RE: Why1 Aug 2023 08:12
Indeed fair comments, even if a bit on the negative side.
For the new investor here is good to read balanced view, but some posters on here talk about the company debit as if the Management as squandered the money in fancy expensive holidays....
Hummingbird debit comes from having funded 2 mines, Yan and Kour, which any minute now will be producing more than 50K/OZ of gold per Quarter.
So this debit, (which can be repaid in little more than 1 year) as been an investment to produce shareholders value.
Is important to specify this, and NOT talk about company debit, as if they spend all the money to pay wages and costs...
If Hummingbird was quoted in the AUX Exchange, it would be double the price if not more from tomorrow, but this is UK investor market. AIM and Uk market in general, is full of short term investor (well lets say gamblers) that would happily jump in on a fairy-tale story of a miner that still has to build a mine, but wouldn't invest in a company that has already build the mine and is about to create investor value.
In short they would invest in a company that is about to borrow heavily, but would stay away from a company that is about to repay the debit, just because the crowd is willy-nilly happy to buy the story, the dream. How many people have bought at the top of a dream and now are stuck at high sp for year.
Also to have a balanced view, remember that Hum till recently has been a 1 trick-pony story.
One single mine started from scratch in Mali, during a coup and Covd-19. I mean when they started Yan, best ASIC around was just below $1000/OZ and POG was averaging $1200/OZ, what profit investors where expecting ??????????????
No I am sorry, people here are too negative, IMO this is a fantastic investment, but if you are not willing to take a bit of a risk for a handsome return, then you should put your money in a bank account.
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