Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
on a day AIM took a pasting its interesting to see vgm stood its ground, 25p is looking like a good place to start building a position but then again I said the same about the last ten stocks i bought which are all now down.
id be interested to know which share you speak of is offering a quick return.
"since there has been no rns one must assume everything is going broadly to plan" if your mothers milk is still wet on your face you might assume that otherwise don't assume anything where paxton is concerned he never fails to surpirse and allways to the downside. Hard evidence is required instead of projected production estimates which never materialise for vgm to reverse the sp slump.
looks on the cards here, cant see this opening below 4p, if it does i'll be taking full advantage.
we dont need an RNS, nobody has to know anything, this rise is long overdue given the progress hmb has been making and the fact that gold is up 35% since january its a wonder it took this long. IMHO
a stab in the dark but with indicies losing trillions amid a global sell off and A.I.M down 8% in two days it's possible there is a connection. The management have their flaws but at this price and with gold rising no matter what it's one of the few stocks I'd be comfortable holding ATM. A buying opportunity on weakness if ever there was one.
I also read a standard chartered article forecasting gold reaching $5000oz recently, that combined with HMB's long term target of increasing production to 100000oz P.A. is why my plan is to hold for at least 6 or 7 years by which time the 100000oz target will have been revised upwards through further aqiusitions.
It can feel like fml is in terminal decline and the sp chart can't really be any more bearish, that said I'm confident that erlan and the team will deliver, I agree that there has been one positive rns after another and copper is near the year's high meanwhile the sp tanks. Its certainly frustrating but the BFS should be released anytime now which should hopefully turn things around with increased broker coverage and institutional interest then we can look forward to production begining this year, when exactly isn't certain. large quantities of patience i'm sure will be rewarded. GL
Oversold gold producers who have missed production targets such as vgm pgl and bzt have bounced off their 2011 lows whilst aaz is up 20% in the last two weeks so its dissapointing to see hmb still below 5p as sentiment improves towards goldies. Daffern however is implemeting a credible realistic operational strategy and the market will not continue to underate hmb for much longer. (Please share gods let me be right.)
pointless having a presentaion without quarterly production especially when daffern said update would be end of june, a missed opurtunity which i am sure is now troubling investors.
cant see one buy on friday with results due its starting to smell, I started to believe in daffern and the team, he was very positive in a recent interview surley there cant be any nasty surprises next week.
I may join you if this goes lower but having missed a ten percent bounce this week in emed and otc clearly im useless at calling the bottom and the same may happen again. My main concern here is the management's unreliable production forecasts.
I'm in at an average of 6.4 and im very happy with my holding as weve had a continuous stream of positive news since january, production to begin as early as sept although the most recent rns stated late 2011 which could mean oct or nov although given the obvious multi bagger here id suggest at least taking a nibble at this price. I dont anticipate any nasty surprises here and expect fml to even outperform the undervalued bzm. If production matches forecasts it has to imho.
Taken from this mornings rns production at the Benkala project is progressing in line with the stated schedule. At June 1, 2011 construction for the total project was approximately 65% complete. First production is expected in late 2011. I would have prefered to see september in there.
agree I am keeping a close eye on otc aswell but who knows when to call a good entry point in this market
Im just expressing my opinion that the sp performance thus far doesn't reflect the increased production, the plant upgrades and cost cutting measures achieved on budget and on schedule and with drilling results, improved grade recovery from the underground pit commencing q4 2011 and a further increase in production to look forward to the sp is lagging behind the vastly improved fundamentals but when it does catch up it could happen quite quickly IMHO. I for one will be holding until it does.
Having bought at todays price I was dismayed to see the sp fall below 4p on thursday. I really thought next support would be 3p - 3.5p as mining stocks are currently being beaten up for no apparant reason. I just hope its not a temporary reprieve. Its a waiting game at the moment and there's a lot of stored energy in hmb, in only a few sessions this could move up 50% when a rerating for gold juniors breaks. Alas i dont know when.
Good drill results may give us a few percent rise when they are released then after a day or so we will be at the mercy of market sentiment again which is winning hands down over fundamentals right now. I dont hold herencia but i noticed they released two positive updates this week and the sp is still down. It feels like your'e backing a winning horse, it comes in first then you dont get paid. Its not fair.
I have to remind myself. A profitable gold mine that sells gold as far as i know, which is near to an all time high, and the sp is down twenty percent in the last week. Stupid me for thinking that could add value to the company.
http://www.cnbc.com/id/43396080 (copper upside 5000$) when you read articles like this its hard to see why sentiment is holding us back. Seems at the moment no matter how complelling the situation junior miners sp just wont rise, just look at herencia two good rns in two days hardly moves the sp, its all risk and no reward at the moment. I keep telling myself not to look at my shares sp but i still do.