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Not Quite -
This Company should change its name for the benefit of a number of shareholders on here !
Get rid of the Hummingbird name and replace I with a more exciting and appropriate name. I suggest the company should be called " Dream Maker ".
It's appropriate as some go from one dream to the next. You know who you are.
Hi KO,
No I think it means that this is just the beginning of a much larger buy back programme over time/years and this first phase is being handled by ML . This then does not mean that Enquest will use ML in future programs. I expect to see a much larger buy back program for 2025. Maybe using ML, maybe not. Options open for Enquest.
All the best, JAN
I remember when BTFATH1 just used this share "in and out" for profits to buy golf clubs, weekends away , meals in restaurants etc.
Now like us over time He has been hypnotised and blinded by Enquest's beauty!
Good luck , BTFATH1 you have joined AB's merry men of LTH's.
No one here seems to crunch any numbers !
Anyway I have had a look at numbers based on last results/figures , expenditure , cash flow etc.
I think HUM are OK for cash in the coming months. They need to get production sorted though. However I do not forecast any panic measures or dilution short term. Just my views, do your own research .
We should know more this week in their update.
Bushy Baby,
which one am I ?
A Clown or a Clueless Troll ? Please advise.
If you ignore me then I will assume that I am neither and therefore must be a one of the good people in here posting decent research with source material to back it up . As you stated in your last post !
Question Bushy Baby - Have you "run the numbers" ? How long do you think the company can run on the current production/costs before needing further cash ? Please confirm your decent research results here - thank you .
Secondly - Do you see a fund raise coming with the company issuing more shares (dilution) ??? If so, when and at what price. Normally these are issued at a discount to the current share price. Do you think new shares could be issued for 5p ?
Thoughts please, oh wise one !
Now that Iran has proved it can and will hit Israel will a warhead. Even though only a few got through, it must be truly worrying for the Israel government. Which is why I expect Israel to strike inside Iran and hit their Uranium enrichment plants. Israel has to ensure its survival and one way to do this, is by destroying Iran's nuclear capability.
Iran no doubt will attack Israel again. Sadly, I think a war is beginning.
Will Russia be helping Iran, like the US does Israel ? I can't see Putin not sticking his nose in, maybe by the back door.
Worrying times.
The clue about people is often in their chosen avatar.
I tend to trust posters judgement who use their own name or choose a bland avatar, like the month of the year etc.
Posters who use weird avatars normally can be assessed on these choices.
Example;
The Shareminator = likes to present himself as the big macho trader with big bucks. A know it all. But in reality invests a few hundred here and there and is underwater on his investments. A dreamer !
BushyTailed = another dreamer , the clue is in the name here, oh he who loves animals too.
You see what I mean, the clue is in their name/avatar.
In reality ; They are all dreaming !
Stupid is the one who can't read shareminator or bother to do some research if you are having a pop at another holder here.
David posted recently that he is a holder here, but has given up hope of ever seeing a profit.
Anyway we all have the right to post on any board, holder or not.
Bye the way I'm NOT holding , just watching !
Hummingbird share price closed late on Friday night at $0.0719 which converts to 5.77p. UK equivalent.
Does that mean we have a large share price fall on the open here on Monday ?
Anyone care to comment ?
Why the huge fall in share price over in the US
My bad Charline,
Confusing collars with calls and puts.
Still believe that they should have protected the downside and not had a ceiling on the upside. I think you agree with me, which explains your snappy frustrated sounding reply. How much are you down ?
Don't forget Bushy Baby,
These "Collars" cost money. HUM will have had to pay per oz for the privilege of putting the collar on.
From memory this costs around 4%, so approximately $100 per oz..
They should have hedged the downside and left the upside open . Costs a little more but you really benefit if the commodity spikes.
I think cash will be under pressure, if not exhausted. The longer the wait the more the damage is being done. I expect to see 5p again soon !
Do you agree Bushy?
now bushy is telling us sadly, that he did not go to the mine and sprinkle it with fairy dust.
sadly for those that believed his numbers , and maybe baught shares. he now admits that his posted production and cost numbers were *** packet numbers , maybe written on the *** packet just before he staggered out of the pub.
oh dear, good luck all.