Member Info for OilyPete

Some big buys this afternoon.....Operations Update due next week. Get in b4 you miss your chance at this bargain basement SP

http://www.investegate.co.uk/Article.aspx?id=20120405181300Z1501

http://www.proactiveinvestors.co.uk/companies/stocktube/1050/hambledon-mining-ceo-says-by-the-end-of-the-year-the-underground-mine-will-be-flourishing-1050.html

£4 just been paid. Extremely pleased with this share today. Will hang on yet. ATB.

Looks like the 3 month chart has got this going back up to five quid again now after this mornings RNS. Tried to buy on ope and eventually got 2000 at 343p. Nice quick profit here hopefully.

Bought 300k at 3.5p

BOOOOOOOOmmmm!!!!! 40% rise in 9 days. Cheers AFF!

Through the proposed financing, the Bank will support the successful development of a medium–sized independent gold producer in Kazakhstan’s gold market dominated by a handful of large operators. Hambledon Mining plc’s development will contribute to the economic development of the East Kazakhstan region by stimulating economic activity.The Company will adhere to the ‘Publish What You Pay’ principles and implement an Environmental and Social Action Plan to bring EH&S in line with best international standards, including the adoption of the International Cyanide Management Code.The Bank will also be instrumental in ensuring that Hambledon Mining Plc implement high environmental standards across all its operations in accordance with the Bank’s Performance Requirements (PRs).

Proactive Investors also drew attention to another mining stock, Hambledon Mining (LON:HMB), which announced that the European Bank for Reconstruction and Development (EBRD) may potentially invest up to US$20 million to help the firm develop the Sekisovskoye underground mine. It is proposed that the EBRD would provide a US$15 million debt facility, as well as making a US$3 million equity investment and receive warrants worth US$2 million. “We are very pleased by the prospect of this partnership with EBRD,” said chief executive Tim Daffern. “The Board is excited about the future of the company which can only be enhanced by having the backing of a lender and investor of the stature of EBRD.” The company said that final approvals for the proposed investments are expected in the middle of the current quarter. http://www.proactiveinvestors.co.uk/companies/market_reports/37745/proactive-news-summary-tesco-new-world-oil-gas-orosur-mining-hambledon-mining-ipsa-0000.html

RTTNews reported that Kazakhstan gold mining company Hambledon Mining plc (received preliminary information regarding a previously announced fine for environmental damage caused by a rupture to the liner in tailing dam No.3. The company has been imposed a fine of approximately GBP 1.17 million. The letter didn't intimate any specific time period for payment of the fine. Hambledon said that it is appealing against the level of fine and is confident that it will be reduced. A court hearing on December 26th 2011 was adjourned and is expected to be held on or about January 5th 2012. The total amount of the fine will be expensed in Hambledon's accounts for the year ended December 31st 2011.

Yes, it´s rising and why not when they have nearly double the current market cap. in cash + 24%? stake in LOGP.

http://www.youtube.com/watch?v=M7alzhFMVqE&feature=related

LOL! Here is the type of cocky poster I was on about. Let him tell you about his mistakes and lessons learned. Only joking mate....though you can if you like..Abbadong and Britbeatzzz are all ears no boys?

Anyway, the best thing to do whenever you have made a loss is to learn from it and do better next time. Abbodong, I too have RMP at 18p and 22.75p last week so we will be laughing about our loss very soon hopefully. ATB and don´t let those cocky posters who seem to know it all boss you about. ;o) I took a few in WSX too but that is for pot-luck at the moment.

Strange we must have been typing at the same time. Stranger still we seem to have been psychically talking to each other about the same thing at the same time!!! WOOOOOOOO!!!!! LOL!!

Of course, trading in shares means learning from your mistakes before losing all your cash. I admit that I should have at least sold enough to get back my original stake before the RNS in hindsight. Something that I have read about but never followed. Of course the ramping that went on predicting 120p and higher from the sell off was ott in my opinion. I would have been happy with the magic 80p or 100%. Water under the bridge now and like you say a lesson learned. Good Luck with your trades by the way.

Sold the lot for a loss. Why? News that I expected has not come yet over contracts to be won through EDP. It seems there are better short term buys out there for now after the recent falls which are too good to be ignored. Keep an eye on this share though what this will be worth. Of course I am gutted to sell at a loss when I was at one point +80% in profit to -36% of my original stake lost. So that is that. However, if I can double what's left and then buy back in here at this very low price, I will have gained a lot more shares than I had before with a much greater potential increase in profit. You get me?

So what did you buy today? ;o) Sneidy eh?

Warren Buffet, I believe never short sold any of his investments. He only picked for the long term, he is I believe the third richest man in the world now after decades worth of experience in investing. True, the situation was different when he made his money and things were simpler with far less volatility now caused by electronic trades, CFDs and making money from predicting a fall in the SP which I loathe. The problem with the share price here is not that it is a bad company......simply investors can´t be arsed to wait!!!!

What about the subsea steel jackets for the wind turbines? A contract is looming as well as many others for maintenance. Also we have a large stake in LOGP. A bit more research and you will realise that the SP could jump up a lot sooner than you think. At least to back above the 44p which is what these are worth in cash and assets alone. http://www.proactiveinvestors.co.uk/companies/news/31111/seaenergy-increases-stake-in-lansdowne-oil-gas-to-246-percent-31111.html