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NG. I didn't say that, and I'm already in profit, thanks. You're reading what you want to read.
Interesting though, that none of you are prepared to call BT's bluff. I'm quite prepared to believe what he says; he takes a contrary view, that's all. He's prepared to back his words up with cash and, along with me and DB offered to lodge that cash with Frank when we were accused of not being holders.. No takers then, none now. It's a bit spineless to suggest BT doesn't have the money - you have the chance either to take it or humiliate him by calling him out. What's stopping you? He's often accused of being a one-trick pony but what are the rest of you? Your narrative is different, that's all - that the share will come right eventually. You're quite happy to repeat that ad nauseum. Of course, we've had all sorts of more concrete forecasts but there's a lot less certainty now, having in mind that none of them came true. And please don't tell me to go away or sell. I'll make my own decisions. Just object to the Stalinist view here, that if you don't see this only going one way you are a moron or an anal wart.
Some additional information and comment regarding the situation on ADVFN board. I can't pick up the link for some reason but somebody else here might be able to.
Tried another dummy sell of 50,000 shares. No go. Are the MM' s about to drop price again for their mates?
That's good, though full bid is a bit lower now isn't it? I can get full bid of 30p for 50,000 now. Don't think my broker is the problem.
That's good, though full bid is a bit lower now isn't it?
I've just tried dummy sells for 50,000 and 25,000 shares - no dice. Offered 31.001 for 5,000.
I hope you're right but, honestly, I doubt it. If they were taken over now I have to say I'd be content, but this will not strengthen Hummingbird' s hand with either a prospective buyer or the II' s they wish to attract.
Thanks for your insight into the Mali National Guard. I was honestly impressed by last week's RNS about local projects etc. Now I feel duped. This can't have come out of the blue in my opinion. So we've either been misled by Hummingbird or they have not understood the feeling against them. Either way it's not good. Not looking forward to tomorrow.
I'm beginning to think this share is just jinxed.
All wee wee taking aside, I am extremely buoyed up by today's announcements. Not even so much the figures which, impressive as they are, we pretty well knew about, but the commentary on local projects, discussions with the Liberian government, continuing good relations with that in Mali, and some sensible insight into possible future dividend strategy. Also, dare I say it, a direct reference to the SP. I do believe that the potential value here, set against current SP, has made us vulnerable, potentially at least, to a takeover. While 45p would represent a nice return for me, and to a greater or lesser extent to all here, it isn't what I want and I think that's probably true of us all. PR on its own can't be the answer, and it has to have substance. We don't need flannel and we've not been given it, in my view. It's almost like Hummingbird have been looking at this board and trying to address what's niggling some here, and what to me at least has constituted something of an elephant in the room. I'm particularly pleased that they've gone out of their way to thank shareholders and those on the ground in Mali again. I'd expressed a view that the earlier comments about the company no longer being reliant on shareholders (I'm paraphrasing) had made me feel uneasy. The unequivocal comments today have changed my view. I simply think this was a very mature set of announcements, and just what was needed. I genuinely hope it will help to push the SP and reduce our exposure to takeover. As they used to say, "I tips me 'at, and bows according".
Why wait, Jibbo? Take the thirty grand and buy yourself something nice.
Did they really build the pyramids with gold bricks? It says a lot for the honesty of the Egyptian in the street that he's left so much of them standing, rather than weighing them in.
Has nobody told him of the opportunity he has to take 30 grand from three non-shareholders? That sort of money could keep him in earplugs and blindfolded for life. Brad, for info I am 140 years old and won the VC during the Boxer uprising. BT and I train at the same cage-fighting school.
That's thirty thousand quid of easy money for you. I'll agree to lodge my ten grand with FSJ if you'll do the same, if he'd take on the role, and then let him have whatever evidence he asks for. I guess you'd trust his word. Won't speak for BT or DB, but it has to be a steal for you. Are we on?
... seem essentially to remain split between those who feel the share price now is important, and those who feel it will all come good at some future date. What pleases the latter is that the company has pretty well done what it said it would, on time and, as far as we can tell, on budget. Paradoxically, it is this apparent success that causes the most puzzlement among those who feel the share price should be more reflective of what Hummingbird seem to have done. That we are all shareholders is I think a given. The accusation levelled by some that anyone who feels inclined to question what is happening is simply a mischief maker with no personal stake is really just the reaction of someone who can't stand their entrenched view to be questioned. For the record, I'll replicate DB' s offer to wager �10,000 with anyone here that I am a shareholder. In fact, I believe I hold more shares (some in my wife's ISA admittedly) than any member of the Hummingbird BOD. I think most posters here know which side of the fence I sit. I'm no de-ramper but I'm concerned and frankly disheartened by how things are going. A large number of shares changed hands at a significant discount recently. I expressed my slight unease at this at the time. I believe some of those shares may have been traded to the detriment of the private investors on this board. Certainly, at the very least, that opportunity was handed to the purchasers of those shares. The continued selling, whoever it is by, has had the inevitable effect on the SP. Then we come to the now accepted sage advice on this board that patience will be its own reward. Perhaps it will suffice to remind those sages that this view was not always the prevailing one hereabouts. We've even had the suggestion that anyone who thinks an SP prediction is worth anything is off beam. It wasn't always seen that way, was it? You don't need a long memory to think back to a time when it was all the rage on this board, and there were few caveats about not taking those predictions seriously. The comment made, by Dan as I recall, to the effect that they no longer needed to rely on shareholders, struck me at the time as inept and ungrateful, but not sinister. Now I'm not so sure. It begins to feel like a bit of a warning that we, the private investors, should not expect too much, as the BOD would now be calling the shots exclusively. My reasoning to support this? Discounted share sale, clear SP manipulation ( vehemently disputed here, but seemingly now accepted as a fact), in which the Hummingbird BOD has to be to some extent complicit in my view, and the appointment to the BOD of a man with strong connections to a potential buyer. All my view of course, but I won't apologise for holding it. I see a predicted increase in the gold price is now being mooted as the next trigger for the SP to rise. Well, increases in recent months haven't done it, so we'll see. I have my own concerns this share may be being ramped rather than
Hi Evsta. Of all the commentators here it was your towering intellect i was most fearful of battling. How is the chubby, by the way?
You're missing the point BT. The aim is not to make money as a shareholder. It is to predict a rise in the SP only for it to fall. How else would you measure success you poor fool? To understand all is to know all.
I'm going to take my seatbelt off for the moment and await next surge in due course. Hopefully forward rather than back.
Why would the sale be so heavily discounted? Of course it's a big buy, but at today's nominal buy price of 35p for Joe Public, the buyer has effectively been given over �180,000. I'm not entirely comfortable with that.