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

cheers GF.

Shorting it at 340p so hes well out of pocket at the moment.

I'm out for now with the gold price fall..I will buy back in 2 weeks time.

i too am out for now, having sold at 420 some time this morning for a small but nevertheless welcome profit

Back to 390p at close thats a lucky escape for me..!

Let me know when you buy in again.

why on earth would you trust anything i do?

i got out at 420 because gold price had dropped quite a lot and POG had had a good run so no immediate reason for it to keep going north

I dont trust anyone cynic.

Statement re Possible Offer

"Aricom plc ('Aricom' or the 'Company') notes the recent share price movement and confirms that it is in preliminary discussions with Peter Hambro Mining Plc ('Peter Hambro') which may or may not lead to an all share offer being made for the Company at a substantial premium to the current share price.

There is no certainty that any offer will be forthcoming. A further announcement will be made in due course as appropriate."

POG spiked to 440p on the news.

Peter Hambro Mining - statement regarding possible offer for Aricom

Peter Hambro Mining Plc ('Peter Hambro Mining') notes the announcement made today by Aricom plc ('Aricom') confirming that it is in preliminary discussions with Peter Hambro Mining which may or may not lead to an all share offer being made by Peter Hambro Mining for Aricom.

Peter Hambro Mining confirms that it is in preliminary discussions with Aricom regarding a possible offer by Peter Hambro Mining for the entire issued share capital of Aricom. The consideration for any such offer would comprise shares in Peter Hambro Mining. The discussions are at a very preliminary stage and there is no certainty that any offer will be made or, if such an offer is forthcoming, the terms of such offer."

I think I am correct in saying that POG is run by the father & ORE is run by the son.
Smoke & mirrors spring to mind!!!

Correct Harry.

Down 20p at 360p the market is a bad mood right now .

Bought back in again on the SP of gold rising and looking very strong with currencies looking weak and recession hitting the UK and the rest of the world.

Recent broker recos-

Peter Hambro Mining PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)


Investec Securities
20-01-09 BUY 48.92 39.94 17.84 85.83 70.06 17.84

Arbuthnot Securities
21-01-09 NEUT 55.14 47.57 7.49 121.89 99.17 7.49

Worth waiting to see what happens with the ORE deal, imo. If ORE shares become POG shares, the ratio will be critical. POG then becomes an iron ore producer, which in today's market is not great news, but when Far Eastern economies pick up again, will stand POG in good stead.

Rising sp of gold should underpin sp for a while not forgetting its one of the lowest cost producers around.

Gold moving up very strongly....

http://www.kitco.com/images/live/gold.gif

http://www.reuters.com/article/marketsNews/idAFLN4501620090123?rpc=44

Ideally set up for monday now.

Gold gone over $900..

http://www.bloomberg.com/apps/news?pid=20601012&sid=aNEEeJPVd7uc&refer=commodities