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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 | 0.00% | 2.65 | 138,761 | 08:00:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2.60 | 2.70 | 2.655 | 2.65 | 2.65 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 167.11M | USD -24.36M | USD -0.0259 | -1.02 | 24.97M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:18:02 | O | 4,766 | 2.624 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 06/2/2025 | 08:44 | UK RNS | Canaccord Genuity Limited Form 8.5 (EPT/RI) |
| 06/2/2025 | 08:00 | UK RNS | Hummingbird Resources PLC Rule 2.9 Announcement |
| 05/2/2025 | 07:00 | UK RNS | Hummingbird Resources PLC Hummingbird Share Plan Exercise and TVR |
| 04/2/2025 | 07:00 | UK RNS | Nioko Resources Corporation Day 21 Acceptance Level Update |
| 31/1/2025 | 17:15 | UK RNS | Hummingbird Resources PLC Update on Cancellation of AIM Admission |
| 31/1/2025 | 13:19 | UK RNS | Nioko Resources Corporation Replacement: Acceptance Level Update |
| 31/1/2025 | 07:00 | UK RNS | Nioko Resources Corporation Acceptance Level Update |
| 27/1/2025 | 14:14 | UK RNS | Alexander Milne Form 8.3 - Hummingbird Resources plc |
| 23/1/2025 | 14:31 | UK RNS | Alexander Milne Form 8.3 - Hummingbird Resources plc |
| 21/1/2025 | 13:05 | UK RNS | Alexander Milne Form 8.3 - Hummingbird Resources plc |
Hummingbird Resources (HUM) Share Charts1 Year Hummingbird Resources Chart |
|
1 Month Hummingbird Resources Chart |
Intraday Hummingbird Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/2/2025 | 11:09 | Hummingbird Resources | 14,725 |
| 12/2/2025 | 11:26 | Hummingbird Resources (moderated) | 15,499 |
| 28/9/2024 | 13:52 | HUMMINGBIRD RESOURCES - multi asset gold company | 56 |
| 28/7/2023 | 06:50 | Series of videos on Hummingbird Resources | 1 |
| 13/2/2022 | 12:13 | Price | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:18:03 | 2.62 | 4,766 | 125.06 | O |
| 09:55:58 | 2.62 | 42,440 | 1,113.63 | O |
| 09:31:04 | 2.62 | 79,806 | 2,094.11 | O |
| 09:20:23 | 2.62 | 5,546 | 145.53 | O |
| 08:00:14 | 2.62 | 6,203 | 162.77 | O |
| Top Posts |
|---|
Posted at 13/2/2025 08:20 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 2.65p.Hummingbird Resources currently has 942,267,149 shares in issue. The market capitalisation of Hummingbird Resources is £24,970,079. Hummingbird Resources has a price to earnings ratio (PE ratio) of -1.02. This morning HUM shares opened at 2.65p |
Posted at 05/2/2025 08:07 by p@ Notes to Editors:Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigi For further information, please visit hummingbirdresources Geoff Eyre, Interim CEO Thomas Hill, FD Edward Montgomery, CD Hummingbird Resources plc Tel: +44 (0) 20 7409 6660 James Spinney Ritchie Balmer Strand Hanson Limited Nominated Adviser Tel: +44 (0) 20 7409 3494 James Asensio Charlie Hammond Canaccord Genuity Limited Broker Tel: +44 (0) 20 7523 8000 Bobby Morse Oonagh Reidy George Pope Buchanan Financial PR/IR Tel: +44 (0) 20 7466 5000 Email: HUM@buchanan.uk.com |
Posted at 30/1/2025 10:28 by bartybarty Emma, I believe you are the minister , responsible for the FSA and they are responsible for regulating AIM.I have recently written to the FSA, complaining about the BOD and the Non EXEC directors of Humming Bird, who at the very least have been negligent in their duties to the small shareholders who have invested their pension savings into this company. I think most small shareholders are aware of the risk in investing in any company but they expect to treated by the BOD & Non Exec directors in the same way as large dominant shareholders. The BOD brought on board a large investor and asked AIM for a wavier of AIM rules to allow the shareholder to buy into the company, to a level at which they should have made a full takeover bid. The was given provided the company ONLY came back with an offer of 11.5p per share within a time frame which I believe extended to january 2025. They presented at beaver Creek in the Americas in Sept , the presentation is all sweetness and light and shows no sign of concern. The announced in Sept, they had signed an exclusive deal to potential sell Pasifino for $75m of which Humming Bird had a 53% stake holding. Humming Bird have had troubles with their contractors, in Mali wither these could have been avoided or not should have been an issue picked up by the non execs' ensuring the BOD were held to account. My major concern is that the contractors, the finance banks, and the major shareholder all have links and close relationships, which IMVHO leads to a conflict of interest. The share bought by one company where then transferred to another holding company. We therefore have a company which had a value of 50m+ and potential to considerably grow had it been managed through the period. Due to the situation the small shareholders are receiving a derisory offer on the investment of 2.7p whilst the ex CEO & chairman Dan betts is walking away with a 4m payout. With other payments to the BOD they will get far more than the small shareholders. I as a small shareholder can do nothing, but I have no confidence in AIM or the FSA to even investigate this properly, as they will not have the resources and want to prioritise it in any way. It will all be done behind the curtain, further eroding confidence in AIM. Is it any wonder the UK is struggling to grow, as we continue to allow small shareholders to be left short changes, as the big boys walk away with the spoils. I realise you are all busy, and again will probably say BUYER BEWARE, but if you do not protect a level playing field, all your left with is spivs and hustlers and you won't get much growth out of that. I and all the small shareholders expect the cursory brushoff from the FSA, because quite frankly they have bigger more important matter to deal with. I do hope you consider my email, it may not be well, written, it may not be 100% accurate but I am sure it would strike a chord with so many of the other small shareholders, who have probably just given up. You have no idea just now much faith is being lost in government and all the institutions, no matter which party is in power. You all collectively, not individually are squeezing the very hope out of the people of this country. Yours disappointing. Robert PS I know how many emails, you all get and I know that the bulk are read by your helpers and the bulk you will never even see, but I have taken the time to write to you, in the forlorn hope that someone still listens. |
Posted at 22/1/2025 19:13 by 1knocker bordert, the price of the pub lunch is what I stand to get, not what I invested!True, my losses are not large, in the grand oder of things, so it is easier for me to be philosophical than it is for others who have lost more. The fact remains though that a lot of us have ridden this down, watching our losses increase, rather than taking a more rational decision and selling and cutting our losses long ago, when they were smaller. I blame myself for that. What was I doing hanging on to shares in a company whose management I had concluded were incompetent, and with no reason to expect a change of management? For those, like you, who had come to the conclusion that the management was not only incompetent but dishonest, hanging on was even more irrational. Surely you did not do so in the expectation that the management would be brought to book and your losses flowing from their incompetence and dishonesty would be made good? We have to be honest with ourselves. Most of us held on for one or both of two reasons:- 1. There might be a miracle and against the odds HUM might prosper and the share price rise despite management incompetence and/or dishonesty. 2. We could not bring ourselves to sell and crystalize a loss. Both were bad, irrational, reasons. The rational course of action was to have taken the hit, got what remained of our money out, and put that money into something where we saw better prospects. Had we done so, we would have recovered more money, and put it to work with better prospects of profit much sooner than will now be the case. A few here believed that the management had 'learned from its mistakes', that Hum had 'turned the corner' and had good prospects, and was therefore a good investment at the then current price. Their decisions to hold and even add were therefore rational, but unfortunately have proved to be ill-judged and wrong. There is no rule in the investment handbook which says we have to try to recover our losses through holding on to (still less buying more) shares in the same company as our losses were made. Having paid a high price for the tuition, it behoves us to make sure we understand the lesson we have been taught, and to remember and apply it in future. |
Posted at 07/1/2025 16:04 by trader465 AIM Rule 31: Directors’ ResponsibilitiesAIM Rule 31 requires directors of AIM-listed companies to: Act in the Best Interests of the Company as a Whole: Directors must prioritize the success of the company for the benefit of all shareholders, not just specific groups (e.g., majority shareholders or creditors). Treat Shareholders Equitably: Directors must ensure that all shareholders are treated fairly, avoiding actions that disproportionately benefit or harm minority shareholders compared to major shareholders. Ensure Compliance with AIM Rules: The board must implement appropriate corporate governance and maintain systems for timely and accurate disclosures to the market. How AIM Rule 31 Applies to HUM's Situation In the case of Hummingbird Resources (HUM), AIM Rule 31 has critical implications for the conduct of the board during the ongoing financial difficulties and restructuring: Debt Restructuring and Shareholder Fairness HUM is negotiating debt restructuring with Coris and CIG, entities that hold significant financial leverage over the company. Conflict of Interest Risk: CIG is not only a lender but also HUM's largest shareholder through its subsidiary, Nioko Resources Corporation. Coris, which holds $90 million in secured debt, and CIG are controlled by the same principal. This interconnected relationship creates a potential conflict of interest that could prioritize the interests of CIG and Coris over minority shareholders. Director Obligation under Rule 31: The board must ensure that the restructuring terms are equitable and do not disproportionately benefit CIG, Coris, or Nioko at the expense of minority shareholders. Failure to do so could violate Rule 31, exposing directors to potential regulatory scrutiny. Transparency and Disclosure HUM must provide clear, accurate, and timely disclosures about: The financial status of the company. The terms of any restructuring agreements. The valuation of assets used as security. Director Obligation under Rule 31: The board must ensure that minority shareholders are informed of any risks or consequences stemming from restructuring. Any omission or manipulation of material facts would breach Rule 31 and AIM's disclosure obligations. Asset Risk Coris holds $90 million in secured debt, tied to HUM’s assets. If restructuring fails, assets could be seized and transferred to entities controlled by CIG or Coris. Director Obligation under Rule 31: The board must prevent undervaluation of assets or any arrangements that disproportionately benefit secured creditors (e.g., allowing them to acquire assets on the cheap). Directors should explore all avenues to protect shareholder value, such as seeking alternative financing or asset sales at fair market value. Minority Shareholder Protection Minority shareholders are at risk of dilution or total loss if the restructuring results in: Asset seizure or undervaluation. A debt-for-equity swap that favors CIG or Coris. Director Obligation under Rule 31: The board must balance the interests of all shareholders and avoid preferential treatment for entities like Nioko or CIG. Concerns in HUM’s Case There are several red flags where AIM Rule 31 could be at risk of breach: Conflict of Interest: The principal controlling CIG and Coris may exert undue influence on HUM's board, leading to decisions that prioritize creditor interests over shareholder value. Lack of Independent Oversight: No evidence suggests an independent third party is ensuring fairness in restructuring negotiations. Transparency: Limited information is available on how asset valuations are being handled or whether alternative financing options have been explored. What Minority Shareholders Can Do Demand Transparency: Shareholders can request detailed disclosures about the restructuring terms, creditor relationships, and asset valuations. Push for Independent Oversight: Shareholders can advocate for the appointment of an independent advisor or auditor to oversee the process and ensure fairness. Report Concerns to AIM Regulation: If shareholders suspect a breach of Rule 31, they can raise the issue with AIM Regulation, which oversees compliance with AIM rules. Conclusion: Under AIM Rule 31, HUM’s directors have a duty to act in the best interests of all shareholders and ensure fair treatment during the restructuring process. However, the interconnected relationships between HUM, CIG, Coris, and Nioko pose significant risks of conflicts of interest. Minority shareholders should closely monitor the situation and demand transparency to safeguard their interests. If evidence of unfair treatment emerges, regulatory intervention may be necessary. |
Posted at 07/1/2025 15:49 by trader465 I'd say Prat was over exposed to HUM, 9.23 posts per day since 2018 and nothing since the 62% one day fall here. I had lots of fights with him over the years but I do hope he's ok. I dont think theres a lot holders can do to prove wrongdoing becaue the AIM rules are too relaxed, but the conflict of interest between the controling parties raise more than an eyebrow.Stakeholder Relationships Nioko Resources Corporation (Nioko): Nioko is Hummingbird's largest shareholder and a wholly owned subsidiary of CIG, giving CIG significant influence over the company's direction. CIG and Coris: Both CIG (a lender) and Coris (the primary secured creditor) are controlled by the same principal, meaning there is shared leadership and overlapping interests between these two entities. CIG has provided unsecured loans, while Coris holds secured debt, putting Coris in a favorable position to seize assets in the event of default. Implications of Control and Influence: Interconnected Interests: With control over both equity (via Nioko) and debt (via Coris), the principal behind these entities has substantial leverage over Hummingbird's financial strategies and decision-making. Debt Restructuring and Asset Security: Coris holds $90 million in secured debt tied to Hummingbird's assets, and CIG is providing unsecured funding. In a worst-case scenario (e.g., administration or insolvency), Coris would be first in line to claim Hummingbird's secured assets, potentially at a discount. Potential for Undervalued Asset Acquisition: If restructuring negotiations fail, there is a risk that the company could default on its secured debt, leading to asset seizures. Given the interconnected relationships, it is conceivable that these assets could be transferred to entities controlled by the same principal (e.g., CIG or Coris), effectively allowing them to acquire valuable assets at a reduced cost. Corruption or Conflict of Interest? While this scenario does not automatically suggest corruption, it does present a conflict of interest that could be exploited: Manipulating Liquidity Events: By leveraging Hummingbird's liquidity challenges, the principal controlling CIG and Coris could engineer a financial situation where assets are acquired cheaply, bypassing market mechanisms. Suppressing Shareholder Value: The concentration of control might lead to decisions that prioritize the interests of CIG and Coris over private shareholders, potentially undervaluing assets or restructuring terms to the detriment of minority investors. Opaque Governance: The interconnections and lack of transparency between these entities could mask actions that serve insiders at the expense of other stakeholders. Questions for Investors To ensure fairness and transparency, private investors should demand answers to critical questions: Independent Oversight: Is there a truly independent board or third party overseeing the restructuring process to protect minority shareholders? Fair Valuation of Assets: Are the company's assets being fairly valued, and are restructuring terms reflective of their true worth? Transparency in Stakeholder Actions: How are the overlapping roles of Nioko, CIG, and Coris being managed to prevent conflicts of interest? Regulatory Scrutiny: Has the AIM regulator reviewed these relationships for potential governance issues? Conclusion: While not definitive proof of corruption, the interconnected relationships between Hummingbird, Nioko, CIG, and Coris create a perceived risk of unfair practices that could harm private shareholders. Investors should remain vigilant and advocate for transparency, independent oversight, and regulatory scrutiny to ensure that any restructuring or asset sales occur at fair market value and in the best interests of all stakeholders. |
Posted at 01/1/2025 08:37 by trader465 Gold Price Impact on Hummingbird Resources (HUM)Annual Gold Production: 150,000 ounces. Current Gold Price: $2,600/oz. Annual Revenue: 150 , 000 oz × 2 , 600 USD/oz = 390 , 000 , 000 USD 150,000oz×2,600USD/o Profit Margin Analysis Operating Cost Estimate: $1,300/oz. Net Profit Per Ounce: 2 , 600 − 1 , 300 = 1 , 300 USD 2,600−1,300=1, Total Net Profit: 150 , 000 oz × 1 , 300 USD/oz = 195 , 000 , 000 USD/year 150,000oz×1,300USD/o Nioko’s Cost to Acquire HUM Share Purchase Price: £12.6 million ($17.5 million). Loan to HUM: $35.6 million. Total Cost: 17.5 M + 35.6 M = 53.1 M USD 17.5M+35.6M=53.1M&nb Return on Investment (ROI) for Nioko Annual Profit After Acquisition: $195 million. Time to Recover Investment: 53.1 M USD 195 M USD/year ≈ 3.3 months 195M USD/year 53.1M USD ≈3.3months HUM Shareholders’ Loss HUM shareholders sold the remaining 58.19% stake to Nioko for £12.6 million, valuing the company at just £21.7 million. Actual Value (Based on Net Profit Potential): With $195 million annual profit, HUM’s fair valuation could exceed $600 million (£470 million) at a modest P/E ratio of 3. Summary: Who Benefited? Nioko Resources (and Idrissa Nassa): Acquired control of HUM for $53.1 million. Gains a gold mining company generating $195 million in annual profit, representing a return of over 350% in under a year. HUM Shareholders: Sold at a massively undervalued price. Missed out on the benefits of rising gold prices and operational recovery. This deal heavily favors Nioko Resources and Idrissa Nassa, leaving HUM shareholders with minimal returns while Nioko profits immensely from undervalued assets. |
Posted at 01/1/2025 08:30 by trader465 Mr Idrissa Nassa is the man who will end up with the gold mines.Nioko Resources is not a mining company. It is an investment vehicle and a subsidiary of Coris Invest Group (CIG), which is owned by Burkinabe businessman Idrissa Nassa. Nioko Resources primarily focuses on acquiring strategic stakes in companies within the mining sector rather than engaging in direct mining operations. Key Points About Nioko Resources: Focus on Investments: Nioko Resources specializes in acquiring mining assets and shares in mining companies. It is part of a broader strategy to invest in resource-related businesses, leveraging financial and operational opportunities in the sector. Recent Activities: Hummingbird Resources: Nioko has been involved in acquiring a controlling interest in HUM, a gold mining company operating in Mali and Guinea. Orezone Gold Corporation: Nioko acquired a 19.99% stake in this Canadian mining company, reinforcing its focus on gold mining investments. Parent Company Support: Nioko is backed by Coris Bank International, which provides financial leverage for its acquisitions. Comparison to Mining Companies Unlike a mining company, which engages in exploration, extraction, and production, Nioko Resources operates as an investment and holding entity. Its role is to provide financial backing, strategic oversight, and capital to its mining-focused subsidiaries or investments. In Relation to HUM Nioko's involvement with Hummingbird Resources aligns with its investment strategy but does not involve direct management or mining operations. Instead, it is positioning itself to benefit from the future profitability of HUM’s gold assets. |
Posted at 16/11/2024 20:56 by burt777 Kenji hope you read this board as well , I deleted my profile on LSE , I am gold investor. I hold 1.31% it’s disclosed to the market. I thought I would have to remain silent so thought it best to delete my profile but I am assured I can have an opinion.The drop is only due to liquidity been low and should recover Monday a tad in my view . Doubt their will be many sellers , their was no real sellers at below 2.10 level it’s just someone needed the money in a hurry and dumped 11 million in one trade. For the market to swallow that in one go they clearly must have buyers higher. The current share price is irrelevant and I’m surprised it’s gone this low myself , but it represents uncertainty and people don’t like that. But for me the company has been clear….they plan to update the market 19th November or Tuesday next week. Everything points to the debt for equity been done at 2.66 as that’s the term sheet , it takes time to draw up and do the due diligence but clear Tuesday could be the day Whilst strongly advising shareholders do nothing. Clearly people don’t trust the company anymore hence people selling under the debt of equity conversion and potential offer. For me it’s a basic fear thing of losing the lot but people might want to read the RNS for clues that won’t be the case. This isn’t a company going into admin . It’s had liquidity pumped in 6th November and has plenty overdraft. Plus its weekly run rate is double normal gold production and commercial production will likely be deemed after 30 consecutive days of that run rate. All in all I’d be very surprised if they were not cash flow positive , the issue was the debt repayment and dugbe sale not happening yet. But it’s not bad news as there are other interested parties and the current bidder is trying to get finance. Coris I trust and not HUM as they constantly keep supporting this. They have deferred the latest instalment with the interest payable end of December only. Does that all sound like this won’t go through. Coris need to get full control so it’s my view it’s a done deal they convert. If they don’t it remains a going concern now generating significant cash (speculation) based on the weekly run rates at Koruso. Mali fear might of driven the share price lower but really that situation was always around in the share price and the company says it’s close to an agreement. So all in all this for me isn’t done My investment at 2.20 was based on logic and coris self interest in getting debt to equity swapped to gain most of this. At that point the thing looks viable to me and that’s why coris are going to in my opinion offer 2.66 People are controlled my emotion they have lost a lot of money , but if you stop and think and apply logic and read the full RNS it’s clear that the probability is high that 2.66P stands. This isn’t investment advice. But most people don’t want to invest in the arbitrage opportunity as they think why risk 100% for 20-30% But come Tuesday or after that with the confirmation coris swap debt to equity I think this quickly rebounds. Also theirs all sorts of possibilities that coris decide to leave the listing in tact of shareholders vote no. Just connecting all the dots but why on earth would they put this in admin at this stage. I predicted 100% that HUM would end up in this situation, now I will back myself to be correct again. But do your own research and only invest money you can afford to lose. For in any situation factors and risks appear that you could not foresee. For me this is a simple Heist by coris and u trust in them not the company to deliver. |
Posted at 16/11/2024 15:40 by burt777 Sadly over here they are toothless and nothing will be done.The only thing left here is a cheap takeover Coris will in all certainty convert debt to equity and then have complete control. What I do find strange is why people are selling 35% below the offer price. Tuesday they clearly are looking to get the debt to equity RNS out and advised strongly shareholders take no action. Coris do not really gain anything by putting this in admin as they will want a running saleable / profitable going concern. It’s only temp fear , come Tuesday or whenever the RNS lands the share price will be back up nearer 2.50 Easy money from here for those of us that understand how to read between the lines. Feel sorry for the panicked sellers thinking not prepared to wait. Would rather sell 30% cheaper than have a sleepless night. I get it. But I think people should just look at this logically. They want full control. Putting it into admin will not benefit coris They could not hint anymore that this is a done deal with paperwork on the way and an upside Tuesday. Don’t throw your shares away cheap theirs a further chance of them getting voted down and the cash flows save the day. It’s clear Dugbe buyer was to slow and this is the companies plan B HUM never seems to get leaks and things always tails people by surprise so I doubt anyone that’s sold knows anything. The 11 million seller will prob be able to make the 30% in something else and does not want to hang about. Should be a move back over 2P Monday as people see a Tuesday RNS indicating the debt to equity conversion. Let’s also realise that debt is unsecured and why on earth if they planned admin would they have extended 30 million and deferred debt. So the share price is a gift at the min |
Posted at 21/10/2024 15:52 by backmarker It would seem there are enough punters around willing to bet on a positive response to the Q3 numbers when they are released sometime soon to start pushing the share price up a little.If HUM can demonstrate that they are producing at anywhere near 200k pa equivalent and are making any kind of a dent in the overall debt burden then that may be good enough for now to put the share price on an upward path.It really should not be that difficult, but given the history one should take nothing for granted. |
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