Hummingbird Resources Share Discussion Threads

[creditcrunchies] 03/4/2023 20:05

I've given up moaning about these the timing of the options to buy shares at 1p whilst they got shareholders to buy at 7.5p to save their bacon because they'd run out of cash. Unbelievable really

[plat hunter] 03/4/2023 08:37

UT at full bid

[laurence llewelyn binliner] 02/4/2023 09:50

Q4-2022 | 27,860 ounces sold | POG 1,726 | AISC 1,248 | margin 478 | EBITDA USD11M
Q1-2023 | est 27,500 | 1,894 | 1,250 | 644 | USD 17.7M EBITDA before costs external to Yanfolila

Profit margin +35% on POG, could be better if the ounces are higher and AISC lower..
SP on 06.02.2023 and Q4 update was 8.15 pence
SP on the Q1 update late April ..? 10/11 pence..?, could pick up some more on accelerated news from Kouroussa and 1st pour inside Q2..?

[dickbush] 31/3/2023 16:43

FYI, the LTIP for 2022.

LONG TERM INCENTIVE AWARDS
Awards will be made under the Long-Term Incentive Plan (“LTIP”) approved by the board.

The 2022 annual awards have been made in line with the LTIP rules, with the Remuneration Committee removing the Absolute Total Shareholder Return (“TSR”) criteria for the 2022 LTIP in favour of a relative TSR performance criterion over the S&P Commodity Producer Gold Index (as detailed below) in order to reduce the impact of the gold price in favour of relative outperformance.

Subject to the performance criteria being met for each respective tranche and continuous employment with positive performance, under normal circumstances, the RSUs are expected to vest on 4 February 2025 in two tranches as follows:

a Retention Tranche: 1/3 of the RSUs will be based on continuous employment, malice provisions and the employee meeting personal and Company targets.

b Relative Total Shareholder Return (“TSR”): 2/3 of the RSUs will be based on Relative TSR against the S&P Commodity Producers Gold Index, with 25% vesting for meeting the index rising on a straight-line basis to 100% for 5% outperformance
.
The RSUs under the 2022 LTIP consist of options granted over ordinary shares in the Company of £0.01 each (“Shares”;), which have an exercise price of £0.01 per Share. Once vested, any RSUs may be exercised by the holder during a set exercise period determined by the Company and notified to the option holders. This is intended to be a minimum of a one-week period per year when the Company is in “open period” under MAR. Unvested RSUs will normally lapse on cessation of employment for any reason. The RSU holders will normally retain vested RSUs following cessation of employment and will have two years from the date of cessation of employment to exercise,
after which the RSUs shall (lapse?)

Total awards granted to the CEO and CFO, are 3,079,455 and 1,979,649 respectively.

[borderterrier1] 31/3/2023 15:07

Laurence, were you born a complete idiot or did you have to work at it?

[laurence llewelyn binliner] 31/3/2023 14:39

On Kouroussa - The WACOM contract is a lump sum fixed price, with penalties for late delivery. Additionally to help ensure the project is delivered on time the company has agreed an incentive package consisting of a potential bonus of up to USD2.6M consisting of a cash bonus of up to USD0.75M with the balance of up to 1.85M payable through the issue of 6,342,857 new shares in HUM at the agreed price of 0.22 pence per share to be issued 12 months after expected delivery date..

It is getting very close to an update here now (Q1 ref 25.04.2022) and only 8-12 weeks out to 1st pour.. :o)

[borderterrier1] 31/3/2023 12:59

sean2004 OK, so now I see what you mean, ALL has been revealed. There you go, another pi$$take from these incompetent clowns.

Sorry you new "investors" just don't get it, do you? Are you listening Laurence the Delusional and wskill the idiot? After over six years, I do. This is the DOG of DOGS. Waste of time.........except for Del Boy and Hill who will make their money before this goes under.

[temujiin] 31/3/2023 12:45

Usual management snouts in trough, most AIM company directors act like this to varying degrees. Remember to vote against all directors, including NEDs at the AGM. Won't make any difference but feels good.

As for HUM, there was a tweet saying how many hours they've gone without incident at Kour, which was positive at least.

[tigerbythetail] 31/3/2023 11:36

Who cares if the company goes bust?!?
That's still far more likely.

[zhockey] 31/3/2023 11:29

Who cares if the share price 5 bags

[tigerbythetail] 31/3/2023 11:18

Do I even need to give my opinion on this morning's RNS?
No. It's obvious.
Lord, this company's BoD is beyond belief....
p.s. Love Polaris's suggestion. I'd buy shares if that were the case. I'm thinking cat o' nine tails...

[dickbush] 31/3/2023 10:07

We all know that Betts and Co treat HUM like a private company. So, we shouldn't be very surprised. The only positive I can take from this news is that the more shares Betts and Hill, in particular, own, the more they may concentrate on the money they can make from their shares rather than their salary plus bonus. If they start producing to plan without a SNAFU, they can make more.

[wskill] 31/3/2023 09:30

Hopefully this means we will have a decent quarter at Yani ,pity that management could not have foreseen the cash requirements and started mining the higher grade pit earlier but it is what it is , we are now very close to Kor production and thats why I am invested here.

[polaris] 31/3/2023 07:49

The RSUs will be available in a one week period when company in open period under MAR. I think there should be extra requirements. Reminds me of a far side card on peer review. They can have the awards if they make it through a 'panel' of shareholders. Usually, the 'panel' have weapons of their choice and board member just has to reach the finish, I mean vesting, line beyond them.

[aim999] 31/3/2023 07:46

I suspect they have been waiting for a quiet Friday to drop this one ( a week the share price has gone up - to soften the blow). Stay away as they are lining their pockets.... Nobody ever made a $ on this share except betts and co. Maybe I should apply for a job there

[polaris] 31/3/2023 07:42

Nothing like some more BS shares for our board, particularly Betts! 100% vest on 5% index outperformance. Really? You pushed the boat out there didn't you? From the share issue price too. LOLNote that 5mplus shares to logistics company for services at Yanfolila. All available cash must be going to Kouroussa.

[aim999] 31/3/2023 07:38

Extra shares for Retention? Maybe the objective is to lose shareholders money

[jbravo2] 31/3/2023 07:20

:D
Well deserved
:D

[aim999] 31/3/2023 07:11

Great news .... More free shares for the BOD.

[borderterrier1] 30/3/2023 16:38

sean2004 To some, it would appear that the BOD have staggered from crisis to crisis with this for many years. It is obvious now that the Ceo and management have always had a Masterplan. Trouble is, nobody knows what it is......especially them.

[laurence llewelyn binliner] 30/3/2023 14:27

Another BednISA just printed for 410K shares, nice holding as we edge closer to Kouroussa 1st pour..

#Jaspoland, end of Q3 tomorrow, but average POG 1,894 now..

[jaspoland] 30/3/2023 12:24

Won't be too long before people will be paying 10p again

[jaspoland] 30/3/2023 11:50

Tomorrow's close on gold will be interesting for chartists