Hidefield Gold Share Discussion Threads

[maxbubble] 19/10/2009 07:40

Yet another company RGM raising funds at five times their lowest price. No problem raising funds in market these days. Aden sisters are predicting $5800+ Gold price and possibily 50000%+ gains in some juniors.

[neudarian] 18/10/2009 18:36

"So he is feeling the pain of the long-term shareholders as well.".....as well as what....being partially responsible for it??

Seriously though - you do make a fair point ccorton, and I agree, that he must know how we all feel.
Here's hoping then!

[ccorton] 18/10/2009 14:50

Just to remind everyone that Ken Judge put about £550k of his own money into HIF on the way down (2007 and 2008):

Ken Judge purchases

March 2008 2 000 000 shares at 4.75p
Autumn 2007 5 000 000 shares at 6p
February 2007 2 200 000 shares at 7p (with warrants at 8.5p which are now out of time)

So he is feeling the pain of the long-term shareholders as well.

[maxbubble] 15/10/2009 20:34

Feel sorry for CTN - must have been abandoned at birth.

[maxbubble] 15/10/2009 13:08

neudarin.....in all business the key players must be kept happy - the ones risking cash need to be rewarded. I think all the big shareholders have been rewarded well to reflect their risk either by placing/coal assets.

[gb904150] 15/10/2009 12:36

Max, thanks for that.

So effectively 59m shares issued (to release £590k). 73m to go (to release another £730k).

An agreement amended from the inital 'facility' (that seemed a good deal) to the current one which seems to be very much in favour of the lenders.

I guess it was announced at the bottom of the market when the share price was sub 1p and the company had no cash so they were over a barrel.

[neudarian] 15/10/2009 12:13

max,
Your confidence is reassuring, and I agree with what you say about assets.
How would you then explain, getting rid of what we shareholders regarded as a valuable asset (coal) for such a low price?
Do you believe that John and Ken have been doing everything they can in relation to moving things forwards, without simply plumping for off-loading more assets?
regards,
neudarian

[maxbubble] 15/10/2009 11:41

GB..it was announced earlier




I am still very happy with management here and there will be huge upside in time here. Look at the property they own in Argentina, then you have Brazil, then you have a raft of JV's and then you have the NSR some with big players. Holdings in Columbus etc. The value behind these will show forth in time. John and Ken have been a formidable partnering and I am very relaxed and will be buying more shortly.

[neudarian] 15/10/2009 11:21

All apposite comments. The management must stand up and be counted. I still feel that they have taken their foot off the gas and have conflicting interests elsewhere.
No one would be happier, were they to prove me wrong!

[gb904150] 15/10/2009 10:52

maxbubble - much of what 6500 says is difficult to dispute. The board have not exactly added much value here have they? At the same time they've benefited from 10 years of probably quite generous salaries.

Aren't we now up to 469m shares in issue? 410m as at the potential takeover announcement, plus the 59m from the placing to raise £590k.

Where is this £750k fund raising announced?

In an incredibly strong market over the last 6 months with much improved liquidity and a current record gold price HIF have done nothing.

When does the leaching stop and the value-adding start?

[6500slider] 14/10/2009 21:40

Bid to fail, collapse in shareprice, subsequent fundraiser resulting in massive dilution (all but wiping out existing holders)... but the boyz will sort themselves out with millions of free shares to 'compensate' themselves!
One can only wonder about how it has come to this!? AIMO.

[grande gobe] 14/10/2009 13:31

Cheers Haydock

"Efforts to conclude similar transactions for the Cata Preta gold project in Brazil are continuing and we remain optimistic that the Company should be able
to conclude a transaction on this project during the second half of
the year."

Only approx 11 weeks to the end of the year, so hopefully more news on this soon.

[maxbubble] 14/10/2009 13:07

Total assets £7m as opposed to previous accounts reported £6.4m - so assets increased by £590k.

[haydock] 14/10/2009 12:37

There is much recent hidden action:

Executive Chairman's statement

I am pleased to report the progress your Company made during 2009 to
date and provide the unaudited interim results for the six months
ended 30 June 2009, which have neither been audited nor reviewed
pursuant to guidelines issued by the Auditing Practices Board.

During the half year under review, the Company was particularly
active in its efforts to conclude negotiations for the sale or farm
out of its projects in Alaska and Brazil. I am pleased to report
that during this period an agreement was reached for the sale of
Hidefield's interest in the South Estelle gold project in Alaska to
Millrock Resources Inc. In addition the Company announced on 19
August 2009 that it had entered into a memorandum of understanding
with Fire River Gold Corp for the potential disposal of Hidefield's
interest in the Golden Zone gold project also in Alaska. Both
disposals would provide important funding to assist the Company to
continue exploration on our Argentina projects. Efforts to conclude
similar transactions for the Cata Preta gold project in Brazil are
continuing and we remain optimistic that the Company should be able
to conclude a transaction on this project during the second half of
the year.

Despite encouraging recent strength in the gold price, the difficult
general economic environment and the limited capital market interest
in supporting junior exploration companies continues to negatively
affect the Company's ability to fund its ongoing activities at the
Don Nicolas gold project in Argentina.

Encouragingly, other participants in the gold sector seem to share
our optimism about the possibility of the Don Nicolas project
eventually becoming a mine so we are continuing to evaluate the
possibility of third party involvement with this project as a means
to ensure the project is able to progress forward.

This process has inevitably raised the possibility of Hidefield
potentially being acquired and as shareholders will have noted, we
recently announced that discussions were underway with a third party
which may lead to an offer being made for Hidefield. There is of
course no certainty that such an offer will be made and if made, will
be successfully concluded but shareholders will be advised as and
when there is further news to report.

In the meantime, we will continue with our efforts to ensure that the
value of our portfolio of gold projects and other investments in
listed securities is properly reflected in the market capitalisation
of the Company.

[gb904150] 14/10/2009 12:23

No. HIF had 410m shares in issue. Now it has an additional 59m shares in issue, so 469m total (dilution), but has additional funds of £590k.

So it has diluted the value of each share, but pays down debts of £590k.

Ceteris paribus and all that.

So the net effect on the share price should be 0, except as an entity HIF is slightly better capitalised as a result. Should that be a bigger bonus than the share dilution I figure the share price should rise.

Unfortunately too little is known about this beast and there all the announcements and soundbites relating to HIF seem to be from several years ago.

Is there not something more recent that details their strategy?

[maxbubble] 13/10/2009 13:18

I thought the market always got it right?? - should the market cap not be up £590k today?

[haydock] 13/10/2009 08:40

Minesite Forum today.

Exeter Resources has just announced a resource of 19.6 million ounces of gold and 4.8 billion lbs of copper at its Caspiche project in Chile. It may be low grade, but it is size that counts with the majors and Caspiche is only six miles from the giant 24 million ounce Cerro Casale project, jointly owned by Barrick and Kinross, and only slightly further away from the six million ounce Refugio project, solely held by Kinross. In an area such as this where development decisions are pending it may not remain independent for long.

[neudarian] 13/10/2009 08:14

Well done Chairman - and let's pretend that he included us here:
'I also wish to record our gratitude to the lenders and shareholders' ....which he probably did, come to think of it!
:0)

[maxbubble] 13/10/2009 07:31

Encouragingly, other participants in the gold sector seem to share
our optimism about the possibility of the Don Nicolas project
eventually becoming a mine so we are continuing to evaluate the
possibility of third party involvement with this project as a means
to ensure the project is able to progress forward.

This process has inevitably raised the possibility of Hidefield
potentially being acquired and as shareholders will have noted, we
recently announced that discussions were underway with a third party
which may lead to an offer being made for Hidefield. There is of
course no certainty that such an offer will be made and if made, will
be successfully concluded but shareholders will be advised as and
when there is further news to report.

In the meantime, we will continue with our efforts to ensure that the
value of our portfolio of gold projects and other investments in
listed securities is properly reflected in the market capitalisation
of the Company.

[dadob1] 09/10/2009 15:48

Max

1017....Thats a better way of putting it

[haydock] 09/10/2009 10:05

Sympathy:
I have just listened to an Aus broadcast from a company that sold an asset, then invested in a defuct company like HIF & is about to split the parcel.

The enregy , the offers , the difference, is well to say the least staggering & the newsflow.
Sure it's a lot of hot air, but it certainly generates some interest.

Cape lambert bought the company that held: HER & will get rid soon.