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

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