Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thank you for the answer. I can sleep better with 7p tonight :)
So what is the closing price in your account mate? Seriously? 7.5p to 6p a day, that's 17% down a day.
My trading closed at 6p. So its 7p or 6p?
I also sold all my other mining shares, CEY, POG, GFM including HGM of course! I think i will get back in at least one of these. There were many times i missed the best rides. i.e. I sold BKIR @ 14C (deeply regret) I sold EMG @ 110C (now around 180, sicked of this) I missed PRE from the ride 2.60 ( i was too cautious, i was very close to buy in, really really close) I missed Quindell (from 37C to 110) ( i was too cautious, i was very close to buy in, really really close) However, I think it is far better to keep the cash rather than make the wrong decision. My own philosophy in investing is ''Regret in missing a big ride is far better than regret in making a wrong decision'' I bought HGM all the way down from 70p until my lowest purchase at 25p. I must admit i had many sleepless nights during that dive! I am looking at Goldcorp in this few days, it is quite attractive at its current share price but i need to do more research.
Cheers :)
Yeah, maybe it will go higher, maybe it will go a lottt higher, maybe it will go retrace, who knows. Been investing in shares more than 11 years now, profitable annually or at least breakeven. No one can predict the market, the one says he knows is a lier. Anyway, HGM is a very good company, if i miss the boat, then hey! I am happy for those who are holding firmly on this little gem
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Good to see gold is on the rise from 1172 to 1188 today! Hope we will move to 1250 level and never look back again!
I did not sell either. HGM holding up pretty well because of the Russian Central Bank announced interest rate reduction to 12.5% as expected. However, the share price would have gone up to at least 47.5 if the gold price didnt tank to 1180 an ounce. That is a lot. I am also holding POG and it went up 7% today. Not too bad!
From my assessment, the share price will not drop more than 10% like last May and September. The share price dropped to 25p because the company reached an unknown territory but we are now crystal clear after the financial year report. Therefore, we should not go back to the 39 cent territory. I just hope we wont see a large drop tomorrow. I hope would be less than 2% or a rise after the Fed 0.2% gross domestic products rise compare to the projected 1%. Gold price did not react to the news but this is normal. The market can react in either direction no matter it is a good news or bad news. Also, Russia central bank should announce that interest rate adjustment to about 12% tomorrow so this will be good for the business. I hope Russia to lower the interest rate even more because strong Rouble is bad for the economy, making the exportation less competitive. Fingers crossed we will see blue tomorrow! or down less than 2% worst case scenario
I just done the research. It is worth to hold if the share price is not falling more than 4.2% (2/47.5). The dividend is taxable so 80% x 2cent = 1.6 cent. Current sp 47.5 - 1.6 (dividend after deducting tax rate) = 45.9 cent. As a conclusion, if the sp at market open tomorrow is more than 45.9 or 3.3% drop, then selling after the dividend records date would be better than selling it before the ex-record date. Correct me if my calculation is wrong
I think even if we sell first thing tomorrow, we should be qualified for the dividend. Isnt? I doubt we will see a fall more than 4.7% when the market open tomorrow.
How many hgm shares do you hold? By the way, in order to qualify for the dividend, the share holders need to hold on the ex dividend date which is tomorrow and sell on Friday morning. Isn't? Thats mean it is worth if the sp will not drop more than 4.7% (dividend) between tomorrow market open until Friday morning market open. Isn't?
In my opinion, selling before the ex dividend date might not a wise decision 1. Dividend 5% is good to cover an retrace 2. US fed possibly announce the delay of interest rates today 3. Russia to announce decrease of interest rate tomorrow
$1204 up from 1180 this morning. It would be nice if gold can go up to $1400 this year.
45.15
I also bought loads at 69p but keep buying all the way down at 55p, 42p, 32p and 25p. My current average is also at 45p. I am thinking how many of us will hold if this share go up to 60p, 100p, 140p, 180p, 250p. I am sure we all will ask, why did we sell the shares at 60p??! I bought bkir at 10c and emg at 73c but i sold them way too early!! But hey ho, who knows? I also asked myself why i didnt sell HGM at 50p when it went all the day down from 70p to 25p?! I should have sold at 50p and bought in at 25p to double the amount of shares i hold! Hard decision when comes to shares. It is so unpredictable.
http://www.highlandgold.com/investor/releases/2015-04-09.aspx News Releases Directorate Change 9 April 2015 – Highland Gold Mining Limited ("the "Company"), the AIM-quoted Russian gold producer, announces that executive directors Alla Baranovskaya and Sergey Mineev and non-executive director Eugene Tenenbaum are standing down from its Board of Directors with effect from today. The Directors would like to put on record their thanks to Ms Baranovskaya and Messrs Mineev and Tenenbaum for their dedication and insight. Ms Baranovskaya and Mr Mineev will remain as valued members of the management team in Russia. In addition, the Company announces, with effect from today, the appointment of Mr John Mann to the Board of Directors as an executive director. Mr Mann currently serves as the Company's Head of Communications. A native of Washington, DC, Mr Mann studied political science at Harvard University with a focus on Soviet history and politics. He is a professional of 20 years in the fields of public relations, public affairs and investor relations, 18 of which were spent in the CIS region. Mr Mann consulted some of the world's largest natural resources, energy, and consumer products corporations before joining Russian listed oil major Sibneft in 2002 as head of international public relations. From 2006, he has served as head of communications for Millhouse LLC, joining Highland in autumn 2014. The Directors are pleased to welcome John to the Board, where he can serve as a direct conduit between the Board and the investor community and contribute his valuable management experience to the company's operations. Other than the information provided in the Notes below, there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) (i) to (viii) of the AIM Rules. For further information please contact:
Thank you for taking the initiative to look into the matter (unlike some other people just criticising with no constructive answer). Maybe Digital Look produce their assessment for both HGM And POG based on political motivation to discourage people invest in Russia?