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
  0.00 0.0% 21.25 21.00 21.50 21.25 21.25 21.25 44,569 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 91.4 -9.1 -2.3 - 75

Hummingbird Resources Share Discussion Threads

Showing 2801 to 2825 of 8675 messages
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DateSubjectAuthorDiscuss
09/2/2018
14:42
I have mentioned this before. Very unprofessional to give information to just one or small group of private investors - if they have something to say, then the medium is an rns or via social media.
cockneytrader
09/2/2018
13:21
Plas - thanks for sharing that LSE post. It does seem odd to have a company giving important information to an individual rather than saying it publicly. However, it is credible and, I hope, true. I would like to see it backed up by an RNS or tweeted. We really should be higher than this and perhaps the price is being held down for one of those new institutional buyers from the South African event! Drop much further and I would have to buy more myself!
charles clore
09/2/2018
12:40
That was my thoughts as well.....very price sensitive information
ukgeorge
09/2/2018
12:37
Plasybryn, I would like to believe that post but would Bert really reveal throughput and recovery figures, surely they are price sensitive?
bittorrent
09/2/2018
12:11
Great post on LSE Morning all, it is certainly a frustrating time knowing how amazing the HUM journey has been so far from all the high risk funding to procuring contracts at the right price to commencement of mine / plant construction, commissioning, gold pour, ramping up production and so on........We all had visions of us being in the 40's or even 50's as we neared and then executed gold pour but we have had an ii selling down / derisking. Which actually appears to have alleviated somewhat this week so maybe they are all done and a few positive trading days will see us climb back and restore some faith and momentum, Regardless of all that, i composed an email to Bert last night asking him to outline some positives that could be reported back to the PI's. A really encouraging response came back which i hope will give us all some much needed encouragement. First of all i was just mulling over the operations and i recalled from previous reports from HUM that in the first weeks of production the lower grade stock piles would be used, i think off memory that was in the region of 1.8g/t. As we near nameplate and 100% production the higher grade ore will be fed into the system 3 - 3.5g/t and then the numbers will really begin to fly through. The main element which i found particularly encouraging on the email was that they are currently operating at over 90% throughput and getting 95% recovery (which is better than dfs)! HUM always promised that they would ramp up production by the end of Q1 and they are very much on track! The conference in Cape Town was very encouraging and we could see some new investors coming in over the coming weeks. All in all we are in a dip at the moment, likely due to the recent ii selling, it has hindered the growth of the share price but not the skill, enthusiasm, drive and direction that Hummingbird are heading, i know its a cliche but patience will prevail and the numbers / production target are being met, it is an inevitable rise that we will see as the potential is realised. Maybe this is our cooling off phase following the rise through 2017 as the mine and plant was being successfully built and commissioned. We are probably 6 or so weeks from the end of Q1 and as each week passes more and more gold is produced, sold and cash banked, the numbers cannot lie and we will see the rise as the next few weeks steam on. Sometimes the value of a company and its share price do not work in tandem but as sure as night and day there will come a time when the correction happens and the value will rise, sentiment will be full steam ahead and the company will grow in strength and so will our investment! Keep the faith, top up on the dips and reap the rewards as Africa's newest gold producer ramps up through the gears!
plasybryn
09/2/2018
12:05
And we have a tick-up already, nice. Lots of gold miners seem to be turning a corner today. Fingers crossed it's same for HUM.
casual47
09/2/2018
11:46
low volume, no news, drifting, unless anything underlying has changed that you know about or rumours, then chill time....president opening mid-Feb, ongoing GP above $1,300 should mean plenty of cash for HUM.....hopefully the next Qtr will start to show the earnings potential...DYOR
qs99
09/2/2018
11:41
Need an update RNS soon.
bittorrent
09/2/2018
11:39
the chart doesn't look good. Perhaps we will see 25p again soon...
bsharman3
09/2/2018
11:28
The 15,625 @ 32p was mine. A buy. Nice price.
casual47
09/2/2018
11:23
Well if these drop much more 28p looks likely imo
ukgeorge
08/2/2018
13:39
Why? AISC is based on 107 average production. Weekly costs will be pretty consistent - wages, diesel, 3rd party services etc, why would it cost more than £1.54m a week when not at full production?
darola
08/2/2018
13:05
Darola, once steady state production has been reached then the use of AISC will be appropriate. However, breakeven has not yet been declared so therefore costs must be exceeding revenue currently.
sleveen
08/2/2018
12:57
for those not familiar with AISC --------> Use of the "all-in sustaining costs" (AISC) measure of gold production is on the rise, as it provides a more comprehensive look at costs than the traditional "cash cost" approach. The AISC measure, finalized in June and supported strongly by the World Gold Council, includes other expenses such as general office spending and capital used in mine development and production to create a benchmark of a company's operating efficiency. "The economics of gold mining have not been as well understood as they could be by a broad range of people including governments, communities and even employees,” said Terry Heymann of the WGC. Goldcorp was among the first to alter its reporting standards, doing so at the beginning of 2013. The company's 2013 cash costs were forecast at $525 to $575 per ounce, and all-in sustaining cash costs were $1,000 to $1,100. Earnings reports from some of the other big gold companies indicate an AISC of between $1,200 – $1,400/oz, the Financial Times reports. In some cases AISC has even crept up over $1,400. Barrick recently reported an AISC of $919, very much on the lower end of the AISC spectrum. Goldfields checked in at $1,280/oz and African Barrick was up high at $1,416/oz. Not all are in favour of the new measure, however. Randgold CEO Mark Bristow called the measure irrelevant, pointing out that companies could get away with reporting "positive margins between sales price per ounce of production…yet, because of writedowns or impairments, still register losses."
westmoreland lad
08/2/2018
12:39
If our AISC on 107k a year average is $750, that equates to $1.54m a week in expenses/costs. So we'd need to be producing 1.2k oz a week to break even, or 60% productivity. As we are now above that I expect us to be cash positive.
darola
08/2/2018
12:15
UKG correct. During the ramp up phase the cost of production will be more than the revenue received. Thus being cash flow negative until breakeven is achieved. Thereafter cash flow positive.
sleveen
08/2/2018
12:11
That's why we use an AISC. The above figures are after costs. I'm still sure the bulk of recent spend is contract milestone payments - timed for the end of the build.
darola
08/2/2018
09:55
Producing gold is not free......The mine is likely still cash flow negative.
ukgeorge
08/2/2018
09:51
FCF must be up to a run rate of $5m a month by now.132000/12 x 0.85 x 600 and rounded down to nearest million
croasdalelfc
07/2/2018
21:00
Not enough to cover the balance of building a $100m mine. 7 weeks production is probably worth around $7m to $10m depending on how well ramp up has gone.
darola
07/2/2018
20:22
So would they not have sold any of their gold produced yet?
charles clore
07/2/2018
18:46
Contractors; wages and milestone payments probably....
darola
07/2/2018
18:21
Down to 30m dollars in the bank from 40m around start of production. I wonder where that 10m went?
charles clore
07/2/2018
18:13
Another positive was "have around $30M cash"Mr market is obviously waiting for commercial production and possibly a quarter of low cost production.Which although frustrating is understandable and does create a good opportunity to buy when the milestones are met. Time will tell.
ukgeorge
07/2/2018
16:58
Bert says ramp up in production is all on track . Looking to pay down debt, increase LOM and purchase assets.? https://www.brrmedia.co.uk/broadcasts-embed/5a7aa7b5bdf74b02f4f73844/?popup=true?
croasdalelfc
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