Hambledon Mining Share Discussion Threads

[1nf3rn0] 07/12/2012 13:28

AAAAAR glad you decided to sell all at 2p. Whether you buy back or not taking 2p was the smart choice. Not sure why some here held on... Strange to turn down a golden opportunity like that.

[aaaaar] 07/12/2012 11:46

I mean for AF, think I posted it but I bought back 20% of my holding 2 weeks ago at 1.6 having tendered the full amount. Looking to buy some more when I see fit whether that's above or below the current price depends on several things.
I agree with Chip that stock is now sitting in tight hands so may have to be patient.

[haff1] 07/12/2012 11:45

..so what does that translate to for those still holding? I can't quite get my head around the implications?

[phillis] 07/12/2012 11:39

not for some of us

[aaaaar] 07/12/2012 11:25

And thats that.

[timgw] 06/12/2012 11:56

We have all made our decisions and have to stand by them. If I get wiped out it is my own fault and a loss I can easily take on the chin having slightly hedged my bet with a good gain the week before the offer news. There are arguments for both points of view but nobody ever got rich by letting emotion cloud their judgement.

[almost] 06/12/2012 09:09

Chip, do not get drawn into this silly debate.
Let's keep cool and see what happens....we have made our decision and will have to live with it, whatever.

[phillis] 06/12/2012 08:12

what relevance is the name for gawd's sake
Chip
Give up
you cannot argue with this level of stupidity

[chestnuts] 05/12/2012 23:20

Chip

We dont know yet if the Institution have sold any or not, now what would you say if they have all sold out, lets see, what AR are up to, also why African resources,, when they have just got control of a Kazakhstan mine, it makes you wonder. I wonder when the name change will come.

[1nf3rn0] 05/12/2012 22:22

You're probably right. I'm sure AR are the most trustworthy Kazakh's we could meet and they'll probably send out greetings cards to PIs at Christmas and on their birthday's given their generous spirit!

I'm sure these shares will be +2p in no time. Ignore Seki u/g ops being suspended. It's all about Mauritania now! That sounds like a plan that can't fail! This time next year Rodney.

[chipperfrd] 05/12/2012 22:02

I have thought about it - that's why I am holding!

If AR wanted to take out the whole company they could already have done so. But they chose to leave the option open, presumably for the Institutions, and left space for the 40% remaining. Why would they now do anything to screw that up.

Think about it ;-]

[1nf3rn0] 05/12/2012 21:51

AR wouldn't need to dilute themselves. Think about it.

[chipperfrd] 05/12/2012 21:33

It would really make a pleasant change to have a modicum of rational thinking from the bears of this stock!

I would have thought that it would be obvious that any further funding requirement would be met from anything other than a placing! And certainly not one below the 2p offer price.

Why on earth would AR wish to allow a low-ball dilution when they have just successfully bought 60% of the company?

The remaining 40% of the stock must surely be predominantly Institutional held, so all credibility for AR and it's future dealings on the LSE/AIM would be shredded. Pretty unlikely/improbable when AR have only just got started by setting up a holding company to acquire HMB in the first place.

The most probable scenario in my view is that when funds are required to expand HMB production they will be largely, if not wholly, met from internal loans (ie AR) or Kazak banks.

In the meantime, HMB have stemmed the outflow of funds that were required for building the underground infrastructure and will fall back and consolidate their balance sheet from the open-pit alone. Time will tell whether the UG build will re-start next Autumn. I am assuming that by then we will have received other indications of what AR have in mind for their new investment.
Chip

[1nf3rn0] 05/12/2012 21:00

Yes a highly discounted placing would be very unusual for a company of HMB's standing... Well it's only happened a couple of times... it couldn't happen again could it. Yes I'm sure those that have sold at 2p are kicking themselves for not holding on at 1.65p ready to be taken on another ride.

[chestnuts] 05/12/2012 20:48

Chip

Just ask your self where are they going to get the money from to finance Seki and Akmola, i cant see them waiting 12 months before they have raised enough money through the open pit.
As for saying i wish the worst, thats not true i sold out because of the fact that they own over 51% and control the company, ask your self why they went for 60% and not 51%. I just dont trust them

[sequoia] 05/12/2012 19:28

Think about it.
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[sequoia] 05/12/2012 19:27

They want to move up to a higher market.

[chipperfrd] 05/12/2012 19:09

Chestnuts/Inf3rn0

No doubt you wish the worst for this share and would like nothing better than to see it meet your expectations (however low they may be). But to talk illogical nonsense about low-ball placings when over half the company has just changed hands for 2p/share seems beyond the pale to say the least!

[loppylugs] 05/12/2012 19:06

Chip

You are correct on all counts.

[chipperfrd] 05/12/2012 19:01

TimGW

There are rules that restrict the tactics that can be employed when an offer (or partial offer) is being undertaken.

AR appears (to me) to have been pretty transparent and have stuck to the rules in the lead-up to this offer. What's more they have undertaken to NOT add additional shares for (I think) 12 months.

When I read through their full partial offer document I formed the impression that they were attempting to build confidence across the City Institutions - presumably because they expect to become a reliable 'mover' on the London market in the future.

Only time will tell. I am certainly prepared to give them a decent go at it.
Chip

[sequoia] 05/12/2012 18:55

I find that offensive,1nf3no,when you say stragglers, do you mean investors. That have invested their money in a share?.
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[sequoia] 05/12/2012 18:25

Am I correct in thinking that Akmola is worth 1.2p alone?
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[1nf3rn0] 05/12/2012 17:41

I agree chesty. Lowball placing seems a good way to clear out any stragglers left in.