The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Again if it was about employing locals, that should have been researched and everything prepared and in place before the mine was opened. When the mine was ready to go, everything else should have been ready to go. Its called good management.
I really, really, really, really hope that's not true about not being able to get the staff. Surely some research was done before they spent billions building a mine. That really would take the biscuit, spending all that money opening a mine that they can't get enough staff to operate. I really hope that's not true, but we are talking about hummingbird here.
Good reply Alibi. Not sure how different it is doing the same thing in different countries, surely they have gained their reputation in various countries, which present different challenges. Not sure this one would present the with anything they haven't come across before. Unfortunately the the one constant that as made things difficult for hummingbird to really achieve is hummingbird management. If I had to guess which management team would make things not work. I would go for the one with a bad reputation, not the one with the good reputation.
So are you saying Hummingbird hired someone with a good reputation, or someone with a bad reputation in the industry Alibi?
Although they do only seem to have a problem when working with hummingbird, the have a good reputation through the industry. That's why hummingbird hired them. So once again its hummingbird having problems others don't seem to have.
What I would like to see are some pictures taken at the (new) mine, but instead of pictures of nice clean trucks and excavators etc all neatly line up with a team of blokes relieving a lecture. I had like to see pictures of laden trucks kicking up dust as the transport the good and a team of busy blokes making it happen. Where are those pictures? Anyone seen any pictures of any work being done? If I ran this company I'd have those pictures all over the net,not pictures of parked trucks.
Well make your mind up Mostyn, on your previous post you say a few blasts away.
I thought we were only one blast away from the good stuff when production stopped, how come we are now a few blasts away, as it moved?
We don't need any details like that Bpat, all we need is to blindly say this is going to fly and make woosh sounds, pick out random figures like 20p ago and everything will be fine, same as in the past.
Look are they back at work or not? If so why don't the company just release a statement to that effect? Look after the interest of the shareholders.
Well yes it looks good news, but before we get carried away let's remember the disagreement that stopped them working was about underperformance,let's hope they have resolved the issues that caused the underperformance and we see the consistent long term improvement. Otherwise we will be back to square one. Let's be optimistic for now though.
Part 2. Screw up through the rest of the year. Looking forward to hearing all the new year predictions, which will be exactly the same as last years.
Like it,very much a dreamers paradise here,pretty certain come the end of this year we will here the same old posters here with the same delusions that the good times are just around the corner (still) and an SP of between 6p to 11p, depending on how much or how little they screw up through
love that!! people who consistently use the phrase let's assume, big headidly telling people how little they know. how little you have learnt. you can't assume anything with hummingbird and use your assumptions as a basis for *** packet calculations. when have you ever been able to rely on hummingbird or assume anything. surely you must have twigged by now the only assumption you can make is they can't achieve and things are bound to go wrong.
You are reassured by anything DB tells you? You must be slow learners . When have is deeds ever lived up to his words? It's just another round of words. If he was ever going to match is words with actual profit making achievements he would have done so by now. What's stopping him?
Knock of course, when as any reality check from the company ever boosted anything. Reality and news are to be avoided at àll costs, only Bushy eyed speculation helps here, not real news.
Soon find out how much nearer the brown stuff we are.
Yes well remembered Lew,it obviously made an impression and stuck with you, fortunately I forget pretty much everything you post.
Yep if this gets to the mid 250s before div,I'm off, my modest, worst Bank account outperforms this. I think that's quite a worrying statement really. This is a very decent company, but investing in GB is so unattractive this days that even a decent company can't give you a decent return.
Just remind me if when I called you an expert Lew?