Member Info for jointhedots

"His holding in HGM probably has not much significance for him anymore."

I think you are probably right , he, personally, probably had nothing to do with the decision, it's penny change to these guys - or maybe liberating some cash to buy a Yacht or Austrian mansion ( apparently there are more Origarch properties in Vienna than London and a few Mr Fixits . Whatever, I wouldn't assume anything.

To be honest I didn't know anything about the guy before the RNS, but backs up what I've been saying about being connected to the right people.

Billionaire! David Davidovich

According to Forbes:
"Fellow billionaire Roman Abramovich's much lower-profile right-hand man first worked with him at Runicom, an offshore holding. Was also main oil trader at Abramovich's Sibneft, which was sold in 2005 to Gazprom. Owns piece of Millhouse LLC, Abramovich's investment vehicle, with assets in metals, commercial real estate and cash. In 2010 he bought Abramovich's coal mines in Chukotka and sold them to Canadian company Kinross Gold. He also controls Prodo, the second biggest meat and meat products processing company in Russia and the biggest source of his fortune."

Pushing up again to get solidly over $1800/oz - usually gets a boost when the US trading session kicks in fully, I'm not sure where their sentiment is after the 4th July break (off Friday), hopefully positive after Trumps abysmal unity (lol) speech .

The fight for control and "good governance" of POG will not help other Russian focused Gold miners share prices.

I echo the sentiments of others on here, HGM is a better proposition IMO, god knows what will happen to POG but I really get back to my comment on risk in a previous post. POG could soar, stick or tank I wouldn't like to guess. but I recall a time when Russian assets where up for grabs and share prices halved or doubled overnight as would be oligarchs battled it out and bullets sometimes settled the arguments. POG shareholders should be prepared for a rollercoaster ride, hopefully it turns out well.

Some of our main shareholders where allegedly amongst the winners in the asset grabs - having strong "connected" shareholders in Russia is great, even essential, when there is infighting with each other as with POG , anything goes as long as you don't step on the wrong toes in a country where strength in respected above all.

Th SP of HGM and other gold miners are not reacting to the consistently strong underlying gold price, it is due to a number of reasons according to commentators. Covid, trump antics, money printing expectations, strong stock market etc.

But putting all that background noise to the side, the fact is HGM will be very profit at the current gold price and now half way through the year the revenues will now be banked - IMO a good 2020 is all but guaranteed WRT the gold price - even a $100/oz fall will not spoil it. The persistence is the key, spikes or dips in gold price mean very little, except they appear to have a dramatic effect on SP.

I don't know if there is an answer to the problem for investors (great for speculators), suffice to say I haven't a clue where the SP is going and take comfort from the strong underlying business case and we will recover strongly sooner or later.

HGM are undervalued IMO but so are many other gold producers and the commodity sector in general. Looking forward to next weeks action as Trump continues to dig himself a deep hole.

malrees - Your opinion is as good as anyone's and may I commend you on stating it's your opinion so clearly and not stating something as inevitable or the only option - that's what I was so critical of .

You suggest thinking of HUR as an Exploration company, but the problem is it is a production company, as exploration is now under threat - if they announce some exploration, especially for this year I will be very pleased as I think waiting a year is a mistake, in the meantime we are totally dependent upon production performance.

Oil price Volatility, is the main enemy day to day here, a threat as it ever was.

I have noticed more often than not the oil price tends to be pushed down during the day and pushed up overnight ready for another dip - even though the oil price generally goes nowhere it gives the MMs and bear contingent a stick to beat us with - fear and caution prevails as no one has any confidence the oil price will hold.

This phenomenon holds true for almost all the smaller oil companies, but the sting in the tail with HUR is that as some have already commented (partially correctly) is that the SP does not respond to the oil price - it goes down with the oil price but is very sluggish to respond to a rise.

Hence the SP is currently shot to near death, could go either way from here, but those suggesting this, that and the other catalyst is necessary are talking BS, there is no rule or inevitability to it, it can move for no reason or stay parked in the face of great news (as many have seen before).

There was little reason for TWL and POG rising to dramatically, around 500%, just a bit of good news but the problems still remain. HUR is a sitting duck, unloved and able to be taken into the grip of any number of entities until there is some certainty.

Lots of possibilities, just pondering the dilemma the other day, a got to thinking how disappointed Dr Trice must be, following the logic some dislodged bosses immediately set about trying to regain control (e.g. POG this week). Clearly he hasn't got the clout or support currently. But assuming after assessment all is well he could team up with some entity with financial clout to take over or dislodge Kerogen. Just an off beat thought, the point is none of us have a clue what will happen- again some suggest they have some understanding

All still to play for. Oil now moving up a little but the SP slumped off early day highs, logic? None IMO.

Bobbling around near to $1800/oz - should break soon.

workingstiff - I think it is summed up as "RISK Management"

It oozes out through every RNS that they are being prudent, latest this morning with the update on C19.

Remember they are in Russia, any company that hits hard times in Russia is fair game for very bullying chancer/entity to mount an assault (companies have been known to be taken over using armed thugs as paying a fair price is seen as weak) - many years ago there was an article in the times(as I recall) that discussed the problems of doing business in the east of Russia port of Vladivostok including threats of execution or sell business. Maybe not that bad now but all companies must stay within the accepted regime, links with banks, local/national government etc. Highland behave properly and don't take aggressive expansion moves against their peers - in effect grow gradually and continuously and enjoy support without upsetting anyone. If they overstretched the risk could be terminal (same for any Russian company), IMO they are doing fine. I suspect the above is why the big multi-national miners don't try to buy assets.

Highland are a mixed Underground and Open pit outfit (some are totally open cut) and expansion is not as easy as simply buying more equipment for a new open cut endeavour. Evidenced by falls of ground and losses of reserves when the mining is not undertaken carefully enough planning is more difficult and expansion can be prohibitive/ unattractive when the operation is very profitable (right sized) as with Highland. You can't just go a dig a new hole if the gold price rises. Any growth takes time to initiate - new ventures can take years even over a decade to develop and are costly. To some extent the same applies to open pit as a major knee-jerk investment could be met with a disastrous fall in gold prices by the time the production starts.

Finally, I would point out that we had a period of stress on gold prices until recently and Highland have controlled cost and advanced projects to increase production in the coming years and critically have the finances in place to execute that plan. To expand rapidly I guess they may need to look overseas as to the best of my knowledge there are no distressed assets in Russia - I don't think they are up for that.

So, I think Highland are doing fine and should resist the temptation to throw caution to the wind and expand with excess debt - we'll all be grateful in the end and as/if the cycle changes in the coming years then they will be strong position to mop up cheap assets.

End of Q2 is apparently seen as a key point this week if gold can finish above $1800/oz as traders settle their positions. It is only a 4 day week for the US and could set the tone for the next few weeks.

I suspect if the gold price goes above the key level and holds then much higher prices are possible - strong headwinds though

Reassuring - such a relief, every time I see any company I invest in update on C19 I worry we are in for a shock. HGM have handled it really well, others have taken a hit.

swaz - you say "Fundamentals are important but the charts never lie. "

Come on swaz, charts can tell a multitude of stories depending on the agenda of the person plotting and assessing. Fundamentally, you are theoretically correct, but in the real world anyone relying on charts to invest in AIM companies where game changing news is certain (only a matter of when) is a complete numpty - the charts go out of the window if the company releases significant news on Monday. The trend merely point to a likelihood that is constantly changing

I've seen no evidence of any understanding of the fundamentals or research from you and now you admit "I don't know anything about oil. " , only a viewpoint on trends and key signals on based on YOUR interpretation of charts we have not seen (it's simply your viewpoint).

Lies. damned lies and statistics, spring to mind.

You are a seriously dangerous poster to the naïve or newbie investors, dressing yourself as a voice of reason and understanding of the knowledgeable trader Have watched you all week and seen nothing that suggests you know anything yet.

Clearly you will be off as soon as you reach your perceived exit point, how many sessions will that be I wonder or have you sold already!

Do your own research guys, it's your money and you enjoy of suffer the consequences, RNS's and company reports and presentations should be your first port of call.

If you're still continuously holding in a few weeks and have posted information with merit remind me to apologise.

daltry -we've been here before matey, I DONT WANT TO SEL OR BUY.

I put trades through when I'm ready, I'M TESTING IF THEY ARE RUNNING AN HONEST market and IMO they are NOT.

Don't be so condescending, others on the BB have found the same as I have and been dismissed with opinions also trivialised

I often do dummy sells and buys to test if we are trading normally and noticed today I can't get a price to sell, that's in contrast to when the price was falling when I could not get a price to buy. Can a few other try (please be careful not to accept lol) as I suspect we are being well and truly played here.

Just before posting I checked again a few seconds ago and was quoted 6.2p a drop of 0.155p, just what I was expecting after the ones they wanted to sell had gone - IMO we are being conned with the artificial price action.

Forget the request, I'm sure they'll walk it back down now

Maybe I'm at odds with the majority, or it's just the wishful thinking of a few deluded souls, but I'm not fussed about hearing of an increase in production or a knee jerk RNS from the new BoD because the SP is under pressure.

It is IMPERIITVE, absolutely CRITICAL they rebuild confidence and the worst thing they could possible do is rush to increase production, everything needs to be and appear to be carefully planned to minimise risk - if they increase too fast and have to reverse it will be a disaster for confidence, they'll look incompetent as stage 1 - a number of posters on here are suggesting silly actions that are completely at odds with the approach the new BoD said it would take - presumably to fulfil some personal objective or without thinking in the longer term.

Anyone that knows me from other BB's will know I don't hesitate to rip into management if I believe they are doing the wrong thing (I called for Dr T and Stobie to go when it was clear they were losing control) but we must give the new BoD a chance, the approach they suggested was IMO reassuring and will take time to enact - there will be plenty of opportunity to criticise if the fail in the meantime I'm very hopeful of a good outcome.

I'll hold my shares until the legitimacy of the investment concept is proven or not - the current SP is a dead in the water price and HUR is far from a dead duck - I can't get excited or more distressed with any movement around 6p when there is huge upside potential to be determined.

Some entity (entities) appears to be using an algorithm push the SP around, down at the moment - loads of small automatic trades provide clear evidence.

They probably noticed it is under traded and vulnerable to significant movement by creating their own agenda.

Medium/long term IMO there is no mileage in it, we have very significant and firm shareholders, who have provided assurances they will not interfere, so they will in theory, not move it to support. We don't have a huge band of PI's to panic and run for the hills. However, this is a company operating Russia, having invested in various Russian companies and sectors over many years, strength in respected and all is considered fair if you can get away with it and IMO Russian investors put up with very little and will react if necessary. Irrespective of assurances, they'll get mates to step in and buy.

So, I'm currently wondering what any entity trying to manipulate expects to achieve here! A few % points profit perhaps, from an investors perspective that simple provides an opportunity to accumulate for short-term traders it is more problematic.

The SP is stubbornly fixed to what seems to be an expectation that the current gold price will not be sustained - I can't think of any other reason as other gold miners appear similarly bogged down. The multitude of experts/pundits/analysts whatever you wish to call them have done all they can to persuade everyone that $1800/oz is just too much of an ask.It's nonsense, and it also misses the point that companies like Highland are exceptionally well placed and profitable at current prices, essentially 3% below 1800.I think the bears are so fixated because once $1800 tumbles the phycology is that it will push on to $2000/ozPI's are distinctly uninterested in this company, a pity in some ways but II sentiment is much more resilient and mot chasing a few pennies profit or fretting over paper losses and in the end it will pay off for the patient.

"Yes it is being bought up - feeling for those that sold to fill those orders"

I don't feel anything for them, investors don't make knee jerk reactions - they need to learn to make their own decisions and pick their own sell price - stop losses on what is essentially now a lottery is silly . They lost their claim to share in any profits - it's a tough world and I never expect anyone to have sympathy for me.

Put up your money or sell, but be decisive.

Anyone that BUYS this share then sets a near trading trice stop on any day is an Idiot IMO.

If you are so risk averse that you need a tight stop price you sould never buy shares under such pressure.

I take it on the chin, don't like it one little bit but anyone who has invested in AIM knows what happens - there have been many articles about MMs deliberately triggering stop losses and yet it happens time and time again, we've been sitting ducks all morning - most AIM or many are now traders after a quick buck and the MM's know it.

The good thing is we will now see if the MM's think there is any mileage in continuing to drive it down - diminishing returns!

On the basis there are entities intent on pushing the SP down, not merely exercising their right to sell their shares, then they have done rather well in the last few sessions, weeks and months.

However, (please correct me if you have and post definitive evidence I'm wrong) shorters get a bad rap for driving the SP down even when the net shorts don't increase, IMO it's absolute rubbish as once a legal short is placed that's it as it can't be placed again until settled - it doesn't get reapplied every morning . Following the logic I've always thought an existing heavy shorting position provides a great opportunity for a boost in SP - they need to close eventually unless the shorter believes the shares are worth nothing.

So though I despise the very concept of shorting, and I believe it's unethical, legal shorting is not a problem here, the other type which MM's have been accused of (selling shares they don't have) is a significant part of our problem - IMO they are milking it for all it's worth - hence preventing potential buyers from entering the fray when it runs against their agenda. I suspect there is a law of diminishing returns in the absence of more bad news though, there appears to be an assault on 6p (currently softening us up) but unless they can persuade more sellers to let their shares go or indeed have an II seller they will give up risking their own money.