Hochschild Mining Share Discussion Threads

[juju44] 20/12/2018 13:17

Look at cgh

[dt1010] 20/12/2018 09:41

By 2020 gold should be around the $1251 level and HOC around 175p

Great commodity. Great stock. Worth the time sacrifice.

Not. Not. Not.

[juju44] 20/12/2018 09:24

FED news should help PMs and Goldman crooks reportedly buying gold . I am optimistic

[dogberry202000] 20/12/2018 08:45

The Dollar is down and gold is back over $1250 and taking the fewest passengers onboard.

[onedayrodders] 20/12/2018 08:40

It will juju... but it's like trying to turn a juggernaut around in a culdedac

[juju44] 20/12/2018 08:36

Dow crumbling . Is this it? Will the money move into PM stuff ? Soon to know

[juju44] 19/12/2018 20:03

There you go . All shot to pieces again . 1250 not allowed to be crossed

[dt1010] 19/12/2018 18:05

So here’s modern banking for you today.

I went into a major bank branch in an east of England market town today and passed my card over and said I needed to withdraw £8500. She looked at me suspiciously. Can you you not make a payment. No it has to be cash. Well i’m Not sure we have all that. (I stifled a laugh). Had I pre ordered it? No. Well i’ll Have to check. Another form of ID please (I had given card and pin).

What this shows me is that basically they don’t have the money. Or they have some, but certainly not all. And they’d rather not give it to me.

She got the cash together. In a sultry way. I barely thanked her.

Modern bankrupt British banking without a smile.

Imagine if I called them up and asked them for £100,000 in cash. On a weeks notice. No reason given. They would ask and ask. But it would be my ‘king right to have my money.

Point is as soon as you pay it into a bank, it’s not yours anymore. It’s been leant out. It’s gone. The borrower has spent it.

People should get their money out of the banks.

[rhuvaal2] 19/12/2018 16:43

Thank you stevea, mml showing a slight flicker

[juju44] 19/12/2018 16:03

Hangs on fed news

[dt1010] 19/12/2018 15:58

Can’t see that not happening

[juju44] 19/12/2018 15:52

Need close north of 1250

[dt1010] 19/12/2018 15:43

Ha I need 300+ for Prosecco and 500+ for anything else

[stevea171] 19/12/2018 14:54

PM's showing decent strength. Gold now $1256 & silver $14.80. This time last year the hot alt currency money was piling into Bitcoin and all the other cryptos. Now that bubble has well and truly burst will we see some of these funds switch to gold and silver?

Gold has now broken out and is likely to be heading very much higher.
Silver is at the multi previous st highs of $14.80 but is likely to follow gold's break out in the coming days.

Seems as though all of us beaten down holders here are going to get our own PM Santa rally ...
Very well done to all who have stuck with it! Well deserved I must say.

[juju44] 19/12/2018 14:42

Watch those metals and chill the champers

[onedayrodders] 19/12/2018 14:30

we'll still be here juju

;o)

[dt1010] 19/12/2018 11:49

I wonder where this will be in 5 years

[juju44] 19/12/2018 11:36

The fekers just won't let gold go through that 1250

[juju44] 19/12/2018 10:33

We need a 175p close for a breakout . This week ???

[dt1010] 18/12/2018 13:22

Silver will follow. It’s always the laggard. HOC mines both.

If my kids positions weren’t so many grand down on this I wouldn’t be loyal to it. It’s a terrible stock. If I was looking for value in the market I wouldn’t be considering this dog.

[stevea171] 18/12/2018 11:11

One important factor affecting institutional support for HOC and the share price is the cloud hanging over HOC's mine at Arcata in Peru. This is one of 4 producing mines but it is loss making at current PM prices and a decision on its future is due to be taken in January.

Arcata. 2018 estimate: 4 million oz Ag equiv at AISC of $18 - $18.5 per oz.

High silver/gold ratio. Narrow veins being mined. Production has been reduced by half to reduce losses. Exploration has been increased to discover new areas for more profitable mining.

With silver currently at circa $14.50 - $14.70, average $15.50 for the year, the scale of the issue can be seen.
Arcata loss estimate 2018: 4 million oz x $3 per oz = $12 million

The company has said in response to analyst questions about Arcata that they would like to keep it in production but won't avoid taking hard decisions (in January 2019).

If the mine/mill is put on care and mtce there will be costs for redundancies with many of the workers there very experienced and long term.
Exploration in the past 2 years has found many new veins that could be put into production quite quickly.
The mine and mill could be closed in January and only months later silver could rise to $18-20 and the mine is economic again.

What's to be done?

[stevea171] 18/12/2018 10:07

The Rally In The Gold Stocks Is Accelerating
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From the miners to the ETFs, the technicals are looking good as the rally in gold stocks accelerates…