Member Info for emacd

an RNS to dissect.

sorry yes looks like its going to take news to prompt me to make any form of buy decision - I've used up my "shoot from the hip" quota. I see 1 or 2 recurring rolling trades by people hoping to profit from the news that's due and a few mad hatters jumping on as they stumble upon HMB. I think news will come in June. They'll bundle the shocking financials in with the commissioning of the u/g mine. Thankfully Assay has deep pockets, my guess is it's going to take till H1 2014 to get HMB into a position where we can all exhale with relief - get ur slippers and a drink! lol I got an itchy trigger finger for CNR, what u think of the pile they sitting on? Regards.

I am even more cautious of buying into hmb now, at this POG HMB is barely at breakeven if not losing money. I am licking my chops looking at CNR tho lol

what do you make of the today's gold shocks? is likely to be sustained?

ppl selling and picking up other opportunities, it may continue until we have some proper news - not empty promises. the wait continues...

starting to see some buying pressure, is this the new low? Has Assay stripped HMB of all it's assets yet? lol May join u soon, maybe Monday. At these levels even if there are delays to the u/g mine, assets surely cover this market cap 3 times over.

So STD Bank have probably had enough and demanded repayment of the not insubstantial ZAR 60M debt outstanding. I doubt they were to blame for the delays if they have been so accommodating since 2009. I still bank with them - they are a bank. Banks don't turn around and say sure "You can keep the car you've defaulted on and we'll get back to you in 4 years about repayment, np." IPSA still have creditors, not just STD, so they still constrained. They don't want to issue equity at these depressed rates because all the directors have been paid in shares for ages, they've elected for a 14% APR credit facility with something akin to a 30% repayment penalty. I can't see how I can infer that news is due within 90 days due to the terms of the loan. Bluestone want the option of an exit route after 3 months. IPSA might still issue equity to settle this loan before concluding the sale to avoid payment of the $2M resulting specifically from the sale of the turbines. (At least that is how I would interpret this RNS.) In our optimistic hope for a sale, it seems we will read any RNS through rose tinted glasses. I feel for the longer term holders here: this is one helluva frustrating wait! Bleh.

this is looking quite cheap, still incredibly risky though. We don't know where the new low should be, so it's very hard to gauge the risk/reward for HMB atm.

nothing more to it. The SP will drift again as everybody gets bored with this sleepy share. I am going to thumb suck and say we looking at a Q4 sale conclusion.

not in body. Somebody was asking what happened to the deposit: that went straight to the creditors, it never landed in an IPSA account, it was held in a Trust account, as per a previous RNS. Riffling through all the old RNSs, it builds a better picture of IPSA. The directors have deferred their fees for something like 60 months now, they have a whole bunch of shares instead. Presumably they'll divest when the share appreciates. The previous guy on the IPSA board took over Rurelec full time and resigned from IPSA. RUR got lots of expansion plans - I wonder if that company might buy the turbines? I should listen to that podcast again to check if they want to set up a plant with two turbines in the near future. Why can't IPSA come out with these sorts of expansion plans :( useless old biddy's - they really are asleep and out of touch with the local market.

to hear what little present Mr Daffern left behind... ruling upheld/delayed? Placing? u/g mine delayed? Missed production? It's looking more and more like Mr Assay may have been generous in his offer - he must be the only person invested now - lol. Brokers re-rate HMB to 2p last month too (which I didn't notice).

Was interesting to see a liquidation notification come through last night, although there is no way to quantify the costs they going to thumb suck for the last 6 months of "operating" - so we can only have a stab in the dark at their true share value. Certainly 5.25p is cutting it far too fine. Funny read (in a sad kinda way): http://uk.advfn.com/cmn/fbb/thread.php3?id=25463222&from=1&to=101

to be honest I was hoping for a bigger crash than this, they shoulda worded their RNS more negatively, lol

I did plan for this - although I didn't know the probability. I held off investing further, in this event. If I knew exactly I woulda sold an hour ago and bought now. It works both ways though and I could have lost out on a rocket :) Putting the other half in that I said I would.

I excited to see the market reaction on AltX, they're currently 2 hours ahead of us. If an RNS comes late in the day, there probably won't be time for them to react then - it might take a day or more for the SP to correct enough for us to benefit - its not really the same set-up. I really would like to see some Institutional Investors in this share, it tell me a lot that they not interested or unaware of IPSA. Ah well. Best.

I would just like to point out some improving fundamentals in favour of IPSA. The Rand always strengthens in the run up to Dec/Jan holidays and then retraces after this against the USD, so if sale goes through in the next few months, they should get better bang for their buck as the sale is priced in USD. Furthermore the ZAR is finally showing some strength against the GBP (or GBP showing weakness), it looks like its going to claw back all it's losses from last year. As the statements are priced in GBP this should be a nice boost to the figures. IPSA just need to get past this sale now.

You run a tight ship! haha. Agreed IPSA is a PI gig. Everybody will lose interest quickly, if they have to scroll through 100s of pages of "thanks", "bye", "atb", "luv u", "stfu u ramper", "f off P&D crew", etc etc. Us investors are fickle and lots of things can weigh in on a decision to invest or not. Now everybody stay on topic and say "cheese"! ;D

Well I must say that that was a step in the right direction. Daffern wasn't value for money at £300K pa - not that he cares with his huge payout (no offence). I suspect the new Saffa is - and we a much more clued up bunch when it comes to third world countries. Besides there is a project manager onsite everyday anyway. I think HMB might just have become an excellent short term trade now. My reasoning is if I were Aidar, I would have announced the bad news first and then said cheers to Daffern. Since he has departed before any bad news announcements - I suspect the next announcements will probably be a good one. Why would they want us to associate bad news with the new guy? Whoever was in the know for that 1.4mln trade probably thought the same as me and thought that the market would receive the news positively - he got burnt with that one, ouch, locked in for a £3K loss. Will just have to wait for the good news to get out now. I didn't think I would ever say this, but I think that HMB has just become a speculative Buy :) lol

It might be early to say with certainty, but I agree that this the resistance point. There is enough buying pressure at this level to sustain the current SP. Pity I can't see the trades on AltX for a complete picture. Without a doubt a 100% re-rate at these levels :) atb

Changed my mind - halved the amount I would have averaged down by - the other half goes in if the sale fails.