Highland Gold Mining Ld Share Discussion Threads

[woodhawk] 25/4/2018 14:27

If you take off the imminent divi, price is currently less than 140p! Silly. I wonder if this will be similar to DLG recently, no rise into divi, big rise after?

[srpactive] 25/4/2018 12:34

sdt

First quarter operating results last year 27th April 2017,
so hopefully soon here for this year. dyor

[stevedaytrader] 25/4/2018 12:29

Impossible to predict- some like to buy for divi others like to sell as don’t like the capital hit

[11_percent] 25/4/2018 09:04

srp,

Cheers.......have bought a few for trading, outside. My core holding....hoping for a rise to Ex-divi date, might not happen.

[srpactive] 25/4/2018 09:00

From the rns,

The dividend will be paid on the 25th May 2018 to shareholders
on the register at the close of business on the 27th April 2018
( the record date ). The xd date will be on the 26th April 2018.



DYOR

[11_percent] 25/4/2018 08:47

Can someone remind me when this goes Ex- dividend again......cheers.

[srpactive] 24/4/2018 08:20

Morning all

Edit. HGM quarter one, operating figures 27 April 2017, last year.

Polymetal buying more Russian gold mining assets, rns earlier.

Polymetal pe 13, hgm pe 10, dyor.

Edit: From the second rns, they are buying an asset that
is undeveloped. ( I wonder if poly could be a partner for ours?)

This from our latest report.
Unkurtash - Scoping study completed and released, and discussions held with potential partners for joint project development.

Polymetal share were around 730p before the sanctions,
now back to 709p, hgm 155p before now 146p, I
hope we break back into the 150p's soon.

FT: US government lookng to ease sanctions against Rusal.

dyor

active

[11_percent] 22/4/2018 15:49

Cheers, will have a look.

[loganair] 22/4/2018 14:55

As far as I understand it is the mining of the Zinc and Lead at Novo, which brings down the all in sustaining cost of this mine by around $200 per oz to make it one of the cheapest all in sustaining cost of gold mined anywhere in the world.

[loganair] 22/4/2018 14:28

It maybe if HGM were to do this they would have to reclassify themselves as a general miner rather then just a gold miner or it may have something to do with HGM are better off taxwise or able to get cheaper financing reporting the zinc and lead as 'gold equivalent.'

Often the silver HGM mine is reported separately as Silver.

[11_percent] 22/4/2018 14:00

loganair,

Cheers, that's what I thought........but as you have posted previously, and the iii poster implies, it would be good if they just reported the zinc, lead, gold, silver, sold at the relevant price.

[loganair] 22/4/2018 13:52

11 - This is what the person on iii writes "Gold equiv" is not gold nor is it equivalent it is product which has to be sold at a steep discount to the gold market price because it needs refining to remove stuff which is not gold."

Sadly this person is incorrect because it has nothing to do with selling a product which has to be sold at a steep discount.

The HGM Novo mine was originally a Zinc/Lead mine with commercial amounts of Gold and Silver. Therefore HGM mine Zinc/Lead then remove the gold and silver from it.

Gold Equivalent is very simply if HGM sell 1 ton of Zinc for the price of 2oz of gold then in the financial reports HGM will classify this 1 ton of Zinc as 2oz of 'gold equivalent.'

[11_percent] 22/4/2018 12:58

loganair,

There is also some comments/posts on iii regarding gold and "gold equivelant", which is a subject you posted on a while back.

May be worth a look.

[11_percent] 22/4/2018 12:46

Post from iii.

Does anyone have a view on this.
------

Thu 21:40
Re: Stunned Silence
deepsleeves
Marktime

So far as I can determine company accounts are not worth the very expensive paper they are written on. The assurances of the auditors are worth even less. The only number I would possibly trust is cash at bank although the big 4 may be unable to verify even that.

Re HGM. Hold and take the dividend. Be glad net debt is [apparently] reducing.

Deep

[coxsmn] 22/4/2018 11:33

I think it is increasingly likely we will see a return to high or hyper inflation to rebalance economies and deal with the huge debt mountains. Gold is the best hedge.

[loganair] 22/4/2018 10:29

I ask myself as the various Western economies have needed 'Loose' money for the 10 years since the crash of 2008 and the last recession, did we really ever get out of the last recession.

It seems to me if the economies were truly out of the last recession then by now interests rates in the US and Europe would be more like around 4% then were they currently are.

[coxsmn] 22/4/2018 09:30

There's a mountain of debt piling up.

[loganair] 21/4/2018 18:48

ECB say the "Euro-area growth may have peaked" and the ECB haven't even started to raise interest rates yet or stopped their QE.

[casual47] 21/4/2018 14:14

I think it's just a fact of life that gold miners in Russia and central Asia are discounted to similar outfits elsewhere e.g. Africa.

There's a reason why the big gold mining beasts have pulled out of most of this region and are focusing on e.g. South America instead.

Add to that the fact that the ruling classes will not allow HGM's assets to be taken over (unless by Russian entities) then it's easy to see why the HGM share price is where it is.

The rise here should be fairly steady going forward - I don't expect a rerate that will see us doubling. Maybe at a later stage a share buyback scheme would bring better value to us.

[woodhawk] 21/4/2018 13:25

Indeed, coxsmn. I noted this from the same piece:

"Donald Trump's intervention in Syria was punishing for London-listed Russian stocks, irrespective of their connections to oligarchs and businesses targeted by US sanctions. The irony for Highland Gold Mining (HGM), whose shares fell 10 per cent following the move, is that the concurrent drop in the rouble and rise in the gold price would be bullish signals in any other circumstance."

[coxsmn] 21/4/2018 12:53

I think we could see a big re-rating here.

From this weeks IC,

"In 2017, despite capital expenditure chewing up 28 per cent of revenue, and a stronger rouble, all-in sustaining costs held at $664 an ounce. This kept a lid on debts, but fails to explain the shares' discount to book value. Peers trade for twice as much, buy on weakness"

[stevedaytrader] 20/4/2018 17:21

Yes SR, good finish esp. considering gold drop a tad- and enjoy a sunny weekend All!

[srpactive] 20/4/2018 16:36

Decent 145.8p close, hopefully bodes well
for Monday, dyor.

Have a good weekend all, active.

[srpactive] 20/4/2018 13:02

We are being held here it would appear, I wonder
how the London roadshow is going?

W

Didn't you think similar when doing your isa
move the other day?

[loganair] 20/4/2018 12:33

I am long Russia and Brazil as commodity stocks will do well in the current environment.