Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird LSE:HUM London Ordinary Share GB00B60BWY28 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 38.00p 37.50p 38.50p 38.375p 38.00p 38.00p 253,128 09:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.8 -2.9 - 131.00

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Date Time Title Posts
11/12/201710:23Hummingbird Resources2,215
27/4/201712:28Glenwick-
25/4/201701:42HUMMINGBIRD RESOURCES - multi asset gold company39
20/4/201709:08New Website1
02/3/201508:52Pleased to see great results from HUM today...-

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16:26:5937.701,795676.72O
16:21:4938.054,2041,599.62O
16:18:3037.9532,60012,371.70O
15:44:2638.0012,9344,914.92O
15:26:1337.701,000377.00O
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Hummingbird (HUM) Top Chat Posts

DateSubject
11/12/2017
08:20
Hummingbird Daily Update: Hummingbird is listed in the Mining sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird was 38p.
Hummingbird has a 4 week average price of 37.38p and a 12 week average price of 32p.
The 1 year high share price is 40p while the 1 year low share price is currently 16p.
There are currently 344,741,250 shares in issue and the average daily traded volume is 740,322 shares. The market capitalisation of Hummingbird is £131,001,675.
02/12/2017
11:50
bookwormrobert: On topic - yep, I agree HUM are the best miner on AIM; at least that I know about. Superb management. In this in a big way and for the long term. Believe that by next Christmas the share price should be somewhere between 100p and 200p. Off topic - I am also following BKY, but I am wary of the green protests against the mine; the protesters are dedicated and I think they will at least manage to delay the project. Also, there's something about the CEO, Paul Atherley, that I don't quite like; a politician's glibness, perhaps. Jim Bowen - thanks for posting the UEC presentation, I'll study. Off topic - If anybody is interested in small rare earth miners, take a look at Rainbow (AIM:RBW). Good resource and management team, but very high political risk (Burundi).
27/11/2017
07:51
jimbowen30: HUM's PR is very good imo. Vox markets, Proactive, regular Rns updates and other channels. What's important is first pour and getting up to the annualised rate of production. Once this happens, the share price will move closer to 100p over the next 12 months. This is a buying opportunity imo.
20/11/2017
13:04
chipperfrd: Charlieeee, The Kobada feasibility was based on an average mined grade of 1.26g/t which is pretty good compared to the global average for open pit mines of c. 0.5g/t. I don't know what the contained grade of the concentrated ore from Kobada is likely to be as it will depend on metallurgical studies which would presumably be part of the eventual DD if the JV goes ahead. But if we assume just 20g/t then a 50t truck would be carrying an ore value of c. US$41.5k at current gold price. After likely contractual transport costs per round trip there would still appear to be a very reasonable cost benefit to the operation. The AGG feasibility came up with an NPV of US$86m (IRR of 43%) of which HUM would benefit from it's 50% attributable. My own rough NPV for the HUM share (assuming the Mali Gov take 10% of NPAT) is US$31.3m (IRR 33%). Which looks like a no-brainer given their small (C$3.6m + C$4.4m in shares) buy-in price - which also gives them a 19.2% exposure to the other AGG assets. The Kobada feasibility Capex was US$45.4m but that would be far smaller if only mining, crushing, milling and concentration is required. HUM would fund the Capex for the JV but would then take 70% of free cash flow until their Capex costs were recovered. Worth mentioning that Kobada is oxidised to depth (up to 120m is quoted) and is largely free dig (ie needs far less blasting) so mining costs are minimised. However, I have not yet seen a binding commitment to proceed (just the LOI) and the offer was conditional on a binding agreement being agreed within 45 days. That expired on 12th November, so perhaps it will not go ahead. If so, I would be pretty sorry to have missed what looks like a great opportunity for both companies. Chip
16/10/2017
15:42
rickyhatton: 1. The AGG deal is effectively a "free" acquisition of 1m+++ oz gold to HUM. AGG get an uneconomical stand alone project going nowhere into production using hums capex and mine, and retain 50% of Kobada, with initial 30% of net cash flow. AGG are given a bit of cash to fund the DFS. And permission to issue a few more shares to fund the DFS, if necessary, with hums contribution capped at next to nothing. The real hum contribution is the returnable capex, but not kicking in until 2019, so as hum have said, no dilution to shareholders. 2. Hum pays net cash (premium above value of current AGG SP) of CD$1.2m for 40m AGG shares Hum pays net (premium in hum shares above current SP) CD$1.47m for 49m AGG shares (Hum have 40m (protection) warrants valid for 36 months that will likely not need to be exercised and have guarantee that it will be repaid through cash flow even if they have to be exercised) AGG fund DFS (this is capped to cost Hum an additional net max of CD$0.33m buying AGG shares above current share price to maintain 20% interest in AGG) So total net cost to hum is only $CDN3m ( this net cost could go up or down depending on AGG share price) 3. Hum fund up to $35m (?us or cdn) of capex all returned through 70% of net cash flow, then reverting to 50% of net cash flow 4. Hum get 50% of Kobada's 2.2m gold oz. ( 40% if government take 10%) Stonking deal for hum, giving major longevity of production, and increased production through concentration plant feeding ore at circa 20g/t
08/8/2017
12:24
ukgeorge: The nice thing about this breakout and reason it should continue is because there should be very few stale longs. This often holds back a price rise in shares as people who have been ubderwater sell into any rise. In the case of Hum the share price at 31p is the highest in 2 years. So anyone holding is likely in profit and as such should be happy. There is obviously still risk, so taking some profits is not completely irrational but as has often been discussed if HUM can continue to deliver on the schedule a reasonably higher share price can be expected as the whole project and company is de-risked.
16/6/2017
16:23
bookwormrobert: The recent annual report (see Hummingbird's website) is highly recommended reading. Here (again) is a key section from the annual report; it nicely summarises the case for this share. Trading Performance, Share Price & Value During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m. Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p. This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value. It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.
08/6/2017
08:17
mirabeau: Takeover or partial from ASO? : thanks to Stevie Blunder on the ASO thread and then today's Shares mag with a buy rec on ASO: 'Stevie Blunder 3 Jun '17 - 10:32 - 75 of 78 2 0 I had missed this interview with the CFO from 11 May https://www.brrmedia.co.uk/broadcasts/591422c1acf7373d40e38916/avesoro-resources-q1-2017-financial-results Worth a listen, he talks as if he is also speaking on behalf of Avesoro Holdings the vehicle which holds the Avesoro Resources shares for the Turkish owners. "considering ...options for consolidating further assets. Avesoro Holdings have mining assets that are outside of the public company at the moment and looking at possible options for adding some of that into the public company and more broadly looking at M&A options.... build ready targets where we can build our construction capability to bear.......... Currently across Avesoro Holdings production will be 250K oz and we are looking to grow that within the public company to around 500k oz within a couple of years......." It occurs to me that they might be talking to Hummingbird who have the Dugbe deposit in Liberia with a 4.2Moz resource and which is more or less build ready.' - Shares mag: Gold miner is fixed and ready to roar Avesoro Resources is starting to look really interesting after sorting out problems 08 June 2017 Issue: 08 Jun 2017 - Page 13 Gold miner Avesoro Resources (ASO:AIM) appears to have fixed its operational and financial pressures and now has an ambition to run a series of mines producing a combined 500,000 ounces of gold a year. Buy the shares before the broader market cottons on to the rebirth of the business and its growth potential. Remember Aureus mining? You may be more familiar with the stock under its previous name of Aureus Mining. The company enjoyed success with gold exploration and attracted widespread investor interest as it developed the New Liberty mine in Liberia. Unfortunately the company encountered financial and operational problems as it moved into the production phase. Setbacks ultimately damaged the share price. Turkish group MNG Gold pounced on the opportunity to invest at a low level and bailed out Aureus with a $30m investment in exchange for 55% of the company. A further $60m investment took MNG’s position to 76.6%. This financial injection helped the small cap to end an unfavourable agreement with a mining contractor, pay down a number of creditors and buy equipment. Significant equity dilution was the price long-standing shareholders had to pay to keep the business afloat. The company now has a heavyweight backer and chairman in the form of Mehmet Gunal, the founder of MNG Gold (now called Avesoro Holdings) and owner of Turkish infrastructure conglomerate MNG Group. The first of several deals? Avesoro is in talks to acquire two of MNG’s three gold mines, being Youga and Balogo in Burkina Faso. It also hopes to buy another ‘build-ready’ gold project in the next year or so. MNG already had plans to have a listed gold business, so using Avesoro as the quoted vehicle makes more sense given it is already on the stock market. Youga and Balogo are expected to produce between 100,000 and 110,000 ounces of gold this year. In contrast, New Liberty is forecast to produce 90,000 to 100,000 ounces in the same period. Share price catalysts Second quarter results in August may not be outstanding as the company is still making improvements to New Liberty. We’re told the third quarter results should show healthier cash flow. Investors may have to be patient as the broader market may want to see a few more quarters of solid production before turning positive on the stock. Avesoro is confident it can reduce operating costs below the original plan for New Liberty. A revised life of mine plan in late 2017 will enable analysts to update their financial models and hopefully put a much higher valuation on the business. (DC) Avesoro Resources (ASO:AIM) 2.7p Stop loss: 1.5p Market value: £143.8m
07/6/2017
15:44
bookwormrobert: I just thought it would be worth posting this key paragraph from the recent annual report: Trading Performance, Share Price & Value During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m. Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p. This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value. It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.
25/4/2017
01:42
noirua: The loan book is a drag on the HUM share price as well as waiting to late 2017 for the first gold dore pour. There is a bottom reversal signal on the candlestick chart which is encouraging. HUM however has been reluctant to move out of the near 12 month sideways movement positively.
16/11/2016
20:09
bsharman3: Isn't it ironic that the HUM share price doesn't rise when the gold price rises but falls when the gold price falls..
Hummingbird share price data is direct from the London Stock Exchange
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