Hameldon Res Share Discussion Threads

[marab] 08/12/2010 16:15

I could get 0.85p if I wanted to sell now. Buys round about the 0.9p mark still. Indicates that we have a proper market at the moment. Pretty good return for those that bought this morning.

Correction - buy just gone through at 0.97p.

[moreforus] 08/12/2010 16:14

3 vs 1

buyers at 0.97p

be over 1p tomorrow...(-;

[leedsu36] 08/12/2010 16:13

Yeah marab i also believe TW's responses to yourself when he says he's pushing nomad as hard as poss,so to me news is just around the corner.

[marab] 08/12/2010 16:08

leedsu36 - You know your onto something good when he turns up though.

I am hoping for some kind of news on the other investments here (just hoping, nothing to base that on) otherwise the next news will be the NAV, and at some point next year the admission of Ascot to the AIM market which should be a good boost to the NAV.

Talking about NAV, it's worth pointing out to those that never read the info at the top of BBs that "Further shares will be issued to TIM on a quarterly basis, at 25% of the growth of the NAV on shares not held by TIM." TIM is t1ps
Investment Management and they own about 25% of the company, so they will receive 25% of 75% (ie. 18.75%) of any increase above the previous highest NAV. If NAV was 1p a share then they only get their future performance bonus on NAV above 1p even if the NAV had dropped to say 0.8p at some point. This is unlike the normal investment trust where they take their cut regardless. So if the NAV doesn't keep going up TIM gets nowt.

Also worth pointing out that every time TIM gets new performance shares the NAV will drop because there will then be more shares to divide into the portfolio value. That means that TW needs to increase the NAV beyond that dilution before TIM qualifies for any more shares. A good incentive to keep improving results.

I hope that makes some sense. Basically if the NAV keeps going up, the performance pays back the NAV dilution. Otherwise TIM would only ever get one payment of performance shares, and I doubt if they would have invested here for that.

[leedsu36] 08/12/2010 16:05

qurashim...spread will fix itself,will work both ways i'd rather be getting in now.

[gdasinv2] 08/12/2010 15:57

HRE appears to hold loads og GOLS stocks on Asoct, RRR...sounds very good to me...worh 3 - 4p NAV.

[gdasinv2] 08/12/2010 15:57

HRE appears to hold loads og GOLS stocks on Asoct, RRR...sounds very good to me...worh 3 - 4p NAV.

[moormoney] 08/12/2010 15:36

marab thanks for the info. I am doing well with AGQ in my isa and CNR so I'm a fan of silver for 2011. I checked TWs Gold fund performance and was impressed so yes I'm in dxr and hope to keep adding before the egm ann and action begins. HRE, DXR--long and strong!

[leedsu36] 08/12/2010 15:32

marab...yes i know who you mean,whats gets me is the fact he's obviously a well educated guy who knows his stuff,but acts so childish with his "must dash" etc statements,and won't involve himself in balanced argument,it's just negative,negative,negative,when there is obviously some good points to be discussed which thankfully the likes of you bring up....anyway enough of that and gl.

[quraishim] 08/12/2010 15:29

Bunch of crooks with so much spread!!!!

[marab] 08/12/2010 15:26

Athol Gold is going to look a lot better on the letterhead than Hameldon Resources. Sounds posh and expensive and nothing at all like a personal recreation type substance.

[marab] 08/12/2010 15:23

From RNS on the 25th November 2010.

"Further to our announcement on 26th October 2010, the shareholders have approved the name change of the Company from Hameldon Resources Limited to Athol Gold Limited and an application has now been submitted to the Registrar of Companies in the Cayman Islands to effect the name change. A further announcement will be made once the name change becomes effective."

[argy2] 08/12/2010 15:18

When does the name change take place?

[marab] 08/12/2010 15:16

leedsu36 - Welcome, and lets hope 'he who cannot be named' doesn't follow you over. That helps explain the end of the cheap placing shares. To be honest I think the more people that bail out of DXR the better it looks price wise. It's hard to value either of them at the moment. I certainly wouldn't sell either one to go into the other. DXR currently has no investments and we don't know what HRE holds other than Ascot. Owning both takes away the brain strain of deciding.

sat novice - I have emailed HRE to ask what plans they have for letting us know about the investments and am waiting for a reply. I understand that there may be reasons for not telling us some of it, like perhaps they are buying (or selling)shares in a stock over a period of time so as not to bump the price up(down), and they don't want other investors piling in. I have no problem with that because the idea would be to buy shares cheaper which means we get a greater NAV. There is also the theory that if we are given lists say every 3 months when the NAV is calculated, they could be out of date before they are printed due to buys and sells. Again I don't have a problem with that because at least we can see how the fund is being managed and get an idea of where we are headed. Hopefully news soon but as I have not contacted the company before I have no idea how long it will take to receive a reply.

[leedsu36] 08/12/2010 14:58

marab...just joined you here with 100k,i think maybe a few DXR holders are selling some and maybe splitting money between here and DXR.

[sat novice] 08/12/2010 14:40

hi guys hold 150k of this stock bought into it purely because of the ascot connection heres hoping the other investments from the company are as good :) anyone with any indication what they could be ?

[marab] 08/12/2010 14:17

Well that's a nice jump in share price. Looks like WINS didn't have that much stock after all.

I have written to Athol asking for their comments on future information release and look forward to their reply. I was going to pick up some more shares at 0.71p after I had sent Athol an email and now they are 0.9p to buy. I really need to learn to touch type. That just sums up my share dealing luck in a nutshell. Makes my current holding look a lot prettier though.

moormoney - your small holding is growing bigger.

[argy2] 08/12/2010 14:16

Loose stock seems to have gone now. Future is looking bright.

[marab] 08/12/2010 13:40

moormoney - Welcome. The important word there is 'holding'. The term 'small' is relative, I know that because I have an uncle who is only 4 feet tall. Patiently waiting is all we can do at the moment due to lack of information. I am hoping that the BOD of Athol will realise the long term advantages of having a good information flow. It's taken me a while to appreciate the fact that TW was brought on board to manage the investments, and information flow is not something he can address without having BOD approval. Very hard to get excited about a company when you have no clue what, if anything, they are doing. At least we know about Ascot which is a start. Actually I was thinking that someone should email the BOD and ask them what their intentions are regarding informing shareholders. I will do that now in fact.

I have made the odd profit (and loss)here and there through people mentioning other shares on the boards so will ask if you have had a look at DXR, basically the sister of Athol, although DXR ( now called Woodburne Square Silver)will be investing mostly in silver. Silver, as you know, hasn't been going up as fast as gold and looks like a good opportunity for next year. Share price is about 3.2p, less than the 3.8p (I think)that TW's Funds paid for some of the previous directors shares. Share price is being hammered because lots of investors want out, probably because of lack of any news. Currently waiting for announcement of an EGM date to allow TW to start investing. No news is bad news for most of us. It's a Kennyruss board so there is lots of info on it to get you started. Read some of the later posts for a feel of what's happening. If you want the worst case scenario read Pwhite's posts. Bear in mind he also said that DXR would be wound up months ago. I got in late here at Athol at over three times the price TW paid, but at DXR I can now buy shares cheaper than his. DYOR and see what you think.

No apologies for the O/T post because I think it's worth a look at least. I own shares in both and for the same reasons, I believe TW can do more deals like the one with Ascot Gold.

Link to DXR

[moormoney] 08/12/2010 12:53

I'm here patiently waiting with my small holding.

[marab] 08/12/2010 11:57

I reckon TW has been in this game for long enough that he has a list of people he calls on for cash when he needs it. Here he raised £1,170,000 within a month Anyone on that list would likely have dealt with him before and feel fairly confident of being offered more deals in the future. Different investment strategy. 15% return on say a one month investment probably sounds okay to many people. If they didn't sell they wouldn't have that cash for the next venture. My opinion only.

On the plus side, thanks for posting argy2. It's lonely here with no news, and at the moment even the occasional death threat would be nice. Or even a visit by Pwhite. No scratch that, I would sooner have the death threat.

[argy2] 08/12/2010 11:21

Surprised they didn't have some kind of lock-in period. Says more about their expectations of TW if they are bailing already.

[marab] 08/12/2010 10:58

Last Updated 20 May 2014

LATEST NEWS
13 May 2014
The company announced the resignations of Mr James Fyfe and Mr George Cardona as directors of the company. Mr Julien McInally will assume the temporary role of Executive Chairman.

It also announced that domestic sales in the first four months of the year have already reached 68% of the total sales achieved in 2013.
RNS

THE USUAL ADVFN GRAPHS ETC WILL APPEAR HERE


DISCLAIMER
The information in this header is for discussion purposes only and expresses my personal view of Strategic Minerals. I am currently a holder of shares in the company.

COBRE 1 STOCKPILE



Each cone shaped heap contains 300 tonnes
Photograph courtesy of thehog

THE CASE FOR INVESTMENT

Strategic Minerals has the rights to process and sell approximately 1m tonnes of 61.7 % Fe Magnetite at the old Cobre mine in New Mexico. The current agreement allows the removal of 11,000 tonnes per month which gives a production life of over 9 years.

Overpaid inefficient management, which presided over poor achievements and a collapse of the share price, has recently been replaced by new directors associated through the direct involvement of Strategic Minerals biggest single shareholder Mr James Chisholm (4.34%).

A recent placing of 125m shares was carried out to raise £1m at 0.8p and in addition 45m shares were issued to Glencore International. My guess is that the 45m shares represent a payment to exit the export agreement between them and Strategic Minerals but I have no evidence to confirm that. There has been a large seller in the market for some weeks, perhaps Glencore, which has depressed the share price further.

I believe that the new directors are more than capable of turning the company around and have already started to do so by cutting overheads, exiting the unprofitable export agreement with Glencore and concentrating on raising the volume of the very profitable domestic sales (gross profit margin was 48.6% in 2013 at $33.5 per tonne). I also expect them to locate and bring into production low cost profitable stockpile projects as set out in their new Corporate Strategy. The current low share price offers a promising investment scenario, and the change in management allows Strategic Minerals the opportunity to achieve its full potential.
Click here for more detailed information (LINK TO POST 2)

THE BUSINESS

The company currently has two distinct areas of business, Commercialisation of Stockpiles (as fully operational at Cobre 1) and Exploration of Potential Iron Ore Resources based on their wholly owned Iron Glen and Jotanooka tenements in Australia which are prospective for magnetite and other minerals including silver.



Commercialisation of Stockpiles has the advantage that the source material is clearly located and readily accessable either at surface or near surface. In contrast Exploration tends to be an expensive strategy with uncertain results.

My personal opinion is that Exploration will be a non-core interest for Strategic Minerals in the future, and while the new directors will aim to fully realise the value of the Australian assets they will be sold on to mining interests at a suitable point


COMMERCIALISATION OF STOCKPILES

In my personal opinion I expect Strategic Minerals to concentrate on locating stockpiles of waste materials of any mineral type that can be quickly and profitably processed. While the company currently only has the Cobre Stockpile I believe that the new management have the contacts and experience to add significant value through new Stockpile opportunities which are actively being assessed.
Click here for more detailed information (LINK TO POST 6)

WHAT IS MAGNETITE?
Magnetite is a naturally occurring oxide of iron, and is one of the main source of iron ore after hematite.
Other than steel production other uses of magnetite include coal washing, water filtration and the production of heavy concrete.
Magnetite is produced from both stand alone iron ore mines or as a by product of mining other minerals. It is often associated with copper and gold rich ores, and liberated magnetite can be found in existing tailings storage facilities such as the Cobre project in New Mexico
It is the most magnetic naturally occurring mineral on Earth and was once used in compasses.


Click here for more detailed information on Magnetite (LINK TO POST 4)
Click here for the uses of Magnetite (LINK TO POST 5)

EXPLORATION OF POTENTIAL IRON ORE RESOURCES

The company has various exploration projects in Australia and more information can be found on the company's website. There may well be some potential for selling these projects but I do not think that Strategic Minerals will mine these projects themselves due to the capital costs involved.


THE DIRECTORS

The new directors Mr Julien McInally and Mr Lyle Hobbs were introduced to the company through their association with Mr James Chisholm who provided the focus for the recent director changes. They have a good track record and have already initiated radical steps to improve the financial viability of Strategic Minerals. A new non-exec Chairman will be appointed in due course.

Mr Julien McInally has executive responsibility for the Strategic Minerals interests in Australia and currently acts as Executive Chairman. Mr Lyle Hobbs is based in Utah, USA, and has executive responsibility for the Company's interests and operations in the North America
Click here for more detailed information (LINK TO POST 3)

USEFUL LINKS





FLAGCOUNTER
Count restarted 30.12.12

[marab] 08/12/2010 10:54

Working on the current share numbers, a 10p rise in Ascot will add 0.1388p per Athol share. When Ascot reaches AIM (hopefully end of spring 2011) there should be a lot more interest and hopefully buying. A £1 a share isn't an unbelievable target with production planned to reach 1,200oz per month in the first quarter of next year and that alone would move us up to NAV of 1.413p. Andrew Bell's (RRR, RGM) involvement and investment in Ascot is encouraging too. That makes no allowance for any improvement on the other £750,000 of the portfolio.