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HUM Hummingbird Resources Plc

5.64
-0.06 (-1.05%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird Resources Plc 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
  -0.06 -1.05% 5.64 5.00 5.80 5.45 4.75 4.75 1,662,228 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 150.52M -34.28M -0.0569 -0.95 32.5M
Hummingbird Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird Resources was 5.70p. Over the last year, Hummingbird Resources shares have traded in a share price range of 4.10p to 20.25p.

Hummingbird Resources currently has 601,918,700 shares in issue. The market capitalisation of Hummingbird Resources is £32.50 million. Hummingbird Resources has a price to earnings ratio (PE ratio) of -0.95.

Hummingbird Resources Share Discussion Threads

Showing 26651 to 26673 of 26675 messages
Chat Pages: 1067  1066  1065  1064  1063  1062  1061  1060  1059  1058  1057  1056  Older
DateSubjectAuthorDiscuss
28/3/2024
16:46
:D
More mystical maths

jbravo2
28/3/2024
16:39
Added again at 5.8 sitting on 460k shares now.at 10p average now less than Coris.

Tuesday RNS, everyone has kissed and made up

plat hunter
28/3/2024
15:37
“punt -double your money”

Are you joking? Prat tried that lost half his money, plus fees, leverage losses, and interest 🤣🤣🤣

trader465
28/3/2024
14:31
I wonder if the share price is being held up by PI gamblers who fancy a small punt -double your money if the problem is resolved, lose the stake if it is not?

I am not so sure it is as clear cut as that. Even if operations are got up to speed again, the contractor's claim will not disappear. That will hang over HUM, complicating future borrowing and /or capital raises. I do wonder whether HUM is passed the point of no return, even if the next bed is as good as it hopes. Rather like RMM, where the quality of the asset was not the problem, but the unsustainable burden of its debts. If so, someone will pick up the mines cheap, and quite possibly do well out of them, despite the jurisdictional and operational issues of working them - and exporting the profits!

1knocker
28/3/2024
14:09
That’s because you have your eyes closed, and suffer confirmation bias
trader465
28/3/2024
13:53
backmarker You "invest" to make money, right? As I have repeatedly said, these clowns are taking the pi$$, laughing all the way to the bank at YOUR expense. But I am, and I have always been, the village idiot to most long term investors here. Why? Because the shareholders don't listen. Even now, look at the comments from some. Delusional stupid yellow dog is STILL positive about this.

Price of gold around ALL TIME HIGHS and these clowns have the share price near all time LOWS? WHAT AN ABSOLUTE 4king MESS this is. There should be an immediate investigation here, malpractice, pump and dump etc. but there won't be. It absolutely is NOT Mr. Markets fault. The relevant authorities couldn't give a $hit.

borderterrier1
28/3/2024
13:46
HUM spent good money jointing the Gold Council, have a good ESG record as well as started the SMO gold coins thingy. It seems highly unlikely they would break their contract and try to shaft their main contractor on a whim.

Their ability to manage a gold mine is questionable, but I've seen no evidence ever that they are anything other than above board legally.

temujiin
28/3/2024
12:47
We were so so close to premium high grade gold on the very next blast then the contractor held us for ransom with blackmail. That's HUM rns. Heard it all before
creditcrunchies
28/3/2024
12:17
backmarker "The presumption is that Corica stopped work because they wanted more money".

I don't think either party has said that?


Corica has said they stopped work because HUM have not been paying them for work performed. HUM appear to have confirmed they were not paying Corica but believe they have a contractual right to not pay based on performance. The exact quantum involved is in dispute as well as whether HUM withheld the payments validly. These types of contractual disputes are common and normally handled long before getting to a point where the contractor walks out. If Corica genuinely believe HUM have withheld over $25m of payments without justification, it is easy to see why they downed tools. I don't believe any contractor would continue to operate if they had that level of unpaid invoices.

lowtrawler
28/3/2024
12:11
Honestly, that is a BS RNS with little hard information and the dangled carrot of the 'next blast' leading to commercial production to keep the PIs and traders interested. Right now, delays will be eating remaining cash reserves and may lead to another raise to plug hole. That'll go to CIG (Coris) with the pre-emptive rights. At what price? Doubt it'll be favourable. That is where HUM is. Period.
polaris
28/3/2024
11:34
Don’t bother trader. It’s either fantasy stuff or so small as to be laughable anyway.
jbravo2
28/3/2024
11:25
At this stage I'd be more concerned if the ball mill had failed and they were having to wait for parts, or if the problem was with the Corica workforce which it doesn't appear to be. The presumption is that Corica stopped work because they wanted more money. Perhaps the financial position of HUM and if they control blasting they saw a possibility of squeezing HUM to pay up.While the mining fleets are idle nobody is gaining. It's in everybody's interest to settle and get back to work.
backmarker
28/3/2024
11:07
Prat sweetheart how’s that leveraged 9.2p buy looking petal?

If you lose 50% you need to gain 100% to B/E
If you lose 10% you need to gain just 11% to B/E

If you don’t know how to cut a small loss, you will sooner or later cut a very large loss

trader465
28/3/2024
10:45
POG storming past 2200...
jedi k
28/3/2024
08:56
My thoughts exactly.

Market is behaving like it knows there is another ' all resolved RNS ' next week which of course will bag the share price.

Gold at all time high and can only move higher.

lw425
28/3/2024
08:50
blackhorse the village idiot.
farrugia
28/3/2024
08:25
LLB

Should make for an interesting Q1 update.

Another placing vicar?

sleveen
28/3/2024
08:16
On the way bankrupt
blackhorse23
28/3/2024
08:16
#Sleveen, we will still be running marginal ores through the plant from stock piles plus what the 5th fleet can deliver, but we need to get down just 1 more bench to the higher grades needed..

Sort it out over the weekend and update again, it will get resolved at the cost of a months production, Corica mine Yanfolila too..

laurence llewelyn binliner
28/3/2024
08:15
"discussions with alternative and additional mining contractors"

"Hi can you come and do some mining for us, we have no money and have refused to pay our last contractor......."


"Ummm let me think, no thanks." every mining contractor in west africa

ukgeorge
28/3/2024
08:15
It wouldn't surprise if the contract was fixed price, costs of equipment, labour, fuel all subject to inflation and suddenly the contract is a lot less profitable to the point of walk away?
jp2011
28/3/2024
08:10
So the previous operational update:

"The processing plant continued to perform well and consistently operated at nameplate capacity, running on a 24-hour basis through the quarter. "

...must have been somewhat intermittent to say the least say 24hrs/month?

sleveen
28/3/2024
08:02
Holding RNS as required. Key points

'discussions with Corica, alternative and additional mining contractors, suppliers, and the Company's primary lender, Coris'..... Obv this is what is happening but unfortunately no indication of any progress.

'the supporting mining contractor continues to operate' Good news'
'with the processing plant processing this ore, together with stockpiled material.' Good

'Resolution to the current situation will allow the upcoming blast to proceed'.... Not good, this is a concern, why cant a blast happen with the current working fleet?

Market not placated.

temujiin
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