Hambledon Mining Share Discussion Threads

[1nf3rn0] 06/2/2013 09:27

Good point dof.I wonder what they could do that is within the rules and will yield them the best return on investment... Hmm...

[aaaaar] 06/2/2013 08:37

Ahhh TMC one of my better memories...bought at 88p sold at £3.48, £4.72 and the final tranche at £5.03 which I think was pretty much the top.

[giant steps] 06/2/2013 08:20

OK, thanks


edit : you should try the tmc thread, waiting 4 yrs !

[phillis] 06/2/2013 08:18

patience GS

good news comes to those that wait


maybe!then again maybe not

I'll look in again in 6 months time

[dofmeister] 05/2/2013 21:51

Privately owned now - they will do what they want within the rules !

[1nf3rn0] 05/2/2013 16:46

There's so much good news flow that the office type writer is struggling to keep up.

[giant steps] 05/2/2013 16:12

Why the delay ?




Giant Steps 1 Feb'13 - 10:01 - 16853 of 16880

Where's the production update ? (looks several weeks late)

[pineapple1] 03/2/2013 12:23

I don't mind reading what other people have traded and why.Whats wrong with that.
It may or may not help but its hardly like running a taxi meter ,time spent reading posts.



End of bull market in PM stocks.Well if there has been one the last few yrs i must have been asleep.

[1nf3rn0] 03/2/2013 11:30

SEQ. Yes its just me that occasionally posts about other holdings and trades. Nobody else does that on here. Honest. I would post my future trades rather than past trades but i don't have a time machine yet.

[tymedici] 01/2/2013 22:32

I don't think it really matters what people decide to post 'out of hours' with or without the aid of sherry. Threads by their very nature will attract all sorts of comments and thats part of their charm. I believe my knowledge has improved because of them, unfortunately this has not been matched, in my case, by an ability to act with the information I have acquired.

[sequoia] 01/2/2013 20:26

Re post 16876 1nf3n0.
No one is really interested in your past history of shares,that`s in the past and no relevance to today. If I posted all my past share actions for the last month that would send you and all others to sleep. Could it be that you have had too many sherry`s or are you not quite wired up right.
kind regards SEQ.

[1nf3rn0] 01/2/2013 19:00

If this drops back to 1.5p it might start to look interesting, maybe even worth a silly punt for old times sake! At the moment the only other goldies I'm interested in are CEY, which I took a calculated bet on sub-30p, AAZ which I bought into a few years back below 20p (selling half at 60p, missed out on the 80p selling opp. unfortunately, and it's performed almost as bad as other gold stocks since) and PGIL which I got recently around £2 as it looks interesting based on the takeover situation. I trade Petropavlosk from time to time as it has regular 10% swings - tends to rise up to results, and then plummet afterwards!

In total though probably have less than 10% of my investments in gold stocks now, versus maybe 30% a few years ago.

There's lots of nice little companies out there at the moment outside of the resource sectors. Don't know if anyone remembers me recommending SID around the middle of last year at 10p-ish - that's been a good one of late, and is now paying a dividend to boot.


Edit. I've just come to my senses. Even 1.5p and this would be high risk.

[yangou] 01/2/2013 17:20

Hi chessy. I am glad (in a way) to know that you are not a holder here anylonger,like myself. Think we have both tried to be optimistic about this company but now? I still look in here ocassionaly to see whats going on.
Y

[chipperfrd] 01/2/2013 16:23

I'm afraid I have dipped in and out a few times with AMA (Cluff). I don't really watch it much now and I certainly understand why you are resisting averaging down. It is certainly not on my buy list at the moment!

[pineapple1] 01/2/2013 16:18

Chip....CEY i am only just under water by a few pennies.AMA is the disaster.I refuse to average down.Been there worn the T Shirt.
Miners with large capital intensive projects requiring financing are bad news for equity holders.But lesson learnt there.As ever its all about timing.

[chipperfrd] 01/2/2013 16:06

pineapple

Truly sorry to hear about your experiences. I can understand why you feel anti the sector.

But perhaps, given my earlier posts, you can understand why I have been a buyer of CEY from under 30p and why I am a buyer of MML at it's current level. I have also been buying elsewhere on the basis that at the current gold & silver prices many of the mines which I monitor are demonstrating good earnings growth ahead.

I really do believe in adding to good prospects when they get cheaper. But I also reduce somewhat as they get more expensive. eg. I had been trading CEY last Autumn from c. 60p and taking profits with the trading range all along the way up as shares. I had closed out all positions by 108p prior to the subsequent collapse. Fortunate perhaps to be able to start the process all over again from a very low level. So perhaps you can understand why I am pretty positive about the current situation there.
Chip

edit: I only mention CEY as an example of 'practising what I'm preaching'.

[pineapple1] 01/2/2013 15:55

Inf3nrno....yes i,ve done ok with them to.BP in particular as a major now its been rising strongly.I understand oilers a lot more and the rewards far exceed those available in PM miners....imho

[pineapple1] 01/2/2013 15:53

Chip.....yes good luck to you to.You,ve always taken the time to help investors in the sector.You may have faired well as you seem to know what you are talking about but i would think there is a herd of investors who have had their head handed to them investing in the PM sector.
The only one i made money on was SHG.
I am still slightly underwater on CEY and considerably so on AMA. I won't be looking at any new investments in the sector what ever the price.To much risk with to little reward,particularly single mine operations......imho

[1nf3rn0] 01/2/2013 15:41

I agree pineapple. I've done well from oilers, and not just juniors, the majors have been decent too, esp with their healthy divis

[chipperfrd] 01/2/2013 15:40

pineapple

One can only speak from experience!

Over 10 years I have made some truly large gains from both PM and base metal miners. Over all that time only one of my stocks has gone bust.

Also, over that time, the market has moved to the downside roughly every two years. So I don't see the current lack of enthusiasm for miners as being so very different from the 4 cycles that preceded it.

We all have our own opinions - good thing too!

But based on my experience I wish to continue what has worked so well in the past. That is not so surprising is it?

What others do is up to them. And I wish every PI good fortune. This is not a zero-sum game so I would like everyone to benefit as I have done and hope to do in the future.
Chip

[chestnuts] 01/2/2013 15:25

Chip

Cycles in the 70s
ie Feb 1975 to 26th Aug 1976 , gold fell for around 18 months ie price dropped from 198 to $98 ie 50% now as gold got further to fall who knows, the gold miners were decimated and did not bounce back straight away it was around 2/3 yrs in total before people felt confident enough to reinvest in gold miners, so if hmb had been run better and not manipulated like it was i would be still invested, its the fact that 60% is owned by 1 person. This is very bad for share holders.

[chipperfrd] 01/2/2013 15:23

Chestnuts,

The fact that AR (actually the Assaubayev family) have put their £12m on the line would (to me) suggest that they expect to gain from this investment and that they will take whatever actions are necessary to maximise the future potential of HMB.

They already 'hold all the cards' as you put it, so it is relatively immaterial whether or not they choose to put more cash into HMB. If they do, then it will surely be for a good reason.

I do not hold with all this conspiracy stuff. I prefer cold logic. At the moment it is the Assaubayev's who have the most to lose by HMB failing. Their commitment to the company is far greater than mine and I hold lots of other stocks anyway.

I do have a 7-figure holding, so I am obviously biased towards a favourable outcome. But I also await with great interest the results of the CEO's review and in advance of that I do not take anything for granted.

On balance, I consider the probabilities are favourable for a good outcome. If the opposite becomes evident then I will accept my own judgement call was incorrect.
Chip

[chipperfrd] 01/2/2013 14:50

In my view, the reason why so many people lose is by employing margin. It's fine in a steady bull market but deadly in a falling or volatile market.

IMO it's best to stick with shares and only sell when there is a negative change in the underlying fundamentals or when there would appear little future upside in prospect.

Relying on the market as a measure of instantaneous value is very dangerous because the market just reflects either fear or greed with scant regard to longer-term prospects.

Hence, if a stock is assessed as holding good longer-term earnings potential then selling and crystallising a loss makes little sense if the only motive for doing so is the actions of others.

Conversely, paying too much for a rising share, if there is no strong fundamental reasons for doing so, just because loads of other people are doing so, is equally foolish in my view.

But then I accept that I am in a small minority of market participants and that the majority favour short-term trading strategies. But the statistics show that a very high proportion of wannabe traders eventually fail (c. 75%)!

At the end of the day we just have to follow methods that work in our best interests. If we don't learn from our mistakes and change our actions then we will eventually be eliminated from this game.

The market works in cycles and given enough time, we can better time our investment decisions to maximise our gains and minimise the probability of losses. It is the hard-earned experience of bad times that should inform our actions in the future as investors.
Chip

[chestnuts] 01/2/2013 14:44

Chipperford

HMB new owners say they are having a review, should they not have done this when they did their DD,
Its going to be interesting to see where they get their money from,

A placing is my bet,

But some on here think that the new owners are going to lend the money to HMB, this in itself is not a good thing as all of a sudden the new owners will then have 60% of the share holding he will then also own the debt, as they say he will then hold all the cards.