Hummingbird Resources Share Discussion Threads

[charlieeee] 06/12/2016 09:30

Good commentary from you, Sleveen.

The structuring of the interest, 9% until completion and 7.75% thereafter, both reflects the risk and acts as an incentive and the rates look commercial.

I am thankful that this has come through, as I was beginning to wonder if, having carefully avoided the Kefi "jamorrow" trap, I had fallen into another "all talk and no do" operation. Now we can look forward to steady progress and a return of market confidence along with that.

[4seeaproblem] 06/12/2016 08:42

From Beaufort Breakfast Today :

Our view: This is a major milestone for Hummingbird, the company has significantly de-risked Yanfolila by securing 100% funding following the recent US$71m equity raise combined with the above announcement. The company can now focus on mine construction and continues to target its first gold pour by end of 2017 and 132,000oz of gold production within the first full year of operation. Christmas has apparently come early for Hummingbird shareholders and we look forward to further developments as the construction phase proceeds. In the meantime, we maintain a Speculative Buy rating on the stock.

Beaufort Securities acts as a corporate broker to Hummingbird Resources plc

[theblackbaron] 06/12/2016 08:37

900,000 buy gone though methinks the market likes it hmmm thought be in 20s by now though. looks slow burn then jump.

[vatnabrekk] 06/12/2016 08:31

Presumably this means they are fully funded for Gonka as well?

[sleveen] 06/12/2016 08:11

Better to have belts and braces rather than see your pants round your ankles :-)


Had HUM needed funds in say 6 motns most investors would have said why didn't they forsee a possible overrun it's common in miners; look at AUE if you dare!

[substp] 06/12/2016 08:05

The elephant in the room.... :-(

I was expecting $35 million to $45 mililon not $55 million. Surely there was enough money in the kitty to soldier on until April without the cost overrun facility?

[sleveen] 06/12/2016 08:03

SHG had to pay even more for its loans.

HUM able to carry on build out to production. No loan extension no HUM.

[vatnabrekk] 06/12/2016 08:02

Yes the interest rate seems too high, but at least the funding is now sorted, so roll on!

[ukgeorge] 06/12/2016 07:59

Truly shocking terms. Equity raise would have been far better. It's likely over 10% when all is taken into account. Daylight robbery.

[goldenshare888] 06/12/2016 07:22

looks to me like lenders taking advantage.

[aim999] 06/12/2016 07:11

Funding in the bag... roll on 2017!

[vatnabrekk] 05/12/2016 17:25

I believe we will know on Thursday if they have got the debt funding, because they want to use part of that to pay off the Taurus bridging loan, which is due on 8th.

[theblackbaron] 05/12/2016 14:48

If you clearly see the lse show interview with CEO he mentions debt funding resolved soon imo

[4seeaproblem] 05/12/2016 13:38

Theblackbaron...what do you mean when you say "debt news around the corner" ?

Thanks

[theblackbaron] 05/12/2016 12:47

Good buy volume showing as sells today looking on lse show and twitter debt news around corner.

If so rerate 30-40% imo

[vatnabrekk] 02/12/2016 12:46

Not much volume today. Perhaps everyone is holding back to see what happens on 8th?

[substp] 02/12/2016 11:12

Now on LSE

[rileyma] 29/11/2016 17:21

Interview broadcasting this coming friday

[substp] 27/11/2016 08:33

I assume Hummingbird was there....

"The Forum was sponsored by Arcelor Mittal, APM Terminals, Dawnus international, HummingBird, Bollore Equatorial Palm Oil among others"

[substp] 25/11/2016 14:23

Next week... :-)

[rileyma] 24/11/2016 16:37

hxxp://tiptv.co.uk/2016/11/2187/

Published tomorrow from what i can gather,,,

[vatnabrekk] 24/11/2016 16:30

Thought it was next week?

[rileyma] 24/11/2016 12:44

Isnt there supposed to be a q&a session this week?