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

cheers GF.

next stop for gold 885? could keep going down to 850 before it turns up, almost seems that the market (whoever that may be JPM and HSBC according to some) is determined to get there before having a look for new highs.

There does seem to be an element of truth in the market manipulation conspiracy if you believe everything you read, there was alot on this on goldseek.com over the weekend.

I'm hedging at the moment

It looks to me like $900 will be the key number to watch for if the 6 month uptrend is to be held.

holding well with support from 900-920, resistance at 930-60, but getting challenged this week.

are these going down hill because price of gold dropping or something to do with the ORE deal?

I think the ORE deal may not be executed at the right time. Analysts say they see little value for shareholders after Russia's No.2 gold producer makes all-share offer for Aricom. Arbuthnot says in a note: 'We see the value in the acquisition of Aricom as just representing cash, as we expect few investors will attribute much value to the group in the current climate.' Citigroup says it expects minimal earnings contribution from Aricom given its negative outlook for iron ore and steel, while the deal will significantly dilute Peter Hambro Mining shareholders based on the exchange ratio.

POG is now 415p. It will drop from this level now.

455p already, another bad prediction justyi, u must be losing a fortune

Any idea when the integration with Aricom is due to take place?

See post #706.

People buying in before the 22nd, looks that way to me.

Hmmmmmmmmmmmmm wonder if this is one to get stuck into.

difficult call ..... ORE is still arguably the better way in

Yep will be interesting to watch as we get nearer the deadline.

justyi has this for LESS THAN 400P.......HAHA, WHAT A LOSER

Marni,
How can you post on another thread to stop inane banter and then post your last?

bb's are for discussions, inane or otherwise, and a precursor for proper research [not instead of].
I for one, prefer proper discussions and ignore inane banter except for those threads which are so designated and then i try and join in with the best of them.

Each to their own i say

Alex

taken the words from mouth, or off my fingers anyway

i do notice however several posters on certain threads who seem to be on this 24/7.......they must be terribly sad people who need help.

ok, i wont say another word on the matter

nor make inane comment i trust, having made silly noises elsewhere about same

POG looks interesting ahead of done deal on the 22nd of this month.....

Gone in and bought, ML tend to be one of the better brokers.

Peter Hambro Mining upgraded to buy from neutral at BoA-Merrill Lynch, target price rising to 850p from 620p.

ML note.....

Upgrade to BUY, we are bullish on gold
We upgrade Peter Hambro Mining (POG) to BUY, setting a new price objective of
GBp850, 1.5x our estimated post-Aricom merger NPV/share. This P/NPV
multiple is still a discount to gold-producing peers, which trade on 2-3x NPV.
Gold has pulled back from recent highs, presenting an interesting entry point into gold equities, in our opinion.

Our commodity strategist, Francisco Blanch,
believes that gold could touch US$1500/oz on a three-year view.

Aricom merger expected to complete late April
Shareholders of both Peter Hambro and Aricom (ORE, not covered) have voted to
approve the proposed merger, whereby ORE shareholders receive 1 POG share
for every 16 ORE shares held. We understand that the proposed transaction is
now subject only to court approval, which is expected around April 22nd. While we think the transaction is NPV dilutive, it does resolve POGs financing issues
related to potential redemption of its gold convertible bond and its capex plans.

POG to trade on main board = 9.5 days trading volumes
POG targets a move to the main board (from AIM) around the same time as the
completion of the shareholder-approved merger with Aricom. Our index group
suggests that index trackers could need to buy 8mn shares (based on a free-float
factor of 100%, which it uses in the AIM All Share Index), or 9.5 days volume. We believe that this could be quite supportive for the shares.

Changes to earnings: 2009E EPS -12%, 2010E EPS +2%
We incorporate new production targets per POGs recent presentation to analysts.
To be conservative, we have assumed the bottom end of the companys
production guidance. 2009E EPS -12% to US$1.81/sh. 2010E EPS +2% to
US$3.06/sh. To be clear, we will not factor Aricom into our model until the deal
completes. We see the deal as approximately 24% NPV dilutive.
Upgrade to BUY, we are bullish on gold
We upgrade Peter Hambro Mining (POG) to BUY, setting a new price objective of
GBp850, 1.5x our estimated post-Aricom merger NPV/share. This P/NPV
multiple is still a discount to gold-producing peers, which trade on 2-3x NPV.
Gold has pulled back from recent highs, presenting an interesting entry point into gold equities, in our opinion.

Our commodity strategist, Francisco Blanch,
believes that gold could touch US$1500/oz on a three-year view.

Aricom merger expected to complete late April
Shareholders of both Peter Hambro and Aricom (ORE, not covered) have voted to
approve the proposed merger, whereby ORE shareholders receive 1 POG share
for every 16 ORE shares held. We understand that the proposed transaction is
now subject only to court approval, which is expected around April 22nd. While we think the transaction is NPV dilutive, it does resolve POGs financing issues
related to potential redemption of its gold convertible bond and its capex plans.

POG to trade on main board = 9.5 days trading volumes
POG targets a move to the main board (from AIM) around the same time as the
completion of the shareholder-approved merger with Aricom. Our index group
suggests that index trackers could need to buy 8mn shares (based on a free-float
factor of 100%, which it uses in the AIM All Share Index), or 9.5 days volume. We believe that this could be quite supportive for the shares.

Changes to earnings: 2009E EPS -12%, 2010E EPS +2%
We incorporate new production targets per POGs recent presentation to analysts.
To be conservative, we have assumed the bottom end of the companys
production guidance. 2009E EPS -12% to US$1.81/sh. 2010E EPS +2% to
US$3.06/sh. To be clear, we will not factor Aricom into our model until the deal
completes. We see the deal as approximately 24% NPV dilutive.

Buy note out from Investec yesterday aswell...

Peter Hambro Mining PLC

FORECASTS
2008 2009

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

Investec Securities
15-04-09 BUY 68.41 55.84 16.15 93.26 63.59 16.15

for the first time in a year, the chart is challenging 200 dma, but even a year ago, it did not stay above this level for very long ...... watch carefully, as i shall do, to see what happens next and whether any action should be taken on current long positions either in POG or ORE