of $9.5m to be drawn down. 18koz produced at $1677/oz.

Q1 - 24koz poured at AISC of $1300 (close to break even on POG) Pit wall remediation overspilled into Q1 impacting AISC and lower production by approx 7koz due to artisanal mining going deeper than anticipated from DFS ultimately impacting on Q1 production. $13m cash in bank and debt reduced from $61m to $56m

These are the facts!

Reading through that and hoping that Q2 is similar or close to last year and the new ball mill being close to commissioning, hopefully AISC gets close to $950 - $1000/ oz then you can see some recovery coming back.

We then have Q3 rainy season to contend with and anything around the 24 - 27koz area with AISC around $900 should keep the ship steady.

All the rest is a matter of patience and fingers crossed that the mine and processing plant can run smoothly.

To add to the above we should be expecting an increase of maybe 3 - 5 years on LOM announced end of may / early June.

At 15p this is looking attractive, sentiment needs to be smoothed over but for new investors this could look, on paper, a pretty good investment at 15p lets face it Sustainable Capital Africa have nearly 40m shares, they think it is value at this level! The Capital Group (seller) has only sold its 12% because they are exiting all AIM small cap stocks due to a change in top brass and new investing strategy.

My thoughts are that if they can emulate Q2 2019 on a regular basis the company looks very strong indeed!

And that is that!

[borderterrier1] 15/5/2019 15:52

UKGeorge. Exactly. But Fsj the village idiot will be along shortly with more delusional projections, calculations and prophecies.

Perhaps the new Web. site should read:- Produced a goldmine on time and on budget and the first gold pour was 2017 but everything has deteriorated since then because the "experienced" mining team screwed up with rash decisions and pathetic management skills? Yanfofailure! Yanfofailure!

[ukgeorge] 15/5/2019 15:37

Value has been outing for near 2 yrs now......

[plasybryn] 15/5/2019 15:13

Give it time. Value will out.

[sandoval] 15/5/2019 14:55

Can now see where the 20 million dump came from. RNS.

[fsjamescampbell] 15/5/2019 14:47

did someone fart again..............

[borderterrier1] 15/5/2019 14:32

Fsj. But I thought this team were already "experienced"? Oh, silly me, that's what I read on the Hum web. site so it must be true. Wouldn't an "experienced" team be prepared for an ANNUAL event like RAINY SEASON? And perhaps stockpile to allow for that? Not loss making? Keep hiding behind "Built a gold mine on time and on budget" but conveniently miss out the part where this goes S every day since that. Todays share price suggests that it was worth more as a hole in the ground.........with a liar at the top, of course.

[fsjamescampbell] 15/5/2019 14:08

UKG - No chance mate, the mine is not loss making, it has had a bad Q4 and Q1 due to pit wall and bridge, additional earth works which doubled the cost effectively as no ore being mined while remediation being undertaken. It was near on break even through that tough spell and they managed to repay some debt, albeit offset by an additional fund facility. Capital raise will only happen if they have another issue, i am pretty sure that they will have lower production during rainy season of course but that will have been factored in to the guidance for 2019, i guarantee they will have madeand are making provision for this years rainy season now they have experienced last years.

[ukgeorge] 15/5/2019 09:20

Because the mine is loss making and there might be a capital raise unless they can turn it around this quarter.

[bmnsa] 15/5/2019 08:54

How come!Dropping off a cliffWhile POG is at it's highestIt smells somewhat

[ukgeorge] 14/5/2019 11:19

Yes there was 20M traded yesterday. possibly marks the bottom....

[casual47] 14/5/2019 10:24

Holding RNS: That's a sizeable increase in position right there.

[andrewsr] 14/5/2019 10:06

How on earth have Maharishi managed to acquire nearly an extra 6% whilst the share price has fallen? It seems as though the mm's just need to drop the price for people to give up their shares rather than raise the price. It's a mad world - people selling at 15p or thereabouts and a reserves upgrade to come.

[avsome1968] 13/5/2019 21:30

capital just took up all there warrants from 2016 in HUR LOL 23 million in total, maybe sold out here to top up in HUR realising nothing going to change here till new management in place, one more F-ck up think they will be ousted out. least gold up again could break $1300 as I write.

[borderterrier1] 13/5/2019 20:15

Fsj. You are a complete idiot. As I have repeatedly told you, I HAVE LOST NOTHING, ABSOLUTELY NOTHING. I don't lose until I SELL. What don't you get Frank? Can I make it any clearer for you? I will spell it out I LOSE NOTHING UNTIL I S-E-L-L. Get it now? I may be the cancer of this board but I have been RIGHT ALL ALONG with this, so who's the idiot? Shouldn't be too hard for you to figure out.

AS the Hum spokesman/mouthpiece you have been coming on here pumping this up with your informative projections, calculations for three years and the share price has rewarded us ALL by going DOWN. This "management" has screwed up, nobody else. With a change on management, this could still come good. But somebody at the top level is making rash, irrational decisions. The WRONG decisions. You know it, I know it, EVERYBODY knows it. Wake up and more importantly, grow up FFS.

[fsjamescampbell] 13/5/2019 19:52

BT - this is my last exchange with you. You are a cancer in this board and have been negative since your very first post....you are a complete and utter waste of oxygen. We have all lost cash on HUM which pains me to say.....but i take an enormous amount of joy from the fact that you have lost your shirt....literally makes me smile at the very thought. You horrible degenerate!