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On the subject of govt and tax ...Reminds me of the brush off Johnson got from Bezos trying to get him to play ball on tax due to Amazon smoke and mirrors and routing everything through Luxembourg i Believe.......If that was me I'd use all the powers of the law to literally make an example of Amazon and literally shut them down.....I use Amazon for just about everything and I would applaud making that bald headed Blofeld lookalike pay or just get out of the UK. I doubt I am not alone...it's not like they actually make stuff I want I can source elsewhere and so can everyone else !
" It seems that the Marxist government have realised that they need them as much as they need them. "
Obviously their Marxists are more pragmatic than the Marxists in Washington and Westminster :-)
"Anyway just topped up as convinced gold will hit 2000 at some point in the next 5 years."
Gold could blast through 2000 in the next 5 weeks ! in 5 Years it could be 5000 !
Spindler
The Peruvian government have clearly seen a change of tactics with foreign investment particularly in the mining sector. It seems that the Marxist government have realised that they need them as much as they need them.
Sadly safety is still an issue as there has been quite a few fatalities in companies sub contracted in the sector which is understandably a concern with the government.
Just got back from lunch, and very nice to see hoc has turned North, and now fres going back down again.
HOC just seems historically cheap to me..i know there were the political tax issues...would appreciate an update on that from anyone ?
HOC had been hovering around 3.20 mark just over year ago when CEY slumped from north of 200/220 at that time to below a quid now. The bet is which one (if either) will retrace to it's OTH, my bet is HOC. But I'd be interested in others such as Sotolo thoughts ?
The only thing i can think of with CEy is if Gold goes bananas ...aka a rising tide floats all boats
The trouble with CEY is it is a one trick pony with a single asset not 4 as with HOC and that single asset has pitwall issues regardless of it's long mine life. It was all go swimmingly until Oct 2020 and now look where the SP is ! They are trying to sell the undeveloped West Africa undeveloped asset obviously beause they don;t want the costs of developing it. I can't find any compelling case to buy back into CEY but I have with HOC this week
Although subtle, the update was ‘firmly’ on track. Full year update is looking very good and may exceed expectations.
If PoG remains above $1800 or turns positive then I’ expecting a clise of above 160.
Just my opinion of course.
Well I'll add to the posts! Seems undervalued given the price of gold and today's RNS. Political uncertainty and attention on Bitcoin must be playing a large part. Anyway just topped up as convinced gold will hit 2000 at some point in the next 5 years.
" For the first nine months of 2021, average realisable precious metal prices were $1,771/ounce for gold and $24.8/ounce for silver (Q3 YTD 2020: $1,788/ounce for gold and $20.5/ounce for silver). "
" 2021 all-in sustaining costs on track to meet $1,210-$1,250 per gold equivalent ounce guidance ($14.1-14.5 per silver equivalent ounce)"
It is prices and costs that are the key numbers .."on track to meet both our full year production and our cost targets "
Nice to see that they have just been getting on with it
Sololo
Another thing of note. Investors must now be concerned over inflation or possible hyper inflation so adding a PM producer would be prudent. This also applies to the bigger institutions. If I was looking around HOC would have to be right up there especially after today's update. No hidden surprises, everything on track and meeting expectations. Also an opportunity to add a REM investment via the backdoor.
As posted previously, for now the PoG is the driver in the sp direction.
Sotolo
I see the 'apparent' lack of interest here as a positive. Less likely to be volatile on any swings. Yrs, great update today but of course the 'markets' will be more focused on the PoG (as per) May get some analysts and brokers throwing their 2 penneth in later. Pattern recently is the sp moves when our cousins across the pond get out of bed.
Amazing how stunningly little interest in Hoc results on LSE with just me and Bo77’s ‘looks good’ compared to roughly similar sized Centamin, which has just loads of posts?
Cash of $13m compared to cey 6.9m so virtually double. Not
Much less produced at lower cost
Our cap £800m, cey 1.1bn. They have. A longer mine lit but if we can keep extending mine life like this and politics good, plus of course gold stays up, hoping we head back towards £2. A lot of ifs but not bad at all. Question how much the rare earths are work. Book value is of course much lower than sale value which I hope for nearer $100m. Plus will Snip make much difference. Lots of questions for the call
I was just about to post “looks good” but you beat me to it, particularly finding nearly two years of
normally mines inferred gold and silver so far this year. I posted I bought twice after quite a while in the mid 130’s on the good political news. I look forward to hearing more about that in the call
looks good.#.positive !