The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Silver is building up ovely, I am starting to think 2024 will be a good year for silver bulls ...touch wood,
FYI very approximately if my sums are right we are heading down to around a third silver now, with getting on for two thirds gold.. Also worth noting that this year over half our gold is hedged or has a collar, and from next year around a quarter. On 12 April 2023, the Company hedged 27,600 ounces of 2024 gold production at $2,100 per ounce, on 19 June 2023 the Company hedged 150,000 ounces of 2025, 2026 and 2027 gold production (50,000 per year) at $2,117, $2,167 and $2,206 per ounce respectively, and on 14 December 2023 the Company hedged 100,000 ounces of 2024 gold production using gold collars with a strike put of $2,000 per ounce and a strike call of $2,252 per ounce. So we will have to wait to 2028 to take full advantage of the new prices but it was maybe necessary to protect Mara Rosa profitability and paying back interest?
u
"Been saying for 13 weeks that #gold has a blue mega breakout.
Now also #silver has a blue mega breakout."
https://twitter.com/graddhybpc/status/1775064909857824775
Company has said they are looking at selling three non core assets (all not in production) and one of them is a large one.
If they received $15m on this + royalties there’s a lot more to come from this side of the portfolio. New Management are doing well here
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
Increasingly friendly regime for miners in Peru:
https://www.mining.com/draft-decree-allows-miners-in-peru-to-exceed-daily-installed-capacity-by-10/
Https://seekingalpha.com/article/4681468-hochschild-mining-undervalued-mid-tier-goldsilver-producer
JPMorgan think $2,500 year end, Goldmans on $2,300
HOC on 6x earnings is way too cheap. Could be 150p this week
"Gold had a historical breakout 12 weeks ago.
Silver is now in the making of a similar mega breakout.
Posted on the gapfill as probable turning point for this ratio, and it was.
#silver miners should start to outperform just about everything."
https://twitter.com/graddhybpc/status/1772914171153166783
A breakout on the cards again imo
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.
Fill the gap or just crack on?
Gold / silver having a pullback.
Patrick Karim @badcharts:
"There is no such thing as a CRYSTAL BALL.
Chart trading is about PROBABILITIES.
#Gold outperforming inflation is INCREASING the probabilities #Silver can BREAKOUT."
https://twitter.com/badcharts1/status/1770761380703932706
Yes they are up against it but I suspect it’s all by design to enable the push to a new global monetary system. US and global debt is off the scale.
Commodities boom cycle has begun. Gold all time new highs overnight and silver breakout in effect.
Powell appears to have lost it and all hell is breaking loose.
Its like what I heard about the 70s..
The only disagreement among economists is whether Burns fully understood the mistakes he was making, or was so wedded to incorrect Keynesian theories that he didn't realize what he was doing. The only alternative is that he was under irresistible political pressure from Nixon and had no choice. Neither explanation is very favorable to Burns. Economists now recognize the Nixon era as Exhibit A in how the adoption of bad economic policies in pursuit of short-term political gain eventually turns out to be bad politics as well.
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.
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.
Question, how to remove a different equity , from my watchlist, in lse ?
Needless to say, I prefer to avoid a bloated watchlist.
So JPMorgan said this about Hochschild and valuation:
"HOC trades at spot 2024/25E EV/EBITDA of 2.1x/1.6x vs
precious metal peers average of 4.9x/4.0x. We are Overweight"
Jilen - you've posted that on loads of BBs here. You're not involved in it financially by any chance are you?
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/