Hambledon Mining Share Discussion Threads

[chestnuts] 29/4/2013 07:44

OMI

Have just declared that they are cutting back on development, you have to wonder what the new owners on HMB will be thinking of doing with the lower gold price, after all the open pit was just proftable at $1600, i wouldnt be surprised if they suspended operations to see if the gold price can return to the 1600s.

Orosur Mining Orosur Mining Inc.: Operational Update

[chrisdgb] 22/4/2013 15:11

Great, Gold price rallying, HMB going down.....need some news to break this vacuum..

[yangou] 22/4/2013 13:41

Dont need a reminder GS when we are just seeing red on hmb share price again.Can you not do something to inspire the share price to go blue?

[giant steps] 22/4/2013 13:11

HMB reminder prices bid 1.10p offer 1.20p

[krowelet] 19/4/2013 18:57

Good site for another Iceland, what a sad story this has been, just about sums up the Aim market in general with just a very few exceptions imo.

[tymedici] 19/4/2013 18:29

may be the site could be converted to an an out-of-town shopping center..like Bluewater.

[1nf3rn0] 19/4/2013 13:34

The lower gold price certainly won't encourage them to ramp up the capex to reopen the underground mining ops anytime soon. The financial viability is probably now in very serious doubt. Given open pit mining has never generated enough cash to self finance and has a very short remaining life, it looks like this dog needs to be put down.Or to put it another way - more opportunities for you all to top up. Lol.Good luck.

[timgw] 19/4/2013 12:07

I emailed Charles Zorab a week ago asking if there was any liklihood of any news. Normally he replies quickly even if his answer is negative or non-committal. So far I have not heard from him........

[chrisdgb] 19/4/2013 09:07

mining sector bouncing, let us hope for sharp rally here.....some news might help..!!

[loppylugs] 18/4/2013 16:46

Today's announcement by the KZ authorities should allay fears, at least for the immediate future, of any nationalisation type grab for HMB or any other KZ mineral developer. The easing of the tax regime for miners is also a plus.

[loppylugs] 16/4/2013 14:01

Re: Gold Price Collapse.

Is there more to the dramatic drop in the gold price than meets the eye?

The macro-economic position is not significantly different than 12-months ago -
China was heading for a 'hard landing' - now thought to have been avoided
US economy little different
Eurozone crisis - is it resolved?
QE widespread - now Japan joining in
International politics - e.g., Arab/Isreali, Iran, N.Korea now all sorted??

Financial commentators are siting various elements of the above in an attempts to rationalise the price fall.

Currently there is a significate dis-connect between physical and 'electronic' gold. 'Shorting' via the latter is what has significantly moved the gold price. This has been assisted in no small measure by comments from well known US fiancial pundits and advice from US financial institutions

This fall in the gold price has been driven by some very large players and may be seen as an orchestrated and concerted exercise, the reasons for which may never be known. However, in the light of the recent talk of gold becoming more involved directly/indirectly as an international currency (e.g., discussions between the BRIC nations related to forming a trading bloc based on gold as a common currency) could it be an attempt by the US to re-inforce the US-dollar as the worlds reserve currency?

Whateverv the reason(s)for the drop, there has been no seismic change in the macro-economic positon and gold's purchasing power before the drop was roughly in line with it's historical purchasing value.
E&OE.

[pineapple1] 15/4/2013 17:58

HMB the strongest gold miner today........lol

[chrisdgb] 15/4/2013 10:21

surely we must be way overdue some news here....????

[pineapple1] 15/4/2013 09:05

Well the averaging down crowd have plenty of targets today.In fact they can average down on all their miners.Trouble is its likely some will be averaged down to zero.
imho

[1nf3rn0] 15/4/2013 07:22

So it would seem it's illogical to try to apply logic to AIM miners.

Are the gold bug loonies still averaging down? Gold in dropping like a stone. Must be lots of bleeding hands from this falling knife.

They'll call the bottom eventually I suppose! ;-)

[chestnuts] 12/4/2013 18:16

Chipp

YOu say they would not need to look externally to raise the cash, do you think the new owners will just give it to HMB, i would think that through again.

[chipperfrd] 12/4/2013 15:18

saywellxxx

I remain in the positive camp as well.

No point AR going through with the offer unless they planned to grow their investment.

I also doubt they would need to look externally for cash to develop the underground.

Time will tell.
Chip

[saywellxxx] 12/4/2013 13:01

I am hopeful it's a sign these guys know what they are doing.

Quietly working behind the scenes, talking to the right people and greasing the right palms.

So that in the fullness time, when the deal is done and not before (unlike the previous bozos) they can announce a reduction in the tailings dam fine, the completion of the Akmola purchase and a plan to resume underground mining.

That could well come wrapped up in an equity funding package but I would not think the new owners would be keen to dilute their 60% shareholding too much.

And of course there are other, mostly worse, outcomes but heh, I'm a glass half full sort of chap.

GLA whether you be long,short or totally indifferent.

[chipperfrd] 12/4/2013 12:38

Phillis,

I asked them recently and was told that an update is coming. But it has been an awfully long time without any news, so I can fully understand holders getting very restive!

One way or another I would have to say that the jury is out until they tell us what is in prospect and they are certainly in no hurry to inform the market about anything.

Very frustrating!
Chip

[phillis] 12/4/2013 11:16

Is this prolonged silence:

1/ the calm before the deluge of news?

2/ a sign that the new lot haven't got a clue what they are doing and should never be trusted to run a public Company (even if they do own a majority)?

[yangou] 10/4/2013 18:42

Thank you and yes your so right there saywellxxx. Price of gold still wobbly but can be a good time to dip ones toe in. At this level something must work out right not like before with my and other investors Investments in this company.

[saywellxxx] 10/4/2013 15:56

Good luck Yangou if you decide to take the plunge.

You may well be right augustusgloop and no-one should underestimate the political risk prevalent in Kaz, the other "stans", and many other countries (with, in my opinion, the list of "other countries" growing by the day - a worrying trend).

[yangou] 10/4/2013 15:32

saywellxxx I totally agree with you on No4 Looking to buy a few at this level as ,at the moment,a speculation but with better value at these levels

[augustusgloop] 10/4/2013 15:17

HMB were allowed to continue growing the business, doing all the work, covering all the costs -until profitability was just around the corner.
Then the Kaz bigwigs and legal system effectively forced them into the hands of the local oligarchs on the cheap.

It is a common problem in these corrupt countries.

[saywellxxx] 10/4/2013 13:32

Incidentally I increased my holding in HMB today - "averaging down"?, "catching a falling knife"? or "buying an undervalued asset"?

Rather depends on your point of view and risk tolerance I guess.