Hummingbird Resources Share Discussion Threads

[ukgeorge] 21/5/2020 10:45

grown ups are boring. Roll on a close above 30p.

[new_buyer] 21/5/2020 10:41

Our friends from Mauritius bought in when the share price was mid to high teens so no surprise that they have banked some of their profit and as some on here, or on the grown up thread, and LSE have mentioned it might just be down to their rules for balancing their portfolio, who knows but we will know if they continue to sell into the rise.

[goldgoldgold1] 21/5/2020 09:29

My concern is that the seller is one of the large institutional names selling very large amount of stock. I know Sustainable has had large redemptions this year so are forced non economic sellers. Leaving a 30p offer with this much volume going through makes no sense unless you need to clear a very large amount of stock.

[new_buyer] 21/5/2020 08:23

Dan lets hope you bring buckets of good luck and we can get through the 30p barrier today!!

[kennyp52] 20/5/2020 22:55

A share will be taken more seriously when it gives its investors a return ... a dividend.... if it is generating so much cash then start paying dividends . Unless there are bargain acquisitions but they tend to cause as much concern to an share price than good . The only people getting a return in companies like this until they start doing what their prospectuses said they would is the directors .

[avsome1968] 20/5/2020 21:05

Coro been tinkering along last 5,6 days with not much volume either mms short of stock or some good news on the horizon, maybe resource update , up 48% in coro lot better than I am in hum.

[dan_the_epic] 20/5/2020 16:38

I hope to bring good luck with me ;-) and if all works out as I hope/expect, then we can celebrate together

[borderterrier1] 20/5/2020 16:33

Dan. I sincerely hope you are right. Good luck to you.

[dan_the_epic] 20/5/2020 16:31

That I agree on!!! Brokers way about thinking about tiny oil and mining stocks are stupid.

3.2m of volume today very very healthy. Expecting tomorrow to bring a test of 30p again given how the ask ticked up slowly through the last hours of trading.

Good evening fella

[borderterrier1] 20/5/2020 16:30

Dan. I agree. But usually the brokers note doesn't result in successful prosecution by the FBI for pump and dump violations does it?

[dan_the_epic] 20/5/2020 16:22

Cmon BT, you know as well as I do that almost every exploration mining company has a broker note with 100, 200, 300% upside. It's completely irrelevant in 95% of cases. Cash is king. Mining isn't different to other sectors in that respect. Most investors will only give them any kind of consideration when they are a proven producer with a decent balance sheet.

[borderterrier1] 20/5/2020 16:19

Dan. How could the 60 p broker prediction from 4 years ago and the glowing 10 page report from the company mouthpiece Fsj be classed as a "false dawn"? I have other gold/lithium stocks that are doing very well. This is a mystery.

[bittorrent] 20/5/2020 16:11

What's going on at CORA? Up 20% today.

[dan_the_epic] 20/5/2020 16:11

Cora running.

[dan_the_epic] 20/5/2020 16:11

Border I never bought into any of those false dawns of the past. To me (if not you), today is so so different from any of those dawns. That's why for me at least i'm buying now and not then

Cora going on a run this afternoon FYI.

[borderterrier1] 20/5/2020 16:05

Dan. I have held a significant position here since 2016. Over this time this has been routinely pumped up by brokers, company mouthpieces etc. When it moves up it ALWAYS comes crashing down again as a result of big position sellers bailing out and this has been a constant frustration. Sorry, but I can't see that changing anytime soon with the current management.

[dan_the_epic] 20/5/2020 15:52

Invested for several weeks. Had this on my long watchlist since 2014 believe it or not. Rejected it every single time until it started to look interesting when I looked it it again in September last year and have been following very closely since. It has taken me 6 years to think the stars have now aligned. Like many in mining, I dont trust jam tomorrow stories so I don't touch cash draining explorers which ruled this out for so long.

[borderterrier1] 20/5/2020 15:48

Dan. Can I ask how long have you been invested here?

[dan_the_epic] 20/5/2020 15:28

Not sure that is fair border. There has always been a reason for the drop, and some pretty unpredictable around operations.

One thing I know. The market LOVES cash. Cash is King. And cash is here. Cash flow + net cash will be gamechanging.

[borderterrier1] 20/5/2020 15:18

new-buyer "There doesn't seem to be a great deal of logic around this SP" Correct. And unfortunately over the last three years, when either you or awol Fsj have made predictions, the share price moves N temporarily and the sellers come out of the woodwork to drop it again. What does that tell you?

[new_buyer] 20/5/2020 14:23

Dan there does not seem to be a great deal of logic around this share price but that's the markets isn't it. Hopefully now we have seen the tougher times and we continue to see decent production numbers and some clarity on what the future holds.

[dan_the_epic] 20/5/2020 13:01

1.45m of volume traded today already. Love it. New target for today, 2.25m

[dan_the_epic] 20/5/2020 12:27

I understand, George. It can be frustrating. Part of the reason I bought in here is because it's lagging, but part is because it is really undervalued. I've diversified my risk with AAZ at the same time this week.

THis is definitley not a promotional company at the moment but that is fine. After all of the issues of the past, an occasional video and delivery of the numbers is paramount. Dan has said it himself in that interview from last year. He wants to build up credibility and deliver, quarter after quarter of good numbers. To be fair to him he has done exactly that over the last few. Credibility with folk like me who have ignored this business in the past is building because they are delivering. It's always hard to pinpoint what in a business changes to make the market sit and wake up but I think it is happening here as we speak.

Don't let it get lost that this is up 42% year to date. Frustration because others are outperforming at the whims of other investors is irrelevant in my eyes as it needs the market to wake up to opportunities. This is one of them. Q1 production caught the market's attention. So will Q2 and beyond. When this gets through 30p rest assured there are going to be a lot more eyes looking at this stock and then they will realise what this offers. $90m of EBITDA forecast this year. It is quite astounding. I bet you this; 0.01% of the market and total potential investor base knows about that.