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.

in this case i agree with cynic...you have an optomistic veiw if dates and milestones are put in place by companies......we will no doubt see what happens next

watcher

HMB have a history of being late, something to do with the country they operate
in i believe.With Christmas trading along with lateness, could present a buying
opportunity?
cyril

Mining companies are notoriously late no matter where their territory is. Hambledon have made big strides and is just about to become a producer with a revenue stream (and not really late in my book). Now\'s the time not to be throwing in the towel in my opinion. Seriously considering another stake here now.

did not say "throw in the towel" ...... i merely made an observation about keeping to dates etc ...... if they cannot do that, then they should at least preface with a caveat

Not to say there won't be an annoucement this week or before year end yet.

Good to see production has started at Sekisovkoye - all running to plan and I'm pretty impressed with management's achievements on this one to date.

even if market just shrugs its shoulders

Yep, looks good.... don't think the sp will shoot up quickly but will steadily rise over the coming yrs/months as production, revenue and cash flows increase.

Excellent news this am, 1st gold pour on 26th,the market who recently subscribed at 17.75p has reacted in a positive way considering its XMas and the news was
expected, so no surprise.I particularly like CEO Nigel Bridgen's statement of
producing from 2 sites and the potential to significantly increase production over the next few years? Also equity fully funded and look forward to strong cash flow,
NB owns over 21% of the company, As one analyst put it these prices are small potatoes against the long term value.
cyril

I don't beeelieeeeve it ! it's going down ? time to top up or what ?

skyhigh, Patience its the time of year,peeps requiring money for Xmas Dec S/Bets
closing,the mm's know this and will take advantage. Now we have 1st gold shortly,
expected to rise above $1000ounce and possible 40000ounce's so somewhere near to
20m in revenue for 2008 and thats for starters. Its why one analysts called
these values "small potatoes" once again patience,your decision whether you top up or not.
cyril

charts are of fairly limited value on these minnows, but would not be in a hurry to buy ..... perhaps do so when sp hits 200 dma, which should give support

http://www.resourceinvestor.com/pebble.asp?relid=38895
cyril

read it, but not frightfully relevant .... of course few are selling gold for scrap; very short odds against bullion prices resuming their upward track

Any gold taken out of the equation will have some effect,and we're talking 40tons almost 1m ounces.And of course the smelting of scrap is a whole lot cheaper than mining the ore, and i don't think such an article would have been written if it
was of little relevence? As far as the price of gold rising, an article on a competition of the top analysts on the LME for 2008,stated the most sucessful of them over the last 5 years or so, forecast the price at over $1100ounce.
cyril

$1100 by when?

The comp was for 2008, so sometime during the year? I'm sure the article was from Moneyam, i'll see if i can find it.
cyril

don't worry, but i really do think someone has been smoking whacky-baccy if they think $1100 is truly realistic in the next 12 months

http://www.moneyweek.com/file/39747/why-gold-could-hit-1100-an-ounce-this-year.html
www.moneyweek.com
Should be able to access either.
cyril

Interesting read all the same. Think I mentioned some time back that I wouldn't be surprised by a gold fall back to $775. In fact it could be quite useful to consolidate and maintain the strong upward trend. I still expect the rise to continue for a few years yet.