Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not before results day
Surely they now need to put out a statement to say that talks are ongoing and that they see no reason why ...
Hi, a transfer to is usually between spouses which is likely to offer tax advantages. Tobey bought 40,000 shares recently. Nothing otherwise
That’s a pretty minimal statement. No updates or statement of confidence in the future
Hi, to vote if you hold shares via AJ Bell, you need to send them a secure message stating how you wish to vote for each resolution
Let’s hope you’re right BT. I just hope that management stop shooting own goals operationally and get their act together. I think they have been in the last chance saloon for a while. We all agree that this company has great potential, we just need management that can make it happen.
BT, any way you put it, in their situation you would be pretty upset if you agreed what you thought was a good deal and the value then halved. They would have had competition & Dan telling them how the price would double rather than halve. I'm invested so i do want the price up but I think that the catalyst is going to have to be Dan's exit & a better CEO put in (or a takeover)
Murray is still listed on the senior management team on the website
So, BT, would you be happy getting a deferred £10.5m locked in for a year to find it worth half that amount? I think you’d be asking Dan some difficult questions. I know that I would. Also interesting that Murray isn’t signing off the drilling. If he’s been moved on / resigned shouldn’t we be told?
With Betts at the helm, it is always a case of being unlucky. He has had enough chances to get this mine working well. It should be an absolute cash cow. He has to go.
(Sharecast News) - Analysts at Canaccord Genuity cut their target price on mining firm Hummingbird Resources from 35.0p to 25.0p on Tuesday, stating now was the time for the firm to regain the market's confidence.
Canaccord said that despite its "continued belief" in the "compelling value upside potential" of Hummingbird, it now reckons repeated operational setbacks had eroded of the market's trust in the company to deliver on that potential.
Following the emergence of further operational challenges at the firm's Yanfolila project during the third quarter, the analysts moved to adjust their estimates on the firm, now expecting it to produce around 97,000 ounces of gold this year, down from 103k,000, slightly below the bottom end of the 100,000-110,000 ounce guidance range.
In line with company expectations, Canaccord has modelled a "significant improvement" in output during the fourth quarter to make it the strongest quarter of the year, but just not quite strong enough to hit the company's target of the bottom of its guidance range.
The Canadian bank said it now sees full-year underlying earnings falling roughly 30%, while its net present value has moved down from about 37.0p per share to 23.0p.
"We believe our modelling of HUM is conservative, but prudent given the repeated disappointment HUM investors have suffered in recent years. We reduce our target price to 25.0p (based on 1x NPV, rounded to nearest 5.0p). Maintain 'buy' rating," said the analysts.
Actually I think the £4.80 is as at December. And excludes the 38p uplift related to recent sale. Just bought some more
Current sell price is 21.5p and Buy price is 21.375p for smallish volumes. High trade volumes so is something afoot?
I have been invested since before the mine started producing. It is all very well for the board to do deals but they need to look after the costs in order to realise the full potential. I have no confidence in their ability to manage costs so I now think the best solution for shareholders to realise a profit is for the company to be bought out. I'm not sure that Stalker is necessarily the answer but I am happy to add my shares to the group looking to replace Dan Betts. I imagine that other producers will see the company as a lame duck.
Hi Balerno
WhT did the article say as I couldn’t find the note on the website?