Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is a huge vote of confidence from this hedge fund. Most of their other holding is in major mining companies such as Agnino, Eldorado, Kinross etc
Serious rally coming..
Equinox Partners Investment Management, LLC takes 3.09% stake ..
https://www.londonstockexchange.com/news-article/HOC/holding-in-company/16080568
The current sp, retracement was signalled on 4/8/23, when the lower Bollinger band began to turn up. Price above 80, has previous price action indicating possibility of support, for current sp. However long term trendline is about 75, if support above 80, does not hold. If RSI(relative strength index), gets below 50, then a cross back above 50, will signal trendup, has recommenced . Otherwise, trend will recommence, when close is above preceding high. At that point, the position of the lower bollinger band is of no consequence . Do however expect the upper Bollinger band to be going up.
Tbh was surprised that it did not maintain the gain from the licence news after supposedly being under risk of losing it's main revenue is that ended.
20 years agreement does not seem in the price now the risk is gone and adding on dips as it seems the thing to do.
SP dropping back slightly but on very low volume. Seems to me just a lack of enthusiasm currently.
But when sentiment switches again, as it surely will, this is ripe for anything between a 50-100% rise from here IMHO.
So well worth building a position for the inevitable rerate following the recent very positive developments not reflected in the SP.
Again, just IMHO
Price reaction today, has brought sp, into contact with peak of 83.25, on 7/6/23. Today price low fell below 83.25, but close was above 83.25. On the basis that equity is still bullish , this may signal absolute low currently, so expect sp, rise from here.
Gold price up at time of posting $7.50c oz .
I'd upgrade her merely because she's not in Africa right now ...
HOC now meets the requirements for the Charles Kirkpatrick Bargain Screen (Bargain Stocks). In the "Bargain Model", the demands are precise. Stocks ideally need to be displaying relative strength in the top 3% of the market, while the relative price-to-sales ratio has to rank in the 17th to 42nd percentiles.
As mentioned yesterday HOC also meets the "Bold Earnings Revisions" (Jack Hough) requirement.
Looks as if there are many up pointers for HOC.
Gold up in Pounds 63% over 5 year period, and 59% in Dollars.
First of many analyst upgrades
Gold moving up nicely
Hochschild Mining plc's (LON:HOC) Intrinsic Value Is Potentially 41% Above Its Share Price ...
https://simplywall.st/stocks/gb/materials/lse-hoc/hochschild-mining-shares/news/hochschild-mining-plcs-lonhoc-intrinsic-value-is-potentially-1
More positive news
Dark, it seems to have settled around 90p for now and rising or falling with PM prices, maybe until the report in a fortnight? I am still expecting the price to rise sooner or later to around 120p at current gold and silver price, remember we are heavily indebted just now and dependent on Inmaculada cash to pay for Maria Rosa and Pallancata whose profits are in the future.
Https://www.thetimes.co.uk/article/hochschild-gets-mining-permit-boost-vr3gx67ch
The chart formation from 24/2/23, represents an old pattern , called a coil, which is normally fast moving, after it breaks out of its sideways movement. Using two different price projection methods for the coil, gives a target price range of 120-130.
Shares in Hochschild Mining soared yesterday as the seller of silver and gold said it had received a long-awaited green light for one of its mines.
Its share price increased by 17.5 per cent, or 13.3p, to 89.5p.
The British-based company, which employs 3,600 people, said its Inmaculada mine in southwest Peru had been granted an environmental permit for another 20 years.
Boss Ignacio Bustamante said the development would add significant value and boost productivity at the site.
For mature gold miners a government agreement to expand the mining area is a big deal
https://www.dhakatribune.com/financial-markets/321440/hochschild-mining-lon-hoc-up-16%25-on-inmaculada
Considering today was a bearish day, the SP did pretty well. Should rise sharply in coming days.
Not a holder anymore but pleased to see shareholders doing well today - the best of luck. Think this will definitely motor ahead now.
I have to agree with the analysts for a change. Low end at 99p and a target at 105-106p.
HOC meets the "Bold Earnings Revisions" (Jack Hough) the strategy identifies stocks that have received an earnings forecast upgrade during the past month.
The 8 analysts offering 12 month price targets for Hochschild Mining Plc have a median target of 105.66, with a high estimate of 157.31 and a low estimate of 100.96. The median estimate represents a 38.65% increase from the last price of 76.20.
Ps Dark I just read your figures below, seems we are on just the same page
Dark Knight, I am thrilled and happily surprised. This is not a compromise but an absolute result. All the politics that hit us and made our share quarter is now through. Borrowing has become high and production fallen and costs up, but this does not justify the share still having more than halved. It won’t be an easy next 12 months but Inmaculada should be churning out the cash to pay for Maria Rosa and Pallancata exploration. Then we should be a 400k oz a year mine, not far short of Centamin and with similar costs, but getting on for a third of the value. My view is the share price should be around 110 or 120, but let’s see the results in a couple of weeks. And if gold and silver were to pick up a bit I should hoe for 150. I wickedly added a few more this am.