Member Info for the_shareminator

I'm sorry to hear that, hoping your fortunes turnabout. I'm out of most of the riskier miners I was in earlier this year, the likes of SRES, KEFI, HMB and steering clear of oil shares for the moment, dodged a major bullet with MXP. I'm sure people will make money from them in a couple of months time, but best to cling to capital and ride out the rough times and invest once the tide turns if you get my 'drift'. I completely agree about the financing issues and sadly many pi's from what i've read completely disregard this factor when it comes to making an investment decision - ECR being one of those dilutionary monsters! There are plenty of shares that appear cheap but just keep falling, RGM and BMR are two i've been drawn into and sitting a loss right now. If you are switching to oilies stick with the popular bb boards like GKP, XEL, RKH etc. There are some knowledgable posters out there. Condor Gold is the leanest fish in this market, I've yet to see a stock offering better value with lower risk. The key to our success is now having access to the UK and Canadian markets as seen in the most recent placing, which was conducted to institutional investors only at a fractional discount. 1.6moz targetting 2moz year end, exceeds all targets to 2.4moz and this is based mainly on the La India concession. We are due a PEA this month which will outline economic scenarios including the NPV. I've worked a few calculations (see my post from Nov 10 with link) if you're interested. Plenty of value still left in that one mate even if you're only after a 20-25% return. Got WRES on the watch-list, are you well researched with that one? WLFE and WRES do look good resource value plays but not sure what catalyst will cause a sudden interest in the share price in either. Like so many AIM shares, resources are not properly valued in current climate (BMR, BHR, BAO). Producers or stocks in favour look good from here, check out POG and recent chart activity. Factor in a rising FTSE and price of gold (which will impact quarterly sales) and should see a nice return there if you've got spare cash. As always good luck mate and watching here with interest :)

I can't see any reasons why not to at this price unless you think the 20% discount to offer is not large enough. That said I'm not comfortable throwing my £6k back in after working the initial loss back with my last few top ups. Not in here atm but might be worth throwing a small amount in for long term. Currently in a number of other goldies including CNR, POG, CMCL and GGP (avoid the latter). Hope your well and making money in this market atb

Consolidation and dividend payments annouced! Interesting to see how the market reacts in the coming weeks.

Evening all, interesting article but beware the promises ;) http://minesite.com/news/hambledon-brings-in-some-big-central-asian-guns-to-help-drive-growth

Interesting figures in the results highlighted by todays Edison report. "Yet again Caledonia (CMCL) released an impressive set of operational results. In Q312, the Blanket Mine produced 12,918oz of gold, 12% higher than in Q212 (11,560oz) at cash costs of US$508/oz, 7% lower than Q212 (US$547/oz). Indeed this was the Blanket’s highest quarterly production rate since opening in 1906. Net cash flow from operations (before capex) was C$12.4m (vs C$8.6m in Q212). An exceptional charge was recorded of C$14.1m as CMCL vendor facilitated the sale of 41% of the Blanket Mine to Indigenous Zimbabweans, resulting in an attributable net loss after tax of US$7.2m. CMCL’s cash and cash equivalents increased 34% to C$24.6m (from C$18.3m at end Q212)." http://www.edisoninvestmentresearch.co.uk/researchreports/CMCLFlash141112.pdf So in Q312 C$12.4m cash flow before CAPEX was generated from 12,918 ounces after cash costs of $508/oz which equates to $960/oz. The gold price was not averaging $1468/oz (960+508) through the third quarter, it was actually US$1,673 per ounce according to the RNS so the remaining $205/oz went where exactly? According to the RNS, the gross profit figure was C$12.6m, ie after depreciation, amortization and other costs but before administrative expenses so the cash flow figure of C$12.4m suggests administrative expenses of C$0.2m ($15/oz). Looking at the Half Yearly's, Royalty expenses were deducted before the sum of the gross profit figure so that would be the additional expense. Some impressive figures there though, and especially with the intention to increase production from 2015 by 70%. The cashflow figures for Q212 in contrast were C$8.6m cash flow before CAPEX generated from 11,560 ounces after cash costs of $547/oz which equates to $744/oz. Given the POG averaged $1599/oz there was a missing $308/oz so this figure has considerably fallen in the following quarter, probably attributed to the 50% increase in cashflow this quarter, a good sign of things to come GLA

http://www.investegate.co.uk/Article.aspx?id=20121102120200Z0487

Well done all! Absolutely no way of knowing about this. At least this RNS clears up where NB's 9% holding went... Albeit some days late... If only they had clarified this sooner!!! Blackwill Trade Limited (a party connected to and acting in concert with African Resources) entered into an agreement to acquire 88,448,936 Hambledon Shares (representing a 9.02 per cent. stake in Hambledon's existing issued share capital) from Nicholas Bridgen, a non-executive director of Hambledon, at 1.8 pence per Hambledon Share on 28 September 2012. The sale was completed on 22 October 2012. Seems they knew something was happening hence the willingness to take shares at 1.80 Everyone invested here should read the fine print and make sure they are happy with the terms of the agreement, may take a few days to digest. Gla

Exactly mate, worth remembering especially in the current economic climate. GL

http://shareholdersunite.com/the-ioc-files-useful-background-material/short-sellers-and-naked-shorting/ "Wall Street is now beholden to the large money movers for their income, and stock lending is one of their biggest profit centers. Stock lending is exclusively an activity used by short sellers, who must borrow stock before selling it. Short selling is a bet on stock price declines. The short seller borrows stock, and then sells that borrowed stock, hoping to buy it back at a lower price later, when he returns it to the lender. Illegal “naked short selling” involves placing a sales transaction, but not borrowing the stock, and simply failing to deliver it on delivery day. It is also called “failing to deliver” or FTD – or delivery failure. Delivery failure is a significant problem nowadays, as it can be used to run stock prices down in a manipulative manner. Delivery failure in any other industry is called fraud. Hedge funds are the biggest culprits in this illegal trading strategy, with broker/dealers right behind them in the culpability queue. Hedge funds are now the largest players in the US equities markets, representing the majority of trading, with almost $2 trillion under management. Hedge funds are large, virtually unregulated pools of anonymous money, used to invest in any way the operator sees fit. Prime brokers allow their hedge fund customers leverage on their assets, meaning that for every dollar of asset, they could easily hold $10 of short positions. This over-leverage presents a systemic risk should positions in several larger funds go the wrong way, as there isn’t enough collateral to cover the domino effect of multiple positions being forced to cover. This over-leverage creates an environment where the brokers are now pregnant with their hedge fund customers’ liabilities, and have a vested interest in seeing depressed stock prices remain depressed – if the stocks go up, the hedge funds could easily fail, and the brokers are on the hook to buy-in and deliver the stock owed by the funds – resulting in brokerage failures." This is a clearer explanation of hedge fund activities and why the 9% HMB stake is so important. There does seem to be good support at 1.05 and lots of pi's taking advantage of historic lows for the second time this year. Watching with interest :)

Thanks for posting the reply. To clarify what I meant, holders of HMB stock could short using other funds to hedge their investment. The BOD would have no way of knowing if whether an unknown holder (ie less than 3% stake) are shorting. We saw examples of iis using derivatives (CFDs) earlier in the year, see the Blackrock holding announcements. If the BOD can't comment on where the 9% has gone then it must have been sold to multiple buyers hence no need to disclose holdings. Anyway looks like the share price has bottomed for now. Not in currently as I'm not convinced the bounce will be higher this time around. If there is news, this may change things GLA

Just my take on things, could be completely wrong. The reasons for buying 9% directly at 1.80 are numerous. The buyer would not be able to acquire 9% of HMB at an average of 1.80 previous to the director sale through the market, there simply wouldn't be enough sellers at these levels. They have bought at a premium to the current market price and yet the share price remains level. So now that the buyer(s) control 9% they can influence movements in the share price, especially while volumes are low. They can influence downward pressure. Forget their 1.80 average, it doesn't matter if they are trading on margin (CFDs) shorting and then dumping shares onto the market. The thing to remember is that 9% holding has never been traded on the market before now.

Looking at those delayed trades from the 23rd October it looks to me like the purchaser of Mr Bridgens shares has sold some onto the market (the day after the completion of sale)... Normally once a holding crosses the 3% threshold an update is released to the market. However if the fund that has bought these shares distributes them across multiple institutional investors then only those that cross the 3% threshold need notify the market. Given the lack of clarification it seems to me that these shares have either been taken up by multiple investors and/or part of it has been dumped on the market, hence the fall. The reasons for doing this could include shorting. The lack of clarification is not helping the share price. GLA

Sorry for replying so late, I've just seen your message from Wednesday. I'm not in HMB at the moment, sold out looking for a lower buy in. I believe this company has plenty more to give just yet but one positive RNS will only see a short term gain in this market. HMB and SHG are two for 2013. Will be around to discuss updates and always interested to read your thoughts and those who post here. Atb

7.20p support here, one to watch

http://fox-davies.com/media/40169/hambledon_mining_flashnote_11_october_2012.pdf Looks like the ball has finally dropped. Must be close to establishing a bottom this quarter though imo. Lots of developments coming this quarter and an update of the costs of open pit mining for Q4 which will give us insight into the first two quarters of 2013 before the return to Underground Mining :)

That is very peculiar! Trying to get my head around it... It sounds to me as if he has sold his entire stake in one go to an instition or private investor looking to load up on the cheap. Lets face it, you couldn't buy 88m of these at this price! Looks good to me...

Sorry to hear that mate, i know youve been here longer than I have and it's a risk whether to double up at bottom. But as you say swings and roundabouts ... There'll be plenty more opportunities. It has been another poor half for HMB to add to the years previous so I can understand leaving at this point. We arent likely to see much happening for a few weeks now, and the underground operation won't begin for 9 months perhaps do the brakes do appear to have been planted well and truly to the floor. I wouldn't blame Tim for the dam incident but yes there have been other blunders which the markets have punished us for, far too frequently... I hope you reconsider if the fundamentals begin to improve and the price is low enough but if not its been a pleasure talking to you on here Ate

My post was basically saying despite the poor open pit grades the operation is due to become more profitable (no underground mine costs adding to the $1200/oz currently) - something to look forward to :) I'm not attributing grades to the rise. Just think we were oversold and undervalued. I hope there is news of Akmola or resource update news but i'd be happy with a 1.5p finish to the week, atb

1.55 to buy 4.75k

Yep volumes are up on August, it seems we have bottomed.