Member Info for Sotolo

On the strength of no announcement I rashly bought a few more this morning, no doubt it was my tiny purchase that lifted the shares ho ho. Looking forward to next week.

Spot don’t be greedy, I think we probably do better just holding and not trying to time it. I sold the Endeavour I bought with the Cey cash shortly after the tumble started that had doubled and bought more £70k Hoc with it as think Hoc had come back too far and undervalued when (if) things come good next year, so far so good

Yes indeed Spot. the takeover seemed a great idea to me as it seemed with better management Cey could do much better and lift Anglo. You have added in the 12c cash element staying at the same price but if you had put that in Anglo too you would have nearer £5 now!! I put mine in EDV which doubled and Hoc up about 80%. On another Metric a great trade was when Hoc fell below Cey to sell Cey and buy Hoc, once Hoc rose 25% above Cey to reverse it. Now Hoc is down to only 80% of your Cey current equivalent or even less when you take in the reinvestment of the cash element. So to my mind Hoc should prove very undervalued once their Mara Rosa mine is fully back up and hedges down to 50k oz. Anyway the 4 fold rise in our shares is more than golden flip flops. Anyone know if Mr T is anywhere on these boards?, I will make another Siko donation when the divi comes and I hope many will.

Wally I am hanging on for the ride, today another 90c quarterly dividend announced! Worthy of Centamin in its heyday, and with Centamin at 120p a tear ago before the Anglo off just this quarterly dividend would be around 5% by my very rough maths!

What a relief that this may be just a short correction, another healthy pull back though if so it seems shorter, sharper and thus getting frothier than the last one which lasted from late April to late Aug as we churned. If/when we reach new highs ie we hope then near 500 it may be worth taking a chunk off the table. The best investment advice I found was visiting the stunning Houghton Hall in Norfolk, which was built by Robert Walpole on the proceeds of investing the South Sea company, which he bought into after the bottom and more important sold quite a while before the very excessive manic bubble top.

And just for AUGUSTUS how kind of you, I was stopping for 3 days en route to Dominica but have extended to 10 days and rented a small modern house right on the sea by Bombas bar which looks like a walk to St Peter’s. Knowing nothing at all about Barbados it seemed around Heywood’s beach might be best and a bit quieter, but from this rental one can walk down a few steps from the deck straight into the water, and nothing beats that in a British February. The disadvantage is Highway 1 is behind but the main bedroom and living room are on the sea side. it would be a huge pleasure to meet another Hoc investor and chat in person about gold, mining and the company in which I have half my savings and an ancient distant family connection, I always feel the great strength of these boards is discussing different views, when done with reasonable respect, whilst disagreeing often strongly. Anyway enough of boring all, do please write to me at authenticer at gmail oh and that is com. Your advice on Barbados may be even more valuable than that on Hochschild.

One Db I too held tight and actually added, rashly selling £70k Aclara at 420 and bought more Hoc acouple of weeks ago, as I keep saying next year looks great though we maybe have one more lower than the market expects quarter. Aldo Prof, thanks and how lovely to hear from you, I hope you kept all your Cey shares invested in Anglo or other gold miners, the golden flip flops are real, however I am now 72 and decided maybe too old for a big Suffolk building project also because now spending a third of the year In Italy. However I have splashed out on a super duper rental right on on the sea in Barbados for Feb en route to Dominica that is far more extravagant than I am used to. Soon time to start helping a some friends and relations inc though to a lesser extent Siko. I hope other Cey alumni are here.

Dark Knight, I filtered the Oracle not only as I never read any actual analysis from him/her, rather an expectation of numbers that won't happen, as different opinions are always useful on this board, and not just because he/she started on this board admitting she was young and inexperienced, inc on Hoc and miners, as I appreciate the self deprecation, which again is rather sweet, but because he/she is part of a generation used to being very rude on line as to me and many other decent folk here. Worst is that behind this nasty school bully language most of his expectations on Hoc are totally wrong as when he said Mara Rosa output after the disasterand boss's resignation would recover quickly, annual output wouldn't be so down etc etc, my numbers were sadly right; he/she is probably used to Robin Hood etc and ramping shares, though Hoc is too big for that to work on this board. I have been honest about what I think as most on this board are, and respectful; when I think things look good for Hoc I say so and I am also honest when bad, as at the time the Peruvian election followed by the disastrous local rebellion for Inmaculada , changing to buying hard again when Inmaculada was finally reapproved, and post the Mara Rosa debacle saying would be bigger and worse than imagined, then once accounted for his summer when still in the 200's calling 350/400 for the autumn which we had but after the terrible cash etc of the latest quarter combined with expecting gold having a bigger longer correction the opposite, as I posted again today. However maybe it the bit about profits doubling next year that you object to? None of us is ever right much more than half the time, some like Supercharger are sadly not just wrong but malign. I would filter him too and hope I am right about increased profits next year even if you disagree and puck hopeful numbers form the air or the past.

Onedb this year’s PE should end up in mid teens, even at current fallen share price, - it was pretty shocking for the market to see so plainly at last quarter that cash had even fallen despite sky high pm’s and despite us knowing beforehand this year would be so poor. However if PM’s stay up next year PE should halve. Hochschild has always been a next year company which makes some investors weary. I remain hopeful that one year, next year will actually arrive.

Indeed onedb, why I bought quite a chunk this am as I think 2 in 3 chance this is a correction rather than top, and although slightly likelier it will be longer one and fall more before rising, it is possible it may turn back up quickly; as I don’t know which I bought the extra sizeable chunk this am and now as said because of Hoc rather than PM prices. Hoc is often hit hard by its poor communication at results and then as news sinks in it rises back again.

Onedb The price of the share looks forward, therefore it should be higher for a given price of gold on the way up than on the way down, when it is highly possible your investment will fall further. Having sold some Edv last week I rather rashly bought some more Hoc this morning. My thought is there is about a 1 in 3 chance we just saw a PM double top and now years of grinding lower a 1 in 3 chance this is a big correction and will take months if not a year to get back to where we were with the price falling lower and a long slow grind, and a 1 in 3 chance this will be another short sweet correction. I imagine the middle of those is likeliest but if that is the case Hoc should do all right with the higher ounces and lower costs next year plus the average gold price for 3rd quarter was $3200, so this year inc hedges should end up around $2800, so if gold stays above $3000 we should make more money next year than this! On that basis I rashly bought another £70k this morning, probably too early but hey ho

Pavlar results ALWAYS shortly after 7am in an RNS which you can see here under the rns tab

Pavarotti, chance would be a fine thing

onedb, big question is how much money hoc is printing, for sure not as much as it should be, if we were doing 360k oz (l ready lower than it used to be) with average price so far of $3250 and costs $1650 we would have churned in over £250m post tax etc. however with production down to 310k and 110k breaking even as collared and hedged plus higher costs total profit quite likely to be half that this year. however next if gold status up or higher and mara rosa comes back should more than double imho on back of my *** packet. i think that is why the market is very worried about wednesday’s figures, so often hoc takes a tumble even though we know the news that is coming, but that only creates a buying opportunity. anyway, hopefully the news is much better and especially the crazy costs will fall as things recover.

Kenj. I sold half my Aclara from the Hoc demerger yesterday eve as had gone too far too fast, click of a button with good old interactive investor and easy to sell £60k. Hanging onto the Hoc

Amazing ths hasn’t started soaring, I make Karo basket over $2100 catching up fast with the Tharisa mine basket that is now only $140 more. Karo is near 90% Palladium and Platinum

Yesterday evening I sold a third of the Aclara that I have held since Hocschild split them off. They have risen nearly 8 fold since the nadir when I had just about written them off and more than double since we were “given” them in the intensely annoying way Hoc always manages as dividends so I had to pay near 40% of their value at the time though I save 24% cgt on that amount now. To my mind they are now overvalued but could go much further in this bubble time particularly with the magic words rare earths, though by the time any is mined the world may be a very different place.

Market seems as unimpressed as me

Https://www.moneyweb.co.za/mny_sens/tharisa-plc-production-report-for-the-fourth-quarter-and-year-ended-30-september-2025/

Report looks reasonable, final quarter up, cash up, but I had hoped for more on Karo from this uncommunicative bunch. Of course they have a PR but when I was a business journalist I often used to find PR’s were there to obfuscate the real picture from the public, I wish THS would explain much more to us supportive long standing owners. As a result many over the years have sold citing opacity and the share price isn’t as high as it should be with these lovely figures. All imho

When Castillo the president before the one just impeached/booted out became president Peru became quite anti/tough on mining, our share price fell 5 fold from over 250p worried he might a few months before and 3 fold from the date he was voted in ie over 150p to around 50. it was an extremely tough time for Hoc and the shares, as locals were empowered and Inmaculada occupied/closed plus saying permits were not valid. I am not saying that will happen now but hardly surprising if the market is a trifle worried and this si reflected in the price, as expected when I posted first thing. Shame but that ia a vagary of mining in South America and another reason the price is where it is