Member Info for jammin86

"just one blast away", yeah right. Who believes them anymore? Only a fool would still believe anything Dan Betts says.

I recall an interview 6 months ago in which he assured us they were close to commercial production, only to sell another 30% of the company away to keep the lights on.

And now here we are, 9 months since first gold pour and running into problems at every pass.

Who wants good advice? Maybe those who don't want to lose capital lol.

This will slide lower as we await information. Hummingbird is exceedingly good at keeping investors in the dark, and misrepresenting the situation.

Nearly a year since first gold pour at kou and we are still not at commercial production. Says it all really

Obviously they are not back today! Goodness me, who believes the garbage on this board, spouted by people who have been wrong EVERY SINGLE TIME

My advice is: sell out on the next spike, if there is one. Don't wait for results, which are invariably poor. Wait for Dan's next lie about being close to commercial production, and get out with something, or risk losing everything

Yeah, the point is there is ALWAYS something with HUM. We all know mining is risky, but hummingbird can't seem to successfully navigate the space. Everything is unforseen

Him is already broken. Down 96% since it listed, and 65% in the last 5 years.

Unfortunately, competent management matters a great deal in the small cap space, and Dan Betts has repeatedly proven he is not capable.

If management doesn't change this is going to zero

Coris gets to take ownership of HUM if they fail to meet the debt repayment schedule.

Why would they be supportive?

It's ludicrous and extremely naive to think this is anything but finished.

You mean, it's ludicrous to think this is finished. Lol

SURELY you are not using their performance at Yan as evidence that they will succeed at Kou... That would be outrageous.

What is the average interest rate? It must be pretty high.

How much does a year delay cost the company?

Lol. Exactly. "Just another set back"

They'll never get it right because they are incapable. And it's always someone else's fault!

No wonder they only hedged 60k ounces!

Kourassa is worthless unfortunately, which makes hum worth very little. So glad I sold this garbage when I did!

Lots of small caps are doing well at high gold prices because they are able to deliver. Hummingbird cannot and will not, doesn't matter how long they get given.

150m debt at 12% is another 18m lost to interest expense because of the delays. Highly doubt they can meet the debt repayment schedule

It's in coris best interests to takeover HUM on the cheap, so this suits them just fine

Hummingbird simply cannot get it right, even at all time highs for gold.

The issue has always been that they cannot get the gold out the ground. It's always someone else's fault.

I reckon this is no longer a going concern and shareholders who don't sell out now will end up with nothing

Agreed. Gold goes up in response to the post-crisis money printing. It does not go up in the crisis, during which demand for USD goes up and everything else goes down

Probably because gold is still c100 higher than it was a couple weeks ago. Lol.

It doesn't need to climb further, if it just lingers around 1100 & 1200, gold miners are making quite a lot more revenue and profit. Average price matters. Last time we got a spike to 2100+ and then a quick fall down to 1950, benefitting no miners. This time it seems to be staying above 2100, which bodes very well!

Up 25% in a month. Lol. How is that "no effect"?

Higher gold just compensates for under delivery without jeopardising debt repayment

It's the average price that matters, but yes, it's above the collar. That's just 60k ounces though, over 6 months

Why pay for an RNS? it's just an update, they're not AT commercial production yet.

One more month?

Yup. Africa will unfortunately never get ahead

There's just no winning in Africa!