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

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.

i'm still holding. havn't topped up yet but still looking for opportunity to do so
as always just my opinion and please always DYOR
regards
jkd

Thanks jkd, I'm with you on this one, it's a good un, just topped up now watch it plummet :o)

Probably one of the best gold shares around.

Brilliant Run!

Certainly is.

One of the best charts I've seen for a while..thanks gf.

Whilst not my biggest holding in number of shares physically held;t this is my biggest investment in fiscal terms ..lncidentally JKD; your call was quite correct in that i didnt get a sniff at anywhere near my desired entry level of 80p /..ended up begrudgingly (at the time ) paying 122p and adding @ 135. 142, and 158,,,,,,,,,but it is one of those core porfolio stocks that allows peace of mind and a sound sleep at nights for which i dont mind paying a premium .....ln light of coorperate developments within the company itself and what with recent explosion in s/ps of so many junior / micro gold stocks - many of which are utter dross - coupled with QE 2 in USA and resulting dilution of the $ , i fully anticipate a good return here / entertain great hope for this stock what with a Vienese banking house talking of gold trading at over $3000 ,,,,,gulp ....lncidentally anyone interested in holding physical gold i would reckie PHAU which tracks the yellow metals spot price / l hold a few myself ..... .........

T
i still havent added to/ reinstated my 50% holding yet.nice to see you took the plunge.closing price as at date of your post was 195sh. so it's nice to see you are now well in profit.all the levels you bought at are clearly defined as "good" buying levels. in hindsight that is. well done.your timing is much better than mine because i havnt yet bought back in. just holding.but then i try to deal and post in a more real time.
PHAU? is that a ramp-;)
regards and good luck to you.
regards
jkd

mais moi ? ramping ? non non ...You are such a cynic JKD ..:-) but not without good reason when considering some of the flagrant skullduggery that occurs on these very BBS ........i fully agree it is not difficult to trade in hindsight; and,as such,to avoid such an accusation , i usually do declare positions opened at the very time of having done so .This fact can be bourne out if you care to check out other stocks - COV, NYO, AMER,CEY, AFR ( which thread i initiated @ 39p ) XEL,PAL,and a host of others ,,,,ect ect .....l have meant on many an occassion to post positions opened reg. HGM but the thread seems to attract such a dearth of interest,i thought it would only fall on deaf ears anyway . Furthermore i have made many references on other threads to having opened positions in HGM at prices quoted in previous post on here ..........At the end of the day JKD : Whose kidding who in lying reg. positions opened ?. l am not that desperate for gratification ;and what with the worst form of deception being self deception l would find very little satisfaction in stipulating i had opened positions that proved untrue. .............Anyway wishing you all the very best in your own trading/investing endeavours / always a pleasure to read your contributions on AM .... bonne chance /a'bientot mon pote............@+ ..J