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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hummingbird Resources Plc | HUM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -2.78% | 8.75 | 15:19:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.00 | 8.75 | 9.05 | 8.75 | 9.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 26/7/2024 12:21 by backmarker Plat, I think we should leave this poor chap in peace.He's clearly been traumatised by his personal experiences of investing in HUM.One moment he feels sorry for all the poor investors in HUM who while doing their due diligence were nevertheless given bad info to work with (and led to their losses)Another moment he is ROFLHAO, ridiculing the fools who invested in HUM.No wonder he thinks he's a dog. |
Posted at 25/7/2024 15:10 by trader465 backmarker - 03 Jul 2020 - 08:46:58 - 2131 of 14507 Hummingbird Resources (moderated) - HUM39-40p could come quickly. HUM has catching up to do. backmarker - 03 Jul 2020 - 08:53:07 - 2134 of 14507 Hummingbird Resources (moderated) - HUM so there could be a good opportunity coming for a little trading in the 35-40 range while HUM consolidates. backmarker - 12 Nov 2020 - 11:06:01 - 3250 of 14507 Hummingbird Resources (moderated) - HUM fwiw I have just purchased a few @ 32.75, backmarker - 05 Apr 2023 - 11:58:22 - 10528 of 14507 Hummingbird Resources (moderated) - HUM Just another 30p to go and I should be in profit again |
Posted at 25/7/2024 14:58 by trader465 20%? You’re happy with 20% after how many years, 4 years? 5% per year? Could you not have found better value/ safer assets in cash?You said this way, way back in 2020 when the price was 40p or about 400% higher than today. backmarker - 21 May 2020 - 14:03:22 - 1763 of 14507 Hummingbird Resources (moderated) - HUM this will be greater once it has become debt-free and then cash-rich to become an opportunist, bidding for special opportunities that arise. for now HUM appears to be humming, and recovering reputation after the floods episode. the more good quarters then the more the share price will rise into line with where some think it should be. even from current levels were it to reach say 60p in a year's time, then 100% return is hardly shabby. I believe patience is now all that is required with both these companies to see a great return over time. which is why I have increased my holding in both during the past month. |
Posted at 21/7/2024 09:26 by laurence llewelyn binliner #PH, sure a DCF with an NPV5 or 8 adjusts for inflation, the cost of the debt or what you could be making elsewhere to find out if you are better off with taking the risk or not..Something very pertinent when investing in non dividend yielding junior companies, and it can be a painful reminder of what you need to return to exit with a time adjusted profit overall, capital tied up here is not making a compound return so 5 years here of missed dividends elsewhere makes a big impact, we need to be able to see scratch against our break even share price number then double it to offset the missed compound dividends (8/10% for 7 years) we did not book elsewhere.. I am scratch at c15 pence, so I need to see 30 pence to exit with a real time profit, I expect to do better than that in 2 years time with zero debt and some good drilling results extending our LOM with a plan for Dugbe and/or a maiden dividend.. |
Posted at 17/7/2024 10:24 by backmarker Just to spite us the AAU share price has risen since I sold !HUM is a very different company to AAU. I used to think AAU was a very safe company for a miner, but it turned into one that generated enough cash to keep going, but without generating the rewards for its shareholders. Less useful than Premium Bonds.HUM on the other hand is more ambitious and more risky, being dogged by dramas. But it has great potential. It has taken on a lot of debt but potentially can pay that down quickly, which is why Coris has taken such a big stake. And while HUM may surprise us with yet another delay to Kouroussa commerciality one has to believe the risks are now much diminished.Yanfilola seems to be OK, and there is Dugbe waiting in the wings. And PoG is providing even more potential.Meanwhile Dokwe is years from producing. |
Posted at 17/7/2024 06:00 by backmarker The Dokwe project may look good but AAU have been slow in development and Sener is able to treat it as his fiefdom and apparently isn't motivated by maximising revenues.HUM may have had heaps of slip-ups but has achieved far more on balance. Yes it has fallen from 40p a few years ago, but it has been broadly in line with other small goldies over this period.In my view Coris, its bank and main shareholder at 11.5p, won't want HUM to fail. It won't want the embarrassment of having to default HUM and sort out the pieces even if it could get more than the 11.5p. Coris is making huge amounts of interest from HUM and this is its main business. Kouroussa is on the brink of being commercial, so minimal risk. And once HUM starts paying down debt which should be rapid, the share price will rise substantially. So while Coris will get less interest it will have a vastly more valuable share stake which it will probably start to reduce. All great for Coris.So while there is always the possibility of another oil terminal catastrophe, or violent rainstorms, or a breakout of Ebola, the share price is seriously out of line with the risks. |
Posted at 27/6/2024 19:34 by tigerbythetail Would any of the usual rampers here care to explain - with numbers - how it is possible that HUM won't need to issue new equity? And very soon? And, inevitably, that will be at a steep discount to the share price today.Why on earth would Coris Bank extend more debt when they can take even more of the company via CIG?!? It makes no sense. The really awkward question is, do Coris Bank / CIG still believe that offering yet more money to HUM (under its current management) is worthwhile? There comes a point where people eventually realise that they are throwing good money after bad. Are we there yet? What hold do HUM's current management have over Coris / CIG that means it is not profitable for them to seize the whole company via calling in the debt and then installing new and more competent management? HUM may survive this near-death experience, but I hardly think it is worth the risk investing here until things become clearer. At the least, I think there will shortly come a chance to buy in around 5p. |
Posted at 16/6/2024 15:26 by 1knocker Agree most of your third para.If I am a builder hit by penalties for failing to complete a building contract to time because my subcontractor doing the wiring walked out when i failed to pay him, are the penalties I have to pay on late completion of the building contract the subcontractor's fault for walking out, or mine for not paying him? As for 'water under the bridge' though, EVERYTHING which happened before today is water under the bridge. That does not mea that events cease to matter as soon as they have happened. Yesterday's failings constrain today's scope for action and tomorrow's profits. The 'water which has flowed under the bridge' has left the HUM management with a more difficult task ahead than the task it proved not to be up to before that water flowed under the bridge. Agreed, not all of Hum's prospects have been destroyed: some opportunity for profit remains to HUM. The material question is: 'Has anything occurred to justify confidence that past errors will not be repeated, or that past bad management will become good in future, so as make it likely that Hum's management can cope better with the more difficult task which now lies ahead than they did with the easier task behind, a task which proved to be beyond their ability to cope with?' Surely the only possible answer to that question is: 'No'. If my team has lost a string of previous matches from 1-0 up at half time, why should I expect an unchanged team to win the current match from 2-0 down? What should lead me to expect a better outcome from a worse starting position? |
Posted at 11/6/2024 07:34 by trader465 Dear me! Lol11 June 2024 Hummingbird Resources plc ("Hummingbird", the "Group" or the "Company") Director Disclosure Update Hummingbird (AIM: HUM), issues the following disclosure in relation to Ernie Nutter, Non-Executive Director, pursuant to AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies. Nevada Copper Corp. (TSX: NCU), a company of which Ernie Nutter is a Director, and its subsidiaries yesterday announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada. There is nothing further to disclose in respect of Schedule 2(g) of the AIM Rules for Companies. |
Posted at 18/4/2024 20:15 by tigerbythetail Long term for HUM shareholders depends on HUM surviving the short term threats to the business, which ain't no easy task from here...If Betts still has the full confidence of Coris Bank (and if so, in God's name, why?!?) then another equity placement could buy HUM more time to get Kouroussa into meaningful production. That would be the best outcome for HUM shareholders from here, though doubtless the share price would fall because of the extra dilution. Something is always better than nothing! But in all truth Coris Bank should just call in the debt (presumably claiming covenant breaches), take over the assets, appoint competent management, make a deal with Corica to restart work, and salvage what they can from the mess. I'm puzzled why they haven't done this already. What are they waiting for? Are they afraid to admit the scale of their potential losses? Do they prefer to pretend that everything is OK rather than face up to reality? As for the assets themselves, I think Yanfolila is pretty much a bust from here. Not only is Mali now a positively hostile jurisdiction but who seriously believes HUM can mine underground profitably when they've failed so miserably at the much easier task of mining open pit. Kouroussa could yield meaningful cash-flows for a few years, especially at current gold prices, but the high strip ratios need careful monitoring. Selling Dugbe will remain a challenge, because the list of reasons against doing business in Liberia is dauntingly long whatever the gold price. |
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