Member Info for Sotolo

Yes by 2024 now, but on the way. 250-375k fall in aisc partly on production getting back to above 500koz. If all this happens and looks sustainable then as long as gold stays up our share price should recover. I am hanging on!

What a pain, pay whopping top rate divi tax, would have transferred them to spouse, presumably too late even if I could tomorrow

Vicjain, the share price goes lower if more people sell than buy and I don’t think it is the BOD who are selling. The BOD only say it as it is, this is a very long very prospective haul, mining and making money are far off. This puts off many investors who expect some magic news now, so sell, but not us who look to the future. The share price is not the fault of the board of directors who imho have done as well as they could in extricating OMI from Uruguay. Now we are at the mercy of Newmont Agnico and the share price is what it is and it is at this price that buyers and sellers overall match also clever Brad raising cash at a higher share price.

yes Mr T Endeavour doesn't have a great history but is improving, share price flat on the year, Centamin has a great history fo churning out cash as you say but is getting worse hence down 25% on a year so Endeavour has well outperformed Centamin this year, lets see next. You are right that aisc is not a perfect metric and doesn't include all costs, however if a mine sells metal for less that the total cost, in the end it has to close just as Hochschild had to mothball Arcata, cash is king and sorry to go on but I think the key for Cey is to get costs back down so it starts throwing off lots of cash as it used to - though of course it used to be easier before the full 50/50 profit share kicked in.

Halfpenny I think the gold price trajectory is even more important. If gold were to halve we’d be sunk. If gold to double profits would be hugely higher whatever the rns, Even a 10% gold rise equates to 30% more ounces or a much longer mine life, and a 30%ish share rise Which is unlikely from the rns and a 10% fall similar. Of course if the rns said they were getting costs under control and would be back below $1000 as they were that would make a very big difference as has been the main reducer in profit. Just my sums, all best to all

Quite so, metalhead

Dear TT. If that was directed to me what is your explanation for why the shares aren’t higher? I’d love to know what you think puts buyers off? My view is it worry about inconsistent profits and politics, not mine which is why I not hold them and moreover highly recommend tofriends and colleagues as seem a snip, and I am usually loathe to recommend. If would pay a premium to get my fictitious shares off the register, well they exist so how much, 160p, then I can buy them back at the underpriced market value? I still fail to understand why when one attempts to find reasons for why a share is not higher on these boards it arouses so much ire. And TT if not directed at me sorry but again the last sentence still applies across the chats tho usually not here as an unusually courteous and helpful place.

Better figures were expected, we fell a bit on this last week, plus shares look forward and profits could easily halve or more next year if Palladium Platinum fall with oversupply and rhodium goes down not up, this is presumably investors worry, plus chrome being hit by new tax.

Sorry according to Tharisa below dividend 18.5% so barely more than usual 17% and so no special dividend as Phoebus hinted at earlier in the year. Still lovely to have over 5% yield tho in a specially good year

Nice dividend nearer 25%

The 60% premium only takes Amarillo price to about what it was a year ago. It is not huge or a game changer, as with San Jose and Snip they are all small compared to Inmaculada, but Hoc is trying and it looks like a smallish l9w cost mine with potential. Hopefully market won’t be displeased as normal with Hoc corporate news, as when acquired the rare earths

Sorry Poker, didn’t read his post, you were quite right to correct him, just seemed wrong out of context, mea culpa, I should read entire threads before commenting, and certainly not doubt you. Good luck to you too - did you just hold on through it all as I did, tempted to top up but I already have far too many eggs in this highly volatile basket, plus who know what repercussions there may be….

Ian. Maybe THS share price staying pretty flat on news today as
A. Although earnings doubled, they increased slightly less than expected and mainly because of this year’s abnormally high PGM prices that many expect to fall back
B. Even with this super high PGM prices, and so earnings, this year will still only yield around 4% if we get the usual 17% dividend, so if earning return to more normal THS would yield 2%. True the PE is absurdly low but so is the payout for such a very risky share (politics, PGM prices, chrome tax, zim etc) imho

Poker I really enjoy your thoughtful informative and caring posts so thanks. However in my reading although Hoc indeed has around $200m of debt it also has US$250m in cash, so around $50m net cash and probably higher as making cash all the time. which is historically amazing but over last few years has paid down all the debt to become cash positive, most impressive

Yes but gold and silver have dropped so would have expected Hoc to have dropped fro 165 to about 150 or even upper 140’s along with ite peers so recovery is nearly full

What are shorts on Hoc not retracing from its recovery, do you mean shorts on it going down again from here, having recovered quite a bit since Mon morning

No Rns yet

Opulentia. The threatened mines are over 80% of value, the CEO said this am the drill bits could be made to stop turning imminently. This will hopefully be reversed but if it isn’t you are unfortunately over sanguine.

Yes indeed. Hoc up 33% since I suggested popping in half an hour ago, what a rollercoaster! Maybe time to pop out again if you popped in. I am just sitting it out as usual

I am not suggesting Hoc isnot being punished by the government but you said markets could be heavily punishing on poor results , in this case the price fall is realistic if you listen to the currently on air Hoc conference call where ceo just saying right now that if this is correct they must stop all operations and close down immanently, the market price is still saying 50% chance this will be withdrawn and Hoc mines continue ,