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

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.