ShareProphets : tidm

HGM

Highland Gold Full Year Trading Statement: Buy at 114.5p target 200p

AIM-listed, Russia producing miner Highland Gold (HGM) has published a calendar 2012 trading update which reads very well. There was an 18% increase in group wide production to a record 216,885 ounces of gold and gold equivalents, exceeding guidance estimates of 200,000-215,000 ounces. The shares have ticked up to 114.5p on the news capitalising the company at £372.5 million. I wrote positively on them, at 91p, shortly before Christmas so I am already partially vindicated. But this re-rating has a lot further to go.

By Tom Winnifrith | Published 2013-01-30 08:03:32 |

Highland Gold: A 2013 Recovery Play?

Like many junior miners, AIM listed Highland Gold Mining (HGM) has seen its share price decimated during 2012. The stock traded at 197p at the start of the year but now sits at 91p valuing the Russian based gold producer at just shy of £300 million. Indeed during the past few weeks as folks have worried that the great bull run in the gold price is about to end the shares have lost 20%. I do not think gold is heading lower. So is Highland a recovery buy or is the sell-off only just beginning? I sense we may be close to the bottom.

By Tom Winnifrith | Published 2012-12-21 17:04:40 |

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Recent Comments

TOM24 Oct 2026

the aug and sep reports do not mention GEX so I assume status unch

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

QUINCUNX24 Oct 2026

There are more important things to worry about,like gilt yields and whether this country is going bust.If UK PLC was a company,it'd be a good short.

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

COLINS224 Oct 2026

Tom,Re. Georgina: Can you not get hold of the Shire council reports from Aug 29th. and Sept 29th? There might be some indication of the current status in them.I noted that it wasn't just the roadworks that were an issue but they also wanted an airfield with a lighted runway in case of medical emergencies. Maybe a lighted helipad would do; that would be a much cheaper option.

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

COLINS224 Oct 2026

Yes, I bought into CEY when the price tanked, that worked out very nicely :-)

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

TOM23 Oct 2026

So is there anything actually in the Epstein files implicating Trump directly in wrong doing? Unlike, say, Pres Clinton, No!.

A Message from Paul Mathieson

MICHAEL MCKENNA23 Oct 2026

AI Overview:Donald Trump is the most frequently mentioned public figure by raw count in the released Jeffrey Epstein documents, appearing in tens of thousands of references and files (though a large portion of these consist of news articles, media clippings, or press mentions shared or saved within Epstein's records)Trump was also recorded boasting that he was a pussy-grabber in the Access Hollywood tapes.

A Message from Paul Mathieson

MOLEMAG23 Oct 2026

Not just Gold - Atalaya Mining Copper SA, for example, market cap over £1 bn, down 25% in October.

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!

BAGHOLDER7923 Oct 2026

Why am I surprised at yet another farcical episode on the London market? As Tom has suggested for over 2 years, this stock has clearly always been one for one to add to their bargepole list. While I doubt that anybody reading this website would own GEX shares, unfortunately numerous BB mugs will have been lured into buying shares in this joke company. I understand that the bar for regulatory action by the FCA on Main Market listed shitcos appears to be set extremely high, but surely it should be taking action against companies who engage in such placings. The culture of companies materially misleading investors ahead of placings, while sitting on adverse price sensitive information, must be rooted out if London is to be considered a credible financial centre.

Letter to the FCA – suspend Georgina Energy shares now and launch a full enquiry

WELL INFORMED23 Oct 2026

I actually think your posting is highly amusing. "A soulless farting husk" LOL!

A Message from Paul Mathieson

Sohail23 Oct 2026

From the January 2026 peak some of my gold and silver stocks are down by up to 50 %.However the intrinsic npv of these Companies at much lower gold and silver prices leaves these mines at a huge discount based on the current sp.I remember being in cey in 2008 when the price tanked but I stayed in because the gold had not gone away….

Tom Winnifrith Bearcast: Am I shitting bricks abut the FCA and market abuse, a law suit or my portfolio? er...No!