If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
300k?
Tiger with Inmaculada reopening, and PM price rises, this is a steal. As I said on Monday "could be time, after results for a switch back to Hoc, us switchers please stay in touch". Wish I had thought to switch back first thing when as posted I thougth results were good. I was 7 figures down on my all time high of 2017 back in March. Finally today I am back up to that high, so forward into blue sky. for if Hoc exploration goes ok, so it can replace current production as it runs out and keep aisc much the same, then it could be making the better part of £300k a year before tax which would be stunning for a £1bn company, f my sums are at all right? of course the rating is far lower than Hoc because of exploration worries as well as Covid but I really think Hoc deserves a rerating imho
HOC.....(holder)well wasnt expecting this and stock up over 9%..........
RNS............
BUZZ – Hochschild jumps on better – than – expected Q2 output; RBC raises PT
15-07-2020 09:20
* Shares of precious metals miner gain as much 5.8% to 201.1p after co reports better-than-expected Q2 production of 32,712 gold equivalent ounces
* Brokerage RBC Capital Markets had estimated Q2 output of about 6,300 gold equivalent oz, while market consensus was 17,700 oz
* RBC raises PT to 205p from 200p, maintains "sector perform" rating
* However, Q2 production was still 73% lower than last year as operations in all three of co's mines in Peru and Argentina were suspended due to coronavirus lockdowns...
* Says its key mine, Inmaculada, in Peru is expected to ramp up to full production by July-end, after operations were shut again earlier this month as a number of workers at Inmaculada tested positive for COVID-19
* HOCM top gainer on the FTSE midcap index , and up ~4% this year, as of last close
(Reporting by Shanima A in Bengaluru) ((shanima.a@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK+91 80 6182 2587;;)
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^HOC&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Better than I expected.
Not surprised to see the sp going up.
The debt doesn't concern me here, had 80m net debt just a year ago with SP at 200p
This is one where I genuinely don't know which way the market will jump.
Disappointment over the past vs. hope for the future - which one will win out today?
Yeah net debt up but to be expected given the covid. I think if hoc was in full production and didn't have any disruption then we would be almost 3 bucks but this was expected given the covid situation.. like you said still strong cash. Long as we can get back on track for 2020. Other thing is we will sell gold and silver which was suppose to be mined for a higher price than we would have. Let's see how the market reacts. Although the production for q2 is a lot lower which the market expected... no major surprises.
Yep good to see confirmarion that Inmaculada is anticipated to be back at full production so soon.
Looks good to me, Inmaculada restarting,
Plenty of cash still, has barely fallen since Dec 31 from £166m to £162m , tho debt has risen from £33m to £58m.
Future guidance will come later after restarts but as long as mines don’t shut again should be churning out cash at these PM prices
Hi Sotolo!
I feel much depends on the commentary of the management tomorrow.
Can they assure us that the end of the mine shutdowns is in sight?
And how much has the coronavirus cost the company?
In advance of 2nd quarter results tomorrow that should be horrendous, but looking beyond them should become bright again, depends whether market does,
FRES is flying and why is HOC still under 200p? just because the mine is closed the silver in the ground is going nowhere even if silver price is $20 the sp should be alot higher
Spot silver price..........
https://www.kitco.com/images/live/silver.gif?0.197813403106194
HOC Hochschild Mining, one to watch very carefully with higher Silver Prices.
https://content.screencast.com/users/thomaser/folders/Default/media/80c8ea84-b028-4a1b-8af8-d135e44f05c5/hoc%203.jpg
hoc chart shows a potential bo, sp 208 possible today
as i posted last week Slv fut reached 1950, i expect prices will go much higher as we approach July delivery date GLA
silver and gld are having a rally my forecast 1830 xau and 1950 silver, should be a strong lift to miners