Hummingbird Resources Share Discussion Threads

[borderterrier1] 05/3/2023 14:04

ACT As I have previously explained multiple times to others on here, I tried unsuccessfully to sell all of my holding (400,000 shares) some time ago when this recovered slightly. I sold part, but not all due to a stop loss trigger and If this recovers again, I won't be. I speculate neither will anyone else who has half a brain.

[laurence llewelyn binliner] 05/3/2023 14:01

#PH, are they (Alwaha Fund Limited) linked to Cassidy..? I'm reading they are a Bahrain BVI registered private equity VC fund..?

[plat hunter] 05/3/2023 12:02

Alwaha is one half of Cassidy, might it just be internal consideration ahead of the NSR settlement?

[arlington chetwynd talbott] 05/3/2023 10:30

Why are you still invested?

[borderterrier1] 04/3/2023 13:08

sleveen Of course. He bought in on the "On time and on budget" and "running like a well oiled Swiss watch" hype from 2017...... as many did. In other words, exactly the same scenario as we are being fed now. Unfortunately, the current share price proves it was all DB B/S.......just as me, corrientes1 and many of the long term investors here keep telling you.

[sleveen] 04/3/2023 08:08

...and yet your client still bought in.

[borderterrier1] 03/3/2023 13:08

corrientes1 I agree. My client from Dubai who lost a packet here did extensive research and his advisers told him;- "this co is run by a bunch of crooks." I would suggest he was right.

[zhockey] 03/3/2023 10:04

Very encouraging to see II picking up the slack from Ruffer. I wonder if we’ll see them below 3% now.

[corrientes1] 03/3/2023 09:12

Virtually all these tin pot company owners, couldn't care less how efficiently their operations are run, so long as their salaries continue. If the money runs out, they can always do a placement, rights issue or similar on terms that will protect the major lenders should anything go wrong. Anything to keep the money rolling in.

Peronally, I'm into CORA at a reasonable price, and just hoping that they can learn lessons from the comedy of errors called HUM.

At the end of the day, yes, mines are mostly holes in the ground with liars on top.

[laurence llewelyn binliner] 03/3/2023 07:00

Alwaha Fund Limited up from 3.54% to 5.02%…, another II building their position and believing in the companies outlook..

IF the share price picks up, it is worth considering the 1 for 17.75 options/excess options in the OO at 7.79p..

[borderterrier1] 02/3/2023 21:27

temujiin Actually several years ago DB said openly in a podcast that "We don't need the share holders money now" At that time is caused some concern so perhaps it has been deleted since? But just shows how much he thinks of "share holder value".....doesn't it?

[creditcrunchies] 02/3/2023 21:12

No need to get personal mate it's only the data and reality of this company. It's your money do what you like with it.

[dickbush] 02/3/2023 17:36

Alwaha Fund Ltd based in the Virgin Islands reported its holding as 5.02%. It looks like it has added circa 9 mil shares.

[temujiin] 02/3/2023 08:14

and they need your money
=============
They actually said in the RNS they 'don't' need the OO money. Which is just as well as they aren't going to flog many at 7.79p if you can buy them for less in the market and also not dilute yourself.

I voted against all of the Res's but might buy about £13 worth just to round up my shareholding without incurring dealing costs.

[creditcrunchies] 02/3/2023 07:50

I can't believe people are falling for this a debt raise normally comes in at a huge discount to current shareholders yet you're all too happy to part with the money at the top end of market prices. You know these guys miss their delivery they treat PIs like idiots now they're being super friendly because they've run out of cash and they need your money. That's the way I see it

[plat hunter] 01/3/2023 15:04

No but only on account that I took some at circa 7.5.

Will be voting yes though..

[1knocker] 01/3/2023 12:31

Is everyone taking up their rights? It will be very interesting to see the % takeup. It will tell us how numerate the Hum shareholders are. Whether that information will inspire confidence that we are invested alongside an astute bunch of investors may be another matter.

[dickbush] 01/3/2023 12:15

Average gold price in February $1,854.

[arlington chetwynd talbott] 28/2/2023 12:33

When these guys are able to make a purchase, they should make it meaningful. There is not any comfort to be had from this modest bed and ISA and not a lot of comfort to be had from a guy like this owning a percentage of the company that begins 0.0.

[dickbush] 27/2/2023 18:27

polaris, there are restrictions attached to the shareholding. We have very few details. I would be surprised if Betts has left himself open to being ousted. It is more likely that those details include keeping him in his job...until he has, at least, picked up his bonuses for 2022 and 2023.

[polaris] 27/2/2023 10:38

I think that the dilution vote is inevitable but, like several others, see it as securing the mine delivery. If bank or CIG was of a certain mind, call in the loan and take the whole asset in a fire sale. They have not done this, just taken the pound of flesh! Betts and co must go in the short to medium term. That CIG holding will all but assure changes in the management structure.

[dickbush] 27/2/2023 10:22

So, assuming that CIG gets its second tranche, it will have some 27% of the outstanding shares and Cassidy will have circa 10%. I have the total outstanding to become circa 573 mil.