Member Info for TheOracleofOmaha

"Always have physical gold and silver in your hand, cant go wrong." I'd have to disagree. Price matters. Whereas someone holding gold the last 2years and the next 1 to 2 yes is doing quite well, someone having held gold since the summer of 2011 has done quite poorly.

It always have been and always will be the difference between value and price that matters.

Pavlar I'm not implying that i believe that you are a gold bug. But there's a lot of gold bugs out there thinking they understand something Buffet doesn't. Forgetting that their last 2years of outperforming the market fails to vindicate their 50 years of under performing the market.

Gold by its nature over a long enough period holds (not gains) its value, this is it's advantage over fiat currencies (altho fiats can be mismanaged they are ultimately vastly superior actual currencies). So if you have the choice of holding gold or a fiat currency over a long period of time, gold is the obvious choice. Only that isn't the choice we are faced with. When given the option of bonds, businesses, stocks, real estate and gold, what ultimately matters is price vrs value.

I agree with you on cryptocurrencies (at least the ones that aren't back by anything), the only valid argument for why they would hold any value is the network in of its self. The cryptography albeit clever can (and has) been replicated many times over. whereas precious metals have limited competition when it comes to their physical properties that make them useful candidates for currency.

If your username is an acronym then yes, holding gold bullion in the form UK officially produced coins is exempt from cgt. PS. thanks for paying all that income tax i'm sorry so much is wasted.

Hoc mines mostly gold, silver % of production will increase a fair bit once royropata starts productions. (altho Hoc will still be majority gold). Also silver is more volatile than gold and large spikes in silver doesn't necessarily mean hoc will realise that selling price long term. Hence share price usually doesn't move as much on silver price spikes, when compared to smaller/steady gold increases.

I do love volatility above the £2b market cap, my share count grows as it fluctuates (i have predetermined bands at which I sell tranches and the same for repurchasing).

Golly, 4;21 you're up early :D

Silver produced in q3 was 2,291koz and silver sold was 2,068koz. This was due to a deliberate increase in inventory at San Jose as they believed that argentine peso would weaken against the USD. Thankfully they were right given the average exchange rate in q3 vrs the average so far in q4, adding a nice chunk of extra revenue, more meaningfully tho, the silver and gold price has risen a good amount in that time further increasing revenue achieved on q3 production . Same applies for gold (5koz q3 increase in inventory).

"issuing an aggregate of 11,670,200 Tiernan Subscription Receipts for aggregate gross proceeds of C$58,351,000"

at that valuation, HOC's position is worth £68m

Now above the £2b valuation, slightly less crazy a valuation as this time last week. I hope the volatility continues :)

"White House says October jobs and inflation data may never be released"

Its scheduled to be released tomorrow, but considering they're deeper into the shutdown than the last print I'd guess it would have been delayed as long as last month's if not longer.

Any idea if this week's print is expected to be as reliable as normal, given the shutdown?

Hahaha wow dark_knight you've really triggered him.

Sotolo atleast change the writing style if you gonna get create an account to muster social support against the mean ol'bully almost 50yrs your junior. On a side note im a libertarian idc if the 85% of the world was to disavow me, I only care about the judgments of those I respect to quote rick sanchez "your boos mean nothing, I've seen what makes you cheer"

Hahah rude but not ignorant, sorry to hear about your loses in THS, JLP and SLP. Maybe consider increasing electric car production. I made a small fortune pouring all in on Tesla across 2018 and 2019. I can't speak for the supply of platinum group metals but I would have thought there was obvious concerns about their relative demand.

MFW this guy.....

"Sotolo

Posted in: HOC

Posts: 3,693

RE: HOC17 Jul 2025 15:32

Oracle I compute that it is fair value now at about 240"

... toots his own horn about hOw CoRrEcT hE hAs BeEn AbOuT hOc.

Gives off orange-man bragging about passing a dementia test, believing it proves he has a high iq. At least orange-man has some charisma about him, this old fart has the nurses looking a bit too long at the pillows.

Too kind good sir

sotolo the clown.

easily verifiable facts anyone who isnt severly ******ed has the mental capacitity to verify.

1. at the time of your post this morning hocs market cap was £1.649m

2. hocs h1 profits attributable to shareholder of parent £90.9m

given a pe ratio of 18.14 for simply the profits on the first 6months of the year. the second half of year gold and silver price far exceed that of first half (average realised gold price in h1 was $2832), which should make up for a even worse h2 from mr and then some. profits will likely exceed £155m. (pe of below 10.6). its very simply clown

"JPMorgan has significantly raised its price target on Hochschild Mining, most recently moving it from 370 GBp to 610 GBp. Analyst Patrick Jones maintains an Overweight rating and ties this increase partly to a more bullish long-term gold price forecast. JPMorgan has lifted its forecast by 80% to $3,850 per ounce."

jesus no wonder their past valuations have been so dumb "JPMorgan has lifted its long-term gold price forecast by 80% to $3,850 per ounce from $2,100"

With the long-term price of gold at $2,100, £3.7 (or £1.9b) is far too expensive.

80% change in expected commodity price for a high cost and high growth miner (therefore levered to gold price) should right of the bat naturally increases valuation by a multiple of 80%, yet 6.1

Some institution/(s) wanted to trade a big volume without moving price. End of month so could be a idex tracker rebalancing, hoc must be one of the more volatile members of the f250 as of late.

I feel so lucky to be able to repurchase at these prices. Idk who is selling them to me and why they are so generous ;)

The valuation is slightly more crazy than it was friday, if it had been up 6% today it would be slighlty less crazy. None the less, still crazy.

£1.7b valuation or $2.26b for a gold miner that had h1 after tax profits of $91m (granted $30m of that is impairment reversal), thats with an average gold and silver price in h1 significantly below the average so far in h2. With any sensible prediction being more ounces next year and even more ounces 2 and 3 yrs after. Its a lovely deal to be offered. (Not to mention whats on the balance sheet...)

Jp morgan patrick jones