Hummingbird Resources Share Discussion Threads

[chipperfrd] 04/2/2020 14:29

The table does emphasise the potential gains to be achieved by adding to their reserves. Each additional 100koz of reserves (upgraded from current resources) adds another year to the LoM and c. US$70m profit before tax - so well worth the cost of running the drills!
Chip

[moneyfornothing1] 04/2/2020 14:18

I don't really care, I bought in middle of last year and more than happy, why would I care?

When you say things like ignoring experienced people, and before you edited to add IMO, you should back up what you say but as you can see from the other posters earlier today you really don't add anything here and your motivation for posting over 1,000 negatives posts on only one message board, despite claiming this was only 10% of your portfolio, and never having posting on any other share board I think is obvious that you do not want this to improve and makes me think others are correct that maybe you don't hold any shares here.

[borderterrier1] 04/2/2020 14:16

Moneyfornothing1 ???? Answers on a postcard please?

[borderterrier1] 04/2/2020 13:58

IMO so of course I'm "making it up". So, in YOUR opinion, what has caused the drift down in the share price since mine completion?

[moneyfornothing1] 04/2/2020 13:30

so in your opinion which experienced peoples opinions are being ignored or are you just making this up?

No frustration at all, bought in late teens mid summer and more than happy with the way things are going, in fact more than happy, delighted, great investment and one I am glad I made.

[borderterrier1] 04/2/2020 13:20

moneyfornothing1 I said IMO. But some rash decisions are being made here. 2 million squandered on a zinc mine? A public schoolboy coming from a family with a long history in the bullion business? Perhaps ignoring/overiding decisions by more experienced others but determined to make a name for himself? Unfortunately, we will never know. But in a realistic scenario any other company that has behaved as this one has over the same period and still has a share price like this there must be some internal problems, otherwise, why is the Ceo still there? There is zero interest in this now. All IMO. And do I sense a hint of frustration in your investment here now? Join the club.

[chipperfrd] 04/2/2020 13:20

Thank you "charlieeee". I should probably do more but I am generally posting much less these days, but still very much interested in the stock and comments made by posters.

I did knock up a simple table based on the last RNS as it looked pretty good to me. Assuming gold at US$1550/oz and AISC at US$895/oz!

Year Sales(koz) Revenue($m) Profit($m)2020 125 193 822021 120 186 782022 121 187 792023 100 155 652024 108 167 70==================================== 574 888 374====================================


I did round the figures to keep the table more readable.
Chip

[moneyfornothing1] 04/2/2020 13:09

borderterrier1 whose advice do you know is the CEO going against?

[borderterrier1] 04/2/2020 13:05

tokyojim1 IMO the problem is the narcissistic actions of an inexperienced Ceo making the wrong decisions against the advice of experienced others.

[tokyojim1] 04/2/2020 11:08

@moneyfornothing1 to be fair this is the only AIM stock I look at so maybe you are totally right.

[tokyojim1] 04/2/2020 11:08

@moneyfornothing1 to be fair this is the only AIM stock I look at so maybe you are totally right.

[charlieeee] 04/2/2020 11:06

The Vox markets interview with DB added some colour to the RNS.

The emphasis is that the plan is conservative, being the base case on reserves in the open pit. The intention is to augment, improve and extend.

A million oz, in resources sitting outside that reserve plan. Committing heavily to exploration this year to convert that, plus new targets and underground studies.

Currently mobilizing drilling rigs and so news flow from exploration.

The key is to produce more, which, because of the heavy fixed costs, further reduces AISC.

They also are focusing on operational delivery: reliable and consistent and operational efficiency: plant and fleet etc.

He does bang the drum a lot about deleveraging.

Unhedged mentioned, in an environment which is good for gold.

The takeaway is that this is cheap at its current market cap and has massive upside from exploration potential, translating into LOM and NPV.

An entirely sane plan of a maturing management team: milk the cash cow.

Why do posters not use this excellent moderated thread for debate?

[moneyfornothing1] 04/2/2020 10:42

tokyojim1 that's pretty much the same across AIM if you do some research and that can't all be Dan's fault can it?

[tokyojim1] 04/2/2020 10:28

Firstly I would like to say thank you all for all the interesting insights and highlights on this chat. I have found them very helpful and have been reading them for a while without really commenting.

One thing I would say though and just to lend some support to BT, there is definitely something not right with this stock. By all metrics and all analysis this stock should be trading at multiples of where it is at but what ever reason when ever it gains remote momentum it gets absolutely hammered back lower. When I ask ‘those in the know’ who the sellers are they always say ‘it’s portfolio adjustment or forced sellers due to redemptions’. But something really doesn’t add up, and this rational has been the same for at least two years.

The fact that Robert Monro has left as well is a bit of a red flag as well isn’t it?

Anyway I remain very positive and really believe that this should be a winner but I can’t help but worry there is something I’m not aware of.

[tokyojim1] 04/2/2020 10:28

Firstly I would like to say thank you all for all the interesting insights and highlights on this chat. I have found them very helpful and have been reading them for a while without really commenting.

One thing I would say though and just to lend some support to BT, there is definitely something not right with this stock. By all metrics and all analysis this stock should be trading at multiples of where it is at but what ever reason when ever it gains remote momentum it gets absolutely hammered back lower. When I ask ‘those in the know’ who the sellers are they always say ‘it’s portfolio adjustment or forced sellers due to redemptions’. But something really doesn’t add up, and this rational has been the same for at least two years.

The fact that Robert Monro has left as well is a bit of a red flag as well isn’t it?

Anyway I remain very positive and really believe that this should be a winner but I can’t help but worry there is something I’m not aware of.

[new_buyer] 04/2/2020 09:30

Sp500g been saying that for a couple of years now, either a paid deramper or a spurned ex-employee, fairly obvious to see I’d suggest. He claims he’s a multi millionaire best selling author!! Not sure many multi millionaire best selling authors would spend every day on this board posting such negative drivel!!

[kennyp52] 04/2/2020 09:08

For Gods sake give it a rest bordertroll !!

[sp500g] 04/2/2020 08:21

I have no problems reading differing opinions. The problem with bordertroll's posts is that they all have a complete lack of substantial information. I doubt strongly that he is invested in HUM, however i assume some connection (former employee or the like)

[borderterrier1] 03/2/2020 23:52

oohrogerpalmer. In the early stages of development in the run up to mine completion nobody promoted this company more than I did, especially over here in the US. The big sells are what is stopping the share price moving, not my rantings. And the sells are not PI's. Companies thrive because of sound management not B/S and hype. And when news articles re. HUMRF here in the US tell us that they have no confidence in the management, perhaps they should listen?

[replicas1967] 03/2/2020 22:15

BT - Shouldn’t you be fishing in Alaska 😂

[borderterrier1] 03/2/2020 22:14

kenny52 Please look at the share price after mine completion. I'm a plonker?

[borderterrier1] 03/2/2020 22:14

kenny52 Please look at where the share price has moved since mine completion. And you say I'm a plonker?

[new_buyer] 03/2/2020 22:10

He’s been exposed time and time again as a liar and a conspiracy theorist, why anyone engages with the lonely man is beyond me!!