Highland Gold Mining Ld Share Discussion Threads

[srpactive] 03/10/2016 11:45

Loganair

Very good article, no wonder the Government is ensuring
funding is in place for the Russian gold miners.

This really is the place to be, although I have just bought into
a gas driller aswell.

dyor

regards

active

[loganair] 03/10/2016 11:40

Russia plans to stock up on about 200 tons of gold this year, nearly matching the 208 tons it purchased in 2015. That's according to Anton Navoi, the deputy head of the statistics department at the Russian Central Bank. Navoi explained that it's profitable for the state to buy the precious metal, since Russia is a world leader in its production.

Speaking at a conference on Wednesday, the official said that "last year, the Central Bank purchased 208 tons of gold. This year, it will purchase around 200 tons." Gold currently accounts for around 16 percent of the country's foreign exchange reserves, Navoi noted. And while there is no directed effort to increase the precious metal's share in Russia's reserves, it seems likely to happen, as the purchase of gold is profitable for the country.

"The Central Bank is buying gold because it is profitable. We are a country that is third in the world in terms of gold production, and we have the ability to buy it using our national currency, in contrast to other countries, which do not have such an opportunity," the banker concluded.

At the beginning of the year, the Russian Central Bank purchased 3.6 million ounces (112 tons) of gold. As of September 1, Russia's gold reserves totaled 49.1 million ounces (1,527.2 tons), valued at an estimated $64.71 billion US.

Russia has steadily built up its gold reserves over the last decade. In 2007, reserves totaled 402 tons. By 2012 they more than doubled to 883.2 tons; now, by the end of this year, the total looks set on nearly doubling again, this time to over 1,600 tons.

With analysts predicting that global gold prices will continue to rise (prices have already spiked nearly 20% since January), Chinese investors are actively looking to increase their investment in Russian gold production.

According to Rosgeo, Russia's state-owned geological exploration company, Russia may beat out Australia to become the world's second gold producer (next to China), by 2030. Producing 247 tons in 2014, Russia could produce up to 400 tons of the material in a decade and a half.

In addition to its use to produce jewelry, electronics, and aerospace equipment, gold has become an attractive investment option for the Russian and Chinese Central Banks, in part due to its high yield compared to US Treasury bonds.

[srpactive] 30/9/2016 15:13

Lets hope it has more legs like you Brucey.

[bruceylegs] 30/9/2016 15:11

Attacking 160p

[srpactive] 30/9/2016 14:40

You are more than welcome dear Sir/Madam.

[panic investor] 30/9/2016 14:23

Thx active - appreciated

[srpactive] 30/9/2016 14:02

PI

And one point everyone seems to have missed is the ceo
and another (PAF) director have been buying shares this week.
If it closes above 21p ( it is currently 21.25p ) 24p
is the next short term target.
My hgm short term target is 185p followed by 200p.

dyor

regards

active

[panic investor] 30/9/2016 13:04

yes been looking at that one.

[srpactive] 30/9/2016 13:04

Hgm and Paf, they have all the signs of being winners,
they are already as I bought in from 30p upwards and 7p
upwards respectively.
But they now have momentum, fantastic charts, growth, income
and a rising gold price.

DD

Yes around 6 -7 forward, can double and still be cheap.

dyor

regards

active

[dilbert dogbreadth] 30/9/2016 12:57

paf is cheap - south African - low pe

[panic investor] 30/9/2016 12:56

apologies, what I intended to say was PM Miners.

[uknighted] 30/9/2016 12:52

Since you ask, Kibo. Various news expected between now and 31/12. This should be good to 2bag at least.

[panic investor] 30/9/2016 12:38

Out of interest what else mining wise you guys holding ? Currently I'm in here and HOC

[srpactive] 30/9/2016 12:35

Agree, I think we will see 11.25 - 12p this year inc the due 5p obviously.

dyor

regards

active

[chipperfrd] 30/9/2016 12:24

I do not put a great deal of score on Broker's estimates but these are the latest from Numis (according to ShareScope).

2016 EPS = 20.64p, Profit = £88.66m, Div = 7.64p
2017 EPS = 35.16p, Profit = £148.28m, Div = 8.41p
2018 EPS = 38.22p, Profit = £160.51m, Div = 14.52p

Chip

[loganair] 30/9/2016 09:26

I would think HGM (gold stocks) will be one of the few winners today as....U.K. stocks are dropping Friday, by mounting fears about Deutsche Bank AG’s financial position.

[garycook] 30/9/2016 09:17

srp,Fair play.Holding as well for an dividend increase also.12p annual divi, and a £2 share price would be giving 6%.I believe it will happen.

[srpactive] 30/9/2016 09:07

Gold moving up, every day we stay around $1300 our 2016 June - Dec
figures compared to June - Dec 2105 look fantastic. We already have
July, August and September booked at $1350 approx. The next set of
results will be eyewatering and I am expecting a 6.25p dividend in
March announcement minimum, even 7p could be possible.

I continue to buy, for growth and income.

dyor

regards

active

[srpactive] 30/9/2016 07:58

Yes two consecutive closes above 150p is good.

dyor

regards

active

[11_percent] 29/9/2016 23:30

Right, keep over 150.

[srpactive] 29/9/2016 10:44

Now we have closed above 147p, my first target is 185p,
then 200p.

Dividend xd date the 6th October 2016, I continue to
buy for my growth and income portfolio's.

dyor

regards

active

[corrientes] 29/9/2016 10:35

No harm taking a profit. Took 1/3 off the table at 1.5575.

[srpactive] 29/9/2016 10:10

As the other week a little retrace before the next leg
higher, I continue to buy here, paf and lam ( oil ).

dyor

regards

active

[11023154] 28/9/2016 18:41

Was here at 30p and passed on it as couldn't be bothered to do the research into a Russian stock. Hurting now.