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% 22.00 21.50 22.50 22.00 22.00 22.00 148,460 08:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 91.4 -9.1 -2.3 - 77

Hummingbird Resources Share Discussion Threads

Showing 1976 to 2000 of 9725 messages
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DateSubjectAuthorDiscuss
28/9/2017
18:39
Think it depends what happens around Yanfolila. Once it's up and running and just operating as a conveyer belt, then the BOD may have had time to start developing Liberia - got to do something with all that free cash, or we're going to start getting one hell of a dividend!!
darola
28/9/2017
15:22
zeb Thanks for podcast. Rock solid. I would not be surprised if Liberia was sold at gold in the ground prices.
rickyhatton
28/9/2017
14:48
zhockey re AGG: No Darola, The 50% split relates to the new operating company that will be jointly formed if HUM are happy with DFS. If so they will fund the c. $35m of pre-production CAPEX. The Mali gov will have a free carried 10% of the Op Co and has the option to buy in for another 10%. I assume they will have 20% of NewCo. The split in NewCo would appear to be quite separate from the 20% (plus warrants) held in AGG itself. But much can happen in the intervening period and HUM might well go in for more. We will have to see. Chip
chipperfrd
28/9/2017
14:32
Not sure if these numbers include our 20% holding in AAG. Which I presume means we get 20% of their 50%? So really 60/40
darola
28/9/2017
14:17
Like it. No dilution. CAPEX from free cash flow in 2019 to build Conc. plant, which could increase from $70m p.a. to $85m p.a Interestingly once we get to their 20% holding for £4.815m & they are happy with DFS outcome, they will create in 2019 a new J.V. company putting in the assets with AGG owned 50% each. 25,000/30,000 ozs attributable gold. Looks very well thought out. Bert is enthusiastic & knows his numbers.
plasybryn
28/9/2017
13:28
Chip, are you buying AGG?
zhockey
28/9/2017
13:12
YUP AGREED Charles, oops not sure why caps was on,......looking forward to this driving through 40p and onwards, thanks for calcs above to all, looks a great addition IMO and market will begin to wake up to that fact....DYOR
qs99
28/9/2017
13:04
Looks like someone hoovering up sells at anything below 35.5p today.
charles clore
28/9/2017
12:56
Thank you chipperfrd. I'd be interested to follow the process of your assessment of the impact on NPV, if you feel you can post it on here.
bishan bedi
28/9/2017
12:49
If the AISC is same as current, that 20k oz share adds circa $12m to HUM coffers.
darola
28/9/2017
12:25
Bisan bedi, I think it is clear from the announcement that Kobada will only be developed for mining, crushing, pre-conc and gravity conc. Any further processing would duplicate what is available at Yanfilila and would require much more complexity and additional CAPEX and OPEX. HUM have 120 days for full due diligence and may yet decide to pull out. But clearly Kobada provides additional optionality and will likely provide a further boost to the overall NPV/IRR of Yanfilia. I hope to try and assess this aspect as soon as I have a bit more time. Chip
chipperfrd
28/9/2017
12:25
Tiny bit of dilution for the second tranche of shares if they go through with the deal but only an extra 2pct
catsick
28/9/2017
12:21
No dilution, paid for out of production.
zeberdie
28/9/2017
12:19
11 mins Bert speaking on kobada hxxps://www.voxmarkets.co.uk/blogs/ascent-resources-ast-hummingbird-resources-hum-alba-mineral-resources-alba-blenheim-natural-resources-bnr-chris-bailey-on-imb-tui-sspg/
zeberdie
28/9/2017
11:41
Thank you Chipperfrd, and thank you for doing the next part of my calculation for me! May I inquire as to why you are so confident in the Kaboda process being performed up to the gravity concentrator? It makes sense to me if only in terms of the volume reduction being greatest to that point (and consequent trucking being minimalised), but I am always keen to learn. Best
bishan bedi
28/9/2017
11:36
I am only part way through working through the details of this new development and I am now baby sitting. However, it appears pretty clear that the Kobada processing would only consist of the processing up to the output of the gravity concentrator. That appears to provide c. 5% of the original ore mass. At the reserve grade of 1.25g/t and with recovery to the gravity conc being c. 82%, that would imply a conc grade of c. 20.5 g/t gold (c. 26.4 oz of contained gold per 40t truck). Grinding and CIL processing would then be carried out at Yanifolila with the conc from Kobada being fed in at the grinding stage. If the target for Kobada throughput is to be 50,000 oz/annum, then the first pass through these numbers infer c. 10 return truck trips per day. Assuming the Mali government buy into their full 20% free carry, HUM would eventually benefit from 40% x 50,000 ~ 20koz of gold sales once they have fully recovered their pre-production CAPEX in Kobada. Chip
chipperfrd
28/9/2017
11:27
Http://www.stockhouse.com/companies/bullboard?symbol=v.agg
westmoreland lad
28/9/2017
11:11
A question for any process engineers who might be out there. I am interested in these sorts of things. Up to what point would the ore be processed at the Koabada site before being trucked over to Yanfolila? The gravity concentration stage? Thanks in advance
bishan bedi
28/9/2017
09:49
hxxp://www.stockhouse.com/companies/bullboard?symbol=v.agg
zeberdie
28/9/2017
09:18
I can't see the latest chart pattern concluding at less than 40p and possibly as much as 43p - and that's before production starts in earnest.
charles clore
28/9/2017
08:46
It is interesting to me that the ore is so easy to concentrate, if they can prove that they can concentrate down to a very high grade it means the plant can run for ever basically as they can bring in concentrated ore from a massive radius, will be interesting to see the capex reduction for doing it this way, could be very significant for the long term being able to operate in this fashion.
catsick
28/9/2017
07:40
Kobada "The 2.2Moz resource stretches over 4km within a larger 12km strike length that has not been properly tested ▪ An additional 30km of shear zone structures have been identified on the property and have yet to be explored Significant resource growth opportunities on the mining and exploration licences. Current resources (4 km strike) only cover 33% of total mineral strike length identified on the Kobada Main Shear Zone"
rickyhatton
28/9/2017
07:21
It makes more sense to me to buy AAG shares and get some discounted HUM stock down the road.
zhockey
28/9/2017
06:59
Go to stockhouse and search for AAG
zhockey
28/9/2017
03:04
Hi zh, can you post the link for the Canadian board? Thanks Some interesting numbers in this piece from 2011. Also indiicates the potential for huge upside, makes me wonder what options HUM have to extend Yanfolila plant above the current 150k? Add in Gonka and they'll either be processing for 20+ years or need to up the throughput. htTp://www.proactiveinvestors.com/companies/news/78597/african-gold-reports-pea-for-kobada-gold-project-90-irr-16273.html
darola
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