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.

Gold breaks the psychological $800 level to 27 year highs, currently trading up $17 at $804.

Only a matter of time before we start to hear news here, hopefully in the next couple of weeks.

On Line Limits :

BUY 100K @ 21.95p

SELL 100K @ 21.58p


L2 is 4 v 2 @ 21.5/22 with one MM move up today.

Interesting article on gold today in FTfm section page 14 "Treading the foothills of a gold bull market" ... last line..." so even at about $800 an ounce, the real gold bull market has not begun".

Could be ready to start edging higher again as the sector hots up.

certainly looks an interesting little company, though would like to have heard that their processing plant was now up and running - forecast to open mid last month.

i don't think this is a stock at which to throw too much cash, especially in today's very difficult markets and the arguably over-inflated level of bullion - i.e. surely there has to be a significant reaction, not least because $ (surely!) cannot continue plumbing new depths.

in conclusion, HMB is certainly a better "dabble" than many that are hyped on this BB ...... at least HMB has something solid on which to base assessment rather than just blue sky and unproven prospects

News should be imminent and then we're a producer here and revenues are expected before year end. Some of the bullish research I've read was done on gold between $400-600. As you say there's a real end product here, and a valuable one. Updates on reserves from independent Australian pros could also give upgrades.

Still under-valued even at this price and as Greyhound says, based upon much lower gold prices. Held up well in cuurent market. Might add?

I'm thinking of adding more too, except I'm already overweight and overweight the whole sector, not that it's proving a bad move. Convinced we're about to tick higher again....just have to be patient.

have allowed myself to be suckered in ..... hope it performs better than VIY and VML and GOO!

Now I feel a tad responsible! I really think it's an excellent company with great prospects ahead. It does have the assets and a revenue stream by year end does not appear to have drawn a great deal of attention yet - which is why I should buy more. Good luck - I don't think it's like being suckered in with VML, SEO....

I'm pleased to see you omitted VIY there Greyhound! (though its graph is looking pretty awful at present, I must admit).

SEO has certainly been a total joke and was so before i joined this BB ...... have posted my views there many times ..... frankly i have no sympathy for holders of this stock, as also with SUB .....

VML may well come good ..... at least they don't deem to have done anything wrong.

CEY was also a good bet a couple of months back, and though suggested to me, i never took it up ..... now prob too late as sp has moved from 50 to 70

hmmmm well i guess it was about time i bought into a producer... a small slice cant hurt... hi guys, im in.

Good stuff! well done BT.... the more the merrier! and all that...

Well that was short lived, got stopped out @20p this morning... oh well, cant win em all... lol

i confess that having allowed myself to be suckered in, i am now concerned that the expected news of the processing plant starting up is now overdue ..... still, at least that is less frightening than waiting to hear overdue oil drilling results!

I can hold shares with varying views, normally i maintain a longer term view and know how yesterdays losses can easily become todays gains, and vica-versa, however in current market i am sticking to tight stop losses, too many times i have allowed losses to increase and waited for months (or even years) for the sp to come back, this one may bounce back up to 22p and beyond shortly, but for me, its heading in the wrong direction and therefore has to go...

good discipline ..... that is why i reluctantly ditched the balance of my POG holding this morning

I am still holding, quite happy. The news will come, all we are seeing here is some stops falling in bad market conditions, and so it falls with minimal buyers.

As and when, it will rise back again.

Nothing wrong with stop losses however depending on your strategy the danger of tight stop losses in a volatile market is you get taken out. So, ok you know your loss is limited but a few hours later the story "could" be totally different. Yesterday was a US holiday, volumes/trading has depicted that partly, dollar now getting hammered again. The story changes quickly.

Sorry to think you were "suckered" into Hambledon cynic. I still believe the story is good and a few weeks here or there is nothing for a mining share. Results in Sep, said Sekisovskoye processing completion in Q4 and Ognevka processing plant expected in Oct.