Member Info for rylidan

Gold now at the highest ever price in Rubles / oz. Also rising strongly in all currencies including USD and GBP.
Yes, a share that provides growth and an excellent dividend are rare.

Agreed. Poly is also a FTSE 100 Russian miner. What stands out for me is HGM is mainly gold production. That is why I bought in a number of years ago, and am still buying.
Outstanding team IMO. PE numbers shown on most sites well out of date as relate to 2018. Our 2019 numbers will be great from what indicators we've had. 2020 has started with the POG a staggering 14% up on last year's average. That's profit straight to the bottom line.

At some point this will ping like a coiled spring. Very soon IMO. Results for 2019 and Q1 2020 update, due in April. DyOR

Gold now at $1598 / oz or 102.1k rubles / oz

In the meantime, gold is approaching $1600 an oz again, and up to 101.3k rubles /oz. Rising in all major currencies.

Took me all of 10 minutes to decide to "average up". After we had "an exceptional year" in 2019, with iodine prices rising strongly, and with IO9 due on line soon, I decided it was the right move.
So, I'm now in buying mode! Decision made.

The attention span of an Iofina PI is around a week. Reckon some have simply got bored. Well, that's my theory!

The corunavirus is going to cause a ripple though the world economies. Governments are trying hard to play this down, while working hard in the background.
Gold was rising even before this. It's just another catalyst to push the price higher.
Last year looks like it was excellent for HGM with an average gold sale price under $1400 / oz, or 90,000 rubles / oz. Even that is not yet fully built into this share price!
With gold possibly averaging $1600 / oz this year, it could be a bumper 2020 for us.

Yes rubles are important as we incur a lot of costs in rubles. Other currencies also need to be considered, as this may drive worldwide demand.

I would disagree. The share chart correlates very closely to a leveraged position in gold. Of course you need to select the right mix of currencies.
We had a good day on Thursday which led to some short term profit taking yesterday no doubt.
Think and look long term!

That data is out of date Volcano. You need to wait until April to get 2019 numbers. EPS will be far higher IMO, and already a lot higher still for Jan 2020.

Obviously profits increasing with gold price. So either higher dividends, or they use that to fund investment. I see they are aiming for 500k+ oz per annum by 2024.

Dollar may be a bit softer at the moment, but it's still one of the strongest currencies from a medium term 5 year view.

As I said yesterday the news will slowly sink in. It was a fantastic update. There will be very few holders doing anything accept accumulate at this price. Traders need to assess when is best to jump on board. There may not be much stock left soon to buy.

Maybe to both. Who knows? Yes the new mine will need some investment, obviously. This will give around an additional 50% revenue from 2022 onwards, at a very low cost of production. Also, another new mine planned for 2024. All very exciting IMO.

Optimistic for today I feel. However, with this update we should see a steady increase back up to the recent high point. Maybe before the full year results announced.

Great full year results.
H2 produced around 12% more gold than H1.
Average sale price for H2 was 13% higher in H2 than H1.
Expect H2 profit after tax to be therefore around 40% higher than H1 when declared in April.
Gold in 2020 already around 11% higher than the H2 average.

Wow, LOL. Results Wednesday I reckon. Looking good.

Mind you, JP Morgan and UBS both increased their targets this week to £11.50 and £11.75.

It was an excellent update, but o more than the market was expecting / already built into the price. Often takes a day or two for the news to sink in. Still expecting go break 30p by end Feb.