Hambledon Mining Share Discussion Threads

[almost] 29/1/2014 13:10

Thanks Chip

[chipperfrd] 29/1/2014 11:10

I have started a 'GBGR' thread, although nothing in the header as yet.

[aaaaar] 29/1/2014 07:23

Hambledon Mining PLC announces company name change to GoldBridges Global Resources plc HMB.L - RINB
29-Jan-2014 07:22
Hambledon Mining PLC:
Says that the change of name to GoldBridges Global Resources plc will become effective and trading of the company's shares on AIM under this name (with the new 'ticker' GBGR) will commence on Jan. 29 Says the company's ISIN will remain as GB00B015PT76

[tightfist] 14/1/2014 15:53

Chip,

Thanks for your reading of the HMB/GBx meeting. It's been a bumpy ride over the past three years - it's good to be reassured about the approach of the new management team that certainly seem to have grasped the reins and are heading us in a far better direction.

Cheers, tightfist

[keepitsimple] 14/1/2014 15:39

If the $2 million had turned up on time, I suspect they would not have needed the recent placing?

[chipperfrd] 14/1/2014 15:12

kis,

They are still progressing the return of the $2m.

No point speculating as to what might be the next steps if it fails to materialise!
Chip

[keepitsimple] 14/1/2014 14:34

Yes thanks Chip - nice to know someone is keeping an eye on the management.
Was any mention made of the $2 million due from the Akmola failed bid that was expected to be paid in December 2013 (stated in the interims)?
All the best

[lordshaw] 14/1/2014 13:44

Chip
Many thanks for your briefing. Appreciated.

I continue to hold, with renewed hope for the future.

[chipperfrd] 14/1/2014 12:21

I attended the HMB meeting yesterday as I had not previously had the opportunity to meet the new management.

As is usual with such meetings for many AIM companies, the actual holders tend to be outnumbered by the broker representatives, NOMAD, et al, and so it was the case yesterday.

Obviously, one cannot expect any information that is not already in the public domain, but it was good to listen and question the company officers present.

I felt that Ashar Qureshi (who led the meeting) came across exceedingly well and appears to be a great PR asset for the company. He was very open in response to questions and very clear in his communications (not always the case with many other such meetings that I have attended!).

Likewise, the CEO (Aidar Assaubayev) appeared eager to answer questions and was very forthcoming with his replies.

There were a good number of questions raised by the floor and I was personally gratified by all the replies given and the additional, unsolicited backing information provided.

It is apparent that HMB have really tried to speed up the Seki U/G CPR by selecting the organisation that can best provide a speedy report.

The Kara license response from MINT should (hopefully) not be too long now as they were back at their desks yesterday (13th) after the Xmas/New Year break.

No decision yet on their new EPIC ticker following the name change, but it sounds as though it will be 'GB(something)'.

Overall I was impressed by management confidence shown in the growth of the company and reassured as to my own position as a shareholder.

Obviously AIMHO!
Chip

[troc1958] 13/1/2014 12:46

Slippery slope? Issuing shares to the 'boys' and raising funds at discounted prices for "working capital". Shareholders being diluted and shafted again!

[chestnuts] 02/1/2014 10:24

dof
happy new yr
what the dilution going to be then?

[dofmeister] 01/1/2014 15:07

hxxp://hambledon-mining.com/sites/default/files/162612%20Hambledon%20Mining%20Circular%20%28PFP%29_1.pdf

Possible slightly more dilution than led to believe.....!!!

Link may not work - see web site

[timgw] 30/12/2013 10:15

New Year suggestion - read The Winning Investment Habits of Warren Buffet and George Soros. It may not make you any richer but it will certainly remind you of all the bad decision one has made!

Happy New Year!

[pineapple1] 27/12/2013 03:31

LOL.....its so funny listening to chestnuts being so bearish after selling at the bottom .Whilst he was holding it was heading to 35p by May 2012 and gold to $3500 according to the cycles he imagined existed.Classic stuff.

Keep it up chesty its hilarious. Great entertainment.

[dofmeister] 26/12/2013 23:41

Please tell me - something to do with the Mayan Calendar ?

[chestnuts] 26/12/2013 16:36

Dof

Ask your self why did they convert the the convertable bonds so soon

[yf23_1] 26/12/2013 12:39

A name change - says it all really.
Sweep the past under the carpet, which also covers the big hole your money went down.

[dofmeister] 26/12/2013 10:53

Chestnuts, you need to read the RNS A LITTLE MORE CAREFULLY.

They can allot 35% of the current shares in circulation of c 1.5bn, ie about 500,000,000. AR just paid 3p for 500,000,000 and I would expect a placing at between 2p and 3p based upon the new increased resource, which will currently be confirmed by Deloitte.

"The Board believes that the balance of finance that will be required from external sources is approximately USD 50 million and is pleased to confirm that the Company is in advanced discussions with a number of banks and other debt providers with a view to meeting further funding requirements in a way that incurs the lowest possible cost of capital and results in least dilution to shareholders"

At 2p they will raise £10m, with the remainder from debt finance and the dilution will be a maximum of 35%.

New investors will be welcomed, and upon a 35% placing, AR's interest will fall back to 51%, disproving your theory at 17,221.

I will gladly suffer that if we end up with only a 4m oz resource (let alone the estimated 15m oz resource including the new project), a 100,000+ oz per annum mine that is operational and new substantial investors in the company.

[chestnuts] 26/12/2013 10:05

Well they are going to raise roughly £30m with a market cap of £20m now thats some dilution so what price will the right issue / placing be . i bet its lower than 1p Also look at what time they released the rns xmas eve at 1.15.pm just as bad as the last management.

[dofmeister] 25/12/2013 23:36

My guess is a placing of c.35% of the issued share capital with new investors coupled with debt finance, to take AR's holding back to c.51% +

Premium price to be achieved with management information on the increased resource and production plan.

Lets see...............

[chestnuts] 22/12/2013 19:46

Well i see the mangament have added to their % worth now , just watch they will add a bit more % and a bit more % till they take it private. I must say its quicker than i thought they would.

[chipperfrd] 16/12/2013 14:25

Richard,

I am obviously hoping for a few 'ANDs' spread across positive resolutions of those various 'IFs'.

Over a dire year for gold stocks it has actually performed pretty well for me and the situation looks far better than it did back in the dark days of 2012 - so I remain happy that I did not take the 2p/share on offer 12 months ago.

As previously mentioned, they have much to prove, but so far it is AR that is taking all the financial risk and who appear to be working through a long-term plan.

We will see! There should be a few answers provided over the next 3 months and I am in no hurry.

Chip

[goatherd] 16/12/2013 14:12

Chip,

I feel this may have only one 'IF'! Well, one binary alternative.

That is "is it a scam, or not?". The Proactive article clearly thought it probably is a scam.

Personally I believe it is not - and I am now up into 7 figures - so I jolly well hope it is not!

Of course if my "IF" is affirmative then your "IFS" come into play - but with some of the uncertainty removed.

But then I am always an optimist - perhaps even an overoptimist [if there is such a word].

Richard