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

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

Thanks for that jkd... im blushing.

Market in geeneral looks a bit gloomy at the moment.

Hoping the Yanks perk us up.

Might be able to get a few HGM today on the cheap which would be nice.

First target 112p.

http://www.cambridge-news.co.uk/cn_business_columnists_punter/displayarticle.asp?id=455477

Private Punter - October 13
WHILE the Chancellor-in-waiting delivered something of a sobering speech last week, various sectors on the stock market reacted by moving in different directions.

The main forward drivers, which culminated in a positive end to the week for blue chip stocks, came predominantly from oil, gas and mining companies, where some recent lost ground was clawed back.

Lower down in these sectors, some smaller players also attracted buyers, particularly those with gold interests on the back of a sustained recovery in the price of the metal.

One company in particular has caught my eye and, despite shares having already jumped from 60p to a current 95p in the last six weeks, I believe there could be much more upside to come.

While many junior miners and explorers are bereft of achieving substantial production through lack of funds, Highland Gold by contrast appears to be an exception to rule.

With a current market capital of 300m, Highland has seen its income grow rapidly in recent years, jumping from 42m in 2004 to last year's impressive 103m. In addition, the recent interim results were upbeat while the strong balance sheet is supported by 118m in cash. Given what appears to be such a fast-growing company that is adequately funded, one might ask the question why the shares are substantially below their 3.30 peak achieved some three years back.

The answer to this most likely lies in the fact that Highland's operations and assets are located deep in the easternmost reaches of Russia.

Seasoned investors will always be wary of the region, particularly as a number of other listed companies have endured challenges to the legitimacy of their assets. Here, Highland has to a degree been no different, having had its own personal spats with the Russian regulators a few years back. But any problems appeared to have been ironed out and the company has already witnessed a 14% jump in gold production at its Mnogovershinnoye Mine for the first six months of the year, which saw some 78,000oz of gold produced. While Mnogovershinnoye is currently its principal producing operation, Highland has recently commissioned its second project, the Novo mine, which although jointly owned, should generate strong returns.

The mine is expected to produce over 1.5m ounces of gold over its lifetime and will initially provide some 38,000oz along with 750,000oz of silver as well as a substantial amount of zinc concentrate.

However, the potential upside does not stop here as the proven gold-producing Taseevskoye mine is yet to come along with several other exploration areas. The most promising of these may well be the Unkurtash project which has substantial estimated reserves of more than 5m ounces of gold.

Although Highland, with its head office based in Jersey, appears to be at the much riskier end of investing, it could well deliver significant returns in the coming years. Interestingly, there are some punchy investors on board here including Standard Life, which has a 3.5% holding, although that was diluted down from 8% a couple of years back.

This arose when Roman Abramovich, better known for his interests in Chelsea Football Club, acquired a substantial stake at 1.60 per share via his investment vehicle Millhouse. That set him back around 200m for a 33% holding and he is closely followed by the major Canadian mining company, Barrick Corp, which sits on 20% of Highland.

seems to have been trading in a sideways range since oct.But with an upward bias. looks as if it is now attempting a "break out" from the range. may or may not.it does look to me as that range may prove to be accumulation rather than distribution. i would however like to see an increase in volume before feeling confident enough to add more. we could get a double top.
as always just my opinion and please dyor
regards
jkd

or even a thick lip or a large bottom

cynic
no thick lip if read between lines and do own research but nice large comfortable bottom if do same. dump the wronguns quick and hold on to the gooduns.this stock is currently good for those that use "tactics" or have a plan. how many of us do either or both i wonder.would you prefer it if i spelt it out? my entry point plus my stop loss level?
i was just bringing it back to the attention of the board readers, After some time of absence i thought it might now be at an interesting level.
regards to you
jkd

Barrick Corps holding of 20% is in itself quite interesting JkD./ lts rise was truly phenomanol /an absolute joyride reg.capital growth........l have forgotton the precise stats but had you invested a mere 1k in the late 80s youd be a millionaire today - something quite remarkable like that.......Now Barricks have illustrated over the years a remarkable record in picking winners with high returns Reknowned for poaching top drawer geologists-- and lets not forget all mining outfits are initially only as good as their geologists. lt is no co-incidence that the best of the crop discover not one or two top class prospects but do it consistantly. . As Reg. HGM - Lets face it; ( i)they have some very juicy prospects .World class. (ii)Fundementals are rock solid.T/O and profit up dramatically . Accounts show strong cash flow coupled with low gearing .Growth can be achieved organically or by acquisition .And to be honest; Fundementals mean a lot more to me than any chart.( iii) They have a powerhouse of a board . ( iv) Top drawer geologists ,And some equally powerful backers . Of course charts have their place and chartwise .JKD is right, as always 8-)) in suggesting 103p could be a double top- chart even has identical 10 and 30 day mda convergence @ 80p immediately following a 20% fall to what appears a solid bottom at this 80p level .Volume is hardly inspiring .lt picked up a little last october but is rather thin of late.l would prefer higher volume giving a bit of beef to what is currently skelatol . Some would argue the 80p support level is soft and mushy looking at a longer term 2 or 3 year chart but pre crash charts only add to murkying the water. - Now is now and 80p is where id have to try and be brave and call a support level.......ld like to be in play ideally at that level so i guess its wait and see...........double top and i will look for 80 but wont mind paying up to 85 .....lf it can maintain above 100p for ten consecutive days id like to think i would review whole stratagy but if im honest i would probably be tempted to dip a toe. .................................But what with the bigger picture of the club med economies looking grim ( UK, France,Germany not much better ) and with the IMF hovering and with both stg and the euro being somewhat hammered, gold has to be a temptation once again. Already hold POG and CEY and busily looking for one more to hold a triumvirate of players in vaying degrees of development. Long term . A success story. {) Barring of course Putins regs. damned meddling and settling of old and new scores by economic means }. Very exiting times ahead with sufficient monies to finance an extensive programme of exploration and/ or buy in on highly rewarding prospects.

Despite a re-rating from Arbuthnots from BUY to NEUTRAL with a target of 90p HGM powered on to 110p mid on news of first shipment of concentrate from Novo mine. Volume was derisory,however, a mere 520,000 ( approx ). Bit to heady for me currently.

TFC
i really dont think its coming back to that 80p solid support level that you mention, although it might,and by which time i shall be long gone
(long gone?;-)) and also ready to buy again.( much has happened since 1st march)
regards
jkd
edit and addendum, it is looking toppy to me but i am still holding with protective stop.

yet another one i have been stopped out of half my position on friday, have banked a profit. still holding other half and it is still in profit , not sure for how long though.
regards
jkd
edit , that is not not sure how long still in profit, but not sure how long i will hold before taking that profit, i want to be in a position to buy back in if it continues to fall.