Member Info for Mostyn

**Publican, not Pelican. Auto correct! Apologies

The problem Pelican is that many investors here are longer term and have been burnt by 'jam tomorrow' promises and missed guidance. I certainly hope you are right though, but once bitten twice shy prevails a bit so I think people are waiting for more certainty. The list of issues they have had to overcome is biblical!, but it's never been the BOD's fault though.

Thanks peeps, if only HUM responded that quickly 😂.

I can't hide it, I expect more from Dan and the board, given what they are paying themselves.

I just hope there are no more nasty surprises for once. Let's have an RNS that only has good news. It'll be a long shot for HUM, but it is possible.

I've been looking through HUM's financials but can't see how much the BOD pay themselves, particularly Dan.

I can see 'other administrative expenses' at $11,791,00 for 2022.

Can anyone offer any insight?

Many Thanks

One thing I really know is that Dan Betts has been leading the charge through all the issues and missed guidance. He and his family have a large number of shares, but how many more delays and disappointments should he be allowed to lead??

I would hope this will be his year to either make it or give someone else a chance to lead Hummingbird.

I've been in for years and my average is 28p.

That's what I was thinking....will the buyback program just power the SP through divi dates?!! I gave up trying to predict Lloyds a long time ago.

Will the buybacks prop up the SP post divi or do people think it will drop by at least 1.84p?? Opinions on this would be greatly appreciated.

Just under a month to Ex-Divi

I'm in the same boat. significantly under water. On paper the products and the collaborations look good, but have we all been used to finance someone's personal play thing?

I didn't take part in the retail offer because I think it will keep dropping below the offer price. Thankfully i only speculated a little in this company.

Going off last year, we could have the 1st Quarter trading statement by mid April. The SP might increase in the meantime as people speculate/know production is in the right direction.

Whatever the weather, I am happy the SP is going up.

Such a shame I couldn't top up at 8.5p.

GLA

I've been here a long time and sit well under water (28p ave). I was hoping HUM would stay depressed until April when I can sell another holding I have post divi and really reduce my average here. I don't think much of Dan Betts, but I really think HUM could and should multi-bag given all the ingredients.

I'm not sure this SP will be under 15pnby April if the 1st Q production figures are what they expect!

GLA either way

With the SP likely to hold under 50p we will hopefully see sub 60 billions shares in issue when the current buyback is completed. I know many would have preferred the additional dividend value, but a combination of the divi and buyback should reward investors.

I am researching the car loans debacle and there are a lot of people who actually got favourable interest rates. It will muddy the waters for the FCA and I think remediation will not be decided in September, but drag out for a much longer period. I don't think the banking sector will be held out to dry like PPI for various reasons.

They will need the cash from the warrants or they will need another raise/cash injection.

Chip design is not cheap. Bringing to production sucks up more money.

They are being pumped IMO.

I'm on the phone to FCA now. I am so annoyed.....

Went to ASDA and bought a mars bar for 65p, thought that was OK, but then I saw the same chocolate bar in Tesco for 50p. How dare they.

Then I went into Jewson's and the 5 builders in front of me all paid a different price for the same sized bit of wood!!!!

Unbelievable... I mean everybody knew what the prices were and accepted them, but why shouldn't we all have compensation anyway.

😉

This company has great potential. A huge pipeline of product innovation and patent development and significant in-house manufacturing capacity.

A point that people havent really discussed is the strengthening of management running the day to day mining operation in Yanfolila.

Was this necessary because the mine was losing efficiency and the grade?
It would take a couple of Q's to get things back on track?

@the_shareminator,

Thanks for your response. I actually see the SP as a buying opportunity. I'm long in HUM. 1 of my biggest holdings, but I have also traded it. It might slip a bit more, but I have been adding.

Dan's interview with TimBlythe was finally a bit of honest clarity. Whether you liked what he had to say or not, it's besides the point. My annoyance with the BOD has been lack of transparency on costs and AISC. I feel he scratched the surface, but in 16min we got some good info. I would welcome a lot more. Perhaps a detailed investor presentation open to questions.

To be fair, the company has achieved a lot of what it stated it would: Diversified multiple assets in sole production (Yan, Karr) , partnership (dugbe) and investment (cora, Bunker). Pay off debts/become cash flow positive.

Real life events:- extreme weather, wall collapses, roads, bridges washed away, ebola in neighbouring areas, artisenal miner unrest/shootings by army, COVID!, military coup, border closures, whilst operating in Africa.

And to think they've bought the land, built the mine, dug it up and paid the debts off within acceptable forecasts and budgets, you have to give the BOD credit.

UNFORTUNATELY they've let themselves down and lost the trust of many retail investors through poor communication and lack of detail in the past. They know this and I hope they will continue to improve it, but trust is hard to restore.

As for the gold price it could go as low as $1600 but I think it'll get white line fever at $2000. I'm conservative. Biden/US will have a big influence. But with so much uncertainty, animosity and hostility in the world, gold will be a popular safe haven.
I appreciate others will feel different and understand the negativity but I have confidence.

All in my opinion, all the best
Mostyn

Great posts shareminator. Thanks for your breakdown. If you don't mind me asking, what's your view on SP direction and are you holding?

Regards
Mostyn

I spoke to sustainable capital, they are in profit and I wanted to find out about their plans and if they were selling down completely. But they would not give me any insight (to be expected) but pointed me to recent RNS's indicating a pattern ??

They have altered the dates of the Q4 release over the last few years so they are not delaying results. But I would hope they are out by the end of next week

I've been watching this for a couple of months and have got my buy in price. Great company going forward. Massive potential