Hummingbird Resources Share Discussion Threads

[sleveen] 26/10/2022 07:28

LOL, try reading all the RNS.

Pop's had a few too.

[replicas1967] 26/10/2022 07:27

TB purchase 1,000,000

[trader465] 26/10/2022 07:25

500k is insignificant. Someone is throwing a sprat to catch a mackerel.

[sleveen] 26/10/2022 07:23

Well, well, well. Who'd a thought it?

"sleveen - 22 Oct 2022 - 09:47:17 - 9341 of 9399 Hummingbird Resources (moderated)
Director purchase? (cough)"

[replicas1967] 26/10/2022 07:07

Director share purchases RNS

[plat hunter] 25/10/2022 19:21

Most people who know trader have him filtered, serial loser who turns to trolling a board when he gets it wrong which is usually always.

Spend a few mins on his posting history and you'll see what the crack is, or rather his is.

[temujiin] 25/10/2022 17:12

Well I'll take it Trader you can't find any evidence, I am soooo surprised, not ;)

Website looks fine to me btw, and they've even updated it already to include HUM Kouroussa

WHERE WE WORK at the bottom

www.corica.com/projects/

[sclper] 25/10/2022 15:27

Looks good to me https://corica.com/projects/

[temujiin] 25/10/2022 15:22

Trader465,

here's a great website if that's how you judge a company

www.puregoldmining.ca/

Looks like they're just about to go bust though!

If you have any specific information of Corica being a 'cowboy outfit', then I would be happy to see it.

Do you have any?

[laurence llewelyn binliner] 25/10/2022 13:49

#Nickwild, 7,000 ounces is c12M revenue, but if we had those missing ounces in the bag on top of the 17,000 to bring the AISC down some it could have got us down to 1,450 AISC with around a 250/ounce margin and only generated around 1.75M of FCF for us from the 7,000 ounces, or USD6M total for the quarter..

Water under the bridge now and best to let it go now, it is done, focus on our Q4 and somewhere between 24-34,000 ounces at a higher grade, and this will make a big impact once demonstrated..

[sleveen] 25/10/2022 13:46

nickwild

7000oz @ say $200/oz CASH FLOW (not revenue [revenue less costs] as you have shown)= $1.4m.

[trader465] 25/10/2022 13:42

“The reason I'm more confident now is the mining contractor for Yani, and Kouroussa looks a serious outfit”

Temujiin - They look like a cowboy outfit that has been setup for a specific reason. You have obviously done zero research. Did you notice their very basic website looks like it was designed by a 5 year old? Did you notice a google search of news articles returns zero results? Who are the directors? Who are the shareholders?

Have you researched or contacted their alleged their employees on LinkedIn?

Did you not see the huge disclaimer notice on their website?

“All the information on this website – hxxps://corica.com/ – is published in good faith and for general information purpose only. corica does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (corica), is strictly at your own risk. corica will not be liable for any losses and/or damages in connection with the use of our website.

From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone ‘bad’.

Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their “Terms of Service” before engaging in any business or uploading any information.

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Update

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[nickwild] 25/10/2022 13:33

7000x1700 = 11.9 M

[creditcrunchies] 25/10/2022 12:02

Tem, I know they've lent it but if they look distressed in any way they might start asking for assurances that's what banks do

[plat hunter] 25/10/2022 12:02

You realise that 7k ounce missed in Q3 generates no where near the 20 million needed from coris.

Q3 realistically changes nothing here at an operational level... People quite literally shat themselves over 1.5 million dollars of missed free cash flow.

If you're here for the potential mega bag punt that HUM has always been then what a top up opportunity this is.

That said, there are some questions that need answering, a Q3 investors Q&A should have been penciled in by now.

[dickbush] 25/10/2022 11:16

Betts knows he is in the last chance saloon. HUM has to produce sufficient 4th qtr cash flow to get that $20mil or the game is up.

[temujiin] 25/10/2022 10:39

Problem is who said the bank was supportive?
================

Loaned HUM 10's of $million for Yani before HUM had any revenue
Loaned HUM 10's of $million for Kouroussa before that has any revenue
Loaned HUM $15million to support HUM during current liquidity issues and
looks like they will loan another $20m as well.

I say they are very supportive. Other views are available.

[laurence llewelyn binliner] 25/10/2022 09:41

The last tranche USD20M from Coris could be dependant on performance in Q4, we have not seen the terms, but it is likely Coris would want some evidence before they add debt onto existing, interest rates are going to be stiff but 8/10% is normal for mining debt..

Given the USD115M CAPEX for Kouroussa, IMO it is very unlikely Coris would refuse to support us further as it is clearly in their best interests to see us into production and to recover the debt from cahsflows..

[creditcrunchies] 25/10/2022 09:29

Problem is who said the bank was supportive? How reliable is that statement compared to the other statements. Out of nowhere we got an RNS from hell

[temujiin] 25/10/2022 09:14

For the record and because I now believe they have finally sorted out the mining issues, I just bought 50k.

[creditcrunchies] 25/10/2022 08:32

It might have been Jupiter that dumped it doesn't look like Ruffer

[laurence llewelyn binliner] 25/10/2022 08:16

Pretty sure IIs get 3 days to report any changes with a TR1, any movements on holdings down to 3% need to be notified, but not under 3%..