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 1.11% 22.75 212,828 11:57:49
Bid Price Offer Price High Price Low Price Open Price
22.50 23.00 22.75 22.50 22.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 91.39 -9.14 -2.30 80
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:44 O 26,369 22.80 GBX

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Date Time Title Posts
18/1/202013:56Hummingbird Resources (moderated)925
17/1/202013:40Hummingbird Resources7,885
15/7/201814:04Hummingbird Resources 201818
30/5/201812:52HUMMINGBIRD RESOURCES - multi asset gold company48

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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 22.50p.
Hummingbird Resources Plc has a 4 week average price of 20.25p and a 12 week average price of 19.50p.
The 1 year high share price is 29.25p while the 1 year low share price is currently 12.38p.
There are currently 351,826,899 shares in issue and the average daily traded volume is 790,944 shares. The market capitalisation of Hummingbird Resources Plc is £80,040,619.52.
casual47: The geopolitical risk is not more than some of Barrick's, Endeavour's etc assets. The reason the share price is low is because it still hasn't fully recovered from what caused it to drop from 32p to 16p. Given the operational recovery story and the gold price the share price recovery shouldn't be far away.
dickbush: Over the past month the gold price has risen by circa $75, about 13% of HUM's gold price net of the AISC in the third qtr ($573). Over the same period the share price has risen 12 1/2%. Taking a straight line through that, we'd need almost the peak of 2011 to have the share price rise to just 33p.
plasybryn: It appears from reading the Bulletin Boards (particularly LSE) that there may well be a degree of shareholder nervousness about a few issues and of course the weak share price. I therefore decided to email Robert Munro and as usual he was quick to respond. That in itself is always comforting. I will try & paraphrase his reply and hope this direct feedback puts to bed some concerns. 1. I informed him that I had read that issues had been put to the Co. but no response had been forthcoming. He told me he was surprised about this. He was unaware of any queries that were outstanding. But he promised to check their "info@" email address to ensure there aren't any problems with the system. 2. I raised the concern about the extended delays in the new Resource/Reserve and resultant extended Life of Mine statement. He replied saying that the Co. hoped to be making further updates on this in the near future. So obviously delayed,(well we know that!) but no reason to read more into this than that in my opinion. Lets hope near future, means near future! 3. I asked him about an issue which has been raised concerning a potential conflict of interest within the Betts family. This is a quote from a blogger on LSE:- "Betts Metals is part of the Stephen Betts group of companies. So Mr. Betts senior and by default Mr. Dan Betts, our MD, have a fairly substantial conflict of interest. I must admit this was news to me but Robert addressed this issue comprehensively. First he points out that there is full disclosure in their Audited Accounts with a number of independent non-exec. directors on the board as well. Fair comment. But importantly he described the system. Apparently all gold produced from Yanfolila mine is sold on at an arms length basis to Auramet International (hxxp:// As part of the Single Mine Origin (SMO) gold initiative (hxxps:// a small proportion of the refined gold produced from the Yanfolila mine and sold to Auramet is then purchased from Auramet at market prices by Hummingbird Resources Plc. This is then sold to Stephen Betts and Sons Ltd either in the form of gold grain or investment coins which are then in turn sold on to third party customers. Robert told me that for example the 1 oz Hummingbird gold coin is available (as we know) at hxxps:// So I can't see anything wrong there. Can you? So it sounds like shareholders are looking for problems here or perhaps putting 2 & 2 together and making 5. Perhaps understandable when the share price is so weak. The next set of results and these resource numbers should restore confidence in my opinion. Well I hope that helps, but if issues are still outstanding do email the Co.
rickyhatton: hTtps:// 1. Slides 5 and 6 table/graph are testament to the progress HUM has made and positive direction ... as reflected in the recent near doubling of the HUM share price. 2. In a recent interview Bert Munro stated that moving forward they are looking at AISC in the range of $800 to $ 850. So further AISC reduction can be expected in Q4 results, adding to growing profitability. 3. Similarly DB has recently stated in another interview that when HUM become net debt free next year he is looking to mark that event in some way for shareholders, such as by share buyback or special divi. I think DB is usually far more reticent to be specific on things than BM, so I fully expect it to materialise.
dickbush: I agree with that comment but also, IMO, the disappointment of the three quarters through the first quarter of this year have left many earlier investors with a somewhat jaundiced view of the company. Only if/when the operating results continue the progress of the last two quarters will confidence and the share price move into a longer term uptrend. In between results, the gold price will tend to dictate HUM' share price movements. That report on Seeking Alpha, estimating $70-85 mil in EBITDA now looks possible-assuming the POG holds around the current $1500 price. Fingers crossed
bookwormrobert: Redtrend! Read the RNSs and you'll see that you are wrong. And yes, Gascoyne was pumped hard on the LSE board of HUM a while back. Anyway, can't you hear what the HUM share price is screaming at you? For the rest, I can't be bothered with you. You really have no idea what I am and am not invested in. p.s. There is at least one clear instance of libel in your post - trust me, I've been trained in such things. So you would do well to be more careful.
fsjamescampbell: BT - You really are clueless! "new_buyer and Fsj. This share price is back to where it was in May 2015 now. Do you think this is because:- 1. It is a fabulous company, great management, Ceo and running like a well oiled machine, OR 2. It is a complete dog" Sadly BT this just shows you are totally and utterly inept, especially investing in stocks and shares! In May 2015 HUM share price appeared to be in the range of 30 - 35p, at that time they had around 95 million shares in issue which valued the company at around £30 - £31 million. The total amount of shares to date stands around the 350 million mark giving a MCAP of around £84 million with a share price of 24p! The company has raised over the critical years to explore, develop, procure, build and now run a gold mine and processing plant. The true value in reality is probably around the £130 million mark which would give an share price of 37p (some would seriously argue this share price as being valid given the value of HUM assets in both Liberia and Mali). However, as we all know sometimes MCAP of companies can be off on a tangent both high and low, many firmly believe that HUM value should be well above the £100m mark and given the above asset assessment this would be fair! So BT, regardless of sp, the value of the company is higher in today's market than it was in 2015, the MCAP is higher but the more shares in issue today bring the current diluted value down to 24p Next.....................
lurker5: Re Align Research I see that Darola, despite 10 years as a 'investor', still can't spot dud 'research' ! Clue No 1. What sort of nerd states a 'target' share price to two decimal places ? Clue No 2. What sort of nerd forgets to deduct $60m of Cora debt from his 'Sum of Parts' ? Clue No 3. What sort of nerd has so little experience that he thinks a SoP is ever achieved in practice ? And why would anyone pay right up to a 'target' price ? So why would it ever be hit ? Clue No 4 What sort of nerd includes a $33m 'value' for Dugbe when a) he admits a partner will have to come in and take away part of any value and b) he uses an 'average' EV/oz of a set of 'peers' all at more advanced stage with better quality 'resources' and where most are well below his 'average', but which latter is inflated by including a tremendous 'outlier' - Mombore - which has all permits, is far more profitable, and in a better jurisdiction. Clue No 5. What sort of nerd quotes approvingly of a Dugbe 29.4% irr (not that exciting) and doesn't understand that the 10% 'free carry' for Liberia that he mentions will reduce that to 25.8% (marginal for a miner) and the NPV10 by a massive 20% from $184m to $148m ! - quite a big drop, but unrecognised. Many other clues to nerdism too numerous to mention, but not least that a theoretical NPV value has never, ever, been achieved or even closely approached in practice (for which there is a very good reason never admitted by the analysts who put them up) by any of the 70 or so junior miners I have followed closely during the last 15 years even including the 2011 bull run. And last but not least, why didn't HUM jump for joy when its broker put up an even bigger 'target' a year or so ago ? - Why ? - because the savvy know that such 'targets' are bogus ! The analyst puts them up to satisfy either his client company or his broker employer touting to sell the shares to the non-savvy. To achieve a juicy looking one he will inch up by dodgy means every single element of a SoP! I know, because I worked in that world for many years. It is, of course, possible that Gonka will come partially to the rescue of a sharply declining cash flow from Yanfolila over the next few years and a consequent falling HUM share price. But its not certain yet, and there are other uncertainties for HUM meanwhile. So we should all commiserate with poor old Align if its 'conviction' led it to buy the shares in July at 30.5p ! And it is, of course, possible that gold might also come to the rescue. But a recovery will have to see a really determined and sharp, and such a a 'violent' uptrend has been regularly forecast as 'imminent' for almost as long as I can remember ! By popular demand I'll out similar nerdism in HUM's latest presentation when time permits.
fsjamescampbell: Why is he still talking to me.......... Ok BT here it is in a nutshell........ Fundamentally HUM is astounding, they have hit every target during financial raise, pre-project planning, project procurement and execution, mining operation cross over with end phase plant construction, mining operation cross over with end phase plant construction and then commissioning, first gold pour in which our very own CEO Mr Dan Betts got stuck in with a shovel and helped to bring the first gold pour to fruition, positive and remarkably fast ramp up stage, announcement on commercial production within 3 month phase in 2018, very positive first full commercial production quarter with 38700oz of gold sold of which 33101 was produced during that first commercial quarter netting $50m to the war chest of which $20m was free cash, reducing net debt down to $15m!!!!!! SP has underperformed for reasons we can only speculate, the likely culprit is retail selling due to fear, boredome and frustration, institutions mopping up said shares at low price due to lack of competition, brokers happy "honour" the big insti as they are likely a huge fund with millions of capital spend in many sectors over the financial markets. BOD - have delivered but comms at crucial times like the site incident has been perceived as poor, as others involved like AMS reported "all is well" HUM took the stance that during their first ever commercial production quarter they would lay low, maybe this turned out to be the best scenario or maybe it didn't. DB made the comment about nt buying shares to the caller on the cc and it came across wrong to PI's because the chap was only asking the question, a fair response in some respects, if DB sells shares it could hurt the sp, but maybe if the share price was above 50p and DB sold some shares it may only knock the share price 15 - 20% which could easily recover over a period. Maybe more updates on the current drill plan via social media, some more tweets from the gold room, tweets and statements about the mining operations, how is KW getting on the topsoil removal and so on. Updates on BH via social media, maybe a statement / RNS stating that "HUM operationally are delivering and they know of no other reason for the recent drop in SP" I suppose that is it in a nutshell BT - Operationally cannot find fault and some!!!! Fettling the market and instilling full confidence in the market with timely social media updates and RNS updates on more sensitive progress - could do better. Retail appear to be selling and a larger buyer is gladly mopping up, new retail investors will return at some point, probably very soon given drilling updates are probably only a few weeks away, Q3 results landing around 8 weeks time and so on. The lower the share price and the more weeks we gather "free cash" will certainly boost the share buy back when this can legally happen as the shares to be bought back will be cheap and HUM will get more for their money, less shares in issue than anticipated and therefore the share price will move forward at a superb rate, interest will be further generated, shares will be more liquid and sentiment will be very high. Solution - Patience, top up on lows, keep accumulating if funds allow given the stonking fundamentals, why? The risk is far lower the closer the bottom you get to, then the turn comes and it doesn't have to go very far forward to bring your losses back in line, then when it gets back to reasonable and true trading levels you are in more profit than you were last time. Retail investors are manipulated through fear of paper loss, what if i don't recover losses, some other stock looks ripe i will try and recover over there and come back and so on and so forth...........its a game, most company fundamentals are poorly researched by the mm's and they look on BB's and social media to judge sentiment, they then play on that either in a positive way to walk up a share or negatively to walk down a share. Its all a game, turn off, believe in the fundamentals, because they are without doubt and without debate some of the strongest fundamentals around for any AIM stock. Thats it BT - The story so far!
jonnycash1: Thanks for your views. Perhaps the elections on July 29 are a focal point. The situation seems to getting worse and that may be a factor for HUM share price. When something looks to good to be true, it is. My problem is why is this stock so cheap. I don't know, but there will be a reason. If I knew what that was, I would be more inclined to buy in.
Hummingbird Resources share price data is direct from the London Stock Exchange
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