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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hambledon Mng | LSE:HMB | London | Ordinary Share | GB00B015PT76 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.775 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.775 | GBX |
Hambledon Mining (HMB) Share Charts1 Year Hambledon Mining Chart |
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1 Month Hambledon Mining Chart |
Intraday Hambledon Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/1/2014 | 13:10 | Hambledon Mining - 2009 onwards | 17,242 |
| 07/12/2013 | 00:27 | Hambledon Mining | 6,133 |
| 30/9/2011 | 22:30 | Hambledon Mining Plc | 101 |
| 12/10/2010 | 15:22 | bought this week | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 14/1/2014 12:21 by chipperfrd I attended the HMB meeting yesterday as I had not previously had the opportunity to meet the new management.As is usual with such meetings for many AIM companies, the actual holders tend to be outnumbered by the broker representatives, NOMAD, et al, and so it was the case yesterday. Obviously, one cannot expect any information that is not already in the public domain, but it was good to listen and question the company officers present. I felt that Ashar Qureshi (who led the meeting) came across exceedingly well and appears to be a great PR asset for the company. He was very open in response to questions and very clear in his communications (not always the case with many other such meetings that I have attended!). Likewise, the CEO (Aidar Assaubayev) appeared eager to answer questions and was very forthcoming with his replies. There were a good number of questions raised by the floor and I was personally gratified by all the replies given and the additional, unsolicited backing information provided. It is apparent that HMB have really tried to speed up the Seki U/G CPR by selecting the organisation that can best provide a speedy report. The Kara license response from MINT should (hopefully) not be too long now as they were back at their desks yesterday (13th) after the Xmas/New Year break. No decision yet on their new EPIC ticker following the name change, but it sounds as though it will be 'GB(something)'. Overall I was impressed by management confidence shown in the growth of the company and reassured as to my own position as a shareholder. Obviously AIMHO! Chip |
Posted at 12/12/2013 22:12 by chipperfrd sandeels,Well, as AR put up all the cash via the convertible loan, it is basically their cash which is at risk. Frankly, it is very likely (IMO) that they already knew a great deal about the Kara deposit before they bought in to HMB. From the outset they talked about merging other assets into HMB - this looks very much like one which they had in mind a year ago when they made the partial offer for HMB. Not much point making over-egged claims about a deposit that will eventually get a CPR unless they were pretty sure that it is everything they claim - and have paid for. If it does turn out to have 9m extractable oz then at c. $3.06/oz it will be one of the cheapest (if not the cheapest!) world class deposits globally. Chip |
Posted at 09/12/2013 17:59 by chipperfrd Simple logic and economics dictate that the family who have put up all the cash to get HMB back on the road again are far more likely to gain financially by keeping the company listed.The convertible loan is convertible at 3p (still nearly 50% above current SP) and they are saleable, so the loan notes provide a useful way of bringing larger players on board if required. AR only wished to purchase 60% of HMB 12 months ago when they could have so easily bid for the lot. So far they have laid out £12m for their 60% and another £17m for the Kara ore field deal. The best way to get an early return on that cash outlay is surely to build up the investment potential of the company to the point when they can distribute some of their share/convertible surplus at a higher price, yet still retain a controlling stake. They actually need $100m in development capex over the next three years (the $130m is over the 22yr LoM) so it is quite possible that a low capex, truck & shovel operation at Kara might well provide much of that cash - it remains to be seen what their plans are once the license to exploit is received, but that would appear the most likely scenario as it re-deploys all the current mobile equipment that is used on their present open pit and which would otherwise become redundant by 2015. I like the risk/reward here and things do look decidedly better than they did 12 months ago :-) Chip |
Posted at 07/12/2013 12:09 by chipperfrd It was quite clear in the RNS and presentation that these were internally generated estimates and that an independent CPR would be released early in 2014. So, of course, such figures cannot be used with confidence until the CPR is available.SP Angel were displaced as advisor/broker a year ago and may well be proved right or wrong - who knows! But as for the probability or not of such an improvement in the Seki UG resources neither share price Angel or the market can really know the outcome of the ongoing drilling programme. The last drilling report was 12th Dec 2012 with this summary of significant intersections: The results from the programme up to 9th December 2012 are set out below: Since the last update in June 2012, 6,343metres of drilling have been completed; One hundred and seventy two holes drilled to date; Total of 21,249 metres drilled since programme started; The main intersections since the last update include: - Hole D125 2.4m at 22.77g/t Au and 5m at 6.25g/t, - Hole D127 14m at 7.04g/t Au, - Hole D134 9m at 10.57g/t Au and 13m at 3.55g/t Au, - Hole D141 10m at 3.69g/t Au, - Hole D146 13m at 4.85g/t Au, - Hole D149 22m at 9.23g/t Au, - Hole D153 17m at 6.07g/t Au, - Hole D154 24m at 6.94g/t Au, - Hole D166 7.7m at 5.22g/t Au, - Hole D168 4.7m at 4.22g/t Au and 16m at 8g/t Au. 172 drill holes have been completed in the upper levels of the underground ore zones and the results are consistent and in many areas exceed the previous geological and mineral resource modelling previously carried out. Actually, they are pretty good long high grade intercepts from that 6.3km of drilling! The prior drilling results were reported in June: The results from the programme up to 12th June 2012 are set out below: 126 holes drilled to date, totalling 14,906 metres, · The main intersections since the last update include: · Hole D116 - 3m at 5.08g/t Au and 2m at 6.55g/t Au, · Hole D117 - 2m at 9.88g/t Au and 4m at 6.46g/t Au, · Hole D118 - 12m at 16.68g/t Au, · Hole D119 - 2m at 4.55g/t Au, · Hole D120 - 10m at 3.68g/t Au. So, over the last 12 months they have continued the drilling campaign from 21.2km to the current 53km (ie they have added another 31.5km of U/G drilling). What none of us know (including share price Angel) is just how good or bad that has gone. The resource was clearly going to be increased significantly, just from the results achieved up to 9/12/12, so it is not completely improbable that after another 30km of drilling they have the confidence to make their own estimate of an additional 4moz or so to the U/G resource. The last resource statement was in Dec 2010. At that time the CPR quoted: Indicated, 2.65mt @ 5.2g/t for 443Koz at 2g/t cutoff Inferred, 7.22mt @ 5.2g/t for 1,207koz at 2g/t cutoff there was also another 5.97mt at marginal grade for 145koz. The internal estimate uses a higher cutoff (3g/t instead of 2g/t) presumably to reflect the lower gold price and would therefore exclude the marginal material. The grade quoted at 5.34g/t for the updated deposit would therefore appear reasonable at the higher cutoff. And frankly, finding another 4m oz after 31km of drilling also looks quite feasible to me. Simple answer for those who doubt the internal estimate is to wait for the CPR. Chip |
Posted at 06/12/2013 11:16 by chipperfrd This new management are clearly working to a long term plan.An updated CPR on the Seki UG resources/reserves will underscore that part of the expansion plan - so we will need to wait for a few more months to get their internally generated estimate of c. 6moz @ 5.34g/t confirmed. The other highly interesting development is the prospective 9m oz @ 3g/t on the neighbouring Karasuyskoye ore field. A granting of licence for exploitation there should prompt another CPR on those deposits and really put HMB on the map with respect to a potentially huge resource for such a small company. The question might then be: does the low pre-production Capex requirement for Kara push it to the forefront in terms of cash generation to fund the initial $100m needed to get the Seki UG developed? Some quick & dirty calculations would indicate that the current plant (850,000tpa) could produce around 60-70koz from the Kara 3g/t ore assuming a recovery of c. 85%. Costs are, of course, unknown as yet. But if HMB are projecting c. $560/oz for the prospective UG operation at Seki then one can assume that a straight 'truck & shovel, haul' operation at Kara should be at a similar or lower operating cost. In such an event the potential OPCF from Kara could be of the order of $40-50m per annum which could cover the next 3 years of CAPEX for Seki (at an assumed PoG of just $1300/oz). Incidentally, again using rough & dirty calculations: the HMB estimate of 100koz pa from the expanded Seki UG does look feasible on their quoted ore grade. ie 850,000t at 5.34g/t = 145koz contained gold. Applying a dilution factor and recovery at 91% does lead to a potential level of production close to 100koz pa. Still lots of 'boxes to be ticked' and best we don't get carried away in wild speculation until each stage gets confirmed - but it is a rather enticing prospect if it were all to work out. Chip |
Posted at 10/10/2013 20:51 by loppylugs Random observations -1. The benefits of an London (AIM) listing for HMB would appear to considerably outweigh the drawbacks - both internally within KZ and from a business/financial perspective. Had the current major shareholder(s) wished to merely own and operate a private gold field, they could have saved a lot of time and expence and merely brought HMB outright. Furthermore, bearing in mind the dire position the Company was in this time last year, they could have waited a few months and prossibly picked up the Company from the administrators. 2. The fact that a conversion price of 3p has been set appears to say something about the approach of the existing board towards p.i's. A conversion price of 1.5p could have been set; which would have resulted in twice as many new shares being issued. 3. Conversion is likely to take place sooner rather than later, thereby helping with the breach of covanant problem with the ERBD in relation to debt-to-equity ratio. 4. Dilution of of shares has taken place, but not to fund existing operations as has occurred in the past. Rather, this dilution is to fund the purchase of a considerable asset with good grade ratios. In addition, this asset is not 90-miles away as with Akmola, but immediately adjacent to the existing mining operation/infrastruc 5. The existing management have made no secret of the fact that they intend to build the Company; both in/organicly. As acquisitions go, what better than a next-door field which will potentially assist with any application(s) to extend the existing mining licence(s). 6. The existing board have considerable mining experience and know what they are doing - as their management of operations to date have shown. Would be rather surprising if they have spent $27m on a mere whim. This purchase will have been well researched and planned. 7. The new management's stated intention is to build HMB into a considerable asset together with a 'main board' listing. This will require further funding/debt. However, as the size and scope of the enterprise grows then so should the associated share price. E&OE. |
Posted at 05/10/2013 16:03 by chestnuts ChipYes they could have taken control for an extra £8m, or you could argued they have control with out paying the £8m , also call it what you like placing or preferential shares they have diluted the shareholders, also if they do convert and they will, and when they buy something else using preferential shares diluting further, also now they have bought the company how are they going to fund its development more preferential shares, dilute the shareholders further, as stated when the take over was announced this guy in charge is only going to take away your % of ownership, and when he is ready he will consolidate the shares ie your 1 million shares could be = to just 10 shares albeit the share price might have to be reconfigured. But share holders will lose out thats for sure, |
Posted at 22/4/2013 13:41 by yangou 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? |
Posted at 10/4/2013 13:10 by saywellxxx I agree with chip, one cannot generalise.Each of us has his/her own trading strategy whether that be on technicals, fundamentals, short term, long term, or any combination thereof. There are those that buy on the rise and there are those that buy on the fall, there are those that sell on the rise and those that sell on the fall. There are, however, some certainties, which I would defy anyone to argue against, when it comes to these boards; 1. Those that claim they know a share price is definitely going to go up or down should be treated with extreme caution. 2. Those that take great pleasure (at the expense of holders) in a share price demise should be treated with extreme caution. 3. Those who become wildly over-enthusiastic about a share price rise should be treated (etc.) and a final one (my view only) 4. People like chip are few and far between and should be encouraged to share their thoughts and wisdom. |
Posted at 04/12/2012 18:07 by troc1958 Dont know how HMB share price will pan out in future. African Resources must believe that 2p is a fair price to pay. Like them and Chip, I believe that HMB has upside potential. Consequently I decided to "assign" 60% of my shares @ 2p, wait until the deal was "unconditional" (which according to recent RNS' it now is), then buy back an equivalent number to my "assigned" shares in the market at a price substantially lower than 2p. (i.e. avg 1.67p)Obviously there are risks that the deal falls through and all "assigned" shares revert back to their original owners. I will thus have increased my shareholding by 60%. Overall a gamble worth taking IMO. Comments? Troc |
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