Member Info for Sotolo

No

Well we got to 150 so bound to pull back a bit

Thanks, did them from jmat which is showing $985 and $1073, whatever isn’t it lovely

Having bought more at 48 and 52 as posted here, I have done a bed and isa this morning. I make the basket now 1450 Tharisa and 1300 Karo, which is now 16% of potential profit from gold.

3bear. Share price looks forward, mining investors having been caught out so many times don’t entirely believe the bull is back….yet, plus probably expect a pull back first even if it gets going so expect like Tornado they can buy cheaper. They may be right they may be wrong but if wrong Cey has a long way to go so I hold

Prof as ever you took the words from my mouth, we have been here so often before is this time different,

FYI very approximately if my sums are right we are heading down to around a third silver now, with getting on for two thirds gold.. Also worth noting that this year over half our gold is hedged or has a collar, and from next year around a quarter. On 12 April 2023, the Company hedged 27,600 ounces of 2024 gold production at $2,100 per ounce, on 19 June 2023 the Company hedged 150,000 ounces of 2025, 2026 and 2027 gold production (50,000 per year) at $2,117, $2,167 and $2,206 per ounce respectively, and on 14 December 2023 the Company hedged 100,000 ounces of 2024 gold production using gold collars with a strike put of $2,000 per ounce and a strike call of $2,252 per ounce. So we will have to wait to 2028 to take full advantage of the new prices but it was maybe necessary to protect Mara Rosa profitability and paying back interest?

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Lovely super optimistic article, shame he doesn’t know more about the company. The family reduced their 50% holding a few years ago now at around £2 before all the Peruvian politics led the company to tank. The company have had Volcan now for many years unable to exploit it, it is now moved into a subsidiary Tiernan prior to seeing if they can possible get anyone else to develop it, but has been pretty worthless in the share price for many years. Yes the company is in a better position, and yes although the extra debt, to buy much needed Mara Rosa, is heavy in these high interest times, luckily saved by rising gold - they had to borrow and buy more output as badly needed to replace lost output that looked very dangerous a few years ago. I remain a holder and ever hopeful, but would not base my investment decision on $3000 gold till we get there. At that point inflation will have pushed aisc higher. I would expect the share price to be 2.5 to 3 times higher at that gold price if stabilized there as usual multiplier on profit of around 3x the gold price rise, though this multiplier shrinks as gold rises further, all imho

R1234, just so, the secret to happiness is indeed count your blessing ….and love your family, but many don’t have one so I have two similar but different mantras, stuff happens to everyone, dumped, fired, collapsing shares, so don’t get bitter and twisted (like count your blessings), and secondly be loyal, to your family, friends, ideas, beliefs (like love your family but more as we live in an increasingly atomized society). The relevance to holders of Centamin, Hochschild Tharisa etc, and now Fisker shares and cars, is getting bitter and twisted doesn’t help, though as Steve Jones might point out the loyalty list does not include shares. At least Cey and hoc etc are finally rising again and asR1234 says count your blessings, and let us hope this is just the start, Happy Easter all.

Have there really only been 2 share trades in THS in London market today, both over 5 hours go nd before 9am, talk about thinly traded, the buyback should have quite an impact!

Thank you mister T, but rather discounted that as need shares back where they were, Hoschild 3 times current price, Tharisa 2.5 times and Cey 2 times plus a bit for inflation! Ho Ho Ho

Tibbs you are absolutely right, I don’t like Maguire so don’t bother to read him but you have every right to post him. Viz the 52.5% to the government, we then pay no more tax so ends up actually less than some other rivals so I am perfectly happy with it. I remain more optimistic than you: if profit is $1000 on 500k oz that is £200m as long as they don’t spend too much of that on Doropo speculation imho, though it is better that they are at least investing in the future, why I bought more yesterday, time will tell. All best

Bought a few more on the pull back, we shall see...

BPat so far our purchases at 48 (and me reinvesting divi at 52 along with others) are going well, my first in a long time, as looked just too cheap given chromium holding up and even including Karo worries

Yes Steve miner divis are very cyclical but this normally means higher yield to reward for this. Theshare price is partly related to future divi expectations. I agree investing for future is necessary so we get a lower payout, but that will be reflected in the share price.. Cey paid out too much, now too little, a norm would be more like 50% between where we were and where we are, and with mine sorted out would hope we can recover to this. Combined with rising gold prices and ounces and lower costs that could double our price

Yes indeed Razor, but despite divi which used to be a reason for holding, now hopefully capital appreciation and then with higher profits higher divi to come in future. Steve The shares at the opening seem to be refle cting this up about 4% I guess for gold price and down 2.5% on lower divi. Steve for many holders as supposed to traders the dividend is very important, esp if retired, for income. However I hold as despite much lower payout, if gold rises, ounces rise and costs fall then dividend even at around 30% will slowly rise back again and the future looks solid now a lot of what went on divi is investing for the future…if it pays off and gold stays high imho

The government share at 52.5% may look high but we pay no further tax, Hochschild paid an effective tax rate of 72% in figures apr 2023!

So divi indeed down again another 20%, even at this historically lowish share price we are only only yielding 3%, now more is invested in the fiture, so as said before we need to depend on the gold price, hopefully its rise will obviate the not v interesting results (tho aisc costs good) and making near $1000 and ounce means near £200k a year even if a lot of that goes in reinvestment in growing the company. Hold and hope we continue rising on growth and gold price and become tier 1 again soon imho

Steve what we don’t know is the dividend. What we do know is the new management pay out a much smaller proportion of profit so divi has been steadily falling. Interim was down to 2c. Will the final tomorrow be 2.5% as last year, or up on your improved figures or down again, the latter two likely to affect the share price at least immediately (look how fast Hoc bounced back and more, from a quick tumble after no dividend at all yet again as the story is good.

Same with Edoardo Hochschild selling them at 200 and then fell three fold, should keep a lynx eye on directors, and when they buy