Hidefield Gold Share Discussion Threads

[sampster] 28/9/2009 17:56

I am also beginning to question this share. I have brought at various levels and it always seems willing to retrace a little more. I do hope there is a bid on the table. Is there a time limit when a bidder has to make its identity known or make a formal offer once a takeover disclosure such as this has been anounced to the market?

[carchase] 28/9/2009 16:10

Induna

I do hold shares here, but I am beginning to think that, price went up on a few buys, sure it went up close to 100% but from that point it has retraced by the same amount. Is there really a bid? because sometimes you wonder does the company do this for those in the know to sell into strength and then say "sorry there was no bid after all."

Hope not.

[induna123] 28/9/2009 15:16

The downside being no bid materializes and you end up either being trapped here or having to sell at a loss.

Unless you're "long term" which means you're prepared to have your cash tied up here for along time.

[twohopes] 28/9/2009 09:53

1. Capital markets are easing up and the majors can borrow again.
2. Gold is at very high prices and producers are feeling cash flush.
3. HIF has proven and probable reserves that are relatively easy to access (i.e. low cost of extraction).
4. Ken has made it plain that the company is up for sale at the right price, whatever that may be.
5. What downside is there at 1.5p? Not much, IMO. But there is a lot of upside. 1p? 2p? 8p? No idea.

[theresearcher] 28/9/2009 08:39

update with interims.??

[neudarian] 28/9/2009 08:10

Precisely!
;0)

[fairdeal2008] 27/9/2009 21:31

I think its dangerous to be so specific.

perhaps anything from 0p to £1mn per share might be less misleading!!!

[neudarian] 27/9/2009 20:32

More or less, probably.

[steve1905] 27/9/2009 19:04

Thank you dogberry, your astute final line will, no doubt, be proved to be correct.

[dogberry202000] 26/9/2009 13:05

The residual value of the company has been rising. This will have an important impact on any take-out price. It has some plum assets in underexplored tenements. Their resource is also mineable, if still modest. The prosepect of it growing with drilling is high.

Anything between 3-6p is possible. Of course it could be lower or higher.

[maxbubble] 26/9/2009 08:21

November 02, 2006

Santa Cruz Acquisition Could Be A Turning Point For Hidefield


Jack Hammer



"Somehow we need to convey to people," says AIM listed Hidefield's chairman Ken Judge, "that we're now doing pre-development drilling. We're not doing exploration any more". The company attempted to make it plain on its most recent press release, in which it details drill results on its Santa Cruz property in Argentina. "The current drill programme", says the announcement, "is designed to infill and extend the zones outlined in the first phase programme this year". That programme was the one which followed directly on from Hidefield's acquisition of Santa Cruz from Yamana at the start of the year.
The most recent set of results certainly look encouraging, with the best intersections including 8.73 grammes per tonne gold over 5.75 metres and 21.7 g/t over 6 metres, excluding intervals grading over an ounce per tonne. But you have to go over the page before the plan becomes clear. Hidefield's chief executive and competent person John Prochnau is quoted as saying that an economic scoping study is "planned to be completed" (sic) by the first quarter of 2007.

But one wonders how many market professionals - or even retail punters - get to the second page of press releases from companies that they are not specifically researching. If you don't phone Mr Judge, you have to guess the rest. Still, it's a small gripe in an otherwise promising story. And it's about time Hidefield did something good. The company has been knocking around on the market for some time – since December 2000 in fact - and the shares haven't traded significantly higher than the 10p listing price in over four years. But the deal with Yamana may very well prove to be the turning point.

Mr Judge says of the latest results, with some justification: "they're absolutely stunning grades". Santa Cruz, he explains, is a known surface-expressed vein system, which has been drilled down to some depth". At the moment the company is targeting a vein known as the Sulfuro vein. Three zones of mineralization have so far been delineated over an overall strike length of 1 kilometre, and down to a depth of 400metres. The zones remain open to strike and at depth. The company has also been picking up new ground adjacent to the property.

On the basis of what the company already knows about Santa Cruz, Mr Judge has no doubt that the property will be turned into a mine, and soon. By Christmas a pre-feasibility study should be complete, with financing likely next year. "That", says Mr Judge, "is what I call fast fast-track". The current drilling is part of an 8,000 metre programme that is roughly one third complete. The plan is to drill around 70 holes before the end of November.

In the meantime engineers are already arriving on site, with a view to commencing development work, and metallurgical studies will also get underway soon. At the moment says Mr Judge, "we're pencilling in a 50,000 ounce per year operation. But it will be very low cost production, and open pittable". With all that out in the public domain, at least if you know where to go for the information, and it's easy to sympathise with Mr Judge's perplexity about Hidefield's share price weakness. "To be frank", he says, "I don't understand it".

He's also keen not to overpromote, which is why grades are primarily reported as cut rather than including the higher grade intervals. "Hidefield is interested in developing economic gold resources, not promoting", he adds, and no one would argue with the soundness of that thinking. On the other hand, a little more effort to educate the London market mightn't go amiss. Perhaps once the financing stage comes around the company will turn its attention good and proper to talking up its assets in a truly non-promotional fashion.

[appalachian] 25/9/2009 19:04

Still doesn't mean they'll sell at 1.5p when this still clearly undervalues the company.

[mr.oz] 25/9/2009 18:10

languishing around the penny mark at the time , then a 50% premium would take it all the way to where it is now

[dadob1] 25/9/2009 17:55

10p is a dream.

[theresearcher] 25/9/2009 16:35

guys take a look at this gem over the weekend dropped 20p in a matter of days.rns today no reason for the fall.very little stock.yesterday link.50p+ imho next week.nia

[theresearcher] 25/9/2009 16:32

some nice late buys.have a nice 1 guys.roll on a 10p+ offer.

[theresearcher] 25/9/2009 16:18

expect a tick-up by close

[theresearcher] 25/9/2009 16:07

getting a very good feeling here

[twohopes] 25/9/2009 15:07

Hopefully Ken will get a decent number - he holds more stock than anyone on this BB and if he gets a decent number so do all the shareholders. I don't know what his average price is, but would hazard a guess at 6p. Can't see him selling for any less - 10p might be realistic (although probably over optimistic on my part). Any talk of two quid is just ridiculous. Whatever, the next few weeks will be interesting. Have a good weekend all.

[theresearcher] 25/9/2009 15:02

l2 looking good

[sos100] 25/9/2009 14:38

whats the point of creating a new hif thread...there's already one.

[theresearcher] 25/9/2009 14:35

carchas NDP imho is getting re-rated can sell 1m@0.5 cannot buy any thats been all afternoon.6 month profit 23.6p a share.mkt cap 260k incredible.nia

[carchase] 25/9/2009 14:15

What timing!! expecting the next jump to be to 1.9 on the offer and the bid to follow from there.

[theresearcher] 25/9/2009 14:13

cana on the bid guys fast movement now