Hummingbird Resources Share Discussion Threads

[andrewsr] 27/10/2019 09:32

It doesn't matter, it's now just about maintaining current production, reserve upgrade, Cora's Tekeledougou and Dugbe development.
Your concerned shareholder act is wearing a bit thin, did you sell at 12p?

[borderterrier1] 26/10/2019 20:21

moneyfornothing 1 Isn't it something to do with eyes?

andrewsr What track were they on before?

[andrewsr] 26/10/2019 15:50

There are plenty of reasons for selling not related to company performance.
Maybe Capital and Denning are clearing out their holdings due to conflicts of interest, maybe others have decided gold has gone high enough and will soon drop....
Operationally, they're clearly back on track and the CEO's conservative approach is sensible for the time being. Although a reserve upgrade this quarter would help.

[moneyfornothing1] 26/10/2019 14:59

Borderterrier you talk about the 10 year share price chart. Do you know what dilution is?

[borderterrier1] 25/10/2019 23:07

new-buyer You sound like a broken record. "belittle its achievements and that of the management" ???? Regardless of what you believe, I am invested here. And I would like the share price to move N. Then please look at the 10 year chart and the share price since the achievement of "completing a mine on time and on budget" in December 2017. And if this is such a good thing after the recent Q3 update, why all the sells? Are they also fools? I'm afraid I don't believe in fairies like you and some others obviously do.

[moneyfornothing1] 25/10/2019 22:20

If true NB that’s really really sad but I’m beginning to think you might be onto something with that train of thought.

[dickbush] 25/10/2019 21:22

I give up, BT. You are the proverbial brick wall.

[borderterrier1] 25/10/2019 21:03

moneyfornothing1 Do you drink?

[moneyfornothing1] 25/10/2019 20:41

“Many of us were swayed by Fsj's fanatical ramping and who wouldn't be?” Any half decent half sensible investor wouldn’t that’s who. You are comparing Golden Bulls professional adviser to a PI who “won” a trip to site and then unsurprisingly wrote a glowing report!! You only really have yourself to blame and the sooner you accept that the better for everyone on this board.

[borderterrier1] 25/10/2019 19:02

moneyfornothing1 As a substantial shareholder here, I'm entitled to be bitter by the abysmal performance of this share price ......... and I'm not alone. You can read this for yourself on the LSE bb, I believe Golden Bull was advised to buy here at 39p? I guess his financial advisor was also an idiot? Of course not. Many of us were swayed by Fsj's fanatical ramping and who wouldn't be? He was invited to the mine, returned with glowing reports and visions of grandeur that never materialized. You can read it for yourself.

Mining companies are successful because they deliver. To date, this hasn't. But "new" investors like yourself are brimming with enthusiasm believing that eventually it will, as I once did. I sincerely hope that in a years time you are not disillusioned.

[moneyfornothing1] 25/10/2019 17:35

I doubt that very much or you wouldn’t be quite so bitter as you are!!

[borderterrier1] 25/10/2019 17:26

moneyfornothing1 I invested on all the info. that was available. It was "supposed" to be factual, as factual as any research would reveal to any investor who was researching this. As I have said before "a gold mine is a hole in the ground with a liar at the top". IMO very true.

[moneyfornothing1] 25/10/2019 15:20

A tip for you BT, don’t invest on hype, invest on facts instead. You are welcome.

[borderterrier1] 25/10/2019 15:02

moneyfornothing1 Of course its a good update. But unfortunately, there have been many similar ones over the last three years that have been futile. Re. research. IDMO research but if you look back at the broker targets from three years ago, and the almost fanatical input on here from Fsj and NB, what are we to believe with this? And I most certainly take full responsibility for investing here. It was based on the Hype that was available. But the share price responded to all of it in a negative way. Let's all hope now that DB and his crew have learned. But in the past I have invested in companies that are more interested in lining their own pockets at the expense of the share holders. Let's hope this isn't the case here.

[dickbush] 25/10/2019 14:41

At the risk of annoying people who depend on charts for their investment decisions, I'm not an aficionado. Having said that, my eyesight is still working.

The gold price is having good day, breaking through a prior high at circa $1516, although it's back below that as I write. HUM's chart looks positive, too.

Fingers crossed.

[dickbush] 25/10/2019 14:27

The company has been producing gold for 7 qtrs. After a fast start-the 2nd qtr 2018 gold poured over 33,000 ounces (still a record)-the operation got hit by the kitchen sink. It has recorded growth since the first qtr of this year but EBITDA was nothing to get excited about until the latest figures. There are very few happy investors in RENE and many, many more who have lost a lot of money. It is now a "Show me" situation. Nothing matters but the figures.

I would bet that if, as I suspect, we see surprisingly good figures reported in mid-January, this will be back up to your 39p-and beyond if the gold price is performing well. Then the rampers and hypers will be back on this site, if not before. Just make up your own mind about what its price should be and don't listen to anyone else.

If I may, a word of advice. The odds of anyone selling at the top (or buying at the bottom) are extraordinarily low. To regret not doing so is human but you have to get used to the idea that it ain't going to happen.

When there is a boom and everyone is scrambling for stocks, take yours and sell them. Put the proceeds in the bank. No doubt they will go still higher. Take no notice of this. Wait for the next recession. When it gets bad enough for the politicians to make speeches (about it), take all your money out of the bank and buy stocks. No doubt they will go still lower. Take no notice of this. Repeat this for the rest of your life and you will have the pleasure of dying rich.

Fred Schwed Jnr (Where are the customers' yachts?) -slightly edited

The key takeaway: you don't need to sell at the top or buy at the bottom to make an awful lot of money - as long as you do the opposite of the herd.

[moneyfornothing1] 25/10/2019 14:15

Borderterrier do you not think it’s a good update?

[dickbush] 25/10/2019 11:10

BT, Making a poor investment in Bunker Hill Mining does not constitute a "misuse of company funds". It constitutes a poor investment, rather similar to your investment in HUM to date.

In my experience, no one makes only profitable investments in financial assets. If you can't accept that you shouldn't invest at all. An 80% hit rate ranks as genius. Check out Jim Rogers, George Soros' partner in the Quantum Fund, an extraordinarily successful fund. IMO Rogers was the brains of the partnership. However, he is the first to admit that he knows how to lose money, too. He tells the story of when he hadn't been in the business very long he shorted several companies and lost everything as their prices kept rising. Two years later they were all bankrupt. On the short side the market can be wrong a lot longer than your resources.

I give you credit for one thing, though. You didn't panic out. You've stuck with it when many, no doubt, took a big loss. A bit more patience, a stable stockmarket, and a circa $1,500 gold price, and you'll be on the right side of this.

[moneyfornothing1] 25/10/2019 09:10

No surprise to see BT blaming others for his investment decisions, proper research rather than posts on a message board would be useful in future!!

[kennyp52] 25/10/2019 09:07

Cup of chamomile will reduce your anger BT1 🤙

Trust and sentiment often override the fundamentals . It might take them paying the debt off completely before share price reflects some decent progress made.

[borderterrier1] 25/10/2019 00:24

moneyfornothing1 "back up my posts with evidence?" Nothing I have posted on here hasn't been backed up by other shareholders. Sorry if I don't look at this through my rose tinted specs like you do but I say it as it is. I'm sure you bought in at sub 20 p and as a result you are blissfully happy. But I didn't and IMO, after three years this is a poor return. As a long time investor I wish this would move, but we both know that good news usually results in a drop in the share price So, now we all wait patiently for another faint glimmer of hope, as the long time investors here have done many, many times. Good luck, I have a feeling we will all need it.