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.

Looking for 8p here and then i will be out. Surely now with the price of Gold and the stronger production facilities this should continue to show support and rise further....?

duncs; your last sentence saya it for me and i believe this is just the start of the re-rating? Still each to is own and a profit is always welcome.
cyril

Nice tick up to add to yesterdays rise.
cyril

And again today.

niceonecyril - 04 Aug 2009 09:39 - 309 of 318
At this price has to be a bargain,producing gold and with the new excavator due this month a ramp up in output. Gold is rising, couple increased output(reducing costs and improving margins)along with $950+ makes it a strong buy, aimho.
cyril
Balerboy - 04 Aug 2009 10:11 - 310 of 318
Are you sure it's not you ramping up..cyril lol

Nice call i'd say, over 50% in 5 weeks.
cyril

Come on cyril, no abuse in public please........

Couldn't resist it.lol Hope you took heed?
If last years results are anything to go by,we could get the interims next week?
It would be a chance to see how production is coming along and if positive a serious re-rating would take place imho?
cyril

It would appear that interim results are out tomorrow,with update on latest production performence. With a 3rd excavator now up and running, which should lead to both increased volume and also higher yeilds. If this turns out to be the case then a nice tick up should follow taking into account the rise in POG?
cyril

A disappointing RNS. Here are the
Highlights:

Interim loss reduced to 1.3m (loss 6 months to 30 June 2008: 3.4m, loss for year to 31 December 2008: 7.6m).
Positive operating cash flow of 0.42m (outflow 6 months to 30 June 2008: 3m, outflow for year to 31 December 2008: 3.9m).
Gold production from Sekisovskoye was 9,413 ounces.
Second quarter gold production 86% higher than first quarter.
Overall production trend continues towards initial design rate.
20% processing capacity increase achieved.
Spares inventory substantially improved.
Capital expenditure amounted to 0.86m.
cyril

Seems the market likes it? On closer reading not quite as bad as 1st reading's.
cyril

Thats me out,will buy back in if it falls,i am learning fast to take profits.

have also taken the profits and bolted for the time being.

got this one wrong capetown.....why sell on chart rising

Over 10 million shares sold on Friday
when the market closed, coupled with an up-day.
Production is expected to continue increasing whilst
the price of gold moves upward. I think this is one
to watch.

Business Financial Newswire
"Kazakhstan explorer, Hambledon Mining says that extremely cold ( -45C) weather conditions has impacted on production during December and is continuing to impact on production in January.

An engine failure on one of the two Hitachi excavators in October put the machine out of operation for seven weeks resulting in lower mining rates than planned and requiring low grade stockpiled ore to be blended with the higher grade ore mined during the quarter. This resulted in the overall grade of ore being processed being 1.05 g/t instead of the 1.27 g/t planned.

On the plus side, approval for the first phase of the underground development was received in late December. A contract with a local underground contractor was signed at the end of December to commence work on the development of the underground project. This work is expected to commence in mid January.

Hambledon reports that the new mobile crushing facility is expected to be commissioned in early February and that negotiations for a renewal of the Alpha Bank stand-by loan facility of $2m. have been concluded and agreed. "

Is posting the graph supposed to make us feel worse than we already do ? It worked.........thanks

cold light of reality perhaps?
this company has been a dog since mid 2008, so why on earth anyone would have (much less) money sitting here is incomprehensible

Of course, if you had bought at 3p you would have doubled your money! (no I didn't, just in case you ask!)

only the now-banished (cauldron-boiled?) coven would have said it did!