Hochschild Mining Share Discussion Threads

[onedayrodders] 29/8/2017 14:11

Gunlach's $100 move seems delayed

;o)

[stevea171] 29/8/2017 11:48

Topicel.

HOC. Q3/2016 sale prices.
Average realisable precious metal prices in Q3 2016 (which are reported before the deduction of commercial discounts and include the effects of the existing hedging agreements) were $1,254/ounce for gold and $18.6/ounce for silver.

Q4/2016 sale prices.
Average realisable precious metal prices in Q4 2016 (which are reported before the deduction of commercial discounts and include the effects of the existing hedging agreements) were $1,139/ounce for gold and $15.0/ounce for silver.

FY 2016 sale prices.
For 2016 as a whole, average realisable precious metal prices were $1,216/ounce for gold and $17.1/ounce for silver, in line with average market prices for the period.

From the above it can be seen that silver at c. $16.50 av so far in Q3 and gold $1260 av, then silver has some ground to make up on the position a year ago but if the PM prices are now set for further rises into the year end then will beat Q4 comparatives.

As ever HOC degree of profitability depends to some extent on the metal prices which are of course out of their hands ....

We need to be a few months further along to get a better idea of how the sale price environment is turning out and expectations for H2 and FY.

[shakeypremis] 29/8/2017 11:06

Going on previous form, they'll probably try to batter gold and silver back down. They didn't yesterday though.

[davidspringbank] 29/8/2017 10:54

Should be good when the Ham Shanks come in.

[shakeypremis] 29/8/2017 10:48

Ouch, I think I lambasted that guy for being impatient too.

[onedayrodders] 29/8/2017 10:45

value king21 Aug '17 - 18:39 - 15544 of 15690 0 0
I've sold out today as I'm sick of these being in a constant trading range that never breaks out. A better home for my money in home builders I feel.

OneDayRodders21 Aug '17 - 20:08 - 15545 of 15690 1 0 Edit
famous last words

;o

[juju44] 29/8/2017 09:56

I am bullish here. The indicators are turning up from a very oversold position and the 200dma has provided a strong support on the fall . YYYEEEEEEEHHAAAAAAA

[goldenshare888] 29/8/2017 09:54

Yes, thank you, Top.

Great to return to $1320 GOLD (I was waiting for $1303.50 to break before getting too hopeful) - I feel $1400 is not far away now!

A VERY HAPPY HOC shareholder. GLA

:))

[juju44] 29/8/2017 09:37

I have also seen that gap and I dont like it . 90% of gaps get filled Sitting tight for now , you have to ride the waves

[topicel] 29/8/2017 09:32

Shakey, don't tell juju about that fresh gap. He'll be selling against the momentum.

All the way back to 267p at noon and then reverse again to 285-plus when the Yanks open up?

What a game.

Topicel

[topicel] 29/8/2017 09:29

Lol Stevea, "we got bigger rockets than you Kimmy"!

Any idea of hand what the average we got for silver and gold last year second half? I estimate silver needs to climb another dollar or so and gold is fine and all extra profit, all other things being equal, which of course they're not.

Topicel

[stevea171] 29/8/2017 09:23

Houston we have lift off. Gold & silver headed to the Moon. ETA .... ?????

[goldenshare888] 29/8/2017 09:20

Lock & Load - Set to Explode....:))

[shakeypremis] 29/8/2017 09:15

This gapped up this morning. Previous close, 267.3, opened today at 274.20. What are the chances that this gap will get closed before the gap at 318?? That would be annoying.

[juju44] 29/8/2017 09:11

Look at the PMs . Time for the next leg up nopw

[goldenshare888] 29/8/2017 08:34

:))) Fully loaded and holding for BIG MONEY!

$1400+ GOLD coming.........

$22+ SILVER coming.......

:)))))

[stevea171] 29/8/2017 08:30

August 28. Victor Sperandeo:

“The reason the gold and silver markets are on fire today is because China’s stock market hit a new (roughly one-year) high today, and China is the big buyers of metals. So If you look at the action today, platinum is up $9, palladium is up as well, all the metals are all up…

“The miners have led the way and the pattern is exactly the same as it was in early 2016 when gold, silver and the mining shares soared. Silver and gold have been lagging recently and they are now going to play catchup. But the Shanghai stock market hitting a fresh (roughly one-year) high is the reason why the gold and silver markets are on fire today.

[highly geared] 29/8/2017 08:27

Bought for my SIPP first thing.Drop on interims overdone, gold out of 6 year downtrend, political unrest a plenty , US economy soft etc. Hold for next 3 years.....

[stevea171] 29/8/2017 08:23

For anyone who missed it:

Record date for the HOC interim dividend is 31st August so there are only 2 trading days til Wednesday (not Thursday) to go.

[juju44] 29/8/2017 08:20

You have to like it

[topicel] 29/8/2017 07:54

Still just holding the USD/JPY...just.

108.88 is not so strong as to indicate real capitulation of PM protection to moi, considering prior to Trump getting elected it was 103-ish.

TPTB have not completely given up, I'm sure, and yet we all know, as they probably do, that volatility and a sea-change will come about in the valuation of gold and silver. We can but hope Juju's belief in the JPM story over other stories is right and they are all going long before the US really gets into an almighty mess geopolitically, internally and they formally round on Trump as it develops into the bubble bursting correction....

Stevea will no doubt advise but the extra profit margin year-on-year for the second half is not yet in focus at $17.40. Not far off for the whole six months but we probably need that extra dollar on the price of silver for sure to turn these prices into significant value upside in HOC.

Gold, however, could already be making us a small gain on income at these levels. Don't forget Trump night surge high was around $1343 or so...

Topicel

[edjge2] 29/8/2017 07:10

NK throwing toys about. They had to do something provocative. Dollar crash will boost PMs. On support now.
Hit paydirt JUJU