Hochschild Mining Share Discussion Threads

[simonthe1st] 13/10/2016 16:00

Evening Standard snippet

"Silver miner Hochschild Mining shone on the mid-cap index, up 7.4p to 259.4p, after record third-quarter production prompted it to raise full-year output forecasts for the second time."

[goldenshare888] 13/10/2016 16:00

SimonThe1st,

I agree and keep buying the dips.

:))

[charles clore] 13/10/2016 16:00

john - Just a thought. I think Google could be one of those companies that is supported by the elite because it is so useful to their cause for the purpose of brainwashing the sheeple whereas silver most definitely has no place in their crooked global plan.

[simonthe1st] 13/10/2016 15:56

I'll be very surprised if HOC isn't over 300p before the end of October!

[johntrustee] 13/10/2016 15:49

Most funds cannot even match the index. It is a mystery to me why they perform so badly. HOC is staring them in the face now with a PE ratio of 6, an excellent quarterly report and earnings in dollars (up 20% in the past month). It can't be the absence of a dividend. Many growth companies like Google go for years without declaring one, and their shares still rise to great heights. It makes you realise what a sham all this City "Expertise" is. I still think 300p his year and 650 in 2017

[dt1010] 13/10/2016 15:39

SG doesn't short.

And no doubt wouldn't know how to if he wanted to.

[charles clore] 13/10/2016 15:10

Friend - the trouble is that although the share price has leapt ahead since January and the company has gone from AIM to FTSE 250, it still doesn't meet the institutions' requirement for yield and therefore it is not held as tightly as a stock that pays a healthy divi. Until it does I think the share price will largely track precious metals which, as you know, haven't done too well lately. When either pm's resume their upward trend or the full dividend reappears you won't see the price for dust imho.

[friendzarin] 13/10/2016 14:51

The trading bots have got this by the throat at the moment and seem simply to be shadowing the p m price prospects. Fair enough but this seems not to be giving due consideration to the improving prospects and performance that Hochschild is delivering within its peer group.

[simonthe1st] 13/10/2016 14:42

This is what happened to the HOC share price on 21/07/2016, the day on which the Q2 Mining Production Results were announced:

Open: 217

Lowest: 207

Highest: 226

Close: 220

One week later on 28/07/2016, the close was 272, an increase of 25%

No advice intended!
Do your own research!!

[simonthe1st] 13/10/2016 14:41

No doubt giggling all the way to the bank.

[saturdaygirl] 13/10/2016 14:39

Oh Dear

Its Gone Red ..

[goldenshare888] 13/10/2016 14:06

Exactly!

:)))

[daveas] 13/10/2016 14:02

Going by their last quarter 9.9 moz ag equivalent they should be doing at least 40 moz ag equivalent next year plus the ag coming out of Pablo .thats some growth profile

[dilbert dogbreadth] 13/10/2016 13:47

at 13:30 hrs.

[shakeypremis] 13/10/2016 13:45

Ah, a day would not be complete without gold and silver getting smashed again.

[simonthe1st] 13/10/2016 12:57

Bought more. Bargain - HOC will not remain this low for very much longer in my opinion.
HOC soared 25% in the week following the Q2 figures in July. I'll be surprised if gold and sliver do not bounce strongly during the week ahead.

[simonthe1st] 13/10/2016 12:39

These are truly fantastic figures!

[dt1010] 13/10/2016 12:38

Either way chip, this is cheap.

[chipperfrd] 13/10/2016 11:54

DB

It depends more on Gold than Silver actually.

By value, their gold reserves make up 52% of total and for their resources Gold makes up 75%.

Admittedly, silver should have a greater rise relative to gold as it's ratio to gold is still historically high, and that may re-balance the value calculations somewhat. But it does not change the high importance that gold production has with over 50% of revenues coming from gold sales.
Chip

[daybreakers] 13/10/2016 11:37

This is a good investment as a recovery play. My exit price is 500p. I will add on weakness but not yet. Depends on silver.

[topicel] 13/10/2016 10:28

A small divi was announced with intentions to resume increasing payments as the debt is dealt with...so yes, resumption is underway.

Today's production update and debt pay down is only bringing the time closer that HOC will be paying out substantial divvies as before.

Cyclical comes to mind. 2011 amounts in 2017/18?

Topicel

[johntrustee] 13/10/2016 10:24

I have always noticed how the analysts and fund managers seem to react very slowly to new, good or bad. This means they miss many opportunities. It maust be something to do with their internal protocols. The present situation with HOC is a good example. The company is a atar. Its executives took pay cuts in the difficult period. Tell that to the vampire insiders in the City. 300p this year, 650p in 2017, and if there is a bid the sky is the limit, above £5 a share. We should all go to the next AGM and shake the hands and congratulate the Board. That would be a rare event.