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HUM Hummingbird Resources Plc

-0.50 (-5.32%)
24 Jun 2024 - Closed
Delayed by 15 minutes
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
  -0.50 -5.32% 8.90 558,443 15:26:39
Bid Price Offer Price High Price Low Price Open Price
8.60 9.20 9.25 8.85 9.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 150.52M USD -34.28M USD -0.0569 -1.56 53.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:56:07 O 50,000 8.961 GBX

Hummingbird Resources (HUM) Latest News

Hummingbird Resources (HUM) Discussions and Chat

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Date Time Title Posts
25/6/202400:32Hummingbird Resources13,723
24/6/202416:48Hummingbird Resources (moderated)14,154
28/7/202307:50Series of videos on Hummingbird Resources1
24/11/202017:07Hummingbird shares lifted by better than expected gold resource upgrade3

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Hummingbird Resources (HUM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-06-24 14:56:088.9650,0004,480.50O
2024-06-24 14:23:569.0930,2532,750.00O
2024-06-24 14:11:308.9010,000890.00O
2024-06-24 13:35:259.11100,0009,108.90O
2024-06-24 11:42:439.11109,7179,994.01O

Hummingbird Resources (HUM) Top Chat Posts

Top Posts
Posted at 24/6/2024 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 9.40p.
Hummingbird Resources currently has 601,918,700 shares in issue. The market capitalisation of Hummingbird Resources is £53,570,764.
Hummingbird Resources has a price to earnings ratio (PE ratio) of -1.56.
This morning HUM shares opened at 9.25p
Posted at 16/6/2024 15:26 by 1knocker
Agree most of your third para.

If I am a builder hit by penalties for failing to complete a building contract to time because my subcontractor doing the wiring walked out when i failed to pay him, are the penalties I have to pay on late completion of the building contract the subcontractor's fault for walking out, or mine for not paying him?

As for 'water under the bridge' though, EVERYTHING which happened before today is water under the bridge. That does not mea that events cease to matter as soon as they have happened. Yesterday's failings constrain today's scope for action and tomorrow's profits. The 'water which has flowed under the bridge' has left the HUM management with a more difficult task ahead than the task it proved not to be up to before that water flowed under the bridge.

Agreed, not all of Hum's prospects have been destroyed: some opportunity for profit remains to HUM.

The material question is: 'Has anything occurred to justify confidence that past errors will not be repeated, or that past bad management will become good in future, so as make it likely that Hum's management can cope better with the more difficult task which now lies ahead than they did with the easier task behind, a task which proved to be beyond their ability to cope with?'

Surely the only possible answer to that question is: 'No'.

If my team has lost a string of previous matches from 1-0 up at half time, why should I expect an unchanged team to win the current match from 2-0 down? What should lead me to expect a better outcome from a worse starting position?
Posted at 11/6/2024 07:34 by trader465
Dear me! Lol

11 June 2024
Hummingbird Resources plc

("Hummingbird", the "Group" or the "Company")

Director Disclosure Update

Hummingbird (AIM: HUM), issues the following disclosure in relation to Ernie Nutter, Non-Executive Director, pursuant to AIM Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Nevada Copper Corp. (TSX: NCU), a company of which Ernie Nutter is a Director, and its subsidiaries yesterday announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada.

There is nothing further to disclose in respect of Schedule 2(g) of the AIM Rules for Companies.
Posted at 07/6/2024 08:33 by dickbush
Ratings may change for the better in the future but right now an EBITDA of 2 is where the market is e.g RSG and SHG's acquisition price. That gives a target price of

($400-Net Debt)/1.28/800

Eliminate Net Debt gets you to

$400/1.28/800 i.e. 39p.

This, of course, uses a zero value to HUM's 53% ownership of Pasofino. The market is currently valuing that at 2.4p, rather different from Betts' valuation.

The future share price is, as ever, dependent on achieving the 200,000 oz production Betts is always talking about, helped by an improved market view of Pasofino's assets.
Posted at 03/6/2024 13:45 by backmarker
I agree about the 40p. That was when I first dipped my toe in the water here and have been averaging down ever since. But I would have been lucky to have found another junior gold miner whose share price performed much better.Whatever the reasons most other miners had a similar share price performance over the same period.I'm sure you are right that HUM could have been better managed and had a better result by now. But as you will understand investment decisions are made on the basis of how one sees the future. As far as HUM is concerned right now I believe there is low risk at least up to 11.5p. So I am happy to hold for now.
Posted at 25/5/2024 08:03 by plat hunter
They do Border but taking trading profits as free shares rather than taking cash out of the market lowers your overall average purchase price. Get your average down low enough and the share price doesn't have to move as much to make a profit as it would have needed to when considering your original entry price.

For example, just getting back to circa 30p would be a treble bag for me now. Where as if I hadn't traded or added further I'd still be looking at closer to £1 to earn a treble bag.

Obviously it's only a half victory and if I didn't believe that Kor would eventually be delivered then I would have walked with a loss a long time ago.

Don't get me wrong though, whilst I have a decent price now it's not all trading profits, I've used my own cash to buy as well but again that was done at much more favourable prices than my first look in.
Posted at 17/5/2024 15:52 by backmarker
Yes, I'm confident it's there. As I said I believe the estimating processes based on drilling are reasonably accurate and reliable these days. And that's why I had no real fears that Coris wouldn't be supportive. Particularly as they own such a large chunk of HUM. I thought the share price might have gone a little higher today but it's not important. Once HUM announces commercial production and then continues to deliver the share price will take care of itself.And then there will be Dugbe.
Posted at 16/5/2024 06:09 by backmarker
To while away the time while we wait upon the next update re. Kouroussa I thought I would dream up some conspiracy theories. CT #7. Senior members of Coris and Corica engineered the down tools in order to lower the HUM share price Using aliases and offshore companies and the like they acquired HUM shares at depressed prices to sell later when work restarted and Kouroussa reached commercial production. The extension of the length of the debts owed by HUM produces extra interest for Coris.Enjoy.
Posted at 13/5/2024 12:24 by borderterrier1
backmarker Perhaps you would be better off responding to post 4549 on here from Hum mouthpiece Frank Campbell in 2018? You know, the one that says quote:- "Cannacord value Hum at 52p" and "this is a question of who has the balls to follow this through, to hold strong to the fundamentals and OPERATIONAL SUCCESS THAT HUM CONTINUE TO REACH TIME AFTER TIME." Then he SOLD OUT? Now THAT is REAL irony, don't you think? No prizes for guessing where the share price was in 2018 and look where it is today. Now, THAT'S what I call real "operational success!" Now, where's that Bonio.............?
Posted at 02/5/2024 04:36 by backmarker
BT, I have been invested in HUM for several years, starting at a time when they were 40p.I cannot say I have noticed any rash decisions.Over that time I have been invested in another mining company, AAU. Quite a different management style, but a small multi site gold explorer and producer as is HUM.Look at charts for these two companies over the last four years and they look pretty similar.So I don't accept your argument that the share price performance of HUM is purely a product of management competence, or even that management competence has been much of a factor at all.
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.
Hummingbird Resources share price data is direct from the London Stock Exchange

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