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

cheers GF.

Gone back in long.

SP fall on profit taking looks overdone.

you may find the chart on post 16 useful ..... POG is always a bit lively, but 300 may be back on the cards before a bounce, or even 250ish, where sp would hit 25 dma

Cheers cyners much appreciated.

Might have timed this one wrong then but if the so called experts are right Gold sp should look after the marginal players.

POG sure ain't marginal, as i am sure you know

Yep, sorry for giving wrong impression there and its not come out in full my prev post (had a long day or a computer glich). POG one of the cheapest extractors world wide.

New RNS out.

RNS Number : 2009J
Peter Hambro Mining PLC
28 November 2008






28 November 2008










Director's Dealings


Peter Hambro Mining PLC announces that it has been informed by Mr. Peter Hambro, Executive Chairman, and Dr. Pavel Maslovskiy, Deputy Chairman that, on 27th November 2008, companies associated with them purchased USD 4,000,000 nominal of the Company's 7.125 per cent. Guaranteed Convertible Bonds due 2010 ('the Bonds') at a price of USD 58.00 inclusive of accrued interest.

During the course of the last week, Peter Hambro, Pavel Maslovskiy, their associated companies and the managers of Peter Hambro's pension fund have, in aggregate, purchased USD 14,400,000 nominal of the Bonds.

The purchase does not affect the current equity shareholding of Peter Hambro and his associates in the Company, which remains at 5,283,179 shares, representing 6.51% of the issued share capital of the Company nor of Dr. Pavel Maslovskiy and his associates which remains at 14,960,787 shares representing 18.43% of the issued share capital.





Enquiries:




Peter Hambro Mining Plc

Mini rally at the end left me down only 16 (today). Was going at 15 a point dont know where other quids come from. Might be MMs xmas tip.

Great week from this one.

made and banked a small profit here yesterday, but was too slow on the initial surge .... never mind ..... it's the BIG surge on IEC that i wait for and hopefully not in vain!

IEC, ill have a look, cheers cyners.

Imperial.... whats your bull take on that then cyners? or are you short,i havent researched that one.

no .... def long ..... agreed bid at 12.50, but shares languishing at 10.00 .... docs are meant to go out to shareholders 9 December, but completion is now said to be June 2009, which is 3/4 months later than originally anticipated .... no obvious reason or even cause for concern, but unsettling

Hmmm, yes would agree.

Wonder what the legal take is on this deal. Going to have a good look.

Have a good weekend and dont drink as much as i will. Laugh.

Heres a similar one cyners, Lucian M is Evils sidekick and is pretty good...

The Bard of the Boleyn Is Hunting for a Bargain

Hunting PLC at 382p has a market cap of 500 million. The company has two divisions: firstly Gibson Energy, Canadas largest mid stream oil company (mid stream links upstream which is production and downstream which is refining i.e. it is involved in transportation, storage, pipelines etc.) Secondly it has Hunting Energy Services which provides services to major upstream oil companies (well construction: that sort of thing)

The investment case for Hunting is straight forward. In August it announced the sale of Gibson to Riverstone holdings, a large private equity group for 600 million. This would leave it with 400 million net cash (300p per share) and Hunting Energy Services which is forecast to make 43p of earnings in 2009.

Put another way Riverstone is paying Hunting aproximately 450p per share for Gibson and it will still be left with a debt free profitable business. So whats the catch I hear you ask? The catch is that Riverstone may walk away from the deal which was struck with oil at $140 per barrel against todays $52pb. Against this however is the fact that it has paid Hunting 50 million upfront which will not be refunded if the deal fails . Furthermore the company announced on 3rd November Hunting and Riverstone are working together towards completion of the disposal of Gibson Energy in early December 2008

In my opinion three things can happen in early December. One the company announces the completion of the disposal . Two it announces a date for completion of the disposal. Three it announces the deal is off. If one the shareprice rockets: two it goes up a fair bit, three it falls but given that the price is already discounting the deal fails, the fall should be short lived and investors are left with a bombed out Oil services play. Given that there is a good chance the deal goes through, the present price gives punters a chance to invest in a first class debt free oil services group for next to nothing.

Bear raiding prodigy Lucian Miers is the Bard of the Boleyn

Posted by Lucian Miers on Tue Nov 25, 04:52 PM in Comment

I have a funny feeling the Bombay attacks are just the beginning and there will be more in coming months.

Hi, mitzy.

hows this involved other than general sentimrent?.

Think I know were you are coming from though.

Anybody any idea what the buy tip in shares said??????????????????????????

Wow thats a big fall..

not really .... have a look back at the chart and you will see how lively this share is at most times, and from how low it has recently risen

EK has opened a short position.

he may not be wrong, isnofar as bullion has suddenly dropped $35 for no obvious reason, with POG (and others?) not really reacting to same

Surely there's an obvious reason? If we're heading for deflation, then holding an inflation hedge (gold) doesn't really make much sense. Not that anything makes much sense in these markets at the moment!

In my opinion.

Strawbs.