Member Info for the_shareminator

The company will be able to reduce costs for disposing of waste ore so reducing operating costs per ounce. Output last year was estimated to be 21,000oz. The POG was steadily above $1700 for the final few months of 2012 so despite high operating costs HMB should have benefitted. " In the meantime, the Company intends to build up its cash resources by deferring the proposed underground capital expenditure programme. The cash generation from the on-going open pit operations is expected to increase markedly in 2013 as a result of the scheduled reduction of the stripping ratio of waste to ore, the completion of the remedial works to tailings dam 3 and the ability to dump waste rock from the main pit into the depleted North pit, reducing the average waste haulage distance from around 5km to 500 metres. This more measured approach to the mine development will ensure that the business builds up its capital from internally generated cash flow from continuing mining operations, has sufficient time to optimise the underground development and ensure full compliance with the Kazakhstan administrative approval processes for underground mining." Underground mining in the relatively shallow zones that were being tested for bulk mining last year should resume in H213. A whole quarter of production with reduced costs and limited 'inhouse expenditure' should see HMB net $2.5m a quarter by my conservative calculations ($500 net profit per oz x 5,000 oz). So 3 quarters of production minus tax and management costs and HMB should have compiled enough to comission the JORC and resume the development of the underground mine. "The cash generation from the on-going open pit operations is expected to increase markedly in 2013 as a result of the scheduled reduction of the stripping ratio of waste to ore, the completion of the remedial works to tailings dam 3 and the ability to dump waste rock from the main pit into the depleted North pit, reducing the average waste haulage distance from around 5km to 500 metres." Remember the 21koz year end target took into consideration the reduction in underground mining volumes and the restraint on gold production caused by the tailings dam remediation works. We should expect around 5koz gold produced per quarter in the first half of 2013 followed by at least 8koz in the following 2 quarters once the underground ore is being regularly extracted. http://www.investegate.co.uk/Article.aspx?id=20120913151800Z3471

Was nice to hear what the new chief has to say. I was expecting news concerning Q4 activities but it now looks like we will receive a half yearly update instead. As has been said, cast out the bad and then announce the good news. I think the market is wary of new management and while changes are happening behind the scenes the big players will stay in cash. There is a risk of a placing at some point although i'd be suprised if the next update was a placing. It makes more sense for the management to continue with the 25km drill and update the market with output figures first. Prove Hambledon is run well and we will gain confidence once again. The not knowing is more frustrating than worrying for me personally. We know HMB can be a profitable outfit based upon the crappy open pit ore extracted last year. It won't be long now until HMB start milling the underground ore (3g/t) reducing costs and increasing output. Regarding the sells, if the MMs are happy to take them in quantity at this level then we should be happy to buy. Low volume suggests holders won't sell at this level, but buyers need a reason to buy so lets have a meaningful strategy update please Mr Assaubeyev.

Nice 1.4m buy earlier. emacd - I've been in a similar situation to you here although took no part in the takeover or lead up to it. With hindsight there was an easy 25% to be made from the 1.6 levels but nothing was certain at that stage. Next RNS hopefully won't be as you foretold lol, that was a good read though :) JLP look set to prosper off the back of a merger. Also trading RRR with spare cash but always keeping some for when they announced $10.7m cash back for sale of NAMA stake. CNR is trading within a range also but will breakout if good drilling results are announced in March which the market will expect imho. HMB I see as a good trade more than investment, especially with the way the gold price is performing and the lack of news here. 2013 should see the 25,000m drill programme complete and new JORC resource published. Not only that, the recommencing and ramp up of underground production. Currently also in BHR, RGM, IMM, PET, GGP and AVM. Best to take profits on peaks in any share presently (ignoring) the rampers and buy on the lows when the price is bottoming (ignoring the derampers). Working with AVM at the moment... terry - you are correct about the free float, a positive which may continue to improve now that institutions opposed to the takeover are out and those looking to enter will have to pay current prices (unless there is a placing ofcourse). WRES was a good ride up. Making anything here is good these days and glad you also made some. Cheers guys

terry - Aye been quiet here, no quarterly update which makes me think the BOD are now going to give us half yearly's instead (not sure on the rules/requirements though). Yep lots of hot air spouted over on RRR mainly from Mr Magic and mogo, but happy to be sat in RRR now. Strong support at 1p and Greenland definitive agreement days/weeks away now. BHR looks set for a solid year, have been in and out so far but not sure when to reinvest now, might try and hold out for mid 4s... Likewise mate, hopefully noone went all in. KEFI is a similar set up to ALO by the sounds of it, ''rich arab backer'' funding gold exploration. ALO is a bit too risky for my pf right now. Pure exploration plays are risky in current climate, so I'm just playing them by ear, taking profits when/where I can. emacd - Do you still hold 0.08% of company shares? If so you are better off since the partial takeover at 2p as shares have risen. 2p seems like the floor to me, lots of support and as terry mentioned, much of what you've said is known (and so factored in). Recovery rates have improved, check my previous analysis and grades for open pit have also. Underground ore is of a higher grade so when production of the underground ore begins we will see better grades and ofcourse more gold ounces.

Somethings happening :)

terry - Aye he's been there for a while now I think. Yep RRR are poorly run but turning a corner IMO and Greenland sale will provide a short term lift to the share price. New website and director options recently, signs of restructing the company before future rises. Nearly bought in here this morning but into JLP quite heavily now. Merger taking place done deal in the next week or so. Will be one of the top 5 Platinum producers, economics look impressive and with a rising Platinum price too! HMB's new management concerns me to be honest, they have everything to prove. Takeover value is just that and gives no indication of future company market value. The previous BOD failed to generate value for shareholders as we all know so nothing can be taken for granted. That said, we are waiting for a general quarterly update which will give us an indication as to how production and development of the underground mine is progressing. I'm not expecting any surprises. I would be surprised if targets for underground production are altered. I think H213 because by then they will be mining and milling the higher grade underground ore. Not before. I agree there should be steady news flow in the coming months. I wont go into details on here as always DYOR but lets just say they are nearing completion of the 25k drill programme... they will want those new ounces formerly analysed by a third party... Also tonnages are due to increase from 2012 levels with higher grade ore (3.5g/t compared with 1.3g/t open pit). By year end, with no hiccups HMB should easily be producing 10koz per quarter. I have a small holding in CNR but nothing like I had last summer. Think H213 will be good for investors there also. Likewise WRES will rise at some point as it nears production later this year. Keep an eye on BMR towards the end of summer also ;) Regarding ALO what are you expecting from them this year? Cheers atb

Saw this tipped on a number of LSE facebook group as a 'safe investment'... Not sure how a £11m with £100m+ net debt is safe!?! "Total net debt has continued to decrease and at 30 September 2012 was £106.2m (30 June 2012: £110.8m)." More of a recovery play imo.

Hi mate, good to see you back on the bb! I agree plenty to be optimistic about! I have HMB down as one of my 10 for the second half of 2013 purely because they are still in a development phase and transitioning from open pit production to entirely 100% underground production. Was that sole trade on the 30th your buy? I think anything under 2p will be fine come H213, but I've yet to dip my toes in. Currently awaiting important update on RRR which should net an easy 50% in the next two weeks and have limit buys set for KEFI at 3.33 and on BHR at 2.66 (always a little above the support levels). Holding the rest for now and won't sell as happy with them. How you doing these days? Did I see you on the IMM bb the other day? Hope you're making in this topsy turvy market atb :)

Called it a little early last October but SRB doing okay now, well down to those who got in sub 6p!

Recent tonnage / grade figures? -------------------------------------------- Total milled tonnes for Q3 slightly down on previous quarter from 179,156 to 167,242 tonnes. Grades up from 1.28 to 1.35 and considering August grades were 1.16 average! . - Quarterly production figures? ----------------------------------------- Gold produced from fell slightly from 5,917 to 5,875 ounces. . - Processing plant upgrade still scheduled by end of H113? --------------------------------------------------------------------------------- "Plant throughput was constrained by reduced tailings dam capacity which will improve in Q4 with the reinstatement of Tailings Dam No. 3." . - Recovery rates? ------------------------ A marked increase from 78/79% to consistently above 80% across the quarter. - Underground ore target scheduled for H213? ---------------------------------------------------------------- "During the past quarter a strategic review of the underground operations was completed which led to a decision to temporarily suspend underground operations. The contractor is currently completing mining of accessible ore zones and will demobilise from site in late October 2012 at which point capital expenditure on the underground mine will temporarily cease." . - JORC resource? No increase made since however the drilled resource has undoubtedly risen given recent results. Having worked through CNR drill results last summer, I would imagine HMB will announce a rather signifcant increase to current JORC resource once all the 25,000 metres have been drilled. Not inclined to work out what the results indicate in ounces as its time-consuming work. - Gold price? ----------------- Has risen off the floor mid 2012 from $1580/oz to around $1680/oz today. . Note: "Trial mining from the underground delivered 15,125 tonnes of ore averaging 3.32g/t Au. Some of this ore has already been processed and the remainder will be processed in Q4." Q4 results should come 3/4 weeks after Quarter-end. So expect further good news later this week.

Looking back to one post I made on the 16th July 2012 ___________ Improvements have been made as I will list below. - Total milled tonnes for Q2 increased from 146,080 to 179,156! Yes grades fell slightly from 1.33g/t to 1.28g/t but its hardly concerning. It is the same grade that was extracted in Q4 2011 and still 8% higher than the grades achived throughout the whole of 2011. Also grades are lower because the higher grade underground ore is being stockpiled for later in the year (when recoveries are expected to improve). - Gold production increased for a second consecutive quarter up from 4,870 ounces to 5,917 ounces. That's a 21% increase! - Now look at where this production is coming from - "Mining activities were primarily from the main open pit, with small quantities coming from the north pit." The works on the processing plant are scheduled for completion in early Q4 and will fuel a surge in output. - So the majority of Q2 ounces were from the main open pit. There was ore extracted from the underground mine but this has yet to be processed - "These underground ores are for the time being stockpiled until the planned improvements to the mineral process plant are completed in early Q4 2012, this will allow the high grade ores to be processed once the plant recovery levels are consistently above 81% and not at the current 78-79% recovery levels." - This underground milled ore grade averaged 2.66g/t across Q1. In April before HMB undertook the decision to stockpile the ore, the grade achieved was 3.08g/t. - "The mining of ores from the underground was temporarily suspended in early June and re-scheduled until mid-July to take into account significant water in-flows that diverted equipment from ore mining to a focus and accelerate infrastructure development" - expect underground mined ore to increase to levels this quarter to around those levels in Q1 (4,834 tonnes). This will be stockpiled, ready to process in Q4 once processing becomes more efficient. - Remember the resources remaining within the open pit mine are around 80,000 ounces at 1.5g/t. We are making huge steps towards production of the resources within the underground project area. This holds around 1.79m ounces at 3.5g/t gold and a further 2.4m ounces silver at 4.9g/t. The JORC reserve estimates have a grade of 5.29g/t. - Price of Gold has averaged around $1580/oz this quarter amid Euro uncertainty. This is around the sale price achived throughout 2011. The game changer is the transition from the remaining open pit resource to the underground operation. GLA __________ So 6 months on where are HMB at now? We can raise some new questions and make some new assumptions - Recent tonnage / grade figures? - Quarterly production figures? - Processing plant upgrade still scheduled by end of H113? - Recovery rates? - Underground ore target scheduled for H213? - JORC resource? - Gold price?

You ARE thinking long term! :) Freebies would be a good idea, but for me there are too many unknowns to leave anything in long term atm. Also any gains will be going back into the 'golden one' at some point. I hope you're right with this one though mate.

Something just below 24, but not today, probably tomorrow morning... Might be worth taking half out at this level though. What's your thoughts?

Looking good mate ;)

Haha well don't get too comfy lol, I jumped in here last week for a quick trade and still waiting... Had a great Xmas cheers mate, how's yours? Still have some golden tickets yes, but planning to grab a few more in the next month or two. BAO has been my main focus recently, the others are on the back burner atm :) You got your fingers in any other pies so to speak?

Are you in here too? :)

Looking good :)

Big jump up on small volume, back down to 17.5 - 17.75

But orders above 17.25 being filled

congrats with NVTA mate!