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Time to grab now!
Great buying opportunity IMO. Just taken another 3000 shares. Excellent dividend yield and recent results were strong.
Toppy up time folks. I'm gonna load up here. Be positive 8% yield!!!!
any idea how and more importantly why? :(
I believe this is manipulating by the company itself. Otherwise there is reason for this fall.
what has happened today, cant find anything new on the company or east west relations...…?
As per the operating results today it should reach at least 150. I don't know why still the sp is only 137.60 now.
No reason for this to be trading at less than 9x earnings.
Q2 2018 Operating Results
RNS Number : 7808V
Highland Gold Mining Limited
26 July 2018
HIGHLAND GOLD MINING LIMITED
Q2 2018 Operating Results
26 July 2018
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today reports its operating results for the three months ended 30 June 2018 ("Q2 2018").
· Production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in Q2 2018 totalled 69,610 oz of gold and gold equivalent, an increase of 4.6% from 66,542 oz in Q2 2017 and an increase of 17.4% from 59,311 oz in Q1 2017.
· Total production in the first half of 2018 ("H1 2018") was 128,921 oz of gold and gold equivalent, down 2.2% from 131,785 in H1 2017 due to lower volumes in the first quarter.
· Increased output at MNV in Q2 2018 helped make up ground on last year's production level after the processing plant operated at reduced capacity for much of the first quarter.
· Belaya Gora achieved improved recoveries as it also returned to full operating capacity in Q2 2018, with output stable year-on-year.
· A general contractor was selected and mobilised for Stage 1 (mine expansion) of the Company's project to boost Novo's mining and processing capacity to 1.3 Mtpa.
· Infrastructure preparation and construction work continued at Kekura.
· Average realised gold price during the quarter of US$ 1300 per ounce
· The Company affirms its forecast for total production of gold and gold equivalent of 265,000-275,000 oz for the full year.
FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold Mining Ltd.
John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202
Numis Securities Limited
(Nominated Adviser and Joint Broker)
John Prior, James Black, Paul Gillam
+44 (0) 207 260 1000
BMO Capital Markets
Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette
+44 (0) 207 236 1010
Peat & Co
+44 (0) 207 104 2334
This was a bit of a speculation for me. The dividend attracted me. I would consider averaging down. But as its a stock which seems to move quite quickly in either direction I would be concerned about chasing losses.
I'll reinvest the dividend at these prices, I really don't know enough about this share to make a serious investment decision.
Dividend is the only reason I continue to hold this share. Like you say, it moves for no reason at all. But I still continue to average down whenever I have spare cash. To increase my YOC.
Who knows why this goes up and down. Looks like I'll be holding for the dividend.
Discount to NAV
Good balance sheet
Return to 160p would be nice.
Why the share price is falling too much? It's nearly lowest of the year!
any one involved with CGH a up incoming company with good connections they are suspended at moment worth a look at
To complete the circle.... mr. Denis Alexandrov, former CEO of Auriant Mining AB, is now CEO of HGM....
He seems to be quiete sure about the opportunities this transaction is bringing to HGM....
I'm less convinced seen the acquisition price of 91 mio....
Some extra lecture to my previous message...
(Information obtained from Auriant Mining website)
January, 2015 : Establishment of legally binding agreement with Aristus
Holdings Ltd. to manage and develop 5 gold properties located in Russia�s Chukotka region, including Valunisty - a producing gold mine
17 September 2015 : memo below (not on Auriant's website anymore)
Year report 2016 :
No message at all nor about the option message dd. 17.09.2015 itself, neither why it has not been lifted.
The only statement...
CHUKOTKA MANAGEMENT CONTRACT
During 2015, Auriant delivered management services to four as -
sets located in Chukotka, including the producing mine, Valunisty. In
2015, Auriant charged a management fee of $3.6 m. In January
2016, the contract was terminated by mutual agreement and was
taken on by a company with close ownership links to those of the
In January 2016, the CEO Denis Alexandrov left the company, Sergey Ustimenko took over.
So, the properties which could be bought by Auriant Mining from Aristus Holding back in 2016 for 32,5 mio. USD (50% stake), are now sold for 91 mio. USD to HGM ?
Auriant Mining delivered mining services during 2015 - so, as I suppose, had detailed knowledge about the mine and its opportunities - and let pass buy the option to buy Valustiny from Aristus Holidng Ltd for a much cheaper price ?
Any remarks, ideas are welcome.
Memo release date : 17.09.2015
Auriant Mining AB (publ.) is pleased to announce that it has signed an option agreement with Aristus Holding Ltd. to purchase a 50% interest in five gold properties located in Russia�s Chukotka region, including one producing mine, Valunisty. The agreement was signed following the Boards decision previously announced in January 2015.
According to the terms of the option agreement, Auriant Mining has the right, but not the obligation, to buy a 50% interest in Aristus�s properties in Chukotka for the price of US$ 32.5 mln not later than January 1, 2016.
Auriant Management LLC (a fully-owned subsidiary of Auriant Mining AB) has been managing Aristus�s properties in Chukotka since January 2015. The Company has management contracts with Aristus-affiliated Valunisty Mine LLC and Kanchalano-Amguemskaya Square LLC (KAP). In addition, Auriant Management provides consultancy services to Nord-East Mining and Geological Company (license holder for the Kayenmyvaam site), North Subsoil LLC (Uteveem license holder), and Mangazei LLC.
�This option agreement presents a good growth opportunity for Auriant Mining, potentially adding Valunisty, a mine currently operating at full capacity, and a solid pipeline of exploration assets in the Chukotka region, where several world class mines are located,� Denis Alexandrov, Auriant CEO commented on the option agreement.
Chukotka gold properties
Valunisty: A producing gold mine with H1 2015 production of 500 kg of gold. The C1 + C2 reserves of gold are 17.5 tonnes at an average grade of 5.9 g/t and 178 tonnes of silver at an average grade of 59.6 g/t, equaling total C1 + C2 reserves of around 20 tonnes of gold equivalent. Mining is open pit, with a mill capacity of 250,000 tpa, and straightforward carbon in leach processing with gold recoveries of 95%. With limited previous exploration, there is excellent potential for a further increase in reserves at the deposit.
Kanchalano-Amgguyemskaya Area (KAP): This is an 831 km2 license area, incorporating several known deposits and prospects, including Valunisty.
Uteveem: This is a 1,094 km2 license area containing at least five identified silver-gold prospects. No detailed exploration has been undertaken to date.
Kayenmyvaam: This is a 1,214 km2 license area containing at least six prospects. One prospect, Arykvaam has had some limited core drilling of 5,000 m and 5,900 m of trenching which has indicated a sizeable gold and silver resource.
Mangazei: This is a 639 km2 license area. Early stage exploration work has shown two types of mineralization: copper-porphyry and epithermal gold-silver veins
PRESS RELEASE Stockholm, September 17, 2015
For more information, please contact:
Denis Alexandrov, CEO tel: +7 495 660 22 20 e-mail: firstname.lastname@example.org
Company name: Auriant Mining AB Short name: AUR ISIN-code: SE0001337213
Nice to see we are already up to 155 and we are ex dividend. I too missed that until I scanned the Annual Results
PAYMENT OF DIVIDENDS
The final dividend for the year ending 31 December 2016 in the amount of US$22.6 million was paid on 12 May 2017. The Group paid an interim dividend of GBP 0.0498 per share in respect of H1 2017 (2016: interim dividend of GBP 0.050 per share) which resulted in an aggregate interim dividend payment of US$21.3 million (2016: US$19.8 million).
The interim dividend was paid on 3 October 2017.
The Board has recommended a second interim dividend of GBP 0.0542 per share which, taking into account the
interim dividend paid in October 2017, gives a total dividend of GBP 0.104 per share for the year 2017 (2016: GBP 0.104 per share). The total payout exceeds the minimum amount prescribed in the Company�s dividend policy, reflecting the availability of additional funds for disbursement to shareholders.
The dividend will be paid on 25 May 2018 to shareholders on the register at the close of business on 27 April 2018 (the record date). The ex-dividend date will be 26 April 2018.
The Company offers an option for shareholders to elect to receive their dividends in US dollars. Payments for
dividends in US dollars will be fixed at an exchange rate of 1.4329 GBP/US$, or US$0.0777 per share. To receive
payment in US dollars, shareholders should complete and file the Currency Election Form no later than the record
date (Election Deadline), 27 April 2018. The form and instructions for filing it are available on the Highland Gold website at: http://www.highlandgold.com/investor_relations/share_structure
Well I may have little idea about this company, but so far so good. A strong week considering it started with an ex dividend and Gold has been pretty flat.
Sasa thats a good point and one of the reasons why Russian gold miners always trade at a discount. I'm not really sure about the rules around such a high concentration of ownership so I decided to get out last week to allow time to assess what this all means and have a proper read through the documents. But I'm looking at a new entry point when the dust settles and I get more comfort around the ownership structure. It has a great growth profile which I cant really resist
Are the existing shareholders being 'legged over' here?
The 'concert party' which seeks a waiver from being obliged to make a full offer for the Co, under the rules which currently apply, (their combined ownership of the equity goes from 37% to 44%) contingent on this going through, gets perilously close to effective control.
Seems a dangerous precedent to me - another 7% of the float acquired and they will have it. If that's their ultimate intention, then they should not be exempted from complying with the rules and make an offer for the entire equity in the interests of all shareholders - sasa.
Some while ago I spent time trying to get to know Highland Gold's mines and developments. One problem is the differing spellings when you try to transcribe The Russian alphabet into English. Valunisty I believe is also Valunistoye, so a little link to some more information on the mine
You can also find it on Google maps
I'm not sure that link will work, but you can find it by searching "Valunistoye Gold Mine" on Google maps.
In relation to nuclear power, Bilibino the town nearest to Kekura mine already has a nuclear reactor, though of the old Chernobyl design, which I would imagine is why they are connecting Kekura to the grid. Though the Bilibino reactor is due to be decomisioned, it is planned that it will be replaced by a floating reactor aboard a ship up in the Arctic port where our mine supplies are being shipped in.
If you read through this weeks posts, you will find that this has already been answered.
When is HGM ex divided day? I believe by end of next week!