Member Info for Winstonwolf

So the dividend reduces to 3.5% instead of 4.6%. If that keeps the mine open i don't think anyone would complain.

It's only good news if the current president and prime minister are powerless to move unilaterally.

If they have to receive approval from congress to make any major changes to the current order of things, then fine, but if they can just say "we're closing these mines for environmental issues" and congress can't stop them, they HOC have a problem.

I do think its just a way of squeezing the miners for more contributions to government funding. Scare them ****less with closures, then a $25m pay off doesnt seem so bad, if you see what i'm getting at.

It's their congress which passes most of the important legislation and that is split actually with a right wing majority.

The prime minister is a women, the president is a man.

And in the coming bull run for silver, HOC will make so much money that these "environmental" taxes will be shortly forgotten.

So it's likely that the PM doesn't know what she is talking about and has made a rash statement regarding closure. Remember this is an incredibly incompetent government that is in the process of potentially being ousted through the impeachment process that Peru has available.

Last week, Vásquez announced in Ayacucho that plans will be made to close four mining units in the region. In addition, it had indicated that there would be no exploration or exploitation expansions. Last night, the Deputy Minister of Mines, Jorge Chávez Cresta, denied the premier and assured that mining companies can request the extension of their closure plans, if they consider it pertinent.

Because the miners are fearful for their jobs. They are already protesting.

It's good news that they are meeting with the PM now, as it will likely be the case that they donate 5% of profits to help maintain the environment. Either way HOC won't shut down most of its operations the SP will likely skyrocket back up.

Seems like you want that to be the case.

They won't close the mine.

The outrage from this has been palpable already. This to me suggests the PM has miscalculated the public opinion on this and will probably reverse course quite significantly soon, with a deal.

Castillo had to walk back alot of his initial ideas because the response was so bad.

I bought in. It wont be reportable though. haha

Centamin's previous troubles will not concern investors when gold retakes $2,000/oz and the part of the mine that had closed is reopened.

Me too. Sometimes its better to sit on your hands.

Harry Dent is just wrong. Nothing tells us it will go down to $1000.

mine*

https://www.tradingview.com/x/nXMbPsu7/

In a strong gold environment and the reopening of the mind to come and suprise investors, i think a strong rally is on the cards in 2021. Strong buy at this level. See the above image showing how strong the support is here.

https://www.tradingview.com/x/xhCa1YvB/

IMO this is a good buy area. The share price has been obliterated on the news of a shortfall in output due to short term closure, however with elevated gold prices and a low AISC the profitability will soon return once the problems are sorted. Strong buy around the 100 area.

https://www.tradingview.com/chart/CEY/wNgsnFOX-Centamin-Breakout-of-Cup-and-Handle-Technical-Pattern/

https://www.tradingview.com/x/4LvCQQoD/

Anything can happen, but if Fres can stay above the downward trendline it will likely hover around this area for a while and retest the downward resistance line (red). Then it could head up higher to 1050 hitting the next fibonacci retracement level before hitting resistance. Corresponds nicely with major support found in December 2016.