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.

a rise of 0.75p with a dealing spread of 0.50p does not exactly imbue at least this investor with bonhomie and goodwill to all men ... or women for that matter!

Understand, but the spread usually closes to 0.25p. In any case, (provided this little episode ends positively), will be holding for the medium/long term...

Are they back in production after the unfortunate accident at the processing plant?

I see the movement as possibly significant,in keeping with other aim stocks of late,
their SP has dropped well out if proportion to the underlying value. But gives a
chance to buy at these base rates. aimo
cyril

Having read their last RNS dated 19/02/07 production may not re-start before April, assuming a new boiler is in place and the authorities are acquiescent. However shareholders do need some reassurance that the people operating the plant are sufficiently experienced to avoid further accidents and loss of production.

Good to see a rise here. Perhaps there's a whiff of an update before too long. However, not wishing to negate the seriousness of the tragic accident for the family involved, operationally we will be back up and running before too long and the cause of the accident will be identified. Then we can expect to see earnings updates and gold could well be over USD 1000 by then.

Greyhound thats how i read it, mining accidents do happen,and is tragic, especially for the families.However things go on,and this is a poor country which has much need for the revenues such projects bring,so i would be most surprised if their was any undue delay from the authorities. Possibly the most likely reason if their is a long delay, would be the issue of a new boiler?
cyril

I have sent them a couple of kettles, thought it might help... lol
All those late reported sells must prove the share price dropped because of order, the fact it moved up on relatively small buying volume surely means the seller has cleared off now...

Seems that the new boiler will arrive from China on the 21st, so all being well it
could be up adnd running sometime April?
cyril

http://www.investegate.co.uk/Article.aspx?id=200803100702276977P
Some good news for holders.
cyril

hope so!
we'll see how much it's cost and if they need to raise more finance.

Skyhigh i believe that HMB are debt free and the loan facility is only a
precaution?
Here's a report that might bring a bit of cheer, gold $3000+/ounce.
http://www.financialsense.com/fsn/main.html
You need to goto 1st March and its Gold Roundtable.
cyril

No fines were imposed on the Company.

That was the bit i was waiting for... onwards and upwards.

http://www.resourceinvestor.com/pebble.asp?relid=41459
cyril

http://www.iii.co.uk/investment/detail?code=cotn%3AHMB.L&display=discussion&action&id=3972727

For me this will drive the SP northwards to the levels proir to the explosion.
aimo
cyril

bought some more this morning to add to my previous buys... this low sp was too tempting to ignore!

Skyhigh i must agree with you, sorely tempted to increase my holdings. I feel its
just a matter of a few weeks before news of restart of production following the
accident,which will trigger improvement in the SP?
cyril

http://www.investegate.co.uk/Article.aspx?id=200804230700488967S
We're off again.
cyril

SP might take a hit to start with but then should strengthen as we run up to the much anticipated "first sales" RNS ? and beyond !

good news at last, hopefully, we should see a slow gradual rise in the sp. production/revenue projections should be in the next results rns due soon... :)

HAMBLEDON MINING PLC
(AIM: HMB)

Sekisovskoye Fully Operational

Hambledon Mining plc ('Hambledon' or the 'Group' or the 'Company'), the
AIM-listed gold mining and processing company operating in Kazakhstan, is
pleased to report that Sekisovskoye is now producing gold.

Since the resumption of operations last week, 26.7 kilogrammes of dore have been
poured at Sekisovskoye. Following assaying, the dore, together with about 6
kilogrammes that had been poured previously, will be shipped to Almaty and from
there to Europe for refining and sale.

Following an inspection of the mine and process plant by a government committee
comprised of the various environmental, safety, design and other departments
involved, official approval of completion has been granted. This means that the
formal commissioning period is now over and regular production has commenced.


Nick Bridgen, Chief Executive of Hambledon, said:

'I would like to thank the team at Sekisovskoye for having done a magnificent
job in getting the plant back up and running and approved by the authorities.'

1 May 2008