Member Info for fogthemogg

"Let's hope we can learn lessons from our mistakes."

Rule 1: Mining companies are not long-term investments.

Rule 2: Don't invest based on the current divi, it can be halved or worse within a year.

Rule 3: Don't ever forget rule numbers 1 and 2.

"Most brokers way overestimate gold shares - they have an interest, better if more people buy. The shares had gone too far too fast, over double in a year, and got ahead of themselves."

Agreed, HOC was an exception in its share price performance over the last few years, as it bottomed in autumn 2022 then didn't really look back.

Most PM miners are still in the doldrums: Fresnillo, Barrick, Newmont and even Wall Street Silver darling First Majestic is 50% lower than it was even before Covid.

I'm not even sure what your reply means. But if you've posted 6,790 times on the same stock, but still get it wrong all the time after 15 years, you should probably pack it in. Life is short :)

Nice little volume spike to 1.2m just now. Someone's had a sneak preview at Wednesday's production report I think...

"the west,doesnt purposely....destroy carpet bomb/scorched earth onto"

Vietnam, Cambodia and others have entered the chat.

I've seen people banned for a lot less than Troajan's 114, 307 posts of absolute gibberish...Presumably he works for LSE, or knows someone that does. 95% of it is off topic, without even getting started on the fallacies and blatant inaccuracies.

"Tech investors realising they have been had."

Nasdaq +120% in 5 years, +320% in 10 years. Nvidia +2300% in 5 years etc.

Gold and silver miner investor returns? I remember Peter Schiff telling his audience to buy Barrick at $30, now it's $16...I also remember Fresnillo nearly hitting 14 quid in the summer 2020, and people insisting it had more legs to run.

I don't think it's tech investors who've been had...

@triking

Wasn't that anticipated though and I suspect largely priced in? The volume today isn't above average (yet) either.

BATS jump today is more to do with the Nasdaq down 4% in pre-market, rather than a broker upgrade...

Other higher divi yield risk-off plays and some absolute donkeys like VOD are also in the green.

VOD, like BATS (+4% today) and a few other higher divi yielding FTSE names are risk-off plays.

When investors are chasing exciting and innovative stocks, then who wants to touch crusty old VOD? But when the algos dump the Nasdaq, a bit of pocket change will inevitably find its way to the risk-off names.

"Producing say 475k bpd with a mcap of £3.5bn is ridiculous when compared to peers."

You're omitting the measly $1bn FCF forecast...Despite the huge increase in production and debt, FCF will be half the level of 2022. Whilst the drop is overdone as usual, I don't think institutional investors share the same enthusiasm as this board. Make of that what you will...

Thanks for that SilverSpoons, getting stock tickers mixed up works wonders for credibility.

"Inflation is high due to high Oil prices"

Oil isn't high in nominal terms, nor is it high relative to recent price inflation, house prices, gold price, stock market indices etc.

Oil traded above $100 for most of the time between 2011 and 2014, in an era of considerably lower price levels for almost everything.

@Stupmy

HBR dropped to 211p on 4/12/23.

@Stupmy

Theancientmarine is just another ramping account, they've been regurgitating the same old tripe for years. In 2023 at 310p he/she said:

"HBR is significantly undervalued with potential to more than double the present market cap in 2024."

There were similar accounts posting exactly the same comments in 2022 when Harbour was trading at 400p-500p!

"a US listing would just put them even more at the mercy of the US market scoundrels."

It wouldn't - cast your eye over the valuation differential between between US and Europe oil companies, from juniors to supermajors...It's stark. Poor liquidity and low volume on LSE is adding to Harbour's misery.

Muppet central!

"The best thing with oil stock like BP is they are so predictable. Buy low sell high don’t get caught at the top."

If only you'd followed your own advice with Tullow :)

"What nonsense. Russia is part of opec. and very good friends of Saudi."

Absolutely clueless. Russia's repeated overproduction above their OPEC+ quota, and giving a helping hand to Saudi's arch-foes Iran and Assad has not pleased the kingdom in the slightest...

Harbour might be "reaping the rewards of Wintershall Dea acquisition", but the shareholders certainly aren't...It traded in the 400p-500p range for a long time after pandemic crash and even after the WFT increase in late 2022, it was still above 300p as a much smaller company.

The stock has been run up and down for 4 years on the trot, with only traders making serious money from it. Shame.

@Mgb69, you'd think people would have learnt by now...