Member Info for Sotolo

The government closing your mines shortly and permanently is rather more than punishing an update. Methinks however that at 75p Hoc could be an interesting buy?

he like us knew that a far left government looked likely so wise man. At the time I posted this and we all knew but he kept 2/3rds of his shares and I hung in there in the hope it wouldn't be so bad. I think as a penny share might be a buying not a selling opportunity but can't buy or sell just now

Nor me Pedro but my understudying was that Hoc was pretty sensitive to local eco needs and that the mining provided jobs in a poor area in the safest way possible, but maybe Hoc have been pulling the world over our eyes: “ In 2020, we were proud to win first place in the National Oil and Energy Mining Society’s Sustainable Development Award, which recognises best environmental practices across the energy and mining sector.”. And from the chairman in the latest sustainability report: “I am delighted to present Hochschild Mining PLC’s 2020 Sustainability Report. We recognise that sustainability is a vital consideration at all stages
of the mine cycle – from exploration to construction, extraction and closure – and as such, has been a key pillar of Hochschild’s corporate purpose for many years.
Since our listing on the London Stock Exchange in 2006, we have come a long way on our journey to becoming a company more focused on sustainability with significant achievements along the way. We will continue to invest our time, resources and energy
to generate long-term stakeholder value through the transparent delivery of key minerals and a commitment to creating a positive impact and contributing to a better world. We have an exciting journey ahead and I look forward to reporting on our progress.
Finally, shortly prior to issuing this report, a tragic accident took place in southern Peru involving our transport contractor which claimed the lives of 26 people who worked at our Pallancata operation.
The entire organisation has been deeply affected
by this very sad and unprecedented incident and the management team has been doing everything possible to investigate its circumstances and provide a wide range of support measures to everyone affected. We have of course been fully supporting the local authorities and the contractor with their respective accident investigations. As you will see
in this report, our Company adopts a rigorous framework of safety protocols which cover all aspects of our business. The safety of everyone who works at Hochschild is our highest priority.
Eduardo Hochschild“

Poker, thanks (if that is the right word) for the news and insights. If you are right, which I hope you are, the question is how much a compromise would impact profits and hence the the share price. It is hard to value Hoc now as if the government do close these major mines down then we are a penny share, if they recant then on to £2 tho in a scared fashion, or anything between.

If we didn’t continue to invest in Inmaculada we would barely have a company so Bustamente has no option. Wonder how huge the drop will be tomorrow. Hard to value as if this happens Hoc would be worth in the pence I reckon, if it doesn’t £2. Yes Gould be an rns but wonder what it will say. Pretty terrifying for holders and Eduardo amazing that we weren’t told of these major protest against our company in the area?

rathkum over on advfn says Inmaculada and Pallancata, that would be disastrous if it goes ahead, oh vay oh vay why do any of us invest in miners, if it isn’t one thing it is another.

Gosh which mines? Pallancata whose output is hedged this year and next, ie already sold what happens about that, do the Inmaculada ounces have to go there? Plus spent lots further exploring there?
And or which other mine, Arcata that is mothballed or…..?
Whatever crazy news if it happens, we’ll of sadly found

Pacifico, does that mean these can be held in a Barclays Smartinvestor ISA and SIPP which allow no foreign shares, or will they be force sold by Barclays or a cash alternative that put back in Hoc if not allowed Aclara?

Sorry I can’t find anything on a Cey fuel hedge, the last quarterly report said: “ Strong balance sheet with no debt, no hedging ….. with lower underground costs partially offsetting higher fuel prices ”. My view is that miners, like airlines, are ultimately better off not hedging fuel, or PM sales, as unless they are prescient they are paying a margin to the hedge givers, or unless like Hoc they have a mine nearing life end with high cost and low profit, which they can lock in for another couple of years as Hoc did with Pallancata, which would barely be making, or losing, money this year without it, but doesn’t apply to us!

Yes of course Auson, but the Egyptian pound has been almost flat against the dollar this year ranging from 15.6 to 15.76, plus many costs like heavy machinery are in dollars, and the oil price is ultimately connected to its dollar price. So it is the pound dollar that counts for us and a lower pound raises our sterling profits

if gold were to stay the same but the dollar halve, then gold would double in sterling which is what matters to us and sterling profits would go up by maybe 4 or 5 times! The exchange rate affects our sterling share price considerable and when everything else is the same a falling pound makes our share like other UK shares that make their profits abroad more valuable. Anyway with my simple maths! All the best and another thing that has been helping us, now lets have rising gold, rising dollar, and rising ounces mined.

The usual dividend is between 4 and 6 cents, we have already had 1.95 so if it is 6 total then at our current share price is about $2.25 yield is around 3 ½ %. The problem is we have to spend a lot on finding replacement metal

…not only to s a good week but to a great month and a stonking rest of year, since late 2015 when I rejoined the Centamin party, most years there has been a lift of starting in Nov or early Dec taking us through Xmas and into the new year. Let’s hope a few of the crypto investors notice gold moving and decide to switch a bit…here’s dreaming…

Razor do you mean a stronger dollar, as the dollar is strengthening versus the pound from above 1.40 towards 1.30. Cey is priced in pounds, so it is the sterling price of gold which matters to us and if gold stays flat, and the dollar rises against sterling, the sterling gold price rises by that percentage. Moreover as Cey trades and reports in dollars, profit move is augmented by the pounds fall, so the share price rises a bit, all a small part of the great recent rise. For us rising gold and rising dollar is golden.

Sorry Mr B remove ‘rejected the bid’ from the sentence, but the rest stands, Endeavour has outperformed us by over 50% In the 2 years since the bid, with great latest results and W African success, and time for Mr H, hopefully having got most of the bad news out and underplayed expectation, to start catching up a bit I hope!

Thanks as ever Cowichan, viz your reference to Endeavour interesting to see it go from strength to strength up over 50% since the bid while we of course are down, so presumably if the bid has happened we’d be about 25% better off with growing rather than shrinking profit and lower overall cost. time Mr Horgan, having rejected that bid, to catch up.

WITH SPELLCHECK CHANGES UNDONE:
Gosh just what we need, finally good news and alongside rising gold, maybe Horgan has got all the bad out early and left some surprises on the upside as any new ceo does; IF both these (the company and gold) continue in this vein, that target of 110 should be surpassed and my 130 this year looks attainable (famous last words) anyway very pleasing, also both my ITV and Autolus had double figure rises this week, THS and Hoc up 25% in a month….oh now may this just be the start of replacing what has been an annua horribilis (esp building wise)

Gosh just what we need, finally good news and alongside rising gold, maybe Horgan has got all the bad out early and left some surprises on the upside as any new ceo does; IF both these the (company and gold)continue in this vein that target of 110 should be surpassed and my 130 this year looks attainable (famous last words) anyway very pleasing, also both my ITV and autobus had double figure rises this week, THS and Hoc up 25% in a month….oh now may this just be the start of replacing what has been an annua bori iOS (esp building wise)

If all the bad news is in the share price so we don’t get hit with 4th quarter results then our profits and hence share price should rise around 3 times the rise in gold. Plus on rising gold sentiment could take it higher, SO if this breakout is confirmed and IF gold were to rise 10% then we could see 130p, and if news good in December and gold catches on as the flavour more. Conversely if gold falls right back and news is bad we could revisit 80 and further. I am of course hoping for the former, but the break over 1835 if confirmed is exciting and as said often before increasingly negative rate should greatly benefit gold…at some time.

Barclays tel me you indeed won’t be able to hold the Aclara with them, so take the money and buy more Hoc or move the account to another broker and keep the Aclara, thoughts?