24/02/2025. 2025 BMO Global Metals And Mining Conference Hochschild Presentation. |
Worth noting Short interest now up to 2.34% as of 21/2 and wouldn’t be surprised to see this increase over the coming days |
More weirdness here . Gold at near record prices and Silver on the verge of a big rally yet Hoc down quite a bit since we recovered 200p . Very funny if I wasn't long here . But the divergence makes no sense |
TheOracle,
Lost a few Gold longs on the CFTC data last week but Silver longs increased to highest level since NOV 24 |
Could we see $3000 gold and $35 silver by end of next week?? 😉 🤞 |
I bt at c 175p a year ago, so I'm up c 9%. Not too bad, but to say the share price has fluctuated during that time would be a gross understatement. Can't decide whether to reduce, or add. Bit confused atm and the unpredictability of world events (due to orange man) is not helping.
pete |
13/2/25. HOC invests a further 10,260,715 shares at C$.70 each in Aclara to maintain % holding just below 20%. |
Yh but that short has been open for years in varying size. It's such a small percentage of stock that it really has little bearing on the share price imo |
I wrote about the reason for the short on the other board so I think that if that was correct the short will get closed as volatility reduces too . At that point Hoc flies even further . Gold has its own version of the Vix . Might check that |
Should be flyingGolds just shy of 45 dollars till 3000 |
so the sell off on 17th can be attributed to increased short positions.. as has been noted previously the funds could be using the go short on Miners vs. long PM’s
Ultimately still means HOC being sold down regardless of what Gold is doing so investors need their wits about them
We’re still in a huge bull market last I checked and by no means anywhere near a top imho |
In other words auson, i suspect, today the cfo could hedge something like a min price of $2800 and a max price of spot -$50. Then if the sky falls in and gold rockets to $5000 only achieving $4950 per ounce wouldn't bother me a bit. |
Yeah spot on sotolo. The major question marks are all self inflected by bad management.
Lets hope buffets and mungers "a business so good an idiot could run it" holds true in this case |
It is making sense. Miners look forward and the recent pullback shows their shareholders expect gold and silver to fall - they may be right they may be wrong. On top of that the market doesn’t trust Hochschild for many reasons, over the years, like ‘giving’ us Alclara shares when done as a dividend that meant we paid more tax than they are worth to the recent unexpected and unheralded cost overrun. If the finals in March have no more surprise and a bit of optimism plus the renewed dividend, and gold and silver hold up, then Hoc should rise. However does depend partly on far better PR telling this story better, keeping us in the loop, and so the company over delivers imho |
Do you think large gold hedges will be placed soon spanning next 5years?
There is a big disconnect with the gold price and hoc's valuation. If the majority of current gold production is hedged at $2900 -$3000 or other hedging strategies with a minimum $2900 and some off top when spot exceeds that.
When you're trading far enough below intrinsic, is it not tempting to do some suboptimal actions to eliminate risk. As silly as I think our valuation is, if $2900 was locked in for 5 years I dont understand how this could rationally be trading at £1b. |
Gold back to all time highs and silver flying . So Fridays fall has been totally closed yet Hoc price fall hasn't . Not making any sense whatsoever . Over 210-220 should be the minimum today or this week |
And a good sell at 191p today.;)) |
Was a good buy at 186p yesterday. |
No news is good news |
He's a shorter knockknock;)) |
Depends on your patience |
How come you're here, Putinaire??? ;))) |
Devoid of any logic this price action . Markets for you |
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