||ORD 0.25P (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Hameldon Res (London Stock Exchange): 0 recent articles
|marab: 4,000 POSTS
Thanks for all the help getting to 4,000 posts. I much appreciate those who take the time to post here and keep the thread alive.
The story so far-
Post 0000 - 25 May 2014, share price 0.57p
Post 1000 – 13 Aug 2014, share price 0.47p
Post 2000 – 02 Nov 2014, share price 0.275p
Post 3000 – 27 Feb 2015, share price 0.43p
Post 4000 -|
|marab: leedsu36 - Every one helps, appreciate the effort. It looks like 1.9m traded(including PLUS) with a maximum of 200k sold, giving a net 1.7m buys. Since there should be a sell for every buy I am guessing that there is a big sell order being worked. Or some of the buys are sells which would give a spread of 0.002p which hardly seems worth the effort for the MMs. I know prices tend to be higher on Mondays but even so it would appear that most investors are just holding to see what happens next. Who knows what Ascot will do on an AIM listing but it seems worth waiting here to find out.
There are quality investors out there who watch the actual buy and sell prices to get the correct spread and totally ignore the quoted prices. Sometimes you can be pleasantly surprised by the real prices. Well worth doing a dummy quote now and then in a share that interests you. A skill I am working on, but a long way to go yet. It is truly amazing how the MMs can make it look like a share price is moving up and down when all they are doing is changing the bid and the actual buy and sell prices stay in the same narrow range.|
|marab: Morning all. About 70% of the time share prices go up between November and February. The last couple of years have been mucked up somewhat by the banking fiasco, so who knows what will happen this year. Not long to find out. It's always interesting to watch the MMs move the bid and offer price around to give the impression there is some action on the price. If all they do is drop the bid price it drops the mid price and looks like the share is falling. When in doubt put in a dummy quote. If the share price stays at the same level as last week I would be more than happy. Bit of news on the other investments and we could get some movement.|
|marab: I have been asked how many performance shares TW (TIM) will qualify for if the share price doubles. The answer is - none. TW gets rewarded on the value of the NAV and the share price doesn't come into at all. Good definition of NAV on http://moneyterms.co.uk/nav/
"The total value of a company's assets less the total value of its liabilities is its net asset value (NAV). For valuation purposes it is common to divide net assets by the number of shares in issue to give the net assets per share. This is the value of the assets that belong to each share, in much the same way that PE measures profit per share."
TW example from the Q and A session in the heading.
A. It is NAV per share that you should look at. If the company has £100 and 100 shares and it raises another £200 at £2 a share then NAV goes to 1.50 per shares which is GOOD for shareholders. If it raises another £200 at 50p per share then NAV per share goes to 60p. That is bad.
The share price is only a reflection of how investors look at the future potential capital and/or dividend growth of the stock. If TW can keep doing deals like the Ascot one you could reasonably expect the share price to be higher than the NAV. Many investment trusts and companies have a price less than the NAV, some up to 50%, depending on how popular the area of investment is. SVE's share price for example had a large discount to NAV the last time I looked but has a portfolio of good shares. What will make the difference here, in my opinion, will be regular updates on what TW is investing in so we can follow his progress. I personally find it hard to keep much interest in a stock when I have no clue as to what it's doing. Look at DXR, HRE's 'sister', to see the effect of no news. (Incidentally, you might want to look at DXR which will be investing in silver related stocks, but hasn't invested a penny yet). At the end of the day the only fundamental factor in the price of a share is whether investors are generally inclined to buy or to sell it.
From the Q and A in the header (with thanks to Kennyruss for collecting the questions from us and arranging for TW to answer them),
Q. What are the current share holdings for HRE?
A. What does HRE own? The board has yet to set a policy on disclosure.
I think that at the moment the share price here is holding up quite well bearing in mind the only investment we know about is Ascot which was only about a third of the investments in cash terms. Fans of TW might be an additional reason for the share price. Holders in his t1ps gold fund might be looking for the same performance here.|
|marab: moormoney - Welcome. The important word there is 'holding'. The term 'small' is relative, I know that because I have an uncle who is only 4 feet tall. Patiently waiting is all we can do at the moment due to lack of information. I am hoping that the BOD of Athol will realise the long term advantages of having a good information flow. It's taken me a while to appreciate the fact that TW was brought on board to manage the investments, and information flow is not something he can address without having BOD approval. Very hard to get excited about a company when you have no clue what, if anything, they are doing. At least we know about Ascot which is a start. Actually I was thinking that someone should email the BOD and ask them what their intentions are regarding informing shareholders. I will do that now in fact.
I have made the odd profit (and loss)here and there through people mentioning other shares on the boards so will ask if you have had a look at DXR, basically the sister of Athol, although DXR ( now called Woodburne Square Silver)will be investing mostly in silver. Silver, as you know, hasn't been going up as fast as gold and looks like a good opportunity for next year. Share price is about 3.2p, less than the 3.8p (I think)that TW's Funds paid for some of the previous directors shares. Share price is being hammered because lots of investors want out, probably because of lack of any news. Currently waiting for announcement of an EGM date to allow TW to start investing. No news is bad news for most of us. It's a Kennyruss board so there is lots of info on it to get you started. Read some of the later posts for a feel of what's happening. If you want the worst case scenario read Pwhite's posts. Bear in mind he also said that DXR would be wound up months ago. I got in late here at Athol at over three times the price TW paid, but at DXR I can now buy shares cheaper than his. DYOR and see what you think.
No apologies for the O/T post because I think it's worth a look at least. I own shares in both and for the same reasons, I believe TW can do more deals like the one with Ascot Gold.
Link to DXR http://www.advfn.com/cmn/fbb/thread.php3?id=23895436|
|marab: Last Updated 20 May 2014
13 May 2014
The company announced the resignations of Mr James Fyfe and Mr George Cardona as directors of the company. Mr Julien McInally will assume the temporary role of Executive Chairman.
It also announced that domestic sales in the first four months of the year have already reached 68% of the total sales achieved in 2013.
THE USUAL ADVFN GRAPHS ETC WILL APPEAR HERE
The information in this header is for discussion purposes only and expresses my personal view of Strategic Minerals. I am currently a holder of shares in the company.
COBRE 1 STOCKPILE
Each cone shaped heap contains 300 tonnes
Photograph courtesy of thehog
THE CASE FOR INVESTMENT
Strategic Minerals has the rights to process and sell approximately 1m tonnes of 61.7 % Fe Magnetite at the old Cobre mine in New Mexico. The current agreement allows the removal of 11,000 tonnes per month which gives a production life of over 9 years.
Overpaid inefficient management, which presided over poor achievements and a collapse of the share price, has recently been replaced by new directors associated through the direct involvement of Strategic Minerals biggest single shareholder Mr James Chisholm (4.34%).
A recent placing of 125m shares was carried out to raise £1m at 0.8p and in addition 45m shares were issued to Glencore International. My guess is that the 45m shares represent a payment to exit the export agreement between them and Strategic Minerals but I have no evidence to confirm that. There has been a large seller in the market for some weeks, perhaps Glencore, which has depressed the share price further.
I believe that the new directors are more than capable of turning the company around and have already started to do so by cutting overheads, exiting the unprofitable export agreement with Glencore and concentrating on raising the volume of the very profitable domestic sales (gross profit margin was 48.6% in 2013 at $33.5 per tonne). I also expect them to locate and bring into production low cost profitable stockpile projects as set out in their new Corporate Strategy. The current low share price offers a promising investment scenario, and the change in management allows Strategic Minerals the opportunity to achieve its full potential.
Click here for more detailed information (LINK TO POST 2)
The company currently has two distinct areas of business, Commercialisation of Stockpiles (as fully operational at Cobre 1) and Exploration of Potential Iron Ore Resources based on their wholly owned Iron Glen and Jotanooka tenements in Australia which are prospective for magnetite and other minerals including silver.
Commercialisation of Stockpiles has the advantage that the source material is clearly located and readily accessable either at surface or near surface. In contrast Exploration tends to be an expensive strategy with uncertain results.
My personal opinion is that Exploration will be a non-core interest for Strategic Minerals in the future, and while the new directors will aim to fully realise the value of the Australian assets they will be sold on to mining interests at a suitable point
COMMERCIALISATION OF STOCKPILES
In my personal opinion I expect Strategic Minerals to concentrate on locating stockpiles of waste materials of any mineral type that can be quickly and profitably processed. While the company currently only has the Cobre Stockpile I believe that the new management have the contacts and experience to add significant value through new Stockpile opportunities which are actively being assessed.
Click here for more detailed information (LINK TO POST 6)
WHAT IS MAGNETITE?
Magnetite is a naturally occurring oxide of iron, and is one of the main source of iron ore after hematite.
Other than steel production other uses of magnetite include coal washing, water filtration and the production of heavy concrete.
Magnetite is produced from both stand alone iron ore mines or as a by product of mining other minerals. It is often associated with copper and gold rich ores, and liberated magnetite can be found in existing tailings storage facilities such as the Cobre project in New Mexico
It is the most magnetic naturally occurring mineral on Earth and was once used in compasses.
Click here for more detailed information on Magnetite (LINK TO POST 4)
Click here for the uses of Magnetite (LINK TO POST 5)
EXPLORATION OF POTENTIAL IRON ORE RESOURCES
The company has various exploration projects in Australia and more information can be found on the company's website. There may well be some potential for selling these projects but I do not think that Strategic Minerals will mine these projects themselves due to the capital costs involved.
The new directors Mr Julien McInally and Mr Lyle Hobbs were introduced to the company through their association with Mr James Chisholm who provided the focus for the recent director changes. They have a good track record and have already initiated radical steps to improve the financial viability of Strategic Minerals. A new non-exec Chairman will be appointed in due course.
Mr Julien McInally has executive responsibility for the Strategic Minerals interests in Australia and currently acts as Executive Chairman. Mr Lyle Hobbs is based in Utah, USA, and has executive responsibility for the Company's interests and operations in the North America
Click here for more detailed information (LINK TO POST 3)
Strategic Minerals Website
Thehog's Visit to Cobre May 2013
Atrum Coal Website
Count restarted 30.12.12|
|marab: Kenny, OK your thread, but how do you stick a thread on ADVFN.
Q What are the other investments other than Ascot? I feel happier if I can see how we are doing with individual investments rather than waiting for 3 months.
Q. Will these other investments be quoted separately in the 3 monthly NAV figures?
Q. How much of the finance raised has been invested and how much is left ?
Q. Are there plans for information flow other than the three monthly NAV ?
Q. When is the first NAV valuation ?
Q. How do you feel about the share performance so far?
Q. What are the plans for future investments?
Q. What kind of ratio of new finance to current share price can we expect? ie. is the current share issue at 0.6p when the price was circa 0.8p the level we can expect in the future?
Q. How much new cash raising and investment can we expect to see in the next 6 months?
Q. How much new cash raising and investment can we expect to see in the next 12 months?
Q. If the company raises £100,000 is that classed as an addition to NAV, or is NAV worked out on the performance of the investments purchased with that £100,000?
Q. What do you feel is likely to be the performance of the fund in percentage terms over the next 12 months ?
Q. Will there be a greater percentage invested in non UK exchanges in the future or will this be dependant on where the best opportunities are available ?|
|marab: Please correct the following as needed for HRE
Number of shares = 165 million
Current price = 0.75p
Total cap = £1,230,000
£429,999 convertible at 20p per share = 2,149,995 shares
warrants convertible at 20p per share = 3,009,993 shares
Total on conversion = 5,159,988 shares
Current price of Ascot 40p = £1,031,998 profit if all options were converted and sold plus we get the £429,999 back (0.887p per share).
For every 10p in price of Ascot HRE would make another £516,000 profit (0.31p per share)
Ascot share price at £1.00 would = share price of 2.5p
I have ignored the dilution of the convertibles and warrants as it will only add 0.3% to the number in issue. Also ignored RRR investment.
Ascot is producing gold now and ramping up production to hopefully 150 tonnes per day.
Both RRR and T1ps will be pushing Ascot up to the AIM market as soon as possible. The market and liquidity in the shares will improve as will its visibility to investors.
Any thoughts on the future share price of Ascot just on a move to the AIM market?
Or the value of Ascot on producing 1,200 oz per month ( targeted for first quarter of 2011)?
Picked up some more this morning because if a gold mine can't do well at this point in time there is a severe problem with management. The fact that AB from RRR is happy with the management is a plus point for me, so happy to buy and wait for the move to AIM.|
|marab: Kenny am I missing something or is this the amazing deal it seems to be?
Buying convertibles paying 10%, convertible at 20p a share in 2015 and the share price is currently 44p. Plus warrants to buy another 3 million at 20p valid for 5 years.
Started to work it out on a spreadsheet then decided to buy some shares and do the working out later.
Seems to me the company has raised money at 2/3rds the current share price and invested 2/3rds of that and instantly doubled the value of the investment without even considering the options. And they get paid 10% interest to do it.|
|ivor hunch: I bought in this morning, on the basis that it's a good idea to follow those who have made you money in the past. I did well with Jim Mellon's Speymill (although I got out at the top before the share price collapsed with the property share price fall in 2008) and with Malcolm Burne' Ambrian Capital (the company has never really performed since he left). So rather like following Tom Cross into PMG and Alan Burns into BPC, I took a modest holding in HRE.
As far as I can see the company is capitalised at £1.6 million which seems low. It also seems to be below most PI's radars at the moment.
I would appreciate any comments.
Hameldon Res share price data is direct from the London Stock Exchange