Hummingbird Resources Share Discussion Threads

[goldendigger] 04/10/2016 17:46

A bit anoying that the share price seems to drop last thing quite often.

[substp] 30/9/2016 07:46

June 2nd

"The 31,103,425 new ordinary shares to be issued to Lindine Inc. will be issued against an undertaking to either pay US$10,000,000 (i) to a mining contractor nominated by the Company for pre-mining and construction works and / or mining activities required for the Yanfolila Project, or (ii) to the Company on or before 31 December 2016, whichever is earlier."

Is it time to pay up?

[substp] 29/9/2016 08:53

Maybe things aren't what they seem...

Interesting to note that 4 days after the GM vote on the Placing and Subscription (Shares admitted to AIM on the 21st) the UK had their Brexit Vote (23rd) and on the 24th the pound started its slide and the £/$ rate went from $1.48 to todays $1.30.

I figure they would have to sell their shares @ 24.7p to break even today.

There are many companies that pulled out of the UK shares because of the vote. You have to wonder.

The good news is that we already have their money that is earmarked for Yanfolila. They only have @10 million shares or less to get rid of. Hope any catalytic good news (senior debt and start on major construction) won't come until after they've finished.

:-)

[au24] 28/9/2016 10:25

Keeping an eye out here. Read the Mail's buy rec last week.

[charlieeee] 20/9/2016 18:29

Unlikely to be a rollover: usually within the spread, low end. Apart from any thing else, only 4 shareholders have declared interests of this no. of shares or above.

I thought it might be the last 26p placing, a negotiated transfer,but that was only 11m shares not 15m (though they could have added subsequently).

So, looking forward to TR-1 (s) holding shortly, or a cancelled error (the latter being unlikely).

C

[charles clore] 20/9/2016 18:14

Chip - you may be right. For a rollover the price of that balancing trade would have to be very close to 26p

[chipperfrd] 20/9/2016 17:51

The old cynic in me is expecting to see a corresponding late trade go through over the next few days that would indicate the 15m being a rollover.

[charles clore] 20/9/2016 17:31

Seems odd that a 15m buy only manages to raise the price by around 10%

[divmad] 20/9/2016 17:25

So, two TR-1 holding RNSs tomorrow then.

[laptop15] 20/9/2016 16:50

Looks like a huge 15 million buy.... Must be some good news on its way here!!! Lots of activity the last 2 days....very interesting....I smell a leak. The article certainly got some attention too :))

[gaaston] 19/9/2016 20:27

Indeed James. I think this stock is one to safely recommend to an aunt and still be in her will....

[aim999] 19/9/2016 13:21

Interim results due this week.... Also the funding can't be far off, as is the merger of non core assets.....

[charles clore] 19/9/2016 13:18

Is the herd waking up to this? Its about time!

[laptop15] 19/9/2016 11:22

Great article guys!! Looks very cheap compared to the price back in 2010-2011 with lots going on....agreements/funding being made etc. Could even hit 100-150p in a few years or less!!

[pixi] 19/9/2016 08:31

spoole, thanks for posting.

[petebreeze37] 19/9/2016 08:27

As I thought, they've bumped the price up on the back of the 'mail on sunday' article. rightly or wrongly, I'm holding off buying more until sometime in the new year.

[pixi] 15/9/2016 21:30

Laptop, maybe after they decide not to raise interest rates next week?

[laptop15] 15/9/2016 21:09

Sooner or later HUM is going to gather moment and push away from the 20's altogether.... surely it can't be much longer languishing at this price! I remember Berkeley energia a uranium miner was stuck in the early 20's for months and then it took off now in mid 40's. It's at a similar production stage to HUM.

[pixi] 15/9/2016 21:05

I like this management team: they have avoided diluting shares and appear very professional in their approach to business.

I have been very selective in my purchases for Round Two of the bull market for precious metals and own: HOC, PAF, HUM and AAZ in order of value. All recent acquisitions. I also bought bullion gold today.

[chipperfrd] 13/9/2016 02:05

vatnabrekk,

Thank you for the link to which I had not been aware of.

I note that Monro makes the point that the US$35m will provide working capital, so they are looking beyond the immediate Yani project Capex requirement and are seeking the establishment of a facility for possible drawdown if and when additional cash might be required for expansion or other company enhancement purposes.

The interview does pre-date the US$3.8m private placing announced on the 12th August and there has also been an announcement regarding the possible joint venture with Kola regarding the new Cora pool of exploration assets.

Putting it all together it would seem that HUM feel that they are on a bit of a roll and wish to maximise their potential in W.Africa now that they have secured finance for the Yanfolila build.

If and when they secure this new debt facility it will be interesting to see whether the Taurus loan gets extinguished. I must admit that this would appear to be a likely outcome. Alternatively, could Taurus be in the running to supply the facilty. I guess we will soon find out.
Chip