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HUM Hummingbird Resources Plc

1.725
-0.115 (-6.25%)
11 Dec 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
  -0.115 -6.25% 1.725 4,315,250 15:58:09
Bid Price Offer Price High Price Low Price Open Price
1.65 1.80 1.875 1.65 1.875
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 167.11M USD -24.36M USD -0.0301 -0.57 14.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:58:09 O 167 1.65 GBX

Hummingbird Resources (HUM) Latest News (1)

Hummingbird Resources (HUM) Discussions and Chat

Hummingbird Resources Forums and Chat

Date Time Title Posts
11/12/202418:58Hummingbird Resources (moderated)15,472
11/12/202418:47Hummingbird Resources14,635
28/9/202413:52HUMMINGBIRD RESOURCES - multi asset gold company56
28/7/202306:50Series of videos on Hummingbird Resources1
13/2/202212:13Price1

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Hummingbird Resources (HUM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 15:58:091.651672.76O
2024-12-11 15:56:011.8010,000180.00O
2024-12-11 15:56:001.8010,000180.00O
2024-12-11 15:50:411.77197,0163,486.00O
2024-12-11 15:40:451.65200,0003,300.00O

Hummingbird Resources (HUM) Top Chat Posts

Top Posts
Posted at 11/12/2024 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 1.84p.
Hummingbird Resources currently has 810,280,000 shares in issue. The market capitalisation of Hummingbird Resources is £13,936,816.
Hummingbird Resources has a price to earnings ratio (PE ratio) of -0.57.
This morning HUM shares opened at 1.88p
Posted at 06/12/2024 15:45 by tigerbythetail
In other news, Mail have issued an arrest warrant for Mark Bristow, CEO of Barrick Gold (who have mines in Mali). The shakedown of Western miners in Mali is getting more and more intense.
I wonder how much the Mali junta want in "back taxes" from Hummingbird. It's almost certainly more than the mine (Yanfolila) is worth. The Mali military took Resolute for $160m - so I reckon they'll want $50m or so from HUM (HUM mine is much smaller).
How this ends? Kouroussa gets sold for about $50m, Coris pocket the cash. Dugbe goes unsold or gets sold for peanuts, Yanfolila gets nationalised.
Coris lose over $100m. All HUM's suppliers (esp. Corica) lose a huge amount, many go bust. Equity gets nothing.
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 07/11/2024 13:25 by papillon
What stupid, irrational, comments by Plat Hunter in post 15434. If you keep averaging down as the share price continues to fall you don't "reduce your losses over time"! YOU INCREASE YOUR LOSSES OVER TIME if the share price continues to fall! Very basic mathematics!
NEVER, EVER, FALL IN LOVE WITH A SHARE!
Posted at 02/11/2024 18:38 by tigerbythetail
Infinity, so you're looking at losses of £120K from here, which are quite likely to crystallise in the next couple of weeks, on top of the losses you presumably have already racked up. Wow! No wonder you're desperate and resort to lies so freely.
Don't you get it yet? Your investment is entirely dependent on Coris Bank doing what no bank ever does, and that is make nice to equity when the principal of a loan is in default and at risk.
Three side notes:
1. In all these pseudo-calculations about bank debt, people keep neglecting the money that HUM owe to Corica and all their other suppliers. HUM's total liabilities are in fact huge - and basically unpayable. It's carve up time, and Coris have the huge advantage of first charge over the assets. And equity, as always, is at the very end of the queue.
2. Assuming the US election ends with a clear victor, the price of gold can be expected to fall back in the short term. (Not that it really matters to HUM, as they are hedged at a much lower level anyway.)
3. I think there is a misunderstanding about the FCA. HUM shares are traded on AIM. But they are not a "regulated company" as such - that refers to stockbrokers, banks, NOMADs, and other professional bodies connected to the stock market. At least, I think that's right.
Posted at 01/11/2024 23:51 by trader465
BT a holder here sent me this reply she received from an alleged acquaintance at FCA

I've been unable to locate a firm called HUM plc (or Hummingbird Resources Limited), which means they're not authorised by the FCA. If they’re offering particular products or services (known as regulated activities), they would need our authorisation to do so.

I’ve also been unable to find an entry on our Official List for HUM plc or Hummingbird Resources Limited. The Official List is a public record of whether a company’s securities are officially listed in the UK

Please be aware that if you deal with a firm who aren’t authorised by the FCA, you wouldn’t have any protection in place from the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if something went wrong or if this was a scam. We’ll be unable to provide any assistance in recovering your money from an unauthorised firm.

I’ve today referred the information you’ve provided to the appropriate teams for their consideration. If they require any further information from you about this, they’ll ask me to contact you again.

I hope you will understand that it is often not possible for us to tell people about the outcome of any action we may have taken in response to the information they have provided to us. This is because much of the work we do with firms is covered by legal and policy restrictions on what we can disclose.

Your next steps

From the information provided , it appears that HUM is listed on the Alternative Investment Market (AIM) at the London Stock Exchange, you may wish to report your concerns to the AIM Regulation Team. I’ve listed their contact details below.

Phone: +44 (0)20 7797 4154

Email: aimregulation@londonstockexchange.com
Posted at 01/11/2024 22:25 by temujiin
RNS 24 Sep 2024 the Group had net debt of
Total $153.5m

Todays RNS
end of Q3-2024, Hummingbird held a net bank debt of approximately US$135 million ....in addition, the Company has approximately US$20 million of unsecured debt
Total US$155m

So HUM have essentially become commercially break evens during Q3, which is the rainy season.

This is both a positive and a negative, negative because POG is so high we should have been canning the debt by now, but positive that despite their gold hedge and the rainy season, HUM have stabilised their financial incontinence .

Also given Coris and HUM have 'an agreement on the wider restructuring being concluded on or before 6 November 2024', then imo, HUM have 'probably' reached a turning point. It could finally be the right time to buy.
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.
Posted at 27/9/2024 14:01 by tigerbythetail
The rumour I'd expect to hear is that HUM is being marketed - either entire, or its assets (all of them!) separately.
A sales process is the quickest way for Coris to get back most of the money that have loaned to HUM. (Of course shareholders will get nothing - HUM will be sold for less than the total value of its debts. We know the price for Dugbe (c. $35m to HUM), and given political risk in Mali, Yanfolia will go for very little ($20m?). That leaves Kouroussa, whose value is highly questionable, given its troubles so far.
The change in management will be to dress up the assets for sale.
As said, HUM's debts have some value - I'd reckon 50p in the pound. Its equity doesn't. It's over.
I only wonder how long will it take PIs to realise this?
Posted at 18/9/2024 08:04 by dickbush
"Insiders of Pasofino have confirmed their intention to subscribe for any common shares not subscribed for by third parties."

In the past 5 years of share issues by HUM Betts has never bought a share. If he is willing to buy shares in Pasofino it means it was sold very cheaply and he expects to make another few millions by making it more attractive. Where are the drilling results-due in July-that were financed by HUM buying another 2% of Pasofino?

PH

Toronto, Ontario--(Newsfile Corp. - January 22, 2024) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce a non-brokered private placement of up to 6,291,000 units of the Company (each, a "Unit") at C$0.50 (or US$0.37) per Unit for gross proceeds of up to C$3,145,500 (US$2,330,000) (the "Offering").

Each Unit will consist of one common share of the Company (each, a "Unit Share") and half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.65 for a period of 18 months following the issue date of the Units.

As disclosed in the Company's January 4, 2024 and January 11, 2024 press releases, Hummingbird Resources plc (AIM: HUM) ("HB PLC") a shareholder (51%) and control person of the Company has dedicated US$2 million of the proceeds of its recent fund raise to invest in Pasofino. Accordingly, HB PLC has expressed an interest in subscribing for 5,400,000 Units.
Hummingbird Resources share price data is direct from the London Stock Exchange

Hummingbird Resources Frequently Asked Questions (FAQ)

What is the current Hummingbird Resources share price?
The current share price of Hummingbird Resources is 1.725p.
How many Hummingbird Resources shares are in issue?
Hummingbird Resources has 810,280,000 shares in issue.
What is the market cap of Hummingbird Resources?
The market capitalisation of Hummingbird Resources is GBP 14.91 M.
What is the 1 year trading range for Hummingbird Resources share price?
Hummingbird Resources has traded in the range of 1.275p to 11.75p during the past year.
What is the PE ratio of Hummingbird Resources?
The price to earnings ratio of Hummingbird Resources is -0.57.
What is the cash to sales ratio of Hummingbird Resources?
The cash to sales ratio of Hummingbird Resources is 0.08.
What is the reporting currency for Hummingbird Resources?
Hummingbird Resources reports financial results in USD.
What is the latest annual turnover for Hummingbird Resources?
The latest annual turnover of Hummingbird Resources is USD 167.11M.
What is the latest annual profit for Hummingbird Resources?
The latest annual profit of Hummingbird Resources is USD -24.36M.
What is the registered address of Hummingbird Resources?
The registered address for Hummingbird Resources is 49-63 SPENCER STREET, HOCKLEY, BIRMINGHAM, WEST MIDLANDS, B18 6DE.
What is the Hummingbird Resources website address?
The website address for Hummingbird Resources is www.hummingbirdresources.co.uk.
Which industry sector does Hummingbird Resources operate in?
Hummingbird Resources operates in the GOLD ORES sector.

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