Member Info for breaktwister

https://www.mining.com/web/fledgling-peru-govt-seeks-new-deal-with-miners-minister/

Tin hitting record highs, I see that the "terms of the JV have largely been agreed" so that seems fairly positive.

Didn't go to 13p, your broker must have incorrect data

Scip - as per webinar Brad stated that it is shaping up to be a multimillion oz deposit. JORC resources not really a priority for Newmont/Agnico in the same way they would be for a typical junior.

Price got hammered down hard on his rhetoric, but when the rhetoric softens no proportionate increase. The banks simply love to slam metals and miners, any excuse to take the price down. Very very clear in shares like HOC and FRES.

I started buying these under 5p, was shocked at the recent fall, but never once considered selling. This is a "diamond hands" stock. I have to say that the move down over recent weeks is the dumbest thing I ever seen in the markets.

They added a 5th rig a few months ago and haven't issued any news to state drilling has stopped. What an opportunity here, huge imo.

five0 - OMI have already stated they are fully funded from the last placing. Remember, the Anza project itself is funded by Newmont/Agnico so why would OMI raise any further cash at such a low shareprice. Answer, they wont. We need to see more director buys at this level. Nick Von Shilling better get his hand out or I want him gone.

Just reading what he said in the interview posted below, is the man a moron? I guess most communists don't actually understand economics or business. In the same interview he says he wants to revive the economy but would also be happy to see corporations walk away. Bonkers.

Not sure why we the small private investor would "assume no news is good news" if thats is the case why are the directors not buying with both fists? Especially the new chap, who is meant to be drumming up institutional interest - how can he hope to do that if he is not investing into the project IN SIZE himself?

Sotolo, all that is needed is for a few nations to wreck havoc on PM pricing is to start bidding on the Comex. They will earn more this way than punitive taxes on miners.

Soloto "I would say not hard work but impossible for a Peruvian left wing government to change what the USA allow in the gold market".
The producing nations need to work together a la OPEC, realise they are being ripped off by the bankers and the US gov who keep metals prices down to allow the USD to continue to be accepted as GRC.

Rather than raise taxes on the entity in the chain that is providing the capital, expertise, and jobs these nations should be attacking the corruption of the Comex participants that hold the price down. By that is too much like hard work for leftists, if they even understand the issue.

Sotolo, why do you think HOC would pay tax on anything more than profits after sales and expenses? Is there something specific in the mining concession that taxs are calculated differently?

Agnico will gladly take their share if Newmont walk, which is unlikely imo with PM prices only rising from here, again imo. Place your bets.

Looking cheaper every day with metals moving up. Do people really see more downside here? We know there is an economic situation at Apta and with 4 more targets primed "Apta not the best target but easiest" as per Brad, I struggle to see the downside at this price.

Already my largest holding but bought more at 15.75. A gift!

Added at 865. A gift imo.

Noggers, there are tons of index funds tracking shares, ETFs etc. Shares enter and exit all the time. I am not worried about it in the slightest, I consider it a buying opportunity if a index fund is forced to sell and will be done selling by next week.

Temporary sellers drive down the price thus buyers can buy at a lower price that they would otherwise be able to. The selling only lasts until the index fund is out. Once done this will fly, as others have outlined below.