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Monkey
That would be nice to get!
Closed my spread at 1.27 too early :-(
I’m looking for a straight move to £1.75 area - then a breather bouncing between £1.50 and £1.75 before a move back £2+
Careful here
I think i’ve been in this similar amount of time! I was greedy when we saw 150 last time and have not sold and it’s been going down for a long time after that! But we’re in much different situation now, i think, as PM are going up, permitting issue seems to be dealt with and Mara Rosa operational..
Well I have held and traded this share since early 2020 and it's been a bit of a roller coaster, but i asked myself just before reading the question you posed and the answer is around 150 (short of any new news). I have sold before at over 300 so why the low bar I'm not sure. The share price has more or less doubled since the beginning of October, but I still like the way it creeps up a few pcent each week.
Hello!
Do you have a personal target price at which you’re going to trim/sell?
"$SILVER ´s ATH is not 50, it is 806. In 1998 USD value...
Silver had been in decline for 500+ years when it bottomed around the millenium.
Could 800 happen briefly again when silver goes ballistic at the end of the commodities bull?
Absolutely."
https://twitter.com/graddhybpc/status/1777256546717569096
"$SILVER
That is a hugely bullish chart.
Historical point in time."
https://twitter.com/graddhybpc/status/1776172288708063371
"#Silver prices settle near a three-year high
A long bull market may be close behind
“Up until a couple of weeks ago, silver wasn’t finding much love, but stronger industrial data from China has boosted demand for industrial materials like copper and silver.”
https://twitter.com/goldseek/status/1776162102320755171
Wouldn’t be surprised to see £1.50 hit here by end next week …
Just because someone drew a bowl does not mean the price will follow suit. Silver is an industrial metal mined in fairly large quantities and major players will be selling aggressively if the price exceeds $30~35, imv this also applies to Hochschild, as they'll update their current silver hedges.
"Been saying lately that $SILVER will break out soon, and that it is a GENERATIONAL opportunity on the breakout. It is now breaking out.
Note the two marked, previous breakouts of similar weight.
Should get a massive move here once again."
https://twitter.com/graddhybpc/status/1775801989298876660
Looking a little exhausted
Not a good year for uddersfield though. Now that a contrarian, ever I seen 1, appen.
Sotolo, i have it as just under two thirds gold at todays price, altho with new Pallancata mine expected in 2027 and a silver price spike it could be a lot closer between the two in the future
Silver is building up ovely, I am starting to think 2024 will be a good year for silver bulls ...touch wood,
FYI very approximately if my sums are right we are heading down to around a third silver now, with getting on for two thirds gold.. Also worth noting that this year over half our gold is hedged or has a collar, and from next year around a quarter. On 12 April 2023, the Company hedged 27,600 ounces of 2024 gold production at $2,100 per ounce, on 19 June 2023 the Company hedged 150,000 ounces of 2025, 2026 and 2027 gold production (50,000 per year) at $2,117, $2,167 and $2,206 per ounce respectively, and on 14 December 2023 the Company hedged 100,000 ounces of 2024 gold production using gold collars with a strike put of $2,000 per ounce and a strike call of $2,252 per ounce. So we will have to wait to 2028 to take full advantage of the new prices but it was maybe necessary to protect Mara Rosa profitability and paying back interest?
u
"Been saying for 13 weeks that #gold has a blue mega breakout.
Now also #silver has a blue mega breakout."
https://twitter.com/graddhybpc/status/1775064909857824775
Company has said they are looking at selling three non core assets (all not in production) and one of them is a large one.
If they received $15m on this + royalties there’s a lot more to come from this side of the portfolio. New Management are doing well here
Lovely super optimistic article, shame he doesn’t know more about the company. The family reduced their 50% holding a few years ago now at around £2 before all the Peruvian politics led the company to tank. The company have had Volcan now for many years unable to exploit it, it is now moved into a subsidiary Tiernan prior to seeing if they can possible get anyone else to develop it, but has been pretty worthless in the share price for many years. Yes the company is in a better position, and yes although the extra debt, to buy much needed Mara Rosa, is heavy in these high interest times, luckily saved by rising gold - they had to borrow and buy more output as badly needed to replace lost output that looked very dangerous a few years ago. I remain a holder and ever hopeful, but would not base my investment decision on $3000 gold till we get there. At that point inflation will have pushed aisc higher. I would expect the share price to be 2.5 to 3 times higher at that gold price if stabilized there as usual multiplier on profit of around 3x the gold price rise, though this multiplier shrinks as gold rises further, all imho
Increasingly friendly regime for miners in Peru:
https://www.mining.com/draft-decree-allows-miners-in-peru-to-exceed-daily-installed-capacity-by-10/
Https://seekingalpha.com/article/4681468-hochschild-mining-undervalued-mid-tier-goldsilver-producer
JPMorgan think $2,500 year end, Goldmans on $2,300
HOC on 6x earnings is way too cheap. Could be 150p this week