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.

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!

Showing a bit of strength today, good to see, as this has plenty of upside potential.........

Not too long before the expected update I surmise. Another $10 on gold adding to the upward pressure.

A good day, lets hope some news is in the offing this week or next. I'll be happy when we get a break through 25p - although that may need the awaited news on production starting.......

Opened up strong, 2 MM's moved up already.

L2 now 3 v 1 @19.5/20 with just SCAP being the one on the offer at 20p.

Further $8 on gold price, going into orbit at the moment.

On Line Limits presently, for info :


BUY 10K @ 19.95p

SELL 250K @ 19.65p


Suggests things are strong and price might be moving higher again soon.......

On Line Limits now :

BUY 50K @ 20.49p

SELL 75K @ 20.25p


L2 is 6 v 6 @ 20/21


So trades going through now at 20.49p which is just under the advertised mid price of 20.50 are in fact buys, and not sells.

Some nice chunky buys today.

L2 presently 1 v 1 @ 19.5/20

SEYP bidding 19.5 and KBC offering 20

Looks as though it's being held back a little to fill some orders...

Perhaps we can start to expect an update on Ognevka in the coming days to start the stream of revenues. Fun times ahead I suspect.

Nice close.....normally a Friday into close like that would suggest news is coming in the week ahead.

Something is due, so perhaps there might be.

Would be nice, something to cheer about?
cyril

L2 is nearly all blue now, 3 v 2 @ 20.25/20.75

WINS and SEYP on the offer.


100K buy gone through at 21p, so a tick up should not be far away perhaps.

There it pops.

L2 now all blue and 2 v 2 @20.5/21 (KBC and SEYP on the offer at 21p)

Squeezing higher again as the timeframe for updates decreases. And still looking cheap.

L2 solid blue :

5 v 1 @21/21.75 just WINS on 21.75p offer, all the others on 22p

I have to consider increasing my holding here as the momentum grows...trouble is what to sell - certainly nothing in this sector.

If you tell us what you've got - we'll advise what to sell ?

(all in our humble opinion of course!)