Highland Gold Mining Ld Share Discussion Threads

[sirhedgealot] 28/6/2017 16:05

I bet he feels just terrible.

[fangorn2] 28/6/2017 11:20

Muppet drops gold price to 6-week low
This article by Frik Els for Mining.com may be of interest to subscribers. Here is a section:

This bears the hallmarks of a fat finger 'muppet' – a trade of 18,149 ounces would be a very typical trade, but a trade of 18,149 lots of a futures contract (which is 100 times bigger) would not be… it leaves us wondering if a junior had got confused between "ounces" and "lots"… or maybe an incorrectly programmed algo ahead of options expiry on COMEX … we just don't know.

The gold price had recovered much of the lost ground in afternoon trade in New York, exchanging hands for $1,243.60 an ounce.

Norman points out that if the trade, which may also have been carried out by a central bank or a large-scale speculator opening a short position, was indeed an error the gold price bear who made the move is nursing a $36 million loss at this point.




Eoin Treacy's view
The gold price experienced a $20 pull back yesterday morning. Two contrasting points are worth mentioning. The first is that despite the high volume the pullback was only $20. The second is that the price did not snap back up immediately afterward, suggesting that while the market was able to absorb the volume there was no surfeit of orders to reassert demand dominance.

[killary cunton] 27/6/2017 11:55

or maybe not

[killary cunton] 27/6/2017 09:50

Its being capped around this price for an offer around 25% higher I reckon.

[sirhedgealot] 27/6/2017 09:34

Mr Abramovich would surely want a good deal.

[finkwot] 27/6/2017 08:59

perhaps two attributions, in that case?

[loganair] 26/6/2017 09:25

mean - quite often I combine two articles to make one post and as usual I included part of another article is why in these cases I do not put an attribution.

[meanreverter] 23/6/2017 21:46

loganair's post 9958 is copied, without attribution, from Lawrie Williams' article published by Sharps Pixley on 21 June. The original article may be accessed at hxxps://www.sharpspixley.com/articles/lawrie-williams-russia-adds-another-218-tonnes-to-gold-reserves-in-may_268797.html

[rbonnier] 23/6/2017 18:58

Sounds a likely scenario a 200p a share bid all cash that's why its down here !

[srpactive] 23/6/2017 18:27

I meant him buying it all for 200p, dyor.

[celeritas] 23/6/2017 17:10

Abramovich would want a much higher share price for hgm anyway, this is far too low.

[srpactive] 23/6/2017 17:09

C

Pog production 400 000 ounces, but agree no deal with
their existing debt under any circumstances, dyor.

[celeritas] 23/6/2017 16:04

Not much talk regarding pog and hgm merging here, any thoughts?

I'd say its a good idea so long as pog do something with the debt first.
The two companies do have links through Chelsea via Mr Buck and Abramovich so I guess it could have already been muted.
I'd expect hgm to go a hell of a lot higher so watch out for volume days.

[srpactive] 23/6/2017 11:44

Loganair

Thank you, talk later.

Edit:

Gold doing nicely, dyor.

Polyus will be in a good position then, with a large market cap,
they could be the one picking up all the good small caps then, dyor.

Edit

Popeye mentioned about merging last night, I feel the only time
we will merge is if/when RA buys all hgm and by doing that we
would get a good premium from here at 200p as others have quoted.
That is why imho we are down here and the ceiling at 190p dyor a must
all the above is pure conjecture.

[sirhedgealot] 23/6/2017 11:22

(Stock interviewer) Why do you increase the shares in issue if the banks will lend quite readily ?...(CEO) Ahh... But why ?..get from the bank when shareholders give you the money for free?!

[sirhedgealot] 23/6/2017 11:18

I mean...you invest under their terms.

[sirhedgealot] 23/6/2017 11:17

I owned UKR product, then the sanctions came on the Ukraine. I learned two things that year. ..The word gangster is "Biznisman" in Russian...if you invest, one invests with them etc etc

[loganair] 23/6/2017 09:41

Polyus, a top Russian gold miner, has set a price range for its London Stock Exchange comeback.

The firm set the price range at between $33.25 and $35.30 per global depositary share in London, which corresponds to a price of between $66.50 and $70.60 per ordinary share in Moscow.

This will result in a market capitalisation range of around $8.5bn to $9bn, the miner said in a statement.

[loganair] 23/6/2017 09:41

srp - Russia's central bank, which is seeking to its international reserves, posted an increase in gold reserves in May, the fifth consecutive month of gains.

The central bank, one of the world's largest holders of bullion, has been regularly buying gold as it wrestles with weaker oil prices and Western sanctions imposed over Moscow's role in the Ukraine crisis.

Russian gold reserves increased by some 700,000 ounces (21.8 tonnes) bringing the grand total of its reported gold reserves to around 1,708 tonnes.

Russia's gold reserves rose to 54.9 million troy ounces by early June from 54.2 million ounces as of May 1, the central bank said on Tuesday.

The value of its holdings rose to $69.30 billion from $68.65 billion as of May 1.

Russia's central bank, which usually buys locally produced gold from Russian banks, has been one of the leading national buyers of gold in recent years, along with China.

This keeps Russia in sixth place among global national holders of gold after China in fifth, but closing the gap given China seems to have ceased to report monthly gold reserve increases since last October. If this non-reporting by China continues and Russia continues to add to its reserves at the current rate then by the year end the gap between the two nations’ reported reserves to the IMF could be as little as 10 tonnes, or perhaps even less.

Of course, as we have noted before, China has a track record of non-reporting of its reserve increases. Thus we don’t believe the Asian giant has ceased adding to its gold reserves at all and is holding these additions in accounts which it is not reporting until such a time it may feel politically, or financially, advantageous to do so. It has done this in the past only reporting big increases in its reported reserves at five or six year intervals. We suspect it has not yet reached its ultimate gold reserve target and considers it advantageous to continue the pretence that it has ceased buying gold as a device to keep the gold price suppressed in order to continue to adding to reserves at lower prices. We see as significant the fact that it only reported monthly additions to reserves in the runup period to the yuan (renminbi) being accepted as an integral part of the IMF’s Special Drawing Right (SDR) basket of key currencies (which also includes the US dollar, the Euro, the Japanese yen and the British pound sterling). Ever since the yuan’s inclusion in the SDR last October, China has been reporting zero increases in its reserves on a monthly basis. We don’t think this is coincidental.

Given the air of secrecy which surrounds Chinese direct gold imports, coupled with the fact that it is the world’s largest new gold producer at around 450 tonnes annually, it would be fairly easy to assimilate additional tonnages into government controlled vaults surreptitiously. Again as we have noted before this could, in part at least, account for the fact that known gold exports to China, from countries which publish these statistics, plus domestic gold production, come out hugely higher than the major precious metals consultancies.

[rbonnier] 22/6/2017 22:13

Looks like a bid on the cheap might be on the cards here very soon at 200p might be speculative news in this weekends papers.

[celeritas] 22/6/2017 21:32

This has been news for ages. Let's see if Renova can pick up hgm stock so easily like it did with pog. I'm sure millhouse will want a huge premium.

[dt1010] 22/6/2017 21:30

Does make you want to steer well clear of anything Russian in business

Too corrupt. Too opaque. Too dangerous.

And yet....this is a long term hold for me. Value will out.

[11_percent] 22/6/2017 21:14

No...they win.