We would love to hear your thoughts about our site and services, please take our survey 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.
Yes amazing that silver is a mere dollar, or 3%, off its high last year when Hoc got to 326p, but now we have all the challenges, our silver is less than our gold and a third is hedged. Still seems a bit harsh till we really don’t find more metal, costs really do rise and stay up, Bioatlantides is delayed further and tax more than doubles - time for a rebound!
$1,865 / $28 :D
HOC leading the pack on the day - they must be ready now.
Silver at its highest in 3 months and Hoc down 10%, at some point hopefully soon market will work out future lower profits for various reasons already in the price and we can begin tracking the metals again, but no one seems to want poor unloved hoc right now
Not selling, as I am v hopeful if gold can hold through the 200 day average it has just touched, though Hoc has yet again barely moved on a 1% rise in silver. I think now is not the time to sell it, even though it might fall further with the election, as it has not yet taken any account of rising gold and at some point that will give it more profit even with higher tax.
sotolo bud might be a good day today...the day I sell this will be the day this gets bought or PMs shoot sky high... lol
Very badly diversified!! That is why I worry so about Hoc and last 6 months has been horrid for me while the market rises
SOTOLO, you are either very rich or not very well diversified,
My first buys were a few years ago around 270p, but I managed to average down on some of the horrid falls including last year, selling some Centamin for Hoc when Hoc fell below Centamin which is very unusual, so my average is about 208p, but they were showing such a lovely profit when they were 320p. I am feeling a bit more optimistic but still worried this is a false dawn for gold and there is another bottom to come; I will only feel comfy when gold is back over $2000 and silver makes it over $30 plus we have some golden crosses for ho, fingers very crossed. Ah and I just checked and I sold quite a few for Tharisa which seem undervalues so only have 437k Hoc left now. Tharisa is up a little bit since, so better than Hoc so far, but hoping for more, it seems a growth company on a very low PE but also has the danger of increased tax promised by the South African government. Tiger who comes on this board and is one of many like Prof etc who don't believe in Hoc at the moment, put me onto it.
"which is why I still hold half a million of these" Sotolo wow. Just wow. What's your average?
If your average is around ~2.10p I think you will be fine in the short term. I can see Gold hitting the early £2000 in the very near future. Long term, as it seems you are long, I am sure Hoc will return to the mid 2.50p or even higher. Covid has not helped, and all is not bad with the company. If it helps, probably not, I am down by a lot, I guess quite a few are. But we live in hope. I am sure this time next year Soloto...
Actually he sold them at 200p, around 10% over the price as so many, so he would currently have to pay more than 200p to buy them back, only thing is if he was to sell so many again he'd probably only get 170p. I love your enthusiasm and am ever hopeful which is why I still hold half a million of these plus family sentimentality
Will mention as an observation that for the past few weeks as London closes almost every day after 4.30pm the R.O.W. starts buying in to the precious metals before our share prices have time to respond. As if the ROW wait for London to close. I saw the other day how in London Fres. was down but it actually closed up 3.80% in Mexico. Sooner or later we will catch up but we are looking very cheap at the moment in London, even Mr Hoch could buy his shares sold off a few months ago at half price! Lucky him!