Member Info for jammin86

Not sure RSI matters so much on penny stocks. There's more likely bad news that us pathetic PIs haven't been informed of yet

That's AIM for you I guess. Clearly bad news that hasn't been released to us yet. Always the way!

Thanks to all the bedwetters :)

We do benefit though. The hedge covers 15k oz per quarter and production is probably above that.

Plus Dugbe isn't hedged, so its NPV goes up as gold goes up

What's the "other board"?

Because Dan Betts is infantile and would rather cut off his nose to spite his face

The production rate just went from poor to zero and we still have debt to pay. I know which I'd prefer!

Why on earth would DB get it right with the next contractors? Why give him any faith when he's repeatedly shown he's not up for the task?

Exactly. DB had no backup plan. Given how risky mining in Africa is, not having a contingency when there was supposedly a year of warning is incredibly poor.

Its his repeated inability to overcome the inevitable obstacles that make him unsuited to being CEO. This is PRECISELY what the good CEOs manage to do - overcome challenges effectively.

Only a crazy person would regard what's happened positively imo, but I am used to encountering crazy people who fall in love with shares on these boards!

Better due diligence upfront.

Better lawyers to tighten up the contracts.

Better communication with shareholders - he's been telling us all was well but its supposedly not been well for over a year.

I will certainly be buying more if this hits 60p! Sheer insanity for it to drop 10p on news about the Vale partnership when gold is at 2350 and they are printing money

Such a pity that gold is at 2350 and hummingbird can't profit from it. Really quite poor from Dan Betts. At these gold prices it's surely better to simply keep the peace and accept that productivity in Guinea is notoriously poor. Instead he shoots himself in the foot along with all investors. Cutting off his nose to spite his face.

Really childish and not what you want from the guy in charge.

As I've said before, Dan has contempt for shareholders and the need to keep them informed. Probably because it's always bad news

Yup it's a very long and sobering list. Mining is Africa is tough, unfortunately Dan Betts isn't cut out for it. Unless they get rid of him these issues will persist

I sold out here almost 50% ago, and I've made 75% on SRB. So it certainly seems to have been the right call so far

Bushy, I'm not putting too much in ANY small cap miner, because they face such company specific risk.

My thesis remains that the gold price is going up, and I want to capitalise on that. Hummingbird is a dud, but others are doing incredibly well.

At current share price this still has a 40m market cap, so there is a LONG way to fall still. Don't be surprised to see this keep falling while awaiting resolution.

Best thing they could do at this point is fire management

Gold is literally at an all time high and hummingbird is at a 52 week low.

If the price of gold mattered, this would not be the case. Go look at every other miner that is actually delivering gold!

Delivery matters. If you can't deliver the gold, the gold price is not relevant.

Some people on this board might save themselves from oblivion if they listened to us "sad clowns".

Or just bury your head in the sand, fall in love with a dog like HUM, and lose everything you invested. Be my guest

Can guarantee you Dan Betts will keep his job, continue raising capital to keep hummingbird afloat, while it's market cap goes down to zero

Very very simple, as DavidBrent explained if you bothered to read. If Yan is not making enough money to produce positive cashflow, hummingbird face the very real risk of going under.

A capital raise at this point would erode so much value just to keep the lights on.

The fact Dan holds so few hum shares says it all. He doesn't care

Sell out while you can, and buy a miner that is actually making money off gold being at ATHs around 2200.

Hummingbird cannot deliver the gold and will be consumed by its debt