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Peter Hambro Mining - No Russian bear hug for POG

December 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • POG
  • Price:
  • 280p
The shares doubled at one point during the month. As we were hoping when we tipped them last month, there were considerable signs of support from the directors with chairman Peter Hambro buying 40,000 shares at 213p on 13 November, just five days after our issue landed. The following day, subscribers who were waiting for this trigger could have bought in almost 15% cheaper than Hambro as the price continued to fall. As we said previously, it has been investor concerns over Russia and also that POG would not be able to refinance its short-term debt, which had given ammunition to short sellers. But POG has reported that Peter Hambro together with chairman Dr Pavel Maslovsky have dug into personal reserves and are financing US$49.25m ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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