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 fact i think i will put my money where my mouth is tomorrow, despite the horrid looking chart - the RSI is ridiculously oversold...

I too think this is a good buy and am considering topping up. We are now producing and profits will start to crystallise. These minnow miners take time but I'm not writing it off.

gold has went up more than 50$ in last week and this still falls...hmmm....and its producing gold now too at this high price

Big producers will go up first with institutional backing, the minnows/exploration co's follow later... haven't topped up yet, might see if 8p is on the horizon, but i think if this comes back to popularity it could climb 3/4p easily - thats 30/40% from this level...

There has to be a reason for the sp decline, can we expect bad news?

I would have thought more to do with continuing the slide after the recent placing and general market sentiment, but hey ho, i admit its not looking good, although that is usually the time to be buying...

try TAN then lol!

Has been crossing my mind Rich...!

gold up to 942$ now so why does this keep going down....it makes no sense esp as its a producer now

Likewise, gotta be honest but now seriously beginning to doubt the `broker/advisor' who told me last week that this company will announce some seriously good news this week, that ought to raise the sp significantly..... looks highly unlikely to me at this point in time.

most brokers / advisors are garbage or else they wouldnt need to do the job.....remember all the brokers that tipped marconi!!! i saw one on business after it plunged to a quid and the broker told people to hold as they would would bounce up......that was gerrards i think....they r woeful.

Fair point

Is Hambledon really producing gold? The pics presented on their website looks like this is a very tiny operation, and the smelters and processing equipment more suited to a garage home industry.The annual report is due out, supposedly on Friday 4/07/2008.The share price trend before results or an anouncement, is usually a fair guide of what kind of news you can expect.

yes it is......i think market wants evidence of consistent producing 1st.

nick bridgen is also mystified by very low price in recent days from my informed source.

Bought back into HMB

bloody ridiculous, i'm getting hammered here, still haven't topped up, but will be looking at 6p soon, should have sold out ages ago... CEY similar story

hold on ted..i agree its ridiculous but its way gold companies r being treated at present on high gold prices too..as hmb will give figs on gold production at some point.....also gold is tipped to rocket soon over next year or so. whatever u bought in at, this will go past previous highs.....look at this in 2 years time

6p next port of call; the trend is your friend. The problem as I see it is costs increase and the fear with these small caps is they have to come back again cap in hand for more cash. Still with a loss, I'm only grateful to have sold out last week. But I still like the fundamentals, ie they will be profitable but the timetable (as often with mining co's) has slipped and in this economic climate there is often no rhyme or reason to irrational selling. I'm now holidng almost 80% cash in my portfolio (including large caps), the bear market will continue through summer and who knows what in October - that's my opinion anyway.

yes agree.....see ftse hitting 4500.....dont know when though, 6 months or so and then markets bouncing back perhaps as sp of co are usually for a year in advance when by end of 2009 things will be turning corner roughly.....also us election will give markets a lift as they usually do when us election

PRODUCTION UPDATE

Hambledon, the AIM quoted gold mining company operating in Kazakhstan, is pleased to report further progress on gold production at its Sekisovskoye operation.

2,247 ounces of gold and 3,418 ounces of silver were poured during the month of July 2008. This compares with June 2008 when 1,102 ounces of gold and 1,608 ounces of silver were poured. Further improvements are being implemented which will help to increase the throughput and metallurgical recovery over the coming three months. The Company remains confident that it will shortly thereafter meet its target monthly rate of open-pit production of 3,333 ounces of gold (40,000 ounces of gold on an annualised basis).

It is expected that by the end of the year orders will be placed for the equipment required to start underground mining, and all applications for the necessary approvals will be submitted, thereby providing shareholders with an increasing production profile in both the short and medium term.

The Company will in future be providing production updates at the end of each quarter, commencing with the three month period ending 30 September 2008.

The directors of Hambledon know of no reason for the recent weakness of the Company's share price.

Surprise so little movement in the SP, probably down to the revenue being used to
fund the deep mine? Looks like an excellent long term investment at this price,maybe 18 months or so?
aimho
cyril