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

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?