Pog should this be the start of some-thing good or should i get out ?

Further progress in association and actual joint venture with Rio Tinto is I feel more valuable to POG than the market recognises it will give funding and acceleration to POG.

Entry for gold mining companies into Russia is not easy see John Helmers article HANDS OFF RUSSIAN GOLD 18/01/04 available from www.kitco.com archives.
Peter Hambros partner Pavel Maslowsky is well respected in Russia hence facilitating the progress of the company.

Peter Hambro Mining eased back by 26.5p to 409.5p as broker Cannacord raised 40 million for the company at 400p per share to fund its ongoing exploration activities in the FSU. Numis stuck with a 719p valuation and "buy" stance on Hambro after the news

The Ametistoveye acquisition takes POG Category C reserves to 7 mil oz an increase of 32%.Acquisition cost works out at about $14 per reserve oz. If you compare Russian mining costs with much higher costs in other regions Peter Hambro and Pavel Maslowsky have so far a no cost acquisition!!!

Loans for Mine Construction as stated are readily forthcoming,not surprising after such a good move

Numis have a price target of over 600p and rate POG astrong buy.

The market is showing respect for the POG business model and strategy.With 10mil new swhares coming on the market at a minimum price of 400 as underwritten by the underwriters,the current price recovery continues--416 today.

Numis price target now 715p.

regds
gk

I'm also waiting to get in but wiating for the share placing to be completed so that we can find out what the share price will be (diluted). Any body any ideas what that might be i.e ppl suggesting 350 - 400.

The market may well have already factored in the dilution,most investors who follow POG can also do the sums.The overall business strategy by Peter H and Pavel M appears sound, there are no bad news, and no track record of unfulfilled promises.