Market's view on Hummingbird
Published on April 2024
- A stock watcher highlighted the troubling historical performance of the company, noting a significant price drop over six years.
- The company is described as being on the brink of turning profitable with a strategic project approaching a critical phase.
- There are criticisms regarding the management’s reluctance to invest personally in the company’s shares, despite its low share prices.
- Concerns are raised about the potential negative impact on the company if a primary contractor leverages their position.
- One stock watcher mentioned the difficulties faced by a contractor that could affect the company’s operations, specifically referencing issues with subcontracting and not meeting contracted obligations.
- There is speculation about the financial strategy of an investor holding a significant stake in the company, considering whether they would support the company during a financial dip.
- There are discussions around the company’s potential as a short-term investment opportunity, with advice to buy low and sell once a particular project reaches commercial production.
- The importance of operational efficiency and proper staffing at mining projects to avoid delays and additional costs is emphasized.
- The necessity for the company to ramp up operations before the rainy season to avoid operational disruptions is pointed out.
- Some watchers express skepticism about the company’s prospects, citing repeated past failures to meet expectations.