Share Name Share Symbol Market Type Share ISIN Share Description
Highland Gold Mining Ld LSE:HGM London Ordinary Share GB0032360173 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 299.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
299.80 300.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 298.13 119.69 36.72 7.5 971
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 299.60 GBX

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Date Time Title Posts
04/5/202119:45Highland gold 2005 with charts17,368
12/6/201708:01HGM Bullish chart!1
26/1/200918:05HGM Highland Gold gets her AIM kilt on !12
07/6/200817:34Why recent price movements?-
23/5/200510:28RUSSIAN GOLD68

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Highland Gold Mining Ld Daily Update: Highland Gold Mining Ld is listed in the Mining sector of the London Stock Exchange with ticker HGM. The last closing price for Highland Gold Mining Ld was 299.60p.
Highland Gold Mining Ld has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 323,997,098 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Highland Gold Mining Ld is £970,695,305.61.
popeye888: Just received an offer via my broker for £3 per share. On 31st July 2020, Fortiana announced that they had reached agreement on the terms of a recommended mandatory Cash Offer (Offer) for Fortiana to acquire the entire issued, and to be issued, share capital of Highland. The Offer values the entire share capital of Highland at approximately GBP1,091,690,970 whilst the Offer Price represents a premium of approximately 4 percent to the Closing Price of GBP2.89 per Highland share on 30th July 2020, this being the last business day prior to the announcement of the Offer. Assuming the Offer becomes or is declared unconditional in all respects and subject to any applicable requirements of the Alternative Investment Market (AIM) Rules, Fortiana intends to procure the making of an application by Highland to the London Stock Exchange (LSE) for the cancellation of trading of Highland shares on the Official List and for the cancellation of listing of the Highland shares on AIM. The Cancellation is expected to take effect no earlier than twenty business days after the Offer becomes or is declared unconditional. If Fortiana receives acceptances under the Offer in respect of, and/or otherwise acquires 90 percent or more of the Highland shares and assuming that all of the other conditions of the Offer have been satisfied or waived, Fortiana intends to exercise its rights pursuant to the provisions of sections 974-991 of the Companies Act 2006 to acquire compulsorily the remaining Highland shares on the same terms as the Offer. If you wish to accept the Offer, please do so as soon as possible as the Offer may not be extended. Please be aware that should you choose to accept the Offer, your entitlement will not be released until the Offer has been declared unconditional in all respects, as stipulated in the Takeover Code. Once the Offer has been declared unconditional in all respects, payment is expected to be no sooner than 10 working days following the date of such announcement or our advice date, whichever is the later. You can monitor the progress of the Offers acceptances through any regulatory news provider. However, we will notify you once your entitlement has been credited to your account. Please note that acceptance to this Offer will only be applied to the number of shares you hold at the time we process your instruction. Before making any decision please take into consideration all relevant factors of the event including the current share price and any possible tax implications. If you require any further information in making your decision please contact an appropriate professional advisor. Should you choose not to accept the Offer at this time, we will contact you again if the Offer is extended, the terms of the Offer change, the stock is compulsorily acquired or if we are notified that the Offer is closing. Should you wish to find more information about the Offer, please visit the Highland website, hxxps:// What Happens If I Don't Elect ? If you do not wish to accept the Offer at this stage then you should take no action. When Is The Last Time I Can Elect ? Please ensure you submit your option before 14 October 2020 23:59 to enable us to process your instruction in accordance with the Company's current published timetable for this event. This timetable may change as explained above.
loganair: 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: 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: Fortiana - "The Offer provides Highland Gold Shareholders with an opportunity to crystallize the value of their Highland Gold Shares for cash at an attractive premium, providing a liquidity event for Highland Gold's shareholders." "Fortiana considers the terms of the Offer to be attractive for Highland Gold's shareholders representing a premium of approximately: -- 4 per cent. to the Closing Price per Highland Gold Share of GBP2.89 on 30 July 2020 (being the last practicable date prior to the date of this Announcement). "Fortiana believes that such a premium is in line with other recent premia paid in precedent transactions in the mining sector." "The Highland Gold Independent Directors understand that the Selling Shareholders have been exploring a number of options and have concluded that the Offer represents an attractive price for them to exit." - Sounds to me possibly the directors have another mining project they wish to put the money they had in HGM into. On the whole Russian oligarchs tend to think short term for maximum gain rather then in for the long term investment. "There are risks in the Highland Gold Group's development of its Kekura site, which remains several years away from commercial production" -??? I thought Kekura was only 18 months away from commercial production, not several years. "Given the significant impact of the gold price on the Highland Gold share price, the Highland Gold Independent Directors would note that, if Independent Highland Gold Shareholders have a view of future gold prices that is meaningfully higher than the current consensus forecasts, the Offer may be relatively less attractive to them."
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.
srpactive: These constant AT trades on the bid is obvious a move to lower hgm share price, for goodness sake, 77 shares and the market capitalisation of a £700m company changes. Really.
investor73: Gold miners glitter as spot price nears 9-year high. Gold miners’ share prices are soaring with the value of the precious metal, while increased dividends are helping push these stocks higher still. The spot price of gold has risen 17 per cent so far this year and is closing in on $1,800 an ounce for the first time in nine years. The commodity, commonly treated as a reliable store of value by investors, has benefited from nerves over the spread of Covid-19 and the outlook for global trade — and rock-bottom yields available on other haven assets. Gold stocks have done even better, however, up 23 per cent this year as measured by the NYSE Arca Gold Miners index. Standout performers include Canada’s Kinross Gold and Barrick Gold, and US-based Newmont Corporation, all up at least 40 per cent so far in 2020. The primary market is also vibrant. Recent share sales by South Africa’s Harmony Gold and Polymetal, a London-listed miner with assets in Russia and Kazakhstan, were completed in double-quick time, with the books covered in 20 minutes, according to bankers working on the deals. “Macroeconomics is playing a part: gold has reasserted its status as a safe asset,” said one banker involved in the $200m Harmony deal. Given the favourable backdrop for gold — safe instruments such as US government bonds are effectively paying investors a negative return — analysts and sector specialists reckon gold and gold-related equities have further to run. “With swelling central bank balance sheets, and rates in the US and most major developed economies close to or below zero, we see the macro backdrop as supportive,” said James Bell, analyst at RBC Capital Markets, in a recent report. At the same time, big producers have also started to crank up returns to shareholders. The total per-share dividend of the five biggest gold miners has risen from $1.50 in 2015 to $3.20 in 2019, according to UK-based asset manager Ninety One. Bullish fund managers think there is further to go. George Cheveley, a fund manager at Ninety One, said the outperformance “isn’t substantial when you consider the tailwind” from lower oil prices and weaker currencies in producer countries, compared with markets where the metal is sold. “We would expect them to do even better and deliver strong returns.” Last year, “all-in” margins — which include exploration and other general and administrative costs — for a group of big gold producers tracked by RBC exceeded 10 per cent for the first time since 2012. Mr Bell thinks the miners can achieve 20 per cent this year on this metric. The banker on the Harmony deal said investors were attracted by the stock’s higher “leverage̶1; to rising prices than can be gained from gold-tracking exchange traded funds. The idea is that a higher gold price on a fixed cost base can drive up corporate profits quickly.
return_of_the_apeman: A quick check on shows gold in USD at the start of 2020 @1,520 and an average price for the first 6 months of circa 1,650 - roughly a 8.5% higher than the start of the yr However HGM sell their gold in RUB Start of the year 95,000 Average for H1 117,000 roughly 23% higher than the start of the year H1 2019 average gold price in RUB was circa 85,000, so they are selling their gold at 37.5% higher prices for H1 in 2020 That just about doubles EPS for H1 2020 vs H1 2019 by my rough calcs H1 results out on 1st Sept :-) If the EPS doubles, why should the share price not? July last yr was £2+ this gives a target of £4 I have not adjusted for RUB to GBP exchange rate - anyone is welcome to correct my figures
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.
11_percent: return_of_the_apeman 22 Jun '20 - 14:07 - 16701 of 16704 0 3 0 Last time gold was in the mid 1750s some weeks ago, HGM was at £2.80 - currently we are £2.35 - some catching up to do here. ====== The HGM share price is scammed all the time by the AT trades. Someone, probably some Hedge Fund is manipulating the share price
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