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I sold on 4th June, I did say so on the MTL board "I sold nearly all my Gold shares today, so as to lock-in my gains of the last 12 months. The Gold price maybe off its peak, but is still high, just sentiment for miners has come off the boil. Sold HOC, EDV, RSG, MTL, ANTO, WPM, PAF, BMV, CAML, and in the USA AGI, PAAS, & WPM. Maybe a wrong move, but a substantial profit was too much to resist vs potential drift downwards." The end result is a bit mixed, but with regards to HOC I'm back in at a 9% lower cost. Reading Investors Chronicle today (in WH Smiths, as I won't bother paying anymore) , I see an article re buying Gold shares and Copper; they appear to be 6 months behind what's actually going on, they really appear to have lost touch.
Nimrod tell us a the time when you sell thanks
To be honest I have a feeling the Bank of England might even cut rates by a qtr % which may be one reason Rishi called the election to play on the recovering economy. So we could well get another lift soon and the FTSE miners might be a good place to be on a spread.
My holding on 4th June at £1.828 when it was a bit toppy, and have just bought back 35,837 shares. Hopefully my timing is better than usual.
More gold still but will get nearer even if gold silver ratio continues to fall, I have been thinking towards double the gold to silver since main silver mine Pallancata closure (and Arcata)but as said depends on respective prices. However the market values Hoc as tho majority silver
Considering investing
Anyone know the gold/silver split for profits ?
Is this more of a silver play ?
Thanks in advance
28-May-24
JP Morgan Cazenove
Overweight
Current 176.00p
Old Trg 240.00p
New Trg 260.00p
Reiteration
"We never expected a shout out for #SilverSqueeze from Silver Institute, let alone their confidence in a higher future price, until we realized Mike wasn't talking to Americans, but India."
https://x.com/rWallStreetSilv/status/1793547918647103716
Sprott Asset Management
"Both #gold and #silver have posted notable gains in 2024. Gold reached a new high and garnered strong support from central bank buyers, while silver demand has risen due to photovoltaic solar panels."
https://x.com/sprott/status/1792933461696590228
And back over $32 we go!
Sure has been an exciting few days in the #silver market...
https://x.com/ArcadiaEconomic/status/1792910606191690078
Ahha... HOC is my largest metal holding, but almost any of the smaller Gold/Silver miners could take off. I would like to think that MTL could break-out, but with classic AIM market company news it appears they have trouble understanding the contract that they signed re loan agreement. It would be interesting to read an extract from the contract re the loan repayment issue. KEFI (a long term punt) jumped 20% at one point today and could well repeat that in the future, though they have no revenue, but talk of jam tomorrow, which may happen if the Ethiopians/Saudi's push ahead with their plans.
Silver going much higher:
"The most active Shanghai #silver contracts rise above 3% in the night session."
https://x.com/Sino_Market/status/1792544539896676733
Potentially a special divi for volcan or maybe they just try and raise capital and keep a sizable stake. Would prefer the latter but not for another 6months atleast.
Apparently, they are not paying a dividend at the moment, despite the information on this board! Maybe they will recommence the dividend, that will certainly help to boost the share price.
As far as how far this share can rise, I am not greedy, one of my short term targets is £2.20 But certainly £2.50 is a strong possibility. And in the next two years Maybe much higher!!!
Divi is going to get bigger too maybe even a special one
Wonder just how high this can go if PMS keep on rising?
Houston we have lift off
Hi Nimrod, out of all the mining shares you have been watching, which of them has the most potential in your opinion?
92% since my first buy in August 2023, and doesn't look as if it will stop rising as Gold/Silver continues skywards with the afterburners on full throttle !!
Well done ahah,
Bought Hoc in 2014, 2019 and will buy again.
Silver could 10x, in next five years, but could double quickly, HOC.L can 5x, Alien Metals UFO.L could 50x.
Prefer diversification of SILG.L, as holds 25% royalty and streamer Wheaton Precious Metals WPM, and all the best Silver Producers, they can buy after hours, save me being ripped off with FX and international spreads, and save me going in on one jurisdiction. I may lose a little bit of beta for a better risk reward.
Then add a moon shot explorer like Alien Metals UFO.L, with highest grade Silver mine in tier 1 Australia, shut down after a year due of production due to a fall to $5 Silver.
2nd best Silver drill intersection globally in the last 4 years 83,000 g/tm, near surface nuggets, and the deposit source yet to be located. In an explorer that is 7 months from Cashflow on its Iron Ore tenements, and will be able to fund development with or without a JV.
Check out pictures at the bottom of the link.
https://www.alienmetals.uk/project/silver-elizabeth-hill/
Really hope HOC does well, know Don Durrett loves it, and having been in and out of it since 2014, hope the company gets the valuation it deserves.
I have been a holder of HOC for about 5 years and I was sitting on a loss. Very fortunately, I recently increased my holding by 5 times some months ago when the shares reached £1. That wiped out past losses and put me into a healthy profit. But on Friday, on the news that a director had bought in after a long period of inactivity.....and the news of a silver breakout, I pounced!! I increased my current holding by x 3. And so, I am anxiously looking forward to the opening of the markets on Monday. Of course, as is often the case, there may be a huge sell off of silver and the usual manipulation. But somehow, this time I think it is going to be different. What do the rest of you think? I can see HOC going to £2.50 in time.
Very nice, still kicking myself selling that spread at £1.26 but i have a holding anyway
Yep looks like a huge vote of confidence in the new mine
Eduardo Landin acquired 148,000 Shares on 16 May 2024 at an average price of £1.5931 per Share. The Company was notified of the transaction on 16 May 2024. Following the purchase, Mr Landin has a holding of 430,700 Shares, representing 0.08% of the Company's issued share capital.
Great to see he is putting his money where his mouth is.