Member Info for deepjoy

The encouraging thing with the SP now is that it seems to have found a bottom range 98-103 over the past month of so. Even with the heavy shorting the SP is pretty much stable and that tells me that either the short positions will face a squeeze over the next 6 months or the majority remain shorted from last October so they have a large margin of cover here. I was really concerned about the SP movements a few weeks ago but now I am defo more optimistic but it is a long position that is the must for me...GLA

Q2 2018 Operating Results
RNS
RNS Number : 7808V
Highland Gold Mining Limited
26 July 2018

HIGHLAND GOLD MINING LIMITED

Q2 2018 Operating Results

26 July 2018


Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today reports its operating results for the three months ended 30 June 2018 ("Q2 2018").

HIGHLIGHTS

· Production at Mnogovershinnoye (MNV), Novoshirokinskoye (Novo) and Belaya Gora in Q2 2018 totalled 69,610 oz of gold and gold equivalent, an increase of 4.6% from 66,542 oz in Q2 2017 and an increase of 17.4% from 59,311 oz in Q1 2017.

· Total production in the first half of 2018 ("H1 2018") was 128,921 oz of gold and gold equivalent, down 2.2% from 131,785 in H1 2017 due to lower volumes in the first quarter.

· Increased output at MNV in Q2 2018 helped make up ground on last year's production level after the processing plant operated at reduced capacity for much of the first quarter.

· Belaya Gora achieved improved recoveries as it also returned to full operating capacity in Q2 2018, with output stable year-on-year.

· A general contractor was selected and mobilised for Stage 1 (mine expansion) of the Company's project to boost Novo's mining and processing capacity to 1.3 Mtpa.

· Infrastructure preparation and construction work continued at Kekura.

· Average realised gold price during the quarter of US$ 1300 per ounce

· The Company affirms its forecast for total production of gold and gold equivalent of 265,000-275,000 oz for the full year.

FOR FURTHER INFORMATION PLEASE CONTACT:

Highland Gold Mining Ltd.

John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202

Numis Securities Limited
(Nominated Adviser and Joint Broker)
John Prior, James Black, Paul Gillam
+44 (0) 207 260 1000

BMO Capital Markets
(Joint Broker)
Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette
+44 (0) 207 236 1010

Peat & Co
(Joint Broker)
Charlie Peat
+44 (0) 207 104 2334

I don't profess to know how many short shares have actually been sold or the tactics involved, but with 70 million of them on loan wouldn't we need a significant increase in volume over a protracted period to provide any realty clear signals ? I love this company, I hate the markets approach to it.....

again...…I'm very cautious here sadly :(

you'd be nuts to sell this share … it's trading at a big discount and the divi at these levels makes it a keeper for me. :)

cant fathom it... the seller must have been keen to exit quickly to cause a steady decline …. risk - something we don't know.... reward - there is nothing to know and I got some cheap shares.... erm

I agree... I've grown used to the SP movements here and tbh although sitting on a paper loss I feel a lot more relaxed watching this ebb and flow on an artificial tide. whatever happens in the short term, September reporting will dictate the future direction of this share and in my view it will be upward.

I have revisited the fundamentals and my investment decisions stand as it appears to be a good business with good revenue an reducing debt ... I cant fathom this drop given the business is growing, my only conclusion is low volume sells so I bought a few more... Anyone got any ideas otherwise?

It makes me laugh that Mibo mentions funding well premature of any need for such. The bottom line here is that the company are fully funded for the exploration campaign AND subject to the outcome of that there may need to be future funding for JV etc, however the results of the exploration campaign will inform the SP and then it follows the dilution. So... ignorant as I am of the technical it stands to logic that if any of the licence areas require future consideration of funding the SP would be in any event far, far higher than now so bring it on. However if the exploration campaigns are all a flop most of us will be well gone by that stage and I suspect GGP will be out of business. So Mibo if your going to make a point, then please add the context of your argument as you appear to be coming across as a little bit silly at the moment. regards all

I've been watching this for some time and can't believe the SP fall since a net loss was announced over expansion... bought in following todays low volume drop and find this BB very quiet... That's a good sign of an undiscovered gem...Hello anyone else :)

give us all a little boost and close at 103.... I'd love to see a short squeeze on this :)

I've been in this share for 2 yrs so have been through the rinse cycle more than once with warrant conversions, pump and dumps and all sorts. The big difference between this year and last is that news can come at any time from multiple licence areas unlike last year when all eyes were only on EG. We are also fully funded, unlike last year and early signs of getting great results are there....so when a de-ramper comes on board then filter them by all means but please just don't answer their thread as it perpetuates the problems. I am more optimistic about this share then ever before but also realistic, hold despite even short term downsides as this has a long way to go without the risk of dilution and it will take time to get there.

ignore the noise don't repeat it with rebuttals :)

excellent post thanks.... I would be a happy man to see even some of that come true :)

I rise would be very welcome but the cynic in me just cant help but wait for another rinse and repeat down again. I cannot for the life of me understand how shorting really works when 70m shares are on loan when increases in shorts have happened after the big falls in SP... how do they make money from this static position other than 4-5% here and there or is that the point...? I suppose if no one sold or bought then they would be in a right pickle come results....

:) Joe, reasonable people have no choice unless they want their savings to disappear over the long term to inflation etc, sadly....

The continual spouting of short term SP price predictions, MM game theories and such like is really rather pointless. If you are a LTH you would have been through the ups and downs of this share many, many times. This share is a PI share in the main and the SP is one driven by a large proportion of people with short time horizons and low risk tolerances. Hence, they (PIs) trade in and out on greed and fear.... Why wouldn't any savvy player allow people to do that and make money from it?

For my part I have been in this share for two years and been red and blue more times than I can remember but I have learnt that doing the opposite to the crowd seems to work and that strategy is simple...If you believe in this company and GH's strategy then buy and hold otherwise the spread, fees and overall mental stress will take its toll.

This is not a get rich quick share unless you're investing big money and trading in which case a 10% gain is a good pay day.. hence the price movements I suspect.

I am not selling anytime soon and having been through the ranges of 150% up to level pegging and back the long term trend is the most important for me. Does this share feel like a 5p plus one....? well yes but it also might be a 0.56p one again in the short term... I don't know where this is going anytime soon but I do know it is volatile and predicting the SP day by day and week by week is pointless, it is what it is and ruled by supply and demand, if you a very small minnow like me that accept that as all being part of the interest of GGP.

regards to all

For what its worth, I think the last two RNS' give rise to concerns about funding and another possible placing which, for my part at least , would hold me back from making any further investments at the current SP level. No one wants to get stung and to have it happen twice would be my fault not the BOD. Just sayin,,,,,

regards all

Well have a nice holiday but with 70M shares on loan it will take a heck of lot more volume than this to get sentiment positive for other than the die hard believers i.e me .... :)

Aren't you forgetting to mention black hills and EG when talking about drifting prices till Sept, this is more than a oone trip pony FYI

well stated apple.... the investment case is simple when you consider EVIDENCE, a concept unknown to a lot of idiots crystal ball gazing on here today.