Up 4% this morning following IC recommendations. Wide spread I think, but the IC article says Hambledon are working on a Russian exploration in Sekisovskoye, which it recently acquired.

Seymour Pierce analyst apparently have a price target of 9.2, but depending on outcome of Russian exploration this could go a good deal higher.

Interesting, but DYOR please.

if we are on countdown to the gold bar day of the 16th december i am sure the s.p. will move up over next two weeks..which will help short term of course

watcher

http://www.investegate.co.uk/Article.aspx?id=200711300700548247I

Hambledon Mining PLC
30 November 2007


HAMBLEDON MINING PLC

Production commences at Ognevka


Hambledon Mining plc ('Hambledon' or the 'Group' or the 'Company'), the AIM-listed gold mining and processing company operating in Kazakhstan, is pleased to announce that production has started at its Ognevka treatment plant.

After a period of commissioning, the plant was started on 26th November 2007 and, following the resolution of some minor faults, full time treatment of clinker commenced on 29th November 2007. The Ognevka processing plant is designed to produce concentrates containing gold, silver, copper, iron and coke from the re-treatment of zinc smelter residues.

First indications are that the plant is operating as planned. The processing facility is configured to treat up to 350,000 tonnes per year of copper, gold and silver-containing residues (sinter slag or 'clinker') from the zinc smelters. The initially targeted rate of production will be 240,000 tonnes per year while the optimum operating parameters are assessed.

Initial production will involve the re-treatment of 150,000 tonnes of high grade tailings of previously treated clinker. Thereafter, clinker will be procured from other companies that have large stockpiles, for which they currently pay environmental penalties.

At the expected metallurgical recoveries and currently available prices, the revenue from each tonne of clinker treated, including by-products, is expected to be over $75. Toll-treatment options are being investigated which are likely to improve this figure to around $125 per tonne, though, the increase would be partly offset by the toll treatment charge.

The flexibility of the plant also allows for the treatment of various other feedstocks, including feldspar tailings (recovery of saleable feldspar, lithium and tantalum concentrates), pegmatite ores (tantalum, tin, mica and feldspar concentrates) or other slag via gravity, magnetic separation or flotation methodologies.


Nick Bridgen, Chief Executive, commented:

'The plant and related infrastructure at Ognevka have been stripped down and refurbished from top to bottom in just five months: a very creditable achievement by the entirely local management.

'Hambledon is now entering a new era of production and profitability which will be enhanced when the Sekisovskoye gold mine commences production next month.'

onwards and upwards !
Glad I topped up a couple of times over the past few weeks!

should see a gradual rise towards 64p+ over the coming months ! (imho) and 64p was a target I saw some months ago...might see higher targets now... (imho)

A very nice surprise.
cyril

Now we're off and rolling, excellent news.

A chance to get in below 20p,with first production next month(hopefully the 16th)
it won't be at this price much longer?
cyril

I quite agree, great opportunity here and I hope to hold for the medium term as we watch this company grow in stature.

Some afternoon interest reappearing now...

'bout time as well.... been very disappointing so far!

The company is building its reputation and the market will not start to attribute value (and let's face it, it is a difficult market) until the money is being banked. unfortunately we have to be patient - and I find that hard too!

sp hasn't really changes since 08:30 or thereabouts today! Never mind, it'll shift one of these days.

Starting to edge back in the right direction, hopefully we continue to the highs now.

I reckon once it pops its head through 20p bid price we should be well on the way.

I suppose that a lot of the latest news is priced into the SP. They require a
Hazardious Material Lincence, hopefully this along with the pouring of the first
Gold will tie in with Indepenence Day the 16th Dec.
This might help some but it will in my experiance take time before we see any
real movement,check out MCR who recently started producing and KMR which took
quite a time after production start up before any effect on the SP.
It will be news of revenue which will be the real mover of the SP?
imho
cyril

we are getting close to the 16th and it will be interesting if the buying increases and of course the s.p. reacts accordingly
watcher

we are getting close to the 16th and it will be interesting if the buying increases and of course the s.p. reacts accordingly
watcher

Today is "Indepenence Day" and the first "Billet of Gold" should have been poured.
If this was achieved then we should get an RNS tomorrow, which will not only
derisk HMB it will mean they have all necessary licences in place?
cyril

Well no RNS today,was expected so could be a few hitches?
cyril

never a good sign ..... small companies in particular need to keep to their dates and promises if their credibility is not to be damaged

there always is...nothing goes through smoothly...up 'til now it would have seemed too good for this to go to plan and then the sp to instantly be a 4/5 bagger ! and all b4 xmas as well!...but...you never know! we could get something later today/tomorrow morning... keep the faith!