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Slater, spot on again, I just copied your post to the Centamin board.

Talking of all the pundits who tend to be a bit worse than monkey throwing at a dart board with half marked up and half down, who are at least right 50% of the time (but then have no interest in sucking punters in to buy) this from Slater over on the Hochschild board “ I find it comical how Andrew Maguire can still come on every week with such conviction and enthusiasm about 'silver to imminently break the financial system' and pretend that the previous 999 nonsense predictions never happened. Maybe he has amnesia and genuinely think it's the first time he's said it.” So do I and on gold, and all the others who have been calling on it shooting to the stars and then when wrong again blame the lack of buyers on conspiracies, quite Trumpian in this fake news world of his and his friends’ creation.

Funky, thanks. However I disagree, it is not so much the Tate Modern as Mystic Meg, with a combination of tea leaves, crystal ball, tarot cards, palm reading and astrology, which alway prove definitively, like Andrew MaGuire and his ilk of gold salesmen, why the market should rise. Hey ho if they were monkeys they would be 50% right, shame they are not quite as good.

i think it did the opposite, paid £100m, 40% over the share price, ste when gold proce was higher so presumably worth less now, but beggars can’t be choosers and with Arcate closed, Pallancata run out and ounces shrinking had to do something. However price so low I daringly bought a few more which is a bit wild as CPI today and results tomorrow

3 Bear, wise words,, and great Horgan I appears to have a strategy to get it together on ounces and costs - hugely sensible to reduce the divi rather than pay it out of our cash savings - particularly in such a dangerous gold market. When I Posted that I rashly bought some more recently, when gold touched 1680 and Cey was 77, I said I expected it to bounce to near 1800 before continuing the fall and much further. Well we are there and US CPI comes out today which could be the catalyst. I very much hope I have got it wrong, as is so easy to do, and Cey and gold continue their rise, as said I am holding as gold is tremendously fickle, not I believe from wild conspiracy theories as many here believe alll of us do, but investors double guessing who will buy and sell with rising rates and inflation, but I still believe a tumble is in order before new highs. The key in mining remains that over time costs do not rise faster than gold, and over the last few decades costs have risen faster than inflation while gold has more or less tracked it. So good luck Horgan, and thus us.

We must enjoy while we can before next fall

Shame I failed at 99.5!

Will the interims actually be bad enough to knock the shares further or will it be like Centamin that despite fewer ounces at higher costs and a much reduced dividend, these were already known, for Cey just as Hoc, so anything encouraging about Amarillo, Volcan, Snip, or positive political or exploration from Inmaculada could lift us by 10% as Cey. A lot depends on gold and whether trying to buy their way out of failing mines like Pallancata and Arcata they have paid too much for snip Amarillo etc.

Paul you are quite right, a year or two ago I reduced my Cey holding and put a chunk into THS which has fallen 25% which is far less than Cey, and is a great company mining chrome and platinum group metals, and a little into buying more Hoc, which turned out to be useless so returned this to Cey plus have bought more so have the biggest number I have ever owned, the reason why is thought I expect gold may fall below 1680 on the rate rises now, mid term I hope for a rise with inflation and I don’t like to try to time the gold market which is notoriously tough full of unpredictable short term currents and eddies even if long term I believe the tide is rising. This to cheer you on the gold front as yesterday’s FT to paraphrase said tax cuts are set to be an important feature of the Truss premiership… Nigel Lawson draws parallels with the 1972 ‘dash for growth’ Budget that was followed by years of high inflation, when gold increased almost seven-fold in real terms. Commodities like oil and wheat also did well. The dismal performance of equities showed they were a feeble hedge against inflation.” Have a good weekend

Prof, the impediment is not just potentially falling gold but rising prices, we are sadly no longer a low cost producer, despite solar. Double the ounces at a quarter of the margin or less doesn’t really help. So I just hope costs begin to turn down as we have become a high cost producer with them up over 50% obviating $500 rise of gold.

The company is on the up and as we always expected it would be, also as Horgan got the bad news out of the way first like any good incoming chief executive and also always promised a recovery to above 500,000 taxes after a couple of years. The fly in the old meant remains the price of gold, if you remember I bought more CEY at 77p a couple of weeks ago and when gold hit 1680 as I suggested it would recover to 1800 before falling again and further. Most hopefully I am wrong in the second half of this expectation, but if I am right sadly more ounces at much lower margin would lead to even lower profit and share price. So is this just a fortnight when we can feel cheery or the real thing? Obviously it is better to be in a recovering and hood mine with falling gold than one like Hoc. Why I keep holding, now over 600k so most ever.

Should be less than Centamin,

So as all expected, and looks on track, plus Horgan looks optimistic, hopefully the share price will begin to recover

Cash down to $175m
Aisc up to $1400
And this is the dividend history that says it all really, with the dividend now near halved on an already reduced dividend, as we have expected after the troubles leading to much reduced profit. and explains the share price fall of the last couple of years, If shares were back at £2 Cey would be yielding just 2%.
Dividend history in US cents
2016 16
2017 12.5
2018 5.5
2019 10
2020 9

2021 9
2022. 5

I for one am pleased the dividend is reduced as paying it of saved cash rather than too small profit is silly especially now. We badly need to keep cash in my opinion as if gold falls back below $1400 and we are making losses, and borrowing super expensive, we need that fast decreasing cash pile to tide us over

However as usual the year after next looks good….if gold recovers by then as I hope after the oncoming tumble

Not to me, still seems stuck in a long term down trend way below most owing averages and no chance of 20 crossing the 200 on the way up signalling we are back, plus sadly the fundamentals back this

I tried to buy 11000 yesterday after lunch when the ask was 99.5 but couldn’t get a quote for even that small number, a very illiquid share with quite a spread

I doubt that anyone here is short too Slater, wish I was and had been last two years, as said sadly still holding 470,000 plus the bloody Aclara. Why do you think anyone here would bother to make up anything here especially their failures, it obviously doesn’t affect the share price as Slater said which is far too enormous a market to be affected by one Hoc poster. Sadly so far Slater has proved the most accurate here and I tag along, like Slater I think there will be a big rise, just not till this big fall prompted by Greg rate rises is over and that is still a while off. Modestus is right Hoc is more geared to the gold price than most miners as a heavily geared high cost and rising producer. That also means Modestus that it is heavily geared to falling gold and will presumably halve again from here at the least. But I still can’t make myself take the million pound loss on these and the end of my dreams. Slater what do you think?

Modestus you forget that Hoc is now mainly gold and becoming more so,

Modestus you are quite right gold was much lower, sadly our costs were as well, we mined more and the likes of Arcata, Pallancata etc hadn’t run out. I am sorEly afraid that slater has it right And if you look at forward metrics with gold at maybe $1500 you would be extremely worried …

No as said I madly have not sold a single one for over a year, as I expect to lose then hope to make back and more, if Hoc survives the turmoil, but am always a long term holder