Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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It is also because silver has taken a bit of a tumble, and Hoc is still perceived as a silver miner with a sideline in gold whereas it is the other way round, and even more they had the good sense to hedge a third of the silver output so even less exposed.
Yes, that is I believe because the company fundamentals come back to the fore which leads to weakening share prices
hoc hardly moved with PMs soaring and yet when Gold and silver drop a little it plummets lol
101.8p, preparing for liftoff..?
Nice little tick up... almost at that 102p inflection point as we speak. Come on HOC!
Agreed.
Concerning that the SP isn't showing any positivity this morning, however a rise above 102 looks like it could easily trigger a surge!
Pretty stunning that even with silver moving back up near $24 and gold near $1860 Hoc down again to its lowest yet since the Covid crash two years ago, below 100. it is true the results should be ok for 2021, around £75m but this year down to £50m, costs rising and some big investors must be very worried about politics if still selling into rising gold. Hard to chill out, unless you are miraculously right and gold not only holds on to its gains but soars taking us up 30% in 30 days
I hope you are right!! I like a quickvturnaround from past fortunes for sure...
Ossingh, I have no idea where the bottom will be, there is no need to be insulting because of that, this could be it and gold could now soar., I certainly hope so….or not. I don’t believe anyone knows when gold wil rise, as it should, it has always been cleverly confounding. What I am doing here, as you ask, is commenting on Hochschild as a very long term and large for me shareholder, and you, just to carry on behaving as you did at school?
I don’t have one, and always hoping yours is behind me. It’s gone below 100 though
Well not quite yet, especially given silver today..so Also not sure we have hit Ossingh’s bottom, 100 has been a barrier but when we break through it , maybe even today, then further to go?
https://www.youtube.com/watch?v=BhAfDBHM0jo
interesting, hopefully he's right and we get some upward movement here!
FYI, UFO Alien Metals just got granted the silver permits in Mexico:
Drilling of key Mexican silver assets set to commence
https://www.londonstockexchange.com/news-article/UFO/drilling-of-key-mexican-silver-assets-to-commence/15322756
"Alien has been granted all the necessary permissions to begin drilling on its 100% owned Los Campos and San Celso Silver Projects"
Auson
nice one
I have been waiting to sell all my holding so I could lower the price and buy in at the bottom ... haha
I am sitting out at the moment ...crazy,crazy world right now ...
Pokerchips,
Thanks mate I will be sure to buy today if it doesn't go any lower next week.
" Is this the bottom ? "
If it doesn't go any lower ..then ..yes :-)
Is this the bottom ?
Taking a 2 year time horizon or longer term the dividends yield alone is attractive. Currently around 4%.
Holding, adding and trading as at some point the tide will turn again
Oss
I believe your right also there is consolidation in the sector atb
@Pokerchips, I hope you looked into UFO.
Drill results just announced:
Alien intersects bonanza silver at Elizabeth Hill including 9.7m @ 8,326 g/t Ag (267oz/t Ag) from
15m
https://www.rns-pdf.londonstockexchange.com/rns/8260Z_1-2022-1-27.pdf
2022 going to be a great year for HOC & UFO :)
ATB, Max.
Fres Very like Hoc, the worry is lower profits this year, unless gold and to a lesser extent silver, turn dramatically up
Max111 - Fresnillo production numbers came in above last known guidance (issued to market in the Q321 update).
In that update they stated FRES were on track to meet full year guidance of 53.5 to 59.5 moz of silver and 675 to 725 koz of gold. Silver came in marginally below lower end guidance at 53.1moz however gold production was quite a bit higher than top end guidance with 751.2 koz produced.
Gold valued at approximately 80x the price of silver you can see the net difference in terms of meeting / exceeding guidance in lost / additional revenue was -$9m silver compared to +$45m gold.
What the market has reacted to rather is the guidance for 2022 which forecasts silver production remaining flat at 53moz but gold production falling some 15% to approx 625koz. These forecasts may well turn out to be overly cautious like the Q321 update was.
Max111
You only post on here to market your junior silver miner investment ....give it a rest
Silver getting ready for a huge rally. It's got a lot of catching up to do with gold to get to it's previous ATH.
FRES is down today due to production being down and also their grades are dropping, which goes to show they really need to do some M&A to boost production & grades.
This bodes very well for HOC which is the best mid-tier silver miner on LSE
and UFO Alien Metals which is the best junior silver miner on LSE (which has x2 high-grade silver mines next to Fresnillo).