Hummingbird Resources Share Discussion Threads

[darola] 04/6/2018 15:30

The 6.1m changed hands in a single trade (@31p - so higher than today's bid) a few weeks ago.

[charles clore] 04/6/2018 15:22

It beggars belief that the price is only a couple of pence higher than a year ago. Around that time the company announced it was buying a 1% royalty and 5% of Yanfolila. The consideration of US$2m due to LPMDO will be satisfied though the issue of 6,197,353 ordinary 1p shares in Hummingbird which are expected to be issued on 31 March 2018. So I guess that would be the current seller. Thanks to them I am able to add at these low prices but I don't know how long the sale will continue. I just have to say thank you and keep adding.

[ukgeorge] 04/6/2018 15:18

Hopefully we will get a May production number the April one was released on the 8th so possibly friday or monday next week.

Another 10koz would steady the nerves.....

[chipperfrd] 04/6/2018 14:28

The bid/offer is deceptive.

Can currently buy at 30.175 when bid/offer is 30/31


I assume the bid will drop shortly.

Chip

[darola] 04/6/2018 13:42

A lot of the previous sells were reported incorrectly - they were matched trades. Where iis are either swapping accounts or have agreed transfers with other iis.

[peterpowell21] 04/6/2018 13:21

darola

They are missing a lot more than 1m.
There are over 500,000 today already.

[darola] 04/6/2018 13:11

The buy order might be for 1m, they won't show it until it's filled.

[peterpowell21] 04/6/2018 11:22

So the sell off by someone continues.
The share price is holding.
There has to be a background buyer.
But we are not being shown the buys.
But we do see the sells.
Why do they want you to see the sells,? to get you to sell, or to get you to hold.
Well i know the answer, and its not to encourage you to hold is it.

I see Cora have given out a good RNS this morning.

[peterpowell21] 03/6/2018 14:36

Well someone has been selling.
last Wednesday and Thursday the volume shot up with most of them being sells.
Friday the volume and the selling dropped off, but with still more sells.
If the seller has finished the share price should go back to 33-34 before anymore news.
But the MM's kept the share price steady really, when you think they absorbed all those shares without dropping the price to much, It tells me they have a buy order in for these shares.
So we will see if they have finished selling, the buyer might want more. So they may have to start moving the price up to get them.
Not to fused one way or the other as i will take more if the price drops below 30p.
I can't see how they are getting a price to earning of less than 2-1.

[darola] 03/6/2018 12:16

Paegant are not selling. They were they are now holding what they have. Fidelity have recently dropped off the major holders list, plus others have different holdings on the register than HUM are showing - not their fault if the iis don't issue TR1s

Compare the register shown on Yahoo finance vs HUMs site.

[charles clore] 03/6/2018 11:38

Peter - sorry Mr Griffiths is a fundholder in another company that I am invested in. Nothing to do with HUM. It's Pageant selling here.

[peterpowell21] 03/6/2018 11:21

Charles

I did look back before i bought to see if there had been any dilution or anyone paid in shares. I did not see any.
But who is mr griffiths?
thanks.

[charles clore] 02/6/2018 14:33

Peter - I guess there may be a few reasons why shares are being sold. When a miner reaches production they can usually afford to pay their service providers from the current account but before that they might have to pay some of them in shares. On reading the notes to the AR that is what I think could have happened and these service providers do, of course, sell their payment shares. Plus, of course, our old friend Mr Griffiths unloading a few million. He's probably under 3% now so don't expect a TR1. Hopefully soon to be cleared and if the company produces a good quarterly report we can expect a re-rating of the price.

[peterpowell21] 02/6/2018 07:22

Anyone know who seller is that is selling big chunks.
Has this been happening for a while, as the share price seems to be stuck in a range when looking at the news you would have thought it would be rising.
It's not as if there are billions of shares flowting about, only 345m.
Seems the share price is not really being affected by it.
Well apart from holding it back

[ukgeorge] 01/6/2018 17:13

Well hopefully they will give monthly production in an RNS next week and a note saying its all calm at the mine site and business as usual.

The options just really grate. Especially the price. the company share price could go to 5p and they are still on a multibagger.

[casual47] 01/6/2018 16:14

The 1p exercise price options were only for the HIPPO 2018 scheme. As this is an employee incentive scheme they may issue more options under this scheme during the year as they expand the work force but in any case the total number of options will not exceed 5% of issued share capital. Apart from giving select newly joined employees options there will be no more such options for 2018.

I imagine that HIPPO 2019 will have different terms and exercise price.

Apart from this there are no other 1p exercise price options mentioned anywhere else, AFAIK.

From RNS:
The options under HIPPO2018 have been granted over ordinary shares in the Company of £0.01 each ("Shares") and have an exercise price of £0.01 per Share. Subject to the performance criteria being met the respective tranche, under normal circumstances, the options shall vest 50% by 31 March 2019, 25% by 31 December 2019 and 25% by 31 December 2020 subject to continuous employment with the Company:

(a) Production Tranche: 1/3 of the options will vest if 100,000 ounces of gold are poured between 1 April 2018 and 31 December 2018. The number of options vesting under this tranche shall be reduced proportionally at each date by 10% of the total for each 1,000 ounces produced in the period less than the targeted 100,000 ounces (i.e. if production in the period is 90,000 ounces or below then no options of this tranche will vest).

(b) Cost Tranche: 1/3 of the options will only vest if the Yanfolila AISC (as announced by the Company) as normalised for a US$0.6 / litre fuel price and a US$1,250 gold price is equal to or lower than US$750 per ounce sold.

(c) Performance Tranche: 1/3 of the options will vest based on the individual performance of the Participant and the Company's safety performance, which is at the Board's discretion.

[casual47] 01/6/2018 16:02

UKGeorge -- the AGM doc doesn't mention anything about exercise price. So what's actually new since the April options with exercise price of 1p?

[ukgeorge] 01/6/2018 15:47

6.1M were in April 2018. So also not likely a one off.

[charles clore] 01/6/2018 15:22

George - did you happene to notice the year in which those 1p options were granted?

[casual47] 01/6/2018 14:35

UKGeorge, it would be for sure near-criminal if the 1p exercise price options were not a one-off.

But I think they are. I expect more realistically set options in future.

[casual47] 01/6/2018 14:32

It depends on exercise price + time frame

An exercise price at or around the current shareprice would be fair enough for short term options or e.g. if they are meant to count as bonuses for the current year.

For longer term you'd think they could express more faith in the value of the company, e.g. multiples of current shareprice for 3+ year time frames

[ukgeorge] 01/6/2018 14:31

HUM's is at a penny a share which is absolutely ludicrous even for Aim. It is criminal what can be gotten away with.