Highland Gold Mining Ld Share Discussion Threads

[shadyhill] 17/5/2018 19:24

You really are a tedious chap. You need to factor in Sterling weakness.
Basically neither gold or hgm has done much beyond normal trading noise during the past few months. Relax, and focus on yourself.

[casual47] 17/5/2018 18:52

Shadyhill,

You posted this about 45 days ago:

""Gold looking like hitting the 1287 target in the next 4/5 trading days. Should be a great entry point."

At the time the HGM share price was ~153p and gold was at $1325/oz.

HGM's lowest point was about 10 days later, on April 10th, 138p, when gold was at $1339/oz and would hit $1353/oz the next day (its highest point since your prediction).

Gold has been falling back but HGM is actually holding up well.

Conclusions:
1. You were right that POG would fall back to $1285/oz
2. You were wrong about the time (you said next 4/5 trading days, actually it was ~45 days later)
3. You were wrong about correlating the "great entry point" to $1285/oz. The best entry point was actually April 10th when gold was roaring ahead and a day before POG would reach its highest point since you made the prediction.

So, so much for your gold crystal ball.

[shadyhill] 17/5/2018 18:12

Steve - dollar strength is here to stay. But this does not preclude a rise in gold.

[shadyhill] 17/5/2018 18:09

1285 hit. Long gold with 10$ stop. Let’s see what happens.

[casual47] 17/5/2018 16:41

Just a couple of months after Charles Jeannes had made that statement the POG plummeted to $1050/oz

[casual47] 17/5/2018 16:36

Don't get too excited as this has become a bit of an old chestnut now....:

"Charles Jeannes, the CEO of Goldcorp, the world's largest gold miner by market capitalization, stated in September 2014 that Peak Gold would be reached in either 2014 or 2015. "Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he claimed. "There are just not that many new mines being found and developed.""

Not to mention there is a seemingly endless supply of paper gold........

[srpactive] 17/5/2018 16:29

F2

So the price rises through shortage are you thinking?

[fangorn2] 17/5/2018 16:27

Missed this from yesterday...

"All major gold deposits have been discovered, Goldcorp chairman says"


"Gold produced from mines has gone up pretty steadily for 40 years,” Telfer tells the Financial Post. “Well, either this year it starts to go down, or next year it starts to go down, or it’s already going down... We're right at peak gold here."

[srpactive] 17/5/2018 16:17

I wonder if the courts are in favour of Mr. A selling
his stake, case closes today I believe, dyor.

[srpactive] 17/5/2018 11:37

Russia's VTB Bank More than Doubled 1Q Profit

[srpactive] 16/5/2018 14:07

Something positive at Poly today, lets hope it
comes here too, dyor. I hold both.

Even a little movement at my aly, dyor.

active

[stevedaytrader] 15/5/2018 12:34

Flipping strong dollar- outlook still very good for weak dollar moving forward- fingers crossed, and gold holding well(ish), so are we- along with the general FTSE 100

[stevedaytrader] 14/5/2018 21:15

SR- he will need a lot of his money to buy a new Chelsea team lol

[srpactive] 12/5/2018 12:24

Russian billionaires' Nornickel tussle to go to trial on Monday

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

Could be a big pay day for Mr Abramovich, dyor.

active

[coxsmn] 11/5/2018 11:39

Srp, up and up will do me.

[srpactive] 11/5/2018 09:19

My 12135 post has happened this morning, now wanting it
to break higher and close near 161.2p.

dyor

active

[loganair] 09/5/2018 20:42

mw8156 - There is new production coming on line with several mines in the pipe line.

[mw8156] 09/5/2018 17:10

so there are about 18-20 years' reserves at current production but the grade has dropped a long way; nevertheless, all in cost of production is relatively cheap in the lowest quartile per ounce; would that be a fair summary by an amateur?

[stevedaytrader] 09/5/2018 16:20

MW- I'm a daytrader, but this is one of my VERY few long termers :-).

[srpactive] 09/5/2018 15:54

mw

Have a look at the 22 Feb 2018 rns for information, dyor.

active

[mw8156] 09/5/2018 15:35

as a small potential investor, what are the reserves like at the 3 main mines and does this company need to do much exploration to prove up new resource?

[srpactive] 09/5/2018 13:37

12135

Just hope my above post happens, dyor.

[stevedaytrader] 09/5/2018 09:26

Yes Coxsmn. Long term dollar is still looking weak, it will happen and some point, which will help gold. Long term still good on HGM, although we get the odd surprise, like ops cost increase for 1 quarter last year and the drop in prod for Q1- they always address very fast which is very good. They are in control too, unlike RRS etc with DRC. Expansion is good, and this is key when supply is widely expected to reduce over the years- many miners have money but can't find new places to spend it. Fingers crossed as always.

[coxsmn] 09/5/2018 08:32

assuming POG holds or increases.