goldfinger
- 06 Aug 2004 16:15
goldfinger
- 03 Mar 2009 15:09
- 652 of 2076
Nope but theres a group of very smart traders of forex on sharecrazy were Ive been learning a lot by the day just picking up on there comments.
Have you got a link to Lee's summaries?.
I now like the look of the housing sector (hosuehold goods) but RB. and aga seem to put a spoke in the works everytime it looks horny.
cynic
- 03 Mar 2009 15:37
- 653 of 2076
he just sends them to me
HARRYCAT
- 06 Mar 2009 09:41
- 654 of 2076
MoneyAM
"Peter Hambro Mining said today the group's total attributable gold production for 2008 was 393,600oz, up by 36% on the 2007 number. Production is forecasted to grow strongly in 2009 to between 460,000oz and 510,000oz.
There are two production plan development scenarios for the period of 2010 to 2012:-
The low case scenario anticipates production of 685,000oz in 2010, 793,000 oz in 2011 and 855,000oz in 2012;
The high case scenario where projects are accelerated anticipates production of 769,000oz in 2010, 903,000oz in 2011 and 1,021,000oz in 2012 and correspondingly accelerated capital expenditure;
Peter Hambro said drivers of production growth are expected to include the ramp up of the high grade Pioneer project, with produced grades at Andreevskaya significantly in excess of estimates.
Five additional projects are to be put in production within 3-5 years. These projects are Zeltunak, Tokur, Aprelskaya, Yamal and Osipkan, of which the latter three are the most promising.
The group said it remains one of the world's lowest cost producers at $215/oz in H1 2008;
Going forward, recent rouble devaluation, falling input costs and increasing production are expected to offset the effects of Russian inflation, the group added. "
cynic
- 06 Mar 2009 09:53
- 655 of 2076
all the more reason to by ORE then!
goldfinger
- 06 Mar 2009 15:31
- 656 of 2076
Loads err money cyners......... smirking.
cynic
- 06 Mar 2009 16:17
- 657 of 2076
been buying ORE then?
kimoldfield
- 06 Mar 2009 16:26
- 658 of 2076
Drat! Been out most of the day, missed that rise!
goldfinger
- 08 Mar 2009 03:14
- 659 of 2076
from mid Friday.....
From Fairfax,
Peter Hambro Mining (POG LN) price 480p, Target 900p/s Strong growth profile for low cost gold production
Production is forecast to rise to between 460,000 510,000oz this year
Production could rise to:
2008 393,600oz*
2009 - 460,000oz 510,000oz
2010 - 685,000oz 769,000oz
2011 - 793,000oz 903,000oz
2012 - 855,000oz 1,021,000oz
*The 2008 production numbers were initially published on 26th January in the 2008 Trading statement
Key production growth drivers:
Pioneer project ramp-up with higher grades coming from ore columns
Malomir quartzite oxide zone to start early
New Albyn mining project to start in 2012
We see the publication of todays production review as an important step in generating confidence in the companys future production plans.
We expect the stock to re-rate, now that the company has significant cash reserves
We expect the company to move to the official list following its acquisition of Aricom
We then expect the company to rank alongside Randgold resources in its rating. Randgold Resources is now a FTSE 100 company with gold production forecast at just under 800,000ozs for 2011 and 2012. This does not include potential new production from the Massawa discovery in Senegal.
We continue to recommend Peter Hambro Mining shares. We feel the share could easily rate back over 900p per share during the course of this year.
chessplayer
- 08 Mar 2009 14:55
- 660 of 2076
Sounds promising,a near doubling of gold production over the next 2 years,combined with projected large increases in gold price.
I expect that some stability in the Russian stock market when it comes will also be a big boost.
chessplayer
- 10 Mar 2009 07:24
- 661 of 2076
Another point worth note; the gold price has been on a steady uptrend since mid November and has kept above all the moving averages (50,100,and 200 day)
cynic
- 10 Mar 2009 07:50
- 662 of 2076
CP .... can you put up a decent bullion chart covering say the last 6 months? .... digit's Kitco chart is not much help!
cynic
- 10 Mar 2009 08:10
- 663 of 2076
GOLD CHART
Have just been looking at the weekly IG chart, which is unfortunately not copyable ..... this goes back to May 2006, and if their DMAs are to be trusted, gold has been on the rise since then, with a sharp "blip" between July and December 2008 ...... the 200 dma is bnot shown, but is assuredly below the 100, which in turn is below both 50 and 20 day ...... it follows that 20 dma at $867 should/may provide support if the upward trend (currently $912) is not renewed before then
chessplayer
- 10 Mar 2009 08:20
- 664 of 2076
Cynic. I don't seem to be able to copy chart.
Check out Ino Foreign Exchane- Gold Spot should do the trick.
cynic
- 10 Mar 2009 08:22
- 665 of 2076
IG is OK for me, but as you said, no decent copyable charts
HARRYCAT
- 10 Mar 2009 08:26
- 666 of 2076
In the Traders room there is an 'Oil news flow' BB (Ticker OIL) with a 1 year Gold bullion chart from kitco. Maybe that is copyable? Or the source traceable.
HARRYCAT
- 10 Mar 2009 14:35
- 667 of 2076
I am surprised that gold is now testing the $900 level again. I thought the consensus was that the upper level of $1000 was to be tested for a breakout above. Watching $867 with interest.
cynic
- 10 Mar 2009 14:44
- 668 of 2076
consensus of whom?
i would not be at all surprised to see gold go above $1000 in due course, but i also warned that $1000 would present quite a hurdle
HARRYCAT
- 10 Mar 2009 16:22
- 669 of 2076
Consensus of 'Experts, Analysts, Press, Brokers & BB posters'. Most seem to be of the opinion that gold will go over $1000/oz sometime soon (maybe the same people who predicted oil at $200 pb)!
Gold now $893, which could be a good opportunity to pick up stock in those companies which are highly geared to the gold price? (RRS etc)
goldfinger
- 10 Mar 2009 16:34
- 670 of 2076
think Ill short POG tomorrow.
cynic
- 10 Mar 2009 16:49
- 671 of 2076
digit .... as you may have noticed, POG sp and bullion price do not necessarily walk hand in hand - be careful
might make more sense to watch for further bullion weakness and BUY a position there