Highland Gold Mining Ld Share Discussion Threads

[loganair] 22/2/2018 11:43

Highland Gold is a resource company, and therefore a political company, before any thing happens when it comes to the ownership must get the nod from Putin.

If the company was for example a supermarket such as Lenta then decisions about the company would run more to the norm of other countries.

[srpactive] 22/2/2018 10:54

SDT

Consolidation I would have thought within countries,
large companies getting larger, dyor.

[stevedaytrader] 22/2/2018 10:10

Montyhedge- agree. SR agree as continue to hold, but have shorted in the past, and I can't help but monitor and don't like it when price is low even though I don't want to sell for a while, human nature. SR- I was involved in a "sale" from a VC to another VC, not in gold admittedly, so now am able to trade, but not sure on how one would buy a Russian company, big risk I would have thought (control etc) unless Russian already. Roman could buy but it's small change to him, the EBITDA is great, so would have thought a great place to put money, even if small- so when you mention consolidation- from where? HGM long term are great long term bet.
C- the news article is surely good news, or am I missing something here? All, any comments and rationale behind comments welcome.

[celeritas] 22/2/2018 09:55

HIGHLIGHTS



Highland Gold's Ore Reserves (proven and probable) increased by 56% to 5.1Moz of gold and gold equivalent from 3.3 Moz on 31 December 2016* following updated estimates for each of the Company's producing assets and its main development project, Kekura.
Mineral Resources (measured, indicated and inferred) increased by 6.6% to 17.2 Moz of gold and gold equivalent as compared to 16.1 Moz on 31 December 2016*.
The average grade in Ore Reserves was lowered to 3.3 g/t as compared to 8.0 g/t on 31 December 2016, reflecting lower cut-off grades and increased ore tonnage at Novo and Belaya Gora, plus the addition of Blagodatnoye.
Updated resource estimates published last year for MNV, reflecting extensive near-mine exploration, and Novo, reflecting a reduced cut-off grade, added more than 800k oz of gold and gold equivalent to overall Ore Reserves.
A resource update included in the pre-feasibility study for a combined Belaya Gora and Blagodatnoye operation more than tripled gold reserves to 932k oz versus previously reported figures for Belaya Gora alone, reflecting both the addition of Blagodatnoye and a 60% increase in Belaya Gora ore.
A resource update for Kekura, published together with a definitive feasibility study for the project, featured an 18% increase in gold reserves to 2.0 Moz.

[srpactive] 22/2/2018 08:59

m

I try to base investments more on the long term,
gold production rising here especially in a couple
of years and Goldman Sachs expecting gold to hit
$1450 next year, miners shares should see support
not the opposite, we shall see, dyor.

Edit 9.20

With Glencore and now today Anglo American slashing
debt levels ( well below targets ) and paying good dividends
it is only a matter of time surely until the consolidation starts
and Russia is surely a target, dyor.

[montyhedge] 22/2/2018 08:42

It's not rocket science, strong dollar, weak gold price, lower gold shares. The dollar getting stronger again.

[steve73] 22/2/2018 02:53

loganair 21 Feb '18 - 12:41 - 11201 of 11204

How does one stop the manipulation of the gold price, then in my opinion the gold price will move substantially higher.

>>>>>>>>>>>>>..

If a few more longs were to request (or convert) their gold to a physical holding the price would quickly rise..... IMO.

[chipperfrd] 21/2/2018 12:52

Net short gold position by the banks on 13th feb was 605.1 tonnes. Given the drop of gold since then I think I can reliably predict that their net short position yesterday will have risen considerably due to their dumping of sell contracts in order to push the price lower.

The COT report up to 20th (yesterday) is not available until Friday night so I obviously cannot confirm that until it becomes available.

Given the current level of gold registered for delivery in the COMEX (12.5t) we can see that the banks net short position is 48.3x the (supposedly) available gold.

The total open interest in gold on the COMEX is 1,592 tonnes (ie 127.1x gold available for delivery). This is what paper derivatives are all about - paper!, yet they set the price on the world market.
Chip

[srpactive] 21/2/2018 12:46

L

Pricing gold in a different currency?

[11_percent] 21/2/2018 12:45

The concentrated short positions of just 4 banks effectively controls the price which the world uses to value gold !!##

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

chipperfrd,

You talk about 4 banks. Are these Central Banks, or others.

Can you name the 4 banks.

Cheers.

[loganair] 21/2/2018 12:41

How does one stop the manipulation of the gold price, then in my opinion the gold price will move substantially higher.

[srpactive] 21/2/2018 12:33

C

You are most welcome, people would pay good money for good
information. What would it take for the price of gold to
move higher, especially when GS reckons it will be $1450
next year? TIA

[chipperfrd] 21/2/2018 12:19

Cheers Active!

re your comment about the Gold price: I have also kept a running sheet on the weekly movements of the paper COMEX market since 2011 via the published COT reports.

It is pretty clear from all that data just how highly correlated the net short commercial (ie banks) positions are to the trend of the paper gold price.

The concentrated short positions of just 4 banks effectively controls the price which the world uses to value gold !!##

A fairly recent innovation to this existing scam is the ever-increasing use of EFPs (Exchange of Futures for Physical) private agreements which switch physical demands by holders of expired long contracts on the COMEX (which has clearly no way of delivering on their contracts) over to London (the opaque LBMA) ostensibly for delivery through forwards or via ETF shares - well good luck with that!!

Apparently some 660 tonnes of gold futures contracts were switched to London over 2017.

It really is beyond the pale!
Chip

[loganair] 21/2/2018 12:03

In 1981 Regan ordered an audit of the gold holdings of the US Treasury and found that it had No Gold.

It is important to remember that the US Fed is a Private Bank, is not owned by the US Government. The US claims to hold 8133.5 tonnes of physical gold in its official reserves. 58% is reportedly held in Fort Knox, Kentucky, 20% at West Point in New York State, 16% is said to be at the US Mint in Denver, Colorado and 5% is held at the NY Fed.

So how much of the c. 8,134 tonnes of gold does the Fed still hold and of what quality, purity is this gold?

[srpactive] 21/2/2018 11:58

L and C

Very good informative posts, well done indeed. Thank you.

So you can see why the US want the gold price
to hold and not rally.

Although I feel it will soon enough, dyor.

My nickname is Sensibly Re-positioning my Pension actively.

So just call me active.

[chipperfrd] 21/2/2018 11:41

loganair,

A few years back I waded through all the USGS yearbooks from 1950 onwards and built a spreadsheet on all the gold flows from mining, imports and exports of the USA plus their internal recorded consumption.

I ended up with the accumulated deficits (to the best of my knowledge) which indicated that their published holdings of c. 8,134 tonnes (relatively constant since 1979) looked increasingly unlikely.

Along the way I noticed some highly dubious figures which had been officially published where total imported low-grade concentrate (ie including a large percentage of waste) had been booked as pure bullion tonnes.

The quality of the information looked excellent in the early years but declined considerably in the last couple of decades.

Based on all that work I cannot consider their official holdings credible.
Chip

[loganair] 21/2/2018 10:43

And especially for SRP:


The Central Bank of Russia (CBR) added 300,000 ounces (9.3 tons) of gold to its reserves in December, bringing the total yearly holdings to a record 1,838.211 tons, worth over $76 billion in monetary terms.

Acquisitions of the precious metal by Russia reached a record 223 tons last year, accounting for 17.7 percent of overall Russian reserves.

In the past 10 years alone, the country has mined more than 2,000 tons of gold, with annual production expected to rise to 400 tons by 2030.


Indeed if some estimates of the real Chinese gold holding are to be believed, China and Russia between them may well already hold as much, or even more, gold than the USA – and recently the tenor of U.S. reserves has been called into question with the suspicion that much of its holding is not of sufficient purity to be readily exchangeable and/or have been subject to gold swaps or loans. Hence the drive within the USA to have the gold reserves properly audited – a drive which has been resisted strongly by both Congress and the Fed – perhaps not surprising if there is any truth in the suspicions.

[loganair] 21/2/2018 10:14

Would it not be better for us to write about the price of gold in both sterling and roubles which to me seems far more pertinent to whats going on when it comes to HGM rather than the US dollars.

[stevedaytrader] 21/2/2018 08:50

Rationale- "The FOMC minutes from the 30-31 January meeting should provide additional color on what we perceived to be a marginally hawkish post-meeting statement (January FOMC Recap, Policy Watch, 31 January 2018).
In particular, the minutes are likely to provide added context on the addition of the word “further”; in two key sentences of the forward guidance paragraph of the statement. Moreover, the minutes may provide a rationale for other language changes, including an upgrade to the FOMC’s near-term inflation outlook.
The minutes will not, however, be timely enough to provide a view on the Committee’s reaction to recent financial market developments. Thus far, most FOMC participants who have commented publically on financial markets have indicated that the turbulence from the past few weeks has not fundamentally reshaped their medium-term outlook.
The combination of market unrest, a strong core CPI print for January and the recently-passed budget agreement to boost federal spending appears to be engendering more interest than usual in Chair Powell’s first public remarks on 28 February before Congress (10am EST). In that sense, the January minutes may contain less information than usual given recent developments. We continue to expect a rate hike at the upcoming 20-21 March meeting, followed by three additional hikes in 2018 (Jun, September and December) and two hikes in 2019 (March and September)."

[stevedaytrader] 21/2/2018 08:42

Usual pre-FED minute stuff, fingers crossed for slower, delayed, less and even "dovish" appear ref: interest rates.

[stevedaytrader] 21/2/2018 08:36

Strong dollar continues, gold continues to drop this week, all gold suffering.

[srpactive] 20/2/2018 07:29

L

Thank you good post, interesting information.

A little news today which might help the sale of Mr. A's
stake in Nornickel.

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The Times: Oleg Deripaska, the billionaire industrialist who famously entertained George Osborne, the former chancellor, and Lord Mandelson on his super-yacht, is to step down as president of the aluminium giant Rusal and the power company En+.

[loganair] 19/2/2018 21:28

Chinese gold production is dropping – the latest figure from the China Gold Association suggests a fall to 426.14 tonnes in 2017 (down just over 6%) – while gold output in Russia grew sharply in 2017, also by just over 6%, to 306.9 tonnes. Russia has been vying with Australia as the world’s No. 2 gold miner with the latter holding a small advantage, at least up until last year. However the latest Russian figure probably puts it ahead, with further production growth planned. It may yet take some time for Russia to overtake China as the world’s top gold miner, but that does appear to be the Russian national aim as China’s gold production falls and Russia’s continues upwards.

There is little doubt that Russia, under President Putin’s guidance, is a believer in gold as having an important role to play in any future global financial re-alignment.

[srpactive] 17/2/2018 16:36

Looks like Mr Abromovich is looking to sell his
5% stake in Nornickel for £1.5bn, dyor.
Very interesting indeed.

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