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Started: Max111, 23 May 2024 08:50
Last post: Max111, 23 May 2024 08:50
"We never expected a shout out for #SilverSqueeze from Silver Institute, let alone their confidence in a higher future price, until we realized Mike wasn't talking to Americans, but India."
https://x.com/rWallStreetSilv/status/1793547918647103716
Sprott Asset Management
"Both #gold and #silver have posted notable gains in 2024. Gold reached a new high and garnered strong support from central bank buyers, while silver demand has risen due to photovoltaic solar panels."
https://x.com/sprott/status/1792933461696590228
And back over $32 we go!
Sure has been an exciting few days in the #silver market...
https://x.com/ArcadiaEconomic/status/1792910606191690078
Ahha... HOC is my largest metal holding, but almost any of the smaller Gold/Silver miners could take off. I would like to think that MTL could break-out, but with classic AIM market company news it appears they have trouble understanding the contract that they signed re loan agreement. It would be interesting to read an extract from the contract re the loan repayment issue. KEFI (a long term punt) jumped 20% at one point today and could well repeat that in the future, though they have no revenue, but talk of jam tomorrow, which may happen if the Ethiopians/Saudi's push ahead with their plans.
Hi Nimrod, out of all the mining shares you have been watching, which of them has the most potential in your opinion?
92% since my first buy in August 2023, and doesn't look as if it will stop rising as Gold/Silver continues skywards with the afterburners on full throttle !!
Started: TheOracleofOmaha, 20 May 2024 05:25
Last post: Max111, 20 May 2024 14:33
Silver going much higher:
"The most active Shanghai #silver contracts rise above 3% in the night session."
https://x.com/Sino_Market/status/1792544539896676733
Potentially a special divi for volcan or maybe they just try and raise capital and keep a sizable stake. Would prefer the latter but not for another 6months atleast.
Apparently, they are not paying a dividend at the moment, despite the information on this board! Maybe they will recommence the dividend, that will certainly help to boost the share price.
As far as how far this share can rise, I am not greedy, one of my short term targets is £2.20 But certainly £2.50 is a strong possibility. And in the next two years Maybe much higher!!!
Divi is going to get bigger too maybe even a special one
Wonder just how high this can go if PMS keep on rising?
Started: Nick1234, 17 May 2024 13:30
Last post: JWBellamy, 20 May 2024 05:16
Very nice, still kicking myself selling that spread at £1.26 but i have a holding anyway
Yep looks like a huge vote of confidence in the new mine
Eduardo Landin acquired 148,000 Shares on 16 May 2024 at an average price of £1.5931 per Share. The Company was notified of the transaction on 16 May 2024. Following the purchase, Mr Landin has a holding of 430,700 Shares, representing 0.08% of the Company's issued share capital.
Great to see he is putting his money where his mouth is.
Started: ahha, 18 May 2024 11:47
Last post: Sinterklaase, 18 May 2024 13:54
Well done ahah,
Bought Hoc in 2014, 2019 and will buy again.
Silver could 10x, in next five years, but could double quickly, HOC.L can 5x, Alien Metals UFO.L could 50x.
Prefer diversification of SILG.L, as holds 25% royalty and streamer Wheaton Precious Metals WPM, and all the best Silver Producers, they can buy after hours, save me being ripped off with FX and international spreads, and save me going in on one jurisdiction. I may lose a little bit of beta for a better risk reward.
Then add a moon shot explorer like Alien Metals UFO.L, with highest grade Silver mine in tier 1 Australia, shut down after a year due of production due to a fall to $5 Silver.
2nd best Silver drill intersection globally in the last 4 years 83,000 g/tm, near surface nuggets, and the deposit source yet to be located. In an explorer that is 7 months from Cashflow on its Iron Ore tenements, and will be able to fund development with or without a JV.
Check out pictures at the bottom of the link.
https://www.alienmetals.uk/project/silver-elizabeth-hill/
Really hope HOC does well, know Don Durrett loves it, and having been in and out of it since 2014, hope the company gets the valuation it deserves.
I have been a holder of HOC for about 5 years and I was sitting on a loss. Very fortunately, I recently increased my holding by 5 times some months ago when the shares reached £1. That wiped out past losses and put me into a healthy profit. But on Friday, on the news that a director had bought in after a long period of inactivity.....and the news of a silver breakout, I pounced!! I increased my current holding by x 3. And so, I am anxiously looking forward to the opening of the markets on Monday. Of course, as is often the case, there may be a huge sell off of silver and the usual manipulation. But somehow, this time I think it is going to be different. What do the rest of you think? I can see HOC going to £2.50 in time.
"Been saying lately that $SILVER will break out soon, and that it is a GENERATIONAL opportunity. It then broke out above blue line. Note the two previous blue breakouts of similar weight.
Now up against black gate 30 level."
https://twitter.com/graddhybpc/status/1791024595010453928
"Silver prices are teasing us near $30 per oz ... highest level in over 3 years."
https://twitter.com/WallStreetSilv/status/1790811993135272409
Hoc just been taking a well earned breather after a meteoric rise…
Who knows?
HOC doesn't appear to want to roll over just yet.
More like it is waiting for a starting gun.
Great rns about Mara Rosa production.
Yet the SP appears to be struggling. A case of buy the rumour, sell the news?
Started: nimrod22, 21 Apr 2024 18:29
Last post: nimrod22, 21 Apr 2024 18:29
I was wrong re up 82%, its actually 89% from 9th August !!
Started: Max111, 17 Apr 2024 15:59
Last post: MrBond007, 19 Apr 2024 16:32
And reading the article I can't see any deficit. Every year for long enough 20% of supply has gone into investment - that's a lot of bars. If one day silver does rise significantly there'll be a lot of people rushing to Ramsdens to cash in IMO. Despite all the 'bigging up' of silver for 15 years reality never appears to show a shortage. Also, as we know, many more new solar panels will continue to use less and less silver as manufacturing processes change. Yes I'm a holder and of Fres , but got a bit fed up over the years of Keith Neumann giving us $100 silver. Gold at $3000 maybe silver will get near to $40.
I swear they´ve been saying that for 15 years?
"Silver prices, which are near a three-year high, should remain supported by record industrial usage and a supply deficit, the Silver Institute says"
https://twitter.com/business/status/1780582140096237862
Started: ahha, 17 Apr 2024 11:03
Last post: ahha, 17 Apr 2024 11:03
Looking at the charts, I can see this going to £2.50 before the end of the year or early in 2025. Obviously, there will be pullbacks on the way and maybe a major stock market correction! However, this share looks to be on the ascendancy.
Started: Deepsurvey1, 12 Apr 2024 08:33
Last post: Deepsurvey1, 12 Apr 2024 08:33
The Gold and silver prices are going balistic
Started: Max111, 9 Apr 2024 14:03
Last post: Max111, 11 Apr 2024 11:59
"Been saying for 14 weeks that #gold has a blue mega breakout.
And previous quarter, also #silver had a blue mega breakout.
Now it is up against gray resistance price range.
Historical breakouts. Historical opportunity."
https://twitter.com/graddhybpc/status/1778369127091978518
Is this too extreme?
"Ron Paul: $20,000 Gold"
Not only is Ron Paul saying Gold can 10x and add a zero without breaking a sweat, he points to history and shows it's already happened once before.
https://en-volve.com/2024/04/09/ron-paul-20000-gold/
"Silver is on 🔥🔥🔥
Approaching 3 year highs.
It was stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1777698319290011687
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November"
https://twitter.com/MacleodFinance/status/1777630858284876242
Last post: bolland07, 8 Apr 2024 16:10
Monkey
That would be nice to get!
Closed my spread at 1.27 too early :-(
I’m looking for a straight move to £1.75 area - then a breather bouncing between £1.50 and £1.75 before a move back £2+
I think i’ve been in this similar amount of time! I was greedy when we saw 150 last time and have not sold and it’s been going down for a long time after that! But we’re in much different situation now, i think, as PM are going up, permitting issue seems to be dealt with and Mara Rosa operational..
"$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
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
Wouldn’t be surprised to see £1.50 hit here by end next week …
Started: mike, 1 Apr 2024 21:07
Last post: Sotolo, 2 Apr 2024 07:14
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
Started: LythamSlim8, 20 Mar 2024 22:30
Last post: LythamSlim8, 1 Apr 2024 22:50
Increasingly friendly regime for miners in Peru:
https://www.mining.com/draft-decree-allows-miners-in-peru-to-exceed-daily-installed-capacity-by-10/
I want what the PBoC wants:
https://www.gainesvillecoins.com/blog/pboc-secretly-bought-record-735-tons-of-gold-2023
"Quarterly candles can give VERY POWERFUL signals.
5 trading days left for #SILVER to regain a CONVINCING breakout posture..."
https://twitter.com/badcharts1/status/1771137193903362523
I sold a small SB yesterday when i saw that gap
Given the pullbacks in Gold / Silver since the post-FOMC highs, wouldn't be at all surprised to see that gap filled.
Started: stargate, 20 Mar 2024 13:06
Last post: kenj, 20 Mar 2024 18:06
There is what looks like a No Entry Sign on the far right of the screen display for each company. Click on it to remove that company.
NB: You may have to reduce the screen resolution to display this icon.
Question, how to remove a different equity , from my watchlist, in lse ?
Needless to say, I prefer to avoid a bloated watchlist.
Started: Kingfisher68, 20 Mar 2024 14:12
Last post: Roofer61, 20 Mar 2024 14:29
Sounds great 2£ target , but must factor in interest payments on loans , short term be happy with 130p
Snargate to delete simply scroll across on chosen ticker and press the no- entry sign...atb
Consensus on this group chat seems to be that HOC will trade in a £0.90-£1.15 range, so buy-sell-buy-sell ad infinitum at these levels. Maybe we're underestimating the upside here. The key factors seem to be: (1) higher gold prices in latter part of 2023 and Q1 2024, (2) Mara Rosa (Brazil) to provide 83,000-93,000 Au ounces of lower cost production, and (3) silver prices may be set to move north. Additionally, we cross our fingers for some good news on the exploration side of the business. 2023 EBITDA was $274m (an unchallenging 3.7x multiple). Consensus 2024 EBITDA is $385m. But the bulls believe 2024 EBITDA could be in the $400m-$500m range with some favourable tailwinds. This would see the share price move up towards the £2 mark. We've doubled our stake today.
Started: Gino73, 17 Mar 2024 20:58
Last post: Gino73, 17 Mar 2024 20:58
Jilen - you've posted that on loads of BBs here. You're not involved in it financially by any chance are you?
Last post: NoelShempsky, 16 Mar 2024 18:58
Dare I mention King World News?
India Creating Short Squeeze In The Silver Market
MASSIVE 3 YEAR CONSOLIDATION:
Silver’s Short-Term Breakout Target = $40
https://kingworldnews.com/india-creating-short-squeeze-in-the-silver-market-and-look-at-gold/
66% over the last year. Not bad going, with more to come
Started: Kirk1976, 14 Mar 2024 08:24
Last post: bonker99, 15 Mar 2024 20:45
Get this - Tesla have funded a Silver mine to secure offtake as they cannot buy the Silver they need on the market.
https://twitter.com/bonker_99/status/1768683236736053649?t=jLmxDaXnn3USSIDNNR7Ptw&s=19
Stanley that was the years from before the election of Pedro Castillo when Edoardo seeing what was coming sold 61.7million shares at £2 and we fell nearly 4 fold through the threatening politics and Inmaculada riot and closure threats until the regime change. Since then the mantra has change to you can always sell for more. So hold on the future is now bright especially since are also investing to replace falling output from old/closed mines. As written I have been rebuilding to the core I hold. Full of hope, lots of potential imho
Same here, out for now. I'd like to put Sotolo's theory to the test that you can always buy it cheaper :)
In an up channel but the inital move is over so out for now. Will rebuy sub 90 in the near future but may travel to 126p first.
After yesterday's market making, looks like the likes of ajbell etc. went hunting for stops as there has been a lot of buying in the £1:10 area, which hopefully means the shares are rerating and will consolidate in that area. At the previous highs last year, noone was buying at the top.
Started: Monkeymoo, 14 Mar 2024 12:25
Last post: LoveLosses, 14 Mar 2024 12:45
Ditto
It’s a sit and hold for me - in at 89p from around 4 months ago and will wait for the multiples to come . When this moves it can go quick - gla
Started: Rocket79, 12 Mar 2024 09:47
Last post: headder, 13 Mar 2024 17:03
Thought about selling but once I looked at the widened spread I could see the price drop was due to market makers trying to take your stock for £1.02 and sell it back to you for £1.05. obviously, if the shares traded higher it would have been another story but, for me, seeing the price hold that level it looked like an easy reason to hold as I'm not a market maker.
Hope you all held your nerve this morning!
Note last year interest paid on loans was $28.9 million (2022: $15.3 million) due to rising interest rates however the overall debt on the balance sheet has increased too. Factoring in the continued rate rise through the period, the reduction in liquid cash and reliance on fully drawn-down loans I'd imagine interest this year will be considerably higher once more.
Regardless of whether margins improve this year the company is highly geared in a high rate environment with extensive capital costs outstanding. Not one I'd buy over other more attractive producers at this level
Range 85p to 120p - nothing has changed - trim add - way to go. Part added 101p purchases after 110/112p sales nice turn .
Will add as usual at 80p 90p if if comes again but who knows.
Let's be honest, it was almost certain that divis won't be reinstated just yet. In 2024 sorting out the debt is high up on the list.
Started: mike, 13 Mar 2024 14:41
Last post: MaryBr190, 13 Mar 2024 15:40
An IC tip is not necessarily a good thing :)
From IC
Take another look at Hochschild Mining as it regains its shine
South American gold and silver miner will consider return of dividend at mid-year
March 13, 2024
by Alex Hamer
Cash profit climbs on improved gold prices and weaker Argentinian peso
Push into Brazil continues with new mine purchase option
Even for a company that specialises in digging, Hochschild Mining (HOC) has done well to unearth a better portfolio within just 18 months. The South American company has been weighed down by expensive operations and a permitting hold-up at its key mine, Inmaculada.
But the completion of a new mine in Brazil and a path to improving the Peruvian operations does put it on the upswing.
Adjusted Ebitda for 2023 was $274mn (£214mn), up 10 per cent on the year before. A $34mn drop in exploration spending and $21mn boost through an Argentinian preferential exchange rate programme also helped this figure, although it is still $100mn down on 2021. Analysts see improvement again this year thanks to the higher gold price and cheaper production at the new Mara Rosa mine. Production in 2023 was 300,749 gold equivalent ounces (oz), which includes silver, and the guidance for 2024 is 343,000-360,000 gold equivalent oz.
The realities of looking for profitable new operations was obvious in the 2023 income statement: reported profits fell on $80mn of impairments and another $17mn came from a write-down on the mining unit of San Jose in Argentina.
Debt rose in the year due to the Mara Rosa construction cost. Chief executive Eduardo Landin said the company would consider bringing back a dividend once Mara Rosa hits commercial production, expected mid-year.
Landin, who said Peru was more stable even after a change of prime minister last week, also flagged a greater commitment to Brazil through a new option over another brownfield project, Monte do Carmo. He said this could be another Mara Rosa, if further exploration confirms the seller’s pitch in the next 12 months.
Hochschild still has a way to go to balance out its new growth spending with managing some still ageing and expensive mines, like San Jose, but it is cheap enough and has good enough prospects to warrant getting back in. Buy.
From IC
Hochschild still has a way to go to balance out its new growth spending with managing some still ageing and expensive mines, like San Jose, but it is cheap enough and has good enough prospects to warrant getting back in. Buy.
Started: MaryBr190, 13 Mar 2024 07:19
Last post: MrBond007, 13 Mar 2024 11:19
Maybe we can but hope but a consultancy group, in on the act, that´s never going to ensure a good night sleep for me.
55p seems so last year. To have abd to hold. Add & trim to 🏆 win.