Updates

Petropavlovsk (Peter Hambro Mining)

November 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.

Peter Hambro changed its name to Petropavlovsk during the month and followed this with a string of announcements, including a redemption of outstanding bonds, the launch of a gold fund and also a joint venture to develop its iron ore assets.Having redeemed half of its gold exchangeable bond issue back in March, POG has launched a tender offer for the remaining US$53m of bonds. These were due for redemption in 2012 and buying them back now removes some of the short-term debt and strengthens the balance sheet.In response to press comments, POG also announced that it has signed an agreement with Leader, the largest asset management company in Russia and Gasfund, the Gazprom pension fund, to create a gold mining fund. Lea ...

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Petropavlovsk (October 2010)

Petropavlovsk (February 2010)

Peter Hambro Mining (August 2009)

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

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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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