Hochschild Mining Share Discussion Threads

[onedayrodders] 23/10/2018 18:28

I think it was 1 month wasn't it ?

[onedayrodders] 23/10/2018 16:12

... today's DOW Jones anecdotes

The Dow dropped as many as 549 points, or 2%, on Tuesday after major US companies reported gloomy results and guidance. Disappointing numbers from Caterpillar and 3M reinforced ongoing concerns about how long blockbuster profits can last, especially given tariffs and rising costs.

Hang on ..didn't Trump say that tariffs are good for the US


LOL

[eriktherock] 23/10/2018 15:02

Charles, I'd like to see a full Daily candle above 172p to indicate it's not a short.

[onedayrodders] 23/10/2018 14:56

Trump the Candidate said the stock market was a huge bubble that will end badly ... trouble is Trump the President immediately forgot about that statement and started to claim credit for it .... now he OWNS the bubble.

[juju44] 23/10/2018 14:41

I would not buy the markets but I can't see Trump allowing them to crash with elections arriving .I would guess he has the machine working overtime right now to keep Dow up

[dt1010] 23/10/2018 14:06

Ha Charles. The earth is moving beneath our feet....but

Not so fast.

I think, personally and I might be wrong, markets will rally in Nov and Dec.

How that will affect PMs and pm miners, I cannot say. But equities will rally I think, making this a good time to buy US tech for a pure swing trade.

Not that I will be doing so.

[charles clore] 23/10/2018 13:45

Roddy, DT, ju - I think our time may have finally arrived!

[stevea171] 23/10/2018 11:10

Big day in the markets today. Asia and Europe a sea of red this morning as these markets anticipate the next leg down in the US markets later today with possibly big falls.

The last Index standing, the Dow, will likely crash through its 200 DMA support for the third time in the last 2 weeks with this dalliance being the 4th episode since April. All the other US main indices have given up on their 200 DMA's.

If the Dow crashes again today only the PPT riding to the rescue as usual will hold off the long awaited bear market in stocks and just about everything except PM's. With the US mid term elections in 2 weeks, and the blue wave/tsunami having gone missing, maybe this is the Deep State's fall back plan to pull the plug now and blame Trump in a last desperate attempt to win the election for the Communist Socialist Democrats?

See how gold and silver are reacting this morning in London.

[juju44] 23/10/2018 09:47

Watch the waffle from Turkey as they try to water down the assasination at US/UK request . Money will always beat integrity

[juju44] 23/10/2018 09:01

Can someone please wake up the miners

[juju44] 23/10/2018 08:46

What does it suggest for HOC ?

[onedayrodders] 23/10/2018 08:45

Nice move in PMsSuggests market weakness to continue

[dt1010] 22/10/2018 21:26

There will come a rally in Nov and Dec just u ser

[onedayrodders] 22/10/2018 18:13

Another red day on the DOW at least They don't seem to be able to jawbone that up .. bring on the bear market :0)

[d3009] 22/10/2018 16:09

And they're a day early, NYMEX normally has a good PM pummelling on a Tuesday!

[juju44] 22/10/2018 15:44

Trump pulls nucleur deal , Saudi debacle , Italy budget , etc, etc, and gold/silver both down . So what is precious about precious metals . The hoods decide they are not precious , then they are not precious

[juju44] 22/10/2018 14:57

wheels fall off every day when the yanks arrive. They have it stitched up like a Christmas turkey

[onedayrodders] 22/10/2018 13:07

Overnight China rally boosting DOW .... PM's go down

Definite correlation IMHO ... stock markets need to crash or enter multi year bear market or both, to free PM's and miners.

[juju44] 22/10/2018 08:56

Dow wont be allowed to tank - mid term elections coming up

[stevea171] 21/10/2018 23:38

Hector. A bit more detail. HOC with an 8% holding in Skeena is in partnership with them now via the Snip option.

Skeena is a Junior with no debt and no income at present so has to raise capital to fund its projects.
The payment to Barrick of C$10 million for Eskay Creek would be a minor expense for HOC or other bidder for Skeena if commercial multi million oz resources are proven up at Snip and Eskay.

Skeena finances are much improved as a result of this option agreement with HOC:
HOC will pay Skeena C$7.5 million/year for 3 years towards Snip exploration & development.
HOC can exercise its 60% option on Snip by paying currently approx C$34 million, though this is likely to increase.

Before it reaches the 3 year mark it could take over the whole company at its current valuation for little more than this 60% option price. In reality, it's likely the take out price would be very much higher.

Skeena market cap: C$42 million x 92% = C$38.6 million valuation not HOC owned.

Recovery of part of the purchase price of Skeena could be made by selling the GJ copper/gold property which would be a HOC non core asset after a Skeena buy out.

GJ: Indicated & Inferred 3.7 million oz gold, 18 million oz silver, 1,500 million lb copper.
In April 2017, Skeena announced NI 43-101 Preliminary Economic Assessment (PEA) results for GJ project. It has a 25-year mine life with a low initial capex of CAD $216 million, a pre-tax 8% NPV of CAD $546 million and a 27% IRR.

[onedayrodders] 21/10/2018 16:38

This is why we need to DOW to tank ...



Unlike 2008/9 when gold & silver was immediately sold to cover margin calls, when the DOW recently dropped 1400 points in a few days ... PM's jumped.

[hectorp] 21/10/2018 14:10

I agree with your good assessment Steve. Skeena may become a play in the way you mention.

But could Skeena Board find $10 M Canadian dollars to pay Barrick to buy out the property ( if, that is, it were desiraable to do so).
I'll need to study their resources ( cashflow debt etc).
H