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.

i hold, but think CEY may be a better bet (see FTSE thread re this company)

Still on forward PE <5 so IMO now a producer this could double from here but maybe >6months.

would still go for CEY and i hold both ..... see this week's Shares Mag for added firepower

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3136550.ece

cynic you refer to CEY as a dinky gold producer,i thought the mine was due to start up later this year?
I hold both and feel that long term CEY will outperform HMB but short term and in the present environment the later will do best due to production. Once revenues and cost are known the true value of this share will be realized.
cyril

i actually hold both too ..... it's just that i think CEY has much larger proven reserves ... please feel free to correct me, but yes i think you are right, that CEY won't be in (full?) production until late 2008

I'll be pleasently surprised if CEY hit their time objectives, miners rarely meet them
(HMB being a good example)for that reason maybe 2009? In these troubled times (dow dropping like a stone) cash is king(revenue), it is for that reason alone why short to medium HMB imo will outperform CEY. Long term the 11m ounces reserves and increasing of CEY will undoubtably tell.
cyril

Gold is rocketing, that's for sure, the big problem is : if the market goes pear shaped it drags gold stocks down as well, just look at UGY (gold price rocketing-drops like a stone), though coming back now.

It just depends what your outlook is for Au long term!

If you are bullish, the peaks and troughs are simply ripples on the surface of the pond IMO.

Recommendation from Share Centre Investment Advice .

HMB
Small mining co's face a number of risks, delays, costs, geological and political,but
for investors looking for a small mining co. on the cusp of delivering profits this
could be a golden opportunity...
cyril

Seymour Pierce analyst on Bloomberg TV now RE HMB

Turning into a revenue generating company and one of their recommendations.

market is obviously hanging on his every word .... or at least those who have not hanged themselves already

I would say that with production now taking place and quite a premium on gold which is not factored in, the price is underpinned.

http://www.investegate.co.uk/Article.aspx?id=200801240700514175M
cyril

Nicely encouraging. These types of problems are to be expected but prefer to hear that they have been resolved.

http://www.ft.com/cms/s/0/d5cacc02-cb23-11dc-97ff-000077b07658.html
Also of interest is the reference to a possible further rate cut in the USA,which
of course will keep the market happy.
cyril

i disagree ..... see my comment on FTSE thread

Another rate cut now would be translated as : panicking and would probably have the opposite effect on the market.

Dont agree the .75% cut was to bring the FED up to the curve , the next cut will be to get them in front of the curve.

I would say 25bp would smack the hardest against this week's cut. Another 75bp in light of ShockGen is unlikely. Half and nothing get equal odds for me. Market still expecting a half. Sub prime hasn't gone away and the rises we've seen this week can all be gone next week (or later even.)