RE: Bad news - Peru extends lockdown till mid April27 Mar 2020 09:17
NI, you know I like you and like chatting to you right... but look at your post in Feb when discussing HOC and FRES..
DK - and if you're in HOC, then good move. Their capex/operating cash flow model is way above industry average and supports their exploration phase which will really bolster the life of asset. In the meantime, they throw off cash... something that FRES are NOT doing.
Posted in: FRES
RE: FRES is struggling compared to HOC because of the balance sheet21 Feb 2020 11:30 DK - if you go the half yearly cashflow statement it becomes evident pretty quickly that FRES has problems. The issue then from h2 is that production downgrades have offset much of the metal rise and capex is still silly high. With monster spend need again in 2020 any cashflow gain is going to be totally marginal - FRES will need a materially higher gold and silver price. There will be many investors exiting just before the Finals are released...
Posted in: FRES
RE: FRES is struggling compared to HOC because of the balance sheet21 Feb 2020 11:22 The difference between HOC and FRES is that HOC generates substantial cash post opex, capex, divi's and taxes.
Posted in: FRES
FRES is struggling compared to HOC because of the balance sheet21 Feb 2020 10:47 The update for 2019 will NOT be good. Capex will have eroded the cash pile pushing NET DEBT higher. As for 2020, it's marginal even at these spot prices because the capital expenditure requirement is so high. FRES have already talked about challenging grades and geology. Hochschild Mining is a much better pick....
RE: Bad news - Peru extends lockdown till mid April27 Mar 2020 09:03
NI that might be true but I am sure they will make it up in the next 8 months. Plus do you really see PMs dropping much with all this free helicopter money and stimulus and zero interest rates... we know what happened in 2008 to Gold and Silver the months after when all this free money came in...Look who knows nothing makes sense anymore. Dow has broken every record going down and now back up with half the world closed. Even a super quantum computer can not work this shhhite out
RE: HOC SP Now Very Much Undervalued As Compared To It's PM Peers27 Mar 2020 08:53
the fast 10-15 min test will be out shortly already it is being used in NYC and was used in South Korea and China hence why they managed to get people who had to the hospital faster. Once the CV test is out in these counties people will get back to work. Plus does anyone see a bad year for PMs ?
I was listening to some analysts and he was talking about the movement of gold and silver during the 2008 crash...He said when the governments around the world started to pump all this paper money into the market a few months later PM started to really move. Deflation will start soon, virtually zero interest rates and lots of paper money only can mean PM will move higher..
RE: Hi DK -Yes I have bought some more HOC at these prices!!26 Mar 2020 12:02
well done supercharge. I can see silver up and gold up and lots of economic data out shortly and the market makers are doing their level best to tree shake... this should be 2£ even with the few mines shut down. Unbelievable cheap.
scott you can say that about any company not just mining... Hoc has closed two mines.China is back up and running. Hopefully the tests which are being used in NYC and were used in S.Korea which detect if you have had the CV or if you have it will help everything get back to normal. The problem is some doctors say the tests are only 75% accurate.
RE: Well after the Fed cuts tonight we will be flying tomorrow!!16 Mar 2020 12:49
gold might hit 1200$ BEFORE it starts to move up rapidly towards 2000 and regardless of 50% of silver being used for industry, end of the day it is a PM and it will still move up. Just going to play golf and be patient and wait.
RE: As predicted - Big drop in cash YoY and vs H1!03 Mar 2020 09:02
well NI I took your advise last week and didn't buy in. Just bough some now. Might on a bad day drop to 550 buy then I think it will only now move up from now, all the bad news is out.. only black swan I can see is if the miners get infected with the zombie CV and start eating human flesh lol
RE: As predicted - Big drop in cash YoY and vs H1!03 Mar 2020 08:32
both you guys and others were right and wrong, NI even hoc and highland and lots of other PM on Friday dropped quite a bit. So Fres is at 590 to 6 at the moment, personally I think it will drop maybe to 560 and then up. Everyone knows PM will go up this year so it is still a good long term investment.