http://www.kitco.com/charts/livegold.html

cheers GF.

Bumper profits cheer Peter Hambro
18 April 2005

LONDON (SHARECAST) - Russian gold miner Peter Hambro today reported a big increase in full year profit and turnover and announced plans to increase production capacity during 2005.

Retained profit for the 12 months to 31 December came in 48% higher at $15.3m on turnover up 58% at $85.5m. Pre-tax profit jumped 50% to $24.3m and leapt 65% at the operating level.

Chairman Peter Hambro called the results remarkable, adding, It is planned that a further increase in production capacity will be implemented during 2005, with an expected similar capital cost and that this will take the annual through-put of the plant to 2.2m tonnes per year, starting in 2006.

Hambro went on, The Group's forecast, which has always been successfully met in the past, of attributable gold production for 2005 is 271,000 ounces.

Gold price currently holding around $427
Good news from Hambro
should benefit other gold miners too and a fall in the green back
would be extremely useful as well!

Stockbunny, The following may be of interest. You may have already seen it I suppose. It was published within the last fortnight but I'm not sure of the exact date. (Encouraging rise today in POG anyway. Long may it continue!)

LONDON (AFX) - Peter Hambro Mining PLC expects gold prices in the world
market to soar to 500 usd per ounce this year, said founder and chairman Peter
Hambro.
That price level could have been achieved "sooner" had the European Central
Bank not sold off some of its gold holdings a few weeks ago, he told AFX News on
the sidelines of the Russian Economic Forum in London.
The ECB surprised the market a few days ago by selling about 47 tonnes of
gold and has not ruled out further sales next year.
Gold prices have soared against a weak US dollar and strong commodity
prices. Between May and December last year, prices surged from 375 usd per oz to
over 450 usd. They reached a 16-year high of 458.70 usd on Dec 2.
Gold prices have softened since then and are currently trading below 430 usd
per oz.
"Personally, I see prices rising to 500 usd an oz in 2005," Hambro said.
Hambro is also not supporting the International Monetary Fund's plan to sell
gold.
"The recommendation that the IMF should dispose of its gold is ridiculous,"
he said.
The IMF owns a little over 2 pct of the world's bullion, worth about 44 bln
usd. It has kept the value of the gold holdings at around 40 usd per oz since
the early 70s.
However, the US -- the IMF's largest shareholder -- rejected the proposal
and is believed to be planning to veto the sale once the G7 meets this week.
In 2004, Peter Hambro's gold production rose 41 pct to 209,000 oz, 3 pct
ahead of its forecast.
Average realised sales price for the year grew 11 pct to 402 usd per oz.
regards
JPS

JPS - thanks for posting, no I hadn't seen that, interesting stuff!
Maybe a tad ambitious but if he's proved right, I wont complain!
Although an explorer CDN results or up-date on on-going exploration in China
still going well, company still in the red but that's to be expected
really. Over 1M shares traded today but no price movement.

RRS still in the blue, but has dropped back a fraction - miles too
cheap right now IMHO.

(non of the above are recomendations, DYOR, yack,yack, etc etc!)
:>)

As a newbie, I am more than a little surprised to see no threads on this excellent mining company for about a year ...... Laregest gold producer in Russia; excellent management with more than proven track record ...... Having suffered a recent but very temporary setback, sp has rocketed in the last week but there may still be more to go for ...... Results are due within the next fortnight

Gold is still on a stroong upward trend ...... POG is still by far the cheapest producer in the world at $133 per ounce of gold ...... the great unknown and potential problem is that all their assets are based in Russia and thus very susceptible to vagaries and greed of the powers that be ..... for all the peter hambro and his family have a long history of working closely with the assorted russian governments and i would be surprised if the "upset" of the other day ultimately had long term implications.

Chart below is now of debatable value as sp has plummeted through all dma trends ..... on the other hand, it could be argued that there is at least a fast buck to be made on the rebound.




black = 200 dma
red = 50 dma
green = 25 dma

nice to call one right for a change ...... until all goes pear-shaped later in the day!!

well i hope some of you guys followed my advice ...... been in; now out and thank you very much indeed says the bank manager! ...... if sp falls back again, could well buy once more

cynic, well done old chap.

I take it you bought before the rebound?

bought at 969 (bottom was 946); sold at 1030 (top was close to 1050)

not too happy to see the chart forming a dead cross at about 1150 ..... and don't forget the overhanging issue of unknown reality of licencing objections ...... however, sp is beginning to look oversold again ...... well worth watching and perhaps a little dabble

i did (992) and still not too late tho now 1017 ..... rsi is still <40

sorry chaps ... looks like a wrong call ..... no news and sharp fall may be just general unease following Shell/Sakhalin story ..... on the other hand, it may be that the Russkies are cooking up a more serious story re POG's licencing "misdemeanours" so they can steal the assets ...... have cut my losses but will continue to watch

heads up: RTRS - Russian Agency to check ALL of POG's licenses. Sorry to be the bearer of bad news.

am already out .... took my own advice for a change and took the hit at 889 when sp looked sour for no obvious reason

Just tore thru the 800 mark without even touching the sides ... maybe the writing's on the wall for investing in ANY remotely-Russian-related resources (took a hit on Oxus for the same reason) ... looks like a general land grab to me.

didn't have the balls to short, but never mind ..... did not even have "known reason" when i cut

RTRS just out - they're going to do a Shell/Sakhalin job on POG - meeting today to "define options for possible cooperation btween Rosprirodnadzor and Peter Hambro Mining".

no surprise there, though i guess that explains the partial recovery in POG ..... however, all POG's assets are in Russia and any deal (odds on there being one) cannot be exactly advantageous to POG - i.e. i personally see no reason why recovery should continue; indeed prob the opposite

despite yesterday's massive recovery, it is with regret that my view is that this intrinsically excellent company's shares should be avoided at least until the extent of Russian greed is truly determined.