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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Peter Hambro Mining - New mines to double production to 1m oz by 2012

October 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.

  • Epic Code:
  • POG
  • Price:
  • 930p
The idea that a junior gold explorer might have the wherewithal to transform itself into a substantial FTSE-100 concern only seven years after listing is usually just the stuff of dreams. However, Peter Hambro Mining (POG), a gold and iron ore miner with a Russian-focused portfolio of assets, has astonishingly achieved just that with gold output increasing from 70,000 oz in 2002 to an expected 500,000 this year, marking it out as one of the top performers in the industry. While investors might believe that the easy money has already been made, this is not true at all, with the company now expecting production to double again to 1m oz by 2012 as new mines come on stream. We expect its strong share price performance is likely to con ...

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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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