Hummingbird Resources Share Discussion Threads

[kennyp52] 02/11/2020 21:27

I have no interest ... sold out ages ago ... too early ... as you well know. I left the board gracefully .. so should you . You stupid old muppet .

[borderterrier1] 02/11/2020 19:44

Kennyp52 Here you go, yet another nice drop for you? Fill yer boots! Another chance for you and the rest of these board buffoons to add some more. Keep adding, keep losing. This is beginning to look like a scam now, too many family members involved or on the sidelines. 20 p before Christmas and why not?

[zhockey] 02/11/2020 17:14

Gold forecasts? lol!

[aimsurfer] 02/11/2020 17:09

But first they will have to spend big in 2021 to get the economy back up and running. All the gold forecasts looking ahead is pointing at over $2k.

[zhockey] 02/11/2020 16:37

I think gold is a coin toss post election, just look at 2016, who expected that?

Biden is the favourite and if he wins it could mean a return to the old international system and dollar strength.

[fozzie] 02/11/2020 16:10

Whilst not happy to see us back down at these prices I have been adding this afternoon and will continue to do so. Once US election out of the way I can only see pog heading higher and taking us with it.

[aimsurfer] 02/11/2020 16:03

Extending the LoM by two years which we know is guaranteed will result in £100m additional cash at current gold price. Will have direct impact on NAV and Market Cap once LoM is announced. I'm definitely adding more if we're at these levels prior to LoM extension announcement. Need to look at notes when that's due, early next year?

[aimsurfer] 02/11/2020 15:44

Will have to if it gets even lower. Frustrating but I don't see how it won't bounce back in time. There must be a seller and no interest to take up the stock so we're grinding lower. Interest will have to return at some point. If you ignore Kouroussa, Bugbe and Yanfolila mine extension, we already net cash positive and have 4-5 years of generating £60m plus of annual FCF. Where's the risk here? If/when other stocks in my portfolio hit my sell targets I'll definitely reallocate more funds here.

[ukgeorge] 02/11/2020 15:23

Aim can you buy some more please?

[aimsurfer] 02/11/2020 10:01

Added to my position again this morning. Retrace is not HUM specific, looks like across most gold stocks. I don't see gold going much lower given new US stimulus plans post election. Like what I'm getting here for £120m market cap and lots of value catalysts coming up.Significant FCF next year going into Kouroussa to become 200k+ oz producer. Don't don't get many of them for £120m

[gosoftly7] 02/11/2020 09:55

This article did not specify the 10 years. If this is the case, then this is less of a concern. Some of the wording is quite strong.

[wassapper] 02/11/2020 08:39

Thanks for that Go. Where is the report? Do you have a link?

[gosoftly7] 01/11/2020 18:57

Malienne Govt reviewing the mining laws and contracts to ensure that they get a fair share.

[ukgeorge] 30/10/2020 12:00

Fingers crossed this is the low, obviously depends to a large degree on the gold price.

However, I'm personally not throwing any more money at this. There are plenty of more transparent companies that have equally good prospects, with less risk and importantly where management and shareholders are actually aligned.

Dan said years ago that he would never be able to sell a share in the company which is perhaps why he cares so little about the shareholders.

[borderterrier1] 29/10/2020 12:12

doc_oj I didn't say that. I once held 400,000 shares here (in the US), sold some but nobody wanted the rest at that time (on the NYSE) so unfortunately I still have some. As Kinwah says, very disappointing. Can anyone suggest a worst performing miner?

[ukgeorge] 29/10/2020 11:52

Good luck Kinwah, I wish I had done similar. Reference not making hay while the sun shone, it is so ironic given in one of Dan's recent interviews he specifically talks about managing costs when prices are high.

[kinwah] 29/10/2020 11:34

I exited my remaining holding last week at 39p. Like most on here overall I probably more or less broke even due to averaging down on the dips. But given what the gold price has done the outcome was very disappointing. In retrospect the company didn't make hay when sun shone and now the gold is running out as was foreseen. As they say with shares it is always better to travel than arrive.

[doc_oj] 29/10/2020 07:22

Done very well over 40 years.
Not lost money on this but this has been the worst which suggests you have never lost money ever. All I can say is very well done, don't think anyone in the world will be able to match that claim.

[borderterrier1] 28/10/2020 20:41

AimSurfer I have invested for over 40 years and done very well. I have not lost anything here yet, but not made any either. This one has been my worst by far and it remains a frustration. Thanks and good luck.

[aimsurfer] 28/10/2020 20:35

Sorry that you lost funds here. It's your money and your decision where to invest and what actions to take afterwards. Lost plenty myself by believing CEOs who failed to deliver. Many lessons learned over the years. Good luck with your future investments, plenty of companies out there to make a profit on.

[borderterrier1] 28/10/2020 18:52

AimSurfer Claims like yours have been continually made on here over several years by experienced traders. The "experienced company" screwed up big time with the rainy season damage, despite the spurious claims by FSJ in his 71 page report that collateral damage during that season would avoided by "plugging the area." As a result the share price dropped dramatically and since then long time holders here have patiently wait for each RNS, expecting a glimmer of hope but unfortunately, with this, it never comes.

In the past, on my recommendation, some of my business associates, far more experienced than I am took large positions here and slowly but surely have abandoned ship. This company simply does not represent the "value for shareholders" that our "experienced" Ceo promised many years ago. Sorry, but "you can make profit from any share" is just not true with this and lots of guys have been burned, me included.

[aimsurfer] 28/10/2020 18:29

Been following the story since production, scaling in and over exposing at times when share price got to ridiculous levels. Under 30p is my new ridiculous level I doubt we'll see but personality another money making opportunity for me if it happens.Don't fall in love with shares, you can make profit from any share just got to buy and sell at the right time and keep your average down.As I said with the current gold price, an average management team can grow value here. Dispute past shortcomings, the company has experience of building and running a mine. Kouroussa should be ok then. Don't need dilution to get to production there.Very competent people driving Dubge forward. DFS next year.What's the downside from here? We're at £120m market cap. 2-3 years of production you get that in FCF.