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

cheers GF.

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.

BTW here's the chart:

(Edit: volume and RSI added)

sorry M8, but don't klnow owt about cups n saucers but i very much like that sp has at last sneaked back above 200 dma (and 25+50)

LOL - okay. :o) I'm still waiting for it to break the handle of the tea-cup. Or something.

BTW TDWaterhouse's "Fat Prophets" is quite enthusiastic about POG and has it as stock of the week, plus a certain amount of self-congratulation at having picked it sometime in the 1960's when it was only 320p.

Looking quite iffy at the moment - glad I was cautious!

POG Bid: 1030p Offer: 1040p Change: -52


Peter Hambro defers publication of JORC-compliant resource estimates to Q4 2007

AFX



LONDON (Thomson Financial) - Peter Hambro Mining PLC said it has deferred the release of its JORC estimates to the fourth quarter of 2007.

In a research note earlier this year, Citigroup said the company's move to JORC classification from a Russian basis will give the group more than 15 mln ounces of reserves, making it an attractive target for an major international company.

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

Peter Hambro said it is delaying the release of the estimates 'in light of the desirability of having comparability of GKZ (Russian State Committee on Reserves) and JORC reserves and resources estimates'.

'The company is aware of ongoing discussions between certain (non-Russian)

companies and the Russian regulatory authorities (including Rosprirodnadzor)

regarding the comparability of estimates of mineable reserves and the

reconciliation of reserves prepared under non-Russian classifications with those

submitted for approval to GKZ,' Peter Hambro said.

The company had earlier said it planned on announcing the reserves for the Pioneer project on a JORC (Joint Ore Reserves Committee) basis today.

i don't like these little surprises much either, especially when i do not really understand the implications ...... however, as POG is a very solid company with proven track record etc etc, i guess i'll stay with them.

by the way, SOLA is suddenly looking very weak as is VML (again)

thought the following extract from one of today's announcements was not uninteresting .....

In a research note earlier this year, Citigroup said the company's move to JORC classification from a Russian basis will give the group more than 15 mln ounces of reserves, making it an attractive target for an major international company. Last month, Peter Hambro declined to say whether the company had been approached or was in talks.

Rather you than me, Cynic. Personally speaking, I don't like the way that this one is heading. I appreciate what you have said about your reasons for investing, but it seems to me that the last set of results were not outstanding, the immediate outlook offers only a modest increase in revenues and that with the very high PE, any potential good news was already priced in. Now with the delay to JORC and the Russian environment inspectors sniffing around, the potential seems to me to be weighted towards the downside.

Personally I wouldn't want to get caught out on sitting on a stock and wishing and hoping for it to go higher, but I'm sure you don't need me to tell you that, and equally sure that you'll make up your own mind.