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
  -0.125p -0.32% 38.75p 38.25p 39.25p 38.875p 38.625p 38.875p 413,557 14:00:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.8 -2.9 - 133.59

Hummingbird Share Discussion Threads

Showing 2276 to 2300 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
21/11/2017
10:34
No worries chaps, just a bit of additional detail around what we already know.
fsjamescampbell
21/11/2017
10:19
fsjc - thanks for posting your report I enjoyed reading it.
charles clore
21/11/2017
10:18
Thanks James, interesting read. Everything does seem too good to be true here... I just pray they pull it off. I have sold some shares in the last few weeks, as I had got near 50% of my portfolio in them and this is a risky period. But now wishing I hadn't :) Bert said commercial production at the end of Q1 in one of the interviews, that is far more important than first gold pour and is when I would be happy to be buying at 50p +
ukgeorge
21/11/2017
09:17
Ok here is the link to the report from the call with Bert yesterday. There is nothing new in there but it is just a bit of finer detail from the RNS and current status, thinking and progress etc.... https://drive.google.com/file/d/16yrGJh8cUUjcmO7p8KFTM8uw9EPzFUxZ/view?usp=sharing
fsjamescampbell
20/11/2017
22:00
Charlee your maths is wrong (or I am missing your point) In situ grades ~ 1g/t, concentrate grades ~ 30g/t, that's a 97% reduction in the bulk. HUM (sadly!) don't have 30g/t It's all in the AGG BFS from memory, or one of the HUM presentations. I forget.
bishan bedi
20/11/2017
20:52
o/t MASSIVE after hours RNS at PREM PREM $1b revenue pot vs £20m cap. small placing of 125m shares at todays close. that will be traded within an hour tomm. ZULU is an absolute monster no doubt about it PREM will go bonkers tomm just Like ZIOC and GGP recently have
timw3
20/11/2017
19:39
Chips From what I could see, I don't think that cat's "dyson like hover cyclone thingy" does concentrate the ore quite as spectacularly as anticipated "the ore is then up to 30g a ton which is worth trucking to Timbuktu" It seems to get rid of about 70% of the bulk which brings the grade up to not dissimilar to their own grades, but with extra costs and some additional capital. Near term, I cannot really see that this deal making much difference, whether it goes ahead or gets cancelled, but thanks for being so generous with your research and I do take your point about exposure to other projects.
charlieeee
20/11/2017
16:34
250k sale at 38.75p keep a lid on any uptick
ukgeorge
20/11/2017
15:35
zhockey -- was this not the post where some were questioning your parentage ? - lol zhockey - 30 Sep 2017 - 05:50:40 - 1877 of 2132 Hummingbird Resources - HUM I still think we'll see the 20s before the 40s but WTFDIK!
westmoreland lad
20/11/2017
15:01
Who was it that called me an idiot for saying 40p would be hard to breach?
zhockey
20/11/2017
14:45
Thanks Mirabeau, not sure I deserve it though, just my opinion!
chipperfrd
20/11/2017
14:43
Presumably a 3m rollover, so neutral.
chipperfrd
20/11/2017
14:35
2 x 3 million at 39
rileyma
20/11/2017
13:08
Chip We are blessed to have someone with your knowledge and insight contributing to this thread Thanks M
mirabeau
20/11/2017
13:04
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
chipperfrd
20/11/2017
11:38
Isn't the long term plan to incorporate more of the indigenous artisan mines into the project? There's a helluva lot of gold to be had out there!
charles clore
20/11/2017
11:26
Well, perhaps the "dyson like hover cyclone thingy" might be better employed at Dugbe, turning that 4 million oz. into ore up to 30g P/T and trucking it to Timbuktu. I would understand, if Yanfolila had only its reserves, but the LOM can be extended by proving up and processing its own, much better grades. However it is done (and heap leaching crossed my mind), taking on low grade ozs. in place of high grade ozs is a contradiction of the whole plan (in which they seem to be prioritizing higher grade in year 1 to maximize early payback).
charlieeee
20/11/2017
11:25
Bert giving an update on proactive today. http://www.proactiveinvestors.co.uk/companies/stocktube/8390/hummingbird-resources-still-on-track-for-first-gold-pour-by-year-end-8390.html
bahiflyer
20/11/2017
11:23
Top banana Ur report last time was the only thing that shifted the share price 👌
rileyma
20/11/2017
11:16
HUM Report being prepared following a phone call with Bert Monro earlier this morning. It mainly covers the finer detail around the RNS and the current / forthcoming commissioning process. I will post a link tomorrow to the report.
fsjamescampbell
20/11/2017
10:43
I think the idea is they crush the ore locally, stick it in a dyson like hover cyclone thingy and the ore is then up to 30g a ton which is worth trucking to Timbuktu ( or actually a lot further as Timbuktu is very close ) if they can prove this works then given there is so much potential within 1000 miles they have a plant with an infinite life and can put in a lot more capex to get a super efficient plant fed from a wide area, solar power etc will become a good idea as cost of electricity will be a major input, with a 8 year mine life its not worth it but 30 years its going to work for sure.
catsick
20/11/2017
09:53
Charleeee, it won't be low grade ore. The company will be installing a concentration plant at the AGG pit and shipping concentrate over. There are modular systems that they can D,top in and use so no full build required either.
zeberdie
20/11/2017
09:45
The valuation of my HUM shares has just dropped to 0.386p, nearly gave me a heart attack. Went from 40% profit to 98.6% loss. Thankfully its mended its self now.
ukgeorge
20/11/2017
09:35
What do you understand about grades,catsick? What capacity of plant would be needed to generate 50K oz at AGG grades (not to mention the costs of trucking low grade ore) and why not prove up and process Hum's own higher grade resources into reserves? Perhaps I am missing something, but even if AGG is for peanuts, it does not necessarily make it a good deal?
charlieeee
20/11/2017
08:54
The agg deal will go ahead, its a good deal for hum as far as I can tell, I dont think hum will really breakout until the mine is commissioned and we get some sort of confirmation of cash costs at that point we should be generating plenty of cash and it will be difficult not to trade a lot higher .
catsick
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