Highland Gold Mining Ld Share Discussion Threads

[woodhawk] 01/3/2018 13:42

Yup, some real bargains out there! I reckon my average divi now over 6% on recent purchases. DLG, fantastic results a couple of days ago - now yielding circa 9% at current silly price.

[coxsmn] 01/3/2018 12:31

FTSE100 has fallen 9.2% since Jan 12th.

[casual47] 01/3/2018 12:01

Happy to let others jump in as I think we have a fundamentally and irreconcilably different take on things, so no point in engaging further.

All the best & good luck with basing your investment decisions on chart movements from more than three years ago.

[the ship will go down] 01/3/2018 11:56

How come you didn't notice I typed in the wrong year initially. Is it because you don't care that HGM has just posted a seven week drop in it's sp, and so you couldn't be bothered to check the accuracy of the chart correlation I was referring to?

IE. - September 2014. Go on take a look, don't be frightened.

[casual47] 01/3/2018 11:43

No.

Next question?

[the ship will go down] 01/3/2018 11:38

After September 2014 (my apologies for getting you all excited), the share price fell close to 70%.

Is that about to happen again? This rally is VERY long in the tooth..

[srpactive] 01/3/2018 11:37

Talking about charts and 2015, the last time
hgm formed a golden cross was 2015, we formed
a golden cross the other month, just an observation
dyor everyone.

[casual47] 01/3/2018 11:21

So what?

What tells you more about HGM and possible near-future movements:

1. Current chart shows similarity to chart movements in 2015, prior to a spectacular rerate

or

2. For nearly all of the last year the shareprice has had very strong bottom support around 140p, with several peaks at 160/180p.

[the ship will go down] 01/3/2018 11:15

Is it??

Fat load of nonsense some people write here.

In reality, HGM has seen (so far) seven down weeks in a row!!

When did that last happen?

That's right - September 2014.

[casual47] 01/3/2018 10:58

Bit strange to go back to September 2015 to make any chartist observations...especially as that was shortly before the share rerated so obviously the chart is weak compared to the steep rerate from Jan 2016 to Jan 2017.

Makes more sense to look last 12 months and if you do then the only conclusion is that the chart has had remarkebly strong support at 140p for nearly a year now.

In other news, lots of gold miners having a bit of a mini sell-off today. HGM holding up pretty well.

[the ship will go down] 01/3/2018 10:51

Chart is at it's weakest since September 2014.

[srpactive] 01/3/2018 09:45

L

As I have mentioned Mr M. El-Erian is a very clever gentleman.

[casual47] 01/3/2018 09:44

L -

It's not just central banks that will have limited leeway to cut: A lot of household budgets already have / will have little or no room for further squeezing. I can't see e.g. retailers having that much more to pinch away to respond to a further fall in consumer expenditure. Anecdotally it seems to me that the weakness has become structural and may take at least a generation to recover in that e.g. the Millenial generation seem to have lots of headwinds (from jobs that are not stable and aren't all that great in terms of the experience they are gaining, to scary pension prospects, to housing insecurity, etc)

[loganair] 01/3/2018 09:32

Ex US Treasury Secretary, Lawrence Summers says the next recession will be longer than usual because the Central Banks will not have the 5% they usually have to cut interest rates by,looking ahead could bode well for the gold miners.

[11_percent] 28/2/2018 18:52

Well......this is going to get interesting.....

[finkwot] 28/2/2018 13:32

Odd stutters in the trading today. Nothing showing up between 12.31 and 12.48, or between 12.56 and 13.28 (apart from the odd thing on NEX). A big flurry between 12.48 and 12.56.

[srpactive] 28/2/2018 12:01

W and HF

Looks like your buys were well timed,

and HF of course I am genuine, but sometimes
I get it right sometimes wrong, you seem to trying
to make me out to be some sort of Russian bond villain.

Edit

We have a few single share trades yesterday and today.

dyor

[casual47] 28/2/2018 11:48

Loganair -- my point is that there is scope for a boom in Russian economy. Russian economy can be growing but still underperforming, which it is, along with a host of other countries.

E.g. re. foreign investment: meant Western investment into Russia, which has plenty of scope to boom.

Re. Growth - Russia is a long way away from where it could/ ought to be in terms of GDP growth. ()

[uen_investor2] 28/2/2018 11:39

Serabi does look crazy cheap (SRB)

Buys coming in strongly. 1 MM left of offer... Stock limits are crazy low now.

-Net assets $64million and most of that made up of plant equipment.
-Strong gold production.
-Big increase in cash pile last results
-Turn to profit
-No value added for the gold rise
-Big scope for growth, new drilling to lead to 100k a year production

[loganair] 28/2/2018 11:36

casual - The Russian finance ministry say they are working on the premise that the Sanctions will remain indefinitely.

The Russian economy is growing, there debt to GDP is one of the lowest in the world and there FX reserves have risen from $390bln to $450bln is the past year and expect them to reach $480bln by the end of this year. At this rate, by the end of next year Russia's FX reserves will be the highest they've ever been.

Much of Russia's unskilled labour force comes from other CIS states and their pay is very, very low and Russia is getting plenty of foreign investment, just look at Sberbank which is now the richest bank in the world with more than 127 million retail customers in Russia and 10 million abroad, as well as 1.1 million corporate clients in 22 countries.

[srpactive] 28/2/2018 11:33

All

If anyone wishes to filter me please do.

[srpactive] 28/2/2018 11:32

c and l

Thank you, so what do you think at the moment with
the currency rates regarding hgm's profits?

[stevedaytrader] 28/2/2018 11:31

Harrison- apologies for not editing one post :-):-):-) I post regularly with rationale. Please can you make some contributions to the site backed up with rationale too, all info is useful, but only with rationale. For now, all that is happening is the regular strong dollar and it's subsequent linked actions, all golds are struggling- ace divi soon. I've posted several times why this is a great long termer, and see no reason to change. It is indeed an ace shorter, but isn't always easy to know when to do this- sometimes win, sometimes lose, but if you hold a stack the divi gives an ace income.

[loganair] 28/2/2018 11:29

srp - 80% of all gold mined in Russia is bought by the Russian Central Bank at the full Rouble price in Roubles.

The Dollar price of gold has nothing to do with anything really.

HGM report their profits in Dollars, therefore the Rouble/Dollar exchange rate is more important then the price of gold in Dollars and pay their Dividends to us in Sterling and therefore the Sterling/Rouble exchange rate is important when it comes to the payments of dividends.

A quick note - HGM has one of the lowest All-In Sustaining costs when it comes to the mining of gold.

[casual47] 28/2/2018 11:29

The Russian economy will take a long way to recovery, which should keep labour etc costs down.

Longer term, when Russian economy recovers and/or it politically comes "back to the fold" and sanctions against it are lifted then this should provide a good uplift for all Russian assets as foreign investment will flow in.

So investing in HGM is investing in:
1. a multi-asset producing gold miner with resource increase upside (and of course gold price upside)
2. a dividend paying share
3. a longer term Russian economy play