Anyone have any views on whether this share is going anywhere??

just browsing on russian gold producers, and this one took my eye ..... the ubiquitous and scrupulously honest (of course!) Mr Abramovitch owns 40% through Millhouse, but idiot investor he isn't + 20% by Barrick ...... hmm! worth pondering

Russian gold mining expansions
30 Jan 2008 - 11:02

MOSCOW, Jan 30 (Reuters) - Russia's leading gold miners have unveiled ambitious plans to expand reserves and production.

The Russian Gold Industrialists Union expects 2008 to show the first annual increase in production after five consecutive years of decline.

The union forecasts Russian gold output will rise to 225 tonnes (7.2 million ounces) by 2015. Production in 2007 has not yet been fully calculated, but is expected to have dropped by up to 3.0 tonnes from 164.3 tonnes (5.3 million ounces) in 2006.

Russia accounts for about 6.6 percent of world gold output and ranked fifth in terms of production last year. It has reserves second only to South Africa's.

The country's biggest gold miner, Polyus Gold , accounts for about a quarter of Russia's production and ranks fourth in the world in terms of reserves.

To see an ANALYSIS on Russia's gold sector, please double-click on [ID:nL30566257]

Following is a list of planned expansions by the country's largest gold producers.


POLYUS GOLD
Market capitalisation as of Jan. 30: $9.9 billion
Main owners: Mikhail Prokhorov and Vladimir Potanin, who are engaged in a protracted division of their varied assets
2006 output: 1.215 million ounces (23 percent of Russia's total)
Forecast 2007 output: 1.2 million ounces
Long-term forecast: 3.9 million ounces by 2015

Operating mines: Olimpiada (Krasnoyarsk region), Kuranakh (Yakutia), Zapadnoye (Irkutsk), alluvial deposits in Irkutsk region
Development projects include: Blagodatnoye, Titimukhta, Olenii, Tyrada (Krasnoyarsk), Verninskoye, Chertovo Koryto (Irkutsk), Natalka (Magadan), Nezhdaninskoye (Yakutia)

* Polyus is the world's fourth-largest gold company in terms of reserves. An audit by MICON International last year said the company had proved and probable reserves of 68.6 million ounces.


PETER HAMBRO MINING
Market capitalisation as of Jan. 30: $2.2 billion
2007 output: 297,300 ounces
2006 output: 261,000 ounces (4.9 percent of Russia's total)
Long-term forecast: 900,000 ounces by 2010 and more than 1 million ounces by 2011

Operating mines: Pokrovsky, Pioneer (Amur), Omchak (joint venture in Magadan), several alluvial deposits

Development projects include: Malomir (Amur), Novogodnee Monto, Toupugol-Khanmeishorsky (Yamal-Nenets).


POLYMETAL
Market capitalisation as of Jan. 30: $2.6 billion
Main owner: Suleiman Kerimov
2007 output: 242,000 ounces
2006 output: 256,000 ounces (4.8 percent of Russia's total)
Forecast 2008 output: 250,000-270,000 ounces
Long-term forecast: 400,000 ounces by 2010

Operating mines: Dukat, Lunnoye (Magadan), Vorontsovskoye (Sverdlovsk), Khakanja (Khabarovsk)

Development projects include: Albazino, Khakarinskaya (Khabarovsk), Dukat Ore Field, Kubaka (Magadan), strategic alliance with AngloGold Ashanti Ltd (various regions), Rudnichny, Galkinsky (Sverdlovsk), Anenskoye (Krasnoyarsk)

* Polymetal is also Russia's largest silver miner.


HIGHLAND GOLD MINING LTD
Market capitalisation as of Jan. 30: $1.2 billion
Shareholders include: Millhouse LLC (the investment vehicle of Roman Abramovich - 40 percent), Barrick Gold Corp (approximately 20 percent)
2006 output: 167,544 ounces (3.2 percent of Russia's total)
Forecast 2007 output: 160,000-170,000 ounces
Long-term forecast: more than 200,000 ounces by 2009

Operating mine: Mnogovershinnoye (Khabarovsk)

Development projects include: Mayskoye (Chukotka), Taseyevskoye, Novoshirokinskoye* (Chita)

* Novoshirokinsoye is a polymetallic deposit being developed jointly with Kazzinc, a Kazakhstan-based zinc producer owned by swiss-based trader Glencore.


KINROSS GOLD CORP
Market capitalisation as of Jan. 30: $13.6 billion
Toronto-based Kinross could become Russia's second-largest gold miner when it starts its Kupol project in Chukotka. Kupol is due to start in mid-2008 and is forecast to produce about 550,000 ounces of gold per year from 2009. The company also owns the Julietta mine in Magadan region, which is already among Russia's top ten producers. Kinross acquired the assets through its acquisition of Bema Gold Corp.


YUZHURALZOLOTO
Unlisted. The name translates as South Urals Gold
2007 output: 158,900 ounces
2006 output: 127,700 ounces

Operating mines: Svetlinskoye, Bereznyakovskoye, Kochkarskoye, West Kurasan, South Kurasan (all Chelyabinsk), Priisk Drazhny (Krasnoyarsk), Kommunarovsky (Khakassia), Darasun (Chita).


BURYATZOLOTO
Market capitalisation as of Jan. 30: $142.7 million
2006 output: 150,173 ounces (Zun Holba mine 70,107 ounces, Irokinda mine 80,066 ounces)
Forecast 2007 output: 145,400 ounces (Zun Holba mine 69,100 ounces, Irokinda mine 76,300 ounces)

* Buryatzoloto is owned 85 percent by Canada's High River Gold Mines Ltd and operates the Zun Holba and Irokinda mines in Buryatia. Separately, High River Gold also owns 99 percent of the Berezitovy mine in Amur region as well as a gold mine in Burkina Faso and the Prognoz silver deposit in Russia's Yakutia region.


GV GOLD
Unlisted. Plans IPO by autumn 2008 at earliest
2007 output: 102,900 ounces
2006 output: 86,967 ounces
Forecast 2008 output: 118,600 ounces

Operating mine: Golets Vysochaishy (Irkutsk)


SEVERSTAL
Market capitalisation as of Jan. 30: $21.7 billion
Main owner: Alexei Mordashov
Severstal is Russia's largest steel maker including foreign assets. The company last year acquired Celtic Resources Plc and several Russian gold fields. Mordashov said in November he plans to build a gold-mining company that could become Russia's third- or fourth-largest and could be spun off within five years.

actually, it's moot point as to whether Millhouse yet owns 40%, for my research (don't all fall off your chairs!) indicates Millhouse will own 40% through the purchase of 200m of new shares at 151 in two equal tranches ..... the first tranche was issued (i dare say paid for too) on 4th December, but i would hazard that the market/sp has already discounted the whole.

Millhouse has seemingly picked up another slab ...... have still not bought in, but until Mr A falls foul of the Russian hierarchy, there seems to be some pretty good protection her

Good results,but does any one think this is a high risk share.

up again today with a lot of buying continues,and no interest by any one on this thread about there views.

Up and down like a hooers drawers! Have traded these over last few days, quite nerve racking and just a bit of luck on my side, seems to have good support at 37p.

Results were good recently, throwing off cash, looks oversold again

Up today.

My recent findings from another board...


After Tom Ws recent front page article on Gold..

http://sharecrazy.com/beta/daily/982/why-gold-is-nor-rising-but-why-you-should-fill-your-boots-with-gold-stocks

and the rising price of gold..http://www.kitco.com/images/live/gold.gif

Ive been researching the market for small cap, producers who stand out from the crowd hoping to make a good medium term investment.

Ive set certain filters with weighting factors eg, cost of production per ounce etc, etc, and narrowed it down to just 2 in the end POG Peter Hambro Mining and Higland GOLD HGM, with the latter looking the most undervalued.

The company mines in Russia.

Half way result headlines to 30/6/2008 were as follows ..

FIRST HALF HIGHLIGHTS

Group profit after tax of US$22.2 million compared to a loss for the same period in 2007 of US$2.8 million

Gold revenue for the first half of 2008 increased by 77% over the same period in 2007 to US$73.7 million on sales of 81,036 ounces

Average realised gold sales price was US$909/oz, up by 39% (first six months of 2007 - US$655/oz). The Group remains unhedged

MNV - Cash operating cost (US$/ounce sold)
472

MNV - Total cash cost (US$/ounce sold)
529

Cash and short term deposits of US$308.7 million at 30 June 2008

Novoshirokinskoye mine on schedule for commissioning at the end of 2008.... ENDS

Net Cash on the books circa of 100 million to 120million, market cap 190 million, profitable a solid balance sheet and a new mine coming on tap producing hopefully by late December 2008. Throw in the eploration side of the business for good measure and we have what looks like a sound value investment.

Chart and TA is looking positive aswell..

long Term Chart



Short Term Chart Showing Double Bottom Formation...



Traders Chart



Chairmans Comments on last results (30/6/2008)...

Commenting on today's announcement Duncan Baxter, Non-Executive Chairman said: 'We have benefited in the first half from the efficiency measures taken in 2007 to improve production at Mnogovershinnoye (MNV) and this is reflected in significantly improved results and we look forward to seeing further progress being made during the rest of the year. Novoshirokinskoye (Novo) is on track to become our second producing mine by the end of the year. In the light of recent Board and Executive appointments and the turmoil in the financial markets which is likely to result in liquidity constraints for the foreseeable future, the Board will examine all aspects of the business to focus on the best way to exploit the Company's strong net cash position. This may have an effect on timing for various projects and will also include looking at opportunities of acquiring additional producing assets.' ENDS

Brokers Estimates....

2008 2009
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Investec Securities
21-11-08 BUY 14.48 3.16 19.28 4.43
Arbuthnot Securities
21-11-08 BUY 26.31 5.76 24.54 5.45
Seymour Pierce
14-11-08 HOLD 5.32 5.22
Fox Davies Capital
14-11-08 BUY
Alfa Bank
11-11-08 UREV

2008 2009
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 20.04 5.32 0.00 21.75 5.22 0.00
1 Month Change 0.69 -0.27 0.00 -1.09 0.00 0.00
3 Month Change -6.73 -0.10 0.00 -14.86 -2.77 0.00


GROWTH
2007 (A) 2008 (E) 2009 (E)
Norm. EPS % 45.38% -1.88%
DPS % % %

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)
EBITDA 10.67m 27.90m 32.35m
EBIT 10.67m 23.82m 23.66m
Dividend Yield % % %
Dividend Cover x x x
PER 15.03x 10.34x 10.54x
PEG f 0.23f -5.60f
Net Asset Value PS 73.85p p p


All in all looks like a sound investment case here with the added bonus maybee of a bid from one of the big boys given the supply shortage in the general market and the amount of cash the company as on its books.

DYOR.

Thanks very much gf I bought some today and also topped up with Pog...I am a gold bull for 2009..

Same here Mitzy, reckon those 2 are the best small producers around at the moment.

one concern with this company is that there cannot be much free float and average volumes are a bare 500k a day ..... however - see my comments from early this year, even if the price was then two and half times higher!

Thanks will do cynic.. good luck.

Beta for POG 1.2 so yep higher than the norm for the market.

HGM beta 0.8 so lower than the market.

price of gold $830 got to help the Sp going forward.

i've been looking for some longs to offset my short stance.
this might fit the bill. will buy on dip. lol do i sound like a journalist?
regards
jkd

100 million to 120 million cash says you buy quicker than you thought.

regards Gf.

dont think so gf
if it gets away from me, then so be it.
regards
jkd

It has come down a couple of points at the close.

gf
so how much you owe me?
lets split the difference and say 110 mil how you want to pay? cash or cheque? you did say cash.
regards
jkd

LOL, Cheque.... but make sure i dont sign it mickey mouse.

Really surprised that no one seems to be too bothered by this one, have made 2 lots of 35% profit on this in last 4 months, will be getting its new mine on line in next few months after a delay, sp has risen from a good support at 31p recently, not in it at the moment but looking for a fall back before getting in again, could be a good punt when it gets back down around lower 40s, stick it on your watch list.

In H2 2008 Mnogovershinnoye (MNV) produced 90,002 ounces of gold bringing the yearly production to 158,885 ounces which is within the forecasted range and exceeds the 2007 production figure by 1.5%
At the end of 2008 due to the fall in metal prices and to conserve cash it was decided together with our joint venture partner to delay the commissioning of the Novoshirokinskoye mine, and to slow down the development of the Mayskoye and Taseevskoye projects
All the works at the exploration sites of the Company planned for 2008 have been accomplished
Chairman, Duncan Baxter said, We are maintaining our cautious approach to expenditure while the markets remain volatile. When a sustained recovery is apparent, we will reassess this situation and consider the resumption of activities that have been slowed down or put on hold. During the last three months of 2008 the new management team has put in substantial efforts to reduce costs which should positively affect the Companys performance in 2009. Work on increasing the Companys efficiency will continue. We would also like to note that the recent recovery of the gold price is encouraging and the Board continues to keep a close eye on potential acquisitions of producing assets.

Financial results for the year to 31 December 2008 will be announced late April 2009.

Any idea why Goldman downgraded this recently, other than it being overbought, now it's starting to look oversold considering the expected Gold bull market IMHO, especially if the new mine goes into production.

If the bounce in the gold sp holds I'm getting back in, will wait another day or two though, can't really see why this shouldn't go back to 60p or more in the next two to three months.

Goldman probably wanted some for themselves!!

how deep are Mr A's pockets and how much is he already hurting?

Corker of a base wedge/triangle pattern set up which should result in a big breakout and move north especially with gold sp on the rise........

Backed by broker Buys aswell.

using a more simplistic chart, i think i would want to see sp move sharply above 55 before a breakout can be called ..... that said, downside looks fairly limited

Nice charts old mate. Nice to hear from you again.

Not been here as much as would have liked as per usual making 'loads err money'.

Happen to think its one of the best patterns ive seen for many a month, look at the time it took to form, thats the clue as to how strong the breakout will be.

not sure what i think of gold at the moment and don't hold any gold mining shares, but may well change my mind ..... glad to have called crude prices reasonably well when all about us were forecasting $30 and lower

btw, i still like CEY as a minnow miner

just noted wide spread +/-4p and very low liquidity with 5000 being EMS

Yep but that spreds being manipulated at the moment by the MMs, give it time and theyl let go.

Good call on crude cyners.

From a fundies point of view everything looks in place for a smart re rating here.......

forward P/E of just over 8.4 way undervalued IMHO......

Highland Gold Mining Ltd

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities [R]
28-05-09 NEUT 31.02 6.89 27.36 5.53

Fox Davies Capital
28-05-09 BUY 4.42 5.85

Investec Securities [R]
22-04-09 BUY 20.24 4.68 22.34 4.68

Alfa Bank
11-11-08 UREV

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 0.00 4.42 0.00 0.00 5.85 0.00
1 Month Change -26.89 -0.48 -25.44 1.17
3 Month Change -26.11 -0.38 -25.08 1.17


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 163.68% -49.19% 32.35%
DPS % % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 73.77m 33.47m 40.44m

EBIT 64.22m m m

Dividend Yield % % %

Dividend Cover x x x

PER 5.69x 11.20x 8.46x

PEG 0.04f -0.23f 0.26f

Net Asset Value PS 68.96p p p

quite right .... spread is now sensible and have taken a modest plunge, prob just to trade in/out

Good to have you on board cyners.

That chart says 100p plus and so does the SP of gold....


http://news.goldseek.com/GoldSeek/1243516448.php

http://www.rttnews.com/Content/ForexTopStory.aspx?Node=B3&Id=963168

http://www.reuters.com/article/hotStocksNews/idUSTRE54S0TC20090529

well young sticky, my simple mind reckons that, assuming current sp level can be held - i.e. just about through 200 dma - 60p may prove something of a hurdle

It has done in the past but resistance im sure will be murdered this time around with gold SP flying along.

Highland gold Mining hgm

Surely this time we will have a break through 60p, note how many times before its failed but this time we have a ascending triangle chart pattern supporting the case.

Slight resistance at 80p and then all the way up to 160p plus through the autumn and into next year?.

Looking hot this morning is this the breakaway???????????????????

gf
just to surprise you, i did actually buy a small quantity of these some time ago. added today, maybe a little prematurely but using money management to try to help keep me in without an overall loss. may or may not work.small and boring and adding makes for limited risk and big potential profit.
good luck to you.
regards
jkd

Up to date Broker recommendations on highland....

Highland Gold Mining Ltd

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
08-09-09 BUY 19.92 0.05 41.95 0.09

Arbuthnot Securities [R]
08-09-09 NEUT 28.07 6.23 24.76 5.01

Fox Davies Capital
07-08-09 BUY 3.52 9.84

Fairfax IS
06-08-09 BUY

Alfa Bank
11-11-08 UREV

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 19.92 1.78 41.95 4.95
1 Month Change 0.00 -0.06 0.00 -0.18
3 Month Change 19.92 -2.64 41.95 -0.90


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 163.68% -79.54% 178.09%
DPS % % %

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 73.77m 29.74m 53.70m

EBIT 64.22m m m

Dividend Yield % % %

Dividend Cover x x x

PER 8.62x 42.14x 15.15x

PEG 0.05f -0.53f 0.08f

Net Asset Value PS 68.96p p p

Looks a good one...should head up to the 100p mark as long as gold holds up.

Moving through 80p resistance.

with support at 75p.

Looks like a good point to enter long now.....

Worth a read about the SP of Gold....

http://www.bloomberg.com/apps/news?pid=20601087&sid=a04.EcuZo5ko

From todays Independant....

The newspaper revealed that Gulf Arab states, along with China, Russia, Japan and France, are planning to put an end to dollar-based trading in the oil market. The report suggests that the new basket of currencies may comprise of the yen, the yuan, the euro and gold.

Gold remained supported even after Saudi and Russian authorities denied the media reports, suggesting the market is still very bullish on the commodity. Analysts at Heritage West Futures told Bloomberg Television they believe the metal is likely to rise above $1,200 an ounce by year-end.

From Minesite:-

September 29, 2009

Cashed Up And Profitable, Highland Gold Is Looking To The Future With Confidence.

By Alastair Ford

HIGHLAND GOLD s latest set of financial results are fairly easy on the eye, given some of the ugly reports its had to make in the past, and bearing in mind the current strength in the gold price. Highland produced more gold at lower cost this time round, putting it on schedule to hit a total of between 155,000 ounces and 165,000 ounces this year. Putting out that sort of news must be especially gratifying for a company thats not been without its issues in the past. But memories of the troublesome Darasun mine have now almost completely faded, and the focus is now very much on production from the key Mnogovershinnoye gold mine (MNV) in the Khabarovsk region of Russias far east. At MNV, Highland produced just over 78,000 ounces in the six months to June 2009, an increase of around 14 per cent on the total produced during the comparable period in 2008. Total cash costs per ounce fell to US$514 from US$574 in 2008. That combination meant that sales during the period rose to nearly US$79 million, up from US$76.5 million a year ago, while operating profits rose to just over US$19 million, up from US$14 million.

It was a result that was partly driven by the strong gold price, and partly by continuing efforts to optimize plant and procedures, according to chief operating officer Brent Horochuck. MNV is now a mine that might be described these days, as long in the tooth, having been first brought into operation in 1991. Over the years its proved its worth, but plant is ageing, and a lot of the activity that Brent calls fine-tuning at MNV involves replacing ageing bits of kit. That process has generated some cost saving, and may yet deliver more, though Brent is fairly that for the full year this year at least, costs will be steady at around the US$500 mark.

So, having hit first half production targets, the mine is going strong, and July and August have also been up to speed. Going into winter, when blustery snow conditions often make maintaining operations at full capacity real challenge, this year the company will be supported by an increased stockpile, created partly as the higher gold price has rendered what was formerly designated as waste ore economic. The big variable, of course, remains diesel - setting the price of that remains well outside Highlands jurisdiction, nothwithstanding that oil and gas oligarch Roman Abramovich is a cornerstone investor in the company. Even so, with gold bumping around at a spot US$1,000 an ounce, theres plenty of room for manoeuvre.

And Highlands not been shy about adding ounces. The latest big hit comes from the Taseevskoye deposit in the Chita region, where the state regulator has just signed off on a new resource of just under 3.4 million ounces at an average grade of 5.22 grammes per tonne. As Brent Horochuk says, its a monster! Slightly further behind, but potentially even more exciting, is Unkurtash in Kyrgyzstan, where Highland reckons it might have a five million ounce deposit on its hands. Thats not yet been independently verified, but roll in the additional 820,000 ounces just booked at Belaya Gora, also in Khabarovsk, and the 1.6 million ounces at Lyubov in Chita, and Highland begins to pack a real punch in terms of its resource base. MNV also has at least a million ounces ahead of it, and plans to drill up the neighbouring Pebble region look set to add yet more. Nice to be booking all of that, in an era of US$1,000 gold.

But the next cab of the rank will be the polymetallic Novoshirokinskoye, referred to in company literature and by directors as Novo for short. Novos now operated by Kazzinc, and was, for a while, a casualty of the credit crunch. But a decision in July of this year to restart development has meant that commissioning is now due for October, with plans to ratchet output up to between 400,000 tonnes and 450,000 tonnes initially, although it may eventually go as high as 550,000 tonnes, according to Brent Horochuk. Although its a sizeable project, the production currently envisaged of between 45,000 and 50,000 ounces of gold per year, with roughly the same again in equivalents, means that for now Novo wont be leapfrogging MNV as Highlands flagship project. Especially since not all of the production is attributable to the company anyway. But, says Dmitry Yakushkin, Highlands communications director, what the start up at Novo will show is that the company can be work more than just one mine, that it can keep to its commitments and keep the regional authorities in side, and that, in general terms, it has the ability to grow.

On that last point, its worth bearing in mind the companys cash pile of around slightly less than US$295 million. Much of that is earmarked towards the acquisition of near-term production projects in the region. The companys past may be chequered, but as a cashed-up profitable gold miner on the hunt for deals, its future looks a lot more straightforward. Itll be interesting to see what the rest of the year has in store.

Zak Mir pro TAer on the stock yesterday..

Zak Mir



Reged: 28/06/07
Posts: 1061
Re: HIGHLAND GOLD (HGM)
#454341 - 06/10/09 04:44 PM Edit Reply Quote



The intraday high for HGM last September was 82p, so we are only really looking for an end of day close above this level to trigger a big upside move. There is little in the way of resistance between 82p and 150p on the daily chart.

WOW.....

http://news.goldseek.com/GoldSeek/1254749728.php

really impressive....

Highland Gold Mining Ltd

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
07-10-09 BUY 27.72 6.15 24.45 4.94

Fox Davies Capital
06-10-09 BUY 10.05 10.80

Investec Securities
22-09-09 BUY 19.92 0.05 41.95 0.09

Fairfax IS
22-09-09 BUY 9.25 12.95

Alfa Bank
11-11-08 UREV

2009 2010

Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 24.42 8.49 31.86 7.92
1 Month Change 4.49 6.72 -10.08 3.00
3 Month Change 4.49 6.54 -10.08 5.33


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 163.68% -2.41% -6.71%
DPS % % %

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 73.77m 36.28m 47.98m

EBIT 64.22m 26.61m 28.00m

Dividend Yield % % %

Dividend Cover x x x

PER 9.43x 9.66x 10.35x

PEG 0.06f -4.01f -1.54f

Net Asset Value PS 68.96p p p

The ones to be in are the unhedged gold producers with some exploration upside...gold really on the up this autumn !.

hasnt started yet rf............i'm on this and pog.....good old ruskies

The upwards curve is turning now into a sharp climb....

calm down.....its only the start

You're not something to do with insurance are you ?....calm down dear...

i am a winner though

Interesting piece on Russian Gold Industry....

UPDATE 1-Russia's 2009 gold output seen rising 11 pct
08 Oct 2009 - 10:46

* Industry lobby raises forecast

* Gold output seen at 205 tonnes in 2009

* Mine and placer output seen up 10.9 pct to 181.8 tonnes

* Output from scrap and as by-product also seen up


(Adds details, background)

By Polina Devitt and Aleksandras Budrys

MOSCOW, Oct 8 (Reuters) - Russia will produce 11.1 percent more gold this year than in 2008, the country's main industry lobby said on Thursday, raising its forecast for 2009 output of the metal to 205 tonnes from a previous estimate of 190 tonnes.

The launch of several new mines in eastern Russia will enable the country, which ranked fifth among the world's gold miners last year, to boost production faster than previously expected, the Russian Gold Industrialists Union said.

The 205-tonne forecast is equivalent to 6.59 million ounces.

In a statement, the union attributed the forecast increase to the first full year of production at Canadian miner Kinross Gold Corp's Kupol mine in the remote Chukotka region, as well as the Karalveyem mine in the same region.

The union said several other mines would also boost the total, including Petropavlovsk's Pokrovsky and High River Gold's Berezitovy mines, both in the Amur region.

The Sovrudnik firm operating in the Krasnoyarsk region, as well as the Aginskoye project run by Kamgold on the far eastern peninsula of Kamchatka, would also contribute, it said.

Russia produced about 8 percent of the world's gold last year and plans to significantly increase this share by developing reserves that are second only to South Africa's.

The union said it expected output from mines and placers to rise by 10.9 percent to 181.8 tonnes this year, output of gold as a by-product of other metals by 20.4 percent to 15 tonnes and gold refined from scrap by less than 1 percent to 8.2 tonnes.

Russia boosted gold output to 184.49 tonnes in 2008 after five consecutive years of decline. (Writing by by Aleksandras Budrys; Editing by Keiron Henderson) ((aleksandras.budrys@reuters.com; +7 495 775 1242; Reuters Messaging: aleksandras.budrys.reuters.com@reuters.net))

Keywords: GOLD RUSSIA/FORECAST

http://news.alibaba.com/article/detail/metalworking/100181548-1-interview-update-1-highland-gold-launches-russia.html

INTERVIEW-UPDATE 1-Highland Gold launches Russia mine, plans M&A
Published: 09 Oct 2009 21:32:18 PST

* Starts mining lead, zinc, gold at Novoshirokinskoye

* Joint venture with Kazzinc

* Plans to double production in five years

* Plans acquisitions in Russia, Kazakhstan


MOSCOW, Oct 1 - Highland Gold Mining Ltd has embarked on plans to double production within five years by launching its second Russian mine and plans an acquisition by the end of the year, its chief executive said.

Highland Gold on Thursday started processing lead, zinc and gold ore at the Novoshirokinskoye deposit in Siberia, the first new mine launched by Russia's sixth-largest gold producer since billionaire Roman Abramovich bought a 40 percent stake in 2008. "I see the company doubling production in five years. If we're producing about 5 tonnes now, we'll be at a level of at least 10 tonnes in five years," Valery Oif, the former oil executive in charge of Highland for the last year, told Reuters.

Russia, the world's No. 5 gold miner, reversed five years of declining production in 2008 and is set to boost output over the next few years by launching new mines in Siberia and the Far East. Output rose 25 percent in the first six months of 2009.

Highland, which counts world gold-mining leader Barrick Gold Corp among its shareholders, is looking to expand after a troubled 2008, when its market value tumbled over 85 percent.

With gold near record highs above $1,000 an ounce and its new owners cutting costs, Highland's stock has more than doubled in value this year. The company surprised the market with a 70 percent rise in first-half net profit.

The London-traded stock was little changed at 1040 GMT, after the mine launch, down 0.63 percent to 78.5 pence.

Oif said Highland Gold, with $294.8 million in cash on its balance sheet at the end of the first half, wanted to acquire companies with assets already in production or deposits with gold reserves totalling no less than 100 tonnes.

"We are looking at assets in Russia and Kazakhstan," he said in an interview in Moscow before flying to open the new mine.

"The company has room to grow. We have serious financial resources and have managed to build a strong team," said Oif, a former vice-president for marketing and sales at Sibneft, the oil company that Abramovich sold to Gazprom in 2005.


DEMAND REVIVAL

Novoshirokinskoye, 100 km (63 miles) from the border with China, is a joint venture between Highland Gold and Kazzinc, the Kazakh zinc refiner owned by commodities trader Glencore.

Since forming the venture in 2006, the partners have invested about $120 million. Oif said the mine could supply concentrate direct to Kazzinc or sell it to China or Russia.

"If it's more profitable for the Novoshirokinskoye mine to sell the concentrate to China or other consumers, that's what the mine will do," he said. Lead has more than doubled in value this year and zinc is trading up 60 percent as investors bet on recovering economic growth restoring demand for industrial metals.

The mine will next year pay 60 million roubles ($2 million) in taxes to the Zabaikalsky region, said Oif, a former senator for another Siberian region, Omsk. It will employ 1,000 workers from 2010, likely to earn an average monthly wage of 25,000 to 30,000 roubles, above the regional average of 17,000 roubles.

Oif said the post-Soviet period had been tough on the mining industry in Russia, which suffers from a shortage of trained mining specialists more than he experienced in the oil industry.

"Oil is an elite sector of the country's economy. It's easier to find personnel in the oil business than in mining," he said, though he added the situation was starting to improve.

Novoshirokinskoye will mill stockpiled ore this year before mining 280,000 tonnes of ore next year. Output will ramp up to 450,000 tonnes a year from 2011 and subsequently 550,000 tonnes. In 2010, the mine will produce 13,000 tonnes of lead concentrate, containing 6,340 tonnes of lead, and 5,600 tonnes of zinc concentrate, containing 3,000 tonnes of zinc. It will also produce 850 kg, or 27,500 ounces, of gold in concentrate. As ore throughput rises, annual lead concentrate output will reach 20,000-28,000 tonnes and zinc concentrate 8,000-9,000 tonnes. Gold output will rise to 35,000-40,000 ounces.

One of the best charts Ive seen for a while.

Highland Gold is really piling on the points with the price of Gold holding up at record highs.


More to come?....you bet.

Check out the resistance points. Reckon these will fall fairly sharpish.

gf
i hope it takes it time and dont do it too quickly. i have already bought and have added. the more volatile it becomes then the more difficult it becomes for me to add and accumulate. i'm risk averse. at which point i have to sit and wait and be patient, before being able to add further.
thanks for your posts and bringing such things to our attention. i for one appreciate you and your knowledge that you bring to this board. do keep up your posts.
ta again
regards
jkd

Thanks for that jkd... im blushing.

Market in geeneral looks a bit gloomy at the moment.

Hoping the Yanks perk us up.

Might be able to get a few HGM today on the cheap which would be nice.

First target 112p.

http://www.cambridge-news.co.uk/cn_business_columnists_punter/displayarticle.asp?id=455477

Private Punter - October 13
WHILE the Chancellor-in-waiting delivered something of a sobering speech last week, various sectors on the stock market reacted by moving in different directions.

The main forward drivers, which culminated in a positive end to the week for blue chip stocks, came predominantly from oil, gas and mining companies, where some recent lost ground was clawed back.

Lower down in these sectors, some smaller players also attracted buyers, particularly those with gold interests on the back of a sustained recovery in the price of the metal.

One company in particular has caught my eye and, despite shares having already jumped from 60p to a current 95p in the last six weeks, I believe there could be much more upside to come.

While many junior miners and explorers are bereft of achieving substantial production through lack of funds, Highland Gold by contrast appears to be an exception to rule.

With a current market capital of 300m, Highland has seen its income grow rapidly in recent years, jumping from 42m in 2004 to last year's impressive 103m. In addition, the recent interim results were upbeat while the strong balance sheet is supported by 118m in cash. Given what appears to be such a fast-growing company that is adequately funded, one might ask the question why the shares are substantially below their 3.30 peak achieved some three years back.

The answer to this most likely lies in the fact that Highland's operations and assets are located deep in the easternmost reaches of Russia.

Seasoned investors will always be wary of the region, particularly as a number of other listed companies have endured challenges to the legitimacy of their assets. Here, Highland has to a degree been no different, having had its own personal spats with the Russian regulators a few years back. But any problems appeared to have been ironed out and the company has already witnessed a 14% jump in gold production at its Mnogovershinnoye Mine for the first six months of the year, which saw some 78,000oz of gold produced. While Mnogovershinnoye is currently its principal producing operation, Highland has recently commissioned its second project, the Novo mine, which although jointly owned, should generate strong returns.

The mine is expected to produce over 1.5m ounces of gold over its lifetime and will initially provide some 38,000oz along with 750,000oz of silver as well as a substantial amount of zinc concentrate.

However, the potential upside does not stop here as the proven gold-producing Taseevskoye mine is yet to come along with several other exploration areas. The most promising of these may well be the Unkurtash project which has substantial estimated reserves of more than 5m ounces of gold.

Although Highland, with its head office based in Jersey, appears to be at the much riskier end of investing, it could well deliver significant returns in the coming years. Interestingly, there are some punchy investors on board here including Standard Life, which has a 3.5% holding, although that was diluted down from 8% a couple of years back.

This arose when Roman Abramovich, better known for his interests in Chelsea Football Club, acquired a substantial stake at 1.60 per share via his investment vehicle Millhouse. That set him back around 200m for a 33% holding and he is closely followed by the major Canadian mining company, Barrick Corp, which sits on 20% of Highland.

seems to have been trading in a sideways range since oct.But with an upward bias. looks as if it is now attempting a "break out" from the range. may or may not.it does look to me as that range may prove to be accumulation rather than distribution. i would however like to see an increase in volume before feeling confident enough to add more. we could get a double top.
as always just my opinion and please dyor
regards
jkd

or even a thick lip or a large bottom

cynic
no thick lip if read between lines and do own research but nice large comfortable bottom if do same. dump the wronguns quick and hold on to the gooduns.this stock is currently good for those that use "tactics" or have a plan. how many of us do either or both i wonder.would you prefer it if i spelt it out? my entry point plus my stop loss level?
i was just bringing it back to the attention of the board readers, After some time of absence i thought it might now be at an interesting level.
regards to you
jkd

Barrick Corps holding of 20% is in itself quite interesting JkD./ lts rise was truly phenomanol /an absolute joyride reg.capital growth........l have forgotton the precise stats but had you invested a mere 1k in the late 80s youd be a millionaire today - something quite remarkable like that.......Now Barricks have illustrated over the years a remarkable record in picking winners with high returns Reknowned for poaching top drawer geologists-- and lets not forget all mining outfits are initially only as good as their geologists. lt is no co-incidence that the best of the crop discover not one or two top class prospects but do it consistantly. . As Reg. HGM - Lets face it; ( i)they have some very juicy prospects .World class. (ii)Fundementals are rock solid.T/O and profit up dramatically . Accounts show strong cash flow coupled with low gearing .Growth can be achieved organically or by acquisition .And to be honest; Fundementals mean a lot more to me than any chart.( iii) They have a powerhouse of a board . ( iv) Top drawer geologists ,And some equally powerful backers . Of course charts have their place and chartwise .JKD is right, as always 8-)) in suggesting 103p could be a double top- chart even has identical 10 and 30 day mda convergence @ 80p immediately following a 20% fall to what appears a solid bottom at this 80p level .Volume is hardly inspiring .lt picked up a little last october but is rather thin of late.l would prefer higher volume giving a bit of beef to what is currently skelatol . Some would argue the 80p support level is soft and mushy looking at a longer term 2 or 3 year chart but pre crash charts only add to murkying the water. - Now is now and 80p is where id have to try and be brave and call a support level.......ld like to be in play ideally at that level so i guess its wait and see...........double top and i will look for 80 but wont mind paying up to 85 .....lf it can maintain above 100p for ten consecutive days id like to think i would review whole stratagy but if im honest i would probably be tempted to dip a toe. .................................But what with the bigger picture of the club med economies looking grim ( UK, France,Germany not much better ) and with the IMF hovering and with both stg and the euro being somewhat hammered, gold has to be a temptation once again. Already hold POG and CEY and busily looking for one more to hold a triumvirate of players in vaying degrees of development. Long term . A success story. {) Barring of course Putins regs. damned meddling and settling of old and new scores by economic means }. Very exiting times ahead with sufficient monies to finance an extensive programme of exploration and/ or buy in on highly rewarding prospects.

Despite a re-rating from Arbuthnots from BUY to NEUTRAL with a target of 90p HGM powered on to 110p mid on news of first shipment of concentrate from Novo mine. Volume was derisory,however, a mere 520,000 ( approx ). Bit to heady for me currently.

TFC
i really dont think its coming back to that 80p solid support level that you mention, although it might,and by which time i shall be long gone
(long gone?;-)) and also ready to buy again.( much has happened since 1st march)
regards
jkd
edit and addendum, it is looking toppy to me but i am still holding with protective stop.

yet another one i have been stopped out of half my position on friday, have banked a profit. still holding other half and it is still in profit , not sure for how long though.
regards
jkd
edit , that is not not sure how long still in profit, but not sure how long i will hold before taking that profit, i want to be in a position to buy back in if it continues to fall.

i'm still holding. havn't topped up yet but still looking for opportunity to do so
as always just my opinion and please always DYOR
regards
jkd

Thanks jkd, I'm with you on this one, it's a good un, just topped up now watch it plummet :o)

Probably one of the best gold shares around.

Brilliant Run!

Certainly is.

One of the best charts I've seen for a while..thanks gf.

Whilst not my biggest holding in number of shares physically held;t this is my biggest investment in fiscal terms ..lncidentally JKD; your call was quite correct in that i didnt get a sniff at anywhere near my desired entry level of 80p /..ended up begrudgingly (at the time ) paying 122p and adding @ 135. 142, and 158,,,,,,,,,but it is one of those core porfolio stocks that allows peace of mind and a sound sleep at nights for which i dont mind paying a premium .....ln light of coorperate developments within the company itself and what with recent explosion in s/ps of so many junior / micro gold stocks - many of which are utter dross - coupled with QE 2 in USA and resulting dilution of the $ , i fully anticipate a good return here / entertain great hope for this stock what with a Vienese banking house talking of gold trading at over $3000 ,,,,,gulp ....lncidentally anyone interested in holding physical gold i would reckie PHAU which tracks the yellow metals spot price / l hold a few myself ..... .........

T
i still havent added to/ reinstated my 50% holding yet.nice to see you took the plunge.closing price as at date of your post was 195sh. so it's nice to see you are now well in profit.all the levels you bought at are clearly defined as "good" buying levels. in hindsight that is. well done.your timing is much better than mine because i havnt yet bought back in. just holding.but then i try to deal and post in a more real time.
PHAU? is that a ramp-;)
regards and good luck to you.
regards
jkd

mais moi ? ramping ? non non ...You are such a cynic JKD ..:-) but not without good reason when considering some of the flagrant skullduggery that occurs on these very BBS ........i fully agree it is not difficult to trade in hindsight; and,as such,to avoid such an accusation , i usually do declare positions opened at the very time of having done so .This fact can be bourne out if you care to check out other stocks - COV, NYO, AMER,CEY, AFR ( which thread i initiated @ 39p ) XEL,PAL,and a host of others ,,,,ect ect .....l have meant on many an occassion to post positions opened reg. HGM but the thread seems to attract such a dearth of interest,i thought it would only fall on deaf ears anyway . Furthermore i have made many references on other threads to having opened positions in HGM at prices quoted in previous post on here ..........At the end of the day JKD : Whose kidding who in lying reg. positions opened ?. l am not that desperate for gratification ;and what with the worst form of deception being self deception l would find very little satisfaction in stipulating i had opened positions that proved untrue. .............Anyway wishing you all the very best in your own trading/investing endeavours / always a pleasure to read your contributions on AM .... bonne chance /a'bientot mon pote............@+ ..J

Highland Gold reveals positive results at exploration projects


Highland Gold Mining has announced positive exploration results from its Mnogovershinnoye, Unkurtash, Lyubov and Blagodatnoye properties.

It said Mnogovershinnoye - the company's main producing mine - achieved encouraging results from a near-mine exploration programme intended to discover additional reserves for open-pit exploitation over the short term.

The focus in 2010 has been on surface exploration which includes more than 6,200 metres being drilled at four exploration targets, Pebble (Valunistoye), Pebble (Valunistoye) north east extension, Quiet (Tikhoye) and Upper (Verkhnoye), within the licence area.

Pit optimisation is now under way at the Pebble (Valunistoye) prospect which is part of the 2 kilometre long Quiet (Tikhoye) - Pebble zone estimated to host 190,000 oz of gold contained in open-pit mineable ore grading between 3.0 - 5.0 g/t.

At Unkurtash (Kyrgyzstan) a preliminary application for registration of (C1+C2) category reserves of 1.71 million oz is scheduled for submission to the State Committee on Reserves of the Kyrgyz Republic (GKZ) prior to the year-end 2010 and represents a major step towards future mine development.

The initial audit in compliance with JORC standards is planned to be completed by mid-2011.

At Lyubov, 12,000 metres of resource definition drilling has been completed, targeting stockwork-type gold mineralisation hosted within the Evgraf granitic stock and its surrounding shales.

The objective of this drilling programme was to increase the C1+C2 reserves potential through conversion of adjacent prognostic P1 resources.

At Blagodatnoye - which was acquired in Q1 2010 and is located in strategic proximity to Belaya Gora - a resampling programme of 200 metres of old trench workings within a 200 x 500 metres zone has been completed.

Blagodatnoye has a reported prognostic resource estimate of 161,000 oz of gold and features stockwork-type gold mineralisation with reported average gold grades in the range of 1.5-2.0 g/t.

The resampling returned overall positive results, which defined several continuous intercepts of gold mineralisation.

The results underscore the company's expectation that it will be able to increase the reported mineral resource

HIGHLIGHTS

Financial:

Group gross profit of US$43.2 million, a 50.6% increase compared to H1 2009 (US$28.7 million).
In spite of a stronger rouble total cash costs at MNV were contained and amounted to US$489/oz (H1 2009: US$478/oz)
Group EBITDA increased by 71.3% to US$46.7 million (H1 2009: US$27.3 million)
Cash, short term deposits and bonds at 30 June 2010 were US$216.5 million


Producing Mines:

Mnogovershinnoye ("MNV") and Novoshirokinskoye ("Novo") (48.3% HGML share) combined produced 85,789 oz of gold and gold equivalents - a 9.4% increase on H1 2009 production
After first shipments of concentrate in February 2010, Novo continues to ramp up mining and processing levels
Company remains on track to produce 200,000 - 210,000 oz of gold and gold equivalents in 2010


Development Sites:

Preparation of open pit production at Belaya Gora remains on track to mine and deliver near surface oxide ore
Taseevskoye metallurgical pilot test works are ongoing


Exploration:

Exploration drill works at Unkurtash continue to return positive drill intercepts and increase confidence for a substantial size deposit
Exploration drill works at Lyubov extended to accelerate project towards reserve registration
Purchase of the Blagodatnoye exploration property increases the mining potential in the Khabarovsk region
Purchase of Belaya Gora Flanks exploration property adds near-mine exploration potential for the operation

Highland Gold expects output to rise after 23% increase


Highland Gold's output rose 23% in 2010 and it forecasts a further increase this year.

The firm said it met its 2010 production guidance by producing 200,028 oz of gold and gold equivalents from Mnogovershinnoye, Novoshirokinskoye (48.3%) and its newly commissioned third mine, Belaya Gora - a 23% increase year-on-year.

Production in 2011 (MNV, Novo and Belaya Gora) is forecast in the range of 210,000-220,000 oz of gold and gold equivalents.

im still holding my 50% and havent added or reinstated yet. didnt sell at 200 top unfortunately. how was i to know?
anyway price is now getting close to my long term(at the time) stop loss level, so it looks like i may either be stopped out, or if it holds good will shortly be reinstating.
i dont know which way it will go, so just watching and waiting to react according to what price movement indicates.
please all dyor and good luck
regards
jkd
edit stop loss level in reality is stop loss of diminishing profits i.e. sell at profit before it disappears altogether. plus my looking to reinstate my positition would be averaging UP should it happen, as i have already banked a nice profit on the other 50% i never average down.

Looking cheap now... Buy at 149p.

When Greece goes down, gold will rise.

i don't think greece will be allowed to default as the reverberations will horrendous and seriously jeopardise the economic recovery already gently under way in the rest of the world ..... and even if gold does rise, that does not necessarily mean that the miners will rise in sympathy - would that life were that simple

re instated just the 50% long today.
could be wrong. as always please dyor.
regards
jkd

Paul Hill made a bold prediction in his Precision Guided Investments newsletter this week. He thinks Greece is going down.

Some time this year, after the markets close on a Friday night, therell be a conference call between all the 17 member states. The European Central Bank will announce that Greece has defaulted on its debts, and will refuse to lend it anymore funds. The ECB will then flood the whole financial system with liquidity in an effort to prevent contagion.

But the Greek government will be left staring into the abyss. The new drachma will go into freefall - immediately causing its own banks to collapse and plunge the country into depression.

The Prime Minister will be forced to introduce emergency controls over capital flows and currency conversion - locking down its domestic banks. Any foreign depositors caught in the crossfire will be toast. They'll see their savings frozen and then partially wiped out as the accounts are converted into drachma. A similar fate could befall those foreigners owning property, such as holiday homes.

● Thats a big call. But Paul makes a pretty convincing case. Greece has too much debt to have a hope of paying it back. So its going to default somehow. But Pauls view is that, for all the warnings, banks in the eurozone are big enough to take the pain if Greece defaults.

The real problem, he reckons, is moral hazard. If Greece was allowed to walk away from its debts and remain in the euro, this would open the floodgates for other countries to follow suit. So to avoid similar action by other stragglers, Greece will have to be made an example of.

The quid pro quo for membership in the single currency is that each sovereign has to stand by their own banks' obligations and pay their dues in full. The system can't work any other way. Hence I suspect this whole official spiel about no restructuring until mid-2013 is one giant bluff. In reality patience is wearing thin. The ECB, whatever the party-line, is about to strike. I believe it has sufficient fire-power to kick Greece out of the euro anytime. Its an interesting possibility. And its a story that well be keeping a very close eye on.

I like the look of the Highland Gold mining chart. Just gone long. Trades on a P/E of just 6.4 and a forward P/E of 7 to 2012.

Highland Gold Mining Ltd

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Numis Securities Ltd
13-04-11 BUY 123.52 28.16 8.61 112.83 26.01 7.99

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 123.52 28.16 8.61 112.83 26.01 7.99
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 26.27 6.56 2.42 -14.33 -3.34 -0.67


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 21.49% 90.95% -7.64%
DPS % % -7.14%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 69.52m 132.01m 121.93m
EBIT 69.52m 121.74m 110.06m
Dividend Yield % 4.73% 4.39%
Dividend Cover x 3.27x 3.25x
PER 12.34x 6.46x 7.00x
PEG 0.57f 0.07f -0.92f
Net Asset Value PS 101.97p p p

From Investors Inteligence.....

UK Chart of the Day: 13 July 2011

Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.

The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.

Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.

190sh and 200sh resistance levels do not concern me.
i am more interested to see that having closed at circa 189sh level today if it can maintain a weekly close above 185sh and hold on to it both this and next week.
fortunately my stops are much lower.
please all dyor and good luck.
regards
jkd

It's a good share but it's time to take profit at 188p.

180p now... still a sell to take profit.

Ridiculous to short this with the way gold is rising.....

rf
to sell to take profit is not the same as to sell to short.
regards
jkd

Yes, jkd....of course...it's just that hlyeo98 does a lot of shorting...(I'm going long on the stock)....

i'ld rather be in POG - or CEY as perhaps a comparable quality of stock to HGM

Yes, I agree that CEY is a better one, cynic.

not when your stuck in at 169p since Dec. lol

Worth a punt Long (SB) 178.9 Tgt 200.0 Stop 165.0. Trading statement 11/08, Interims 20/09.

I think that HGM will break into new highs......can't see them slipping back as long as gold holds up...CEY might just hover around that 140p for some time as elections are in 2 months....anyway....as they are very good gold producers....all worth being in at the moment....POG, perhaps has the most upside....(bet I get it wrong again)....

Poor production at Highland Gold


The Russian-focused miner said that it produced 184,102 ounces of gold at its three mines last year. That compared with already reduced guidance of 190,000 to 200,000 ounces issued in November.

"Though mined volumes improved substantially, the estimated grades fell short of target," the company said. "Going forward the focus will remain on open pit waste stripping to access reserve ore blocks with actions also taken to improve open pit mined grade reliability during 2012."

Highland is targeting increased production of 200,000 to 215,000 ounces in the current financial year.

The company operates the Mnogovershinnoye, Novoshirokinskoye and Belaya Gora mines in Eastern Russia and it has exploration targets in Russia and Kyrgyzstan.

Mr Abramovich's investment company, Millhouse Capital, owns 32.5pc of Highland's equity, with Barrick Gold, the world's largest gold miner, owning 20.3pc.

Top share for 2013

Looking good already

Moving on up luvly jubly

Nice update today. can't believe no one interested in this Gold miner?

HGM

Technically the chart is very bullish having
broken up positively from a Double Bottom
chart pattern.

Broker Views on HGM......

HIGHLAND GOLD MINING BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes

03 Mar WH Ireland Securities Outperform 65.50 - 75.00 Initiates/Starts
29 Jan Westhouse Securities Buy 65.50 80.00 80.00 Retains

13 Jan Numis Buy 65.50 110.00 80.00 Reiterates

Going like the clappers today. Just shy of 10% up on the day.

Loaded up on the pull back.

Russian gold glitters in face of Ukraine conflict

by Suzie Neuwirth
March 17, 2014, 12:48pm

The geopolitical tensions between Russia and the West over Ukraine are boosting the gold price and benefitting Russian miners, according to Canaccord Genuity today.

The broker has upgraded its recommendations on Russian gold producers Polymetal International and Petropavlovsk to “buy”, as a result of its bullish view on the yellow metal and a weaker currency, due to the regional unrest.

“The 14 per cent ruble depreciation since December improves costs in US dollar terms and drives a six per cent and 17 per cent increase in our net asset value estimates respectively,” said Canaccord.

“The higher gold price estimates make a substantial difference to our free cash flow estimates and ability of management to reduce net debt levels over the next few years,” it added.

Gold is a safehaven metal that investors traditionally buy at times of financial uncertainty. As City A.M. reported last month, research from the World Gold Council showed that overall gold demand slid by 15 per cent last year, due to large-scale outflows from ETFs, as confidence in the US economy improved.

But the battle over Crimea’s sovereignty – coupled with worries surrounding China’s credit market – have triggered a recent pick-up in the gold price and should cause it to rally further in the near term, according to the broker’s research.

“We believe the recent strength in the gold price is the result of a robust physical demand and a pick up in investment demand as indicated by the first significant rise in exchange traded fund (ETF) gold holdings in 15 months,” it added.

Canaccord is revising its estimates across the (gold) board. African Barrick Gold also gets its seal of approval and even Egypt-focused Centamin is a “speculative buy” despite an ongoing legal dispute.

“Our average 2014-2018 gold price assumption rises six per cent to US$1,354 (£814)/oz, and long-term projection rises five per cent to US$1,455/oz,” said Canaccord.

“This drives earnings per share upgrades and an average 25 per cent increase in target prices across our coverage.”

why would trouble in crimea be good for russian gold producers, especially if sanctions (no gold sales ex russia?) are to be applied?

God knows I was thinking the same but who gives a toss as its up over 11%.

In fact I think the EEC are mad taking out sanctions what the hell are the Germans going to do when the Ruskys turn the tap off on their 40% oil pipeline??????????

Beggars belief and for that matter why is the market so bullish today????????????

Do they really think the Ruskies wont take reprisals???????????

i agree with you pretty much all the way along the line

however, EU (+USA) has no option other than to impose sanctions of one kind or another, but quite what and how with anything meaningful i don't really know
i don't think "we" can sit back and do nothing, as happened in kosovo for far too long, but nor is other than economic intervention an option

germany will fight her own corner to a large extent

Yep but Cyners if Germany g ex growth no doubt they will pull the rest of us down with them. Lets face it if Greece can do what it did to the EEC theirs one heck of a chance German problems will be multiplied.

Thats why It makes me cringe when I hear David Cameron welcolming foreign business to this country for short term gain but overlooking long term serious problems. and basically holding us to ransom.

We should be very carefull.

that all reads as a bit of a non seq

as i read it, germany's main prob with russia relates to the amount of gas she buys fom that source, and if she shuts that off, can she source from elsewhere - seems a big ask.
however, whatever happens to germany or how germany handles her specific probs with russia will only affect uk by way of fallout

this is in no way comparable to inviting foreign biz to invest in uk, just as we do elsewhere in the world
think back over the years about companies like toyota or panasonic or, go back far enough, ford and general motors - i think they have been rather beneficial to this country; don't you?

NOT ENERGY COMPANYS.

But we have foreign energy companys here, and dont forget come 2015 we are just about going to stop the lights going out.

Just think if the Frenchies want to play silly devils.

there's several oceans of difference between buying and having to import the actual gas from some some foreign country, than having a utility company based here
said utility company doesn't actually own or even control the gas or power supply; it merely distributes
sorry old bean, but you're producing more gas from your rectum than sense

reckon he's trying to cover larger losses from long ago.,.

Highland Gold Receives State Approval for Kekura Reserves

Trading Update for the First Half of 2015


Highland Gold Mining Limited ("Highland Gold" or the "Company") announces its operational update for the half-year ending June 30, 2015. The Company expects to release a full report of the interim results, including financial results for the period, on or about September 23, 2015.

HIGHLIGHTS

• Total H1 2015 production of 121,242 oz of gold and gold equivalents at Mnogovershinnoye ("MNV"), Novoshirokinskoye ("Novo"), and Belaya Gora, a 1% increase from 120,121 oz in H1 2014.

• Continued optimisation of operations at the Belaya Gora processing plant, with gold recovery rates reaching 76% on average (21% higher than in H1 2014) and 80.9% in June.

• Steady operations at Novo, with ore processing volumes set to rise to an annual rate of 630,000 - 650,000 tonnes by year-end.

• Work on Kekura progressing as planned, including state approval of Russian-compliant reserves, finalisation of processing studies; and initiation of work on technical design documentation.

• Guidance for full-year 2015 output of gold and gold equivalents unchanged at 270,000 - 285,000 ounces.


OPERATIONS

Mnogovershinnoye (MNV) - Khabarovsk Region, Russia

Processing plant throughput for the first six months of 2015 was 705,493 tonnes of ore, yielding 42,451 oz of gold. Recovery rates averaged 89%, a slight decrease from the same period in 2014. The dip was due to changes in the mineral composition of the ore and a decline in gold grades.

Open-pit and underground ore production totalled 619,749 tonnes. Underground development recorded a 7% increase to 4,287 metres from the previous six months.

The average ore grade was 2.15 g/t, which is 37% less than the same period of 2014. The reduction is due to the commencement of mining at the Verkhneye, Tikhoye, and Valunistoye ore bodies, which have slightly lower gold grades.


more....

This is a good share for dividends.

Another gold miner which has bounced with the strengthening gold price.

HIGHLAND GOLD MINING LIMITED

Q1 2017 Operating Results

27 April 2017

Highland Gold Mining Limited ("Highland Gold" or the "Company") today reports its operating results for the three months ended March 31, 2017 ('Q1').

HIGHLIGHTS

· Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in Q1 2017 rose to 65,243 oz of gold and gold equivalent, up 14.7% from 56,889 oz in Q1 2016.

· Average realized gold price of 1,222 USD/oz.

· MNV and Novo improved on 2016 gold and gold equivalent production by 27.5% and 15.7%, respectively.

· At Belaya Gora, continued focus on processing low-grade ore stockpiles pending the completion of an ongoing project review.

· Exploration programme at MNV continued with a view towards further extension of life of mine.

· Scoping study for Unkurtash completed and published, and consultants retained to identify potential partners for developing the project.

· The Company affirms its forecast for total production of gold and gold equivalents of 255,000-265,000 oz for the full year.

Like the look of this company and the sp has a good chance of turning up.

Not at the moment, with gold falling.

exactly so

One for a future rebound.

Someone stocking up on cheap shares. 25,000 a go late updates.

HIGHLAND GOLD MINING LIMITED

05 May 2017

Updated Resource and Reserve Estimates for MNV


Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce the results of updated JORC-compliant Mineral Resource and Ore Reserve estimates for its Mnogovershinnoye (MNV) mine, conducted by Micon International Co Limited.

The Mineral Resource and Ore Reserve estimates take into account data from the extensive near-mine exploration programme conducted at MNV in 2016, which included over 14,000 metres of diamond drilling. The data supports the extension of MNV's life of mine to 2022, as announced earlier this year.

Total Ore Reserves increased to 500,400 oz, compared to 245,618 oz previously estimated to remain from the last reserve audit conducted in 2012 and reported in the Company's 2016 Annual Report.

Jumped in for a hopeful bounce.

And the bounce is happening. Big buys today.

I'm in @ 143.18 on the spreads dc

Fingers crossed Chris, these could do well. They were dropped in price just like GVC .
In at 140.45

Bought more today. Sold 888, gvc dividend and 888 dividend.

Touch wood, I have got this one right.

150p being paid.

Steady as she goes dc :0)

A lot of GVC backers are in this as well. Looking good.

what on earth is the link between GVC (gambling) and HGM (gold miner)

Difficult watching the screen or blasting bunnies in the garden. Chewing everything.lol

Result of AGM
RNS
RNS Number : 4416F
Highland Gold Mining Limited
17 May 2017
 
 
HIGHLAND GOLD MINING LIMITED
 
17 May 2017
 
Highland Gold Mining Limited ("the "Company")
 
Result of Annual General Meeting
 
At the Annual General Meeting of the Company held today 17 May 2017 all of the following resolutions were passed:-
 
Ordinary Resolutions:
1.   The report of the directors, the audited financial statements and auditor's report for the year ended 31 December 2016 were adopted;
2.   A final dividend of £0.054 for each Ordinary Share of £0.001 in the Company was declared;
3.   Duncan Baxter, who retired as a director of the Company, was re-elected;
4.   Valeriy Oyf, who retired as a director of the Company, was re-elected;
5.   John Mann, who retired as a director of the Company, was re-elected;
6.   Ernst & Young LLP were re-elected as auditors of the Company, to hold office until the conclusion of the next Annual General Meeting; and
7.   The directors were authorised to fix the auditor's remuneration.
Special Resolution: 
8.   That the Directors be and they are hereby generally and unconditionally authorised to allot, grant options or warrants over, offer or otherwise deal with up to 33% of the authorised but unissued share capital of the Company at the date of the passing of this resolution to such persons at such times and on such terms as they think proper without first making an offer to each person who holds ordinary shares in the Company, such authority to expire at the conclusion of the annual general meeting of the Company in 2020, save that the Directors may, notwithstanding such expiry, allot any ordinary shares or grant such rights under this authority in pursuance of any offer or agreement to do so made by the Company before the expiry of this authority.
 
The percentage of the votes cast was 68.6%.
 
The dividend payment date is 19 May 2017.
 
The Audited Financial Statements for the year ended 31 December 2016 were sent to shareholders on 28 April 2017 and are available on the Company's website at www.highlandgold.com

cynic - 17 May 2017 11:34 - 146 of 148
what on earth is the link between GVC (gambling) and HGM (gold miner)


Both driven down in share price and bottomed, only to start good recoveries. Leading to hopeful large profits.


We are all gamblers.lol

Thanks for sharing. HGM looks a good buy and undervalued.

New Exploration Licences Adjacent to MNV
RNS
RNS Number : 7376F
Highland Gold Mining Limited
22 May 2017
 
HIGHLAND GOLD MINING LIMITED
 
22 May 2017
 
Highland Gold Receives New Exploration Licences Adjacent to MNV
 
 
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce that it has received exploration licences for two greenfield sites adjacent to the existing licence areas for the Mnogovershinnoye mine (MNV).
 
The Kulibinskaya licence area, located to the south west of MNV, covers a territory of 38 square kilometres, while the Zamanchivaya area includes 4.2 sq. km to the north east of MNV. The licences were granted to Mnogovershinnoe LLC by Russia's Far East Federal District Subsoil Use Department for a period of seven years.
 
Potential mineralisation was previously identified in both of the licence areas, suggesting that they may represent continuations of MNV's geological structure. Zamanchivaya is located directly adjacent to the Pebble ore body, one of MNV's existing open pits.
 
The Company has set aside a budget of US$ 1 million for preliminary prospecting work at these sites in 2017, including US$ 200,000 for exploratory drilling, which will assist in developing more detailed exploration plans for next year. The purpose of this exploration is to potentially add gold resources to MNV's operations.
 
In addition to the central MNV licence, the Company already holds licences for the Western and North-Western Flanks, and the Lower Horizons of the central licence. MNV has been the focus of extensive programmes for near-mine exploration and reserve recalculation in recent years. These efforts, which are ongoing, have already resulted in the extension of MNV's life of mine to 2022, as well as the updated mineral resource and ore reserve statement published earlier this month.
 

A good day. Added as well today.

Hope it can carry on the rise. :-))

If it can break 160p dc 190p target :0)

Great Chris. :-))

Ticking up slowly, seems to be a large seller in the background. Personally up over8% now.

On Thursday, Highland Gold Mining Ltd (HGM:LSE) closed at 158.25, -19.05% below its 52-week high of 195.50, set on Feb 24, 2017.

Achieved 163.5p today.

Traded at 167.5p today.

Been strange this one. There is talk of the company being taken over. Almost as if someone wants the sp to stay low, who knows. Still in. If the rumours are true, no doubt there will be an RNS.

when is next rights issue or funding required, unable to see direction of gold price,
forth coming events, point to price sticking or downward direction, will stay in cash.

Second uplift in the share price.

Q2 2017 Operating Results
RNS
RNS Number : 8206L
Highland Gold Mining Limited
24 July 2017
 
 
HIGHLAND GOLD MINING LIMITED
 
Q2 2017 Operating Results
 
24 July 2017
 
Highland Gold Mining Limited ("Highland Gold" or the "Company") today reports its operating results for the three months ended June 30, 2017 ("Q2").
 
HIGHLIGHTS
 
·      Total production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora for the first half of 2017 ("H1") was 131,784 oz of gold and gold equivalent, up 2.4% from 128,671 in H1 2016.
 
·      Total Q2 2017 production was 66,536 oz of gold and gold equivalent versus 71,782 oz in Q2 2016.
 
·      MNV and Novo improved on H1 2016 gold and gold equivalent production by 13% and 4.5%, respectively.
 
·      At Belaya Gora, increased focus on processing low-grade ore stockpiles pending the completion of an ongoing project review resulted in lower Q2 production.
 
·      Average realised gold price of 1,253 USD/oz.
 
·      New exploration licences received for two areas adjacent to MNV, and an extensive near-mine exploration programme continued on existing MNV licence areas.
 
·      The Company affirms its forecast for total production of gold and gold equivalent of 255,000-265,000 oz for the full year.

25 Jul
Numis
230.00
Buy

The gold rise is helping HGM to rise.

Interim Results Announcement Date
RNS
RNS Number : 2180P
Highland Gold Mining Limited
30 August 2017
 
HIGHLAND GOLD MINING LIMITED
 
30 August 2017
 
Interim Results Announcement Date
 
 
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) will release interim results for the six months ending 30 June 2017 on Monday, 04 September 2017 at 07:00 UK time (09:00 Moscow). The Interim Results Press Release will be available to view on the Company's website that same day.
 
The Company will hold a simultaneous webcast and conference call to discuss the results, hosted by CEO Denis Alexandrov, on 04 September 2017 at 10:00 UK time (12:00 Moscow).
 
This event will be streamed live online. To listen and view the slide presentation in real time, it is recommended to access it via computer.  The link for online registration is:
https://digital.vevent.com/rt/highlandgoldmining/index.jsp?seid=17
 
To register to participate by telephone and to receive local dial-in numbers, please follow this link:
http://emea.directeventreg.com/registration/78381745
 

Large buys after the bell being reported.

Interims

5 Sep
Numis
230.00
Buy

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not correctly sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

Ex divi 14 Sept, payment 13 Oct.

Tipped by Midas this Sunday.

Looking for a sustained rise.

One would ask is the sp being sat on ?

Appointment of Joint Corporate Broker
Mon, 9th Oct 2017 08:56

RNS Number : 0384T
Highland Gold Mining Limited
09 October 2017
 
HIGHLAND GOLD MINING LIMITED
 
9 October 2017
 
Appointment of Joint Corporate Broker
 
 
Highland Gold Mining Limited  ("Highland Gold" or the "Company", AIM: HGM) is pleased to announce the appointment of BMO Capital Markets Limited as joint corporate broker with immediate effect.
 
BMO Capital Markets will work alongside the Company's existing brokers Numis Securities and Peat & Co. with the aim of expanding Highland Gold's outreach to investors across the globe.

Q3 2017 Operating Results
RNS
RNS Number : 2533T
Highland Gold Mining Limited
11 October 2017
 
 
HIGHLAND GOLD MINING LIMITED
 
Q3 2017 Operating Results
 
11 October 2017
 
Highland Gold Mining Limited ("Highland Gold" or the "Company") today reports its operating results for the three months ended September 30, 2017 ("Q3 2017").
 
HIGHLIGHTS
 
·      Q3 2017 production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo), and Belaya Gora was 71,767 oz of gold and gold equivalent versus 62,601 oz in Q3 2016, an increase of 14.6%.
 
·     Total production for the first nine months of 2017 ("9M 2017") was 203,552 oz of gold and gold equivalent, up 6.6% from 190,873 in the first nine months of 2016.
 
·      MNV and Novo improved on nine-month gold and gold equivalent production by 11.9% and 8.2%, respectively. Output fell year-on-year at Belaya Gora due to the planned continued processing of low-grade ore stockpiles.
 
·      Progress continued on near-mine exploration at MNV, the drafting of development studies for Belaya Gora/Blagodatnoye, Kekura, and Klen, and preparations for the plant expansion at Novo and construction at Kekura.
 
·     Average realised gold price of 1280 USD/oz.
 
·      The Company expects total production of gold and gold equivalent for the year to be near the upper end of its guidance range of 255,000-265,000 oz.

Purely guessing , will there be a takeover of this company in the future ? Almost as if the sp is being held down by sells. Just begins a rise and income the sells. Just looks as if there is there a reason to keep the sp down .

Highland Gold appoints new COO
StockMarketWire.com
Highland Gold Mining has announced the appointment of Mr Anton V. Kim as First Deputy Chief Executive Officer of its Moscow-based management company, Russdragmet LLC.

The Company said Mr Kim will serve as Highland Gold's chief operating officer and be responsible for overseeing day-to-day operations at its production and development assets.

Denis Alexandrov, Chief Executive Officer, said:

"We are very pleased to welcome Anton to the management team at Highland Gold. His knowledge and extensive experience directing major exploration and capital projects at two of the world's largest mining companies will be invaluable as our company continues to grow."



At 2:22pm: (LON:HGM) Highland Gold Mining Ltd share price was +1.63p at 144.63p


Story provided by StockMarketWire.com

Updated resource

Sold. Watched this one climb and fall again. If it falls in due course may re enter.