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.

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.)

Interesting article picked up from reading another bb.
http://news.goldseek.com/KennethGerbino/1201905487.php
cyril

Alas a tragic reason for todays drop in the SP.
http://www.investegate.co.uk/Article.aspx?id=200802121352328359N
cyril

The other side of the incident is that when it all starts up again, that they could give information on how it's going overall to establish confidence that all is ok and progressing well (with some numbers to back it up)

I would normally see this as a buying opertunity, however Uncle Ted's in no mood to be buying equities at the moment...

Know what you mean... I've just seen the NPE release... another duffer!

Back in today, prior to accident everything on track, cant ignore the rate of production and impressed in the way this company appears to be managed (delays always expected with miners), This is a long term hold for me, only really interested in where they will be in say 3 years time, in the event of profits i shall use a trailing stop as (after all)they are operating in Kazakstan!