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Share Name Share Symbol Market Type Share ISIN Share Description
Hummingbird 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
  +0.00p +0.00% 18.25p 18.00p 18.50p 18.25p 18.25p 18.25p 330,647 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.0 -1.1 - 64.21

Hummingbird Share Discussion Threads

Showing 2276 to 2300 of 6625 messages
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DateSubjectAuthorDiscuss
20/11/2017
16:34
250k sale at 38.75p keep a lid on any uptick
ukgeorge
20/11/2017
15:35
zhockey -- was this not the post where some were questioning your parentage ? - lol zhockey - 30 Sep 2017 - 05:50:40 - 1877 of 2132 Hummingbird Resources - HUM I still think we'll see the 20s before the 40s but WTFDIK!
westmoreland lad
20/11/2017
15:01
Who was it that called me an idiot for saying 40p would be hard to breach?
zhockey
20/11/2017
14:45
Thanks Mirabeau, not sure I deserve it though, just my opinion!
chipperfrd
20/11/2017
14:43
Presumably a 3m rollover, so neutral.
chipperfrd
20/11/2017
14:35
2 x 3 million at 39
rileyma
20/11/2017
13:08
Chip We are blessed to have someone with your knowledge and insight contributing to this thread Thanks M
mirabeau
20/11/2017
13:04
Charlieeee, The Kobada feasibility was based on an average mined grade of 1.26g/t which is pretty good compared to the global average for open pit mines of c. 0.5g/t. I don't know what the contained grade of the concentrated ore from Kobada is likely to be as it will depend on metallurgical studies which would presumably be part of the eventual DD if the JV goes ahead. But if we assume just 20g/t then a 50t truck would be carrying an ore value of c. US$41.5k at current gold price. After likely contractual transport costs per round trip there would still appear to be a very reasonable cost benefit to the operation. The AGG feasibility came up with an NPV of US$86m (IRR of 43%) of which HUM would benefit from it's 50% attributable. My own rough NPV for the HUM share (assuming the Mali Gov take 10% of NPAT) is US$31.3m (IRR 33%). Which looks like a no-brainer given their small (C$3.6m + C$4.4m in shares) buy-in price - which also gives them a 19.2% exposure to the other AGG assets. The Kobada feasibility Capex was US$45.4m but that would be far smaller if only mining, crushing, milling and concentration is required. HUM would fund the Capex for the JV but would then take 70% of free cash flow until their Capex costs were recovered. Worth mentioning that Kobada is oxidised to depth (up to 120m is quoted) and is largely free dig (ie needs far less blasting) so mining costs are minimised. However, I have not yet seen a binding commitment to proceed (just the LOI) and the offer was conditional on a binding agreement being agreed within 45 days. That expired on 12th November, so perhaps it will not go ahead. If so, I would be pretty sorry to have missed what looks like a great opportunity for both companies. Chip
chipperfrd
20/11/2017
11:38
Isn't the long term plan to incorporate more of the indigenous artisan mines into the project? There's a helluva lot of gold to be had out there!
charles clore
20/11/2017
11:26
Well, perhaps the "dyson like hover cyclone thingy" might be better employed at Dugbe, turning that 4 million oz. into ore up to 30g P/T and trucking it to Timbuktu. I would understand, if Yanfolila had only its reserves, but the LOM can be extended by proving up and processing its own, much better grades. However it is done (and heap leaching crossed my mind), taking on low grade ozs. in place of high grade ozs is a contradiction of the whole plan (in which they seem to be prioritizing higher grade in year 1 to maximize early payback).
charlieeee
20/11/2017
11:25
Bert giving an update on proactive today. http://www.proactiveinvestors.co.uk/companies/stocktube/8390/hummingbird-resources-still-on-track-for-first-gold-pour-by-year-end-8390.html
bahiflyer
20/11/2017
11:23
Top banana Ur report last time was the only thing that shifted the share price 👌
rileyma
20/11/2017
11:16
HUM Report being prepared following a phone call with Bert Monro earlier this morning. It mainly covers the finer detail around the RNS and the current / forthcoming commissioning process. I will post a link tomorrow to the report.
fsjamescampbell
20/11/2017
10:43
I think the idea is they crush the ore locally, stick it in a dyson like hover cyclone thingy and the ore is then up to 30g a ton which is worth trucking to Timbuktu ( or actually a lot further as Timbuktu is very close ) if they can prove this works then given there is so much potential within 1000 miles they have a plant with an infinite life and can put in a lot more capex to get a super efficient plant fed from a wide area, solar power etc will become a good idea as cost of electricity will be a major input, with a 8 year mine life its not worth it but 30 years its going to work for sure.
catsick
20/11/2017
09:53
Charleeee, it won't be low grade ore. The company will be installing a concentration plant at the AGG pit and shipping concentrate over. There are modular systems that they can D,top in and use so no full build required either.
zeberdie
20/11/2017
09:45
The valuation of my HUM shares has just dropped to 0.386p, nearly gave me a heart attack. Went from 40% profit to 98.6% loss. Thankfully its mended its self now.
ukgeorge
20/11/2017
09:35
What do you understand about grades,catsick? What capacity of plant would be needed to generate 50K oz at AGG grades (not to mention the costs of trucking low grade ore) and why not prove up and process Hum's own higher grade resources into reserves? Perhaps I am missing something, but even if AGG is for peanuts, it does not necessarily make it a good deal?
charlieeee
20/11/2017
08:54
The agg deal will go ahead, its a good deal for hum as far as I can tell, I dont think hum will really breakout until the mine is commissioned and we get some sort of confirmation of cash costs at that point we should be generating plenty of cash and it will be difficult not to trade a lot higher .
catsick
20/11/2017
08:16
Good try everyone - just the one trade. It will break when it wants to and not a moment before
davr0s
20/11/2017
07:47
Excellent news. I particularly like this part: "Everyone from Outotec who was involved in this project, from sales, engineering and execution, is very impressed with the professional manner in which this project has been executed. Hummingbird may be commissioning its first mine, but I believe this is the first of many projects we will execute together." Charles - I would love to see 35p again at some stage for one final chance to back up the truck but it looks increasingly unlikely. Longer term, HUM should be a multibagger.
jimbowen30
20/11/2017
07:40
This thread needs a gold chart embedded into it Excellent progress, on time and hopefully within budget
mirabeau
20/11/2017
07:37
let's hope it pings it into 40s finally
qs99
20/11/2017
07:37
let's hope it pings it into 40s finally
qs99
20/11/2017
07:29
If that RNS doent shake things up theres no hope 👍👍👍 Pog in the 1290s again,,,
rileyma
18/11/2017
07:46
I wonder what happened to the guy on here , Canadian most probably, who was ramping AGG as a cheap back door way into HUM via this proposed deal? Mr Market says the deal might not go ahead, with agg at 5c. It ain't over 'till the Fat Lady sings!
divmad
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