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

cheers GF.

truthfully, i think POG is a top stock in its field ..... everything points towards sp zipping upwards, though shocks have a nasty habit of appearing from nowhere

LOL - pessimistic even in your optimism - I love it!

Yep, well hopefully this is gonna zip at least a pound a share in the near future.

At least it's now over my purchase price of 1179 : POG Bid: 1180p Offer: 1181p Change: 19

Need 1198 to cover all my costs (including sale fee) - if the SP can't breach 12 there's something badly wrong . . .

JP Morgan (i think) has a target of 20.00 and i also other houses have targets significantly above current levels

Cynic, the JPM 20 makes sense, as it is JPM's broker Cazenove that is particularly bullish.

Other analysts' estimates, from FT.com:

Goldman Sachs starts coverage of Peter Hambro Mining with buy rating Feb 12 2007 09:22

Numis Securities ups Peter Hambro Mining price target to 1535p from 1350p, keeps buy rating Jan 22 2007 11:07

interesting RNS just out ...... interesting that the house broker is predicting lower end of expectations ..... is that to dampen down (over)enthusiam or realism/knowledge? ..... i very much hope the former!


LONDON (Thomson Financial) - Peter Hambro Mining PLC is expected Monday to post a jump in full-year results on higher production and gold prices, while the market's focus is likely to be on operating costs and the group's 2007 output guidance.

According to a consensus of analysts, net profit is anticipated to rise to about 43 mln usd from the 14 mln posted in 2005. However, expectations range from 26 mln usd to around 60 mln, with house broker Cazenove at the lower end of the range, dealers said.

The company, a London-listed gold mining company with assets in Russia, previously announced its attributable production for 2006 was 261,000 ounces, up from 249,000 ounces in 2005.

In February, the company reiterated its 1.18 mln ounce a year production target for 2009 and said the Pioneer deposit in the Amur Region is on track for production start-up in the fourth quarter of 2007.

The company benefited from higher gold prices over the year. Its average realised gold price increased to 586 usd an ounce from 442 usd in 2005.

In the six months to end June, the company made a net profit of 12 mln usd on sales, including its share of joint ventures, of 63.1 mln. Sales were 114.6 mln usd in 2005.

Peter Hambro may also announce the conversion of its reserves from the Former Soviet Union classification to the JORC (Joint Ore Reserves Committee) code. Australia's JORC classification is widely used an independent standard of verification for resources.

Apparently Citigroup put out a buy rec on this one as well. Haven't seen any details, though.

Results out: profit was $31.7 mil.

sp has reacted favourably to the results and it will be interesting to see what the press and anaylsts conclude ....... making a reasonable profit at the moment and think on balance i'll let it run now that 200 dma has been breached quite solidly

There was no bad news in the results. Reserves are up a little bit, main production increases are in the pipeline . . . The main driver of any increase in the company's worth has to be the increase in gold prices. Unfortunately POG hasn't stated its average realised price per oz this time.

I'm guessing that the analysts will reiterate their buy recs with a slightly increased price target.
Consensus around 1500p?

Moving in the right direction, anyway: POG Bid: 1196p Offer: 1204p Change: 29 296K traded

below is an extract of a few snippets from the RNS/Interview ......

LONDON (Thomson Financial) - Peter Hambro Mining PLC may need to raise 50-100 mln usd to fund its expansion programme, finance director Andrey Maruta said in an interview with Thomson Financial News, adding that he doesn't see the raising of such an amount to be an issue.

'Anything between 50, 100 and 200 mln is not going to be a problem,' he said.

The actual amount, which will depend on gold prices, is likely to be through debt and is anticipated to be at the end of this year or next year, depending on gold prices and the group's expansion programme, he said.

Peter Hambro declined to say whether the company had been approached or was in talks.

Analyst's view: Buy/20 target

Merrill Lynch says the results did undoubtedly disappoint, but says news on the huge recoveries possible from the JORC project was a major positive. Restates its buy advice and reckons the shares are worth twenty quid each.
Broker adds: As Peter Hambro is a volume growth story, we believe that investors should look through near-term earnings, which have a high degree of forecast risk, to potential earnings post the execution of POGs project pipeline.

From FT.com report on POG: [Realised] Gold prices averaged $618 an ounce in the second half of 2006, a third higher than a year earlier . . . . It said 2007 was a crucial year for its most advanced project, Pioneer, where a heap leach facility will start operations this year followed by a resin-in-pulp plant in 2008.

I'm not sure where they get the idea that the realised gold price is a third higher, as I last remember reading a figure of $586.

have (temporarily) taken my profits here and put that money back into PFC which looks to be breaking into new high ground ..... may also top up SCHE

25+50+200 dma all converging at this level or +/-10p and OUGHT to give very solid support ... and my money is with my mouth @ 245

245 what, Cynic? Shares?

I agree that this ought to go higher. Nearly bought this morning but was glad I didn't as I see it has come off a bit since.

Will keep an eye on it and might have a go next week.

Watching it minute by minute, it certainly seems that this one has the will to get up and get going.

Good luck to holders. I have made my plays in AMBR and CCT, but will definitely train my eagle eye on this one meanwhile.

Enormous spread today, by POG standards: POG Bid: 1115p Offer: 1124p Change: 1

not at all happy that sp seems to have broken down through all that clustered resistance, but still happy in the knowledge that this is a first class gold producer so shall just stay patient

Cynic, hope may be on the way. By my reckoning, we could have a cup-and-handle at 1220. If the SP powers through 1220 on decent volume, the potential should be there for it to soar, especially if it continues through the cup lip of 1240, also on volume.

On the other hand, one could argue that the handle will only begin to form when 1240 is finally reached, as this was the SP at the lip.

What do you reckon?

Will watch and wait.