Hummingbird Resources Share Discussion Threads

[borderterrier1] 04/6/2019 15:24

Hum "built a goldmine on time and on budget." Great achievement.

[ukgeorge] 04/6/2019 15:14

At least gold is doing okay :) https://www.kitco.com/commentaries/2019-06-04/Dollar-Breaking-Down-Signals-Start-Of-Gold-Breakout-Drive-Above-1400.html Frank grow up.

[fsjamescampbell] 04/6/2019 15:09

bye tiger don't let the door hit you on the way out.....oh and please take your pets with you ukterrior and bordergeorge.............good riddance :)

[bookwormrobert] 04/6/2019 15:03

Redtrend!
Read the RNSs and you'll see that you are wrong. And yes, Gascoyne was pumped hard on the LSE board of HUM a while back.
Anyway, can't you hear what the HUM share price is screaming at you?
For the rest, I can't be bothered with you. You really have no idea what I am and am not invested in.
p.s. There is at least one clear instance of libel in your post - trust me, I've been trained in such things. So you would do well to be more careful.

[redtrend] 04/6/2019 14:48

TBTT/ Bookworm - your inconsistent, hypocritical and factually incorrect posts are becoming incredibly tiresome on both here and LSE.

I know Accounts isn't your strong suit, but perhaps give it a quick read and understand they have an undrawn $9.6M debt facility with Coris. As I already clearly stated it is completely SEPARATE from the $9.6m fully drawn facility for the ball mill. You are either completely ignorant of the facts, or intentionally defaming the company and their financial position. Which is it?

Whether it's Flybe (went bust soon after you invested), VAST (sp collapsed soon after you invested, which you now happen to post negatively on too, just like HUM) or Acacia (tearing into the management and their safety record, only to be invested now and sticking up for them and therefore by proxy their terrible record in the country, against the big bad Barrick & Tanz Government) you really are lacking in integrity.

I have never once seen any substantive chat of Gascoyne Resources on HUM board - what a ridiculous strawman. I have however seen you try to pump JLP, a jam tomorrow company that has gone from £1.20 to 2.8p through dilution after dilution - although management have done incredibly well the past 10yrs. If you want a case of bad management and treating PIs like mushrooms, look no further. With no DFS for their major project Kabwe in Zambia (unheard of), one of the most corrupt countries that is grabbing every asset they can (Vedanta taking Zambia to the Hague only this week), with Vanadium collapsing by 30% in last month, zinc down 15%, lead 5% down, you really need to keep an eye on the shares you're actually invested in. I haven't even started on JLP knowingly providing monies to BMR with the sole intention of paying off "Blue Square" for "consultancy services" to retain the Kabwe license. If that isn't a clear red flag to be investigated under the UK Bribery Act, I don't know what is. Ignorance is no defence under the Act and JLP were certainly not ignorant to Blue Square nor the benefit to them.

Those in glass houses...

[borderterrier1] 04/6/2019 14:46

Fsj the paid Hum mouthpiece and his wife New_buyer.

[bookwormrobert] 04/6/2019 12:17

Hi UKGeorge!
I also assume that NewBuyer is a PR company account.
Judging by the unremittingly negative share price action, I begin to think that HUM is in more trouble than we realise.
For the first time I'm thinking that HUM may be going bust. It's almost too late for an emergency equity raise; raising $10m new money at (say) 10p would be horrendously dilutive on existing shareholders and would be met with a lot of institutional resistance.
(By the way, ASX listed Gascoyne Resources, which the rampers on here and LSE used as a comparable a year or so ago, just DID go bust yesterday. So it can happen.)
Finally, RedTrend, your post is factually wrong. The emergency Coris overdraft has long since been drawn down. Read the RNSs of the time for confirmation.

[ukgeorge] 04/6/2019 11:36

NB you only post on HUM which suggests that you are not an investor to me.

I used to own a fair number of these but have sold out thankfully so am just watching with interest.

My comment that this company deserves to go bust was in reference to the day light robbery which are 1p options.

The way the share price is going certainly does imply that a placing is on its way.

Fingers crossed for holders that the company has turned it around this quarter. If things start to look better I might buy back in. But, next news is q2 results so likely late July and then LOM update.

I don't know how you are positive given the constant decline. Also it is laughable when people come out with lines like ii's have been mopping up cheap shares. Those same ii will be talking to management suggesting a rights issue because they will be the ones that get to buy in at a discount not the long suffering pi's like yourself.

[fsjamescampbell] 04/6/2019 08:20

I agree zhockey..........Q3 is arguably the most crucial Q this year, any success or continuity would offer some stability and sentiment back to investors. If they struggle with production it could be 2020 before they see any recovery!

[new_buyer] 04/6/2019 08:18

bordeerterrier "I am 100% accurate with my predictions here" and I am delusional? You need to stick to writing about toast and jam, you are so 100% right here that your "supposed" investment has dropped significantly and you have behaved like a spurned teenager since, but we need to trust you as an expert?

UKGeorge great insight yourself especially as you feel HUM deserves to go bust, why are you posting here?

[zhockey] 04/6/2019 08:06

Thanks, will be interesting to see how they make it though.

[fsjamescampbell] 04/6/2019 07:39

zhockey - Wet season is towards end of June, its not too bad during July and early August, they seem to get it a bit heavier end of August and through September, it starts to ease up October (ish).

[zhockey] 04/6/2019 07:24

When is the wet season? I guess that's the test they have to pass, can they operate in the wet season effectively and without incident.

[fsjamescampbell] 03/6/2019 15:38

ukterrier or is it bordergeorge now........one and the same!

[ilostthelot] 03/6/2019 14:09

I might take a punt here at sub 10p..

[redtrend] 03/6/2019 14:03

Plas - I wouldn't worry too much about a raise at present.

On top of the cash position + gold in inventory, HUM have an undrawn $9.6M overdraft facility, to be used if required for working capital. This is in addition to and completely separate from the $9.6M facility used and drawn for the 2nd ball mill.

Both are loans with Coris.

[fsjamescampbell] 03/6/2019 13:08

Gold extremely strong..........bodes well for both HUM and CORA at the moment, hopefully it can remain above $1300 through the summer.....we shall see!!

[ukgeorge] 03/6/2019 11:46

Opposed to your wonderful insight..........

[plasybryn] 02/6/2019 07:45

If there is indeed a "raise", then soon after that might be a very good time to buy back in or add. I suspect over the next month or so, everything will become much clearer.