Highland Gold Mining Ld Share Discussion Threads

[stevedaytrader] 06/2/2018 10:56

Logonair- to add, i have a lot of sympathy for people on crypto, i only put in what i could lose, social media were painting this in some placing as too good miss and not mentioning potential downside- i bought as the potential gains were huge and the fear of missing out on a quick million profit for a few 1000 investment too tempting and i would have been more angry at missing out that i will be if i lose of all- but i understand many people were suckered in.

[stevedaytrader] 06/2/2018 10:48

logonair- not necessarily. The valuations always way higher, if people had put their entire savings in then where were their entire savings in the first place? in a bank? so if they didn’t lose wouldn’t they just put it back in same bank? did people sells stocks to buy bitcoin? but surely that can’t have happened cos the stocks went up but thats what i did only for a few grand though- so i’m losing on it so where has that money gone? lots of people using credit cards etc and maybe some overdrafts which is why in the press banks are getting stressed and stopping credit cards etc etc. in short i don’t really know, all i know after 20 years of trading is stocks move on basic fundamentals with adjustment made across
the board either up or down on global conditions and rumours.

[loganair] 06/2/2018 10:09

The money being pulled out of cryptocurrencies has to go somewhere and there will be a good number of people who have invested their entire savings in the likes of bitcoin.

At the moment there seems to be a lot of pump and dumping going on as I've notice a couple of the crypto's are rising. The big boys buy early, get the PI's to invest then the big boys sell leaving the small PI's with huge losses.

[stevedaytrader] 06/2/2018 09:58

Logainair- I have some so got hit- but this doesn't mean anything. Most investors are tiny amounts, mine is very small and prepared to lose it, the chance of a fortune for a small amount was/is worth the risk for me- so it doesn't help HGM and the stockmarket- if you recall Dow all time high, FTSE all time high and yet billions in crypto! So where did all the new come from? The money invested is very small, the crazy valuations made it look like a lot- should it drop further, many will lose, many don't do traditional stocks, I've lots of friends who buy and sell on etoro instead of betting on the footie!!! So I don't expect much crypto investors to go to traditional stocks.

[loganair] 06/2/2018 09:32

Leading cryptocurrency bitcoin has lost 24 percent in the last 24 hours, plunging to $6,000 on Tuesday. Bitcoin has lost more than two-thirds of its value in less than two months.

The entire cryptocurrency market was in double-digit losses on the day. Ethereum was down almost 30 percent at $589, losing all the gains it saw this year. It peaked $1,433 less than a month ago. Ripple plunged to $0.59 from a high of $3.80 in January.

[woodhawk] 06/2/2018 09:21

Do you mean BAB or HGM?

[srpactive] 06/2/2018 09:17

W

RNS seems good?

[woodhawk] 06/2/2018 09:07

HGM, my one spot of blue today - though glad I picked up some extremely cheap BAB earlier!!

[stevedaytrader] 06/2/2018 08:47

SR- I agree, with many gold miners with money to invest, a shortfall in gold available in the future is always on the agenda, this is great news for sure

[stevedaytrader] 06/2/2018 08:39

SR- yesterday was a BAD day for a Dow big drop and stress and movements happen all weekend but nothing is done until Monday- we need bonds not to get ahead of themselves, hope the new fed chair doesn't panic etc etc etc, all fundamentals remain good across so many businesses, I see this as a correction- I hope gold stays up and get that dollar back weaker again. I hope people swap stocks into gold mining stocks even if it a "lesser of the evils" and losses don't go further and we're the first and fastest of any bounceback. Have just got an email from HGM on Kekura Feasibility! Suggest ALL READ

[srpactive] 06/2/2018 08:27

UK

I thought the rns was okay, included a couple of interesting points,
what did you think|?

=================================

Average annual gold production of 172 koz for the first eight years of operation and 46 koz for the final eight
years.

-- Total life of mine production of 1.744 Moz at an average total cash cost of US$ 511/oz and all-in sustaining
costs of US$ 541/oz.

-- Post-tax NPV@10% of US$ 311 million and IRR of 38%, excluding historical costs and based on a gold price of US$
1250/oz.

===========================

sdt

Yes mine are too, gold near to $1340 so $90 higher than
above already, and production should be a lot higher,
dyor a must.

[stevedaytrader] 06/2/2018 08:22

SR0 fingers crossed, gold doing well so I'm hoping most people switch their stocks to gold ones, lesser of the evils at the moment IMHO. Keeping everything crossed that this correction subsides fast.

[stevedaytrader] 06/2/2018 06:57

Lots of bargains to be had it's a question of timing and fine if you don't need to access the money for a while- sometimes u get lucky and sell before the drops, and buy before the risers, but if most of the time you can make a bit around this it's great. Agree on GSK etc, divis for years etc and bargain price etc etc, but when to buy is the tough call. Fingers crossed for today- I would have thought with gold price rising, gold mining stocks should be hit less or maybe could even do OK, hence I'm holding in case- for me the fear of missing the bounce back/gain is greater than the fear of losing in the short term so I hold.

[srpactive] 05/2/2018 22:36

I bought a few more last week at the same time as you,
but will be at the looking again this morning, dyor.

[woodhawk] 05/2/2018 22:29

I was tempted today, but held off. I've got my eye on a few things, poss inc BAB, GSK, PFC and HGM. See how it goes.

[srpactive] 05/2/2018 22:18

Yes I will be buying, you?

[woodhawk] 05/2/2018 21:39

Well, might be time to pick up some bargains over next day or so if the bloodbath continues, Active! Can't see this will be a lasting downtrend as fundamentally the economy is doing well and companies are beating expectations. Interest rates are still ridiculously low and can't see that changing rapidly. A lot of US commentators saying the selling was amplified by computer driven selling.

[srpactive] 05/2/2018 21:32

W

Yes agree any ftse fall in completely wrong,
it falls to levels it has not risen from,
dow overdone by 12000 just leave the UK out
of it.

[woodhawk] 05/2/2018 21:27

The FTSE 100 has given up almost all the last year's gains already! The 250 isn't doing quite so badly - but compared to the Dow it's ludicrous. There already seem to be a lot of UK stocks already at multi-year lows (5-7 years) for no real reason (GSK, BAB, SSE etc).

[srpactive] 05/2/2018 21:20

E

The ftse has not taken part in any rise in twenty years
and the dow has from 14000 to 26000, so we shall see.

W

Have you made your mind up?

[eeza] 05/2/2018 21:17

FTSE off 300+ at the moment.

[woodhawk] 05/2/2018 21:07

Going to be some bargains around that's for sure! But what to buy? Everything seems to be getting absolutely hammered completely indiscriminately.

[eeza] 05/2/2018 20:54

Dow was down 1750 at one point this evening.
Still off 1100.

Tin hats tomorrow.