Hummingbird Resources Share Discussion Threads

[plat hunter] 13/12/2020 17:56

Border I don't actually get what you don't understand.Unless of course you genuinely don't know how to calculate profit and loss or you think that HUM isn't actually mining anything?

[rileyma] 13/12/2020 17:28

Bt in all fairness that was 2 or 3 years ago 😴

[borderterrier1] 13/12/2020 16:20

Plat Hunter. I say hope because I have been hoping here, as many others have, since 2015. You are convinced that all the figures you present here are the correct ones and this share price will finally move. Perhaps you are right...... and I sincerely mean that. But many more that came before you said the same thing and up to now, they have all been wrong.

If you haven't already taken the time to read it, I suggest you read Frank Campbells 72 page glowing report about the mine. That report left many investors here with a good feeling about this, many invested as a result...but the share price dropped to 12 p.

I really wish I could share your optimism and I wish you all the luck in the World here, but I really have heard it all before. Now it is time for the management to step up to the plate and prove that they can turn this around and we can all reap the benefits. Good luck.

[plat hunter] 13/12/2020 14:48

Essentially, without a rerate HUM's balance sheet is growing 50 million a year on an mcap of just 100 million

[plat hunter] 13/12/2020 14:46

Why hope?


2020 guidance is in the RNS feed, we know how much has been produced and we also know what the average price of gold is for the year.


Enterprise Value to EBITDA ratio a mere 2.2


EV/EBITDA is similar to - and often used in conjunction with - the PE Ratio to value a company but is arguably a better ratio for comparable multiples analysis. This is because EV is capital structure-neutral in that it includes debt.

Furthermore, EBITDA measures cash earnings without accrual accounting, cancelling tax-jurisdiction effects, and cancelling the effects of different capital structures. It is purely driven by the business operations of the company whereas the PE multiple can be impacted by non-business factors of a discretionary or non-recurring nature.

[borderterrier1] 13/12/2020 14:14

Plat Hunter I hope you are right. Good luck.

[plat hunter] 13/12/2020 13:15

Only 5 weeks until the market realises that 2020 guidance was based on 1300 dollars an ounce against the a 2020 average of 1750Thats an extra 400 dollars x 103,000 over guidance all going to the bottom line

[borderterrier1] 12/12/2020 22:16

Plat Hunter. My mistake with Stockopedia, I read the chart wrong. My apologies.

[plat hunter] 12/12/2020 21:51

What is the Altman Z2-ScoreThe Bankruptcy Risk Meter, based on the Altman Z-Score, gives a visual indicator of how likely a company is to head into serious financial difficultly within the next two years.If the meter is in the safe zone (a Z-Score greater than 3), the health of the company is good, whereas if it is in the distress zone (a Z-Score less than 1.1) the financial health is poor. Tests have shown that the Distress Zone is 80-90% accurate in predicting distress within 2 years.HUM Scores 3.08 on 2019's figures

[borderterrier1] 12/12/2020 21:29

And I guess Barchart.com don't give it a weak sell rating?

[plat hunter] 12/12/2020 21:26

The F score is rated out of 9 of which HUM scores 9

[plat hunter] 12/12/2020 21:14

Lol no they don't.I'm a stockopedia subscriber, HUM is in the top ten percentile you fool.

[borderterrier1] 12/12/2020 21:07

Plat Hunter. One final question for you and the others that share your optimistic views on here. What's your time frame for the 10 bagger?

[borderterrier1] 12/12/2020 03:30

jbravo2 Of course. You are right, as always.

[jbravo2] 11/12/2020 21:01

I think I can go further in my summation in that yes your analysis of the company is often correct but that their analysis of you is often correct too.

[borderterrier1] 11/12/2020 20:22

Plat. Nor does it make YOU an analyst, but in your mind, you are convinced you are. Over the years, I have considered everything, as have many, many others. But the FACT is this :- This share price remains stagnant. And we are on the same side here. I wish it WOULD move N as you do. The difference between is I'm long term, you are a new investor. I've heard it all before and it won't change until the management does.

[borderterrier1] 11/12/2020 20:05

Plat Hunter. jbravo2 says quote:- "his analysis of the situation has been correct on many fronts." 100% correct. I admit that was wrong to invest here. I admit that I tried to sell 100% of my holding. But you, and guys like you, are never, ever, wrong. And there is always an unending, steady stream of smart guys that are willing to invest here, all of them convinced, (like you are now) that this will be a 10 bagger someday? In five years, despite the uptick in gold, they have ALL been spectacularly WRONG and the share price remains stagnant. But perhaps I continue to hold because those same smart guys are the ones that even now, after many years urge me to "be patient." And I'm the moron?

[plat hunter] 11/12/2020 18:46

Liar.. He contradicts himself from day to day, one day he holds and another he doesn't.A clueless troll and keyboard warrior, he doesn't even know whether he suffered dilution or not over the last 5 years, let alone pog, production costs etc etc.

[jbravo2] 11/12/2020 18:21

Erm, is that really your view?
You think you’ve only lost money when you sell?
Oh dear. I’m surprised you’ve managed to make any money at this.

@AimSurfer. I’m usually only a lurker and don't really want to discuss HUM in any further detail. I’ve summed up my views on it and could never be a long term holder for the reasons I mentioned, however BT is plainly disingenuous with his reason for being here even if his analysis of the situation has been correct on many fronts.

[aimsurfer] 11/12/2020 17:31

Chaps, it's clear someone here likes attention and needs people to talk to, it's why he has been filtered by most and a separate thread exists without him. I suggest we leave this thread to him.

[plat hunter] 11/12/2020 17:27

Because you're locked out of the market, you moron.

[borderterrier1] 11/12/2020 17:07

jbravo2 Why would I sell and lose money? Especially if I don't need that money to invest elsewhere? How many people do you think listened to all the hype here over five years, sold and lost money? I'm not one of them. And you think that's terrible investing? Please tell me why?