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.

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!

Interims next Tuesday(21st),perhaps worth a punt with rhe pog?
cyril

Hambledon Mining Plc
(Hambledon or the Company)(Hambledon or the Company)
8 February 2011 8 February 2011

Expansion of Planned Output from Underground Mine

Hambledon announces that as part of a continuing strategic review of the Sekisovskoye operations the planned underground output will be increased.

The underground mine is currently being constructed by an experienced mining contractor and the first ore is due to be extracted from the underground mine in December 2011.

The underground output from Sekisovskoye was initially planned to be 500,000tpa. Following work undertaken by consultants, the extraction rate is to be increased to a target of 850,000tpa over a phased five year period. The achievement of this will be by a reconfiguration of the mine layout and the use of additional miners and machinery. The extraction rate will mean that gold production from the underground mine alone is targeted to incrementally reach 65,000 oz in 2014, rising to 110,000 oz in 2016.

CEO Tim Daffern stated:

The modified development plan of the Sekisovskoye underground mine provides the next step in expanding Hambledons long term gold production. The increased extraction rate will improve our gold production and cash generation, thereby underpinning the Companys objective of growth in Kazakhstan.

ENQUIRIES:

HAMBLEDON MINING:

Telephone +44 (0)207 233 1462

The directors of Hambledon Mining (AIM: HMB) and Forte Energy (AIM / ASX: FTE) will be presenting: Thursday the 7th July 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/117

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com.

www.iii.co.uk/tv/episode/gold-miners-offer-investment-success

Had to copy omto google to access,worthwhile read regarding gold stock,with HMB being high octane.

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company is crap

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burnt my fingers in this pile of shit a few years back

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nah .... long forgotten until i saw some muppet writing the company up the other day ...... nor am i one of those who wrings his hands for selling too early

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What is the point of removing posts before anyone has read them?