Hummingbird Resources Share Discussion Threads

[plat hunter] 17/9/2021 21:01

Lol JH was that a little dig at SRB?

[johnhemming] 17/9/2021 20:58

One of the issues about stock picking is patience. The problem many PIs face with 24 hours news and immediate prices and trades is that they feel like they should respond to news.

I hold quite a few of these and have not sold any as the price went down simply because the fundmentals have not changed. There is always an issue with concentration risk, but at times one needs to concentrate a little to make progress.

I am with PH that the absence of news is also a factor in the price declining. However, I take the view that the absence of news apart from when this means things like accounts not being signed off by auditors is not normally something to worry about.

[plat hunter] 17/9/2021 20:34

*absence of news

[plat hunter] 17/9/2021 20:33

OhisayI started learning around 98 left the city in 2013 and still learning everyday. I've been here a couple of times before and quite excited to be honest. Aside from the obvious disappointment, which is a similar to the feeling of checking your bank balance after a weekend of debauchery, something big is happening here.Ordinarily I'd agree about sentiment. I'm happy to cut my losses 99% of the time but occasionally there's a multibag exception to the rule that is flying under the radar and has enough uncertainty that any breakout is going to be news dependent. In my experience and the absence of earnings updates and cash build usually drives sentiment in the end and now that the HUM is debt free, it's an FCF cash cow with big fat titties. Risk reward at the end of the day though, if one is worried about being 60% down or not patient enough to start small and add then don't go lucking for 10+ baggersI'm in for 120k and if POG can close the gap at 1750 today then I'll add another few k on monday. I'll be doing the same in CEY and POLY too, three quality producers imho.

[ohisay] 17/9/2021 17:36

GP Thankyou for that.FWIW One indicator I might suggest as to the general health of he PM sector is the silver/gold ratio .This has been dropping every month for the last year.
My idea is to buy gold when this turns around ..

[golden prospect] 17/9/2021 16:38

ohisay, today was triple witching so a freaky friday was expected

[ohisay] 17/9/2021 16:32

Plat ..how long you been investing ? I retired aged 53 21 years ago .I've seen everything since .I cut my position here (120k) at 18.5p..it was what I perceived to be a big sentiment negative.
It was incorrect on fundamentals but I've learnt not be dissuaded from sentiment .I think this is just sentiment fwiw.

[plat hunter] 17/9/2021 15:57

I wonder if Cassidy are selling 'lockin' periods can be negotiated and wouldn't be the first time in AIM history

[plat hunter] 17/9/2021 15:45

I wonder if a wealth man' subsidiary of Evergrande had an indirect holding in hum?Consider when the most recent bout of volume and volatility started

[ohisay] 17/9/2021 15:16

If you can see capitulation coming then in spite of fundamentals you can exit and find a time to come back ..
Anybody who has ever been through macro events knows this .

[dickbush] 17/9/2021 15:13

20/8/2021

"Kouroussa, Guinea: Mining licences awarded in May 2021. Detailed capex estimates are being finalised to then enable the Company to complete key work streams, including financing for construction of the mine. As previously stated, the Company will update the market shortly with further details on development plans and capital cost estimates."

[johnhemming] 17/9/2021 14:50

AFAIK it is too early to be putting together the financing for Kouroussa. Not only that, but it will be mainly debt financed with the cashflow from Yanfolila to underpin it.

My view as to what is happening with the share price is that some people have been selling because the POG has gone down and others have sold because the price of HUM has gone down.

[tigerbythetail] 17/9/2021 14:29

Surely it's too early for the financing of Kouroussa?
Surely Kouroussa has to be put on the back-burner until the smoke of the coup has cleared?
(BTW, I also don't trust Dan Betts. But, surely, if current shareholders are to be shafted, it will not be now but later?)

[dickbush] 17/9/2021 13:53

A rights issue is my worst case scenario. If it's coming, a lot of people have had insider information and worsened the terms of any issue. DB checking its acceptability with major shareholders? Doubtless the Stock Exchange will be on the case. And pigs will fly.

Whistling to keep myself "happy", Keir did a massive equity issue a few months ago to eliminate its net debt position and the shares rose 50%. Mind you, that wasn't to finance a gold mine whose prospective output is still unknown.

[charlieeee] 17/9/2021 13:38

Large scale financing is not needed at this stage of the Kouroussa project.

Whilst I don't belong to the school of thought that Kouroussa can be funded out of Yanfolila cash flow, there should be sufficient FCF to fund this planning stage and perhaps more technical exploration.

More likely, Kouroussa will be delayed with agreement by the goverment on the grounds of force majeure ie the coup.

The definition of starting the project may well only mean sticking a spade in the ground: usually, governments take a reasonable view if companies are making a reasonable effort

[troc1958] 17/9/2021 12:52

Imo this drop smacks of a massive fundraising for most probably the development of the Kouroussa project. Probably in and around 14 to15p, but possibly lower. Probably a combined debt equity package with warrants, which would be highly dilutive to current shareholders. Pure speculation on my part, but have seen this many times before ... shunt the current shareholders in favour of a new large investor with deep pockets. Directors will no doubt participate in the fundraising and get the warrants as well. They will probably issue themselves options at a similar strike to the fundraising price to congratulate themselves on a great deal and we the suffering shareholders will be well and truly shunted.Let's see what transpires ....

[ukgeorge] 17/9/2021 12:47

Its probably worth buying Cinoib, for the bounce, although DB has history of not telling the mkt when problems have occured.

[cinoib] 17/9/2021 12:14

15.7 bloody hell that about 15% in 2 days, something smells here and it's not the drop in gold causing this. What's our great leader got to say, has been very quiet for a while or has he dumped and moved on, come on Chip. What's your take on this mess. Edit, just checked the trades 3-1 on the sell no wonder is falling out of bed and you can buy at mid, which means will fall further.

[chesty1] 17/9/2021 12:02

Another tick down here! Where is bottom....!

[cinoib] 17/9/2021 12:00

Chartleee, well it doesn't appear to have any effect as it is still dropping and I for one and pleased I got out even at a loss. I am sitting still for now untill I see some daylight as to how the overall market is going to settle.. As my broker keeps saying. "Keep your powder dry."

[chesty1] 17/9/2021 11:50

Plat Hunter...Great stock pick you mug!!!!!

[sleveen] 17/9/2021 11:23

There was once then Brown sold the lot at gold's nadir.

[buywell3] 17/9/2021 09:37

Risk is the name of the game in GOLD

Whatever form it comes in , and there can be many

To consider them or cater for them is something buywell tries best to do as there are many pitfalls in share investing

FWIW my take is that clinging on to power is number one at the moment for the new leaders

If only there was lots of GOLD in England

[creditcrunchies] 17/9/2021 08:16

Buywell is calling the bottom as he usually does so it's a positive sign chaps. He typically appears when a stock has been crucified for many weeks and months to say it's going down

[plat hunter] 17/9/2021 07:40

Lol sleeven... whoops indeed :-P