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

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.

When Greece goes down, gold will rise.

i don't think greece will be allowed to default as the reverberations will horrendous and seriously jeopardise the economic recovery already gently under way in the rest of the world ..... and even if gold does rise, that does not necessarily mean that the miners will rise in sympathy - would that life were that simple

re instated just the 50% long today.
could be wrong. as always please dyor.
regards
jkd

Paul Hill made a bold prediction in his Precision Guided Investments newsletter this week. He thinks Greece is going down.

Some time this year, after the markets close on a Friday night, therell be a conference call between all the 17 member states. The European Central Bank will announce that Greece has defaulted on its debts, and will refuse to lend it anymore funds. The ECB will then flood the whole financial system with liquidity in an effort to prevent contagion.

But the Greek government will be left staring into the abyss. The new drachma will go into freefall - immediately causing its own banks to collapse and plunge the country into depression.

The Prime Minister will be forced to introduce emergency controls over capital flows and currency conversion - locking down its domestic banks. Any foreign depositors caught in the crossfire will be toast. They'll see their savings frozen and then partially wiped out as the accounts are converted into drachma. A similar fate could befall those foreigners owning property, such as holiday homes.

● Thats a big call. But Paul makes a pretty convincing case. Greece has too much debt to have a hope of paying it back. So its going to default somehow. But Pauls view is that, for all the warnings, banks in the eurozone are big enough to take the pain if Greece defaults.

The real problem, he reckons, is moral hazard. If Greece was allowed to walk away from its debts and remain in the euro, this would open the floodgates for other countries to follow suit. So to avoid similar action by other stragglers, Greece will have to be made an example of.

The quid pro quo for membership in the single currency is that each sovereign has to stand by their own banks' obligations and pay their dues in full. The system can't work any other way. Hence I suspect this whole official spiel about no restructuring until mid-2013 is one giant bluff. In reality patience is wearing thin. The ECB, whatever the party-line, is about to strike. I believe it has sufficient fire-power to kick Greece out of the euro anytime. Its an interesting possibility. And its a story that well be keeping a very close eye on.

I like the look of the Highland Gold mining chart. Just gone long. Trades on a P/E of just 6.4 and a forward P/E of 7 to 2012.

Highland Gold Mining Ltd

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Numis Securities Ltd
13-04-11 BUY 123.52 28.16 8.61 112.83 26.01 7.99

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 123.52 28.16 8.61 112.83 26.01 7.99
1 Month Change 0.00 0.00 0.00 0.00 0.00 0.00
3 Month Change 26.27 6.56 2.42 -14.33 -3.34 -0.67


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 21.49% 90.95% -7.64%
DPS % % -7.14%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA 69.52m 132.01m 121.93m
EBIT 69.52m 121.74m 110.06m
Dividend Yield % 4.73% 4.39%
Dividend Cover x 3.27x 3.25x
PER 12.34x 6.46x 7.00x
PEG 0.57f 0.07f -0.92f
Net Asset Value PS 101.97p p p

From Investors Inteligence.....

UK Chart of the Day: 13 July 2011

Chart of the day: Gold flirts with new highs....
In times of severe market dislocations, people often turn to one asset they know well: Gold.

The recent sovereign debt crisis in Europe, for example, reversed the downtrend in gold. Prices rallied for six consecutive sessions, and edged above the $1,550 resistance (see right). New all-time highs are within striking distance once more.

Should one chase? On a short-term leverage basis, perhaps, as the day trend remains bullish. But on a longer-term perspective, we would prefer to wait for a consolidation to add, as equities may rebound. Meanwhile, the end of 3Q is noted to be a better time to buy gold. Thus we watch to add.