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I've switched out of it completely today. I've invested the proceeds in the blackrock world mining trust which is 40% in gold, rest in copper silver and others and is managed by Evy Hambro.

NAV likely to be well above 460p tomorrow. All their holdings seem to be rising today.

What's your view on gold now. It's been rising for seven consecutive weeks now.

livestock

"Brexit no trade deal plus covid-19 is why the share price is this low"

No, these things affect all companies,not just the banks. Banks are down because the government uses them for their own purposes and does not treat them as private companies.

Not all chief executives live up to the company motto. But that’s what makes António Horta-Osório different. The Lloyds Banking Group boss has been “Helping Britain Prosper” for nine years — as the inventor of “people’s QE”.

It’s what’s otherwise known as the annual “charge” for PPI mis-selling: an activity at which Lloyds excelled, at least to judge by the near £22 billion the bank’s doled out so far, including a well-flagged £2.45 billion at the latest full-year results. Across Britain’s banks the tally tops £50 billion, recycled into new cars, kitchens, holidays, endless stuff. It’s created new jobs, too — in claims management companies. In short, a roaring success all round.

https://www.thetimes.co.uk/article/lloyds-boss-unseated-by-runaway-ppi-g95gmt0hn

https://www.thetimes.co.uk/article/lloyds-boss-unseated-by-runaway-ppi-g95gmt0hn

For over a decade the banks have been treated by the government as national property, and not owned by the shareholders. The shares can not rise much until that policy is changed IMO.

With total cash cost under $600/oz and all in sustainable cost under $800/oz ....likely production 290k to300k oz in 2020. HGM should be able to make a profit of around $300million this year. This company is worth between two and three billion dollars imo.

This share looks like a real bargain to me. I think Mr Market is wrong with this one.

https://www.mining.com/gold-price-climbs-again-after-citi-says-record-is-matter-of-time/

Citi says 'only a matter of time' before gold hits record.

Forget the charts ,look at the gold price.

Gold price seems likely to breach all time high very soon imo.

Silver Sep. contract just broken through $21. Highest in around 8 years if I'm not wrong.

sorry, full capacity.

Mines are likely to operate at full caoacity later in the year. HOC shares are worth a lot more than the current price imo.

Silver has been rising even faster than gold over the month. GLA

That is the question.

"The Judge, Mr Justice Mann, found that Everest's complaints regarding the appointment of the Temporary Directors are arguable but declined to determine its application summarily and a full hearing of Everest's application will now be required."



"As a result, pending the outcome of a futher hearing on the application, the date of which will be set in due course, the Temporary Directors will remain as temporary directors of the Company, subject to the terms of a revised order by the court which is expected to be delivered later today."

(Sharecast News) - A Petropavlovsk investor has called a shareholder meeting to remove Peter Hambro and four other directors installed in a boardroom coup.
The Russian goldminer said it would hold a meeting at the request of Everest Alliance, which holds about 5% of the company's shares.

Everest wants Hambro, Alya Samokhvalova, Johnny Martin Smith, Martin Smith and Angelica Phillips to leave the board. Everest has proposed two new directors and wants four current directors to be kept on before the meeting. It also wants any director appointed since 9 July to be removed until the meeting.

Everest's move followed a court hearing requesting the directors' removal and is the latest round in a convoluted battle over control of Petropavlovsk. On 30 June the board accused its biggest shareholder, UGC, of acting in concert with other investors to oust executive and non-executive directors and instal their choices.

The original board said UGC, run by Russian billionaire Konstantin Strukov, had indicated it would vote for the existing directors, leading to a low voting turnout by independent shareholders who would otherwise have backed the original board. The result was that UGC and the other investors took effective control of the company without paying a premium, the original board alleged.

Petropavlovsk said it received Everest's requisition shortly after Thursday's court hearing. "The company confirms that a notice convening the [general meeting] will be sent to shareholders in due course," it said.