Member Info for fsjamescampbell

Correction........approx $9m loss during Q4 2018

Pretty neutral, not bad and not great! Looks like during Q4 2018 we will be making a loss between $6 - $7m (AISC @ $1800/oz v current gold price circa $1200), i expect AISC to then gradually come back through Q1 2019 closer towards the $800 / oz mark. I think that is the key now, can HUM get back to making a profit by the end of Q1 2019.

It doesn't appear to be a major pit wall problem and the barge is allowing operations to resume to some normality, i expect it is slower and also an additional cost to ferry plant, supplies and equipment over the river.

All in all there is light at the end of the tunnel we just have around 4 months to drive through it to the other side!

2018 production guidance between 87 and 92koz......so assume 90koz.

We may see a little dip in the sp as the news sinks in and PI's absorb the impact / upside, downside and neutral elements of this update. All in all this is probably the best outcome given the potential seriousness of a damaged pit wall with restricted access to be able to tackle the issues. A fine balance between cost and loss of production.

Thanks, at last HUM for the update!

Ricky...............i have a gut feeling the update will be a bit of a sting in terms of guidance for the remainder of 2018 and the remedial work / cost to resolve the pit wall / bridge. But then prior to the end of the year we will get the much awaited drill results and as you say, a very strong chance of the LOM being increased. This should hopefully set up the recovery for 2019! 6 months in to 2019 hopefully we are fully back on track with a great 2019 guidance!

1234567mz - Your imagination is running wild sir.............

"can they turn around I hope so, however, if they will have to change whole mine plans like some here think, up strip ratio, reserve down, the margin of error of grade becomes much smaller, that is a fundamental mistake for Dan and team, yanfolilia would be a high-cost mine. we will all pay this mistake, markets seem priced in this situation, though."

You do realise that they will be producing approx 90koz of gold in 2018 calendar year, they poured 74koz up to the end of Q3 and then hit 2 uncontrollable problems. The bridge issues, born by the worst rainy season in 20 years and the pit wall instability issues. You are talking as if the mine and the plant has been mis-managed by HUM, totally untrue and not the case at all.

The wheels came off the track somewhat during Q3 and now HUM are in recovery mode. The update that is overdue, needs to be absolutely on the money if we are to recover fully from this in 2019. Up to the end of June 2018 everything operationally was going to the nail, on the button and they were in fact over achieving with 33koz being poured in Q2 which was their first ever quarter of production......very short and clouded memories on here at times!

Thanks pjh1 - Its not about rose tinted specs, its always been about the facts! I will be honest, until we get an update we could drift below 18p and then if the update is not great we could visit 15 or 16p.............that is not something i would say if i was wearing rose tinted specs...............we are in complete limbo until we know.......gut feeling is we will see 2019 as a recovery year and that may not happen until Q2............we shall see, we just need the update, timescales, cost and then we know where we all stand.....can't be any simpler than that really!

RA - Read for yourself direct from recent RNS.

"Operational Update

Hummingbird Resources (AIM:HUM) announces that, following an inspection of the Komana East pit at its Yanfolila mining operation, stability issues were identified which present an unacceptable risk to the continued safe mining below the western wall of the pit. As a result the decision has been taken to prohibit mining beneath these 'risk zones' until further notice and some remediation work will be required. This issue has been further compounded by the unusually heavy wet season which has resulted in a public bridge on the only access road to site being damaged by the floods. The bridge has been issued with a restrictive weight limit eliminating the option for the company to mobilise additional mining equipment to site to assist with any remediation work meaning some of the existing fleet will need to be utilised for the remediation work.

The production profile will be impacted whilst the remediation work is undertaken and the Company is advising that it is no longer possible to achieve guidance for the year which was previously forecast to be 105,000 to 115,000 oz. The impact is currently being assessed and the Company will give an update to guidance once the remediation plan has been developed. The mining of ore is still ongoing from both the Komana East and West pits".

Like i said, until we get an RNS stating what the remediation plan is, all the chatter, as usual is pure speculation.!

Pure speculation all the time..........all we can do is wait for the official update, no point speculating about strip ration and how to deal with the pit wall. NOBODY HAS A CLUE UNTIL HUM RELEASE AN UPDATE!

All we know is that on a routine inspection that a portion of the pit wall showed signs of instability, the bridge can't take heavy plant so they are restricted in bringing additional heavy plant to Yanfolila to expedite any repair works which means they are using existing heavy plant that is already insitu, this will have an impact on production. So we are awaiting a revised guidance update for the remainder of 2018.

It really is all the info we have, any suggestions otherwise is pure guesswork and speculation!

The frustration at the moment is we are in limbo until we have a clear path and direction and the market can be fully updated!

you forgot.........

600 - Scully talks crap!

I did post yesterday that this is a sinking ship............it was 10p at the time, when you see ii's buying again and not reducing then that is a good indicator that this stock could turn....today is the 3rd day on the bounce it has continued to go backwards............!!! Be careful even a sale or merger at this stage could prove to be a poor outcome for shareholders, the sharks will be circling FLYB at the moment looking at how they can get this as cheap as possible!

Blackfisk......i don't suppose there is much significance but it is another broker who have openings to additional buyers, just interesting to see them on L2 this morning.

Joh. Berenberg, Gossler & Co. KG (German brokers) now on the L2 list trading HUM stock.

Folk talk sh*t all day on here...........can't hold back anymore! This stock is doomed, there are many "savvy" and far more astute institutional investors in this game and they appear to be selling! Be careful here folks, for 2 days solid this has dripped back and many investors have either been caught out or are now locked in!

This is a distressed stock however you look at it, if you are likely to see a bid at 25p 30p or 40p as has been spouted then you would not be able to buy stock in this as the shares would all be mopped up and it would have risen over the last two days. Do not listen to the morons on here you keep spouting utter rubbish like "bounce is on" or "there will be an offer on the table by Monday" - Any offer is likely to take weeks to formulate because there is a lot of DD to undertake before any serious offers would come in, unless of course there have been interested parties looking at FLYB for a few weeks already.

Basically, you need to ask yourselves, why has this dropped like a stone, particularly in the last 2 trading days and of course........if this gets suspended and an administrator appointed, it will not open again and it will be game over......just look at the trading patterns and think about it, all the RNS showing ii's reducing their holdings.....they are exiting not building!

The last 30 minutes saw this lift to around 10.8p to buy then all of a sudden when a decent bid came to the table a 500k sell came through and killed the late rally!

Be careful folks!!!

Its a market and a market sometimes needs to be stimulated, problem you have at the moment is confidence in the market as there are so many stocks either stagnant or struggling. What may be an attempt to generate some sells and buys can often result in drops as the confidence to trade, buy or hold gets shot!

For what it is worth to LTH's had a brief chat with BM today and they are still drilling with no problems, nothing more than that, drop must purely be down to a bit of weakness and fragile market.

Hope that helps.........

Hi sands........Endeavour Kalana project use the bridge but very limited as they are not in production yet and another mine called Kodieran owned by a local Malian but it is not really doing much at the moment.

TBTT - that is just pure speculation on your part, absolutely unfounded drivel! We are all wise after the event, BH didnt work out but i cannot for the life of me see that DB would have any other thoughts that to look into a deal that had huge potential. There is so much more we don't know and will probably never know, you speculate far too much as though placed in the same scenario you would have seen through any negatives of this deal. HUM saw something that was exciting and they pursued it, it didn't work out but they are allowed to take some low calculated risk to grow the company. They did this with Yanfolila and it is on track to make the company, granted some recent teething issues but reflect on Q2 - It cannot be argued that Q2 and Q1 ramp up was nothing short of excellent!

I take that on board Northman1, of course! But he does currently hold 1.4% of the share capital at 4.95m shares! Its a fair old holding. For me its not about him buying shares, i couldn't care less, its about how he runs the company and on balance and in the spirit of fairness, his success FAR outweighs any failure, BH turned out to be a failure and at $2m i can see why they took a punt at it, it had HUGE potential, sadly it didn't work out. DB buying shares doesn't make a blot of difference to the gold produced and the way the company is run. The appointments in the last 6 - 8 months have been superb and the team he has built to date has been superb. He is not afraid to muck in and roll his sleeves up and get on the shop floor with labourers on site as well and control the more intricate business side. He is a young CEO with a great deal of drive and now experience.

POG
WEATHER
SITE INCIDENT IN MAY
RECENT BRIDGE AND MINE STABILITY ISSUES

These are the sole reason we are were we are today, ii's have been gleefully adding whilst PI's have been disgruntled and selling (FACT).

This witch hunt is shameful and ridiculous! I for one support the BOD and in particular our CEO Mr Dan Betts. Having had the pleasure of a few meetings with him he really is without doubt the best man for the job! Q1 and Q2 proved that beyond measure! Q3 was simple bad luck, BH was a disaster in the end but the intention was to grasp what seemed a very lucrative deal! So it failed, well we pick ourselves up and we move on! Its 1500 oz of gold equivalent......crikey during ramp up that amount was lost on the cathodes as the gold stuck and they couldn't get it off, state 0f the art cathodes needed to be replaced with a more conventional system! We lick our tiny wound and we move on!

This is a time to get behind our team and support them as they get us back on track!

Dont be a dick strider4 ffs!

I have more info if anyone wants to know......email me fsjamescampbell@aol.com - I WONT BE POSTONG IT ON HERE!

You know what TBTT - i will gladly STOP now, why waste my time with updating folk from a PI perspective. Far too busy at work running my company to be bothered with this anyway. Best of luck knocking the stock, maybe you will get your 15p entry again over the coming weeks..........lowlife!