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They are back at work under the Step In arrangement and have stepped round paying Corrica, which that has already been RNSed. That is a just a dispute rumbling in the background: strong armed tactics failed.
What we need to hear is that HUM are mining in sufficient volumes and high grade to reach commercial production, sufficient to pay as they go under the new arrangement.
This week CEO is at the conference.
Expect RNS on Monday which give new investor time to join as the conference still in progress as well due to blasts confirms that we now process better material and output is higher +X%
They'd have to try and learn a new word then Anon and that would be too much effort
Darren, really?
IF they're back at work (and you're right, nothing has been confirmed yet), do you think they'd do so without a deal having been done?
HUM's Bod might not be the best, but I don't believe they will be getting the fleets back on false pretences.
Can't you naysayers leave dilution out of the debate for at least just a short while? It's boring.
Debt is worth 18.5p a share, as the balance sheet deleverages then that 18.5p has to come back to the share price.
I dont get that high a sp as we also have significant debt to include in these figures - however as noted a value for dugbe should be included which in my view is equivalent to the level of debt. Also aisc is likely to increase over time for the harder to reach gold and lower grade so I have a sp closer to 40p- still significant upside and if LOM is increased this will rise also
We are still in the dark in relation to Kouroussa, how can they be back at work when we don't have any money to pay them or has a deal been done to dilute us further?
There's no forward cashflow at Dugbe (yet).
First gold pour at Dugbe is minimum 4 years away, if we get a silly price of £1.28 a share before Dugbe progresses to a build then I would be seeing that as an opportunity to sell, rather than buy and I would be very happy to do so too.
But you can double that Bushy as Dugbe is worth the same again hopefully !!
BushyTailed’s post sounds about right at 64 pence per share
The share price over the rest of this year is wholly dependent on Kouroussa production. When we were promised 30k oz in H2 '23 the sp rose to almost 20p, when we actually got 4k oz it dropped below 8p and down to 5.7p when production halted altogether. The latest update says that the new operations team is getting 700 oz p.w out of the ground .. that barely covers the reduction at Yanfolila. But if they can honestly report April production 3k ; May 5k ; June 6-7k so that there is a realistic chance of 40-50k oz in H2 then I believe the sp could treble from here ... but I don't feel any institutional investor is going to pour money in here on projections given how useless Betts guidance has been over the past 2-3yrs. If Betts wants to rebuild some trust in his competency then he needs to provide actual production figures for the prior month in the first week of each new month for the rest of this year ... and they better be growing steadily at Kourroussa !
I wouldn't put too much faith in the simply world Street discounted cash flow calculations and here's why. .
£6.20 a share would give a market cap of almost five billion which would put hummingbird in the top half of the footsie 100. Very unlikely
In my opinion it would be much more worthwhile to use your own calculations, for example...
200,000 Oz multiplied by an ASIC margin of 800 dollars would give approx 160 million dollars. Multiply 160 million by the current reserves and mind plan of four years for an EBITDA/MCAP 640 million dollars.
Divide it 1.25 for sterling and we end up with a future discounted cashflow mcap of 512 million. Divide by the issuance of 800 million shares and we end up a share price target of 64p a share.
Imo much more realistic
'Sad when people missed the 8P entry a week ago'
I was one of those. Didn't expect such a strong 7 or 8 trading days, well done to the holders and hopefully it continues onwards for you!
I'm happy to let mine go for a £1 per share. Still a massive discount on Simply Wall St valuation. Form an orderly queue lol.
Maybe they meant 69p ?
LOL WHERE IS THE "LMFAO" EMOJI ON LSE BOARD.....
£6.19!!!!
I wish. I'd be sitting pretty on an island if that were the case. I don't think this company will ever see that kind of valuation.
Ball
Based on the Discounted Cash Flow model simplywall.st value Hummingbird Resources PLC at £6.19 per share ... #JustSaying
https://simplywall.st/stocks/gb/materials/aim-hum/hummingbird-resources-shares/valuation
I hate to jump on a ramp train, but it feels like there is some general confidence in HUM right now.
My contribution is fed rate cut on the horizon should also help stimulate gold and our SP into the year or 2 ahead.
urgh i feel dirty for pumping.
Ballio
Nice steady rise through the weeks ahead , we dont want any Spikes!!!!!
Level 2 is on the bed again, another painful day for the derampers and clueless
We've had two blasts since they said they were just one blast away
Should increase steadily over the coming weeks, as they dig out the high yielding gold deposits,
can see this going to 15p-20p over the coming months ahead, plenty of confidence in the market ,imo
Playboy, you're on the verge of going green for me, but I'm willing to wait a bit longer to decide.
What's up, you didn't have the bottle to get in at 6.5p or whatever it hit and feeling jealous?
Look, I don't trust this management either, but they make much of a supportive backer.
Basically the reward seriously outweighs the risk here, for me anyway, although I've mitigated it over the last few months with my trading shares, the last of which, I've sold the 6.7p ones for an average of 9p.
I've still got my sizeable core holding at sub 10p and Cannacord's target is 18p, which I feel should be easy to attain. I think this was up 19% early on today on the back of next to nothing really.
One stonking RNS and this is going past 20p, no danger.
Of course, if on the off chance a placing does happen, I'll be buying them at rock bottom again :-)
Why you should pay when terms were signed. I can imagine that maybe moving forward terms a slightly as max . You have to see the full contract length and not initial start costs only
Best guess - letting new investors in as conference is now before SP rocks
Assume a payment is being made by HUM. Otherwise their walkout would have achieved nothing. With $11 million in cash and gold and Corica ask much higher, one has to wonder if a raise is coming. Perhaps not and Corica/Coris are allowing deffered payment. I don't trust this management team though. I am surprised other people do, judging from the SP rise.