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

cheers GF.

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

Yes good point cyners.

Peter Hambro outlook shines
By Bryce Elder and Neil Hume

Published: April 16 2009 03:00 | Last updated: April 16 2009 03:00

Peter Hambro Mining hit a three-month high after an upgrade from Merrill Lynch.

The gold miner rose 10.9 per cent to 546p after Merrill said the shares were trading at a sharp discount to peers. Moving to a "buy" rating, the broker also forecast that tracker funds would be required to pick up around 8m shares when Hambro completes a planned move from Aim to the main list.

http://www.ft.com/cms/s/0/538045e2-2a1d-11de-9d01-00144feabdc0.html?ftcamp=rss

MoneyAM
"Peter Hambro Mining said this morning that underlying EBITDA for the year ended 31st December 2008 was $136m, an increase of 53% compared to the previous year. Operating profit increased by 7% to $87m over the same period.

In 2008, the Group's average realised gold sales price of $845/oz was 27% higher than the $668/oz achieved in 2007;

The Group's underlying profit from gold mining operations for 2008 increased by 60% to around $145m, compared with $91m for the year ended 31st December 2007.

Reported earnings per share of $0.271 for 2008 decreased 43% compared to earnings per share of $0.476 in 2007 due to a $45m increase in non-cash items and a $53m increase in other costs.

The increase in non-cash items comprised a $32m increase in foreign exchange losses, a $6m increase in the loss on the fair value change in derivative financial instruments, and a $7m higher depreciation charge.

The increases in other costs are mainly due to higher staff costs, resulting in an additional cost of $27m in 2008 (due to a 31% increase in wages and salaries as a result of wage inflation and expansion) and $18m of additional financing costs primarily due to the issue of $180m Gold Exchangeable Bonds in October 2007 and increased cost and level of bank financing.

Royalties paid by the Group increased by $8m due to the higher gold price and the higher number of ounces sold, and also contributed to the increase in other costs.

Peter Hambro, Executive Chairman, said: 'Against the back drop of the global financial and economic downturn, 2008 was nevertheless a year of progress for the Group, thanks to strong operational performance and, to some extent, the higher price of gold.

A revenue increase in 2008 of 69% to $382m resulting from a production increase of gold shows the strength of the Group's economic success and supports the likelihood of achieving next the next financial year's target production growth.' "

Not well received by the market. Glad I locked-in my profits when I did.