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Highland Gold Share Chat (HGM)



Share Price: 165.80Bid: 165.70Ask: 166.10Change: -0.20 (-0.12%)Faller - Highland Gold
Spread: 0.40Spread as %: 0.24%Open: 169.00High: 169.00Low: 165.20Yesterday’s Close: 166.00


Share Discussion for Highland Gold


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Stockable
Posts: 233
Opinion:No Opinion
Price:166.40
Corporate Governance
Today 15:21
There's a certain irony with today's RNS issued in respect to its AGM. Instead of the usual bland “Duly passed” comment in reference to the company's resolutions, HGM gives a breakdown of the votes. Basically, it applies the UK Corporate Governance Code. Not rocket science but really useful for investors. Sure, if a company follows the Quoted Companies Alliance guidelines, it will report the number of votes against a resolution if the total is greater than 20% of the votes cast. But that does not pick up on an underlying resentment or simmering problems. It just seems ironic that a Russian company should assist in the move towards shareholder democracy and greater transparency. The RNS is attached.

https://www.stockopedia.com/share-prices/highland-gold-mining-LON:HGM/news/highland-gold-mining-results-of-annual-general-meeting-urn:newsml:reuters.com:20190523:nRSW0072Aa/
 
soutie1974
Posts: 124
Premium Chat Member
Opinion:No Opinion
Price:166.70
RE: Maiden gross profit....
Sun 10:23
Wrong board !
sasa43
Posts: 391
Premium Chat Member
Opinion:No Opinion
Price:163.30
XD today...
25 Apr '19
The shs are XD the 2.4p divd today - payable on the 7th June - sasa.
Stockable
Posts: 233
Opinion:No Opinion
Price:171.50
Numis Recommendation
15 Apr '19
It goes without saying that any brokers' tips need to be treated with caution. However, I noticed that Numis has just come out with a buy recommendation for Highland Gold and has put in a target price of 250p. Purely out of curiosity, I plotted some (Not all) of its recommendations in relation to Highland Gold on to a Highland Gold share graph. The pattern is not linear but it has been broadly right. Numis has been broadly correct in terms of the share price trajectory from October 2014.
Stockable
Posts: 233
Opinion:No Opinion
Price:188.00
RE: Large sales last night?
7 Apr '19
Interesting times indeed. Jim Mellon speaking on the main stage at yesterday's Master Investor Show in London gave Highland Gold Mining as his top tip. More broadly, he was bullish on Gold and Silver. And raised considerable doubts about the US technology darlings of recent years. But it will be interesting to see who is right.

As you point out, Highland Gold Mining is being shorted. However, as of 5th April 2019, the Jane Street Group no longer appears to be shorting the company. Nevertheless, Millenium International Management is still showing as a shorter with 1.07% of the stock.

The one caveat that I have in regard to shorting Gold mining stocks is this. No matter what research the shorter carries out. Aside from something really egregious such as a massive fraud, the shorter is exposed to volatility in the Gold market. The shorter may make a correct estimation in terms of geology or even management. But a spike in the price of Gold can negate everything. And the potential losses could be great.
Broxburn68
Posts: 255
Opinion:No Opinion
Price:180.50
RE: Large sales last night?
24 Mar '19
The large sales in recent weeks have probably been caused by Jane Street Group and Millennium International Management taking short positions in HGM. The disclosed short positions have been given at 2.08% of the company's stock.

I'm not sure if their rationale is company specific or they just don't buy into the gold bull case. I note that Jane Street have significant short positions in Petropavlovsk and Centamin as well. Encouragingly for holders, this hasn't impacted on the share price here judging by continued rises in the lat week.

https://shorttracker.co.uk/company/GB0032360173/
the_shareminator
Posts: 11,438
Opinion:No Opinion
Price:179.40
Good news for gold yesterday
21 Mar '19
- The U.S. Federal Reserve took a more accommodative stance at its policy meeting
- U.S.China trade talks are not improving
- Markets weakened as global growth slows

Gains in the broad Asian index followed a wobbly session on Wall Street overnight, after a move toward risk taking sparked by the Fed's dovish shift was overtaken by growth and trade concerns.

U.S. President Donald Trump on Wednesday warned that Washington may leave tariffs on Chinese goods for a "substantial period" to ensure Beijing's compliance with any trade deal.

China-U.S. trade talks are set to resume next week.

Trump's comments had more of an effect on U.S. shares than their Asian counterparts, said Sean Darby, chief global equity strategist at Jefferies in Hong Kong, adding that a move lower in U.S. rates "actually has a far bigger impact or efficacy in EM and Asia than in the United States itself."

In comments at the end of a two-day policy meeting Wednesday, the Fed abandoned projections for any interest rate hikes this year amid signs of an economic slowdown, and said it would halt the steady decline of its balance sheet in September.

"What the Fed is doing is trying to engineer a soft landing. What the market is hearing though is things have gotten so weak so quickly ... and the earnings outlook is so dire that real money managers don't want to chase this rally," Greg McKenna, strategist at McKenna Macro wrote in a morning note to clients.

The Fed's comments dragged yields on benchmark U.S. Treasuries lower, with 10-year notes yielding 2.5245 percent compared with a U.S. close of 2.537 percent on Wednesday. The abandonment of plans for more rate hikes this year pushed the two-year yield, sensitive to expectations of higher Fed fund rates, to 2.3982 percent, down from a U.S. close of 2.4 percent.
dewilliams
Posts: 96
Opinion:Sell
Price:171.20
Large sales last night?
14 Mar '19
Anyone know whether there were large sales last night, which resulted in the drop? I presume the price won't rise too much today as gold has dropped.
Crunchnut
Posts: 7
Opinion:No Opinion
Price:165.50
Re HGM
14 Mar '19
Some huge buys tonight
dewilliams
Posts: 96
Opinion:Hold
Price:167.70
RE: HGM
13 Mar '19
Update: anyone know why the price has suddenly fallen?
volcano
Posts: 5,047
Opinion:No Opinion
Price:178.00
RE: HGM
13 Mar '19
anyone in know here why the SP keep going up?
volcano
Posts: 5,047
Opinion:No Opinion
Price:175.00
RE: HGM
12 Mar '19
20p up less than a week , nice.
the_shareminator
Posts: 11,438
Opinion:Strong Buy
Price:156.00
HGM
8 Mar '19
Very quiet here in the lead up to FY results. Gold up to $1294/oz this morning in what may be the beginning of a new leg higher and another attempt to break through $1349/oz coming. Lot's of potential catalysts around, EURO debt, BREXIT, 5 of the 6 top banks easing or loosening policy, further US rate rises on hold, US China trade war unresolved and the general economic slowdown which can not be prevented. etc

Yesterday the European Central Bank decided to cut 2019 growth and inflation forecasts and expectations for the same through 2021. This will likely happen again the quarter after BREXIT, assuming the UK leaves with no deal at the end of the month. There is undoubtedly a building of fear coupled with a refusal from the political elite to change the broken system and so the rot continues to spread.

My homework this month is reading back to the events in 2011 and what the causes were that led to the Euro crisis that sent gold up to $1900. I think we are sleepwalking into the next crisis, the question is when will the dominoes start falling.
the_shareminator
Posts: 11,438
Opinion:No Opinion
Price:159.20
HGM
27 Feb '19
Have been waiting a while for these to dip, small top up at 159 for me. About 6 weeks to go before FY results and the quarterly update a week or so after that. After CEY and FRES cut their dividends, you would expect investors to rush to better performing producers like HGM. We will see
rylidan
Posts: 1,572
Opinion:No Opinion
Price:164.30
RE: AU
25 Feb '19
I'm quite surprised the directors cashed in all the shares they recently bought, albeit for a tidy profit.
mytton
Posts: 747
Opinion:No Opinion
Price:163.30
AU
16 Feb '19
Gold up another 1% to $1320 oz. Tailwind for HGM SP
mytton
Posts: 747
Opinion:No Opinion
Price:164.20
Why
6 Feb '19
Why doesnt HGM buy AAZ and TSG? Both are low cost undervalued producers .
Stockable
Posts: 233
Opinion:No Opinion
Price:165.40
Greater Role For Gold
29 Jan '19
This article may be worth further investigation. In essence, it points to a greater role for Gold and, more particularly, the Russian state demand for Gold from domestic producers. As a slight aside, it's easy to forget that US Dollar accounts are cleared via the US. Something that has not been lost on China, Russia and Turkey. All major long-term buyers of Gold.

https://www.bullionstar.com/blogs/ronan-manly/russian-central-bank-buying-gold-on-the-international-market/
mytton
Posts: 747
Opinion:No Opinion
Price:157.80
RE: Dividend payments 25 Jan
26 Jan '19
Agreed. If an SP wobbles at least a divi provides support and the sum invested is not just dead money as there is a div coming down the pipeline to compensate for the time invested even if there is no capital growth. It is more tempting to cut and run from a share drifting down if there is no dividend payable.
Stockable
Posts: 233
Opinion:No Opinion
Price:157.50
RE: Dividend payments 25 Jan
25 Jan '19
Yes, the dividend came through this afternoon. By the way, the number of private investors who do not appreciate the importance of dividends in terms of overall returns still surprises me.
BuckJones
Posts: 8
Opinion:No Opinion
Price:153.40
Dividend payments 25 Jan
25 Jan '19
Any Dividends received yet ? Suppose to be paid in today mmmm
Bingobongo
Posts: 30
Opinion:No Opinion
Price:153.60
Results
14 Jan '19
Soon
proctalgia
Posts: 133
Premium Chat Member
Opinion:No Opinion
Price:156.00
RE: HGM
14 Jan '19
Nice RNS
4kandles
Posts: 1,887
Opinion:No Opinion
Price:151.80
RE: HGM
3 Jan '19
With gold surging it does all look highly encouraging. Apple, Tesla and global equity markets can melt down tall they want




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