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

cheers GF.

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.

confess am not at all happy that sp has plumetted through all the dma's that should have provided support .... however, it is certain that tbhis is a solid company and i think i shall just stay with it, for it is certainly a better hold than many of the unmentionable E&P companies with nowt but promises and prospects to hold them together.

the chart of post 16 makes interesting viewing with regard to volatility etc etc.

Has the SP bottomed? Worth watching.

RNS out Friday: clearly somebody has been bargain hunting.

Peter Hambro Mining - Holding(s) in Company

RNS Number:8886W
Peter Hambro Mining PLC
18 May 2007


18 May 2007

Holdings in Company


Peter Hambro Mining Plc (the 'Company') has today received notification by Black
Rock Inc. that its holding in the Company has increased to 8,455,675 Ordinary
shares, representing 10.42% of the total issued share capital of the Company.


Enquiries:

do be careful soul* for this is a very volatile stock notwithstanding that it has "class" ...... before you ask, i do continue to hold

Thanks for the warning, Mr. C! I had a feeling you were still remaining faithful, hence I didn't ask if you're still in. My feeling is that this could track sideways for a while unless something radical happens to the gold price.

Worth watching, though, as it could come back with a bang.

JORC in Q$ . . .

the real unmentionable in the woodpile is Mr Mitzlov(?) and his strongarm men and tactics ..... bet he and his cronies are busy filling their bank balances having shorted before the event.

"Sneaky f**ckin' Russians," * to coin a phrase from Snatch. Don't worry, I am well used to it, having followed SBE from the days when it was worth 80p a share . . . .


*I'm allowed to say this, as I am one myself, my grandmother having been conceived in Russia just before the Communists seized power. :o)

Looks like POG is on the up.

POG on the UP?



Gold has been consolidating at its high's, usually a bullish pattern. The price action has become increasingly narrow (coiled spring). When the break comes the move is likely to a very significant one. Base on the chart I would say the price is likely to move $188 in a 12-18 month timeframe. An upside break through $698 would give a target of $886. A downside break of $638 would give a target of $450.

The recent attitude towards gold has been increasingly bearish, with even some of the gold bugs being cautious. I suspect such bearishness is a precursor to a move higher, but we shall have to wait and see. For those who like to see confirmation in other markets, the dollar index is also very close to critical support so it will very intestering to see how that issue plays out. Should the dollar break its support then gold may prosper.

If I had to make a decision here, I would be long gold, given the chart pattern and sentiment levels, with a stop below $630.