Hummingbird Resources Share Discussion Threads

[laurence llewelyn binliner] 06/9/2021 18:34

Kouroussa can wait a while, we paid for it with equity and that is all priced in now, I would be happy to see the cash pile built during Q3/Q4 then Q1-2022, and go from there, a delay is not the end by any means when our next project has been a decade in the making already...

[borderterrier1] 06/9/2021 18:18

EXT Capital.

[plat hunter] 06/9/2021 18:16

Go away tiger before you hurt yourself, you're clearly delusional now and effectively arguing with the voices inside your head.

[tigerbythetail] 06/9/2021 18:07

As usual, PlatHunter doesn't understand the first thing about mine finance.
At most any bank will lend 70% of project cost. The rest needs to be new equity money or existing earnt money (NOT future cash-flows; they don't count).
This is just basic risk-management - every bank will want an equity buffer.
Anyhow, this is a pretty idle conversation now - any bank will want to wait at least six months now to see how the new regime turns out. So Kouroussa is firmly on the back-burner.

[plat hunter] 06/9/2021 17:54

So he answered his phone to you on a Sunday night and took your verbal instruction... Brilliant, what's his name?

[plat hunter] 06/9/2021 17:51

Debt funding all the way for me LLB, if a Bank won't lend money then I don't want to spend our own. If it came to it, I think I'd rather they concentrated on building the cash pile and chalk the cassidy gold placing down to a lost punt.


One can't keep chasing an idea with your own money just because one already lumped in with a bit. You end up like Tiger or Border in the end, waste of time and broke. I genuinely can't see that though, military coups happen all the time in Africa, with or without Thatchers son but a delay to proceedings is definatly unavoidable.

[borderterrier1] 06/9/2021 17:51

Plat Plonker I picked the phone up and authorized my broker to sell asap..... but perhaps it's a trick question? I have no axe to grind with you or anyone else on here with this. I was taken in, as many others have been in the past. I'm sure you are a really nice guy and I wish you well. Adios.

[laurence llewelyn binliner] 06/9/2021 17:33

Funding is the toolkit to unlock value from Kouroussa, debt funding might yet prove more challenging given the recent instability and banks appetite for risk, so cash flows and equity might be being considered..? I certainly do not want to see any equity, but we will find out when the RNS lands but I doubt it is imminent given recent events and any rerating, significant or not will be pegged to the package released and how the project is unlocked..

[tigerbythetail] 06/9/2021 17:32

Hi PlatHunter! Unless you are completely stupid (which is possible, judging by your moronic posts), you should realise that there isn't going to be a funding RNS for Kouroussa for months and months now. Nobody is going to lend money into the current environment in Guinea - you'd need to be mad.
The problem with Q3 results is going to be the record rainfall. Any money that will affect production at Yanfolila. That said, the share price here is already so low, that it is hard to see much downside short of a gold price collapse or stock market collapse.

[plat hunter] 06/9/2021 17:30

Genius,


Tell us how you managed to sell on a Sunday?

[plat hunter] 06/9/2021 17:12

Coup or no coup, can we expect a significant rerate on the release of the project funding RNS then?

[laurence llewelyn binliner] 06/9/2021 16:54

What it demonstrates is that currently no value is assigned to the share price for Kouroussa, which is about right as I see it, a permitted asset but not yet funded to unlock any value ...Q3 underway at Yanfolila and results eagerly awaited to demonstrate incremental improvements to the AISC by grade/ounces produced/sold...

[tigerbythetail] 06/9/2021 13:52

I think the flat share price today indicates that maybe the market doesn't really believe the Kouroussa project is a good use of capital, anyway; and that it's quite happy to see it delayed or possibly just cancelled by events in Guinea.
I can understand that position. Perhaps HUM should concentrate on making money from Yanfolila and finally paying its shareholders a dividend?

[borderterrier1] 06/9/2021 12:06

Cyclical lows? This is ALWAYS at "cyclical lows". Because I was in a part of the World where it wasn't Sunday night? DYO research, you're good at that..... this proves it. LOL. What an idiot.

[plat hunter] 06/9/2021 11:43

You definitely did the right thing Border, moaning for 5 years watching it hit 40p several times then deciding to sell at cyclical lows because of a military coup in a country we don't even produce in.


Not quite the tsunami of price capitulation you claimed would happen if you sold your massive holding is it, not only that but how did you manage to sell on a Sunday night?

[borderterrier1] 06/9/2021 11:09

Plat Moron. Probably will......in your delusional dreams.

[plat hunter] 06/9/2021 09:47

Watch this fly now lol

[cinoib] 06/9/2021 09:47

Excuse the spelling, but am on the phone as internet down and my fingers are twice the size of the keys. charlieee, that is China s biggest mistake in 40 years and is sending the country downhill, back to Moa days and will end in tears unless someone takes him out before China ends up in the dustbin, again.

[jongreenfingers] 06/9/2021 08:44

Ironic that a coup in Guinea might find greater peace of mind not only for the people of that country, but for one particular English American too! Good luck BT. Enjoy the break.

[charlieeee] 06/9/2021 08:26

The irony in all of this, is that these military coups are to restore democracy and thus they have popular support. At the time of the Malian coup, the response by neighbouring countries was influenced by the self interest of Guinea and Ivory Coast where the presidents were both intending a power grab to extend their power beyond the constitutional 2 terms (presidents for life, just like China).

From August 2020

"The African Union (AU) and the Economic Community of West African States (ECOWAS) condemned the coup, suspended Mali’s membership, and demanded a return to constitutional order—with ECOWAS also demanding Keita’s reinstatement.

The AU and ECOWAS have a credibility problem—they are not denouncing those who flout laws to hold on to power; they complain only when the military seizes it.

Prominent Malians vehemently rejected the AU and ECOWAS responses, with the leader of the June 5 Movement coalition that spearheaded the protests defiantly proclaiming: “We are going to cross ECOWAS’s red line.” On Aug. 21, huge crowds descended on Bamako’s Independence Square to celebrate and applaud the coup leaders.

Observers also defended the military intervention as a “corrective221; or “democratic221; coup, with an article in an influential South African newspaper sarcastically wondering if the AU’s job was “to protect people from authoritarian regimes or to protect authoritarian regimes from their people?”

In the ultimate irony, Ivory Coast President Alassane Ouattara, who is now officially running for a third term in blatant defiance of term limits, was dispatched to Mali as one of the ECOWAS delegates to demand a return to constitutional order.

The AU and ECOWAS have a credibility problem—these organizations and their leaders are not denouncing those who flout laws to hold on to power; they complain only when the military seizes it.

Coming on the heels of ostensibly legal maneuvers—that can be more accurately described as “constitutional coups”—in two of Mali’s southern neighbors, Ivory Coast and Guinea, where incumbent presidents are extending their terms without any rebuke from the AU or African leaders, the Mali coup has exposed Africa’s double standards in dealing with military coups and constitutional ones; both lead to the unlawful seizure or retention of power and both must be condemned with equal force."

[lowtrawler] 06/9/2021 07:54

I don't think the coup will materially impact HUM for the reasons previous posters have indicated. However, that doesn't mean the share price will be left untouched. We have now had a coup in both our operating countries and it will remind investors to the risks we face

[kennyp52] 06/9/2021 04:46

BT1 .. best thing you could have done for your mental health. You appear wrong on your gold is finished call though . Other than that .. good luck