Highland Gold Mining Ld Share Discussion Threads

[celeritas] 07/9/2018 09:24

At the end of the day a net cash position is where you want to be.
Debt is easily manageable here so not really a problem but I do think it would be more prudent to pay down the debt quicker and issue a smaller divi.

For me the immediate problem is the current Russian phobia and the unknown.
How will this reflect with hgm

[casual47] 07/9/2018 08:57

That's not what he said. He made a sweeping statement.

As he is posting here in HGM he should be specific, what specifically doesn't he like about the debt structuring in HGM?

If debt is being serviced (and paid down!) in line with the plan and there is cash spare not needed for capex then why not return the excess cash to shareholders?

[fangorn2] 07/9/2018 08:52

I'm sure Mattjos has actually Casual.

What he is saying is "it isn't prudent" to have a massive debt and pay a dividend - especially if said divi is debt funded!

I agree with him.

[casual47] 06/9/2018 20:59

Mattjos doesn't appear to have heard of the majority of companies, with debt and divis.

Barrick Gold pays divis and has more than 5 billion dollars of debt....

[mattjos] 06/9/2018 20:28

How can debt possibly be a good thing in a business? That is ridiculous statement.Debt and a divi usually means the divi is there to try and support the share price with a view on debt covenants.Debt means an interest coupon to pay .. a divi is also cash out the door. Clear the debt & then pay a divi.Combination of the two is a red flag afaiac

[casual47] 06/9/2018 16:56

For sure HGM has held up better than most, CEY a good case in point - down 40% on the year, as is Randgold.

The flipside of course is that when the rally comes, as it will do, I expect the most hammered shares to rally the most. I can easily see CEY gain close to 100% within the next 12 months. Assuming HGM stays stable I can't see it rally more than e.g. 30% odd, just because the 180p resistance has been held for six odd years now (and for most of the last year and a half HGM has moved broadly between the 140p-160p channel, so I expect a fundamental change is needed to move this channel up)

[stevedaytrader] 06/9/2018 15:00

GC- I agree this has happened before and with stocks in general- it, of course, has to drop at midnight/before opening but generally seems to recover. I hope this happens again, and also hope for a climb towards XD. On Russia and Novi, doesn't seem to impact share price (touch wood), and as for discounted, not sure on this one- all I see is HGM in better position than other goldies, my rationale is posted this morning on CEY forum if interested (I've some stock which I bought with the last HGM divi for a price of 130 which at the time I thought was worth a risk... little did I know!).

[garycook] 06/9/2018 14:29

jftm,And if the past XD,s are anything like previous one,s HGM,s share price rarely moves down with the XD price,in some cases have even risen.So with a bit of luck we could get the dividend for free,next week.

[justiceforthemany] 06/9/2018 14:06

Last day to buy in for 6p dividend will be next Weds.

[casual47] 06/9/2018 12:32

We all know this is hugely discounted, but that hasn't stopped the shareprice from underperforming for years. So while it is comforting to know that you are buying into an undervalued share, it is no indication of where the shareprice will go as that is a function of unpredictable and irrational parameters.

[casual47] 06/9/2018 11:04

Zangdook, happy to leave you to your alternative facts.

[zangdook] 06/9/2018 10:43

casual47
That's what you would think if you don't try to think and just swallow the propaganda. The OPCW team visited Douma in April and according to their preliminary report

"No organophosphorus nerve agents or their degradation products were detected, either in the environmental samples or in plasma samples from the alleged casualties."

They found traces of "various chlorinated organic chemicals" in soil samples, but no evidence of people having been poisoned by chlorine - and chlorine is so widely used it could have come from anything. If you still feel sceptical you can wait for the final report.

Go on believing Theresa May though, if it helps you stay calm.

[stevedaytrader] 06/9/2018 09:41

Interesting article on Bullionvault- they aren't like others eg kitco and tend to say it how it is and not hype gold... this was written BEFORE the gold price increases today (Wednesday, 9/05/2018 14:15).

"I'm not looking for the emerging-markets cycle to turn until we get close to the end of the [US] Fed's tightening cycle," says Marc Chandler, head of currency strategy at financial services firm Brown Brothers Harriman in New York.

"Emerging markets are needing to import capital for current account and budget deficits. It's hard to imagine how they're going to compete with the US for the world's savings."

Current betting on this month's Federal Reserve rates decision puts 99.8% odds on a hike, with more than half of all bets on next June's Fed meeting now expecting a further hike by mid-2019.

"People are [also] now looking beyond idiosyncratic issues [in emerging markets] and more generally at spillover and contagion," the Financial Times quotes one analyst, pointing to how last month's sell-offs in Turkey and Argentina are spreading, hitting Indonesia on Wednesday and pulling the MSCI developing-market share index down 1.4% for the day and 4.4% lower from a week ago.

Measured on a simple unweighted index against the US Dollar, the currencies of Brazil, Russia, India, China and South Africa – christened the BRICS by then-Goldman Sachs economist Jim O'Neill in 2001 – are now trading just above the multi-year lows hit as the Federal Reserve began raising its interest rate from 0% at the end of 2015.



"On balance," says the latest weekly analysis from specialists Metals Focus, "while a stronger Dollar may act as a headwind for gold, we still believe that the economic backdrop will eventually become supportive of higher gold prices.

"A notable decline in emerging markets could lead to spill over effects on industrialised markets, at a time when trade tensions are already raising concerns about global growth.

"In particular, as US GDP growth starts to slow, this should see US equities lose momentum and trigger some rotation towards gold."

High-net worth investors in Asia should be looking to increase their personal holdings of gold according to nearly two-thirds of financial advisors polled in the region by research firm Hubbis on behalf of brokerage INTL FC Stone.

Out of 174 private banks, family offices and wealth management advisers surveyed earlier this year, 62% recommend raising allocations to gold – perhaps to one-tenth or more of a portfolio – while 38% advise against it.

"Gold has sold off over the past few months as US Dollar interest rates have increased," the South China Morning Post quotes Chris Land, a senior associate in Hong Kong at financial advisory Holborn, "so there is more opportunity to buy.

"For clients who don't have an allocation of gold in their portfolios, now is time to increase that."

[coxsmn] 05/9/2018 19:44

I already had enough gold but couldn't resist a bargain so added here yesterday. There are so many quality, high yielding stocks on low valuations right now e.g hgm, caml, sse, ng. etc It's a great opportunity.

[casual47] 05/9/2018 16:54

Hard to find evidence of a chemical attack when observers aren't allowed anywhere near. That there was a chemical attack is accepted by everyone but the looniest fringes.

[zangdook] 05/9/2018 16:50

She said she was certain before. She also bombed Syria because she was certain there had been a "chemical attack" but the OPCW investigation found there was nothing at all. She didn't say anything about that.

I don't think anyone takes her seriously.

[celeritas] 05/9/2018 13:15

May just made a long speech regarding Russia, says she is now certain it came from the the Russian state.
She is going to push for new EU sanctions.

I guess the question is what will the US do.

[stevedaytrader] 05/9/2018 07:29

I for one, wouldn’t hold this stock without divi- debt is healthy in a business.

[coxsmn] 04/9/2018 19:34

https://www.investorschronicle.co.uk/shares/2018/09/04/highland-gold-ups-its-yield/

[mattjos] 04/9/2018 19:30

Why is this paying a dividend when it has $189m net debt?Just does not seem sensible to me

[coxsmn] 04/9/2018 19:03

Wood, whats the story behind the fall in Vod price?