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.

Agree as soon as they start pouring gold. Sounds as though their profit margins will have to be revised upwards.

From the Seymour 17th Sept 07 update :

"Nearly there

Hambledon Mining has released its interim results for the six months to
June. These figures cover the period before the start of production and
are unrepresentative of the potential for the group following the projected
start-up of both the Sekisovskoye and Ognevka operations in Kazakhstan.

For the record, the company reported a pre-tax loss of just under 1.0m,
which included the write-off of 0.2m of exploration costs at the Tserkovka
property. This followed the receipt of drilling results that were
disappointing, albeit that further deep holes are planned in the second half
to determine the veracity of the geological model. Additional exploration is
planned on the companys other landholdings from the start of 2008.

The company has been making progress at the Ognevka project more
quickly than we had anticipated particularly following the delay in the
transfer of the licence, which was not completed until May. Admittedly, the
plant had been well looked after while it was under care and maintenance
so it now appears that it should be in a position to recommence
operations in October perhaps a month or two ahead of schedule.

The Sekisovskoye plant start-up has been delayed by the knock-on
effects of the late delivery of the ball mills from the Russian suppliers. In
particular, the lack of technically qualified staff means that the contractors
slipped behind with the wiring and pipe-work necessary to complete the
plant. Nevertheless, it has enabled part-commissioning, which should
reduce the risk of start-up problems.

While the delays at Sekisovskoye are disappointing, the group appears
close to cash generation at Ognevka. Furthermore, with scope for a quick
start-up at Sekisovskoye, when the plant is completed, the company
should start generating cash relatively soon thereafter. We also anticipate
newsflow on the underground mine plan at Sekisovskoye and the
metallurgical testwork on the tailings at Ognevka before year-end.

We believe that there is considerable scope for advance at Hambledon
over the next three months. To take advantage of this we believe that now
must be the right time to buy the companys shares. Buy."


http://www.capmarkets.com/ViewFile.asp?ID1=76303&ID2=172929621&ssid=1&directory=11013&bm=0&filename=17_September_-_Hambledon_Mining.pdf

topped up this morning with my GTL proceeds, having lost 50% with GTL I'm hoping to recoup it with HMB over the few months!

Gold price touted to $800, some even quote $20 in the coming turbulent years. This is a great opportunity not to be missed. Looking at GFM as well, seems to have been forgotten lately.

HMB moving nicely today.

i watched a gold chartist on tv and he said put a "1" in front of gold price now in say 5 years time

For those that wish to know :

L2 1 v 2 @19.25/19.5 (SEYP and KBC on the offer).


One Line Limits are :

BUY 1K @ 19.5p (yes just 1K at full offer price)

SELL 250K @ 19.35p

SP up, 21p and almost 3million shares traded so far today.
cyril

Stonkingly good day :-), cleared my NRK loss, keeping the faith with gold these days.

Some heavy buying, which would tend to suggest institutional interest. A firm hold for the coming 6 months and we should be looking at at least 50% gains from here, imv.

Shake over.

L2 now 2 v 4 @20.25/21

On Line Limits are :


BUY 10K @ 20.96p

SELL 50K @ 20.58p

I've been topping up here for the medium term.

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_3/16_May_-_Hambledon_Mining.pdf

16th May 2007 at @14.5p (and so implied trading price of 43.5p)

"................Against the US$138/oz of resource and US$5,778/oz of annual production paid by Kazakhmys for Eurasia Gold we estimate that Hambledon is
currently on values US$34/oz and US$1,677/oz, respectively. While
Eurasias rating reflected its restricted free float we believe that
Hambledon should be trading at least at 3 times its current level. BUY........."

papal, thanks for broker update.

Write up on TMF from the 20th Sept :

http://www.fool.co.uk/news/investing/company-comment/2007/09/20/bitten-by-the-mining-bug.aspx


.

just catching up with the s.p. so we aren't getting it all our own way ref the creep up..but gold rising and production progressing..very happy to hold

watcher..back to the footy

Turning back up now and mining set to stay in key focus going forward.

switch into lrl if you want to make real money

http://www.resourceinvestor.com/pebble.asp?relid=36355

Wall Street Pumps Up Gold

By Ben Abelson
08 Oct 2007 at 01:56 PM GMT-04:00

CHICAGO (ResourceInvestor.com) -- Just as with their buy-side brethren, bulge-bracket Wall Street analysts are often perversely incentivized to..............................................................

don't really know anything about this company, though "friend" Greyhound is a fan which is why i have posted a chart ..... looking at it, i would not be at all surprised to see sp drop back to 50 dma at about 17.75 or even 200 dma at 16.25 ..... given sp's reluctance to breach that level downwards, that would certainly seem to be a good entry level - always assuming you want the stock in your portfolio!