Member Info for teo1

Mostyn

The rampers are forcing me to repeat myself....At Hummingbird the future is always bright...the past and present sucks.

Do you know that Betts has 2 mines , since it has given you an update on Kouroussa for July why not mention Yanfolila also?

Hi BPat890,

Avg. mill feed grade X Ore processed divide to 28.35 g/oz at over 90% recovery= gold produced

Yanfolila : Avg. mill feed grade g/t Q2-24 =2.21, Q3-23=1.79, Q4-23=1.66, Q1-24=1.61, Q2-24=1.31......from RNS.

Care to estimate Q3-2024 ????

Jammin 86....you should really hope for a better ore grade ....they are ramping up, they are processing more dirt ....the gold is not there ....yet. Look at 2023 -2024 Yanfolila's ore grade decreasing every single quarter, Kousoussa ramping up since 2022....grade 1.17 g/t , still low grade...it cost more to process the dirt then the gold they extracting . Kouroussa AISC wont be released until it reaches commercial exploration, Hummingbird thinks the end of Q3 will probably be reported in Q4.

This is why the mines are still losing money...Q3 will be a wash lets hope for a better Q4.

HI Lew,

My messages are copy -paste from Q2-2024....

I am glad you noticed it ....it's a lot of ... b#llocks

And:

Yanfolila produced 12,065 oz of gold in Q2-2024 at an All-in Sustaining Cost ("AISC") of US$2,598 per oz.....

Let's not forget :

During the quarter, 12,457 oz of gold was sold at an average realised price of US$2,075 per oz,,,from Q2-2024.....In Q3 due to contract obligations, probably around $2100 oz ..

The POG not helping Hummingbird.

The new ,,Coris Refinancing Package'' means only one thing ....Credit card declined...neither Corica or Cig will advance money to Hummingbird...next placing coming in days....TIC TOC TIC TOC TIC....TOC.

The elephant has left the room????

They stacked $ 25 million on top of $ 160 million +$ 20 million still to be paid to Corica and the company running 2 mines both losing money and running on fumes....screams ruuun Forest .....ruuun

Moving up fast on low volume....wonder why? Pump up before placing? Hmmmm....l

Coris and CIG are just averaging down their losses....for now.

,,Coris Bank is controlled by the same principal as the Company's largest shareholder''

So Nioko Resources, or CIG,major shareholders 42% ....is a branch of Coris.

Until now CIG was more than happy to step in, last year 7 December 2023 of a placement of up to US$30 million, $ 25 million for CIG private placing.....

Coris and CIG not very generous now , most probably in order to get some control back and to raise money for running the mines , Betts needs to do a placing earlier than usual , the ,,Mather of placing ''for at least $ 40 million, it will dilute CIG also.

Not to mention the outstanding $ 20 million owed to Corica .

Hummingbird is still running on fumes ....and getting worse.

Mostyn...most probably the other aliases ...BushyTailed, Anon3, Lew7... any more?

Yep...So do I .....for Q3 circa $ 39.5 milion LOSSES.....the mines are still losing money despite ramping up (Q2 EBITDA $ 13.5 milion losses+$ 10 milion short loan from CIG+ over 10 milion shares issues ).

Gold at the end of Q2 -74 oz (from Q2 RNS), at $ 2075 Hummingbird gold price....$153,550 ...wowww, you are making a compelling case for .....ruuuun Forest ....ruuun.

And Humm had a brilliant Q2 -2024 ...loses of $ 13,500,000+ some sares dilutions here and there ($ 0.500,000 to Cig).

Memory lane......1 H 2023 from Hummingbird RNS

· The terms of the new Group refinancing package of c.US$55 million as detailed above, are at a fixed interest rate of 12% p.a., with the original loans continuing at a fixed interest rate of 8.5% p.a.

· Hummingbird remains focused on strengthening its balance sheet, with scheduled loan repayments of c.US$77 million in FY-2024, c.US$61 million in FY-2025, with the balance c.US$15 million payable by the end of FY-2028.

Most people love to get high on gold prices , gold fever...and to be part of it .

The irony is Humm had sold his gold 12,457 oz at ...$ 2075 oz. (From RNS Q2-2024)

Https://www.lse.co.uk/rns/CGH/cancellation-chaarat-gold-holdings-ltd-y9qtbmvfxlvnxav.html

With CIG or Nioko Resources (West African investment group) very soon as a major share holder I wonder if Hummingbird may have a similar fate as Chaarat Gold.

BPat890 ....From 1 of july -9 of August almost six weeks ...(2 weeks delay on reporting the Q2 results, I wonder why? He desperately needs a morphine pill, maybe )and your numbers are brilliantly plucked ...from a duck's bottom more likely.

Hi Bpat890,

Yah....you may be right ....it's my silver tin foil hat....I can't properly process the morphine pill fed by Betts until the next fix.

Anyhow my estimates are 11-12 000 oz for Kourousa at high AISC due to poor grade dirt mined.

Yep ....the FUTURE is always brilliant at Hummingbird only the present and the past sucks....

Betts is so kind, he had a slip of tongue for beloved investors and released Kourousa results , nobody asked him, 6 weeks into Q3, almost half way in Q3......4800oz if he can double that at the end of Q3 ,on open mine and during raining season, will have 9600 oz .

Lets hope for no RNS tomorrow,Friday.....it will feel like a mockery and an insult ....always on Friday. Fingers crossed.