Hambledon Mining Share Discussion Threads

[dofmeister] 21/2/2013 09:04

GS, I feel the production figures won't mean much. I wonder if the board is being beefed up with further appointments for much bigger things. I have added a few more in anticipation.

[giant steps] 21/2/2013 08:18

POG fell over $50 yesterday,

hmb must be a producer given the share price fall
- now can we have the production figures ?

[tymedici] 20/2/2013 17:32

In fairness to Daffern he hardly bought any HMB shares.

[chipperfrd] 20/2/2013 16:26

I don't think anyone doubted TD would eventually go!

Bit of a surprise seeing Bill Trew as a new NED. Must admit I made quite a bit from Oxus in the early days (twice in fact!) before the full impact of the Uzbeck state wrecked the investment potential. They even had one of their lawyers shot for goodness sake! Awful situation and still is.

But BT does know mining that's for sure so he is likely to be very useful to them.

Interesting to see the choice of broker and NOMAD. Makes it fairly clear where the Hanson connection comes in!

Looks like this has now cleared the way for further reports from HMB.
Chip

[1nf3rn0] 20/2/2013 15:51

Oops. Shareprice response doesn't suggest reassurance has been felt. But... At least it gives people the opportunity to get another hit for their averaging down addictions.

[pineapple1] 20/2/2013 15:34

At least you all know to sell if you see Dafferns face crop up again somewhere

[giant steps] 20/2/2013 15:27

From Angel Mining to Hambledon Mining to ...

(worth watching the daffern story)

[1nf3rn0] 20/2/2013 15:23

Oxus eh... Well that must be reassuring for hmb holders...I'd like to congratulate Tim. Spending barely a bean of his own cash on shares while he oversaw the companys value evaporate was an example of his shrewdness. He deserves a large farewell package.

[giant steps] 20/2/2013 15:00

Daffern Out, resigned

Bill Trew In (as non-exec director) ex-Oxus, a wealth of experience


RNS 20th Feb 2013

[1nf3rn0] 16/2/2013 12:14

FYI from The Telegraph:

"Heavyweight broker Citigroup took the shine off precious metals miners Fresnillo and Randgold Resources, with both companies tumbling to the bottom of the FTSE 100 after analysts at the bank sounded a note of caution about weakening gold and silver prices.

Gold, which has been on a bull run for 12 years, fell to a six-month low today, while silver was also weaker. The former is viewed as a safe haven by investors and the price of the metal has declined amid mounting optimism over the global economy.

Citi's experts said they had been worried about gold and silver prices "for some time" and that "the recent further loss of momentum has concerned us even more".

They decided to cut both Fresnillo and Randgold to "sell" from "neutral", knocking shares in the former down 105p – or 6.3pc – to £15.50 and the latter down 220p to £55.80."

[1nf3rn0] 15/2/2013 15:40

You might get your 20% slump quite soon if the price of gold keeps dropping like this!

[pineapple1] 15/2/2013 09:24

Inferno....i am looking for at least another 20-30% down in the sector.
I,ve said it previously that the PM shares will do another 2008/9 again but not quite in nominal terms.
Its likely the general market benefits from the invisible hand of support.I doubt the invisible hand cares to support the miners so they are perhaps doing what the general market should be.
imho

[1nf3rn0] 15/2/2013 09:18

Its not merely a simplistic view. Its plain facts that bring heavily exposed to gold miners over the last two years has been a poor choice. Its not even debatable. What is debatable is whether NOW is the time to be buying. Will the sector rebound soon? Personally i think not based on recent poor news flow from many miners.

[p@] 15/2/2013 08:19

Keep up your good work Chip.

[chipperfrd] 15/2/2013 08:11

pineapple1,

Now you have gone too far. I will thank you to keep your aspersions about my portfolio to yourself and keep your nose out of my business as you know absolutely nothing about it.

What a bloody cheek!

I think our discussions have ended.

[pineapple1] 15/2/2013 07:48

You must be exceptional then chip.Most have fared less well.But if i had a portfolio with the majority of shares showing the losses you do then i would be out of hte game.Fair play to you for having the stomach to stick it out.Hope it comes good but i see lower metal and pm equity prices ahead.
I think we are going to have a re-run similar to 2008/9 for the pm miners although not quite as bad in nominal terms.
imho

[chipperfrd] 15/2/2013 07:44

Well that's fine then! You both agree. Good luck with the banks!

[chipperfrd] 15/2/2013 07:41

Inferno,
You have far too simplistic a view!

I am not going to bore everyone with my own dealings but it is sufficient to say that there has been enough performance amongst the resources sector to keep me going throughout 2012 and to allow me to carry on with my own investment activities unabated.

No need to worry about me - I'm fine and very positive about the future :-)

[pineapple1] 15/2/2013 07:39

chip.....of course banks have been awful over 10yrs.Everyone knows that. i,m talking the last 2yrs. I see another 20% minimum off miners.GDXJ i have a target of 13 .

Good post Inferno.I agree. Some People seem to marry a sector for ever.Shares are for buying and selling. This averaging down strategy to me is daft.It may work sometimes but eventually you'll average down to zero making and compounding your losses far worse.

[1nf3rn0] 14/2/2013 21:20

"I find I can make a reasonable job of estimating future cashflows and I only invest in stuff that I can put a value on"

Can you say you've made a reasonable job of valuing HMB? No offence but your forecasts and valuations have been way off the mark for years. Not that it's easy to value a company that gives out fairly useless info - their own forecasts have been shocking, so there's not much for a PI to work with in making a sensible estimate. The only sensible valuation conclusion is that any valuation is most likely way off the mark, given the huge uncertainties, and lack of reliable info (or any info as now seems the case).

Re that list of gold stock. Yes over 10 years view those particular stocks have done well (I'm sure there's many more that have been stinkers though), but how much have they all given back over the last year. And why stick with all these goldies when they are in a sector bear market? That's what I'll never understand about out and out gold bugs. It's just irrational to think continually averaging down (at the opportunity cost of missing rising sectors - i.e almost anything not a gold miner) will pay off. In most cases I believe if you get given such a prolonged "opportunity" to average down, something has gone wrong with your investments.

I too did well from miners up to a couple of years back, but when a sector becomes a dog, better to reduce exposure, take more of a backseat, await signs of a reversal and then buy back in (with profits made from other sectors in the meantime).