Hambledon Mining Share Discussion Threads

[chestnuts] 14/3/2013 13:12

Just popped in charting wise looks like the share price is going back to close the gap 1.25p is the bottom of the gap.

[giant steps] 14/3/2013 12:36

HMB reminder prices bid 1.50p offer 1.57p

Observe trade just published, 200K @ 1.47p

[giant steps] 13/3/2013 12:13

HMB reminder prices bid 1.55p offer 1.6p

[1nf3rn0] 11/3/2013 12:16

What? That its a duff company? I think that's been clear for a number of years.

[timgw] 11/3/2013 12:11

Price indicates once again that somebody knows something that we don't!

[haff1] 11/3/2013 11:32

..should do but lacking a little confidence in this ...

[1nf3rn0] 11/3/2013 11:03

Averaging down anyone? :-)

[1nf3rn0] 11/3/2013 10:45

Heading towards my 1st march 1.5p target. Will that be low enough to tempt back the 2p sellers? Or those that wisely sold on the Christmas eve spike?

[giant steps] 11/3/2013 10:12

It's a shame about the lack of a production update for
HMB but the price movement suggests it is a gold miner

HMB reminder prices bid 1.7p offer 1.75p

[yangou] 08/3/2013 17:12

Just the FED would invest in more paper and thank goodness our bank is not investing in any more for now.

[1nf3rn0] 07/3/2013 22:55

I don't think anyone is suggesting investing in paper. Just investing in things that are going up, rather than down.

[yangou] 07/3/2013 22:10

But as we all know whats worth more- paper or gold?

[1nf3rn0] 07/3/2013 20:53

This is more like it. Was clearly overpriced at +2p.

How much longer till the price of gold and gold miners turn the corner? Months? Years? (it's already been about a 2 year slump for many miners) How deep are the PIs pockets that are averaging down? Can they afford such losses?


RIT Capital Partners - a trust I follow very closely and who are usually fairly on the ball with regard to the state of the market, i.e. when to take risks and when to be risk-adverse - today announced their final results, and in the commentary state they have been reducing defensive positions over the last 6 months and moving more into equities. They'd previously built up a reasonable, although not huge, exposure to gold and commodities with the aim of wealth preservation. Worth taking note that they've now moved away from this strategy, they are usually right.

This also echos with the comment in my post above "Continued quantitive easing
in the US will force investors to move into riskier assets. With gold
labelled as a "safe haven", investors will look elsewhere"

[1nf3rn0] 04/3/2013 20:59

Well after the brief stalling period HMB did drop today, so looks like it will now continue to follow the other goldies downwards.


Just out of interest, from today's City AM:

"After the price of gold sunk to a fresh low in February, will its value continue to fall?

Ishaq Siddiqi

YES

Gold prices slid for the sixth month in a row in February. This is the
longest streak of monthly declines since 1996, and is likely to
continue in the months ahead, due to a combination of
accommodative easing measures by central banks, and regaining
economic strength in the US and China. Continued quantitive easing
in the US will force investors to move into riskier assets. With gold
labelled as a "safe haven", investors will look elsewhere – like
shares – for better returns. Gold will decline further as a result. At the
same time, the US housing market is rebounding, manufacturing
activity is recovering, and the jobs market is slowly stabilising. That
growth will lead to an increased appetite for risk and US dollar
strength. Gold futures are denominated in US dollars and become
more expensive for foreign investors when the dollar strengthens,
curbing its buyers out of the market and dampening demand.
Ishaq Siddiqi is market strategist at ETX Capital.



Olivia Ker

NO

The danger for investors is to bet the market based on a single factor
– in this case, the US recovery. There are a number of other factors
that suggest that the gold price will go back up in the medium term.
First, while the price is down in terms of US dollars, it is still in positive
territory in terms of sterling. Second, many of the world's economies
have negative real interest rates – an environment that is particularly
accommodating for the value of real assets like gold. The Bank of
Japan and the Bank of England are expected to continue quantitive
easing, and gold – which is viewed as a currency that can't be
manipulated – will increase in value. Many central banks, like those in
Brazil and Russia, continue to buy gold, so these reserves may
increase further. Finally, there has been an increase in the physical
buying of gold, largely dominated by emerging markets, particularly
China, so we can be confident that the price of gold will be going up.
Olivia Ker is director and portfolio manager at BlackRock."

[1nf3rn0] 01/3/2013 20:32

Serious question.

Would you rather own a 1 oz gold coin, or 47.11 Bitcoins? Both are equal at time of writing.

One to consider over the weekend.

[phillis] 01/3/2013 15:48

and half the shares plus are not for trading

it really is that simple

[aaaaar] 01/3/2013 10:53

Those that wanted to sell have already done so via the 2p offer, simples.

[1nf3rn0] 01/3/2013 09:28

I'm surprised this is still hovering around the 2p level. Despite the recent 2p investment, I'd have expected this to be back down around 1.5p again given the battering the rest of the gold sector is taking, including some the more established producers. Gold is way off it's highs now and looks like it may well have further to fall. It's odd that a high-cost loss-making miner like HMB is holding fairly steady (ignoring the Christmas spike selling opportunity).

[chipperfrd] 24/2/2013 21:25

Just noticed the leach tank accident at MWA's Freda Rebecca Mine in Zimbabwe.

Luckily there are no serious injuries and re-mediation work on the tanks has commenced. But what really caught my eye was the fine imposed by the local Environmental Management Agency - just $5,000 !!

A high cyanide concentration spill from leach tanks is several orders of magnitude worse than a minor leak from a tailings dam (as in the case of HMB back in Oct 2011) yet the difference in penalties imposed could not be more marked (ie around 1,000x less!). No wonder HMB (in the guise of TD) felt so aggrieved.

[saywellxxx] 22/2/2013 10:33

Is Trew's first language English?

The words "stifle/result in" are used interchangeably in the intro so the MAED site is actually saying that the standard/restrictive boxes can often "stifle less than optimal solutions".

So they train their engineers to think out of the standard/restrictive boxes so that they don't stifle a less optimal solution.

Oh dear!

[phillis] 21/2/2013 17:55

I met with TD before the vote

I had not realised his connection with HMB went way back
He was with Wardell Armsstrong and wrote a large part of the listing documentation

Full circle it seems

[phillis] 21/2/2013 13:53

I recall it was his v aggressive attitude that won him no friends
But perhaps there were no friends to be made

His own Board sacked him!

[chipperfrd] 21/2/2013 13:45

GS

Yes, he took OXS from explorer to producer in the heady days before the Uzbek state imposed their will over the mine.

When he left in 2007 the OXS share price was c. 45p. One tends to think that he could see what was going to happen there and got out before it was too late.

He still has his mining engineering company and does come with lots of experience - particularly in the 'Stans'. Quite a vote of confidence that he is prepared to get involved in the region again considering what has gone on elsewhere.


Chip

[giant steps] 21/2/2013 13:30

Phillis, there is no doubt that Trew will bring expertise
and enthusiasm to the hambledon camp

[phillis] 21/2/2013 13:07

Well Trew made a major hash of his last assignment in the FSU

" look forward to TD's continuing involvement"
Has a cosmetic appearance does this RNS
I can appreciate why TD would not want to be a Director of this enterprise