Highland Gold Mining Ld Share Discussion Threads

[fangorn2] 11/9/2018 12:10

One would hope so Gary.
The excessive debt bubble will burst at some point,and there will be a stampede to hard assets. Question is just how long can this eye watering living beyond our means continue.

[garycook] 11/9/2018 12:06

c47,Lets hope so.It must be near to bottoming.

[casual47] 11/9/2018 12:00

Officially the investing "summer doldrums" end this week.

Not that I'm expecting any uplift from that as the onslaught seems still too much in full swing, but next week may be the beginning of the end of it....

[fangorn2] 11/9/2018 11:58

@Casual

In "gut-sense" it's pretty clear what Brexit means and it's not Norway.

Bingo!

It isn't Norway. It most definitely isn't Chequers either.
Problem is we don't have a HOC that wants Brexit - they're overwhelmingly Remainers - many of whom aren't in the party their political opinions reflect.

eg Sourpuss Soubry, Grievance, Morgan, Sarah Wollaston.
They're all Libdems, wearing blue of Conservatives as it's the only way they'd have their snouts ion the trough.

[garycook] 11/9/2018 11:49

TyMedici,HGM goes XD on 13/09.So eve of XD is tomorrow,and by previous XD,s the share price usually stays around the same level.But if HGM drops by the dividend then 130p.But we will see on Thursday.I predit higher than your guess of 128p IMHO

[tymedici] 11/9/2018 11:38

I thought HGM would be closer to 142 on the eve of dividend day. I guess it will 128 in the next couple of days.

[stevedaytrader] 11/9/2018 11:26

lol either could happen!

[casual47] 11/9/2018 09:55

Alternatively, a plunging pound should benefit companies with profits abroad.

[loganair] 11/9/2018 09:49

If Britain gets a good Brexit deal, the markets will feel good about things and shares will rise.

[stevedaytrader] 11/9/2018 07:28

Anyway, any comments on the impact on HGM of BREXIT and gold most welcome- fingers crossed for today :-).

[stevedaytrader] 11/9/2018 07:20

This is just it Casual, it's not clear- my friends are a bit like the country, split- some like Norway, some like Canada, but most want the best bits of what Boris, Gove, Farage illuded to them or what they thought they meant, which was never going to be possible, none of their options, which are all different as well are not possible. We are where we are...

[casual47] 10/9/2018 18:56

I think most people vote with their gut. And when it comes to "gut-sense" the £350m pw didn't matter and I'm pretty sure nor did any short term economical repercussions - especially for people in areas that have been left to their own devices for decades.

At best these are things people use to rationalise their "gut" (either to talk themselves into it or out of it).

In "gut-sense" it's pretty clear what Brexit means and it's not Norway.

[stevedaytrader] 10/9/2018 18:40

I agree Loganair- and the pipleline for expansion is ace for the size of the company etc, incredibly well positioned and the P/E I remains ace. In the past couple of years, when they have had a dodgy quarter they have always responded well and fixed the next quarter. Some goldies don't... On BREXIT- however you

Fangs- I agree, roughly have the population are very angry but so are the other half- whatever happens, most will be *issed off, as the vast majority who wanted out, don't agree what "out" is, as it was unknown, so it's an impossible situation- people will have to pull together, eventually. The biggest *iss of as always is that the politicians don't have to live with their convictions- how about saying... "if we don't get 350m/week etc and the promised boom doesn't happen, then those, eg Johnson, Gove, Farage and co, have to live in a council flat at the top of a tower block on 1£150/week for the rest of their lives"... wonder what they would have said before the vote if this had been the case?

[loganair] 10/9/2018 16:57

I think Britain will leave the EU and will get quite a good deal. Much of what the average Joe blogs has been hearing is just huff and puff by both Britain and the EU for domestic consumption.

[casual47] 10/9/2018 16:55

Fangs, I can't see Corbyn wanting to return to the EU - he's desperate to get out, has been all his life.

If there is no firm deal on the future partnership (as I expect there won't) then May is finished so no Chequers.

It will be either Norway or Canada.

Norway has most support in the commons as I see it.

If there is to be an election in 2019 which will decide on the future partnership then what would make most sense is:

*New centrist party for Tory/Labour splitters+Libdems which seeks closer EU ties (E.g. Norway model for starter)

*With then Labour and Tories both having their versions of a Canada+ model.

[loganair] 10/9/2018 16:55

Interesting bit of info - the 3 main expenditures for HGM are:

40% CAPEX
35% Dividends
18% Debt Servicing

Shows that HGM have no difficulty are are easily able to continue funding the payments of their debt which is good where the we are now entering a world of increasing interest rates.

[fangorn2] 10/9/2018 16:52

@Casual

This means we will be out of the EU and then there will be an election at some point in 2019 where each of the political parties can put their stall out re. vision of post-2yr withdrawal period.

That would make the most sense to me anyway...

Bingo

And the options put by both main parties

Labour - A return to EU membership

Tories - Chequers Bino

ie The Brexit referendum vote result will have been ignored, then overturned barely 5 years later by a Remain political class intent on thwarting will of the people.

Wont end well for many if this is the case I suspect for this is blatant subversion of democracy.

Many waited 41 years to finally have their say, denied as we were at every turn.

Methinks the establishment underestimates the anger out there

[stevedaytrader] 10/9/2018 16:50

Agree Causual, there will be someform of fudge then the rest post 2019. On gold, I have some CEY and RRS which I bought with my last set of HGM divis, should have re-invested here, can't always get it right, although it will be tempting to buy either gain when this divi comes round...

[casual47] 10/9/2018 16:46

Imo, for sure there will be a deal. Whether this is a "deal deal" (withdrawal + firm deal on future partnership) or a "fudge deal" (just withdrawal agreement with a "term sheet" to be discussed further in 2019 onwards for the future partnership) is the only question.

[casual47] 10/9/2018 16:41

Steve -let's hope we are holding up because fundamentals (E.g. POG in roubles vs dollar POG, increase in divi, debt reduction, ...).

If you are going to invest in goldies then Russian goldies seem a good way of spreading risk, imo

[loganair] 10/9/2018 16:39

Gold price in rouble terms in near a 1 year high, which as much as 80% of the running cost of HGM is roubles.

[stevedaytrader] 10/9/2018 16:36

All other goldies down except for us- I know we are XD in a few days, but any other theories? Not that I'm complaining though. On BREXIT, the whole thing is a farce, who knows where it will all end, although there were lies on the remain side eg project fear, the lies on the BREXIT side are the only ones that count since article 50...

[casual47] 10/9/2018 16:33

L - My bet is that there will be no agreement on the future deal this side of March 2019 but rather the UK will pay their 40-odd billion divorce bill to buy themselves the 2 year withdrawal period.

This means we will be out of the EU and then there will be an election at some point in 2019 where each of the political parties can put their stall out re. vision of post-2yr withdrawal period.

That would make the most sense to me anyway...

[stevedaytrader] 10/9/2018 16:32

Thanks Loganair- what's your view on impact on HGM here? Be interesting to see what gold was added in this months report for Aug18.