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

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

Highland Gold reveals positive results at exploration projects


Highland Gold Mining has announced positive exploration results from its Mnogovershinnoye, Unkurtash, Lyubov and Blagodatnoye properties.

It said Mnogovershinnoye - the company's main producing mine - achieved encouraging results from a near-mine exploration programme intended to discover additional reserves for open-pit exploitation over the short term.

The focus in 2010 has been on surface exploration which includes more than 6,200 metres being drilled at four exploration targets, Pebble (Valunistoye), Pebble (Valunistoye) north east extension, Quiet (Tikhoye) and Upper (Verkhnoye), within the licence area.

Pit optimisation is now under way at the Pebble (Valunistoye) prospect which is part of the 2 kilometre long Quiet (Tikhoye) - Pebble zone estimated to host 190,000 oz of gold contained in open-pit mineable ore grading between 3.0 - 5.0 g/t.

At Unkurtash (Kyrgyzstan) a preliminary application for registration of (C1+C2) category reserves of 1.71 million oz is scheduled for submission to the State Committee on Reserves of the Kyrgyz Republic (GKZ) prior to the year-end 2010 and represents a major step towards future mine development.

The initial audit in compliance with JORC standards is planned to be completed by mid-2011.

At Lyubov, 12,000 metres of resource definition drilling has been completed, targeting stockwork-type gold mineralisation hosted within the Evgraf granitic stock and its surrounding shales.

The objective of this drilling programme was to increase the C1+C2 reserves potential through conversion of adjacent prognostic P1 resources.

At Blagodatnoye - which was acquired in Q1 2010 and is located in strategic proximity to Belaya Gora - a resampling programme of 200 metres of old trench workings within a 200 x 500 metres zone has been completed.

Blagodatnoye has a reported prognostic resource estimate of 161,000 oz of gold and features stockwork-type gold mineralisation with reported average gold grades in the range of 1.5-2.0 g/t.

The resampling returned overall positive results, which defined several continuous intercepts of gold mineralisation.

The results underscore the company's expectation that it will be able to increase the reported mineral resource

HIGHLIGHTS

Financial:

Group gross profit of US$43.2 million, a 50.6% increase compared to H1 2009 (US$28.7 million).
In spite of a stronger rouble total cash costs at MNV were contained and amounted to US$489/oz (H1 2009: US$478/oz)
Group EBITDA increased by 71.3% to US$46.7 million (H1 2009: US$27.3 million)
Cash, short term deposits and bonds at 30 June 2010 were US$216.5 million


Producing Mines:

Mnogovershinnoye ("MNV") and Novoshirokinskoye ("Novo") (48.3% HGML share) combined produced 85,789 oz of gold and gold equivalents - a 9.4% increase on H1 2009 production
After first shipments of concentrate in February 2010, Novo continues to ramp up mining and processing levels
Company remains on track to produce 200,000 - 210,000 oz of gold and gold equivalents in 2010


Development Sites:

Preparation of open pit production at Belaya Gora remains on track to mine and deliver near surface oxide ore
Taseevskoye metallurgical pilot test works are ongoing


Exploration:

Exploration drill works at Unkurtash continue to return positive drill intercepts and increase confidence for a substantial size deposit
Exploration drill works at Lyubov extended to accelerate project towards reserve registration
Purchase of the Blagodatnoye exploration property increases the mining potential in the Khabarovsk region
Purchase of Belaya Gora Flanks exploration property adds near-mine exploration potential for the operation

Highland Gold expects output to rise after 23% increase


Highland Gold's output rose 23% in 2010 and it forecasts a further increase this year.

The firm said it met its 2010 production guidance by producing 200,028 oz of gold and gold equivalents from Mnogovershinnoye, Novoshirokinskoye (48.3%) and its newly commissioned third mine, Belaya Gora - a 23% increase year-on-year.

Production in 2011 (MNV, Novo and Belaya Gora) is forecast in the range of 210,000-220,000 oz of gold and gold equivalents.

im still holding my 50% and havent added or reinstated yet. didnt sell at 200 top unfortunately. how was i to know?
anyway price is now getting close to my long term(at the time) stop loss level, so it looks like i may either be stopped out, or if it holds good will shortly be reinstating.
i dont know which way it will go, so just watching and waiting to react according to what price movement indicates.
please all dyor and good luck
regards
jkd
edit stop loss level in reality is stop loss of diminishing profits i.e. sell at profit before it disappears altogether. plus my looking to reinstate my positition would be averaging UP should it happen, as i have already banked a nice profit on the other 50% i never average down.

Looking cheap now... Buy at 149p.