Highland Gold Mining Ld Share Discussion Threads

[alamaison5] 30/7/2018 15:50

OPHR: Same scenario.

[alamaison5] 30/7/2018 15:49

Big number now. 10,000 and 15,000 O trade coming in. Shorter closing?

[alamaison5] 30/7/2018 15:38

No seller: Chart this one...



Type: HNR.L on top left corner

[stevedaytrader] 30/7/2018 15:35

Yes, it must have a big seller, then the drop starts, autos follow- shares bought up, I reckon end of day will be just above 130, gold up too and weaker dollar has stayed a bit weaker despite US opening. Fingers crossed.

[alamaison5] 30/7/2018 15:35

Had to pay 128p. Couldn't buy cheaper. £50 worth, lol.
Got 1557 in the end...

[justiceforthemany] 30/7/2018 15:30

Can't get a quote to buy! Meanwhile gold price rising.

[montyhedge] 30/7/2018 15:15

Over 2.5 million traded, someone feeding the buyers. The old saying feed the ducks when there quacking and buyers certainly quacking, lol.

[justiceforthemany] 30/7/2018 15:05

Top 10 largest trades also all showing as buys on HL. Bizarre.

[stevedaytrader] 30/7/2018 14:52

Could be, but why aren't all miners impacted? Also, shares sold don't seem to add up- all very odd, but thanks for the thought- it's the only reason anyones comes up with! Golds up a tad, dollar a bit weaker, ftse now up- I reckon you summed it up best- WTF. The last time this happened a few of us on the forum spent days trying to find out why and it remained a complete mystery.

[montyhedge] 30/7/2018 14:51

Do you think Vanguard would hold this, doubt it.

[breaktwister] 30/7/2018 14:47

I wonder if this was part of the Vanguard fund that was selling off miners? Will have to check although its not a priority for me now after the fact.

[breaktwister] 30/7/2018 14:45

Not often you see a share drop so much with absolutely no change in fundamentals or market sentiment as evidenced by the price action of other miners. Quite simply WTF.

[casual47] 30/7/2018 14:44

The divi should certainly more than offset the short term penny pinching that is going on, for me at least.

[stevedaytrader] 30/7/2018 14:39

This drop is not linked to normal conditions, but as I've said many a time, of all the goldies, this one is the one that NEVER gives reasons for the big drops which get occasionally- other eg CEY, RRS do... it's always a gamble this one, but the divi in a couple months softens things, and a fantastically low PE and one of the few miners with growth and low cost futures eg Kekura- will keep this as my long termer... :-). PS would buy more, but am fully allocated for today alas.

[sclper] 30/7/2018 14:35

I've nearly doubled my position here today. I'm confident the share price will recover.

[edjge2] 30/7/2018 14:32

Garyc was on a limit for an aussie cannabis but this is a crazy price that may go crazier so my adder did its job. Short of funds now.

[casual47] 30/7/2018 14:30

In reality it's only oversold when the market turns and the market is not showing any signs of doing so.

The market is irrational, this isn't science, so it becomes a question of belief, or to put it another way: bear vs bull.

There are some indications that gold miners are disproportionately affected (e.g. HUI vs pog) and in that sense "oversold", but the bears are still firmly in charge.

I have been buying HGM but clearly it's proven to be a falling knife.

I'm a believer in a reversal of the current trend. September should tell us whether we're just in deepest gold silly season or we really are looking at gold moving towards $1000/oz...

[garycook] 30/7/2018 14:21

c47,Time to buy some then.

[casual47] 30/7/2018 14:19

It's been oversold all the way from 140p down...

[garycook] 30/7/2018 14:17

Topped up here.Great buying opportunity at this level.Now oversold

[11_percent] 30/7/2018 14:17

casual,

OK...but, we have 1,414,404 buys and 805,533 sells......none of this makes any sense.

[montyhedge] 30/7/2018 14:15

Shareprices talk and this shouting something not right.

[coxsmn] 30/7/2018 14:10

Agreed, likely a forced seller. Results last week were good and negligible change in the gold price today.

[casual47] 30/7/2018 14:00

Very unusual for it to move so much in one day. Perhaps there was a distressed seller (obviously needed to have a large holding to move the dial like that).

Today seems a repeat of what happened second week of June this year. About same volume being shifted and similar chart movement.

[chrismisson555] 30/7/2018 13:40

A lot of other shares are closing in on their 2017 low, this has just passed it so following the general trend