Highland Gold Mining Ld Share Discussion Threads

[chipperfrd] 17/2/2018 13:23

Prior to referendum the US$ was c. GB£0.70. Currently it is £0.71, so the £ has pretty much recovered totally against the US$ because of the significant drop in the US$.

Regarding the conversion of HGM EPS from the devalued US$ into Sterling terms for UK-based investors, Bonnard is right, it effectively reduces the EPS in Sterling terms and hence for the share price once one applies an appropriate PER.

We need to see Sterling fall relative to Gold and the US$ in order to get the EPS up in GB£.

Same applies to most Gold producers.
Chip

[stevedaytrader] 16/2/2018 17:17

B- take 12months from referendum date with huge pound impact- over the next 12months GBP never recovered and point to point was ~18% lower to the USD, but HGM, again point to point ~50% up on share price. GBP I still yet to recover this the pre-referendum value.

[stevedaytrader] 16/2/2018 16:17

B- weaker dollar drives gold price, u r only referring to one currency, I am referring to all currencies.

[srpactive] 16/2/2018 15:00

B

/

[bonnard] 16/2/2018 14:55

stevedt

The weaker dollar doen't help. It means when the profits get converted back to GBP for the accounts, then the profit in GBP is lower.

What we need is the price of gold to go up AND the value of the dollar to go up, but this is not happening.

If the price of gold in dollars goes up but the value of the dollar goes down then this doesn't do much for a company on the London stock exchange. It probably explains why the share price of HGM is not increasing.

[stevedaytrader] 16/2/2018 14:07

It's hard to find any reason why gold won't be higher this time next year- same with the USD being lower- I expect a few wave(s) up and down on the way to this- I didn't predict the last gold drop/hike- but then who did?! Good to see the markets in good shape also now.

[srpactive] 16/2/2018 13:47

Goldman Sachs have a price target of $1450 next year,
and these people are the best imho, dyor.

[stevedaytrader] 16/2/2018 13:34

Also, SR, I agree on this year, already Q1 is looking great with this gold price, if Kitco are right on gold and (JP Morgan are right on weaker dollar) all year, will be a bumper year for sure. Here's hoping and this HGM price is still so cheap

[stevedaytrader] 16/2/2018 13:25

Thanks SR- good news for me is the date too, eg in NEXT tax year :-).

[srpactive] 16/2/2018 13:14

5p and 5.5p last year, dyor.

Edit

This from the last operating update recently, the gold price has
been well over $1300 for a while and now at $1359, dyor.

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

-- Highland Gold produced a total of 272,274 oz of gold and gold equivalent in 2017, an increase of 4.3% from 261,159 oz in 2016.

-- Average realised gold price was 1,277 USD/oz in Q4 2017 and 1,260 USD/oz for the year.

[stevedaytrader] 16/2/2018 13:11

SR- no disagreement from me ALL, I have 2 dates 24Apr FYResults and Ex-Divi 26Apr. How much per share, I'm being too lazy to check (of course, this will excl. any "special divi" if there is one as mentioned in company news).

[srpactive] 16/2/2018 10:41

D

Yes agree, I am happy to wait and increase
for the dividend, dyor.

[dubcharlo] 16/2/2018 10:39

There was a long wait around the 70’s before it went on the march to the 140’s. Hope it’s the same again before we settle in to the 200’s

[srpactive] 16/2/2018 07:06

All

Dow moved higher by 250pts after our ftse close and
gold now $1357, hopefully hgm coxsmn can get into
the 150pplus area soon, dyor.

[coxsmn] 15/2/2018 21:18

Gold at a high of 1355 and Hgm well down.

[stevedaytrader] 15/2/2018 14:35

thanks SR and EDJGE2- fingers crossed US help move us up this pm.

[loganair] 15/2/2018 14:31

Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal. Experts project higher gold prices in the near-term.

The yellow metal was trading at $1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying its best trading day on Wednesday since June 24, 2016.

According to Fawad Razaqzada, technical analyst at City Index, gold prices have managed to hold on to crucial retracement levels despite the recent pullback. “That tells me that the buyers are in control of this market and prices are going higher,” he said.

Looking at the long-term picture, Razaqzada said gold has risen higher for three consecutive years with prices last month hitting a 1.5-year high.

[srpactive] 15/2/2018 12:48

c

Yes quite agree, dyor.

[coxsmn] 15/2/2018 12:26

Copper flying over at caml. Hgm seems stubbornly stuck in a low price range at the moment. Hopefully a strong positive break soon.

[srpactive] 15/2/2018 10:19

11%

Bought a few more at 148pish, dyor.

Edit 12.06

I thought with the dow futures up strongly at over 200pts
we would have kept positive, nevermind, fingers crossed
for later then and lets hope our US friends support hgm
again as they have the past couple of sessions, dyor.

[11_percent] 15/2/2018 09:36

edjge2,

Indeed, 140p now the base.

[srpactive] 15/2/2018 09:31

sdt

e2 has summed it up nicely, one major point to note
we made a golden cross ( 50 crossing 200dma to the upside )
the other week, massive buy indicator, dyor.

Yes I hope to see 153p also.

[edjge2] 15/2/2018 08:44

Steve basing at 140p for ages. HGM tends to miove fast when it does. See the recent chart titty so may well do again with gold rampaging and dollar index headed 80 or so. 180p arriving soon?