Member Info for Sotolo

A bid depends on the Hochschild family, as you say, they have been in this for a very long time and I believe have always thought they can make more money out of running the company than selling it. They did lighten their shareholding when the politics got very ugly a few years back and were prove rights as the shares near quartered but they retained a very substantial chunk. The hedge is much smaller this year

It is an American share so just look up the price in dollars and multiply by the number of shares you have and you have the value in dollars. Most brokers quote the uS price during the hours the US market is open (after 2.30pm) so very easy to sell and buy. If you are with a rare broker that doesn’t trade foreign shares then it isn’t really a proper broker and you should change. I changed from Barclays that I found hopeless to ii that is brilliant and never looked back

I wouldn’t read too much into it, a lot is being written about a gold price pullback now, which is quite likely as it would be slightly surprising, if lovely, if gold vaulted through $3000 on the forest go. Given the huge rise since Covid a chunky pullback is not impossible. Miner share prices are a summation of how investors see future gold price and they are becoming a bit less optimistic. That is not to say they are right, nor that gold can’t continue up, just they are saying less likely imho

Islandgirl the miners prices look forward do they are expecting an imminent drop. This is also likely as will take a few assaults on $3000 to break through

Dark Knight, it should recover far further than 200, which might take a little piercing but I have said frequently the fall was way overdone, though maybe needed to blow off the froth, imho it should have fallen to 200 max and with the gold rise since we should be above 250; if gold holds this should happen with the finals so within a few weeks and if gold tops $3000 plus, and better managed pr and divi at finals, we should surmount £3 I hope, all why I added £60k in the 170’s and suggested to all a brilliant buy at those prices (and still). However the froth the of the huge rise of the last year or more needed blowing off and it has been. Hoc is and always has been a very flighty share, part of the fun!

My guess is Hoc will do better than ggp, thanks you for suggesting and choosing it but I will continue to top up here at these absurdly cheap prices; I have had a long term plan to take money off the table when gold reached $3000, and Hoc over £3, as a likely big pullback. Hoc will go over £3 but might be slightly longer. I am looking forward to March and our annual figures and guidance

I moved my whole portfolio from Barclays to ii after similar shenanigans but before the Cley sale to Anglo. I can say that peristernt complaints work. Ring every day. Explain that we were bought by a dollar denominated Nasdaq quoted company, with ii I have never not been able to sell when they changed from Cey to Anglo. Keep complaining, keep explaining and you will win what is actually yours. You own Anglo shares quoted in Nasdaq. They are yours and Barclays needs to work out a simple way to transfer them to ii. Have you opened an ii account and then tried?

My last sale before yesterday at 13p was almost exactly 3 years ago at 38p. Let’s hope I didn’t call the top again yesterday as I only sold 20% this time so would love a further rise

Bhargav I don’t usually read this board as unlike the likes of Tharisa where you get a post a week, or Hoc which was like that but still only a dozen or so, OMI has hundreds. So if not a bother to recount tell me how/where you “lost a million shares” and if you will be able to find them?

Razor how cheering to wake up and find you here. Hopefully we should break £2 in Centamin money today

With Anglo rise now up to £1.98 in Centamin terms, pretty pleased I decided to hang on so don’t worry too much if Barclays has made you do so;

Bhargav, actually taking some losses off the table, however over the years I did reduce my purchase price 20 fold from 320p to 16p and always good for a capital loss

Bhargav, we haven’t met here for a very long time, I am the person who has owned these for 20 years,I halved my holding when they bounced up to the high 30’s a few years ago, when you were super optimistic and disagreed strenuously with anyone who criticised the company or said the shares might fall. I made my first sale since then today though only 100,000 shares. I am now down to only 650k from 1.5m (when there were many fewer shares so over 1% of the company). I used to go to the board meetings in London long ago.

Many reasons, they have a long/short strategy so who knows what they are hedging?

Phew! Thanks Mike and for your prescience and knowledge, let us just hope this is a bottom rather than a dead cat bounce

Yes pounds, ii gives you a price for your sale in pounds and you have it to reinvest in UK within a minute or so

One never knows what the shorting strategy are, ie some may be paired with longs in other miners. Or metals as posted. I read in today’s FT that president Miles says with inflation tamed he will allow the Peso to be freely convertible by the end of this year which should help San Jose where Argentine currency was said to be a contributor to our cost rise. Their Peso went up nearly half last year which is huge

Hochschild was smashed down 25% last week by results, that were mostly on course but with higher costs (take care of by higher gold price); I think perhaps the fall was far larger that it should have been, and Hoc is relatively undervalued, because it was not expected and worse not that well communicated or explained so the market overattached significance. companies are partly judge not just by what they do but how they are seen and PR really affect this; I feel if Tharisa PR was perhaps more respectful of its owners, us the shareholders, and explained and answered questions when asked more clearly, and perhaps less gung ho about the future when this is not what is happening, and very very clear, then Tharisa might be more loved, the market is absurdly thin, one trade so far today as I write around 930, and some might be put off, judging from some comments here, maybe thinking information is being obfuscated or not communicated even if this is not the case, some of these posters were maybe keen to sell partly thinking, albeit maybe erroneously, that Karo and its financing hadn’t been explained properly or in a way they understood clearly. All just my thought but I spent a lifetime around PR and marketing and these makes companies as well as what they make and sell. We own Tharisa shares because we love the company so don’t be defensive or frightened of us even when we get it wrong but love us and explain. Thanks all at Tharisa for your hard work on our behalf and let’s hope you don’t allow Karo to be an even greater drag as we put more and more money in. Absolutely no offence meant, I may be very wrong and other posters may disagree, but the share is definitely out of fashion, and not just from the lower metal prices imho

Me too, sold another 500 in the ISA and moved to Hoc as I reckon although small the dividend should be as much as Anglo and the move save losing 15% of. the Anglo divi in US tax not refunded on ISA held shares

Swapped another £10k from Anglo to Hoc in the ISA, hoping Hoc will give a reasonable divi I expect about 1.5% (Anglos isn't huge) which will be entirely tax free (Hoc) rather than paying 15% tax on them (Anglo)