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% 26.00 25.50 26.50 26.50 26.00 26.25 940,693 09:10:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 91.4 -9.1 -2.3 - 91

Hummingbird Resources Share Discussion Threads

Showing 3001 to 3023 of 9225 messages
Chat Pages: Latest  129  128  127  126  125  124  123  122  121  120  119  118  Older
DateSubjectAuthorDiscuss
19/3/2018
16:31
The shareprice reaction doesn't tell any story. In fact, HUM has been holding up better than some goldies who had NO news today.... It is across the board - goldies getting hammered all over.
casual47
19/3/2018
16:27
UKG snap (almost)
sleveen
19/3/2018
16:23
"the amount of high grade ore fed into the mill blend has been steadily increased and the plant is now running close to name-plate capacity with recoveries remaining consistently above design; higher-grade ore continues to be increasingly introduced to the plant." I'll assume that the 4846oz in circuit will always be in circuit,because as the gold is taken from one end it will be replaced by the mill feed at the other end; fair and reasonable? So before the first gold could be poured the circuit had to be loaded with gold before the pour on 19/12/2017. Thus from 19/12/17, only approx 12k oz have been produced despite today's RNS stating " now running close to name-plate capacity with recoveries remaining consistently above design;" Let's hope they get to the 7g/t ore soon.
sleveen
19/3/2018
16:11
Yes indeed. Only have to read back UKGeorge's posts to conclude his agenda.
mother o malley
19/3/2018
15:42
indeed redtrend...
qs99
19/3/2018
15:36
It does, that's what "average" means!
redtrend
19/3/2018
15:02
"In the first 14 days of March, the plant operated at an average of 95% of design throughput and has consistently achieved a gold recovery rate of approximately 96%, which is in excess of design specification." 95 % of design throughput doesn't mean that the 95% is being met 24 hours a day every day. It might only have been reached for say 1 hour at 95% on Friday for the RNS to be accurate.
sleveen
19/3/2018
14:54
UKGeorge - I still think you are being disingenuous. I agree they are all over the place with figures and terminology - someone can contact the company and NOMAD and tell them to get their act together. Feb RNS says production started 7 Dec, and this one says 9 Dec; small things but consistency is all. The key point is the figures show a steadily improving picture which is what you expect at ramp up. The most important part of a ramp up is what is happening NOW which is stated quite explicitly as "In the first 14 days of March, the plant operated at an average of 95% of design throughput and has consistently achieved a gold recovery rate of approximately 96%, which is in excess of design specification." To me this says they are on target to reach commercial production very soon, and that is when the 10,000 oz pm for year one kicks in. The past production is barely relevant.
wassapper
19/3/2018
14:00
Yes and the total of 12koz in 3 months is telling us that we are some way of producing 11koz a month. As is the 6koz in the last month.
ukgeorge
19/3/2018
12:51
In the first 14 days of March, the plant operated at an average of 95% of design throughput and has consistently achieved a gold recovery rate of approximately 96%, which is in excess of design specification. George this is telling us that at 3.35gt they ow running at full commercial rate. Everything before this was ramp up.
zeberdie
19/3/2018
12:34
Hi Sleveen, I think we are on the same page, I am saying total revenue is $15.6M total costs likely around $24M or so. Giving circa negative cash flow of $8M, I had rounded to $10M.
ukgeorge
19/3/2018
12:29
UKG "The company has likely used about $10M of the $30M cash pile they had. My calculation is below. This is assuming monthly costs are in the region of $8M (this is from using AISC $750 x 11koz production (steady state costs). While revenue from 12koz (production to date) at $1300 is $15.6M." Prior to declaring commerciallity, the current costs of production are likely to be equal to the revenue received. Not the AISC. So the cash consumed is substantially more than the $10m you state.
sleveen
19/3/2018
12:18
It's on budget and on-time, as it ramps up production, efficiencies should in theory start coming through as well. They need clearer RNSs I agree with some of the posts above, but this is all heading in the right direction IMO it would appear from the RNSs released to date. DYOR but getting some hard cash and EBITDA numbers around production over the next 2-3 months will help sentiment and therefore valuation....DYOR
qs99
19/3/2018
12:14
Think it is the analysts visit this week...........will be interesting to see their "take" on production progress. That RNS was bit confusing but looks on target for 10k production per month I would have thought.
lasata
19/3/2018
12:01
It's a bit of a push to state the exact cause of share movements. Today's share price drop is in line with most other goldies. E.g. HGM is down slightly more and that is without any news. Randgold, centamin, etc all down.
casual47
19/3/2018
11:56
These results are not great and that is why the share price is down. The company has likely used about $10M of the $30M cash pile they had. My calculation is below. This is assuming monthly costs are in the region of $8M (this is from using AISC $750 x 11koz production (steady state costs). While revenue from 12koz (production to date) at $1300 is $15.6M. In the last month the mine has produced 6koz which is good and likely breakeven. But as the mine needs to do 11koz a month there is still a lot to be done. I think commercial production is at least a month away. What I don't like is stating that they have processed 214.637kt @ 2.66g/t which gives contained gold of 18.4koz. They state 96% recovery, which would be 17.6koz of gold. However production is 12koz. I'm a holder here but I'm not going to be blinkered and me a cheerleader like others are (not so much on this board More the LSE one) Just trying to be a little more balanced
ukgeorge
19/3/2018
11:44
Weakness is across the board today. All goldies I have on my watch list are in the red.
casual47
19/3/2018
11:26
I'll be looking to get involved with HUM come new tax year. The update is positive or at least reassuring they are where they said they'd be...but share price comes off? makes me think I'm missing something... I see UKGeorge's earlier posting on article on Mali government looking again mining codes. Also more likely; gold down $10 in last 24hrs and US$ weakening against the GBP Anything else?
brucey6onus
19/3/2018
10:01
11oz gold in the mid Feb update and 17k oz in mid March update of which 12k oz poured and 5k in circuit. That's a further 6k oz in almost a month. Circa 11koz/mnth to give 130k oz for first full year production. Looks like the first full year will begin in June at the current rate.
sleveen
19/3/2018
09:56
They do not state "produced" they state "recovered". Your misuse of words could also be called disingenuous. Tweets don't really matter. Only RNS' are worthy of any note.
wassapper
19/3/2018
09:48
The company need to clarify these results. They tweeted that 16.8koz had been produced in 14 days. In the RNS it is 16.8koz in total. Alarm bells are starting to ring. Also quoted 16.8koz when 12koz has been poured which is disingenuous.
ukgeorge
19/3/2018
08:59
The news was out on Friday.... hence the rise then, which is a complete disgrace. It is however great news. Commercial production must be imminent. Not sure why they didn't state total production to date.
ukgeorge
19/3/2018
08:20
Indeed. Not sure I get the market but there you go!
qs99
Chat Pages: Latest  129  128  127  126  125  124  123  122  121  120  119  118  Older
Your Recent History
LSE
HUM
Hummingbir..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200218 21:20:06