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.

OK who sold against my reconmendation? Down at this minute but not phased.
cyril

Most surprised at the size of the pull back, although some expected with market
as it is, but what i buying opportunity?
Although no news as yet a reply to an e-mail explains the understandable delay
in reporting?

Thank you for your email and your good wishes. As you have seen the new crusher is installed. We haven't put out an RNS yet as we want to be sure of its performance before we do so. We will do this as soon as we can. I know that yourself and many other PIs are awaiting this news and for obvious reasons I cannot tell you something we are not telling everyone. I do hope you understand.

Yours sincerely

Charles Zorab

aimho
cyril

I see others have thought the same,some healthy buying going on.
cyril

Hambledon Mining Plc 11 March 2009

The Directors of Hambledon Mining Plc (the Company) are pleased to report upon the installation and performance of the new secondary crusher.

The installation of the new secondary cone crusher and re-lining of the primary ball mill were completed in late February. The installation and commissioning interrupted operations for longer than expected, resulting in the equivalent of three weeks of lost production. The upgraded circuit is, however, now producing crushed ore at above the design rate.

Several other improvements to the crushing circuit were carried out during the shutdown and will be completed in the next two weeks. These changes are designed to make the plant more reliable and less prone to stoppages caused by freeze-thaw weather in spring and autumn. Nevertheless, some weather-related disruption to production can be expected from now until the end of April.

The new circuit is capable of producing a more finely crushed product, which will allow the mills to operate at higher tonnages. There is therefore potential for higher milling rates after further experience of operating the new circuit is gained, particularly in the summer months.

A quarterly production update will be given at the beginning of the next quarter.

Not the most exciting of news releases, but typical HMB call it as it is,which allows
one to make a factual decision. So a lot more patience required i'm afriad, but it'll
be worth it imho?


cyril

Quarterly production report due shortly.

First quarter gold production at Hambledon Mining was severely affected by problems in the crushing plant and shutdowns for repairs and installation of new equipment.

Milled tonnes totalled 30,742 in January, 22,930 in February and 48,092 in March.

A new cone crusher was installed in early March and various other modifications were made during the shutdown.

The newly supplied cone crusher drive motor failed shortly after installation and further shutdowns occurred later in the month for the installation of new feeder arrangements and modifications to improve the flow.

Since the restart on 1 April, the changes have proved successful.

In the first 12 days of full operation, some 24,100 tonnes were milled and 900 ounces of gold were produced.
cyril

interesting movement today and a lot of buys, anyone know if news is imminent?

I B.......y hope so been stuck with these toooooo long.

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

Are you sure it's not you ramping up..cyril lol

A slight tick up since posting.
The 3rd excavator will allow up to 50% higher supply of raw material to the crusher, but more importent is the back up to cover any breakdowns, of which have been many. This along with the building up of spare parts will help to ensure a constant supply, at least thats the object?
cyril

The steady climb has started.i dont see the previous highs but 8p is not too far away imho.

post 303 .... as a total aside ..... Zorab is an old armenian family name and there's not a lot of those - i suspect that all of that ilk are quite closely related

i knew you would all enjoy that bit of utter trivia!

CYNIC as always i did!
Also engoying the huge rise ,i will be out @ 7p,if it gets there.

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........