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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hummingbird Resources Plc | LSE:HUM | London | Ordinary Share | GB00B60BWY28 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.25 | -3.33% | 7.25 | 922,737 | 08:18:56 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 7.00 | 7.50 | 7.55 | 7.25 | 7.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 150.52M | USD -34.28M | USD -0.0569 | -1.27 | 43.64M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:06:52 | O | 30,000 | 7.25 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/4/2024 | 07:00 | UK RNS | Hummingbird Resources PLC Notice of Q1-2024 Operational and Trading Update |
| 17/4/2024 | 14:11 | ALNC |  IN BRIEF: Hummingbird issues step-in notice regarding Kouroussa mine |
| 16/4/2024 | 07:00 | UK RNS | Hummingbird Resources PLC Operation Update & Kouroussa Production Roadmap |
| 28/3/2024 | 14:14 | ALNC | TRADING UPDATES: Duke expects revenue rise; SIMEC gets EL deal payment |
| 28/3/2024 | 07:00 | UK RNS | Hummingbird Resources PLC Update of Mining Operations at Kouroussa |
| 20/3/2024 | 16:37 | ALNC | UPDATE: Hummingbird hits back at Corica over Kouroussa pact dispute |
| 20/3/2024 | 15:26 | UK RNS | Hummingbird Resources PLC Response to Corica Mining Statement |
| 20/3/2024 | 12:25 | ALNC | Hummingbird shares plunge as Corica fires back in contract dispute |
| 18/3/2024 | 11:50 | ALNC | IN BRIEF: Hummingbird shares plummet amid Kouroussa contract dispute |
| 18/3/2024 | 09:32 | UK RNS | Hummingbird Resources PLC Update on Mining Operations at Kouroussa |
Hummingbird Resources (HUM) Share Charts1 Year Hummingbird Resources Chart |
|
1 Month Hummingbird Resources Chart |
Intraday Hummingbird Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/4/2024 | 18:18 | Hummingbird Resources (moderated) | 13,646 |
| 24/4/2024 | 12:54 | Hummingbird Resources | 13,441 |
| 28/7/2023 | 07:50 | Series of videos on Hummingbird Resources | 1 |
| 13/2/2022 | 12:13 | Price | 1 |
| 24/11/2020 | 17:07 | Hummingbird shares lifted by better than expected gold resource upgrade | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:06:52 | 7.25 | 30,000 | 2,175.00 | O |
| 15:23:12 | 7.32 | 50,000 | 3,660.00 | O |
| 15:18:36 | 7.28 | 100,000 | 7,280.00 | O |
| 15:15:26 | 7.50 | 352 | 26.40 | O |
| 15:15:12 | 7.13 | 140,435 | 10,005.99 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Hummingbird Resources Daily Update Hummingbird Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird Resources was 7.50p.Hummingbird Resources currently has 601,918,700 shares in issue. The market capitalisation of Hummingbird Resources is £43,639,106. Hummingbird Resources has a price to earnings ratio (PE ratio) of -1.27. This morning HUM shares opened at 7.50p |
Posted at 21/4/2024 14:32 by plat hunter Contractors probably bank with Coris and HUM are backed by Coris. This gives HUM the opportunity to push out invoice terms to the long end and gives Coris the opportunity to factor the contractors invoices.As I've said before this scenario would see contractors queuing up and tripping over themselves to work with HUM and it certainly doesn't look like HUM are having any problems getting people in. |
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. |
Posted at 05/4/2024 01:07 by borderterrier1 Kennyp52 Here's a bit of real insider information for you......straight from the horses mouth!"The bears are in control and whether this has been a well orchestrated plan to continue to pressurise the share price to breaking point so that the larger players can buy in at a lower level, well that's the game we are involved in. Rest assured as Hum continues to reach milestone targets and hit gold production figures, this wonderful investment will grow and grow and grow." Hummmmmm.......now where have I heard that before.............. |
Posted at 03/4/2024 22:02 by dickbush Plat, I don't believe for one moment that Betts is influenced by the opinions of shareholders unless it is his 42% shareholder. I doubt he is influenced by anyone on the BoD. For DB to take that route was a recognition that with all that debt round his neck and $2,000 gold, hedging was de-risking. Swinging for the fences, which DB has done on a continuous basis from the start of HUM's existence, has provided shareholders with three sharp share price declines in the last 18 months against a background of its very existence being questioned. It has taken a major increase in its bank debt and a doubling of its equity (none bought by DB) to steady the ship. Except that, right now, even that hasn't been enough. One of his own BoD suggested to me at a previous AGM that DB was in a hurry to get rich quickly. There's been sweet FA of his buying shares over the years of share issues to suggest that it is via the share price. What we shareholders need is a genuine emphasis on de-risking via getting the debt down and if that means little is available for adding to Resources this year, so be it.Present a sustainable 200,000 oz potential output by the 4th qtr with half the debt repaid and we'll be looking at a much higher share price and the ability to do all the drilling to add to Resources/Reserves that DB could possibly want. As I've said before, I made the mistake of choosing HUM as my way to play a gold bull market some 5 years ago. BUT if anyone had said to me 6 months ago - gold price $1,825 - that the Fed would not be cutting rates in June 2024 (after last week's data) AND the gold price would be $2,300 I would have thought they knew nothing about what is important to the gold price. Mea Culpa. |
Posted at 03/4/2024 10:09 by tigerbythetail Well, I don't see how HUM can avoid a bail-out equity raise here - no matter how well the gold price is doing.Presumably Coris Bank will take the shares, leaving them as a majority shareholder, and at a discount to the current share price. That's not good for PIs. Also, can I point out that there is lot of hopeful but potentially costly PI ignorance about how much work is involved in moving down a bench in an open pit? All in all, this is still an "avoid". There are much better gold plays out there. |
Posted at 28/3/2024 14:31 by 1knocker I wonder if the share price is being held up by PI gamblers who fancy a small punt -double your money if the problem is resolved, lose the stake if it is not?I am not so sure it is as clear cut as that. It is easy to see how Hum goes belly up and the shares go to zero. But a 'double your money on resolution of the present problem' upside?Even if operations are got up to speed again, the contractor's claim will not disappear. That will hang over HUM, complicating future borrowing and /or capital raises. I do wonder whether HUM iha passed the point of no return, even if somehow there is a return to full mining, and. the next bed is as good as it hopes. Rather like RMM, where the quality of the asset was not the problem, but the unsustainable burden of its debts. If so, someone will pick up the mines cheap, and quite possibly do well out of them, despite the jurisdictional and operational issues of working them - and exporting the profits! Maybe the darkest hour is before the dawn, but I seriously wonder whether there will be a daybreak for Hum. I certainly will not be buying more. |
Posted at 21/3/2024 14:10 by tigerbythetail I can envisage several conclusions to HUM's story from here.But in none of them do HUM's current shareholders benefit. At the least, HUM will need to raise new equity at a massive discount to the current share price just to keep going a while longer. Possibly Coris Bank walk away with the prize, possibly there is no prize at all. But there's no money to be made here by going long, and (I believe) the bookies (always in the know) have closed down shorting this stock. |
Posted at 21/3/2024 11:57 by lowtrawler desha, at a complete guess:HUM have tight repayment schedules which can only be met if production rates hit target Consequently, they have clauses in the Corica contract requiring them to deliver the production targets. HUM expect to feel pain from any delays and so have passed some of that pain onto Corica in their contract. Production delays in mining can happen for many reasons, only some of which will be under the control of the contractor. As you would expect, the contractor and HUM have been working to alleviate the delays but it has not been fully successful. The delays are such that HUM have withheld significant payments from Corica and Corica do not agree with the quantum of the payments withheld. It appears the size of payment outstanding has caused Corica to down tools. It is unclear whether HUM have the cash available to make sufficient payment that Corica will return to work. It is also unclear why they have not provided the guarantee required under the contract. If HUM have the cash available and it is simply a dispute over whether it is due, they could easily resolve that part by placing cash into ESCROW and agreeing a disputes process. I assume the guarantee will need to come from Coris. HUM need to get production back on track which means getting Corica back on site operating at full capacity. They can ill afford even a short delay. With the dispute now being played out in public, I expect only intervention from Coris will break the deadlock. It will most likely require an additional cash facility from Coris as well as their guarantee. The additional facility will need to cover the dispute and also any cash impact from the delays currently known or expected. To date, Coris have been more supportive than most Western banks and so we need to see how Coris respond this time around and at what cost to shareholders. |
Posted at 20/3/2024 17:38 by dickbush LLB, for some reason I haven't thought about any of those things. Manjana.Call me cynical but the idea that HUM has acted in good faith with Corica is a bit of a stretch for me. Going public as they did suggests the contrary and they are warning whoever thinks about working for HUM to examine any contract extremely closely. Best case, HUM is going to have its peak EBITDA delayed again, its share price appreciation deferred again, and probably a rating for its peak EBITDA never to reach even the low end of valuations for West African gold mining companies. Recovery to 20p? May I live that long. |
Posted at 20/3/2024 11:26 by papillon What a liar you are borderterrier1.This is what I actually said in my post 13179: "This HUM log chart turned Strongly Bearish at the start of 2021 @ over 30p. You should have sold HUM back then, borderterrier1. That would have saved you money and saved you a lot of time posting incessantly on this bb! However you'd have had to find something else to moan about to occupy your time! 🤣 PS this HUM chart turned Strongly Bullish again in H12023 and then turned Strongly Bearish yet again in H2 2023 and it's been Strongly Bearish ever since. The future for HUM? I've no idea as, unlike you, I can't predict the future. If I did buy speculative and very risky miners, such as HUM, I would wait until this chart turns Strongly Bullish before buying the shares (and selling as soon as it turned Strongly Bearish again!)." What a LIAR you are borderterrier1. LIAR, LIAR, you're pants are on fire! 🤣🤣 |
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