Highland Gold Mining Ld Share Discussion Threads

[loganair] 26/11/2018 17:57

I'm glad I invested in HGM rather then Cryptocurrencies. At their height at the beginning of the year the top 19 coins had a value of £1bln or more, 3 months ago 13 had a value of £1bln or more, today this number has fallen to 10 and could very easily be down to just 7 by the end of the year with Crypto's down another 5% today and just down to 3 by early next year.

This evening the number of Crypto's that are valued at above £1bln has just fallen to 9. And if they continue to fall at a similar rate then this number could easily fall to 8 in the next couple of days.

If any poster is thinking about investing in another gold minig stock for dividend income then I would suggest taking a close look at Trans Siberian Gold (TSG).

[cl1nt1] 24/11/2018 10:42

You may be right casual but it appears to have identified the best miners in the correct order. Well i hope so as I own the top 4.

[casual47] 23/11/2018 22:53

Yes, that's the article. As I said over on the CEY BB:

It's a ridiculous table. The guy who wrote this is clueless.

E.g. They deducted a point from Centamin because they don't have "falling gearing"......er....maybe that's because they don't have debt and sit on 300m cash?

They also didn't issue new shares to raise funds, yet he deducted a point for CEY there also.

[bo doodak] 23/11/2018 20:10

BP's Clair Ridge is another excellent example of the impact of technological advancement on oil flows. An unviable field became viable.

[casual47] 23/11/2018 18:34

There are plenty un-economical gold mines that can be revived should the gold price return to higher levels.

Peak gold just means we have reached a point of maximum efficiency within the current set of parameters.

If any of the parameters, such as gold price, or technology, improve then what is now peak gold will be a distant memory.

Compare what happened with fracking - it completely changed the paradigm.

[loganair] 23/11/2018 18:11

Russia is continuing to add strongly to its gold reserves with its central bank announcing it bought another 28 tonnes of gold for its reserves in October. That brings the year to date total to around 227 tonnes – already substantially more than it has bought in the previous calendar year with a couple of months to go!.

Other central banks have also been increasing their gold reserves on a fairly regular basis this year. These include Kazakhstan, India, Mongolia, Kuwait, Qatar and Turkey.

All this is adding to overall gold demand at a time when newly mined production is plateauing, or perhaps even turning downwards (peak gold). Once the anticipated decline sets in it is likely to accelerate as exploration for gold has sharply diminished over the past three years or so as mining companies have mostly been cutting costs. Major capital projects are also few and far between as banks have been loath to lend on mulyi billion dollar projects any more.

[bo doodak] 23/11/2018 17:01

Cheers Casual, I thought it should be there, with the share price having moved a long way in a short time. Its been enjoying a genuine re-rating of late and it should be a sustainable div payer like HGM, and help, hopefully, to underpin the share price

I'm not a chartist by any stretch, but the very long term HGM chart seems to offer the possibility of a large V, U double bottom playing out, which in some ways is similar to AAZ.

[casual47] 23/11/2018 16:20

Bo, yes, it was one of their nuggets. I can't quite recall what they had to say about it, but they were recommending it.

Though, looking at the chart, my point re. a lot of the cream being off the top already seems to ring true there.

[bo doodak] 23/11/2018 16:02

Casual,

Out of interest, do IC have any comments on AAZ, with it having had such a good run of late?

[casual47] 23/11/2018 15:48

Lots of miners getting hammered this afternoon. HGM, as usual, is 100% solid.

A solid, steady share, with high divi yield.

For the most part this share has been gently bobbing along 130-160p for about two years now. It's a pretty unusual tight range for a miner, really.

This is basically behaving like an income stock.

[coxsmn] 23/11/2018 12:35

Article highlights hgm 8% dividend yield and low p/e.

[casual47] 23/11/2018 09:30

Article on "gold nuggets on aim", HGM being one of them.



This is all very positive for HGM, but I can't help but think that the mere fact that HGM is seen by analysts like this one as a top performer and top pick, albeit at "Russian discount", is in itself a sign that for the time being there is probably little upside in terms of recovery from the sector wide slump we have seen this year. I.e. any further upside is likely to come from any company news not already baked in.

In comparison, CEY in this article is given a rather dismissive scoring which belies the real recovery story both in terms of shareprice and operations.

[loganair] 20/11/2018 16:19

Stock markets have had a great run in recent years, but with cash now offering positive inflation-adjusted returns, it may be wise for investors to dial back on risk, according to investment bank Goldman Sachs.

“Mixed-asset investors should maintain equity exposure but lift cash allocations,” said Goldman strategists.

Talking about stocks, the bank’s strategists said that investors should focus their portfolios on defensive sectors including utilities. The S&P 500 will generate “a modest single-digit absolute return” next year as the “robust” profit and economic growth seen in 2018 slows, they said.

[stevedaytrader] 20/11/2018 15:36

Lol Loganair- I recall debating on here (but can't remember who with), about a year ago, that there is no way GOLD can be compared to crypto! People were saying safe haven away from stocks therefore competing with gold. But even way back then how people thought crypto could be safe was nuts, as I explained back then, gold is shiny and people have wanted it since time began and will always want it and it's market is global, so protects against currency inflation and stocks etc.

[loganair] 20/11/2018 15:27

I post about Crypto's on this thread as many thought of the likes of Bitcoin as the new Gold and I constantly warned against buying Crypto's unless you're a trader or gsmbling and advising to invest in gold miners such as HGM or TSG as a better option.

[borisjohnsonshair] 20/11/2018 14:30

Change the subject. This is a quality company.

[casual47] 20/11/2018 13:54

Not to mention the now pervasive crypto hackers piggybacking on other people's processing power with browser hacks etc. Have even seen it done on public messaging boards which had crashed and were showing crypto mining windows.

[casual47] 20/11/2018 13:44

There was a scientific study which estimated that Bitcoin/Crypto by itself could soon push global warming another 2 degrees C.

I can see major tax changes and environmental regulation coming in across the globe which will seriously hamper the Bitcoin/crypto miners.

[stevedaytrader] 20/11/2018 13:43

Alas true for the latecomers, very unlucky for them, others made a packet, I would made crazy amount had I bailed a while ago- but still am making a healthy profit, far more than my stocks in % terms, but not as much in £s as didn't invest much, only gambled what I was prepared to write off. I just sit on these cryptos, and forget all about them, unless they pop up on these forums. Bad for anyone who invested what they couldn't afford to lose- me and friends saw/see it as a gamble, but alas social media has a lot to blame here for the unfortunates who were mislead and not aware of the huge gamble. Social media also now has a lot about stocks etc and people are losing a lot here now too- and also being scammed out of pensions- the problem is the internet/social media etc opening all markets to become far more visible, and as stocks are "regulated" so think they are safe...

[chipperfrd] 20/11/2018 13:40

I was in Iceland last January. Down in the south there were loads of crypto miners using the thermal energy there. Apparently they are consuming a significant proportion of Iceland's total energy consumption. Total madness!!

[casual47] 20/11/2018 13:34

Apparently in US it costs on average 4758$ to mine one Bitcoin. In Ukrain it is as low as 1852$.

Can't see this warrant the valuation of Bitcoin even at today's price.

[loganair] 20/11/2018 13:27

I see Bitcoin is down a further 8% today at $4,385, with Bitcoin Cash down 28% meaning it has fallen by around 50% in just 2 days.

Unlike Gold were there is a finite amount and has to be pysically dug out of the ground many people thought of these Crypto's as Free money and as I've always written on this thread basically they are worthless as an Investment only good for traders and are in fact just a con to con vulnerable people out of there are earned earnings.

I feel a great deal of sorrow for all the elderly who bought Bitcoin at around $20,000 being conned that Bitcoin was going to $100,000.

It has been shown that a professional can produce a new Crytocurrency in just 3 minutes.

[stevedaytrader] 20/11/2018 12:01

btg, used to short these, wish i had some !

[stevedaytrader] 20/11/2018 08:29

FTSE see-sawing in a range with all this Brexit exciting stuff- good opportunity with futures leverage, but not for the faint hearted. Fingers crossed for today for HGM- does anyone have any dates on future releases of performance data here?