Highland Gold Mining Ld Share Discussion Threads

[garycook] 21/2/2019 01:22

Mary,Ditto.Holding 36,370 shares,but believe that there is more upside to come yet.$1,450 has been predicted for Gold this year.On 16/02/2017 HGM reached 194p.Atm HGM are looking stronger now than 2017.Also as Loganair says the dividends are excellent,and could be more than 11p for this year.Also holding 40,000 shares in CEY which I am not selling,and they should rise to 160p.plus.Which is around another 20%.So that could take HGM to around £2.

[loganair] 20/2/2019 22:19

Mary - If I was in your shoes I would continue to hold HGM and continue to enjoy HGMs excellent dividends.

[maryhill] 20/2/2019 21:58

Hi Loganair. First post on here. Firstly, I really enjoy your stuff. Especially on the gold holdings of Russia etc. I have been a holder of Highland Gold in the past and never had conviction. Bought and sold. Over the last year, I have accumulated what for me is a big position. I also hold a few on the indexes and have physical too and some TSG. I definitely think we are at a point in time where the day in the sun is about to happen. Albeit if we have a spectacular crash, gold may be sold off in the first instance before recovering.

On HGM I am 30% up. I’m a little tempted to take some off the table. Any thoughts? What’s your view on having a free ride. At what point if any do that?

Or should I just hold and be compensated with the excellent increasing Divi?

Anyone else got a view?

[loganair] 20/2/2019 17:45

For those who understand and believe in charts - There are times, however, when price patterns can prove remarkably valuable in evaluating the market’s psychological profile. Where gold is concerned, now is one of those times.

Gold has established a classic stair-stepping pattern where rallies are followed by brief lateral consolidations, then repeated. This orderly series of ascending plateaus is typical of a nascent bull market where informed investors are doing most of the buying. This explains the gradual pace and orderliness of gold’s upward trend since last fall.

[stevedaytrader] 20/2/2019 17:27

FED later, expect good news again for us, fingers crossed as ever- it's fab at the mo, everything is up, long may it continue.

[stevedaytrader] 20/2/2019 10:35

Yes, I agree. Although you could argue that we had our bull run just before- I do expect 170, but we seem to be a bit stuck considering. My CEY going sooooo well.

[haughtonhoney] 20/2/2019 09:25

HGM lagging this recent bull run in gold a little I feel.

[casual47] 19/2/2019 20:57

Loganair, are you aware of gold miners with producing Russian gold/polymetal assets who might be looking to divest assets? E.g. is Nordgold looking to get rid of some of its producing Russian assets?

The BOD of one of the shares I'm invested in have embarked on an M&A strategy and Russia is on their shopping list (6 out of 10 of their potential M&A targets are in Russia, ranging from 40k oz pa to 475k oz pa). They bought a mine off Polymetal only recently.

[loganair] 19/2/2019 20:28

Russia's gold reserves grew for the 13th consecutive year and increased during 2018 from 1,726.2 tonnes to 2,113 tonnes.

Last year a little more than 5.4% of the total gold produced, 17.05 tons in Russia was exported, down three fold compared to 2017 as the Central Bank of Russia (CBR) has been buying most of the goal produced domestically and purchased a record amount in 2018.

At the same time the government has approved licenses to develop several very large gold fields that have sat fallow for over two decades, with the Sukhoi Log deposit being the biggest and most important among them.

[zangdook] 19/2/2019 04:47

They weren't off-loading shares - just shuffling them around.

[nervousnovice] 19/2/2019 00:58

There were two directors off-loading large numbers of shares a couple of days ago so the share price has done well to hold up and it appears to be consolidating.The gold price continues to push ahead so we may see HGM push higher,unless of course the directors that sold know something that we don't.

[stevedaytrader] 18/2/2019 18:55

Thought we may have done better today, oh well, tomorrow is another day. On my TUI recommend- 2.1% rise today- good short if anyone did it.

[stevedaytrader] 16/2/2019 10:12

Quite a few high value trades came in post 16:30- gold gained traction at this time- markets good too, China settling- don't know about you all, but my portfolio has been fab over past few months with the recovery of Dow and FTSE. I have only posted a few tips here of other stocks like TED Baker at ~15, fevers @~£23, well- another one that I've not gone into yet is TUI post their massive drop, they could go further, but a good one for the SIPP long term methinks :-).

[fenners66] 14/2/2019 20:33

CFO's trying to influence the FED into not raising rates as well .... like their own mini project fear....

[stevedaytrader] 14/2/2019 15:32

Haha Casual, and agree Loganair- all info is useful and up for debate :-)

[loganair] 14/2/2019 14:15

I'm for one am very grateful for our differing points of view on this thread as it helps to piece together a more complete picture of what is going on.

[casual47] 14/2/2019 13:35

The CFOs will probably be among the last people to realise something is amiss.

[stevedaytrader] 14/2/2019 13:12

The same ones that predicted 2018/19 one lol and in 2020 they’ll push it another year- pointless statement, just trying to demonstrate that if there is they won’t be impacted as they already know well in advance to mitigate- this is keep their share price going up! Else are they saying please sell all our stocks now or you will all lose money lol

[loganair] 14/2/2019 11:45

I was reading that 80% of S&P CFOs are now saying that they think there is likely to be a recession sometime starting in 2020.

[loganair] 14/2/2019 11:30

The trade tension between the US and China, who is hurting more?


Chinese exports to the US dropped 2.4 percent year-on-year, while imports from the US fell by 41.2 percent.

[wbodger] 12/2/2019 12:58

fenners, that's my recollection too. Pension Companies match maturation dates of their investments to their liabilities (pensions).

It used to be the case that they did not invest in Shares, because aside from the huge risk of failure of the investment, equities were Perpetuities, ie without a repayment date, and pensioners (the liabilities) are definitely mortal. They would match the Treasury's terms on offer to what they their mortality profile required, and there was no gambling on matching.

Treasury paper was rock solid, 100% safe, safer than gold and could be valued predictably.

[fenners66] 12/2/2019 12:06

Loganair - the pension companies have to buy treasuries to balance the risk of activated annuities. So if they have say 30 year potential liability they buy treasuries to offset this.

However we private pensioners no longer have to buy an annuity and most aren't any more - so steve's pension invested elsewhere is becoming the norm even after starting to draw ones pension