Member Info for leas

EGM vote announced. Green light to proceed with the demerger :)

Not sure of the rationale of buying in Cyprus other than extended holiday season and Russians treating the island like a resort on the Black Sea. Language is certainly not a barrier to them either.
Maybe want a strategic missile base near to the Middle East. Invasion by stealth. :)
Some important US data coming out shortly. PoG seems to be waiting for it before it decides what direction to go.

Poker
Spit on with that but a government minister has been found out. He was selling ‘golden passports’ to wealthy Russians.
Hence the reason why real estate will go unsold here. I’m out here seeing a friend of mine who is buying up property for holiday rentals but he just cannot see the ‘house if cards’ in front of him.
He’s even got himself a very young Russian Lady. Fools and their money’. :)

Poker, I was buying PETS at 1.13 back in 2018. Great company. Not many shares in free float. Directors with sizeable holdings and the company was increasing turnover and profit.
For some reason a small short position was taken and the algos pulled it back to a tight 120 channel. I’m sure you have many examples too but eventually the trend reversed without any changing fundamental.
I’m currently in Cyprus. Lots of glass shoreline apartments going up, lots of guys in high viz and hard hats crawling over them like ants. Robbing the country of any identity. Not a cats hell chance of selling them. The country is going to be soulless when interest rates kick in and the buildings go unsold. Russians won’t be buying real estate, they will be buying gold.
Anyone with the slightest understanding of economics can see a ‘car crash’ developing and all the algo bots in the world will not keep this trading at this level.

PoG knocking on the 1800 again. Current sp will turn green. Maybe (hoping) that this time it will hold and test 1830.
That said, if it’s not today or this week it will happen.
Still bargain basement here with a good quarterly report.
Aclara approval as well today (I think) so 160 is achievable should all the ducks line up :)

Looks like continued buying into any PoG weakness. Hits circa 1800 and then drops back a little before the cycle begins again. Interest rates on hold which will only exaggerate any inflationary pressure further down the line.
I agree with Poker, low volume and algo trades keeping us trading in this channel atm, but it will change.

jimjam
Will be astounded if not. sp going test 300p imo. This is not on the radar of most private investors. Shares are in very sticky hands.

Trying to think of positive data in the short term that may put the PoG under pressure but it's difficult to see much other than data meeting predicted expectations. The ECB will want to raise interest rates today in order to counteract inflationary pressure but will reluctantly resist as they know that decision will impact the markets. Yet their 'economic schooling' will tell them that know is the right time in order to avoid bigger rate rises next year. Supply chains stretched and rising energy costs on top of renewable switchover will see inflation at levels not seen for many years.
Bond Yields pretty poor now in the US and I'm sure more bleak news to come. The case for a rising price of Gold is too compelling for me. Like to read contrary views on this but imo now is the time to de risk significantly in some sectors and favour PM producers.
Not much interest in HOC at the moment so no apologies if my post comes across as ramping. We already know there are know the next quarter figures will be on track not forgetting Aclara of course.

nogs
Look at the bigger picture here. PoG was pushed down below $1800 but they were not able to sustain the pressure. Bond yields on the decline in the US. Any negative news now coming out of the US should see the price rise above $1820.
Om a separate note, I see China are buying Gold, Both China and Russia seem to be loading up.

A bit of consolidation can only be good going forward. My main Tesco store was busy this afternoon which is in complete contrast to Asda. I can see many families pushing out the boat this year over the Christmas Holidays. Make up for last year. Market share should be pretty good and expect it getting better.
Good luck to LTHs here and especially employees.

Nonplus

Had a chuckle at your post ‘Pot Kettle’ :)

Spindler
The Peruvian government have clearly seen a change of tactics with foreign investment particularly in the mining sector. It seems that the Marxist government have realised that they need them as much as they need them.
Sadly safety is still an issue as there has been quite a few fatalities in companies sub contracted in the sector which is understandably a concern with the government.

Poker

I guess any rise above 160 will be easier now that shares are in ‘stickier hands’. Maybe spinning off Aclara makes more sense now as the sp here seems completely driven by the PoG. Yesterday’s update derisks this significantly as targets are met (pandemic aside)
IMO the REM project has no asset value when it’s under the parent company as clearly the institutions are focused on gold and gold only.

@ nogs. Lol. Flip of a coin. I’m sure we would have closed at 160 if PoG was above $1800 :)

kenj
It is a very odd valuation based on the fundamentals we know. My strategy will be to hold Aclara as it will find its true value as a standalone company. I was invested in SLP when they spun off its iron assets so expect HOC to fall in value by the MC of Aclara but expect the REM company to rise reflecting its true value when the dust settles.

Although subtle, the update was ‘firmly’ on track. Full year update is looking very good and may exceed expectations.
If PoG remains above $1800 or turns positive then I’ expecting a clise of above 160.
Just my opinion of course.

CaneToad

Still in the midst of a pandemic with world supply chain issues on top of inflationary pressure. All equities at the moment are a gamble. I think given the world economic outlook, physical gold is a good hedge.

Sololo

Another thing of note. Investors must now be concerned over inflation or possible hyper inflation so adding a PM producer would be prudent. This also applies to the bigger institutions. If I was looking around HOC would have to be right up there especially after today's update. No hidden surprises, everything on track and meeting expectations. Also an opportunity to add a REM investment via the backdoor.
As posted previously, for now the PoG is the driver in the sp direction.

Sotolo
I see the 'apparent' lack of interest here as a positive. Less likely to be volatile on any swings. Yrs, great update today but of course the 'markets' will be more focused on the PoG (as per) May get some analysts and brokers throwing their 2 penneth in later. Pattern recently is the sp moves when our cousins across the pond get out of bed.

Apologies, texting on the hoof but I mean current valuation based on percentage of MC it was at the time if the RNS compared with the percentage MC at the time of purchase