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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% 22.00 21.00 22.50 0.00 0.00 - 0.00 07:42:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 91.4 -9.1 -2.3 - 77

Hummingbird Resources Share Discussion Threads

Showing 2901 to 2922 of 9750 messages
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DateSubjectAuthorDiscuss
01/3/2018
12:36
Hi chip, any views or interest in Kefi Minerals
bostanli
01/3/2018
12:31
UKGeorge, I disagree re commissioning being the most risky time! Given that only c. 1 exploration company in a 1,000 gets to production, I would place the odds of failure for an explo outfit as far higher than one that has raised cash and is in development. Such companies tend to be rare beasts indeed! True that all manner of teething problems may arise but if all aspects of the planning has been correct then, all other things being equal, they should have a real opportunity to reward stakeholders. No guarantees of course. Poor management or an adverse political/national backdrop might well break the best of projects (ie look at ACA in Tanzania!). But these are risks that ought to be well understood by investors in the sector. At least reaching cash flow ought to reduce the likelihood of failure compared to the early-phase outfits that have to rely totally on equity raising to try and bring a new project up to a bankable level. Frankly, back in 2013, I took the decision to almost totally stick to producers. Exceptions were MARL (because of the fantastic grades) and a bit later on HUM (because of their specific story). I have also added a few Condor along the way because of their explo results. But it is certainly not a sector for the faint-hearted. Chip
chipperfrd
01/3/2018
10:59
anyone here have any opinion on GFM where I have again taken a small holding during recent crash
bubloo
01/3/2018
10:58
Lurker Your comments much appreciated. further to your posting i have researched a bit further into HUM AS I HAVE A SMALL HOLDING BOUGHT AT 33 PENCE recently. I do not think much value has been attributed to dugbe and cora. I see that anglopacific have a royalty stream on dugbe and it appears that they may have lent 15 million about three years ago. the guys at anglopacific appear to know their business well. so based on my research I am happy with my purchase and see a further upside of atleast 75% to 100 % based on projected EPS and cash flows. their aisc is around 693 for the life of mine and I am sure the will improve their resource to reserves and Cora holding may come as a surprise
bubloo
01/3/2018
09:09
lurker, Your comments appear to be primarily concerning brokers, presumably because of their target setting. Personally, I take little notice of targets set by anyone, especially the sell side of the market. I have generated cash flow models for dozens of companies in the resource sector but NONE of the underlying data used was sourced from brokers. Ideally I obtain Full Technical Feasibility Reports written by 3rd party independent competent bodies, or otherwise settle for summarised bankable studies issued by the companies themselves. In many cases this work has resulted in NOT becoming invested for one reason or another. But for the rest, the original models have provided a substantive baseline for monitoring and adjustment as projects turn into cash generation (or not as the case may be). Clearly, my own models have also allowed me to test NPV/IRR statements made by the companies involved, hence my earlier comment about "sanity checking". We all have to do our own DD. Mine was very positive for HUM, yours clearly was not. So be it! Chip
chipperfrd
01/3/2018
01:28
lurker - and you live up to your name apparently, not being invested! Interesting article, but it's for peeps who have all day to read and write them... The CEO's interview was more pertinent IMO, and the chart says a lot. I'll hold out for 50p at least, then check.
napoleon 14th
28/2/2018
22:41
Lurker5, Thanks for taking the time to reply, was just interested to know the source as I could not find it. I was not commenting on the credibility of brokers, however my opinion fwiw is that they are part of the finance industry, which in the main part is to move wealth from the outsiders to the insiders. What do you think of the counter arguments for NPV being 48p? I personally found your post useful
return_of_the_apeman
28/2/2018
22:12
1) Apeman The newsletter mentioned 'Mining Opportunities Guide' has never been available on-line. It was circulated via the Institutional subscription platforms like Factset to thousands of international institutions. It had a much better track record and was considered more thorough, objective, and accurate than most broker notes - which if you've been involved in institutional research as the author has over 40 yrs, you will know are always biassed. 2) Chip You misunderstand what I've written. NPV used by brokers is that in the relevant feasibility study ie is after capex and nothing to do with the owning company's share structure. What I am saying is that broker 'targets' are almost always stated as that NPV 'per the owners' shares in issue when he writes his note', which is almost always before the capex is raised (or part raised)- after which the extra shares will dilute his 'target'. Practically all brokers do it. A few, more honest, will make a stab at shares to be issued and therefore at dilution. 3) UKG - yes , your English must be pretty bad. 4) bublo the cash flows are taken from HUM's updated presentation mid 2017 which (as far as I can see) takes no account of the Coris loan. The full 2016 6 monthly feasibility study figures back that up. Having said that, many miners don't let investors see the full figures (or they don't read them very thoroughly) 5) Chip I don't know where you get your facts but practically all the hundreds of consultants' feasibility studies that I have examined over the last 12 years will use anything between 5 - 12% - but in developing countries for commodity mining will use. the higher end. My statement re never finding a co that met its NPV target was based on examining over 70 companies in the 2011 boom and noting that most didn't met their share price targets even at a 12% discount rate. Having said that, I don't mind anyone having a different opinion - provided backed up with obvious knowledge about NPVs and some maths. My own opinion is based on following HUM closely (and all BB posts and opinions) since early 2015 - although have never invested in it.
lurker5
28/2/2018
15:28
No mention of upside from inferred (being proven) resources or Cora.
darola
28/2/2018
13:26
bubloo, re the cash flow: the loan is already baked into the NPV as a -ve cash flow in year -1. The posted diatribe effectively counts it twice.
chipperfrd
28/2/2018
12:51
clear miscalculation in that article. after highlighting all the other miscalculations of broker and analyst forecasts, the source of article has got cash flows wrong he says $ 260 million net cash generated by 2025. pay of the coris loan of $ 60 leaves $200. 80% of which is $160 and not $115 as the article says. so as per his own calculations it equates to 48 p per share the above assumption I have made is based on gold at $1300. if gold goes higher and Hum brings the 1 million indicated resources outside present mine plan then we can imagine the numbers. so I am sceptical about the above article and its intention.
bubloo
28/2/2018
11:32
As we head into March, I would expect an announcement of breakeven/commerciallity soon.
sleveen
28/2/2018
10:51
My English is pretty bad but whoever wrote that clearly needed a very good editor and proof reader.
ukgeorge
28/2/2018
10:35
Lurker5, Why don't you name the source of that bearish piece? Frankly I take issue with much of it and find it incorrect in many areas. In my own experience, I have found that most NPV targets are conservative over time but serve as a useful 'sanity check' for projects in development. The author keeps repeating 12% as a discount rate yet I have never encountered such a rate being applied over the last 20 years. Why would they in such a low interest/inflation environment. The author appears to misunderstand what is actually factored into a DCF/NPV calculations because he/she states that further CAPEX would be added after the event, thus diluting the end result. When in reality all such pre-production outflows are already part of the cash flow calculations. However, all views are welcomed and it is up to every investor to carry out their own due diligence. And, of course, in the final analysis the company has to actually deliver on their project. Chip
chipperfrd
28/2/2018
10:34
Lurker5, have you got a link to that article? I have been unable to find it online Tia
return_of_the_apeman
28/2/2018
09:49
Quite right Catsick, bulls need to be brave and step up to buy or else support at 32.5p could be tested which could lead to 26p in short order. Volume is woefully low
return_of_the_apeman
28/2/2018
09:39
Ive been chipping away buying more, this will come good in the end, Its worth having a look at the TSX listed Endeavour as a comparison as it owns most of the other mines in the area and would probably snap up Yanfolila at these prices, they own the close by Hounde mine which is basically twice the size of Yanfolilla and comparable in most other respects, It has also just reached commercial production and sold a 2% royalty stream on produced gold at the mine for 45mio usd which is a crazy high valuation, the market for these royalty streams is very strong and may be a good way for hum to fund the liberia project in part ....
catsick
28/2/2018
08:08
Yesterday sell volume > 500k, buys < 100k. Until the seller has gone unfortunately looks like this will drift. Fml
return_of_the_apeman
27/2/2018
21:02
Until we are in commercial production and a quarter or two of cost below $900/oz these are risky. Yes they haven't put a foot wrong but so many have failed at this last hurdle.
ukgeorge
27/2/2018
20:09
very odd share price performance....I agree...
qs99
27/2/2018
20:00
It is fkin irritating, but remain buoyant while there is loads of good news to come. Remember we are still a 'speculative' buy. Once we are a proven entity - with formal cash rich accounts it will be a different story....
darola
27/2/2018
19:08
Highly predictable, not crazy.
zhockey
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