Member Info for Slugworth

Still shows 2.37 - 2.4 for me, but I hope it ticks up soon! I wonder if we will break 2.5 today? I was thinking today would be another nice one, but I wasnt expecting this much!

BOOOOOOOM!!!! 2.37 - 2.4 Where did that come from?!??!

2.25 - 2.3 Looks like another day of rises, great performance so far this week! Get in now before its too late!

2.05 - 2.1

Looks like we're moving up. Is this news getting around? Are we about to see a huge surge?

Tim Daffern: Harry, very undervalued. I have continued to put my own money into buying Hambledon shares and will continue to do so because I believe in the company over the long term. I think that the shares at the moment are significantly undervalued and along with recent research analysts believe that the share price is due to be well north of 10 pennies as soon as we get moving forward over this next 10-18 months. And I feel that the market doesn’t appreciate the significant efforts gone into developing the underground mine and the development of the Akmola project and I think once people see thisour share price will rebound significantly. Harry Norman: What can you tell Investors about the Ognevka project? Tim Daffern: The Ognevka project has been fully written down by the PLC and is no longer sitting on our books per se. Having said that the Ognevka project has recently been through the liquidation and bankruptcy process here in Kazakhstan which is distinctly similar to the process we would have in Western Europe. We’re the senior creditor for that bankruptcy and the auction which occurred recently will see the majority of funds, after administrative expenses, forwarded to Hambledon so we’ll all get a modest but welcomed windfall in the next few months.

Tim Daffern: Harry it’s a balmy -16 degrees as I sit here and talk to you from the commercial capital Almaty. It’s been a pretty normal winter here. We have a Siberian climate but we had the -45s earlier on in this year but that’s normal for Kazakhstan and nothing to worry about. Q1 has historically, and will be until the open pit closes, a time of reduced gold output for our business. The coldness is a difficult thing to combat but ultimately we’ve made some good improvements last year on Q1 and we see this year’s Q1 being a little bit better than last year’s Q1. So we’re seeing good winterisation improvements. Operating in Kazakhstan is not for the faint hearted, it requires determination, conscientious approach and a profound ability to deal with bureaucracy which is a component of dealing with the regulators and the administrators here. But the flip side of that is tremendous people with a great work ethic, a great sense of humour, tremendous loyalties for the business and very well trained under the educational system here in Kazakhstan. So I think the advantages outweigh the disadvantages many fold. Harry Norman: Following the deal a week or so ago with the European Bank for Reconstruction and Development, what can you tell Investors about Hambledon Mining’s capital structure and financial situation going forward? Tim Daffern: The capital structure is that we’ve now received the funds from the institutional placing so that was around about $8,600,000 which is now in our local and PLC bank account. So we’re cash positive, generating good cash from our sale of dore to Metalor **[0:07:09] in Switzerland. The capital structure allows us to keep a modest debt on our balance sheet and to enable us to service that debt easily and simply over the next couple of years. We’ve got a $26,000,000 capital development programme in our process plan infrastructure, most importantly focused on the underground development and the Akmola Gold projects. So we’re well funded for the next 12-18 months and very pleased with our current cash position. Harry Norman: What can Investors expect from Hambledon Mining over the next 12-18 months Tim? Tim Daffern: An increase in gold production from the current 22,000 ounces up to around 30,000 ounces. A good news flow through drilling results, development of the underground mine, commencement of operations and development of the Akmola Gold projects and continued news about the improvements we’re making to make the infrastructure at Hambledon Mining Sekisovskoye project robust and serviceable for the next 20-30 years as we expand our group. Harry Norman: How undervalued do you consider Hambledon Mining to be? Tim Daffern: Harry, very undervalued. I have continued to put my own money into buying Hambledon shares and will continue to do so becaus

Harry Norman: Hambledon recently reported some underground drilling results from Sekisovskoye including nine metres at 10.9 grams per tonne gold. Please talk us through the state of reserves and resources at Sekisovskoye and the prospect for increasing them. Tim Daffern: Over the last year or so we have completed some 12,500 metres of diamond drilling with some tremendous drill results that you’ve just articulated Harry. We’ll continue with this programme this year and early into next year. This has allowed us to commence a robust review of our mineral resource models which have been partly completed by an independent geologist from Great Britain. This person has been assisted by two highly regarded specialists from Perth in Western Australia. We hope in May to release the results of that mineral resource and mineable reserve estimate to the market and full details of that will be set out in our annual report, again released in early June of 2012. Harry Norman: What can you tell Investors about the tailings dam leak incident at Sekisovskoye and progress with the company’s appeal against a fine of £1.17 million? Tim Daffern: The tailings dam incident in late October last year was a great shock to all of us and a real disappointment after the improvement programme works that had gone on during the year. It was a modest leak and there was no long term pollution to any of the surrounding environment and operations resumed very quickly. We co-operated fully and transparently with the local Kazakhstan authorities and regulators and we are confident that with our scientific approach that we’ll be able to refute the current claim for costs against the company. We do not believe that there is any long term effect to the company or its operations because of this incident. Harry Norman: What was compelling about Hambledon’s recent acquisition of Akmola Gold with deposits at Tellur and Stepok? Tim Daffern: There are two compelling reasons, **[0:05:00] the infrastructure, the low cost of buying half a million ounces of gold for around $5,000,000 and the fact that we’re able to fairly quickly develop the Tellur operation so that it’s operational and cash generative next year. The acquisition allows us to reduce our overall cash costs for the group which allow us to maximise cash generation, a fundamental feature of our business model and allowing us to improve the development of all of our projects through cash rather than through debt or equity raising. Harry Norman: What is the temperature today in Kazakhstan? What can you tell us about how production is holding up at Sekisovskoye this winter? And what are your thoughts on operating a mining company in Kazakhstan? Tim Daffern: Harry it’s a balmy -16 degrees as I sit here and talk to you from the commercial capital Almaty. It’s been a

WOW, that is an incredible link, absolutely great news! Many thanks for sharing that one. Methinks now is a great time to top up!

Can you post a link, or cut and paste the text here please? Many thanks

Going up again, 2.05 - 2.1 Looks like it could be another good day!

2 - 2.1 Off to a flying start! 2.05 offered on sell

Possible RNS tomorrow, end of year results? Last years RNS was at the start of May.

Climbing fast! 1.95 - 2.00

1.92 - 2.00

1.92 - 1.95

I understand that all fines have already been accounted for, and that the company believes it has a good chance of recouping a sizable portion of those fines.

Live price 1.90 - 1.95 1.93 being offered on the sell. Very nice rise so far today!

Judging by last years RNS's, there should be the end of year report soon? Possibly next wednesday? Does anyone know?

Check out Hambledon Mining (HMB)!!! Currently trading at 1.9p with a target of 19p, rated strong buy. Production and profits have both seen sizable gains in recent years, with EPS growth at a whopping 1800%, and full year results are expected in the first week of may (this based on last years RNS/news). They are also currently in talks to buy Akmolo gold LLP, although there seems to be interest from a 3rd party, so this takeover is not yet certain. I personally feel that this has great prospects!