Hochschild Mining Share Discussion Threads

[dt1010] 29/11/2016 11:07

Wants to go up..it can't get it up though..

[obbig60] 29/11/2016 10:21

I don't know what that is a chart of SG, but it's not the current HOC price!

[saturdaygirl] 28/11/2016 21:39

MACD still diverging , stochs at bottom

She`s still a sell


free stock charts from uk.advfn.com

[dt1010] 28/11/2016 21:13

Seeking alpha is 100% gold bearish, every single article.

Time for a bounce then.

[chillwill] 28/11/2016 20:47

Bought some gold on the basis that $1175 was the 61.8% fib retrace of the first wave up, and has bounced a little. Keep accumulating as the price drops.

[dt1010] 28/11/2016 17:28

Already did, my traders, last week Charles...

[chrismisson555] 28/11/2016 17:18

What do you guys think a out tahoe resources. Their share price seems quite subdued compared to hoc,fres etc even though a large producer and good dividends¿

[charles clore] 28/11/2016 16:43

This week will be the time to buy imho

[crosseyed] 28/11/2016 16:28

Further to Chip's posted article on Silver fundamentals (post 8572), I have made a few comparisons from my Excel worksheet of 2016 estimated production, revenues, and costs v 2015 actuals.

2016 est 2015 act Change $k $k %Revenues on total sales 705,634 469,146 +50%Gross profit on total sales 243,852 103,455 +136%Proportion of sales to HOC * 84% 80%Revenues on net sales to HOC 592,733 375,136 +57%Gross profit on net sales 204,836 82,764 +147%


* 49% of St Jose production is due to McEwan Mining

Note how Inmaculada has increased the proportion of production in HOC's favour even though production from St Jose has also increased.
Those are big improvements with gross profit ratcheting up. I wonder if market analysts have noticed.

I have also been monitoring hedging effects (included in those figures). I'm expecting a loss on hedge contracts of about $19,021k for 2016 v a gain of $18,962k for 2015. To put those figures in perspective, the 2015 gain represented 4% of revenues, whereas the 2016 loss represents an estimated 2.5% of revenues. The hedge volumes (estimated sales volumes) for 2016 were Ag: 9000 Toz (12,166 Toz) and Au: 115 Toz (294 Toz).Overall (over the last three years) HOC has gained from those hedges by about $14.5 million and particularly in 2014/15 when cash flows were stretched.

c

[goldenshare888] 28/11/2016 15:48

I predict:

A DAMASCENE CONVERSION 2017

:)

[onedayrodders] 28/11/2016 14:49

Nymex now 13 points down from it's session high.

Hoc not impacted though.

[onedayrodders] 28/11/2016 13:28

Already 3-4 points down from Nymex open ..expecting more

[chipperfrd] 28/11/2016 12:48

H,

I am estimating that a MINIMUM of 35,500 (100 oz) gold contracts have to be cancelled per day and that 13,500 (5,000 oz) silver contracts have to go - so we will see how the COMEX goes today.
Chip

[hectorp] 28/11/2016 12:31

Long dollar yen players must have taken massive losses overnight, down from around 114 , to 111.3 ( its recovered 50% so far) perhaps this is the end of the strong dollar yen rally..

[hectorp] 28/11/2016 12:21

Thanks for that data, chip. Will hold off until middle of Wednesday before making any new decisions in the PM / Hoc /FR /CEy arena .

Noting a very good jump overnight for silver, but its being clawed back in London time, just as early rise in HOC has been pared back too.

H

[goldenshare888] 28/11/2016 11:42

Thank you, noted.

[onedayrodders] 28/11/2016 10:59

Currently very tightly correlating with movements in the POS

goldenshare .. you don't need advice from me but if I was thinking of a top up I would wait for the first hour of trading on the Nymex window as I have noted more often than not after any positive sessions they take it down.

Wont always be the case of course.

[goldenshare888] 28/11/2016 10:51

Thinking about another nibble here.....

[goldenshare888] 28/11/2016 08:24

The re-rate/ bull run resumption will be fast and furious.

Has it already begun?

:))

[crosseyed] 27/11/2016 14:18

chip,

Very encouraging article re silver miners though a pity they are behind with HOC.
HOC's Q3 Ag production QoQ was up by 9%, and their Ag revenues by 11%.

c

[dt1010] 27/11/2016 08:07

I am not buying any more until I think gold has made a bottom. Which I hope it already has!

[lauders] 27/11/2016 02:34

Thank you Chip! Shame all the stats for HOC were not available to complete the table! Still like HOC a lot despite feeling a bit of pain on some of my higher top-ups! I may yet top-up again if we reach the high 100's! Time will tell.