Updates

Peter Hambro Mining - Shares gain 141% since tip in November

February 2009

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.

Shares in Russian gold miner Peter Hambro Mining (POG) had at one time tripled since we made the shares a main buy recommendation in November. Clearly our timing proved prescient as the share price had fallen by almost 90% from the high on concerns over its ability to refinance short-term debt.Last month we noted that Peter Hambro together with chairman Dr Pavel Maslovsky had dug into personal reserves and were financing US$49.25m of debt largely on an unsecured basis. This month the story unfolded further with Peter Hambro announcing plans to acquire AIM-listed Aricom (ORE; 28.5p) in an all share offer. Aricom was spun out of POG a few years ago to develop iron ore assets in Russia. It has three mines in Russia, none curren ...

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Glisten

Hargreaves Services - â€œAhead of expectationsâ€

Petropavlovsk (October 2010)

Petropavlovsk (February 2010)

Petropavlovsk (Peter Hambro Mining) (November 2009)

Peter Hambro Mining (August 2009)

Peter Hambro Mining - Gain to date: 209% (May 2009)

Peter Hambro Mining - Take part profits (March 2009)

Peter Hambro Mining - No Russian bear hug for POG (December 2008)

Peter Hambro Mining - Russia worries deflate share price (November 2008)

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.

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