Hummingbird Resources Share Discussion Threads

[laurence llewelyn binliner] 10/12/2019 15:59

You need to develop some more patience and let the price come back your way, the company does not control the share price the market does, and that is driven by momentum/sentiment and news. The company and BOD get on with the business of building the company, the news flow is all positive, the financials are getting stronger, you can average down, bail out or simply wait longer..

What is you average price here..?

[borderterrier1] 10/12/2019 14:38

LLB Initially, I was upbeat but let's be realistic here. Please go back and read some of the posts from the last three years. "About to post a strong quarter" "turned a corner now" ???? Yeah, right. How many times have we heard similar? But the share price still goes S.......... as it is doing now. It is the result of a lack of competent Pr, complacency, inexperience and incompetence.

[laurence llewelyn binliner] 10/12/2019 14:26

#borderrerrier..., what is your average price here..? Being downbeat, negative, and looking for every reason to see a pessimistic trajectory for the company and share price will not do you any good chap, accept you got your timing wrong, it happens to everyone who goes in too hard too fast..., it's part of the journey..You can average down, bail out if you think you can do better else where, or start looking for positives to support your investment case..., from my viewpoint, the company has turned a corner now, is about to post a strong Q4 after a strong Q3 in a difficult year.., and fully scaled up for 2020 we should see blue skies..A large II has just added 1% too, they do plenty of DD and have concluded it's a good time to add...!

[borderterrier1] 10/12/2019 13:47

moneyfornothing1 When I invested here I relied (as many others did) on the glowing testimonials/podcasts from DB, brokers, news items from "those in the know" etc. I did as much research as possible. In the run up to the mine opening "on time and on budget" everyone seemed to be raving about this co. Investors, (me included) can be swayed by reports such as the one submitted by Fsj. But I know now that much of the information was a complete B/S. I have been burned by "pump and dump" schemes in the past as Mostyn, the recent poster on here has. Many of the early investors here have now abandoned ship. Luckily, I don't urgently need the money that I have invested here so for the time being I will let it ride. But I honestly can't see things improving here and I don't believe the Ceo gives a toss. Why would he? He's happy to pocket his large salary and go on expensive skiing holidays.

[moneyfornothing1] 10/12/2019 08:41

When I looked at whether to invest here or not anything posted by an investor I may have read, did not go back to 2017, but I would take it with a pinch of salt as it would obviously carry a shedload of bias. Did you base your investment on the preaching of a fellow investor? If so no wonder you are bitter but you have kind of brought it upon yourself.

[borderterrier1] 09/12/2019 17:03

Of course. And I am bitter and sad? You won't believe me, of course, but you couldn't be further from the truth. I just don't tolerate unadulterated BS like some do on here. Now, if you re-phrased that and asked if I was bitter and sad about this, you would be correct. Come on moneyfornothing1. Three years ago this was 39p. And I'm not a bit surprised that Fsj doesn't promote here anymore, why would he? Presumably you have read his glowing report from October 2017? What happened?

[moneyfornothing1] 09/12/2019 16:56

borderterrier I really don't see where new_buyer is "continually promoting" this share, nor even FSJ in the last few months. You really need to let go, this share does not seem to be good for your health, you come across as incredibly bitter and sad.

Are you still sure this share will be 15p at Christmas as you predicted recently?

[borderterrier1] 09/12/2019 16:29

new-buyer Remember the abysmal share price and remember also I'm not the one continually promoting this as you and Fsj do. Of course, as an investor, I would like the share price to finally head N. But I don't ignore the facts. I tell it as it is.

[new_buyer] 09/12/2019 16:23

sandeels it's not that tough really is it!!

[borderterrier1] 09/12/2019 14:59

I know. But at least I didn't write the glowing report about this over two years ago. Fsj did.

[borderterrier1] 09/12/2019 13:00

new-buyer Of course "some here won't appreciate it". Why? Because "some here" are sick and tired of hearing it multiple times over the last few years......to no avail.
I posted a link above to Fsj's glowing testimonial/mine report, post 2027 from October 2017. Fabulous report but the result was the share price is now sitting at less than 50% of where it was before it. So what's the use of "talking sense"? "Wishful thinking" perhaps, because that's all we have here now. "Things definitely on an uptick?" Really? There is zero interest now due to the complacency of the Ceo and "management". As hydrogen economy says:- "The market has little option but to take a precautionary view." Very true.

[new_buyer] 09/12/2019 09:55

LLB stop talking so much sense!! Some here won't appreciate it as it doesn't suit there agenda! Good question hydrogen economy, I think the LOM extension is important and hope you are right with your response LLB. Things definitely on an uptick but wondering what's next also, Cora? Dugbe? Time to be focusing forward not back.

[laurence llewelyn binliner] 09/12/2019 08:28

#hydrogen economy.. true, but .. The Company had previously planned to announce more detailed LoM guidance and updated Reserves at this point, however due to a number of factors including the increased potential of underground mining an improved understanding of high grade structures within our deposits and the higher gold price environment, the Company is conducting further studies to evaluate these opportunities.

The studies will, when converted to Reserves following feasibility study completion, augment the existing Reserves to increase annual production and extend the mine life further. Based on current Resources over 1Moz gold sits outside of Reserves.

Gonka, Komana East already in hand and CORA are drilling something next to Yanfolila too, I think we can expect some synergy here on deposits.. :o)

[hydrogen economy] 09/12/2019 02:48

Production news may be positive, but that adds to the urgency of presenting the findings on resources and LOM. The delay is a concern but the big worry is the lack of information about why the announcement has been delayed, when it will be made and what are they doing which takes so much longer than plan.

There could be a positive story here that the drilling proved up a lot more resources and that needs time to plan, but can we rule out the opposite picture of poor results with time needed to dress up the numbers. The market has little option but to take a precautionary view.

[laurence llewelyn binliner] 08/12/2019 11:14

Two back2back 30,000 Ounce quarters underline the production recovery case here, and given BMs recent comment that looks nailed on now.., so on balance I can see our toughest years behind us now, there can always be unforeseen events coming our way, but that is mining..!

Debt was -USD45M at Q3, with +16M cash and +4M inventory
Q4-FY2019 should see -USD39M cash/inventory tbc
Net cash positive Q3 2020
Debt free end of H1 2021 if POG holds up
Dividends somewhere in the middle.. :o)

[borderterrier1] 08/12/2019 10:39

LLB. So am I looking forward to the results. Let's all hope we are not dissapointed
again.

[andrewsr] 08/12/2019 10:26

October and November were good months according to Bert M on Vox, so still looking good for Q4 results.

[laurence llewelyn binliner] 08/12/2019 09:28

#borderterrier.. explorers turning junior miners always make mistakes that is the reality as it is a very difficult business to be in, as in investor you have to go into it expecting this to happen with your eyes open and take all the rose tinted information with a pinch then adjust your expectations and buying accordingly, it is all about timing..

DB has assembled the team, built the company, got a fully funded project up and running, had a rough learning year, but still scaled the plant up and got it all spinning while POG is cUSD1500/Oz throwing enough cash off to pay the debt down USD2M a month, those are the facts..

I'm very much looking forward to 2020 and the Q4/FY2019 results..

[borderterrier1] 07/12/2019 21:16

LLB. The other investors "got their timing wrong" because they believed all the B/S that was dished out by brokers and others on here (post 2027?) As you say the company "had much learning to do" in practice rather than theory. In other words, you are admitting that the guy at the helm was completely inexperienced. Strange when you consider that the man in charge of operations "has 40 years experience in the mining industry in W Africa" Or is that more B/S? The early/long time investors paid the price. Except Fsj of course, who sold at just the right time. Interested investors can read his full report on post 2027 (from 2017) and then decide for themselves if it is worth listening to him. And Fsj, is it time for your golden Christmas egg again?

[borderterrier1] 07/12/2019 21:07

Fsj. AS the Hummingbird mouthpiece and Pied Piper you've been saying similar things for three years now and it has all turned out to be sheer, unadulterated B/S. Smart investors, rather than believing what you say on here and the LSE bb should go back and check your posts. Especially the ones about telling everyone that you are "long and strong" then selling your shares. How "lucky" was that?

[plasybryn] 07/12/2019 15:50

Bert was on Vox Markets yesterday talking about Hummingbird, Cora Gold and physical gold.