Hambledon Mining Share Discussion Threads

[dofmeister] 15/11/2012 15:57

Yep, sold out quite a few myself over the last few days, gone into EMED. Happy to take 1.65p and move on. Still got a few left in.

[chrismcglone] 15/11/2012 13:09

pineapple1 - i tend to agree. Reluctantly I am going to cut and run here. My high hopes for this have long since evaporated.

[fl4nders] 15/11/2012 11:23

Thank you Elb - I am assuming everyone is accepting the 60% then

[1nf3rn0] 15/11/2012 07:36

Denial is a powerful thing ;)

[pineapple1] 15/11/2012 05:08

elban....you are one of only a couple of posters here who seem to have an understanding of what the most likely outcome is here. Some here still expecting some sort of happy ending.There won't be if you hold onto your HMB shares expecting fair play from the mob who are buying the 60% as they know they will be able to nick them for less than a pittance at a later date. So obvious...imho

[sloppyg] 14/11/2012 20:16

Derisked a few today. Probably the wrong call but consider the 2p offer insufficient to generate sufficient interest to trigger the 50.1%.

If the offer does not go unconditional then fear a sharp share price correction before the possibility of any revised offer.

[elban] 14/11/2012 18:09

fl4nders,

just to add to chip's (b) -- the history (from what went on with Kazakh Gold) is that if the Assaubayev's don't get their way, the Govt will withdraw the mining licence.

Its called friends in high places.

[fl4nders] 14/11/2012 17:03

thank you chipp - are you selling or holding on

[loppylugs] 14/11/2012 16:36

Strange spread/trade indication again today - checked at 1625 and quoted bid@1.622 & offer@1.669 yet quote been 1.68/1.68 all day. Quantity of indicated trade sells, obviously buys.

[chipperfrd] 14/11/2012 16:36

fl4nders

Firstly, you retain all your current holding.

The issue then becomes: (a) have AR managed to secure a min of 50.1% or (b) the number of acceptances end up with AR securing less than 50.1%

If (a) then HMB carries on with AR being the majority shareholder and all those who accepted the offer for their shares get 2p/share up to 60% offered - or more if they had accepted for their entire holding (or pro-rata reduction if over-subscribed)

If (b) then the offer does not go unconditional and AR can either withdraw the offer, extend it, increase it, et al.

If withdrawn, then AR will still hold 9.03%, otherwise nothing much changes.

If they extend then a new offer date will be set.

[fl4nders] 14/11/2012 10:44

Can anyone tell me - what happens if we don't accept the offer?

[tymedici] 14/11/2012 07:38

right. I have read in twice. What exactly do you think that Mariyam Zhumadil was trying to say, dof? I could guess, of course, but I might guess wrong. Tks.

[dofmeister] 13/11/2012 21:36

"However, according to analyst Halyk Finance Mariyam Zhumadil, major shareholders of Hambledon's prior approval was not allowed to sell the shares, but the interest receipt of full proposals they have."

Sounds like the major shareholders are going for it.

[sawman2] 13/11/2012 20:51

Another important fact is the proximity of assets KazakhGold'a with deposits "Akmola gold. This would reverse repurchase of assets Asaubaevym KazakhGold'a implement operational synergy with the assets of Hambledon Mining ", – noted Ms. Zhumadil.

Difficult to work out because of the translation but is this section suggesting they intend to reverse some Kazakh Gold assets into HMB? If so could be interesting.

[dofmeister] 13/11/2012 20:30

Local reports sound promising...



...... buta different investor backing ????

[1nf3rn0] 13/11/2012 18:23

Chip,

I don't doubt that AR have more in mind than just Seki, and I am sure the future is very bright and prosperous for AR.

But as nice as it is to imagine, I just can't see them kindly taking HMB PIs along for the ride. The way AR will see it, the small investors are a nuisance and have nothing to offer.

When the likes of Daffern have never bought a decent stake, and Bridgen and now Eccles are bailing, it paints a picture of how much faith the 'insiders' have in sticking around.

Last one out turn off the light!

[chipperfrd] 13/11/2012 17:33

ELBAN

Don't you ever get tired of following me around where you have no financial interest spouting your negative views.

Why not do something more positive with your time?

[chipperfrd] 13/11/2012 17:30

chestnuts,

An awful lot can happen over the next 3 months, let alone over the next two years!

They have around two years worth of ore from the open-pit and may well consider going a bit deeper into what is currently the top of the UG deposits. But it may raise technical and waste handling issues which might preclude that option.

I feel that the AR connection is likely to ease their path into Akmola and may even help with the TD fines issue - who knows!

But it is what else is available from stranded deposits that may yet be brought to the table. AR must certainly have a grander plan than just Seki that's for sure - at least in my opinion! Then there is this 'nudge/wink' about Mauritania - just what is all that about!

I have not fully made up my mind yet about the offer but I am more and more tending to a HOLD position. After all, I know it is what I would be doing if the share price was already at 2p without the AR offer - and I think that on balance their involvement is a positive.

Either way, it is not exactly a major issue for me. I have lots of other investments and HMB has been at the riskier end of the portfolio for quite a while. A couple more years is neither here nor there to me given HMB's current valuation. And, as I intimated earlier, I really expect the gold sector to get a bit of a bounce soon given the way these cycles work.
Chip

[aaaaar] 13/11/2012 17:14

For those with exposure via IG, I have finally been given the deadline of 3pm 21st November to submit my tender.

[chestnuts] 13/11/2012 16:51

Chip
In 18 months time if they have not started the underground and not gain control of Akmola, it will all fall aprt Seki will then be sold to another party and the shareholders will be left with nothing, but a few million, that is why its esential they either do Akmola or Seki.

Now you see where the 18 months comes in.

[chipperfrd] 13/11/2012 16:34

chestnuts,

For what it's worth, I agree with them, as I don't see Seki needing finance any-time soon. The production from the open-pit should keep some cash coming in until they have all the permits, etc, in place ready for them to think about the underground resuming.

That will need cash of course, but by only planning to resume once they have more in their coffers then they can reduce the risks to shortfalls in working capital.

HMB have suggested 4Q13 for the UG but I am not assuming any contribution from the UG until the end of 2014 - by which time they MUST have alternative sources of ore already in place.

Hope it all works out for you.
Chip

[chestnuts] 13/11/2012 15:44

Chip

IF AR announced how they were going to finance Seki, then i would probably hold, but because when i spoke to the company they said they didnt need finance, ie coming from with in HMB, then some thing in my book is completly wrong. Hence i will sell all my shares and see what happens.