Hummingbird Resources Share Discussion Threads

[charles clore] 02/5/2018 11:23

Very nice to know that brucey!

[brucey6onus] 02/5/2018 11:15

Broker Canaccord Initiate coverage

BUY - Target 50p

Summary Paragraph -

"With Yanfolila now in production we value HUM similarly to other miners, on a weighted average basis using P/E and EV/EBITDA multiples (using sector multiples) and an NPV(using cyclical multiples). We estimate fair value for HUM ranging from 45-55p on this basis, and set our initial target price at 50p/share. With over 50% potential upside to our target, we initiate coverage on HUM with a BUY rating. We see two value catalysts in2018 being resource conversions to extend LOM and the capex/OCF ratio"

Note also Canaccord are taking them on a tour of the city May 8th to 9th to try to whip up some IIs

[zeberdie] 01/5/2018 19:04

Ha HA Blue oyster bar members.
Reet back to business. Cracking show as usual from Bert. And cant wait to see what Ernie Nutter can do.
I like the name Nutter.

[casual47] 01/5/2018 17:59

Zeb, lol. Wasn't me the red tick, only blue subscribers can up or down vote.

The 33p comment was a follow up to I think UKGeorge who suggested he'd be happier if the option price was 33p.

[zeberdie] 01/5/2018 15:53

casual47
exercise price of £0.01 per Share. They dont pay 33p for them.

Anyway thats my last post on the matter. My argument is with the general principle and nothing more.
And just because im a happy holder doesnt mean i have to agree with everything that goes on or suck anyones John Thomas for that matter.

[lasata] 01/5/2018 14:25

Cora......shame Hum don't just buy the rest

[darola] 01/5/2018 14:22

34% of CORA

[casual47] 01/5/2018 14:18

At 33p the monetary value of the options would be close to negative at current share price

They still need to buy the options before they can sell them...

[lasata] 01/5/2018 14:15

Do Hum own 50% of Cora?

[ukgeorge] 01/5/2018 14:07

The fact is that they can/could give themselves 5% of the company each year.

"As the core team is developed further awards may be made under HIPPO2018 subject to a
maximum dilution limit from HIPPO2018 of 5% of issued share capital."

This is in addition to cash bonuses.

Now if it was 5% at 33p it would not be too bad but the fact is it is at 1p.

The performance measures are interesting and a and b are pretty big hurdles which is good and if they are met the share price should be higher.

Yes I am being negative but I am not a fan of being diluted.

[charles clore] 01/5/2018 13:44

zeb - can you believe those cheeky directors actually think it's THEIR company!

[zeberdie] 01/5/2018 13:33

Sweet as a nut Kingko.

[kingkongtimmo] 01/5/2018 13:30

Hello all, opened a new position yesterday and have added today as well. With the figures in yesterdays RNS a rerate is inevitable IMO

[casual47] 01/5/2018 13:16

For the maiden YR1 results I think it is fair enough what they are doing, given the risks at this stage and not having any precedent data to base their ambition on + they deserve a reward for getting us this far with all milestones so far met with flying colours.

Now, if for YR2 they base the bonus on just repeating what they did in YR1 that would be another matter.....

[zeberdie] 01/5/2018 13:00

I never used the word easy.. if the company put out guidance it should be doable without having to double a mans wages. Anyway i like the company and the team. This is a side issue for me that i have with all Gaffers dishing out what happens to be my money as an OWNER. i dont like the term share holder as it belittles the fact that you actually do own the company.

[casual47] 01/5/2018 12:55

Zeb, if it really is as easy as "they just need to do their job" why is the share price not at 60p+?

[zeberdie] 01/5/2018 12:53

Casual, im a straight up bloke but things need to be fair. Its not about fuss. Its about Dan getting a £400k bunce for simply doing as he said he would. Im a bull all day long but theres bull,,,, and theres BULL. Can you justify it please ?

[casual47] 01/5/2018 12:53

At the stage HUM is at many miners still fail to live up to expectations. So the targets they have set are ambitious and hitting these targets shouldn't be regarded as "just doing their job".

I think PIs are perhaps taking things a little for granted.

The share price is where it's at for a good reason: while the risk has reduced for HUM it is still risky enough.

If it really was a case of "just do your job" we'd be at 60+p already...

[casual47] 01/5/2018 12:45

Really don't understand what the fuss is about re. HIPPO options. At current share price the total monetary value of those options is about £2m, very cheap in terms of company wide bonus.

The conditions set are ambitious and are designed to encourage top performance. If the company achieves those ambitions the company will be doing very well and we as shareholders will be rewarded also: better balance sheet with hopefully matching share price increase.

[zeberdie] 01/5/2018 12:35

I always wonder how these kind of share options work. Surely a bonus should be paid in the event of over achieving and not simply managing to deliver the production you said you would in the first place. Ive yet to see an aim gaffer pay half of his wages back in the event of numbers being missed. No wonder they call us MUG punters.
Now if there had been a clause in there stating that the share price would also need to be at a minimum of say 45p i would have been a happier man as it would have rewarded everyone with skin in the company and not simply the workforce. (who still get their salaries regardless). Fairs fare.

[qs99] 01/5/2018 12:33

Need next quarterly update IMO to kick this on.... value will out!!

[ukgeorge] 01/5/2018 11:49

No, if you just want positive views go to the LSE board.

The last RNS reduced the risk, specifically 9koz in 24 days.

The share options still annoy me.