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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
We've had two blasts since they said they were just one blast away
Level 2 is on the bed again, another painful day for the derampers and clueless
Nice steady rise through the weeks ahead , we dont want any Spikes!!!!!
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
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
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
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 ?
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
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 !
But you can double that Bushy as Dugbe is worth the same again hopefully !!
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.
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?
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
Debt is worth 18.5p a share, as the balance sheet deleverages then that 18.5p has to come back to the share price.
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.
They'd have to try and learn a new word then Anon and that would be too much effort
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.
Need RNS to confirm all is back to normal