Highland Gold Mining Ld Dividends - HGM

Highland Gold Mining Ld Dividends - HGM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Highland Gold Mining Ld HGM London Ordinary Share GB0032360173 ORD 0.1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 299.60 00:00:00
Open Price Low Price High Price Close Price Previous Close
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Industry Sector

Highland Gold Mining Ld HGM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

srpactive: I am in pog, our hgm ceo has just been appointed. So been buying more pog. dyor active DD I am in ggp, sve, poly and pog. My AUS tech tiddler is mno, my pick for 2021, I have been in all year. My two others ggp and sve from 2p to 26p and 20p respectively. dyor
woodhawk: A great shame that HGM will be no more - made some very nice trading profits and divis here over the past few years. Now it will never exceed it's No.4 spot in my list of all-time most profitable shares! Bon chance, Active!
wbodger: That is the paragraph loganair, but I'm not sure what relevance the deal made between different shareholders and a prospective buyer of shares should have on the payment of a dividend which is an internal corporate matter. The Directors have a responsibility to all shareholders equally and the dividend is a matter for the Company and would normally be driven by first half trading performance. I still expect a dividend because I held my shares during a spectacular rise in PoG knowing the shares were becoming more valuable. £3-less-dividend would not be an offer greater than the prevailing market price.
shayadfn: hgm's been good for me, I started trading it at 85p, collected a lot of div since 2017, currently holding 145k till the buy out. Possibly add to my haul in cey (which is reduced in 2017 to reduce my risk exposure and take profits, to and from a single company and started with hgm). However, I have added to my cey over the last two and half years. Both companies have been mega producers for me. Reduced my GVC which previously a good earner but the current situation with covid looks a tad dicey. I want to add to my gold sector so anyone any alternatives when the cash from hgm come?
wbodger: Of course, srpactive, this will change hands. But in the meantime it is a company with a Board Of Directors who passed a motion to pay dividends according to a formula related to trading. With gold trading most of this year over the PoG at the end of last, with more assets in play (Valunisty), and energy prices very low they cannot be making less than last year. They declared 5 pence a year ago so by September there should be a motion to pay at least that. After that the effective date of the offer can come into play, whenever it is and the Board can change. The have protected themselve by "reserving the right to reduce the offer by the Dividend" but that would make the offer worth less than £3/share. The interim dividend relates to trading in the first half which should have been very profitable. I agree, srpactive, change of control is inevitable but the interim dividend must be paid according to the formula already advised.
loganair: Re 17154: I just read all RNS's in full. Clearly the Russian oligarchs want to take HGM private to get the best part of the rise in the price of gold and opening of Kekura for themselves. In a couple of years time could have easily been looking at a 500p share price with a 30p yearly dividend. HGM is nearly at the bottom of the list when it comes to the percentage rise in the share price for this year of precious metal miners. Average rise would give HGM a share price of 350p/370p. Therefore a take over at 400p would of been a fair price at the moment.
loganair: It is obviously in ones face what is going on. Just as the good times are upon the company, price of gold rising and is expected to continue to rise and with 170oz Kekura mine soon to come in to production HGM has been taken private at a knocked down price. Once Kekura is on line HGM is worth 500p per share and would have been paying c30p in dividends per year. Russian oligarchs are as greedy as they come, just look what happened with TNK/BP. Don't worry HGM directors and Mr A will be getting a lot more out of the sale of HGM shares then may first appear on the surface. I can complain even though I've made c6 1/2 x my original investment I made around 5 years ago = each year I've made over 100% return on my investment.
kennyp52: $3000 seems quite ridiculous IMHO but what do I know . HGM is printing $ at the moment ... that I do know . Fat dividend . I read someone on here said they couldn’t find another gold miner that pays such a generous dividend ... well CEY is on a par if not better and provides a perfect hedge for anything going wrong at HGM in the short term imo . 2 mature gold companies with resources to go at and the cash to do it .
kennyp52: Agreed with most on here ... hard to understand why it is not pushing 250 . Maybe it needs the financial RNS to convince the market it is making significant profits . Whilst many of our blue chip companies have said they will not be paying dividends HGM will be continuing with their progressive dividend policy and we may even see a special dividend?
mikkydhu: So the HGM share price has a habit of falling when some other gold miners are rising. OK this is because there are more sellers than buyers, which tells us very little indeed. POG, by contrast, has been racing ahead. Some have suggested this is because of the different prospects of the two companies. I won't go into POG's prospects here, but what of HGM's prospects? Are they so poor? Is there so little to look forward to? Let's look at two of HGM's projects, Novoshirokinskoye (Novo) and Kekura. Novo currently processes 800,000 tpa and produced 106,784 ounces of gold in 2019. They are working to expand the mine to 1.3 million tpa, a 62% increase. That should yield an additional 65,720 ounces pa. That is surely a matter of great interest. The grade here is 4.9 g/t, resulting in total cash costs of US$391/ounce. Very profitable figures. Moving on to Kekura. In 2023 HGM will make their large Kekura deposit into a producing mine. For 8 years it will produce 172,000 ounces of gold pa, at the high grade of 8.7 g/t. This will be an extremely profitable mine. And the company has other projects. To return to the question of the share price, the prospects for HGM are surely very good. So either investors don't know about them (although the information is set out very clearly on the company's website), or a couple of years is too long to wait. I, for one, am prepared to wait and accept the very handsome dividends in the meantime.
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