Hochschild Mining Share Discussion Threads

[stevea171] 21/8/2017 22:50

Hochschild Mining Joins Forces with Cobalt Power Group
PR Newswire
Aug. 21, 2017, 06:00 AM

TSX.V:CPO

VANCOUVER, Aug. 21, 2017 /CNW/ - Cobalt Power Group Inc. ("CPO") (TSX.V: CPO) is pleased to announce that it has entered into a letter agreement with Hochschild Mining Holdings Limited ("Hochschild") to establish an alliance pursuant to which Hochschild will initially invest the sum of USD$500,000 in CPO. This investment will be through a private placement subscription for units of CPO. In conjunction with the subscription Hochschild will receive additional rights including (1) the right to one director on the Board of CPO; (2) the right to option and joint venture one of CPO's properties with the property to be selected in the two years following the initial investment by Hochschild, and at Hochschild's sole discretion to determine; and (3) an annual right to top-up to its percentage interest in CPO.

Hochschild will subscribe for 4,886,538 units of CPO at a price of CDN$0.13 per unit. The USD$500,000 subscription amount will be converted into CDN funds at a conversion rate of USD$1.00 = CDN$1.2705 which equals CDN$635,250. Each unit will consist of one common share and one half of one non-transferrable share purchase warrant, with each one warrant being exercisable to purchase one additional common share of CPO over a period of two years from closing at a price of CDN$0.30 per share.

The proceeds of the private placement will be used by CPO to expand its existing portfolio of properties and to further explore and develop its mineral property interests and for general working capital.

At the closing of the private placement, Hochschild will be appointing a director to the Board of CPO. As such, CPO has agreed that for as long as Hochschild holds a minimum of 5% of the issued and outstanding shares of CPO, Hochschild will be entitled to one director, and management of CPO will include Hochschild's nominee on management's proposed slate of Directors to stand for re-election to the Board of CPO at each Annual General Meeting of Shareholders of CPO.

The right granted to Hochschild to option and joint venture one of CPO's properties provides that Hochschild may select in its sole discretion a project held and being explored and developed by CPO for joint participation. If a project is selected for participation over the next 24 month period, Hochschild will reimburse CPO for 20% of CPO's cost of exploring and developing the selected project and credit CPO for the remaining 80% of expenditures towards a joint venture participating credit. Thereafter, Hochschild will be entitled to earn a 60% interest in and to the selected project by making work expenditures of CDN$6,000,000 over a four year period. Once the 60% interest has been earned, Hochschild and CPO will jointly contribute to the joint venture work expenditures. Full terms will be set out in a joint venture agreement that will be subsequently negotiated and that CPO and Hochschild have agreed will include these key terms.

Annually, Hochschild will be able to top up its shareholding interest in CPO in order to maintain its percentage interest in the issued and outstanding share capital of CPO. The top up is optional and would be exercised through further private placements to be made at the 20 day volume weighted average market price of CPO's common shares as traded on the TSX Venture Exchange subject to the application of the minimum pricing policies of the TSX Venture Exchange.

The terms of the private placement and incidental rights granted to Hochschild are subject to prior TSX Venture Exchange approval. The common shares and warrants to be issued will all be subject to a four-month statutory hold period. Closing of the Offering remains subject to receipt of all necessary regulatory and TSXV approvals.

"We are delighted to become associated with a reputable mining house like Hochschild and welcome them as our strategic partner in Cobalt, Ontario," Dr. Andreas Rompel, President & CEO, commented. "Hochschild's extensive experience in mining and treatment of steeply dipping, narrow epithermal veins will be of paramount importance in the development of the Smith Cobalt project and adjoining lands."

About Cobalt Power Group Inc.

Cobalt Power Group Inc. is a publicly traded Canadian exploration company listed on the TSX-Venture Exchange and U.S. Pink Sheets (TSX-V: CPO, OTC Pink: CBBWF) focused on cobalt exploration and development. The company plans to acquire, de-risk and advance assets in mining friendly jurisdictions prior to seeking joint venture partnerships.

The Company has made a series of strategic property acquisitions over the past year, seeking cobalt mineralization near Cobalt, Ontario - a region with a long history of silver and associated cobalt production. Property holdings total 863.6 hectares (2134 acres) in contiguous and strategic claim blocks. There are several historic mining operations on the properties that are potentially accessible, including the Smith Cobalt shaft and its underground workings.

On behalf of the Board of Directors

"Andreas Rompel"

______________________________
Dr. Andreas Rompel, President and CEO

Cobalt Power Group Inc.

www.cobaltpowergroup.com

hxxp://markets.businessinsider.com/news/stocks/Hochschild-Mining-Joins-Forces-with-Cobalt-Power-Group-452626

[topicel] 21/8/2017 22:22

Lol, I think he said what he's gonna do...house builders!

Kinda weird to sell on the down slope of this latest roller coaster but that is what many have done by the looks of it.

Nobody has patience any more...

Topicel

[shakeypremis] 21/8/2017 20:11

Value King, have you not seen the graph of this share's price since December last year and the low of about 180p??? It's up nearly 50%!!! (and has been up nearly 100% at as recently as a week or two ago. Yes this is mega volatile but that's what happens when you invest in PM miners who have to deal with price manipulation and the gold price being a proxy to the economic health of the world (mostly the US, ridiculous but what you gonna do about that).

[onedayrodders] 21/8/2017 20:08

famous last words

;o)

[value king] 21/8/2017 18:39

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.

[onedayrodders] 21/8/2017 16:34

similar share price action of FRES today

[juju44] 21/8/2017 15:30

PMs not being allowed to go through those key levels

[shakeypremis] 21/8/2017 14:40

Gold going up, but HOC going the other way. Time to buy more perhaps down at these sale prices.

[edjge2] 21/8/2017 14:37

If NK do not do something they are fast becoming laughing stock worlwide, will their vanity stand that. Gold hopping up to 1290

[february 30th] 21/8/2017 11:59

I think the worst event for PMs would be Donald Trump resigning or being assassinated. Short-term spike, but there would then be a prolonged smash, as people would have the perception that things were back to normal.

As for NK, I doubt it is of any long-term importance, in terms of PM prices. But then everyone with any sense is expecting it to blow over - which means that outright war would be an unexpected event.

[topicel] 21/8/2017 11:35

Feb 30th, fair points.

The out-of-left-field events are the ones we should look for...are they all to the upside? I think so, but perhaps consideration of threats and failures could be a wise move too?

Any thoughts? Try as I might the only scenario which would be bad for PMs is a swift resolution to the debt ceiling and the D.C. chaos suggests that is unlikely. It won't come to the fore either until the politicians are back in town.

My only other worry could be the sudden decision of NK to talk...as I can't imagine the other alternative is viable. I know some here disagree and expect more tension ahead in that theatre, possibly even today!

Presumably war games are underway. Note how little MSM are bothered about it now! Seems we care more about Sir Bruce!

Topicel

[february 30th] 21/8/2017 10:00

Why would one expect a quiet week, in a meaningful sense? If one expected a noisy week, then the expectations would be covered by TPTB. Events that might have a lasting impact on PMs, whether economic or geopolitical, come out of the blue, and are not part of anyone's calculations.

Military exercises will continue in Korea, China and India will continue to face each other off in some remote Himalayan location that few of us have heard off, Italian banks will continue to trade.

[stevea171] 21/8/2017 09:41

Topicel. Yes, expect a quiet week or so politically until the pols come back from hols.

Boris. Yes, agree the intraday spike needs confirmation by a closing day or two above $1300. But we are back pressing the cartel who can't hold the line forever .... (one would have thought!)

[boris cobaka] 21/8/2017 09:30

stevea171 - $1301 may have been broken intraday but it's not confirmed. You'll often find key areas of support /resistance are broken intraday or sometimes even on a closing basis. This is done deliberately or engineered as such to entice selling or buying before the position then reverses. The best example of this was with gdx back in Dec 2016. Broke to a new lower low smashing resistance and then look what followed.
This can be managed up to a point or at least until either selling or buying pressure is at such a level that the attempt to control is overridden.
At the moment buying pressure has remained fairly strong so any dip appears to be bought into. Ultimately the ol' head fake will only work maybe once or twice before demand is too strong.

[topicel] 21/8/2017 08:55

Probably too quiet internationally and politically for much to happen until next week Stevea.

NK has been reigned in and the Jackson Hole shindig will interest markets more than anything else going on but, just maybe, the dollar will continue down against the Yen and we revisit 108 which the NK spat touched ten days ago. That, as we know, will trigger gold and silver once more to be bid up and $1300 could come to fruition and hold.

I still hark back to the evening Trump was elected and the true direction taken by gold and silver before massive amounts of money forced a reversal. I believe gold hit $1343 briefly in quiet overnight trading...

Finger in the dam is still just working. HOC and other PM miners will react upwards soon enough again. The differential this second half per ounce must be soon back in their favour compared with 2016....

Topicel

[juju44] 21/8/2017 08:48

HOC indicators now on the floor - very oversold . Price is on the 200dma which should give support . It left a gap on the fall 320 to 300 p . We could see the floor with a rise to fill the gap so I have bought

[stevea171] 21/8/2017 08:40

We saw gold $1300 on Friday. Will we see it stick this week?
The cryptos and base metal rises are indicating gold and silver will be next. Gold leading silver for now ...

[edjge2] 21/8/2017 08:30

Market seems to need an incident before it reacts. Hope that doioes not arrive.

[stevea171] 21/8/2017 08:21

The average person is totally ignorant of the insoluble risks facing the world today.
Most assets will decline by 75% to 99% in real terms. This includes the bubble markets financed by the credit boom and money printing such as stocks, bonds and property.

[glenkaz] 20/8/2017 19:38

Why don't they take the fat b/stard! Out! 🤡👍

[onedayrodders] 20/8/2017 18:39

Kim's got out the wrong side of the bed again



I did say

[lauders] 20/8/2017 11:47

I hope we are nearer 888p Topicel ;-) Still a long way to go. Have you seen the results webcast anywhere? I can't see it on the HOC website. Want to watch and listen while I have a chance.

Edit - Found it on the press release:

[topicel] 20/8/2017 08:55

Lol Lauders, at 1525 HOC will be nearer £7 than mucking about with £3 mate!

Let's leave WW3 and just have a major downturn in the USD due to US debt ceiling concerns and potential government shutdown. Plus another dose of Trump impeachment games as the swamp returns to D.C.

Still worth watching the reaction to war games in SK tomorrow too perhaps?

Topicel

[lauders] 19/8/2017 02:05

Another good video from Aaron IMO. If his charting and analysis is any way accurate he thinks if we hold 1260 gold then there is a good chance we will be targeting 1525 gold without things getting as bad a World War III etc.... If the metals do increase by such percentages then even HOC, after it latest disappointing results, should be lifted with the tide.