Hummingbird Resources Limited (PK) (HUMRF) Share Price

6 milly oz

HUM.L/HUMRF GBP$ .265

Hummingbird Resources is developing two mines in West Africa. They recently raised over US$71million to fund building the Yanfolila mine in Mali. Yanfolila has ~1.5million oz of resource. Capex was estimated at $80million so they need a small debt to cover the remainder of the construction funds and contingency. In addition to Yanfolila, HUM.L has the Dugbe project in Liberia with 4.2 million oz of resource. That project will be on hold until Yanfolila is up and running.

http://www.hummingbirdresources.co.uk/

Bought a few shares at GBP$.223 after financing was announced. Total share count is now around 332 million so still around US$100million market cap. Low for the ozs in the ground. One problem is the funds were raised just before Brexit so the pound dropped dramatically so their debt offering may need to be higher to compensate for the recent currency loss.

HUMRF bullish 0.3694

Hummingbird Resources is UK based mining explorer and development company with extensive operations in Liberia West Africa. They have a very good (imo) corporate website packed with interviews & tech information: http://www.hummingbirdresources.co.uk/

Please pay particular attention to recent news releases, Which I believe have been driving the stock of late, and you can decide for yourself if you feel this company might make for a worthwhile investment?

A week ago coming of the tail end of the PDAC show in Toronto, Rick Rule of Sprott was interviewed on BNN TV and named some prospective companies. One of three suggested companies he named was an unknown to me , and it aroused my curiosity. It is named Hummingbird Reources . It is a UK based gold explorer & developer listed on the London Stock exchange under symbol HUM . It also has a U.S. listing under stock symbol HUMRF. Alas it has no Canadian listing. Rules comments about Hummingbird are toward the end of the podcast.
here is a link to the Rule interview:

http://www.bnn.ca/News/2014/3/3/Rick-Rules-top-investing-ideas-Denison-Mines-Ivanhoe-Mines-Hummingbird-Resources.aspx