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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
  0.00 0.0% 8.15 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
8.10 8.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 120.37 -9.00 -2.06 32
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 8.15 GBX

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Date Time Title Posts
30/1/202307:13Hummingbird Resources (moderated)9,896
27/1/202321:52Hummingbird Resources11,990
13/2/202212:13Price1
24/11/202017:07Hummingbird shares lifted by better than expected gold resource upgrade3
15/7/201814:04Hummingbird Resources 201818

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Posted at 29/1/2023 08:20 by Hummingbird Resources Daily Update
Hummingbird Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker HUM. The last closing price for Hummingbird Resources was 8.20p.
Hummingbird Resources Plc has a 4 week average price of 6.65p and a 12 week average price of 5.17p.
The 1 year high share price is 18.65p while the 1 year low share price is currently 4.85p.
There are currently 393,607,987 shares in issue and the average daily traded volume is 1,361,805 shares. The market capitalisation of Hummingbird Resources Plc is £32,079,050.94.
Posted at 24/1/2023 02:29 by trader465
That is irrelevant unless you bought your holding at the very bottom, which you obviously didn’t. You were buying in the mid 30’s in September 2020 saying it was cheap. 35p to 8p is a 77% loss over two years, in order to recover your loss on that purchase the price needs to rise 337%.

You may have convinced yourself that HUM is cheap but you haven’t convinced me. Buying or holding HUM now is riskier than a 50/50 gamble, if they hit production we may see it rise 20%, but if they miss we could see it fall by 40% and resume the downtrend.

IMO it’s best to wait until after the RNS, buying on the way up is far safer than trying to catch the falling knife.

Temujiin - 01 Sep 2020 - 18:19:21 - 2847 of 9856 Hummingbird Resources (moderated) - HUM
I nibbled another 15k today which I shouldn't have but HUM is very cheap and the political situation is way over blown imo.

Posted at 21/1/2023 09:54 by temujiin
LLB, the ingredients are all there to turn this around I agree, provided HUM produce the gold, which has been the problem for 2 years for several factors, both self inflicted and some not. All hopefully sorted now, but we/the market need to see it before the share price can really move north.

Hitting guidance is a must to start the turnaround. Buying is returning as people have slightly more confidence HUM may have had a decent quarter. POG is obv helping, as is the higher grades being mined.

I'd say an RNS next week is more likely that not, but wont fret if it's the following week.

Posted at 20/1/2023 10:38 by laurence llewelyn binliner
#Jaspoland, like a few others I am into AAZ, I got in as soon as the maiden dividend was announced, missed the boat at 5-10p but a few others on the BB hoovered up Ms of shares each, they had a major shareholder that became a forced seller, Bashirov AFAIR, he was linked in a business to the bent Azeri banker who's wife had a deck of his banks credit cards and spent GBP15M in Harrods in 12 months, bought a Surrey golf club, houses in Mayfair, private jet etc, made all the UK press then got an unexplained wealth order and investigated, but when Bashirov was offloading millions of shares to cover his problems in 2015/2016 the share price tanked to 4/5p, some holders here read this spot on and mopped up..

AAZ 115M shares in issue and now debt free with USD +25M in the til, 65K GEOs for 2022 and an share price of 108 pence today..

HUM 393M shares in issue, but will be 3.5 times the size in 6 months with the same share capital and with 2 mines spinning if they can get their operational side ironed out..

Both have jurisdiction discounts for unstable war zones, but by that measure we could comfortably 10 bag from here as the debt winds off..

Posted at 20/1/2023 09:40 by jaspoland
Although the board are in a totally different league, HUM reminds me of a similar position to AAZ back in 2015. Heavy debt with a rising gold price enabled them to clear $50 million debt in no time allowing the company share price to grow from 4p to £1.75p
So yes, if HUM can get both mines working efficiently then debt will melt away and the share price will respond accordingly.
There will be a discount applied for the board and location but a 10 baggar from here is possible with gold expected to hit new highs this year.
All to play for

Posted at 05/1/2023 18:24 by polaris
Don't looking at market cap alone, it is meaningless when a company has such a large debt component. Look at the company Enterprise value (EV), which includes debt/cash. HUM has an EV well in excess of $120 M. Until HUM start to generate cash again the share price will fall at constant EV, as debt rises. That has been the case for the last 18 months or so. I am hoping that this will be the first Q where HUM is cash generative and so the share price will rise, as total debt load falls. There is also continuing uncertainty around producing assets and the build at Kouroussa, which will resolve in the next 2-3 Qs. Those both lead to discounts on a rating you might attribute to a debt free, well-run company. Once there is clarity then we will see a re-rate accordingly. There have been too many false dawns for anyone to preempt positive news. The volume today does make a nice change, as does the positive end to the day.
Posted at 31/12/2022 09:06 by temujiin
Let's hope so Charlieeee, 🙏
POG has been a saving grace for HUM even if down from the highs. I suspect its more likely to go higher than lower in 2023, which together with a better performing Yani, and a new mine Kouroussa adding to production, may see HUMs share price much higher this time next year. Hell we might even flog off Dugbe for $100m +

Posted at 23/12/2022 09:28 by temujiin
I'm sure HUM have been keen to show everyone they've turned a corner for a while LLB :) unfortunately they keep failing at that, but this time with the higher grades they have a better than normal chance of meeting expectations.

It would be nice if their PR team gave a brief end of year pep talk/msg to say all is operating satisfactory at Yani, but we all know HUM's PR is pretty shiite.

True share price will follow performance, which is why we are at 6p and not 56p....but next year who knows :)

Posted at 17/12/2022 15:30 by tigerbythetail
Folks, why would anybody want to buy Dugbe?
It's a difficult project with high capex and a low rate of return located in one of the worst jurisdictions on earth.
Yes, if gold goes to $3,000/oz and stays there then it may come into play. But with gold at $1,800 /oz it's a non-starter. There are far better projects out there looking for the very limited amount of capital available.
In effect, HUM is a highly leveraged bet on the gold price suddenly taking off for the moon. If it did, then HUM's problems would go away (who cares if your AISC at Yanfolila is $2,000/oz if the gold price is $3,000/oz!), and questionable assets such as Dugbe would have value.
But until if and when the gold price shoots up, HUM is in critical care, and dependent on the goodwill of its creditors / bankers.
I'd also note the continuing worsening of the security situation in Mali, and the increasing reliance of the military government on Russian Wagner mercenaries. Apart from the dreadful human consequences of that, that also means the bite being put on in-country miners - that's how Wagner roll.

Posted at 01/12/2022 07:47 by laurence llewelyn binliner
#Sleveen, thanks, on the money there, doesn’t always pan out that way though.. :o)

Like most of us I try to look at drivers/data and come up with what makes sense to me then position accordingly, a slowing rates pace will weaken the USD which was getting way too hot at 110+ pricing in big forward rate rises..

The less hawkish outlook is in our favour for POG and we could see 1,800 soon, add in Corica turning around our BCM run rate and our fortunes here could reverse quickly..

I won’t get into share price predictions, I try to look at historic data margins/run rate/ounces/share prices and ask what do we need to deliver to get back there and how probable/possible is it..

A long wait to mid/late Jan to find out but a great start for us with recovering our margins..

#1Knocker, what chance the softer US rate outlook kick starts a Santa rally..?

Fed - December 14th
MPC - December 15th

Posted at 10/11/2022 11:58 by dickbush
Obviously, not directly relevant but over 50% of RSG's gold production comes from Mali, the last time I looked, and its total production is forecast to be almost four times HUM's in 2022 with a not much greater net debt level before this share issue. Its share price has also done about as badly as HUM's since the peak two years ago. Despite this, they have taken the (very) conservative route to guarantee their future at the cost of almost halving future eps. HUM, on the other hand, is risking everything on the substantial exploitation of its highest g/t asset this quarter and into 2023. I was just pointing out the contrast.
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