Hochschild Mining Share Discussion Threads

[dt1010] 03/9/2018 09:22

Yeah good run from here to Christmas

Next year will be better for HOC

Of course, market might crash in October as that’s a statistically more likely thing to happen in Oct than any other month.

[juju44] 03/9/2018 08:39

Holidays /doldrums over and Indian wedding season . Commercials have gone long in PMs and they are almost always right as they control it anyway

[dogwalker] 03/9/2018 08:35

It's a statistically observable seasonal thing.....What the fundamental reasons are supposed to be I can't remember off-hand....weddings or something ?

[robertthirkell] 03/9/2018 08:16

Why should sept be better?

[juju44] 02/9/2018 08:46

Sept . should be a better month for PMs .

[dt1010] 01/9/2018 18:35

Juju it’s not a hard call the seasonal one

This will trade on just 15 times earnings next year so it will re-rate naturally as funds buy in I reckon.

[juju44] 31/8/2018 09:12

I may be coming down ill but it is beginning to feel like a bottom all right

[juju44] 30/8/2018 21:13

Sept usually a good month for gold .Don't wait up

[onedayrodders] 30/8/2018 21:07

PMs sick again ... for me it's resuming it's downtrend

[richkid71] 30/8/2018 18:50

Essentially, we are screwed.
It’s a case of wait long enough and this will go up. LOads of waffle and twaddle.

[rhuvaal2] 30/8/2018 17:05

Also, see that hedge funds own 11.6% of MML ~ apols to any for o/t

[juju44] 30/8/2018 15:54

Is it beginning to feel like a bottom

[rhuvaal2] 30/8/2018 14:04

Amazing, stevea, and I shall have to read yr full wording at least one more time! Doesn't it ever reach the minds of senior shareholders to demand an EGM or something to clear out such dead wood at the top for a fresh re-set with crisp new directors capable of powering MML ahead once more. There must be the right people around who could be given magnum incentives. A poor business with good management, to my mind,
is better than a great business with indifferent management...

Glad to have this exchange while HOC is quiet. Thanks again and I trust the Rhino
has produced the goodies and at its full quota, this season

[stevea171] 30/8/2018 12:37

Rhu. HOC will do better if and when the PM prices are allowed to rise. Silver is used as an extra stick to beat gold with if you look at the 2 year gold and silver charts above.

MML. Yes I've seen the results which are an accountant's dream/nightmare. No real news there and I've not sold any as I expect at some point the share price will reverse. The gold is still there - a long life mine. The mill is 100% and the mine is likely just a few months away from completion of years of upgrade so 98%. AISC should drop on E15 shaft completion, whenever that is! No one is happy with the current situation since the CEO, BT resigned. The whole BoD needs sacking imo as they are just sitting in comfort collecting director fees rather than moving the company forward.

Added to which I don't trust AT (not Philippino, but from a Chinese Singapore family I seem to remember, educated in Auz). At a MML Mayfair presentation given by BT there was an opportunity afterwards to speak with the directors present. I didn't waste my time with AT but spoke with BT and Roy Daniel, a non exec now but a former CFO of MML who goes way back to the good old days. That was a turning point to recovery but now we are back in limbo ....

A results analysis:
"They were looking to create the maximum amount of impairments this year, so to do it they would have been using the ASIC from this year(17/18) that has all the cost of the E15 and other mine asset purchases($14.75mil) together with the development costs($27.4mil) and then they added three years on to the mine life (2022-24) where the operating/development costs from working on L16 would be higher.
The production capacity they're using of 50k to 100k also relates to this year(17/18) and previous years and is not forward looking - it even says in 1st para on pg43 that the 'Estimated production is assumed consistent with the capacity constraint of the Co-O mill taken into account while assuming a constant recovery rate.'
So they were able to create impairments of $81mil and knocked down the value of Property, plant & equipment from $41.75mil in 2017 to $12.96mil in 2018 - most of which relates to a knocked down value of the E15 shaft of $11.45mil.
They have also knocked down the value of Development expenditure from $66.44mil in 2017 to $29.88mil in 2018 that equates to the amount spent in the last 12 months.
If ever they finish the E15 shaft and increase production, then they will have little capital cost to depreciate & amortise against the income thereby being able to report larger profits from which they can then pay themselves even larger bonuses."

[rhuvaal2] 30/8/2018 11:53

Hi stevea171, I added to my substantial holding here today on the assumption that KWN will be spot on one of these days !! The gearing should be useful in times to come :)

o/t see MML has dropped on the results: have you sold any shares ? People shy off the Philippines but I suppose the company is bound to employ one of their countrymen
as Chairman. I didn't find news of the new mine shaft and most goldies are so out of fashion at the moment. The acreage in Queensland is something to look forward to but guess that'll be a long way out. You will know the company better than most ~ any comments? for which many thanks.

[stevea171] 29/8/2018 19:49

Rick Rule – We Are Now At The End Of Panic Selling In Gold, Silver And The Shares.
August 29, 2018

Today Rick Rule spoke with KWN about the recent carnage in the gold and silver markets and said he believes we are at the end of the panic selling in gold, silver and the mining shares.

Also, the asset that Turks had that they could sell in order to help with their liquidity crisis was, perversely, gold. And there are rumors that Turkey has sold between 50%-75% of their gold. And while that argues for holding gold as an individual for times of crisis, that much gold coming onto the market was difficult on the price in the near-term.

[stevea171] 29/8/2018 10:08

Tomorrow HOC goes ex div.

[dt1010] 28/8/2018 19:44

I don’t know.

I think a big crash is on the horizon in the next 2-3 years, a big financial crash.

That will pull all assets down in the first instance. Gold will be first out of the blocks after the dust settles.

Now is a time of cash/ buying power preservation. Not trying to eek out gains at the end of one of the longest bull markets in history.

I am a gold buyer at $900-1000. It will come. And only then a gold backed ETF not phys.

Only the gold bullion dealers make money out of that racket.

Can you honestly seriously point to anything right now and tell me it’s good value? Everything from property to shares is over priced. When the debt crisis comes there will be an almighty dash for cash, a liquidation.

You do not want to holding anything but cash when that comes.

[dt1010] 28/8/2018 15:47

U know about their as yet undiscovered mining assets then huh, amazing x-ray vision you have juju ;)

Not sure I have ever known of anyone as negative as you juju? Why? And if you think HOC is a pile of shyte then why lurk on here?

‘It’s a mystery to me...do you even hold it?

Let me guess, you’re just a troll?

But I agree. They just don’t want pms to rally, at any cost.

[juju44] 28/8/2018 15:44

Be mined out and nowt left by then

[juju44] 28/8/2018 15:21

"They" dont want PMs up so miners going nowhere