Member Info for Sotolo

Quite the opposite, it is much appreciated as are all your and others here’s insights

…and if taken over later, exceedingly cheaply, why bother t now when get it cheaper each month. Clever Mr Hochschild selling over £100m 5% north of here, must have worked out silver overvalued

Yes I am very disappointed, I thought it would rise back to 130 on golds dead cat bounce, before continuing the fall but gold is just too weak so now will just stay fully in till we eventually come out the other side. The great thing is the balance sheet which will keep us going even if gold falls below break even for us, the disappointment the halved divi,

Googleetc may be scary but Palantir is a truly scary company

I totally acknowledge last Sept, Omi was 4p at th start of the month, on 1st Oct it was nearly 16p a four fold rise, since then it has moved between about 18p and 40p as pending more news it is just a question of traders moving in and out (and a lot of them seeking a fast buck) so I keep posting these same thing as nothing to change it, just as those who keep posting it is unfair it has fallen or why. I believe that we await more news for a different price - higher if good, lower if bad. Seems logical imho, but these boards often only accept wishful thinking, and as with Covid and Brexit are in keen on other opinions. I of course am hugely hoping it makes 50 p or more (especially for the ones I bought at over 300p) but have no idea if it will do that or fall back to 10p or 5p again as have seen before. The potential move however is higher on the upside as the most you can lose is 18p so I continue to accumulate

640k 710k, yes that is pedantic, I do all the mental arithmetic in my head to try to ward off dementia so amazed not 100 fold out, ounces to tons is a weird one and I might have been using American ones! Yes Tiger hope you are right on Nornickel, we also have the reduced car production from chip shortages, and all the noise about VW electric to contend with. However THS seems a very slow share that doesn’t react that quickly on the upside or down, nor through the day. I hope the glowing first quarter results two weeks today change that. Amazing how the company’s PE has moved regularly by a factor of 5 over the years rather than shares adjusting sufficiently as profits change.

Because my overall price is 7p, despite getting it wrong and buying in 20’s and 30’s I was lucky enough to have sold some at just over 40. I say the current price is fairish value, but it can shoot up as speculators shoot in, but as we have seen they shoot out again. I mostly hold shares that are fair value, for the long term, hoping that changed fundamentals means the fair value will rise. As to reading the details of the Newmont deal I had long since written my million Omi shares off so was hugely surprised when Newmont bought in and they climbed to 10p and sold half and forgot them again at 20, then hugely surprised when soared to 40, as said sold some and bought back a bit lower to reduce my price. I seemed to have got happily caught in a bubble. Hope it doesn’t shrink right back again this time, but I don’t have anywhere else to put the money and I enjoy OMIs crazy trajectories. As you have read the deal do OMI have the right to sell their remaining 20% and at what price? Otherwise OMI are stuck in this until or if Newmont decide to buy them out which could be never? Only asking

Breaktwister, surprised which way by the Easter results?

Went up too far too fast, now speculative froth leaving will be a better bet

I am touched you think the press releases could be mine, they are obliged to be honest and although 2020 held up well, as before the huge new capex, this year is another story and the company are obliged to tell the market about this and that ounces will be a bit down but. Ore important costs soaring; the first three quarter of 2020 had an aisc of $918, 4th quarter over 1600; overall costs will be up by nearing 40% with the extra capex in 2021 and profits more than halved at same gold price. That is not a Jeremiah, it is telling it exactly how it is.. I would much prefer a board that doesn’t just say wonderful wonderful wonderful buy buy buy, but actually tells it like it is as Martin Horgan now does, and why I hold and back him, so I am honoured Mr T that you think my honestly meant posts are worthy as his. Now stop niggling me, I have also posted most optimistically when warranted and just this week about the wonderful mid and long term potential, but doesn’t stop this year having over halved profit whatever you say xxx

Or vice versa out which is usually even harder historically, last time had to do it on about a dozen trades

journey to t eh centre of the earth.?

Don’t agree, would need stunning results to justify 40p, remember we have to wait years to mine and then 80% of the profit goes to Newmont Agnico, so seems a fair waiting price now, in fact I think fab with an ave price of 7p despite topping up higher than this.

They will still be Short 640,000 oz PM this year, we mine 160,000 so like 4 Tharisas out for a year

I asked a week ago if Rhodium was seeing a double top, it is looking more likely; however the first quarter figures in a couple of weeks should be great, the market obviously thinks they can’t continue or Tharisa’s share price would be double

Dr R glad you agree it was quiet here, then noisy now quiet again, the noise coincided with the big rise for whatever reason, the quiet with the fall back. I just noticed a correlation between fewer posts again and lower price again as it used to be.. If I won the layers I would laugh all the way to the bank, as much as when Omi soared, if my winnings then quickly more than halved I would be a little sad.

Sorry Ignazio like Ernesto Hochshild is a seller, he sold over £1m in Feb, hardly a huge vote of confidence but so far has turned out wise, they realise I guess that silver and gold were overvalued, plus their reserves falling. I, sucker that I am, continue to hold in unfounded hope…..

No actually it always used to be this quiet till a load of froth arrived and overbought the share, now we are returning to sad normal, it was fun with all the company while it lasted

PS just posted on the Hocschild board, in reply to someone asking whether to invest here:::
“I think Centamin is oversold and a long term better bet. The price has more than halved with their mining wall disaster meaning higher costs, fewer ounces and much lower profits…..but the good news is thar the gold is still there and a radical rethink will make it more secure and efficient to get out. Then Sukari is a long life mine while Hoc will forever be scrambling to find ounces at greater and greater costs, although on Hoc plus side I think the market hasn’t taken any account of the rare earths, whose prices are up 66% in the last 6 months. Plus a huge capex has been going into exploration, though Hoc is actually working in more difficult political jurisdictions. The gap between Cey and Hoc shot up last year when Hoc was the better buy but is now falling, so all in all I think that Cey is a better bet just now but if the gap narrows then Hoc. Plus although gold price weighs both down, and for Hoc silver is falling faster than gold, good news from either could obviate that. Finally directors have been selling Hoc at this price and buying Cey. There you have it.

I think Centamin is oversold and a long term better bet. The price has more than halved with their mining wall disaster meaning higher costs, fewer ounces and much lower profits…..but the good news is thar the gold is still there and a radical rethink will make it more secure and efficient to get out. Then Sukari is a long life mine while Hoc will forever be scrambling to find ounces at greater and greater costs, although on Hoc plus side I think the market hasn’t taken any account of the rare earths, whose prices are up 66% in the last 6 months. Plus a huge capex has been going into exploration, though Hoc is actually working in more difficult political jurisdictions. The gap between Cey and Hoc shot up last year when Hoc was the better buy but is now falling, so all in all I think that Cey is a better bet jus now but if the gap narrows then Hoc. Plus although gold price weighs both down, and for Hoc silver is falling faster than gold, good news from either could obviate that. Finally directors have been selling Hoc at this price and buying Cey. There you have it.