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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% 20.80 20.50 21.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 118.3 7.1 1.2 18.9 74

Hummingbird Resources Share Discussion Threads

Showing 8026 to 8049 of 14775 messages
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DateSubjectAuthorDiscuss
23/8/2019
13:33
I agree. But after this share price being 39p before "mine completion on time and on budget" in July 2016 to where it is today, no one in their right mind could call this a "shrewd investment" could they? Me included. The share price was 26p three years ago in August 2016 when this was just a hole in the ground (with a liar at the top?) so it could take another two years from today to get back to the dizzy heights of 39p. For a total 4 1/2-5 year investment things are not improving. But of course, it isn't the Ceo or Bod faults is it? But who would you put the blame on? Bad luck, rainy season? And all the time the "management" enjoy their large salaries and share options.
borderterrier1
23/8/2019
13:10
It's not good news, it's not bad news. One couldn't even call it news per se.
redtrend
23/8/2019
12:26
Once again, "good news" produces a negative result on the share price Wake up guys. After almost three years now this is going nowhere. Complete dog.
borderterrier1
23/8/2019
12:21
Lol if the news was that good why are we down, management cant be trusted been so many let downs over the years, hope they can turn a leaf and produce the goods next 12 month we shall see. Just a small holding here just in the blue, fingers crossed gold keeps strong also.
avsome1968
23/8/2019
09:31
Redtrend, might be prudent for them to do a refinance anyway and provide some headroom to take out more debt if needed. Doesn't mean they have to draw it all. An increased LOM, updated R&R and the proven production should unlock financing at much better terms than what they got so far.
casual47
23/8/2019
09:26
Casual - if they hit guidance I don't think they'll even need to use the $10m undrawn facility for working capital. Having said that in the short-term they may dip into it, as Trade Payables is quite elevated at present to work through all the Capex. Funnily enough it's the exact same facility bookworm adamantly stated didn't exist. On refinancing, I don't think any will be needed for Yanfolila alone (again, if they hit guidance). Have no qualms though if they take additional financing out for Cora acquisitions, other M&A or Dugbe.
redtrend
23/8/2019
09:19
Oh dear the usual suspects show up who don't have a clue about accounts or simply intentionally making misleading and false statements. Perhaps ignorance is a defence. As Andrew states liabilities like "lease liabilities" are covered by AISC - it's simply new reporting requirements required by "IFRS 16", on how the books are presented. For HUM it's effectively an upfront snapshot of working capital/ trade payables. Bookworm you honestly have no shame. When Goldibucks recently sold out of JLP (appears to be the only accountant who posted on that thread), you turned on your usual melodrama about losing respect for him and why he was still posting. Low and behold, here you are. Most don't need geography lessons here, but Mali is an incredibly large country. The north is dangerous, central area has regional problems, but is full of UN troops and some inter-regional fighting has given way to cease fires and tentative peace treaties. The south where Bamako and Yanfolila are safe in comparison with no such fighting or security issues. If some were a bit more nuanced with potential negatives, you could raise the issue of potential changes in VAT law in Mali. Such law if enacted though will take time, be fought by the bigger miners and in a gold bull, if HUM get their house in order meeting guidance, it doesn't change the fact HUM is significantly undervalued.
redtrend
23/8/2019
09:14
Thanks for the clarification.
andrewsr
23/8/2019
08:44
Don't see a need for placing as gold production in the next 12 months plus the overdraft facility should be enough. A refinancing would be normal and seems a strong possibility especially when they get the new LOM update.
casual47
23/8/2019
08:08
Sleveen, There's no mention of additional finance required, so DB's statement 'forecasted positive net cash position during 2020' is false according to you, which seems a bit unlikely. Some clarification is needed. Probably some of the current liabilities are included in the AISC (?).
andrewsr
23/8/2019
08:06
Hi Sleveen! I make it that you're right. Not as bad as Avesoro, but still a pretty ugly situation. Hopeless mismanagement from exceedingly greedy and clueless public schoolboys. Best way out would be for the company to put itself up for sale. Mali security situation also steadily worsening. As I'm definitely NOT shorting any gold stocks, even a turkey like this one, given gold is now in a bull market, it's not worth spending any more time on this particular miner. Lots of better ones around.
bookwormrobert
23/8/2019
07:55
Leasing $19 million, partly to finance ball mill. I had thought Coris had offered a loan for the ball mill and that there was also an additional facility of $9 million which was undrawn. Am I right to assume that this $19 million is the alternative finance and that effectively, the overdraft facility has been drawn (contrary to explanations)?
charlieeee
23/8/2019
07:46
Most of the current liabilities will be included in the AISC. So, clearly, no placing or re-financing required.
andrewsr
23/8/2019
07:43
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. So refinancing and a placing alongside needed.
sleveen
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
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