The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I am looking for a nice average down. 62-64p area looks like a good area of support.
Looking for 66p next week
https://www.nasdaq.com/articles/rbc-capital-markets-reiterates-hochschild-mining-lse:hoc-outperform-recommendation
Analyst Price Forecast Suggests 56.18% Upside
As of April 24, 2023, the average one-year price target for Hochschild Mining is 112.22. The forecasts range from a low of 101.00 to a high of $141.75. The average price target represents an increase of 56.18% from its latest reported closing price of 71.85.
I’ve been buying a nice chunk around here
lost c 27% ,now @ support ,will buyers step in here ?
50 ma gone, next is the 200ma at circa 70p with lower support level at 62p
Hmmm yummy
Sell and move on losers, you obviously can't handle the volatility and the losses.
If lse would let me id post a picture of a person with a big nob on their head that was dangling into their own mouth....
Now opened a long looking good on the hourly for a little retrace.
Buy 76
SL 73.6
Just closed my short for a 5% gain on 4× leverage ...
Traders dream this stock
7% down
On the plus side the Harami has been avoided lol
Bearish Harami on the cards
It's how he sees it...."President Gabriel Boric said the decision would help Chile retain more of the wealth generated by mining lithium and protect its environment.
He said: “This is the best chance we have at transitioning to a sustainable and developed economy. We can't afford to waste it.” "
But you Noel perhaps....but definately I.....still see that innovative private sector adds to the party and government leading the way subtracts!
He will "balance" his policy if he really wants success! Davos will let him know the way to go!
But I think you Noel...just came on here to try to export fear to HOC shareholders.....junior! lol
"Chile Stuns Markets And EV Makers By Nationalizing Lithium Industry Overnight"
https://www.zerohedge.com/markets/chile-stuns-markets-and-ev-makers-nationalizing-lithium-industry-overnight
Should we be worried?
Well since I sold HOC FRES and CEY this week they are down 6.5% 3.79% and 3.71% respectively.
The accounts yesterday just added to the volatility, the trend across the board this week has been down.
Dead cat bounce.
Before posting ongoing nonsense on this board , read the transcript to better understand as to why the shares are rising. Yesterday was a tree shake to take out the weak holders. Onwards and upwards for the share price.
https://seekingalpha.com/article/4595330-hochschild-mining-plc-hchdf-q4-2022-earnings-call-transcript
oversold from results yesterday?
Any reason for SP rise
Results were bad, however this was during a year where Peru had civil unrest, a communist president, gold and silver prices around 30% lower than today, and uncertainty around the Immaculada permit.
Over the next three-six months, gold and silver should post some solid gains, Immaculada will be confirmed and the risk of this company will come down due to the diversification into Mara Rosa and first pour in 2024.
I think this share is undervalued as heck at these levels and the profitability of this company will improve, provided they get the permit.
That hedge for 2100 is either a blinder of a hedge or an indication that good is going to fly.
Anyone know who the counter party is?
100% Stanley, I think he was saying DYOR
Facts!
Should get a nice pop tomorrow
Gold hedged at 2100 dollar per oz is a masterstroke by the board, new mine opening in Brazil 2024, sure this company has had its fair share of headwinds over last couple of years, mainly political, but looking forwards this one looks like it has huge potential.