Hummingbird Resources Share Discussion Threads

[dickbush] 09/4/2021 08:31

Many thanks for your research, john. SC have done a very good job on both buying and selling.

[johnhemming] 09/4/2021 06:54

Personally I would not be surprised if mining out KE was not as high a grade as the rest. However, my main concerns were as to the long term and those have essentially been resolved. I tend to buy on the assumption that things will improve over time. I don't run on short term timescales.

[borderterrier1] 08/4/2021 23:01

Plat Plonker. Here is some information for you. Post number 1000 on here from Beaufort Breakfast (Beaufort were the Hummingbird brokers at that time) from December 6th 2016. And I quote:-

"Christmas has apparently come early for Hummingbird shareholders and we look forward to further developments as the construction phase proceeds." share price at that time? 37.25p So you see, complete, unadulterated B/S from the broker...... that was then successfully prosecuted by the FBI for pump and dump violations. Remember, all that glitters is not gold. Pun intended. We are ALL unfortunately, complete suckers.

[plat hunter] 08/4/2021 21:44

I'll be glad when they're out and hopefully it's been going to more sticky hands

[charlieeee] 08/4/2021 21:43

Well, if they are mining out Komana East, the remaining 134k oz. that is 2.86 g/t per the recent MRE.

The will have to explain any significant grade variance, but if the grade of that mined was to come anywhere close to the resource model, then Q1 should be better than Q4. Given that they are mining it out at the same time as updating the MRE, surely those figures should be "grade control" accurate?

[johnhemming] 08/4/2021 18:11

They went from 6.47% to 12.13% on 13th May 2019 the share price was then around 15p. Hence I suppose they would be making a profit at 20p and we should not be so surprised that they are willing to sell.

[johnhemming] 08/4/2021 18:05

I have spent the time going through last year and have these percentages and dates
6th April 2021 3.98
8th January 2021 4.98
15th December 2020 5.98
11th September 2020 6.90
9th September 2020 7.15
9th July 9.68%
7th July 10.48%
1st June 11.99%
18th May 12.78%
5th December 2019 13.13% (this was an increase from 12%ish)

[borderterrier1] 08/4/2021 15:08

He's one of the greatest song writers of our time. Kinda like Dynamite Dummy here? And I guess Berenberg uses the same logic with downgrading Hum to hold that they used when they upgraded the share price to a buy with a target price of 60p several years ago? In other words, they just haven't got a clue. Roll the dice Berenberg, you might get closer next time.

And of course as you say Prat:- "the share price behaved positively over SC busiest selling period." Nooooooo! You don't say? Shouldn't that tell you something? In your case, perhaps not. And I wish BushyTwerp over on the LSE bb would give it a rest. Somebody please tell him that regardless of his delusional ramblings, this is going DOWN.

[plat hunter] 08/4/2021 12:26

Conversely the share price performed positively over SC's busiest selling period. Which to me looks like they want fully out but also that overhang is more likely subject to liquidity, rather than a dump at any cost strategy.

[plat hunter] 08/4/2021 12:14

I was looking at that and the rate of selling does seem to have slowed. It took them almost a full quarter to match what they roughly sold in a few weeks from December to Jan.

[johnhemming] 08/4/2021 11:52

It is, of course, possible to go through the RNSs and work out what holding they had at which date. That will give a better prediction of when the overhang will go.

[plat hunter] 08/4/2021 10:53

What's Burt Bacharach got to with anything?

[plat hunter] 08/4/2021 10:14

More like 140 day, at least

[johnhemming] 08/4/2021 09:51

Sustainable capital have another 14 million shares to sell. That will take more than 14 days.

[plat hunter] 08/4/2021 09:33

Covid cost the global economy trillions with trillions more being printed and gold is only 3.5% up for the last 12 months.Bubbles and dislocations more often than not lack reasoning and rationale. They say that a market can stay irrational longer than a trader can stay solvent. Although that's not the case here for me or my other gold investments. I know I'm right and happy to ride it out... besides chasing beta on cinema chains and airlines, isn't what gold investors are interested in anyway.

[dickbush] 08/4/2021 09:05

George. I've felt for a while that I made a poor choice to ride the bull market in gold. However, alternatives I considered, Centamin and Resolute, have performed no better since their peaks last summer.

Like everyone else on here, I have no idea how the first qtr will turn out, but I'm not expecting good news. I'm just hoping the statement will be positive about some recovery in the 2nd qtr.

[johnhemming] 08/4/2021 08:28

I like to get information from different sources so I read The Guardian, The Times and also Zerohedge.
This video


I think has some truth and talks about gold at about 14 mins 30. I have had a view for some time that the countries printing money will see quite an increase in inflation.

[plat hunter] 08/4/2021 07:49

And yet you still bought in the other week, amazing.

[ukgeorge] 08/4/2021 07:18

I've lent Berenberg my calculator. :) The most annoying thing about the whole situation is not the share options, the poor communication, the opaque accounting, the frankly random investments in cora, bunker hill and questionable deal with pasofino the company being sued. The missed production targets, rising costs, lack of new reserves. The lack of a mining license. The rainy season that happens each year (who knew). It is that this has happened in the biggest gold bull market ever.

[borderterrier1] 07/4/2021 22:03

Yep. Barchart and other stock picking co.s have had this as a strong sell rating for at least three years but there are lots of punters out there think they know better and will demean me for daring to say that. Unfortunately, they don't know better and I wish had never fell for the hype, B/S and got involved with this. Obviously this co. is very badly "managed" (and I use the term loosely) it has a Ceo that obviously hasn't got a clue what he's doing and the PR borders on abysmal. And perhaps the most disturbing thing is they don't give a rat's a$$ about the shareholders because they are laughing all the way to the bank with their fat paychecks. Sad really.

[johnhemming] 07/4/2021 21:57

>Upside/downside potential regarding the current share price limited; no immediate catalyst visible.

Not that much good as analysis. POG is the issue.

[plat hunter] 07/4/2021 21:44

They haven't called it right yet, so maybe they will now

[myoung1982] 07/4/2021 21:20

New broker rating today to hold. Hummingbird Resources: Berenberg downgrades to hold with a target price of 23p. Urgh!

[borderterrier1] 07/4/2021 21:18

Correct. I guess it just goes to show that you shouldn't listen to the idiots on here that say things like "this will be 40p before the end of the month, three months ago (you) or even worse, prominent brokers that confidently predict "target price of 60p" five years ago?