Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mary if the tax was “factored in” already then why did HBR dump from 450p to 230p after just a 10% increase in windfall tax?
No institutional investors care (hence no big buys except buybacks) that HBR will be debt-free given we have 75% tax and cratering gas/oil prices, it’s just a consolation in the grand scheme of things.
It’s costing xx% more to get it out of the ground as each year goes by yet PMs have failed to make new all-time highs and particularly in silver’s case, can never hold the elevated levels. Adding into the mix lower ore grades, weak production, abysmal management plus Mexico labour reform and you begin to see that these all trump the $30-50 silver narrative dead horse.
Remember that FRES went into freefall long before the pullback in PMs so the drop from 980p to around 700p was company specific, for reasons that may soon materialise but which insiders knew months ago.
If gold goes $1,800 this will to nearly 500
Now that would be an opp.
———————————
Oh please don’t, surely you’ve learnt your lesson with FRES by now…Four consecutive years of disappointment and jam tomorrow with operating profit having halved, endless problems, 1-2% divi yield and even at these levels it’s still at circa 20x earnings.
The big industrial metal miners with 7-10% divi tields trade on lower earnings than this dog!
This hasn't moved up with gold, it moves with silver.
——————————-
Share price often doesn’t correlate with either, be it over days or even months.
FRES was almost double the current levels back in 2020 during similarly elevated prices for PMs.
EBIT has halved since then and I’m actually not even sure they’re the largest silver miner anymore. Big mistake holding onto this for nostalgia after 2020’s performance.
Big money rightly gave up on FRES long ago because it’s always jam tomorrow.
655p today with gold north of 1950 and silver above 23. This isn’t even a material pullback in PMs either, just imagine where FRES will end up if they head if they take a big leg down…
It’s jam tomorrow yet again for PMs and FRES.
Big money has been rotating out of the sector and back into tech meanwhile FRES back to the dark days of early last year.
Who’s selling at these levels and why though? It’s specific to FRES and not a wider miner sell-off.
Not as if it’s just a fire sale of miners in the midst of a market meltdown either or flurry of bank failures, FRES was higher during the worst days of Credit Suisse and SVB.
Was HOC the only miner to finish in the green yesterday after silver’s mauling? This share is truly something special…
Ah yes the “when the dollar crashes” narrative, said every year since 1973. Back in the loony bin for you…
One of two things is going on here:
1) A horrible RNS is due to drop and the insiders (again) knew long ago hence the fall from 1000p 680p.
2) Share price is being pinned down by MMs to allow some big boys to hoover up on the cheap and induce others to sell out of frustration that it’s going nowhere despite $2k gold.
I sincerely hope it’s number two :)
Megla if you carry on with those realistic FCF projections then Sekforde might cut your car brakes.
He insists that next year’s FCF will be £4 trillion and that with buyback we’re all enjoying “pure returns” of 462%. If you disagree then he’ll filter you :)
Ah yes the supposed unprecedented demand for silver in solar panels and EV batteries, we’ve only heard that about 482 times in the last few years…
The global economy is grinding to a halt, industrial recession imminent (or possibly in one already) therefore industrial silver demand waning. Unfortunately this probably offsets investment demand for silver during financial turbulence.
HBR share buybacks are incredibly timely in every aspect, clearly over the medium to longer term here, upside potential now by far outweighs any downside risks, yesterday’s company update was another measurable reminder of this fact.
———————
Hahahaha said at 500p, 400p, 300p by all of your other ramping accounts :)
Also:
“Closing UT at 115p is very encouraging”
“HOC wants to fly” at 114p
Take your pick MasterClown
Sotolo I did but it’s still a hold for me, I actually expected it to trace back to low 60s so pleasantly surprised we’re back to 80 now :)
Ah the other penny flipper MasterRSI returns after a one year hiatus from the HOC board.
I fondly remember you ramping HOC last June when it was hovering in 105p-120p range for a while…
“On the bounce, bullish MACD” you cried as well as other technical analysis astrology, shortly before our dear HOC cratered 50%.
Good to see you again otherwise though :)
Insolvent? Nah, you are blabbering fool
Market cap is £374.38m ($473.18m) and revenue was $1.783m, if oil prices double it can easily
———————-
Tullow’s liabilities exceeds its assets therefore it is balance sheet insolvent. Do you actually know what that means? Why would you quote market cap and revenue in relation to my point?
How could you possibly be so clueless and ignorant when you (allegedly) are “invested” here?
If oil prices double? So in your carefully calculated forecasts (hehe), you can realistically see $150 Brent in the foreseeable future? Even if Tullow doubled it would just go back to where it was when Adie and Anton were saying “50p is the floor”.
This is all despite pretty much every economic indicator screaming “recession”.
most normal thing for the average stock is to go down 50% intra year. It's not a big deal. To quote jp morgan the market fluctuates!
Tullow shares have the potential of becoming a ten bagger. Bragging about "calling out" 1% fall is no a big feat.
——————-
You’ve demonstrated your mind-numbing stupidity yet again…
We were bearish in the 50s whilst you rampers were saying 50p was the floor. TLW then cratered more than 50%…This not a typical market move at all, it is capitulation.
You’re suggesting it’s “normal” for most stocks to move 50% up and down a year? You genuinely believe that a balance sheet insolvent oiler that couldn’t materially reduce debt during an oil boom is still a potential ten bagger?
You’re dumb, wrong, illiterate and probably broke from your ridiculous gamble.
Tullow needs a 35%+ gain just to get back to where it was on results day in February. That is how bad the situation is…