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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% 31.50 30.00 30.50 31.25 30.25 31.25 916,862 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 118.3 7.1 1.2 27.4 113

Hummingbird Resources Share Discussion Threads

Showing 8001 to 8025 of 12925 messages
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DateSubjectAuthorDiscuss
23/8/2019
07:39
andrew net current liabilities of $92m v net current assets $30m = $60m current liabilities +$10m G&A/interest. so $70m to find but cash generation from ops only $36m (@ 65k oz * $550 and that's generous) The clue is in the word CURRENT, those need to be paid in the next 12 months of which most will be within 6 months. net debt is a useful metric but also includes longer term debt (ie more than 12 months)and it should be used with other metrics to gain an overall picture of the financials. GL
sleveen
23/8/2019
07:29
'Cash of US$8m and net debt of US$43m at end of Period, keeping the Company on track for forecasted positive net cash position during 2020'. '3,500ozs of gold inventory worth approx. US$5m at end of Period Undrawn US$10m overdraft facility in place' Clearly, no placing or refinancing required.
andrewsr
23/8/2019
07:22
Totally agree with you sleveen, market not too impressed either, Hum also working through the rainy season this Q hope its not as 2018.
avsome1968
23/8/2019
07:02
Negative current liabilities of $60m., + $10m in G&A and interest. Cash generated by 60k oz @ 500 op profit in H2 = $30m. Going to need a refinancing and a placing alongside that.
sleveen
23/8/2019
06:52
H1-2019 financials out... 51,273 Ounces produced H1 AISC 1135 (Q1-1297/Q2-998) POG 1304 H1 margin 169/Oz USD 8M net debt 43M Cash USD 8M Target net cash positive in 2020 Solid progress and our Q3 Ounces will be closer to 30,000 Ounces, the AISC nearer 900/Oz and the margin nearer 600/Oz 3.5 times EBITDA over Q2 and we will swing into profit at last in this quarter..
avsome1968
23/8/2019
06:49
H1-2019 financials out... 51,273 Ounces produced H1 AISC 1135 (Q1-1297/Q2-998) POG 1304 H1 margin 169/Oz Net debt 43M Cash USD 8M USD 2M a month debt reduction Target net cash positive in 2020 Q3 production will be closer to 30,000 Ounces Q3 AISC nearer 900/Oz - Q4 nearer 850 Margin nearer c600/Oz H2 EBITDA should be 3-4 times H1 and we will swing into profit this Q.. Solid progress at last..
laurence llewelyn binliner
23/8/2019
06:21
Wakey wakey humburgers??? Are these what you expected?
le0nard
22/8/2019
12:18
I suspect Bert will be far more interested in his Chicken Chow Mein than bothering to address these legitimate questions from you guys. Don't forget over the last few years since "mine completion on time and on budget" they have all been raised before to no avail. Don't forget also that a gold mine is a hole in the ground with a liar at the top. Now perhaps you get my drift? Or rather, in this case, perhaps you don't.
borderterrier1
22/8/2019
08:36
Here's a question, fsj, if you feel comfortable asking it, or a version of it Would the company, should the exercising criteria not be met this year, and noting investors disquiet at the granting of 1p options, consider an increased exercise price if the options are carried forward yet again?
bo doodak
22/8/2019
07:41
Yes, by and large fair points. Redtrends nuanced points are more reflective of my position. I just wasn't sure they'd be taken up so didn't want to write that much. However, who knows I might need to find a home for a large sum sometime soon. So here goes... I don't mind 1p options if they're for a large OVER delivery. Not delivery of guidance. Your salary is for guidance. I do mind though if it's too large a % of the company. All in all I think the options were far too generous on their terms, size and price. That is more the point, and yes as has been pointed out (and I agree ironically by someone invested in another company that has done exactly the same) trust is the most important measure that is destroyed by overly generous rewards. If I feel management wins despite shareholders losing I won't invest and that is what was portrayed by those options.
jbravo2
22/8/2019
07:21
Fair points and noted :)
fsjamescampbell
22/8/2019
04:46
Having said all that HUM need to listen to its shareholders and potential investors on how the Options were presented and constructed. It goes back to an earlier point I had: "A separate discussion is whether the Qty of shares offered is too generous and/ or the performance criteria too loose (i.e. is it based on meeting guidance or is it based on exceeding targets which should be basis of any performance bonus)." I raised this previously direct with HUM and so I feel FSJ and others should also raise it when they meet Bert.
redtrend
22/8/2019
04:35
Biggles - it's a rather strange position to take when Ariana did the exact same thing but worse few years back. It was the main reason I sold out of Ariana, as they gifted themselves abundant overly generous options at a time they were diluting shareholders to high heaven! Betts himself nearly has circa 1.5% of HUM in equity irrespective of any options, so his interests are certainly aligned with shareholders. The performance options are a bonus, instead of a monetary cash bonus - they are not just for the directors, but staff. The performance criteria were set at the higher thresholds of guidance and AISC. They missed the target last year as is well known so no options, will miss the AISC of $800 this year and struggle to meet the guidance of 120,000 Oz. If they somehow managed to hit the performance options guidance which means they need to produce 68,727 Oz for 2H 2019 (34,364 Oz per Quarter), it would be an amazing result for shareholders and the HUM team would certainly deserve the release of 1/3 of the options. When HUM are more flush with cash, they can perform share buybacks and keep some shares in Treasury for Options, thereby avoiding any dilution. At $1,500 gold, if HUM continues to be this undervalued share buybacks is far more potent and powerful than dividends. The most balanced post I've seen on the Options is from Casual on the HUM moderated board in response to one of my posts (posts 731 and 734).
redtrend
21/8/2019
20:55
But unfortunately, after being here for over 2 1/2 years it is obvious now that the priority for the Ceo and Bod is the Ceo and Bod. Luckily I don't need the money I have invested here and I will hang on indefinitely until this makes or breaks. Other investors, Golden Bull for example, are not so fortunate.
borderterrier1
21/8/2019
20:15
Don't get me wrong I do think this has legs and if I was in I'd stay in but at some point there will be a point where the directors have a deal which favours them more than paying shareholders. I do feel this company has potential but because of options issue I won't invest.
bigglesbingham
21/8/2019
19:34
bigglesbingham My sentiments entirely. Look at the 10 year chart here, it's an absolute disaster. I wish I had never invested.
borderterrier1
21/8/2019
19:05
I have to say that's the reason I didn't invest here. It's down to trust, How can you trust directors who gift themselves part of the company so blatantly. My real problem with this is the fact you don't know what they are going to do in the future at the detriment of paying shareholders. They've shown their hand . The company may well produce according to predictions or even excel but the fact that the directors are out for themselves rather than the shareholder is off putting. I hope it works out for shareholders here and I watch the share and boards closely but I can't get past the issuance/gifting of options. I won't post again and wish you all luck.
bigglesbingham
21/8/2019
14:03
At last!!! An potential investor, (jbravo2) that knows what he's talking about! And Fsj, at your meeting with Bert what do you think he will tell you? More glowing reports about how swimmingly everything is going? Come on. Wake up.
borderterrier1
21/8/2019
07:37
@fsj Serious statement and associated question. I realise this has been a contentious issue on this board (quite rightly) but I'd like him to address this. This stopped me investing in the company a while ago. I'd be interested in his answer. Issuing options at 1 penny shows a lack of understanding of, and alignment with, shareholders interests. Shareholders gain when the price goes up. (No dividends here yet). Options priced at 1p are 1000's of % in the money even with the poor performance shown over the last couple of years. Does the board regret issuing options at 1 penny?
jbravo2
21/8/2019
07:10
I will make a note of those :)
fsjamescampbell
20/8/2019
13:04
In the mining haven podcast interview with DB on 14 August DB talks about thecplan for 130k+ oz in 2020 and then says "to be conservative let's just say 125k 0z at $850 AISC" And being debt free early in 2021. Generating nearly $90m of EBITDA in 2020 and debt being just $20m by year end 2020. Sees AISC going down "significantly" Also marked change of gear in mining plan about accelerating targeting higher grade underground deposits as they are thus far judged overall no more expensive to mine. No doubt he sees rapid improvement ... but knows that it still has to be delivered. But DB cautiously but confidently upbeat about the forthcoming performance.
rickyhatton
20/8/2019
12:44
Three questions from me:- 1. When is the share price going to move N? 2. Is the installation of third ballmill "on time and on budget"? 3. Does Golden Bull drink too much?
borderterrier1
20/8/2019
12:30
How's the new wall holding up & is production on schedule during this rainy season?
oohrogerpalmer
20/8/2019
12:11
If they were approached by a buyer - would the board have a price in mind at which they would recommend accepting the offer? and how's the weather been in Mali?
toinifinity
20/8/2019
11:51
How are the hippos getting on?
new_buyer
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