Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I think historical it was, but as of auag prices today we are mainly a gold miner.
Inmaculada (main mine) is currently around 70% gold.
Pallacanta - in care and maintenance till new permit in 3yrs at current prices about 70%silver
Mara Rosa - is all gold (about half the production of Inmaculada, i think, but at lower cost)
San Jose - is small and i think its around 50/50
The recent Monte Do Carmo project is all gold.
Then there a couple retired mines that are not economical to mine at the moment that are mainly silver.
please correct me if im wrong ;)
Does this get viewed more as silver or gold now?
Stanley
You could be right I hold a core here. 107 to 89 to 109 in the space of a few weeks.
Travel of 18 +20 = 38p a 109p share, well worth catching as much as you can rather than holding. Should be 250p now the Peru licences are behind and the metal prices breaking out.
But not in a straight line.
Hello @Woodster, Tony's probably looking at some TA indicators, such as RSI, where on smaller time frames we are in the overbought territory. Believe it or not, I sold my entire HBR holding in December just 2 hours before the RNS dropped late in the afternoon and the SP surged by 40% in the same trading session, and that's after holding for months... so I'm very cautious with Hochschild and wouldn't sell purely based on TA ahead of next week's presentation. #notAdvice
We seem to have a momentum and the price of metal also
Call me greedy, but it’s too early for me to trim :)
Not sure about overbought - have you seen the gold price?
The 2023 results are out next week and our new CEO will present his vision for Hochschild. 109 seems to be too cheap to sell, imv.
Trimmed from 93 & 89 to 109 super trading share for building a solid holding
15% up in just a few days, I don’t call that sluggish but rather wonderful the last few days
What price is fair value right now?
Sold out and happy with the profit. Will return later when things are less overbought.
Looks a bit sluggish in rising in the 10day/3 month relative strength scale compared to other Gold mining companies i.e. PAF, MTL, WPM, SHG.....
We usually have them a couple of years out, they have proved very useful over past few years enabling us to sell silver at $26+ which has been v useful when Pallancata silver so expensive to get out and prevented even bigger losses from that mine. This is a nicely electric share when it works
When do the hedges expire?
Good to see the new boss is entrepreneurial BTW.
The RNS looks interesting though more years of jam tomorrow as they continue to invest heavily in building output back to replace the underinvested worn out mines they ended up with, however at least that huge problem was recognised, is being addressed and the future looks bright for the family and those happy to stick with the shares long term. In the meantime the gold and silver prices will hopefully help out though of course some of our output is hedged
Looks like were heading for a 5x share price rise,
New management seem to be pulling it off here
Another interest and in Brazil which is a good pick
What about the hedge, and the Pallancata shutdown?
Excellent.
Silver looks really strong.
In 2023 HOC did 11m oz = $11m / each $ move in Silver.
On a multiple of 5 that is around $55m in market cap.
Think there will be some big overnight moves ahead.
Thank you! :D
It's not now :)
Gold just crossed 2100 USD / OZ. WOW!
Why is HOC still below 100?
Silver coming out of the doldrums and leading this move
+1.01%
Gold +0.37%
Gold ripping again this morning.
$20/oz from the ath.
Could be the catalyst for Silver to move.