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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 3376 to 3398 of 26675 messages
Chat Pages: Latest  143  142  141  140  139  138  137  136  135  134  133  132  Older
DateSubjectAuthorDiscuss
01/6/2018
12:33
errr peterpowell how much would it cost to buy the shares? They don't come for free, it would reduce the cash at bank so although there would be a benefit it would not be the free option you laid out!
utrecht_00
01/6/2018
08:17
Makes a pleasant change from companies wanting authority to add to the shares.
peterpowell21
01/6/2018
08:04
this is very interesting news.

Page 5 - Item 10a:

(a) the maximum number of Ordinary Shares hereby authorised
to be purchased is 70,187,720;
At todays price that would be around 21m pounds.
With only 345m shares, that would then mean there would only be 274,812,280
The market cap is 104,750,000.
So that would give us a share price of 38p
This investment just gets better and better.

peterpowell21
31/5/2018
18:15
Croas - Thanks for the link. A great report that could attract buyers especially as a) the quarterly report can only be weeks away and b) the price is now 2.6p (a 7.8% discount) off the price when the article was written.
charles clore
31/5/2018
13:42
They were braking the law at the end of the day.
This is the trouble today, to many people feeling sorry for the criminals.
Try going to you local bank or supermarket and just helping yourself to the food or the money. In the banks case if you confront the police on the way out you have a very good chance of being shot.

They had a chance to move on and seemed to think they had the right to ignore the law.
Sounds hard but i abide by the law and so do 99% of the people.
They were after all trying to steal our money.

peterpowell21
31/5/2018
13:41
Q2 production is the real number that will get the city interested including AiSC then the start of drilling
croasdalelfc
31/5/2018
13:39
The strategy is laid out here:https://twitter.com/valuethemarkets/status/1002146677447372801?s=21
croasdalelfc
31/5/2018
10:05
Agree, May's production figures would help to support the share price
sleveen
31/5/2018
09:42
Just read the string. I felt the risk in holding HUM had increased following the sad incident - however having read the really useful summaries (thanks) it is business as usual. It is interesting to note the goverment support that HUM have which is a comfort
melody9999
31/5/2018
08:34
hopefully they will announce May's production figure fingers crossed around the 10k oz mark.
ukgeorge
31/5/2018
08:25
Edjge2 - You say you are overloaded? Me too but I can only think that true value must surely be realised here in the short term. The undeniable proof and buying catalyst will be in the production and revenue figures. If observers get up to speed with the story that we have been following for years they will soon realise its a no brainer. Cheap as chips at this price imho.
charles clore
31/5/2018
08:15
Amazing poly, cey and now hum on special offers. Seems gov shot them so HUM future price should resume. 37-30p is quite a drop but if big investor has finished selling and gold perking up a bit with breakout at next FOMC likely will regain 37p.
Broker comment from jimbowen30 may be correct for a change.
Adder came out and now a bit overloaded here.

edjge2
31/5/2018
07:23
Comment on HUM in the Cityam's 'best of the brokers' column:

It has been a dramatic week for Hummingbird Resources, in which three people were killed during ongoing efforts to relocate local miners near the planned site of one of its pits by the National Guard. Brokers at Canaccord Genuity had predicted the government relocation to be a lower transition risk but do not seem to think it will affect operational forecasts as ore feed from another field remained intact and Hummingbird reported that the plant is still running. The broker keeps its target price of 50p and the “buy” rating on its stock.

50p is just the start imo.

jimbowen30
30/5/2018
12:52
I think we are on to a winner with both.
peterpowell21
30/5/2018
12:47
Just need MTL news
sleveen
30/5/2018
12:01
Call me misguided if you like - but I am actually thinking that yesterday's news might even be translated as beneficial to the company and its investors. The action of the Mali Security Forces has given a clear demonstration of the government's commitment to miners, in particular Hummingbird where they have a stake in the company. This might encourage institutions to invest here that might otherwise be sitting on the fence for political reasons.
charles clore
30/5/2018
11:33
sleveen

That kind of thing happens all the time in Africa.
We only heard because it had to be reported because of AIM rules.
This will be back to 33p in a few days.
I thought it was madness people selling on that news.

peterpowell21
30/5/2018
09:55
double post...
ukgeorge
30/5/2018
09:55
Nice summary
From share price Angel
Company News

Hummingbird Resources (HUM LN) 30.5p, Mkt Cap £107m – Three killed in security incident at Komana West deposit

• The Malian National Guard has informed Hummingbird Resources of three fatalities of which two were Malian nationals following protests at the new Komana West site.
• The protests were organised by small a number of local people to disrupt initial site preparation works.
• Komana West is an extension to the 107,000ozpa Yanfolila gold project in Mali and sits within the mining permit around 20km from the process plant.
• ‘In recent days, a limited number of people in the local area have disputed the Company's plan, previously agreed with local community leaders, the Government of Mali's Ministry of Mines and local government, to extend mining operations within the Company's permit area to the Komana West deposit,’ the announcement reads.
• The Company understands the group of people acted ‘unilaterally’ trying to disrupt site preparation works for mining operations at Komana West.
• ‘The Company has been informed by the Malian National Guard that while upholding the rule of law, requested of them by the Government of Mali, a security incident occurred... very regrettably, we have been informed that this incident has led to the loss of at least three lives (two of which are believed not to be Malian nationals),’ the Company reported.
• All employees of the Company and contractors are said to be safe and processing plant continued to operate.

Conclusion: The Company highlighted actions of the involved group of people have not been supported by local community leaders and authorities and likely represents an isolated incident. The Company has been continuously and closely engaged with local communities during development and start of production stages of operation making sure the 'social license' is in place.

Mali has long been known as a mining friendly country with a hugely supportive government which is keen to create jobs and tax revenues. This is the first time we or our contacts have heard of a serious security incident involving locals on a mine in the region.

It is possible that tensions may have risen through a combination of hunger due to the observance of a religious festival coinciding with the end of the Mali dry season when land is being prepared for new crops.

ukgeorge
30/5/2018
08:54
Holding up well. There were very large buys yesterday prior to the RNS. Looks to me like II loading up.
casual47
30/5/2018
08:49
Plas - I have been filling my boots this morning under 30p. Never thought I would see another opportunity like this but sometimes fortune smiles on us in the most unexpected way.
charles clore
30/5/2018
08:44
A big thank you to James if he reads this B.B. I saw his comments on Twitter.
And of course an even bigger thank you to Bert Monroe who is so approachable and supportive of us private investors.
Its a shock for everyone.
I do think the share price will recover.

plasybryn
30/5/2018
08:36
I was fortunate to sell at 33p a few weeks ago and also bough back this am.

I don't think the Mali incident is a major issue.

sleveen
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