Hambledon Mining Share Discussion Threads

[sloppyg] 29/10/2012 20:49

The penny has finally dropped for TW that cash chucked out from open pit can barely fund overhead let alone reopen u/g.

Someone else has to be brought in and with a weak hand that rarely ends well for existing shareholders.

If, as TW suspects, most of the EBRD 10m has now been spent then I can envisage the mine just being handed straight over to them in the near future.

The 1.8p transaction is the only thing offering intrigue at present although instincts are that is starting to smell a bit.

[1nf3rn0] 29/10/2012 20:15

Whoever paid 1.8p for 88 million shares must be feeling pleased (if indeed 1.8p was actually paid; I suppose we just have to trust the ever reliable information spewed out by HMB management).

[1nf3rn0] 29/10/2012 17:27

"a bad tip" no sh*t. Try telling the rampers that though. They're still 'topping up' lol.

[noirua] 29/10/2012 17:26

I do not hold anymore though a bit sad that TW came back to give the stock a final kicking in his sell advice -- wasn't necessary and a tad unfair.

The debt is well known, as is the fine and underground mine situation. So we know it's a get the gold out and sell it which HMB it seems are achieving. Very many mines, and tipped by TW, haven't achieved that yet - so one feather in HMB's cap.

So HMB are set for a profitable year paying down debt and not spending the profits on another mine. Many of TWs' mine tips are, if not all, excepting HMB.

I see HMB as a quite solid gold play now -- good fortune to you guys.

[jimmy12345] 29/10/2012 17:21

Its not dead yet it just smells bad.The best hope is to sell everything to another mug and use the cash to get a mine going elsewhere. Leave someone else to deal with this government and country, there not civilised people yet.Could the equipment be sold off or moved to another country if need be? Im trying to work out the value of the company without the mine, perhaps its negative due to the debts.Who the heck knows

[lesteague] 29/10/2012 17:12

How much Jorc resource does HMB have left now in total? I know things are dire here right now but there may be a posible take over play here which depending on when you brought could still prove to be a good news story...

[captain_crash_and_burn] 29/10/2012 15:12

My my, its all looking very downbeat here isn't it!

[tymedici] 29/10/2012 14:19

..What worries me is Tom's reputation. Why did it took him so long to reach his conclusions and why did he wait all this time to speak with the company. He might have added, surely, that TD has declined to invest a substantial amount so I suggest you avoid as well.

What do we learn from all this ed? Not to do it again I guess.

[phillis] 29/10/2012 13:59

fairfax have thrown in the towel or Spangel have been appointed to manage a corporate transaction

[giant steps] 29/10/2012 13:36

29th October 2012



"My suggestion therefore is to sell Hambledon and take the loss. I apologise for a bad tip. You should reinvest your cash in a gold play offering greater upside but with far less downside risk."

[money4me] 29/10/2012 12:24

The fine is still in the ££M so there should be a lot of lawyers fees to be chased in pursuiing even a £2-3 M reduction. whether it will ever be realised is another thing as many of the comments (correctly I feel)indicate that such places have a flexable approach to legal interpretations, generally more money = law on your side, brown envelopes all round please

[giant steps] 26/10/2012 10:16

HMB chart reminder

[4marlin] 25/10/2012 13:16

It is standard procedure for anyone with any experience in 3rd to 5th world countries to tie-up with a respected and powerful local/company/other if they are looking to invest in a sizeable manner in an attractive, visible project.
Speaking the local lingo (fluently) is another key, as is understanding that going the way of the courts (eg. Ascot Mining) really means you are not set up as you should be.
The judicial process is invariably bought.

[pineapple1] 25/10/2012 12:58

Tymedici....a very good point.A powerful well connected local was likely HMB insulation from realities when dealing in Kaz.....imho

[tymedici] 25/10/2012 12:48

Thats really the question isn't it. Does TD display a throughly ruthless streak capable of stuffing the locals. I think not. Perhaps the writing was on the wall even before TD arrived and the local intrest sold their major holding?

[4marlin] 25/10/2012 12:35

well said: you are 100 correct.
Operationally, you have to get yr head round the fact that the concept of preventative maintenance does not exist.
Neither does planning.
Loyalty to the tribe is also a major issue.
Fair play is often viewed as a weakness.
The likes of TW will never get it.

[pineapple1] 25/10/2012 12:23

When you spend a lot of time in a 3rd world country you get to see how they look at foreigners as something to bleed dry. They will likely be quite nationalistic and when they see UK owned company its highly likely they,ll come down on the side of their countrymen (unless you bribe them with more not to) irrespective of who is right or wrong. Thats the way things work in these sort of places. Forget any similarity with our court systems. They think our money grows on trees and we are all clandestine millionaires.Thats twice HMB have been stiffed.Do they think it will be third time lucky.....imho

[1nf3rn0] 25/10/2012 12:04

Well of course the lawyers will encourage them to keep chasing a lost cause... More fees in it for them the longer it drags out. That's how legal firms operate.

[vish65] 25/10/2012 11:57

The issue of chasing the fine will be based on the advice and experience of the lawyers. HMB will see it as their 'duty' to pursue the claim on behalf of shareholders.

Is this a mgt leading or being lead....