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Primary Recommendation

Peter Hambro Mining - Shares rocket after production target is raised to 1.2m ounces by 2009

March 2006

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:
  • 1305p
With gold hitting US$570 per ounce and the forward price spiking as high as US$700, there’s a distinct possibility that many quoted gold miners could experience a bout of dot com style exuberance as investors speculate just how high their profits will go. Old TMI favourite Peter Hambro Mining, which holds a spread of gold assets in Eastern Russia, has already cashed in mightily but this is fully justified by its happy knack of beating even the more wildly optimistic hopes of its shareholders. Indeed, chairman Peter Hambro has presided over a seemingly unstoppable run of growth with profit before tax increasing from just US$5.7m in 2002 to an expected $32m last year. But what’s really tickling investors’ imaginations rig ...

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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.

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