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Not sure how a vaccine what doesn’t work will help but that’s another matter. Drilling hasn’t stopped which is the main thing, the whole sector as a whole seems to be on its arse at the minute so it isn’t just refined to us. Should get at least some sort of update in the webinar, not too long to wait. I don’t blame people for sitting on the sidelines, dry powder seems the best option at the minute, though I am holding long and strong. Good luck to all.
Webbs, as in the fourth worst in latin America with a new daily record of 650 , ie getting worse .unfortunately vaccine rates will be very low in colombia so their figures will continue to rise. The relevance being that any worsening of covid may well affect things in colombia .
After spending last year in covid related shares, agreed the numbers would have been horrific without lockdowns and now vaccinations but the innept response by this gvnt for prevention last year is certainly a big reason for the numbers . As for being an island ,not much use when you dont put any restrictions or testing on travel for ages.
A good health system with a lack of basic provisions and substandard equipment sourced by dodgy carptbaggers .
OMI and UFO were promoted by pumpers on GGP.
So was ROCK. Pumpers need Muppet investors. Many
are caught when a pumped up share spikes and PROtraders
sell. The share goes down , PROs collect and start pumping.
Good management gives a helping hand.
Hi, Happy
In a large company, of course there's an advanced division of labour, which will include a PR department; but in a small company, there's less scope for delegation, and the CEO has to perform the functions I mentioned.
Even in a large company, the CEO is always conscious that he or she is the public face of the company, and has a duty to represent it. For example, Sandeep Biswas, the CEO of Newcrest, gives regular video presentations, which are excellent, because he has a commanding presence and a thorough knowledge of the operations of the company. And Iikewise, Tom Palmer, the CEO of Newmont, recently found time to explain what that company was doing in a Kitco interview.
Best wishes.
I just can’t imagine what our numbers would of been if we didn’t all stay at home in lockdown’s
As in not good compared to the UK with 128,000 deaths when we are a island and have one of the best health systems in the world.
https://www.france24.com/en/live-news/20210622-colombia-death-toll-from-covid-19-tops-100-000
Latest figures for colombia are not good either .
"if one's a CEO of an exploration company, it's not enough to be a good geologist; you have to be good at PR too and finance"
There's certainly some truth to that but you could argue nobody ever has all the skills needed for any complex task. At heart great management is about finding, motivating and inspiring confidence in those who actually have the different skills a business needs. With the right people around them a great manager only needs enough understanding of the bigger picture so as to to delegate appropriately.
It would do no harm to periodically have somebody put out a few reassuring words to engage with private investors and let them (us) know we are not forgotten, whether that's the CEO or some spotty teenager employed to manage company social media posts probably matters less in the modern world than in the past. So long as the information is professional and not misleading it should help regulate sentiment.
Cheers
HH
Hi, EWT @16.32
Thanks for the reply, and also for the info in the first sentence of para 3 (I will investigate further). There's still no election result in Peru; but Pedro Castillo is now talking about taxing the mining companies, rather than nationalising them (an important difference for shareholders of Hochschild). In Colombia, I cannot say that I am altogether happy with a government which has recently shot dead 60 protesters. If this is a formula for political stability, I'm a Dutchman (a phrase which dates back to the Anglo-Dutch wars of the 17th c.; they won, we lost).
Best wishes.
Hi, happy @16.38
It's a fair reply, and I agree with the last sentence of para 2. But I maintain my basic point, which is that if one's a CEO of an exploration company, it's not enough to be a good geologist; you have to be good at PR, too (and finance, but that's another story).
Best wishes.
I understand about the lab delays, but labs all over are delayed for various reasons, in Australia many labs are backed up by sheer demand.
I suppose it comes down to whether you view delayed results as a major problem that affects the desirability and prospects of a company, or merely a minor irritation we have to wait out. Short term traders will always drift away if there is no news to move a price, but long term investors won't. Artificially trying to stimulate or create news is very much a double edged sword.
Good communication from a CEO can help but I'd be cautious of too much cheerleading having seen it's damaging affects in other explorers I've invested in.... All that really needs to be said is that we've no reason to doubt the quality of results, we simply don't know how soon we'll get them back. If we have to ride out a short term loss of sentiment and dip in SP, it doesn't affect the quality of the company.
I think you are right in that the board could do more here, Impecunious. Boots on the ground and buying more are the two things they could be doing but which we are lacking at the minute.
However, it takes some buying pressure or some good news (or news hype), to reverse a share price like this that is basically drifting on no forthcoming news. But I do think the market is completely irrational - KOD add substantial value from 4g/t highest grade results from early stage project, we get 10+g/t and lose about 2/3 of our value in the following months - completely irrational IMO.
The only good news is Peru's death and new infection rate is now cooling off fairly dramatically, so hopefully the wheels begin to turn a bit quicker now. Lord knows we need some strong drill results, some new tenement approvals, some good indications from early stage exploration (sampling etc), and maybe an extra drill rig.
I dare not say it can't go lower, because who knew it would drop this low.
GLA.
Hi, happy @15.53
The problem is, I don't think the sentiment is irrational (despite having £50k invested here). The delay in the lab results in Peru is all too permanent (the worst Covid death rate in the world, per head of population). What we need to see is Brad, with his boots on the ground in Colombia. It's no good hiding away, in his daughter's bedroom in Australia; he's my age, so he must have been double vaccinated. We need to see him, standing in front of a drilling rig, saying "The prospects here are excellent." If Nicole at Thor can do it, why can't he?
Best wishes.
If anybody doubts that irrational sentiment is more important than fundamentals to low volume AIM stocks, at least in the short term, then I think we have the proof here.
However whilst sentiment can disappear in flash for no apparent reason, the opposite is equally true as we all know these stocks can go from massively undervalued, to massively overvalued, and back down again without needing a logical reason.
It's a shame that the small rise from earlier was short-lived, but hopefully some clarity in the next webinar (or before) will restore the sentiment here.
That's a big un - some decent trades today.
This has to turn at some point and these things usually happen when least expected, one would hope some news will come before the CEO presentation on 6th July, only trading days away.
Hard to believe the share price was 41p in late February.
Nice move.
Do i see blue...or am i colour blind? A refreshing vibrant colour methinks.....more please its certainly about time