RE: ALL INTERESTING STUFF31 Jul 2018 12:27
Strange world we live in - Idiot Trump loose cannon causing world wide havoc and BREXIT turning EU inside out - you would have thought that gold and gold companies would be "safe havens" and booming - but the opposite is happening. I was last in HOC at 200p when I thought it would not go lower but sold with a small loss and am now thinking of buying back in but looking at the fundamentals of HOC and its low level of debt I am amazed that the SP is at 173p and very few people are buying the shares. I do not think it will go back down to 150p because since that time Inmaculada Mine has come on stream and is outperforming all forecasts for profitability. I have noticed that the HOC BOD has a knack of producing good RNS which the market sees as bad RNS !!!
I think that the best plan is to use 50% of my gambling pot to buy HOC and keep 50% back for further buys if the SP continues to drop.
This is a flat week on the market due to lots of reports due - including a Thursday rate hike expected from the BoE
GL all with your own plans