Member Info for seer

I have just been viewing the HOC BOD presentation at the BMO conference - no mention whatever of the Inmaculada accident and no clue as to the effect of Pallancata blockade or the loss of income from both - I can only assume that the rising price of Ag and Au are covering the costs of the lost production. 2016 Results to be announced next week - next results will include Q1 2017 - Q1 is normally a down time which may not give us the big SP boost we all want - but who knows ? The market is fickle ! Regards all

noggers - I am tempted to side bet on AAL GLEN KAZ et al but I think the SPs are peaking (the Chinese shares are also Peking !!) I did make a lot of cash - especially on AAL and GLEN over the last year but now - every time I am about to buy in again - the SP drops anything up to 10% ! The market mafia are playing the SPs just right for themselves - I am tempted to watch for a 10% drop in SP in one of the majors then buy in and wait for the "dead cat bounce" then sell out but unless I am betting £10k to £30K the dealing costs make it a risky business IMO

noggers - I think most of us are getting things wrong at the mo - last week I did a side bet on PMO and made £2500 profit in a day - flushed with success I tried again this week and have just cashed out with a £3200 LOSS ! I will wait now till end May (which was my original plan) - before possibly side betting on PMO again I am still holding tight to HOC and hoping for good news next week. Regards and GL with your own plans

Yesterday many miners like KAZ GLEN etc saw their SP rocket upwards but HOC plunged ans finished about 3% down ! There is very little shorting going on so it can only be market apprehension of why the BOD has not produced a RNS giving an update on the state of play at Inmaculada - the market hates uncertainty so come on BOD tell us what is going on ! The BOD has a management objective of enhancing shareholders value - this is not the way to do it ! All IMO only ! On hold until 8 March and hoping for excellent results and company information. Regards all

Presently showing Ag down to $US 18.30 and Au $US 1243. Miners could be in for another turbulent day - we very much need a positive RNS with good news but I suspect the BOD will simply wait until 8 March for results and news. Best to put HOC shares in the sock drawer until then IMO Regards all

Donald Trump says he will give tax cuts to US middle and working classes - he will mend all the potholes in US roads and repair bridges etc - how will he pay for this - by cutting foreign aid which largely is stolen by corrupt politicians and criminal organisations and never reaches the poor and needy ! Compare that to UK - our overseas aid people spend taxpayers money like a drunken sailor on a "run ashore". They cannot get rid of the cash fast enough so are now handing it out overseas in brown envelopes (absolutely true) We give away £13 billion of taxpayers money to corrupt countries who usually have large armed forces and even nuclear weapons and space programmes when we are cutting funding to vital areas like NHS - Education - Police - Armed Forces etc We need £10 billion NOW just to fill the potholes in our roads !!! My wife and I think we are now living in a mad house run by the inmates ! A famous man once said "Charity must begin at home and only when your own population's basic needs are satisfied should you look at giving away the wealth of the Nation to foreigners and all wars are madness - they bankrupt nations for very little gain !" I would rather have Trump as POTUS than that awful little snake in the grass Clinton and her scurrilous husband - all IMOO Regards all

Eish - excellent research again. But we must ask - what is the hidden agenda of "experts" writing - many are paid as derampers by large shorting hedge funds - I think the record for deramping was a guy in Canada who had 126 logins !! He went to prison eventually. Reading through the info and analysis you posted the following sprang out - " What a gold investor should want is for stocks (companies) to not sell off (their gold and silver stocks) but to trade sideways. This is a sign of market balancing " We couldn't get more sideways on our SP than we have had for the last 4 weeks - LOL. As I have said many times - we are not making loads of cash at the mo but we are not losing loads of cash either. Witness companies like KAZ - yesterday another plunge down in SP. Look at all the big mining shares over the last 4 weeks - HOC a a rock of stability in a waterfall of falling SPs ! I cannot see any info on the HOC homesite ref yesterday's BMO conference presentation but I think the absence of a HOC RNS ref re-opening of Inmaculada when we DID get a RNS about re-opening of Pallancata - after the blockade was lifted - is indicative of an ongoing accident investigation which has given limited re-opening status but no "carte blanche" full clearance yet. I do not think we will get a full return to "status quo ante" (previous full blast operations) for months yet - but I think that HOC will be producing excellent results on 8 March. The BOD last year "hedged" a lot of its production at low prices and has said that this will not happen in 2017 as they are expecting Ag and Au prices to soar. Ag presently UP 7.2% in last 30 days and Au UP 5.38%. The PM prices seem to be disconnected from mining company SPs at the mo but we do not know the individual factors in companies that account for this. For instance - I cannot find a reason for KAZ plunging 11% on Friday and 5% yesterday ! "Ours not to reason why ours but to invest and cry !" Pace the Light Brigade ! As for the massive US debt (wholly caused by paying for other people's wars) compare also the UK debt of £1.8 trillion ! and other major debtor countries of the world - if the USA goes bankrupt then the whole world will follow suit. RBS was bailed out by UK taxpayers for £45 billion because otherwise the world-wide banking system would have collapsed. In the words of Oliver Cromwell when he demanded MPs sign Charles the First death warrant "We must all hang together gentlemen or by God we will all hang separately !!!" Regards all "We live in interesting times"

Annual Results FY 2016 will be published on 8 March 2017. Apologies folks - I have been calling it the PMO meeting today in Florida - I have just noticed on another PM site that it is the BMO conference. I will now go to Specsavers - LOL Regards all

egg - I think you are right - Ag now up to $US 18.46 and Au up to $US 1262 and our SP is going down a bit ! Brokers must be controlling our SP rigidly until we get some good news in March ! Latest news from Italy - they are fitting a large clock to the Leaning Tower of Pisa because Mrs May told the Italians "There is no point in having the inclination if you do not have the time !" Regards all

We needed a RNS to get closure on the mine accident - this is why the SP has been held about this level for so long. I guess we will get the full 9 yards in March when we get EYR results ! Regards all Footnote : did you know that in the First World War the machine gun belts of bullets were 9 yards long - so the phrase "Give then the full 9 yards" came to mean "keep nothing back"

SPs moving up gently - hope we go up too ! Regards all

Looking good - Ag up to $US 18.41 and Au up to about $US 1260 Wonder whether HOC BOD attended today at the PMO Conference and if we will get any feedback before market close today or maybe tomorrow ! Regards all

From the Indian sub Continent - "Soon everything is red !" Good call for today - of 15 companies on my watch list 14 are in the red - some about 6% Only PMO is in the blue by about 10% so my instinct to buy at 0800 hrs was a lucky gamble - sold out now and back to HOC watching ! Might have a side bet on KAZ or TLW or DLG but I will wait for the dust to settle first. Getting bored waiting for the BOD to tell us something - not even any info on latest results or final wash up date !!!! Just before the Inmaculada cave in the BOD was mulling over paying a special dividend - hope this has gone by the board - I do not like dividends as they always knock down the SP - so all you get is your money back with the chance of paying tax - depending on your holdings. Regards all - keep holding

gbndan - you are welcome to any useful info I may put out - I do not ramp or deramp and any views i have are honestly held but my views should be backed up by other inputs and especially by your own research - I find company homesites excellent value and well worth the time to troll through. Regards and GL with your own plans

Gold morning with silver clouds to you Eish - I agree with Oscar747 - as I said in my original quick assessment of IRR - very few daily trades ( difficulty in selling large amounts) with 88% of the equity in BOD and II hands - little liquidity. I tend to trade in £10K to £30K lots so - looking at the penalties for buying or selling ( NT - negotiated trades) on all of the big buys and sells- it works out that not a lot of profit is made by the bigger traders on a daily basis. So - NOT one to day trade IMO. On the plus side - the gold content in g/t is the best I have seen in any gold mine - especially open cast - so I think that the best course of action is to buy tranches of £5K over a period of time and hold for longer term - cashing in the same way at £5K a time (I think they call it tranche warfare - LOL) I intend to carry out a side bet today on PMO - the SP has now recently dropped from 99p to 66p - so IF it has stabilised - it is good for a big recovery in the next few weeks IMO. I will watch at early doors to see whether the SP continues its downward plunge before buying in but I did previously make some good profits in PMO from 50p up to 99p and sold on the downside when it hit 88p ! Good time to buy back in this week ! Still holding on for HOC RNS - getting painful now. The false dawn on Friday was a sign of what will happen when the dam bursts - up to 300p +++ I am staying out of crashing AIM and small cap companies and only holding HOC as my main investment - last couple of weeks other big miners and oilys have taken a pounding and I think there is more to come ! Regards and GL with your own plans

I am glad that we are maintaining high standards on this BB (except for my jokes - LOL) Looking across other BBs in companies I have invested in (but not at the mo) I am stunned by the personal attacks and insults - worst BBs are IMO PMO and SOU ! Although there are lots of close runners-up !!!! No one has a monopoly on intelligence or experience and I am always prepared to discuss different points of view with the idea of helping each other make money (or at least not lose it in dodgy punts) I say again - HOC SP has been flat lining for 3 weeks but is a safe parking place for funds IMO - pending better news in March which I am convinced will take the brakes off and allow the SP to climb once again. AIM listed and small cap companies are tempting but VERY risky investments - I was once told NOT to hold AIM shares longer term but to get in and out fast as soon as you hit a profit target of 10% or 20% - you may miss out on higher growth but you will NOT lose money on that plan. Regards all - my wife smokes and says that the only tips she will accept are filters - !!!

Oscar747 - TY for the excellent advice - I have been doing lots of research and number crunching and you are absolutely right. The big trap which I was caught in a few years ago with SOLG was that no one would buy the high flying shares at the stated value - I finally sold at a 30% discount !!! This is the problem with small cap and AIM shares which is why I was saying to Eish that not many trades were taking place - definitely not one to day trade so if I buy Monday I will aim to hold for at least a week to see whether the SP keeps moving up rapidly. I agree also on the £5K or £10K trap - looking at buying premium and selling discount even a 5% paper gain evaporates ! I will watch play on Monday - who knows - HOC may well publish the long awaited RNS and send the SP back up through the 300p level next week ! Regards - we all need to keep swapping info and advice to help each other along the "long and dusty road" LOL On a lighter note -- " A Londoner turned up at a quiz show and was asked to give his personal and job details - he said "Ted Townsend - ten ton truck transporter - transporting toilet tissues - Tuesday through Thursday - Tottenham to Teignmouth " He was asked why he went to Teignmouth and he replied "They are our sole distributors "

Gold Morning Eish - I will change my login from seer to eggonface - LOL You gave me an excellent tip on Tuesday last week to buy IRR - I was put off by the politically unstable areas IRR is in - mainly Chad ! But if I had bought in on your recommendation I would now have about 45% profit LOL. I will look again at the SP on Monday - the RNS gave incredibly rich Au g/t so if IRR can mine it and get it out of Chad past the rebel activity they will do very well. I am tempted to jump in Monday and out if I make a good profit next week ! Regards my friend - keep up the good info !

Ag now at $US 18.36 (up 8.2% in 30 days) and Au at $US 1257 (up 4,98% in 30 days) The SP dam must break in March IMO and HOC SP rise rapidly (but not in a straight line - LOL) Regards all

More confusion - COP is Circle Oil !!!! - I will write in full Market Close !!!! Just in case there is a MC company out there ! Regards all