Highland Gold Mining Ld Share Discussion Threads

[borisjohnsonshair] 19/12/2018 00:23

Why if they have a problem would they bring the div forward? That makes no sense. I can't think of a single logical reason that the 2nd interim div is anything but positive news, hence the price tank is madness!

[sclper] 18/12/2018 16:41

I seem to recall last time HGM went ex div the share price actually gained. It's very hard to predict short term movements in this stock but over medium to long term I'm confident it'll be a big winner

[stevedaytrader] 18/12/2018 14:51

Borisjohnsonshair- as I said yesterday, from time to time HGM does this, completely unexpected drop of between 5-10% for no reason, in fact this time it should have gone up! Bizarre and caught me out- it will, of course, drop by the divi amount on top, but no one could have predicted Thurs hits 156.8 or so and 2 days later 141 :-(

[loganair] 18/12/2018 14:05

Interesting to hear what the Institutions are saying about US interest rate rises.

Almost certainty the Fed will raise rates tomorrow and now only 1 rate hike next year. However Jefferies are going for 2 rate hikes next year. I'm no longer hearing anybody saying 3 or 4 rate hikes in 2019 as they were saying in September/October.

[loganair] 18/12/2018 13:46

Many shares are down 10% to 20% while HGM has been range trading.

[le0nard] 18/12/2018 13:09

I know but thought some news had leaked out.

I haven't sold any.

[borisjohnsonshair] 18/12/2018 13:02

About what. Giving an extra interim div can only be a great thing. It's consistent with an earlier statement about distributing spare cash. The company is clearly in great shape.

[le0nard] 18/12/2018 12:33

No but I was dreading an RNS this morning.

[borisjohnsonshair] 18/12/2018 12:18

I disagree. It's announced an extra div and the price drops by more than the div value yet it's not gone ex-div yet! It's the most bizarre scenario particularly when combined with equity crash and stable gold price!!!! Weird to say the least!! Anyone got a clue???

[loganair] 18/12/2018 12:04

In all this turmoil, HMG share price is holding up very well.

[loganair] 18/12/2018 11:08

Wall Street has suffered the worst start to December since 1980, with stocks showing no sign of recovery before the holidays. The Dow and the S&P 500 are heading toward their worst final month since the Great Depression.

The Dow Jones Industrial Average lost has 507 points, closing more than two percent lower on Monday. The S&P 500 lurched to a 14-month low, also showing more than a two percent loss for the day.

December is typically a very positive month for markets, with a “Santa Claus” rally propelling stocks upward at the end of the year. This time experts warn that if the current downward trend continues, the S&P and the Dow will have their worst December performances since the Great Depression of 1931.

[stevedaytrader] 17/12/2018 19:17

yes should be a rise tomorrow but then should have been a rise today, most miners down bar cey- nothing like hgm though, it’s almost like wait for the divi news, people buy in, then dump to drop the price like a crypto- which funnily enough took a big leap today

[shayadfn] 17/12/2018 18:56

note tomorrow's the last day to buy and be eligible for the div

[stevedaytrader] 17/12/2018 16:18

Having said this, it is very very annoying.

[stevedaytrader] 17/12/2018 16:12

I wouldn't over analyse it guys- over the past few years, this stock from time to time just bombs out of nowhere, like today. Gold up, OK so ftse down, but no news since the divi extra, then the rise, then 10% drop out of nowhere- this just happens on this one. Fingers crossed it recovers.

[loganair] 17/12/2018 16:12

As far as I remember, HGM said that any time they had any spare cash that they would return this cash to share holders.

[finkwot] 17/12/2018 15:41

The dividend announcement was very odd, no explanation of why suddenly an extra dividend. You'd think if they'd got some extra cash to hand out they'd make a point of saying so. But it would be very weird just to move the second dividend forward by four months without saying why too.

[celeritas] 17/12/2018 15:32

Maybe Abramovich linked, who knows. He could be thinking Fxxx the UK listing and list somewhere else.

[borisjohnsonshair] 17/12/2018 15:23

Before a 5p div?

[casual47] 17/12/2018 15:01

Whatever it is, there is volume behind it. Maybe a fund is rejigging its portfolio?