Hummingbird Resources Share Discussion Threads

[peterpowell21] 03/6/2018 11:21

Charles

I did look back before i bought to see if there had been any dilution or anyone paid in shares. I did not see any.
But who is mr griffiths?
thanks.

[charles clore] 02/6/2018 14:33

Peter - I guess there may be a few reasons why shares are being sold. When a miner reaches production they can usually afford to pay their service providers from the current account but before that they might have to pay some of them in shares. On reading the notes to the AR that is what I think could have happened and these service providers do, of course, sell their payment shares. Plus, of course, our old friend Mr Griffiths unloading a few million. He's probably under 3% now so don't expect a TR1. Hopefully soon to be cleared and if the company produces a good quarterly report we can expect a re-rating of the price.

[peterpowell21] 02/6/2018 07:22

Anyone know who seller is that is selling big chunks.
Has this been happening for a while, as the share price seems to be stuck in a range when looking at the news you would have thought it would be rising.
It's not as if there are billions of shares flowting about, only 345m.
Seems the share price is not really being affected by it.
Well apart from holding it back

[ukgeorge] 01/6/2018 17:13

Well hopefully they will give monthly production in an RNS next week and a note saying its all calm at the mine site and business as usual.

The options just really grate. Especially the price. the company share price could go to 5p and they are still on a multibagger.

[casual47] 01/6/2018 16:14

The 1p exercise price options were only for the HIPPO 2018 scheme. As this is an employee incentive scheme they may issue more options under this scheme during the year as they expand the work force but in any case the total number of options will not exceed 5% of issued share capital. Apart from giving select newly joined employees options there will be no more such options for 2018.

I imagine that HIPPO 2019 will have different terms and exercise price.

Apart from this there are no other 1p exercise price options mentioned anywhere else, AFAIK.

From RNS:
The options under HIPPO2018 have been granted over ordinary shares in the Company of £0.01 each ("Shares") and have an exercise price of £0.01 per Share. Subject to the performance criteria being met the respective tranche, under normal circumstances, the options shall vest 50% by 31 March 2019, 25% by 31 December 2019 and 25% by 31 December 2020 subject to continuous employment with the Company:

(a) Production Tranche: 1/3 of the options will vest if 100,000 ounces of gold are poured between 1 April 2018 and 31 December 2018. The number of options vesting under this tranche shall be reduced proportionally at each date by 10% of the total for each 1,000 ounces produced in the period less than the targeted 100,000 ounces (i.e. if production in the period is 90,000 ounces or below then no options of this tranche will vest).

(b) Cost Tranche: 1/3 of the options will only vest if the Yanfolila AISC (as announced by the Company) as normalised for a US$0.6 / litre fuel price and a US$1,250 gold price is equal to or lower than US$750 per ounce sold.

(c) Performance Tranche: 1/3 of the options will vest based on the individual performance of the Participant and the Company's safety performance, which is at the Board's discretion.

[casual47] 01/6/2018 16:02

UKGeorge -- the AGM doc doesn't mention anything about exercise price. So what's actually new since the April options with exercise price of 1p?

[ukgeorge] 01/6/2018 15:47

6.1M were in April 2018. So also not likely a one off.

[charles clore] 01/6/2018 15:22

George - did you happene to notice the year in which those 1p options were granted?

[casual47] 01/6/2018 14:35

UKGeorge, it would be for sure near-criminal if the 1p exercise price options were not a one-off.

But I think they are. I expect more realistically set options in future.

[casual47] 01/6/2018 14:32

It depends on exercise price + time frame

An exercise price at or around the current shareprice would be fair enough for short term options or e.g. if they are meant to count as bonuses for the current year.

For longer term you'd think they could express more faith in the value of the company, e.g. multiples of current shareprice for 3+ year time frames

[ukgeorge] 01/6/2018 14:31

HUM's is at a penny a share which is absolutely ludicrous even for Aim. It is criminal what can be gotten away with.

[bittorrent] 01/6/2018 14:27

UKGeorge, it depends on the exercise price. HZM directors have just awarded themselves options equalling 9.4% of the shares in issue for not much more than the current SP!

[ukgeorge] 01/6/2018 14:10

Sadly it is not all rainbows.


Options to subscribe for up to 19,783,023 Ordinary Shares and
warrants to subscribe for up to 6,786,602 Ordinary Shares have
been granted and are outstanding as at 31 May 2018 representing
approximately 5.64%. of the issued ordinary share capital of the
Company at that date. If the directors were to exercise in full the
power for which they are seeking authority under resolution 9,
the options and warrants outstanding as at 31 May 2018 would
represent approximately 7.05%. of the ordinary share capital
of the Company in issue following such exercise.

[casual47] 01/6/2018 14:05

They should update their PDF tool settings......

Title: Amara Mining AR 2014_Visuals_V.
Author: Adam Knapp

[casual47] 01/6/2018 13:59

Greeat, thanks, Chip.

[ukgeorge] 01/6/2018 13:57

GFM Griffin mining paid their debts of last year and have been buying shares back for a couple of years. If HUM could do similar then we will all be retiring early

[chipperfrd] 01/6/2018 13:53

casual47



see resolution #10

Chip

[peterpowell21] 01/6/2018 13:50

utrecht

Don't knock it, companies in AIM normally add shares, not buy them back.
But no they would not be free,as it says, buy back.
But the fewer share the better.

[casual47] 01/6/2018 13:35

Anyone has a direct link to it? Can't find on the HUM website, ta

[utrecht_00] 01/6/2018 13:33

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!

[peterpowell21] 01/6/2018 09:17

Makes a pleasant change from companies wanting authority to add to the shares.

[peterpowell21] 01/6/2018 09:04

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.

[charles clore] 31/5/2018 19:15

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.

[peterpowell21] 31/5/2018 14:42

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.

[croasdalelfc] 31/5/2018 14:41

Q2 production is the real number that will get the city interested including AiSC then the start of drilling