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Pokerchips,
I do not know. Whilst I totally agree with the company to find good resources in more stable part of the world and I think that the Skeena project is certainly one of them, I am concerned that the market will see initially only a drain to HOC finances. I only hope that this reaction is mostly included already in this Bargain price of HOC.
By the way I have bought already some shares in the lower 130, but waiting to buy some more for the reasons I said before
IMHO there are a few issues that are causing the share price to drift lower
1) the current downtrend PM price
2) The new tax for Peru miners that at some stage will land.
3) The likely imminent news of large investment for the Skeena project. Taken from last month interview with one of the senior of the company (link to the interview is in one of last month message).
I would hope that all the negativity coming from 1 2 and 3 is already priced in the share price. It would not surprised me to see some further volatility before the Q3 update.
Not sure if
BTB what is the logic behind the drop to £14 ?
Ageofkali, I see that this is your first message since 2017 with this name. Pity that you used this occasion to slate a valuable member of LSE instead of providing a valuable contribution to the board.
I suspect that there is not the evergrande shenanigans on Thursday but also the f. tapering decision of the Feds 21/22 of September
Pokerchips,
Sorry you are right, I wrongly stated Covid cases. I meant deaths.
Let's hope there would not be a repeat of the shenanigans of the last ex dividend day ..... where no trading was allowed to all PIs for nearly 40 minutes, what a shambles that was....
Dark_Knight2020,
even if we get pushed back a bit, it is not a done deal we might be able to buy shares. It took a few attempts before to do a cheeky top up around 818
Covid rising in the USA, U.S. new home sales hit 14-month low amid supply constraints both bodes very well for keep printing money and keep interest where they are
@Astroo @noggers many thanks for the morning show, I could hardly wait...
Halfpenny, I was reading some expert forecasting a 15% crash in the stock market in the future, we have just experienced and we are experiencing a drop of 40% + from the values we were 6 months ago....
Perhaps the past values of Fres were based on future price of PM much higher than the ones of this year, however, the current valuation of Fres, is based on future PM one year from now much lower than the ones of this year...
Astro for same reasons perhaps wrongly I think there more chances of UFO landing in the garden of my house than you and some chaps here on the board being long ...
I will not mentioned my average as it would be more depressing than the combination of the share price and some of your posts :-)
Astro your messages are so depressing as the share price. You have enjoyed a long run recently, any chance turning long anytime soon ?
meant to say
Finger crossed that today ECB and the Feds next week will signal something of the same medicine, on going tapering and two interest increase by the end of 2023.
carvegyber, I agree with you !
Finger crossed that today ECB and next week will signal something of the same medicine, on going tapering and two interest increase by the end of 2023.
Mind you what surprises me is why gold and silver did not explode on the upside. In 2008 with high inflation they went ballistic, especially silver. If the reason is that market looks one year ahead and things that next year around this time, the economies in the world will be working normally as before pre-pandemic levels, good luck with that....
An other thing that has been a costly eye opener is , how one or more hedge funds have the power to kill the share price of that company no matter how a company is profitable and operation carry on almost as normal.
stating that we do not know the reason why the share price has lost around %45 of the value of the company in the last 6 months.
Is the silence from the company not suspicious ? Are they retaining information that only II have a knowledge of ?
@Drjmain, I totally agree with you and I have put lots of my money where the mouth is too.
The question is how many companies are currently shorting fres, HOC, CEY, POG all of whom are 30% + from the last 6 months high ? Who ever does it, seems to have unlimited pockets and being able to lower the price irrespectively of what PM do.
Carvegyber,
I do not know the exact date. However, last year Q2 production report was the 22nd of July and the half year report was the 28th of July.