Member Info for Brucey6onus

Wait are we are the same shareholders who were moaning and punishing the company about KOU not being up to production quick enough? So now our company is withholding payment to the contractor for precisely that reason. I.e. They've done a sh*t job so don't get paid. Let it go to arbitration.

In meantime Corica don't work on YAN and interestingly KOU is Corica's 1st and only project in Guinea too. I suspect both parties underestimated how hard it is to run a mine in that country.

I was (now happily) a forced seller of 40% of my holding in the teens but very tempting to replace and more. Give it another day for last of the weak hands to fold. Overdone hysteria.

Was merely pointing out the contradiction in your thinking - CIG can't make money out of Hum if Hum isn't making money. If CIG loses we lose, if CIG wins we win. Yes we have to adjust expectations that we won't have a bigger share of the pie but that pie was looking increasingly sh*tty with DB in charge anyway, he'll now do what CIG wants, which is yes...to make money. Just trying to caution some about selling at this price today based on an emotional response is all. Full disclosure I'm 50% down on this, luckily a smaller holding so I now hold as a 'maybe comes good or not' investment. Anyway it's been clear for a long-time the current set-up wasn't working, maybe this is the change / investment it needed? GL

"CIG will make a killing from HUM" - implies you expect HUM will perform and pay off debt / make money

"but ordinary shareholders will ultimately hold the bag". - bag of what? explain? If the above is true, then share price will rise and they'll have to buy us out above prevailing SP.

And finally we can say DB is this and DB is that but going forward with a shareholder with 43% - there's only going to be one boss in town..... Think an afternoon investigating CIGs is in order....

I think like my first reaction like most LTHs is anger and i think many will be selling as dilution is the final straw for them. More i think about it though, CIG aka Banks tend not to put significantly more money into losing propositions (they occasionally do, but try not to). Are my hopes for Hum's financial performance the same as CIGS? - almost certainly yes. Once the angry sellers clear out, and with lock-in arrangements for CIG, others may see offer price as new floor in price and we move up, if less dramatically than previously hoped for, but still up from here. GLA

Yes also know as spending on window dressing (max exploration, max production, clean owership of dugbe, & collar for predicatable cash flows) to make it attractive as possible to a buyer - anyway just hopes really

Long time sufferer holder. The only positive spin or read between the lines on, is this is a final injection to get hummingbird operations and assets and cash flows in order (including clean ownership structure in Dugbe) for a potential sale next year? Look at from CIGS POV - spend money to make money here? - the hope and it is only a hope they know, or even have, there is a Chinese buyer in the market. Scoop up controlling interest in HUM at c. 10p. What do they think they can sell it for? 20p? 30p? 40p? then I may stick around to the end. If not... grin and sell it

If someone could clarify if 'limited circumstances' below includes selling the business? Thanks and good luck

· An undertaking by CIG that it will not (save in limited circumstances) dispose of the Subscription Shares for a period of 12 months from the date of admission of the First Tranche Shares

Https://twitter.com/HUM_gold/status/1701556750397120960

We recently held an official opening ceremony for the new Sanioumale East village near our Yanfolila Gold Mine in #Mali. The development will provide housing for over 40 families and has allowed mining at the Sanioumale East deposit to commence ahead of schedule.

Worst thing about Hummingbird is its shareholders. That people read those reults and went yeah today is now the time to sell lol. They should delist and go list in Canada or Australia or somewhere investors 'get' gold miners and what the coming gold price action will be. Muppets.

Hummingbird Resources plc

@HUM_gold

Pleased to confirm #HUM Yanfolila Mali Sanioumale East resettlement is progressing ahead of schedule, and mining is now underway at the deposit.

#gold #Mali #shares #mining

Nice pics on twitter of a digger 'breaking ground' on the open pit at KOU..... at 4.15g/t :)
https://twitter.com/HUM_gold/status/1632763054428397570

Remember there's a 30-day closed period when directors can't buy - comes before release of annual, half year or quarterly results as well as any other price sensitive news releases. So often a limited window for them to buy throughout the year - be interested if they buy after Q2 results though...

- Soon as FED blinks, between now and Year-End - Gold price goes bonkers (hey your name)
- Or a huge global recession with unremitting energy cost increases keeping inflation persistent (stagflation) - Gold price goes bonkers - Last 5 months has shown the world is dependent on two remaining swing 'cheap energy' producers and Saudi has just said we can't produce much more and the other one we're at war with)
- Then there's global property prices based on cheap debt..

Anyway if Gold hits 12 month lows by 31/12/22 I will check myself into a asylum lol

Agreed fella - We're basically on the same page, though I'm still trying to think of what the trigger point here will be - won't be company specific but something like a Fed 'big hitter' saying we can't raise rates any further.... (while inflation remains at ATH)... that should do it ... Still I have bought so many of these (sigh).... but as I said before, when we get gold at 2.1k, 2.5k or a lot higher by year end (or end of Q1 '22 if pessimistic) - then Dan, Me and all other share holders are going to be having a right old 'Tory party' night of it. GLA

Till then fighting against 'the market can stay irrational longer than you can stay solvent' is my current mission lol

plus I'm so in the red here I almost don't care, my belief I was master stock picker is over (only from 2017 to 2019, though it did pay for my year around the world aka 'a rising tide lifts all boats'). One truth is when people work out all the world's central banks are f*king hopeless then that's when things get interesting - IMO Gold is going mental by end of year... thats all I have. Good luck all. I f***king need it too. lol
ps
But if you could keep it at 10p or lower till by tax rebate comes in (next month or two) I'd appreciate it all. x

I originally got in at 32p years ago was buying anytime it went below that on a monthly basis. Was out of work for the last 6 months but now on a nice juicy contract role - I can't wait to buy this in shovel loads come pay day - mainly as my break even is still @24p.
Ideally buying after a crap Q4 report next week or shortly after (we all know it will be, let's be honest) but we can only be surprised to the upside - However what I do finally feel in my bones is that the financial world (re FED decisions, QE and energy inflation) is in trouble and sometime soon in next 12 months or so gold will punch through to ATHs (merely showing gentle stirrings at the moment). Then we won't care if AISC is 1500 or 1100 because we'll be too busy chucking money at each other and laughing about the time it was 13p (maybe 10p at some point soon)
Otherwise I'm simply f*cked lol - GLA!
Finally have a look at the high paid analysts at major banks predictions for YE2022 S&P500 price - only made 3 weeks ago - no one knows what the future holds - going to have to trust your own research - but suggest you have a gold bias
2022 S&P 500 forecasts: (Price when forecasts made 4790 - currently 4432!)
Oppenheimer 5330
BMO 5300
DB 5250
CS 5200
GS 5100
JPM 5050
RBC 5050
Citi 4900
UBS 4850
Cantor 4800
Barclays 4800
Wells 4715
Bofa 4600
MS 4400 (only he/she/it should get a bonus, maybe lol)

https://www.ft.com/content/88135247-5306-4195-bce7-2bc755af9128

Probably because you sound like entitled child asking the board to do your home work for you - just read the board all the way back to when it was 45p? Gold price was declining, in fact entire Gold sector fell out of favour as people chase tech and crypto, HUM had a major shareholder sell out their 10%+ stake starting from recent highs which they had picked up at 15p so they did very nicely but hurt the SP, they also had operational issues exacerbated by a pandemic you might of heard of and a coup in Mali and some contractor issues. Now ask if these events can or how likely are to repeat and whether you think gold is going up or down in price? If you don't like the risk / reward setup move onto another investment. Sheesh, you're welcome!

So a company with Mkt Cap of £65m, just saw the value of its annual sales rise $3-4m in the space of an hour - reaction here...? Nothing! LOL

Wakey wakey AIM investors
"the game is afoot Watson!"

What a terrible [unless you're exposed to gold] NFP number :)

Well of course HUM just sits there doing FA as usual, as PoG rises (latter might even break out of its downtrend finally?). Still with more on-going evidence like this that the future is inflation, money printing and no prospect of any meaningful interest rate rises, then that will boost PoG and the masses will return to gold and gold miners. Hang in there people. GLA