Hummingbird Resources Share Discussion Threads

[creditcrunchies] 08/12/2022 15:24

Certainly hasn't come straight out of the showroom that's for sure

[temujiin] 08/12/2022 15:21

It's fair to say the blue truck in the photo looks cough, well used. Not sure about the other rig, but as long as they're working I'll be happy

[trader465] 08/12/2022 15:06

Should the new mining equipment not be looking more like this?

[trader465] 08/12/2022 14:58

And to make an investment decision based on a tweet is frankly even more ludicrous.

Dan Betts must think he’s Elon Musk.

Also if you zoom in the equipment in the pictures it looks rather old and knackered….

[temujiin] 08/12/2022 14:32

I suggested HUM Tweet photos of the equipment in use. A few more would have done no harm but better than nowt.

The idea tho that a company Tweet the market price sensitive info like production is on track to meet YE production targets is frankly ludicrous and any company that did that should be berated.

[creditcrunchies] 08/12/2022 13:44

Will we get the Q4 update on Twitter then? :-)

[sclper] 08/12/2022 13:13

The company is clearly not going to say they are on target to meet guidance in a tweet.Some shareholders asked for them to tweet a photo of production at the Komana East pit to show they are back on track in Q4, as stated in the last update, and they did it.

[laurence llewelyn binliner] 08/12/2022 11:12

#TBTT, only 3 weeks to year end and then we will find out mid Jan, a very important quarter to demonstrate progress, and some FCF go fund the Kouroussa build..The proof, as ever will or will not be in the pudding.. :o)

[temujiin] 08/12/2022 11:10

TBTT,you may be right or wrong, but not putting in what you want doesn't mean your theory is true. Besides, you own no shares, believe company will go bust in 8 weeks and you're now shouting at a HUM Tweet!

[tigerbythetail] 08/12/2022 10:34

Temujin - stating that the company is on target to meet guidance is NOT "price sensitive information". It is assumed to be the case UNLESS the company specifically informs the market otherwise.
That HUM have NOT stated that they are on target to meet their production and cost guidance should be a red flag.
As always, the profit warning will be late (last year it was very late), but it will come.
If you can't pick up on things like this, no wonder you're such a lousy investor!

[arlington chetwynd talbott] 08/12/2022 10:34

Why take the hit when you can surf into another share that you think has better prospects? Or just turn it into cash?

[sclper] 07/12/2022 20:00

The company's tweet is very reassuring

[temujiin] 07/12/2022 18:13

they would have said specifically that they were on target for the quarter and given numbers.
=============

Yeah, that's exactly what Twitter is for, to announce detailed price sensitive info..... LOL

[tigerbythetail] 07/12/2022 16:50

From past experience, I'd suggest that the tweet indicates an imminent profit warning, along the lines of:
"In December we are NOW mining according to plan. However, lower than hoped for production continued in October and November, resulting in guidance being downgraded and costs rising."
If this wasn't so, they would have said specifically that they were on target for the quarter and given numbers. It's also worth remembering how late in the year past HUM profit warnings have come.
Mali political station getting worse as well.

[trader465] 07/12/2022 16:37

I don’t have much faith in the new contractor. What direct support are HUM providing and how much is it costing to assist in the restructure of Corica?


“the Company is assisting with the restructure of the contract miner”

“This assistance includes the expansion of the Company's strategic relationship with Corica in providing further direct support to the mining contractor”

[temujiin] 07/12/2022 16:31

I agree LLB, the mood music coming from the company certainly is suggesting a much stronger finish to the year. But we all know the difference between suggested and actual. Still, this time it should be different :)

[borderterrier1] 07/12/2022 15:20

Arlington I'm still holding because it's not worth selling at this price, I prefer to take the hit. BUT I wish I had never been taken in by the obvious blatantly misleading B/S that these clowns have been peddling over time. The 73 page "running like a Swiss watch" report from James Campbell etc? If you haven't read it, perhaps you should? Especially the part that says how the area has been plugged at great expense to stop collateral damage from annual rainfall by the team with over 40 years experience of mining in W Africa....that washed away first season.

[imastu pidgitaswell] 07/12/2022 14:58

"that's assuming Oct and Nov were also 'to plan', which it didn't comment on"

Good job the management don't have a history of selective statements and manipulation of wordings to hide unfortunate and (regular) operational balls-up, isn't it?

Oh, wait...



As more than few people have commented, mainly on the free speech thread - this is a disaster, which would only be saved with a series of separate and unlikely events all happening at the same time, and for a prolonged period. Possible, but improbable. Hence the share price.

[temujiin] 07/12/2022 14:42

Where did it say that?
==========

It didn't, but the key phrase was ''allowing us to mine to our scheduled mine plan''.

Scheduled mine plan would be hitting target, but that's assuming Oct and Nov were also 'to plan', which it didn't comment on.

Either way at least one day is to plan, so that's good news ;)

[trader465] 07/12/2022 14:28

“accelerate our production for the remainder of the year”

But there is only 3 weeks left to end of year, you’d better hope those rigs are fitted with turbos and superchargers


“welcome news that HUM will make its target of between 77k and 87k oz”

Where did it say that?

[temujiin] 07/12/2022 14:02

Yeah finally they get the memo about the need for PR.

Announcement that they are to mining to scheduled plan, in Dec, bodes well.

[wskill] 07/12/2022 13:48

Thanks jay083 welcome news that HUM will make its target of between 77k and 87k oz.

[jay083] 07/12/2022 13:40

#HUM is pleased to report that key equipment, including grade control rigs secured in Q3 to supplement the underperforming drilling fleet, are performing well at #Yanfolila allowing us to mine to our scheduled mine plan and accelerate our production for the remainder of the year