Hummingbird Resources Share Discussion Threads

[qs99] 23/6/2017 08:50

thanks, useful update. Cautiously optimistic isn't a bad place for directors to be IMO

[rileyma] 23/6/2017 08:40

Look over on iii

[qs99] 22/6/2017 22:13

anyone attend AGM>?

[fsawatcher] 22/6/2017 21:49

pala sellin as well innit

not jus lindin

[new_buyer] 22/6/2017 21:42

Let's damn well hope so!

[bookwormrobert] 22/6/2017 20:33

Large sell of about 580K reported after hours. The last of Lindine? And the last of the cheap shares?

[zhockey] 22/6/2017 08:41

Yes, but today is today and the market is the market

[bookwormrobert] 21/6/2017 19:09

zhockey - really? Hummingbird will throw off 20p per share of free cash flow in its first year of operations; do you even understand what that means?

4seaproblem - yes, the lack of real-time trading information (for most AIM shares, not just Hummingbird) is incredibly frustrating.

[zhockey] 21/6/2017 17:21

Dropping as expected, will it retest 16p?

[4seeaproblem] 21/6/2017 16:26

Yes, I will buy more if it goes below 26p again.

The problem I have is that since Friday, I cannot see any real-time trades due to a LSE problem (I think) and its making me very wary.

[qs99] 21/6/2017 16:23

yup, maybe that last sub 3% amount....

[bookwormrobert] 21/6/2017 16:00

Right now it looks like Lindine still have a few more shares to sell by June 30th and we have temporarily run out of buyers. If the MMs drop the asking price a little more, I'll put in more money.

[darola] 20/6/2017 16:10

Yep. Just offered 27.4 via Hargreaves L where the sell is shown as 26.5

[new_buyer] 20/6/2017 15:36

More than just this site not updating, not since Friday COP.

[bookwormrobert] 20/6/2017 15:08

I've just done a dummy buy and sell - it seems the "real" price for this share is 27.4 to sell / 27.7 to buy right now. No idea why this website isn't updating.

[stevenb3] 18/6/2017 20:49

Thanks Divmad.

[divmad] 18/6/2017 20:02

Yanfolia is 200 miles to the South of the capital. The problems are in the North of the country.

[stevenb3] 18/6/2017 19:22

Seen this gunmen attack outside the capital city in Mali? I assume this shouldn't affect Hummingbird?

[dozey3] 16/6/2017 21:03

Its a binary bet. If all goes well and it does what it says it will this year then the price will more than double: if big snags arise it will more than halve. Not for widows and orphans but as part of a diversified portfolio well worth a portion. IMO of course.

[mirabeau] 16/6/2017 18:47

Z, you're becoming a bore. Go and annoy someone else

[darola] 16/6/2017 18:46

As I've said. This will climb quite heavily in anticipation of the first production and if that is as positive as promised then it will seriously rerate. Shares are about risk reward calculations, go and buy bonds if you're not interested in transformational profits, personally Ill risk 2 or 3 duds for the odd one that flys, and the others that only achieve 30%!!

Thanks to PRSM and G4M I'm up 26% this year, don't get that in bonds!! And expect HUM and IQE to take me even further in to the blue. With Fundsmith and SMT providing my broader foundation it's going quite well, but I remain scared of failure and that's what keeps you on your toes! Sys1 and IDP have been the duds in the barrel due to bad timing..

Good luck all.... although this is not about luck, it's about delivering on sound engineering and mining principles backed by some solid geology.

[charles clore] 16/6/2017 17:54

Robert - that is a very poignant reminder of the exceptional position this company is in. And people should take that on board before shouting 'overvalued' or 'beware of over confidence'. Imho, this is not overvalued and I am very confident.

[bookwormrobert] 16/6/2017 17:23

The recent annual report (see Hummingbird's website) is highly recommended reading. Here (again) is a key section from the annual report; it nicely summarises the case for this share.

Trading Performance, Share Price & Value

During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m.

Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p.

This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value.

It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.

[rhuvaal2] 16/6/2017 16:48

I watch with interest but am a passive investor: as in a basket of 5 other PM stocks