Highland Gold Mining Ld Share Discussion Threads

[stevedaytrader] 25/5/2018 14:45

Anyone got any rationale for a 3.1% drop so far? I'm flummoxed.

[shayadfn] 25/5/2018 11:24

I hold both and trade both

[shayadfn] 25/5/2018 11:23

Sympathy with cey

[stevedaytrader] 25/5/2018 11:22

As good as reason as any, this is an odd drop.

[shayadfn] 25/5/2018 11:19

Got my divi 16k plus

[casual47] 25/5/2018 11:01

Am waiting to pounce on RRS. It's not yet a good enough bargain for me.

Despite today's news CEY is a solid share to hold (debt-free and cash of more than $420m end of March) though management clearly dropped the ball here -- some serious questions will need to be asked at the very top.

I wonder if a few more punters moved from HGM to CEY today given today's drop in HGM.

[stevedaytrader] 25/5/2018 09:51

Agree Casual47- I got hit on RRS after the DRC announcement, resutls ace, divi ace etc but CEO reaction in my view was poor and really didn't help! I will buy some CEY with my ISA and SIPP HGM divis.

[casual47] 25/5/2018 09:33

I think the CEY reaction has been a little overdone. In fact, I sold some HGM to buy CEY today. Before today I had already resolved to use a portion of my shares to play HGM and CEY out against each other -- my original target was HGM hitting 179p, but today's CEY drop has made it compelling sooner than I thought.

But yes, even established miners can have moments like this. It's easy to be lulled into thinking all the risk is pre-commercial production but there is so much that can go wrong -- the CEY court case is probably the most extreme example: a completely ludicrous case without any merit but because of Egypt's legal system it has been a complete nightmare nevertheless. But then again, when CEY collapsed to low 30s it was a great opportunity for investors. These kind of things can make investing interesting.

[stevedaytrader] 25/5/2018 09:22

I'd go for cash too- I used to get shares on my GSK, but this was years ago when I used to just leave my portfolio more alone. Agree with others, better to take the cash and decide when to buy (unless there was a deal where you would get a nice reduction % in whatever the buy price was at the time). On another note, feel for those who have CEY this morning, I dropped mine after last divi because of the court case and bought more HGM, I'm not gloating, it's a genuine comment, we all know what it's like to take a big hit on an share price

[loganair] 25/5/2018 08:44

Not at the moment as I'm now in the time of my life where I need the cash from my dividends.

[11_percent] 25/5/2018 08:33

logan,

Are you going to go for the script divi scheme here.

Cheers.

[loganair] 25/5/2018 08:31

srp - In the past as a Retail Investor I use to build up a good holding via script dividends.

[srpactive] 25/5/2018 08:27

Asfar as I see it, it is more beneficial for the
large holders to increase as they could take up
100% of the scrips and the private investors not
so. This imho will see the larger holders holding
a larger percentage, surely they will want 100%
soon enough, dyor. I stand to be corrected as always.

[11_percent] 25/5/2018 08:23

Ok....I agree....all of my dividends go back into shares.....be it the shares that the divi came from...or an other.

However, the question still stands.....is anyone going for the dii script scheme, and why.

[loganair] 25/5/2018 07:50

11 - I my experience Dividend reinvestment into shares if often a good way to accumulate shares.

[11_percent] 25/5/2018 07:45

zangdook,

Agreed........I can not see many advantages to this scheme.......and a certain disadvantage is that you end up buying at a price you do not chose.

[zangdook] 25/5/2018 06:52

Generally nominees make it difficult if not impossible to take part in schemes like that, but I don't mind - if I want to buy more I'd sooner pick my own moment rather than take whatever price chance throws up. Someone calculated with HSBC that it was better to take the cash and buy another time rather than accept the scrip price. Whether the same applies here depends on your own timing I suppose.

[11_percent] 24/5/2018 22:16

From the AGM RNS:

8. The Directors of the Company were authorised to offer any holders of any particular class of shares in the Company the right to elect to receive further shares (whether or not of that class), credited as fully paid, instead of cash, in respect of all or part of any dividend declared within the period commencing 24 May 2018 and ending on the conclusion of the 5th (fifth) Annual General Meeting of the Company to be held following 24 May 2018; and

9. The Company's Scrip Dividend Scheme was approved.

[haughtonhoney] 24/5/2018 22:10

Can we go for this??

[11_percent] 24/5/2018 22:07

Hi guys......is anyone going for the script dividend.

[stevedaytrader] 24/5/2018 14:59

yep SR as i thought from the fed more dovish stance- now it’s moving up faster trump is not now meeting north korea

[srpactive] 24/5/2018 14:49

Back over $1300.

[loganair] 24/5/2018 14:12

General interest info:


Trump is helping both the Chinese and Russians.


The Chinese have reduced their tariffs on imported cars from 25% to 15% which has been haled as a success by Trump however China imports over three times as many cars from Europe as it does from the USA.

Sanctions against certain Russian oligarchs and their companies mean that these oligarchs are having to reduce their holdings in companies to below 50% which is positive news for these Russian companies.



A metals futures contract denominated in Chinese currency may soon be launched at the London Metal Exchange (LME), according to the exchange chief executive, Matthew Chamberlain.

“We believe with the increasing number of Chinese trading in our market, there would be more Chinese companies wishing to join the LME.”

Chamberlain is reportedly confident that yuan-backed futures contracts are destined for success, as the Chinese currency is becoming more and more used in global finance.

[srpactive] 24/5/2018 08:30

The Annual General Meeting of the Company will be held on Thursday, 24 May 2018 at 26 New Street, St Helier, Jersey JE2 3RA at 11.00 am.

All those lucky people now organising themselves on the beautiful Island of
Jersey on such a wonderful day, the Island is a jewel, lets hope the agm
throws a few gems up for us, dyor.

[stevedaytrader] 24/5/2018 08:10

At last a slightly dovish fed- dollar should finally start getting weaker, fingers crossed for gold increase and hgm being assisted- from this start point could be good- here’s hoping.