Hummingbird Resources Share Discussion Threads

[plat hunter] 16/5/2022 10:35

I think Ruffer is bag holding, for a HNW. Their HUM holding is held in a different C.I.S than their main distributed fund and with a nigh on 100% weighting to HUM.

[wskill] 16/5/2022 07:39

Ruffer seems to think there is value here at least.

[laurence llewelyn binliner] 15/5/2022 15:19

#PH, the improving recovery efficiencies are notable and over 95% now up from 92%, so on a 100,000 ounce year we gain around 3% (3,000 ounces for free) USD5/6M, a very welcome gain against the backdrop of lower volumes mined/milled and it demonstrates solid operational progress made if not immediately apparent after a poor 15,000 ounce quarter…

There is opportunity here yet to be recognised in the SP, we are moving forward on 3 fronts in parallel, another day closer to the Dugbe DFS .. :o)

[plat hunter] 14/5/2022 08:07

Dn't forget the step change in grade recovery... on 100k a year that's worth 10 million usd on at circa 2k an ounce

[borderterrier1] 13/5/2022 22:51

northern4 But if what you say is correct, in six years, why hasn't the share price gone up instead of down? Duh!!!!

[northern4] 13/5/2022 22:14

You know what. I did not buy into it because I had seen such rosy prospects numerous times before. The best time to sell a junior mining company is a few months into building its fist mine. Before the delays and before the increased cost announcements. Then you get a 2nd chance to sell when production starts but before the disappointing production/cost figures kicks in. I choose not to buy, but I kept the company on my watch list and overall they have performed better than I expected 6 years ago.

[plat hunter] 13/5/2022 19:21

EOM for Dugbe DFS...Https://twitter.com/PasofinoGold/status/1523704773907984384?s=20&t=TX7H-FM4u4uev2rwGNQBzw

[borderterrier1] 13/5/2022 17:39

northern4 You said it! I'm just somebody who was taken in by some of the early hype from six years ago, including the 73 page dossier "running like a well-oiled Swiss watch" from Frank Campbell, 60p target price from the broker (who was successfully prosecuted by the FBI for pump and dump) etc, etc. In the real world, this would be considered to be pump and dump.......wouldn't it? If not, what happened? It isn't rocket science to figure it out. And while DB knows that as long as there is a steady stream of new "investors" here his a$$ is safe. But think about this. Virtually everyone who invests here expecting great things eventually bail out....... usually at a loss. So, please don't try to justify your investment here to me, these guys can't deliver........not to the shareholders at any rate.

[northern4] 13/5/2022 16:21

"In over 40 years of investing, I have NEVER seen a worse performance than this"

Statements like this just makes me suspect you dont have any experience at all. That this was the first stock you ever bought. That may explain your behaviour.
Of course I have seen worse. I have seen companies go bankrupt, I have seen companies diluted to fractions. I have seen dotcom crash, financial crises, I have seen deep,deep cyclical downturns and mismanagement so bad that people had to go to jail.

[borderterrier1] 13/5/2022 13:17

polaris Seen it all before here. Don't forget in six years of "production" this share price is 25% of where it was as a hole in the ground. This is just more "smoke and mirrors" to suck the gullible in and that's why the share price doesn't move, all the long term investors here know that only too well. But of course, you won't listen and I'm just the village idiot.

[polaris] 13/5/2022 13:07

Note HUM stated that throughout in mill was going to be prioritised over AISC optimisation. I'd expect annual production to be met but AISCs to come in above prediction. They need to get a predictable Qly production routine to then optimise costs. It'll take this year to do that and then we have Kouroussa on the horizon for first gold pour. Then there's Dugbe value.

[borderterrier1] 13/5/2022 13:03

CreditCrunchies 100% correct. But there is no shortage of gullible "investors" that are convinced this will change. Why should it, but then why should the Ceo care? He's laughing all the way to the bank with his fat paycheck for performing badly. In ANY other company, he would have been long gone by now, but with Daddy pulling the strings, his a$$ is fireproof. Pathetic.

[creditcrunchies] 13/5/2022 11:16

This stock has been in a down trend for 11 years, it's had massive dilution, it promises a lot but never delivers ever. If you are going to big it up at least deliver even if it's just once. Every time they big it up there's an excuse on why they didn't deliver. Now look who runs it. If that was my son running a company like this I'd be embarrassed to what he's doing to my family name my reputation

[laurence llewelyn binliner] 13/5/2022 10:27

#DB, my expectations for Q2 are 22,500-25,000 ounces..

We know the 5th digger is or was operational from May, we know we lost around 4/12 weeks due to the ball mill plant down time so the woeful 15,000 ounces should be c20,000 even on the low volumes and 12/12 weeks production on low grade with the ROM pad not optimised, add in some better grades and we should see somewhere in the range above with a much better AISC..

Half way though Q2 already.. :o)

[dickbush] 13/5/2022 10:11

Sorry. Repeat.

[dickbush] 13/5/2022 10:07

FWIW. If, IF, HUM meets the low end of its expected production and the high end of AISC for this year, that implies an average of 23,800 oz per quarter at an AISC of $1,280. Even after the fall in the gold price, that is still a pretty good margin.

[borderterrier1] 12/5/2022 17:47

northern4 That's absolute, unadulterated B/S IMO....... and it is also the opinion of all the others that have been suckered in here. The stock did bad in the past? Absolutely, you got that right. In over 40 years of investing, I have NEVER seen a worse performance than this....seriously, have you? In the last six years, when has it EVER done good? Where is the "shareholder value" promised by the CEO many years ago ?????? Something is very wrong here. A blind man can see it.

[northern4] 12/5/2022 17:36

You are proving my point. Your only argument is that the stock did bad in the past and will therefor do bad in the future. I look at this completely different. I see a junior mining company who built a mine and paid it off in 5 years and is now building it's 2nd mine. This has been done, so far, without dilution. I dont care what the stock chart looks like in the past. The future is what matters.

[borderterrier1] 12/5/2022 16:37

northern4 Perhaps my "delusional moron" comment was a bit unfair so I apologize for that. But some of the comments on here never cease to amaze me. Six years after "mine completion on time and on budget" this share price is still only 25% of where it was as a hole in the ground. What don't you understand? The Ceo and "mangement" appear to be staggering from crisis to crisis, learning as they go, slipping on every banana skin imaginable. Despite that, there are still gullible guys that are sucked in on the promise of a return on their money. The fact is, this is bleeding money "somewhere", perhaps the Mayfair offices, ridiculous salaries and expensive lifestyles? I have no idea. But after six years, what I do know is this. Any "investor" watching a long term chart here would realize very quickly that this is a hopeless case and my arguments in the past have proved to be very convincing. But rather than take my word for it, why don't you read them? And all the other ones from other long term investors? Perhaps you are holding the chart upside down, like Plat does?

[northern4] 12/5/2022 15:53

I wander why you are hanging around here calling other investors for delusional morons. My advise is to get over your loss and move on. Your arguments for why this stock is not a good investment, the stock has disappointed in the past, would not convince a 15 year old. Any investor could figure out that by watching a long term chart.

[borderterrier1] 12/5/2022 13:17

northern4 In other words, you are saying EXACTLY what Plat Hunter the idiot said two years ago? Sorry, but you are just another delusional moron.

[northern4] 12/5/2022 11:52

You keeps forgetting that I followed the company for 6 years but didn't buy before 3 months ago hence I did not do the mistake you did. The stock at this level is an easy 10 bagger if they reach their production goals at predicted coasts in the next 2 years. I am however not new to stock investing. I am fully aware there are risks associated with such prospects.

[dickbush] 12/5/2022 09:42

That'll teach me. VEIN C$0.87

[dickbush] 11/5/2022 20:33

From Bloomberg

Africa Faces Unrest as Thumping Food Prices Hit It Hardest
Nations unable to cushion the blow are most at risk of unrest
Global index shows food prices are holding near a record high

[ukgeorge] 11/5/2022 16:22

The main problem about Hummingbird Resources is that as they are in Africa they should have been called Sunbirds Resources.