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Aim have to be struggling with their credibility. A simple ranking system giving companies a score 1 to 100 for delivering what they claim in an RNS would support shareholders. Just read about a company that loses 3 million every year with out fail the CEO can earn 375 thousand plus expenses....who would take a bet that he flies economy.......we are all mad
I have accepted my loss, but wonder why it took so long to reach this what seems to be an instant decision. And the cost involved because of the time it took, legal fees, additional shares purchased. I wouldn't mind an update on the insider share holdings at the close of the business. and remember although insider shares have a cost to insiders no money actually exchanges hands, its part of earnings, i wonder if any off loading was done here after warning shots were fired ages ago, None of this will show in any final accounts, because there doesn't have to be any. The admin guys just protect what ever assets that are left and generally dont pay outstanding bills.
I agree but from experience administration means debts out way total possible value and that does mean nothing for share holders.
My SIPP account sent me a note today about the administration........they are already no value they dont waste time.
to where they wanted, its terrible when you think, just cant beleive it. Just think you could even cover a takeover this way. And we all know this is based on provisional order book enabling them to plann this.
They should alter the terms of acceptance or imput a clause to prevent this from happening in future
This has given me a chance to get back some losses. You all know what aim will do to this SP starting with the close today then the steady claw back, cant believe they let it go so high.
John Craven, chief executive of Cove Energy which has recommended a £1.1bn takeover by Royal Dutch Shell, has emerged as backer of a new Aim-quoted oil explorer. Steve Staley, a non-executive director of Cove Energy and proposed chief executive of the new venture, confirmed that Mr Craven would be a shareholder and sit on the advisory board of Fastnet Oil and Gas, being created out of a reverse takeover of Dublin-based Terra Energy by cash shell Sterling Green. Mr Craven will not sit on Fastnet’s main board. However, Michael Nolan, Cove’s finance director, is a proposed non-executive director of Fastnet.
Just for stimulation a dream would be for something like this to happen...........................Cove Energy (COV) is to be bought by PTT Exploration and Production after reaching an agreement on a 240p a share cash offer, valuing the upstream oil and gas company at just over 1.22 billion pounds. The price represents an impressive premium of 113% on the closing price of Cove's shares prior the the group's announcement of the proposed sale of the company back in January. Cove Energy shares jumped 26p to 250p.
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Following the completion of the Transaction, Legendary will be a shareholder in Fastnet Oil & Gas Plc and the value of Legendary's investment in Terra is expected to generate a return in excess of 100% on Legendary's investment of 12 months ago. The Transaction demonstrates Legendary's ability to source and take positions in companies that are considered to be well run and have a near to medium term catalyst to increase value"
Someone who understands these things............. Is it likely we loose money on our share value when they do this 38 for 1 business? to revalue our shares?
http://markets.ft.com/Research/Markets/Tearsheets/Forecasts?s=HMB:LSE As of May 04, 2012, the consensus forecast amongst 4 polled investment analysts covering Hambledon Mining plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on May 12, 2011. The previous consensus forecast advised that Hambledon Mining plc would outperform the market. Previous recommendations
Slugworth........ Thanks
Not good at this some of the main article is missing oops
Harry Norman from Proactive Investors talks to Tim Daffern, CEO of Hambledon Mining. Listed on the AIM market mining sector, stock ticker HMB, share price 3.28p, market capitalisation £30.2 million. www.hambledon-mining.com. Harry Norman: On the 22nd of February, the European Bank for Reconstruction and Development agreed to invest US $20,000,000 in Hambledon Mining. What are the terms of this investment and what do the EBRD see in Hambledon Mining? Tim Daffern: The investment by EBRD is broken down into $3,000,000 of equity, $2,000,000 worth of warrants exercisable within two years and a $15,000,000 debt facility broken into two tranches. The first $10,000,000 of which is to come into Hambledon in the next six to eight weeksand another $5,000,000 after an operational benchmark for the underground mine has been achieved which we believe will be at the end of this year. EBRD particularly like Hambledon because of its strong commitment to environmental management, social development of local people and the development of the major project in a poverty stricken region of north east Kazakhstan. Harry Norman: Please talk Investors through the production and cost benefits of the Sekisovskoye Gold Mine Improvement programme. Tim Daffern: When I joined Hambledon 16 months ago the company had a number of historic issues which were identified to the Board and we set about a programme where we sought funding from our shareholders in Q1 of 211 and have used those funds to improve our waste management, maintenance and engineering programmes, refurbish infrastructure and deal with large quantities of waste that have been left behind in our open pit mine. This created a spike in our operating costs to $1,000 an ounce. This year as we continue and finish off our improvement programme we look to see our cash costs come down to around $900 an ounce including royalty and all regional office overheads. Harry Norman: What can you tell Investors about the transition from open pit to underground mining at Sekisovskoye and how the higher grade underground gold ounces will benefit production figures? Tim Daffern: Over the last few years Hambledon Mining has achieved production of around 22,000 ounces per year from our open pit mine that will continue through until the end of 2014. Over the last two and a half years the company has invested in excess of $20,000,000 which has been put into refurbishing shafts, constructing declines and underground infrastructure to bring the underground mine to light which we did in early November 2011. Since then we’ve mined approximately 30,000 tonnes of ore and processed around 17,000 tonnes. As we start to bring the higher grade ore into our process plant, this year we will see around 30,000 ounces produced and then step by step increasing up to over 100,000 ounces over the next five years. The underground ore allows Hambledon to expand its gold production. Harry Norman: Hambledo