Heemskirk..HSK. Make my Day... With HSK.

[davidrob]

Heemskirk.....HSK.

Make my Day ...... With HSK

This Global Boutique Mine Manger (Market Cap only 89 m) -- is arguably one of the most undervalued "under the radar"--Very Safe & Secure Investments-- and investment plays --imo--on the ASX--currently. .

And, imo, (HSK) will be north of $2.00 within 1- 2 months from today.

For HSK the numbers tell the story: -- Earnings Massive, earnings Growth year on year on year massive, ROE massive, and very very low PE/PEG ratios...

HSK is Highly Cash Positive and almost no Debt on Balance Sheet.

Will post more shortly--but imo the current Price for HSK-- is a total Bargain.

Some recent background material I pulled down from Aspect Huntleys on Heemskirk (HSK) ...is; as follows:

Heemskirk. (HSK)


Heemskirk Consolidated Limited (HSK) is a global mining house with the primary objectives of generating cash flow, profits, sustained dividend flow and capital growth by direct participation in and investment within the resources industry.

Structure:
HSK has the attributes of a mining company, resources investor, mining financier and explorer. HSK participates directly in projects, operations and mining regions to generate cash flow. HSK takes direct equity stakes in listed and unlisted companies for both capital growth and strategic purposes. HSK creates flexible financing structures in order to participate in a wide range of resource opportunities such as production, revenue sharing, and potential royalties. HSK has both direct and indirect potential exposure to exploration around the world.

Investment Approach:
HSK invests in a diversified portfolio of resources stocks, in different stages of the resource cycle, with exposure to a spread of commodities, projects and countries. HSK operates an integrated business unit approach. Business units include new start capital, early corporate exposure, catalyst capital and strategic investments. Strategic investments are long-term positions taken either directly or indirectly in projects or companies which deliver cash flow on a sustained basis. The early corporate exposure unit invests in capital raisings and on-market undervalued resource opportunities. The catalyst capital unit creates flexible financial structures to assist resources companies in development, expansion or working capital requirements. The new start capital unit takes seed capital positions in appropriate resource ventures from time to time.

Kindest Regards,

Robbo

[tommy]

Good thread again ROBBO you are da man :D

Have been on my watchlist but I haven't bought because I thought it wasn't all that cheap (PE: 38?!) Was waiting for the price to drop but err, hasn't happened yet [xx(]

That said, company is led by chairman Bruce Kay (formerly of Newmont Mining) has been becoming a mining house increasingly rather than a mere investment company which is an interesting development.

[davidrob]

HSK--Heemskirk--

Clue here is the PEG--only .01....

Can see this (HSK) as a $350 million dollar market cap in 18 mths Tommy ...

More detail soon I promise...and there is.... HEAPS!!

And earnings (EPSG) growth is in excess of 1000%--yes 1000%--as is ROE Growth--

I will refrain from putting HSK on H/Copper-- for another day--as I often get emails--along ze lines of....--wish had have got the chance to get on board xyz share you spoke about .....earlier Robbo.....

So will keep it exclusive for S/Trader for another 24 hours!!

imo--this will three (3) bag in 8-9 months or less.

Regards,

robbo:)

[ONTHENOSE]

Hi guys,

Any thoughts on what the Trading Halt is about????


Mike

[tommy]

quote:Originally posted by ONTHENOSE

Hi guys,

Any thoughts on what the Trading Halt is about????


Mike


No idea... but wild guess would be an acquisition/merger??

[ONTHENOSE]

Hi guys,

Good announcement today... Market seems to be happy with it.. [8D]

Thanks bringing this stock to our attention here at ST once again Robbo.... ;)

Regards

Mike

[davidrob]

Heemskirk (HSK)

Always my pleasure Mike.

Kind Regards,

Robbo:)

[ONTHENOSE]

Hi guys,

Could someone please explain todays announcement.??

Why is there a "Prospectus for Unsecured Convertible Notes" for 1000 notes @ $3....

Dont quite understand the theory behind it.

Thanks
Guys

[NoVice]

Assuming the world doesn't collapse next week I'm looking at buying into this company.

126.5m shares market cap A$60m Current price 45.5 They're halfway through a SPP of 35.6m shares @ 0.47 to raise A$16.75m. 1st tranche of 16m shares placed in October Top 3 s/h = 48% Top 20 s/h = 66%
Not sure of the current cash on hand position

3 x operations

1.) 40% in Pajingo Gold Mine in Queensland with NQM Produced 13,540 oz @ A$705 / oz cost for Q3 2009

2.) Silica deposit in Canada - in production 100% HSK owned

3.) 100% Los Santos Tungsten mine in Spain. Currently producing @ approx 500-600tonnes p.a. but undergoing an upgrade to 1,000tonnes by Q2 2010.
Current Tungsten prices are US$21,000/tonne. Reserves are 7,800tonnes with another 1,800tonnes at a lower grade = 9 year mine life. I cannot find anything in their accounts which indicates their cost of producing the Tungsten ( Shasta??)

As per the link above their Los Santos mine is worth their current cap. They seem to have everything in production with upgrades underway.

I wouldn't mind any input others may have

[NoVice]

I thought I'd put in an link to an article by Barry Fitzgerald of the SMH on 10/10/09 - but it didn't work. I don't know why it showed it in my "reply to thread' thingy

Anyhow here it is.


WESTERN world tungsten consumers are increasingly concerned about China's grip on the global market, prompting them to seek out direct ownership of non-Chinese mines producing the steel-hardening metal.

The search for non-Chinese supplies has led the consumers to Australian-based Heemskirk, one of a handful of non-Chinese miners of tungsten from its Los Santos project in Spain.

Heemskirk revealed yesterday it had received a ''number of corporate approaches'' on Los Santos, the fifth-biggest non-Chinese tungsten mine in the world and the only significant such development in the last 10 years.

Heemskirk would not elaborate but analysts speculated that any number of European tungsten consumers (makers of machine and drilling tools, industrial high-temperature metals, lights and mobile phones) could be looking to acquire a direct stake in the mine to ensure supply.

Los Santos would be worth $50 million to $60 million in a trade deal, although the expectation is that Heemskirk would probably only want to let go of 25 per cent of what is its main operating asset.

A similar-sized tungsten mine, the Panasqueira mine in Portugal, was acquired by the Japanese trading house Sojitz last year for a price believed to have been $US50 million.

Then last year the Swedish mining and construction tool maker Sandvik bought the Mittersill tungsten mine in Austria, also to secure non-Chinese supplies.

China controls about 75 per cent of the world's production of tungsten and, as with the rare earths industry, it strives to ensure the long-term needs of its industrial base are satisfied.

Because of a lack of new mine developments, production of tungsten has been falling by 5 per cent annually since 2004. But demand has been growing at 3 to 6 per cent, China accounting for virtually all the growth.

Heemskirk also owns 40 per cent of the Pajingo goldmine in north Queensland. The group's equity share of Pajingo output is about 25,000 ounces annually. It also owns a business in Canada that supplies drilling muds to the oil industry.

The value of the group's assets is not fully reflected in its share price. At yesterday's close of 52c a share - up 2c - the company's market capitalisation was $57 million.