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
  +1.00p +2.65% 38.75p 38.00p 39.50p 38.75p 37.75p 37.75p 1,107,163 11:00:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.8 -2.9 - 133.59

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Date Time Title Posts
18/11/201707:46Hummingbird Resources2,109
27/4/201712:28Glenwick-
25/4/201701:42HUMMINGBIRD RESOURCES - multi asset gold company39
20/4/201709:08New Website1
02/3/201508:52Pleased to see great results from HUM today...-

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DateSubject
18/11/2017
08:20
Hummingbird Daily Update: Hummingbird is listed in the Mining sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird was 37.75p.
Hummingbird has a 4 week average price of 36p and a 12 week average price of 31.25p.
The 1 year high share price is 40p while the 1 year low share price is currently 16p.
There are currently 344,741,250 shares in issue and the average daily traded volume is 383,904 shares. The market capitalisation of Hummingbird is £133,587,234.38.
06/11/2017
17:23
charles clore: 40p might be a tough nut to crack right now but I am sure it will happen very soon. I can't see a miner producing up to 150k oz gold p.a. with a very low aisc and mc at 1.8 - 2x projected earnings staying under £150m valuation for very long. It all hinges around the success of the first 3 months production imho. If everything goes to plan we could be looking at a doubling of the share price by early next year. HUM will be presenting to Proactive on 16th and I think the market reaction will be very positive as I think this one is still below the radar of most mining investors but probably not for much longer. DYOR and see what you think.
16/10/2017
15:42
rickyhatton: 1. The AGG deal is effectively a "free" acquisition of 1m+++ oz gold to HUM. AGG get an uneconomical stand alone project going nowhere into production using hums capex and mine, and retain 50% of Kobada, with initial 30% of net cash flow. AGG are given a bit of cash to fund the DFS. And permission to issue a few more shares to fund the DFS, if necessary, with hums contribution capped at next to nothing. The real hum contribution is the returnable capex, but not kicking in until 2019, so as hum have said, no dilution to shareholders. 2. Hum pays net cash (premium above value of current AGG SP) of CD$1.2m for 40m AGG shares Hum pays net (premium in hum shares above current SP) CD$1.47m for 49m AGG shares (Hum have 40m (protection) warrants valid for 36 months that will likely not need to be exercised and have guarantee that it will be repaid through cash flow even if they have to be exercised) AGG fund DFS (this is capped to cost Hum an additional net max of CD$0.33m buying AGG shares above current share price to maintain 20% interest in AGG) So total net cost to hum is only $CDN3m ( this net cost could go up or down depending on AGG share price) 3. Hum fund up to $35m (?us or cdn) of capex all returned through 70% of net cash flow, then reverting to 50% of net cash flow 4. Hum get 50% of Kobada's 2.2m gold oz. ( 40% if government take 10%) Stonking deal for hum, giving major longevity of production, and increased production through concentration plant feeding ore at circa 20g/t
09/10/2017
07:34
jimbowen30: I don't see gold falling much from this level. It's range bound at the moment, but it will be north of $1400 next year imo and I'm being conservative. HUM just needs to keep on delivering operationally and I think we'll see the share price rise much further in time....
08/8/2017
12:24
ukgeorge: The nice thing about this breakout and reason it should continue is because there should be very few stale longs. This often holds back a price rise in shares as people who have been ubderwater sell into any rise. In the case of Hum the share price at 31p is the highest in 2 years. So anyone holding is likely in profit and as such should be happy. There is obviously still risk, so taking some profits is not completely irrational but as has often been discussed if HUM can continue to deliver on the schedule a reasonably higher share price can be expected as the whole project and company is de-risked.
16/6/2017
16:23
bookwormrobert: 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.
12/6/2017
07:25
charles clore: gilotron - that article by Peter Arendas, written in October 2016 is very succincly summarised as follows: Summary Hummingbird's fully financed Yanfolila gold mine should get into production by the end of 2017. The bigger Dugbe mine could be up and running by 2020. The ongoing DFS should improve the economics of the Dugbe mine notably. The share markets should start to re-rate Hummingbird from an explorer to a producer in the second half of 2017. Hummingbird's share price has the potential to grow by more than 500% by 2020, even if the current gold price prevails. ...ends As far as I can everything is on track. A 5 bagger by 2020 sounds pretty good to me.
08/6/2017
08:17
mirabeau: Takeover or partial from ASO? : thanks to Stevie Blunder on the ASO thread and then today's Shares mag with a buy rec on ASO: 'Stevie Blunder 3 Jun '17 - 10:32 - 75 of 78 2 0 I had missed this interview with the CFO from 11 May https://www.brrmedia.co.uk/broadcasts/591422c1acf7373d40e38916/avesoro-resources-q1-2017-financial-results Worth a listen, he talks as if he is also speaking on behalf of Avesoro Holdings the vehicle which holds the Avesoro Resources shares for the Turkish owners. "considering ...options for consolidating further assets. Avesoro Holdings have mining assets that are outside of the public company at the moment and looking at possible options for adding some of that into the public company and more broadly looking at M&A options.... build ready targets where we can build our construction capability to bear.......... Currently across Avesoro Holdings production will be 250K oz and we are looking to grow that within the public company to around 500k oz within a couple of years......." It occurs to me that they might be talking to Hummingbird who have the Dugbe deposit in Liberia with a 4.2Moz resource and which is more or less build ready.' - Shares mag: Gold miner is fixed and ready to roar Avesoro Resources is starting to look really interesting after sorting out problems 08 June 2017 Issue: 08 Jun 2017 - Page 13 Gold miner Avesoro Resources (ASO:AIM) appears to have fixed its operational and financial pressures and now has an ambition to run a series of mines producing a combined 500,000 ounces of gold a year. Buy the shares before the broader market cottons on to the rebirth of the business and its growth potential. Remember Aureus mining? You may be more familiar with the stock under its previous name of Aureus Mining. The company enjoyed success with gold exploration and attracted widespread investor interest as it developed the New Liberty mine in Liberia. Unfortunately the company encountered financial and operational problems as it moved into the production phase. Setbacks ultimately damaged the share price. Turkish group MNG Gold pounced on the opportunity to invest at a low level and bailed out Aureus with a $30m investment in exchange for 55% of the company. A further $60m investment took MNG’s position to 76.6%. This financial injection helped the small cap to end an unfavourable agreement with a mining contractor, pay down a number of creditors and buy equipment. Significant equity dilution was the price long-standing shareholders had to pay to keep the business afloat. The company now has a heavyweight backer and chairman in the form of Mehmet Gunal, the founder of MNG Gold (now called Avesoro Holdings) and owner of Turkish infrastructure conglomerate MNG Group. The first of several deals? Avesoro is in talks to acquire two of MNG’s three gold mines, being Youga and Balogo in Burkina Faso. It also hopes to buy another ‘build-ready’ gold project in the next year or so. MNG already had plans to have a listed gold business, so using Avesoro as the quoted vehicle makes more sense given it is already on the stock market. Youga and Balogo are expected to produce between 100,000 and 110,000 ounces of gold this year. In contrast, New Liberty is forecast to produce 90,000 to 100,000 ounces in the same period. Share price catalysts Second quarter results in August may not be outstanding as the company is still making improvements to New Liberty. We’re told the third quarter results should show healthier cash flow. Investors may have to be patient as the broader market may want to see a few more quarters of solid production before turning positive on the stock. Avesoro is confident it can reduce operating costs below the original plan for New Liberty. A revised life of mine plan in late 2017 will enable analysts to update their financial models and hopefully put a much higher valuation on the business. (DC) Avesoro Resources (ASO:AIM) 2.7p Stop loss: 1.5p Market value: £143.8m
07/6/2017
15:44
bookwormrobert: I just thought it would be worth posting this key paragraph from the recent annual report: 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.
25/4/2017
01:42
noirua: The loan book is a drag on the HUM share price as well as waiting to late 2017 for the first gold dore pour. There is a bottom reversal signal on the candlestick chart which is encouraging. HUM however has been reluctant to move out of the near 12 month sideways movement positively.
16/11/2016
20:09
bsharman3: Isn't it ironic that the HUM share price doesn't rise when the gold price rises but falls when the gold price falls..
Hummingbird share price data is direct from the London Stock Exchange
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