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Hummingbird Share Discussion Threads
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|Out of domestic facing stocks and in dollar earners, commodities being an obvious example. But there have been numerous special situation stocks over the last couple of months, domestic or otherwise. Not meant to be an 'I'm a clever boy' post, i'm merely trying to point out that if you put in the work, there are rewards out there.|
|Great to hear. What sectors have you been in?|
|andysand,sorry to disagree,the market has been absolutely booming if you've been in the right sectors.|
|Hey laptop, you're hiding on here I see. I posted AUE the other day asking if you ever acted on my tip after you asked for a heads up on good prospects.
Please tell me you did.
Edit: although your posting history suggests not actually.
|My mistake. Was supposed to be posted to the KEFI board. But the second question is still valid.|
|I don't see any good news in today's RNS. Actually, I see even more a danger of a placing. Slightly off topic, I have been in cash for nearly 2 months now but watching the market closely. It seems to me that very little is going up. Very much a churning market. Does anyone see things differently?|
|Jeesh... the MMs desperate to make a market here on these low volumes.... good news here soon I hope before they completely lose the upward momentum on the share price .. :-(|
|Was referring to the work they have done for companies in Africa.|
|Give us a clue? :/|
|I couldn't find anything about Hum|
|A must see.....:-)
|I just topped up with 5k as well, roll on higher gold prices|
|I poured some concrete myself and bought another 25,000 this morning!|
You have to compare this with Kefi, which continually purports to have debt funding and that has been shown to be an ongoing charade.
The figures here are certainly good enough to support debt repayment, but such finance is just not on offer: looking at all the issues arising for the "big" miners, many under crushing debt burdens (given commodity prices across the board)one can see why lenders have become cautious.
Unlike Kefi, accepting that situation, raising equity and moving forward to production has to be better than multiple placings to stand still.
At the end of the day, once the cash rolls in (as it should do at the margins given here) there are lots of options: dividends, new projects funded from profits and even reversing the dilution with share buy backs. In this climate, it looks as if management (probably reluctantly)have taken the only route possible to go from cash negative to cash generation.
Today's RNS was welcome: all reassurance that the job is progressing and nothing wrong with building up goodwill in the community.
|Tempted to move some money from other miners into this stock, all of my gold shares have done well bar this one and given the progress over the past year I feel it's due a re-rate|
|The new videos are good.|
"We continue to believe that securing the debt finance portion of the project finance for Yanfolila remains the next key milestone for the company — We have estimated that the company’s total financing requirement (including the capex and working capital requirement for Yanfolila, other corporate costs and the repayment of the Taurus facility) could be around US$110m. We expect that the debt requirement could be around US$40-50m."
|I can see both sides of the argument re financing, as a long term shareholder, longer than most of you. When I came on board Hum, the Taurus loan facility was deemed to be the way to go, until for reasons unbeknownst to us PIs, the refinancing dragged on and on, leaving Hum with little alternative but to equity finance the construction process at Yanfolia. Folk weren't complaining of that arrangement back then, nor would they if a longer term debt finance arrangement had been secured. With a 70% irr or thereabouts, Hum could easily afford to take on some longer term production based debt but instead went for a massive equity dilution. I'm not saying it was a bad thing, as the dilution was not severe, but the after effects of that large placing are still being felt in the share price Yanfolia can easily absorb some production based loan arrangement, is my opinion. Still, I expect the share price to reflect the onset of production late next year, assuming construction hoes to plan.|
|I'm not buying either, most of my money is now on HOC and AAZ.|
|Laptop - I have quite enough already bought at almost half today's price thank you!|
|Agreed Charles, it will come good here especially when we get into the new year and closer to production :)) plus it gives u the chance to buy more while you wait without the fear of a heavily discounted placing.Still think we will be 60-70p minimum when we start production guys! I remember BKY had similar flat share price at 21-23p for a good few months now it's 50p and looking strong. Once we break through 30p it will continue upwards! Plus news will help get rid of the overhang.Good luck to all|
|Gold up to $1271.|
|Divmad - would you rather have a debt agreement that bleeds the company of cash with high interest repayments and inflexible deadlines? That route to finance can be just as damaging as an equity arrangement. With HUM being potentially a mid tier producer its just a question of time and patience.|
|Other miners dilute the hell out of the share price with constant placings.|
|Hum made a big mistake going for so much in equity and not in debt.|