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HUM Hummingbird Resources Plc

6.75
-0.25 (-3.57%)
19 Apr 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
  -0.25 -3.57% 6.75 6.50 7.00 7.10 6.75 7.00 486,628 16:29:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 150.52M -34.28M -0.0569 -1.19 40.63M
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 7p. 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 £40.63 million. Hummingbird Resources has a price to earnings ratio (PE ratio) of -1.19.

Hummingbird Resources Share Discussion Threads

Showing 7226 to 7246 of 27025 messages
Chat Pages: Latest  301  300  299  298  297  296  295  294  293  292  291  290  Older
DateSubjectAuthorDiscuss
01/5/2019
13:51
There is nothing to deramp.
ukgeorge
01/5/2019
11:21
TBTT given up deramping on the LSE site so thought you’d do the same here?
new_buyer
01/5/2019
11:19
I've got to ask, 1SF, what paths, and to what destination?
Liberia is one of the world's most impoverished and corrupt countries.
Dugbe is a very high cost and difficult gold deposit - effectively worthless with the gold price as it is now (or anywhere near it).
The market has reacted with complete indifference to the announcement of the Dugbe MDA. I think quite rightly.
All that should matter for Hummingbird is operating Yanfolila effectively and generating some free cash flow - something that so far their greedy and incompetent management have completely failed to do. Surely, the real question here is can Hummingbird avoid having to raise new equity to strengthen the balance sheet ahead of the rain season?

bookwormrobert
01/5/2019
10:15
Thanks 1SF.
rickyhatton
01/5/2019
09:38
Liberia is about so much more than just gold , it opens up many paths
1smallfry
01/5/2019
09:33
Rickyhatton , Liberian assets are already held by hummingbird Liberia , a subsidiary of hum the 10% the Liberian government get is only in the subsidiary company. So yanfolila is already protected
1smallfry
01/5/2019
08:27
It is postive news! Either for sale, joint venture, development etc of the 4.2m oz. Value enhancing.

One hybrid option is to set up a separate entity or subsidiary, something like how Cora was construed, to develop it, giving existing shareholders full rights in the new company/subsidiary? That protects yanfolilia etc

"with this agreement in place, can now look towards taking the next steps at Dugbe in the best interests of all stakeholders"

rickyhatton
01/5/2019
07:58
Meanwhile,

RNS Number : 6525X Hummingbird Resources PLC 01 May 2019


1 May 2019

Hummingbird Resources plc Mineral Development Agreement with Government of Liberia


Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM), is pleased to announce an update on the 25-year Mineral Development Agreement ("MDA") with the Government of Liberia ("GoL") over a land package of approximately 2,000km2, which includes the Company's 4.2Moz Dugbe Gold Project ("Dugbe").

hydrogen economy
01/5/2019
07:50
Probably the reason that it took so long to agree with GOL the very small signature bonus not a bad thing.
wskill
01/5/2019
07:49
Solid news today! MDA was a big piece of the jigsaw and opens up HUM to a JV with much bigger fish! LOM extension on tha back of this news in a few weeks would be excellent and hopefully mark the start of a revival!
fsjamescampbell
01/5/2019
07:48
Wasn't expecting that now, but what is the potential. No value for this potentially massive asset in the Market Capital. We all need to get our heads around the implications.
plasybryn
01/5/2019
07:35
"Hummingbird Resources plc ("Hummingbird" or the "Company") (AIM: HUM), is pleased to announce an update on the 25-year Mineral Development Agreement ("MDA") with the Government of Liberia ("GoL") over a land package of approximately 2,000km2, which includes the Company's 4.2Moz Dugbe Gold Project ("Dugbe").

The MDA has now been signed with the Government of Libera, attested to by the Minister of Justice, ratified by the National Legislature of the Republic of Liberia, approved into law by the President of the Republic of Liberia and published in handbills signifying the completion of all necessary steps for the MDA to become immediately effective. This will provide the necessary long-term stability and framework for the next steps at Dugbe. The Dugbe MDA is the first gold MDA to be negotiated with the Government of Liberia following a discovery in over 10 years and represents a huge milestone for both the Government and the Company.

Highlights
· 25-year renewable MDA signed with the GoL
· Provides necessary long-term framework for further exploration, feasibility studies, mine development, production and ultimately mine closure
· Initial three-year exploration term, with ability to extend MDA into additional areas with geological continuity
· Flexibility to develop more than one mine and continue exploration on a regional scale
· Fiscal terms include
o Stabilisation of taxes and duties for 15 years (the maximum permitted under Liberian law)
o GoL to be granted a 10% free carried shareholding in the project (HUM's post interest: 90%)
o Royalty of 3%, Income tax rate of 25%
o Initial signature bonus payable to GoL of US$1.5m
o Community development funds to be established in partnership with GoL and the communities."

rickyhatton
01/5/2019
07:26
Bung of 1.5m
russiaguru
01/5/2019
07:23
Very positive news from hum this morning , potentially huge !!
1smallfry
30/4/2019
20:50
Jibbering idiot!
new_buyer
30/4/2019
20:03
To be honest he agrees with me 100%
new_buyer
30/4/2019
20:01
Nothing he’s ever said sgrees with anything you’ve ever said
new_buyer
30/4/2019
17:17
Sands is a numbnuts
new_buyer
30/4/2019
13:47
You are very welcome.
borderterrier1
30/4/2019
13:37
Thanks BT - Your comments are duly noted.
fsjamescampbell
30/4/2019
12:00
Thanks for your vote of confidence in me and your compliment :)
fsjamescampbell
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