Hochschild Mining Share Discussion Threads

[richkid71] 21/1/2018 18:20

DT I think you need to refrain from attacking people who’s opinions differ from your own.

We get Bitcoin is your new baby and HOC is not performing in the way you would have liked. We are all a bit disappointed. Hoc clearly won’t perform in the same way as bitcoin. Bitcoin is way too much of a gamble for a lot of people, me included but please don’t pretend you understand bitcoin as even the experts don’t.

[dt1010] 21/1/2018 18:01

One day you say 'lol' but it went from $1000 to $20,000 last year so is still up 11 times since Jan 2017

Where as gold? Up what? 10% wow what a big deal.

Don't deride something you clearly haven't benefited from! And clearly don't own or understand!

Gold is going to dip now and take HOC with it.

wake up.

[onedayrodders] 21/1/2018 12:10

GLD continues to be over-valued to alternative "safe havens."

What other safe havens ! cyrtos ? .. yeah bitcoin halved in value in week LOL

[dt1010] 21/1/2018 10:17

We have some downward action ahead short term me thinks.

Is It Different This Time? $GLD

[charles clore] 19/1/2018 19:04

If coinbase cant do it you transfer it to another exchange that can

[goldenshare888] 19/1/2018 08:52

Not sure I agree shakey, HOC leverage to rising prices is excellent due to higher production costs than others.

Again, it is counter intuative but a valuable lesson learned long ago in this sector.

If you think Gold & Silver prices are going to rise, then HOC is a better bet than say FRES where production costs are lower.

All personal choice of course.

I remain long HOC.

NB. I know there are other great companies out there and I have holdings in those too; However, HOC has to be a Tier 1 holding for me, due to exceptional outperformance in a rising PM environment (which is long overdue and now imminent, in my view).

[shakeypremis] 19/1/2018 08:47

It's not the sector GS888 it's certain companies like HOC that while they are still fantastic companies there are better opportunities out there to capitalise on rising PM prices. Especially if the rises are gradual and choppy like we are seeing so far.

[goldenshare888] 19/1/2018 08:28

Longterm bulls reducing.....what better contrarian indicator could I have!

I am doing the opposite and deploying further capital into the sector.

[darrenp746] 19/1/2018 02:07

Just wondering how you convert you bitcoin to cash if required DT, hope you're not with coinbase

[richkid71] 18/1/2018 21:56

If we take your advice DT on bitcoin like your advice on Hoc.....

[onedayrodders] 18/1/2018 21:50

dunno DT ... looks like a dead cat bounce in cryptos

[dt1010] 18/1/2018 21:25

Big gains ahead for Bitcoin. $25,000+ by year end

HOC is just dead. Such a shame. Though I haven't sold a single share.

337p and I am gone.

[topicel] 18/1/2018 17:05

Well, for the record I was reducing into production data as the share is rangebound and not likely to get much assistance from PM prices either as they seem to be capped pretty much too.

As has been said, inflation is not applicable to gold and silver prices it seems and if/until we see a change in that I can not be a full holder any longer.

I'll maintain a small interest for now, but glad I sold 3/4 for 250p ten days ago. Same goes with Fresnillo, it goes without saying.

Topicel

[lauders] 18/1/2018 15:36

shakeypremis - I can appreciate your feelings. I still believe that Christopher Aaron talks a lot of sense and he hasn't been too far off the mark yet. His latest video from today is a helpful reminder of the story. If you and I can keep or sell finger in check and wait until later this year (October/November?) then hopefully we will be well rewarded. I am trying to be patient and see how things unfold but I know I need some funds just before mid-year and so I am not sure what I will have to sell in order to generate those funds. If I can hand on to the majority of my remaining HOC I will do so. All this waiting has to pay off sometime and while I am still in profit I am sure that there is more to come providing I can wait long enough. Good luck whatever you decide!

[ifthecapfits] 18/1/2018 15:32

We shall see. I'm happy to hold.

[banj] 18/1/2018 12:18

I think that's it Mike. We are linked to the PoS and PoG. Simple as.. Appears range bound 240 to 260p until those price break to the upside or down. Could be a long wait...

[nav_mike] 18/1/2018 11:45

I guess people are gradually giving up the ghost on HOC :(

The presentation yesterday afternoon had no positive effect, and guidance for 2018 wasnt exactly exciting.

Seems to be well run and cash generative, but hard to see where big gains will come from unless metal prices go higher

[shakeypremis] 18/1/2018 09:40

Hunt mining does look interesting to be fair. With improving precious metals prices and so many up and coming and undervalued producers out there I do wonder at times what I am still doing in HOC. Nothing is going to shift the share price here barring a surge in metal prices. Could have made a lot of money selling HOC and buying some undervalued producers and soon to be producers. Going to have to reevaluate why I am here over the next few days.

[lauders] 18/1/2018 00:58

Well I must admit I reduced my holding by 13% before the RNS just to be safe as my experience with recent HOC RNSs is one of disappointment. Perhaps I should have taken more off the table? Anyway I hope HOC will "do the business" when gold and silver become the talk of the town one of these days, whenever that will be! Just need to replace crypto chatter with gold and silver instead and we will have "made it" ;-)

I see that it is not all doom and gloom with the investing community when it comes to HOC, although I am uncertain about the "retire" part:

Here is another mining stock that could help you retire early.

All that glisters

Hochschild Mining (LSE: HOC) is a relative minnow with a market cap of just £1.24bn and is even more volatile. It is up an incredible 500% over two years, mostly due to a strong 2016. It is up only 5% over the past 12 months, with profits undermined by increased costs. Do not expect it to carry on four-bagging.

This morning’s production report for the year ended 31 December saw CEO Ignacio Bustamante reporting that it has “once again delivered a historic year of production with output growing for the fifth consecutive year”.

Silver machine

Total 2017 production was a record 513,598 gold equivalent ounces and 38m silver equivalent ounces, including 254,932 ounces of gold and 19.1m ounces of silver. Costs and capex for 2017 should meet expectations while the group’s financial position is “very robust“, as it completes early repayment of its bonds over the coming days. Bustamante also reported “encouraging results” across its brownfield exploration programme.

Its cash balance has also strengthened to hit $256m at 31 December, up from $140m one year earlier, net debt falling from $183m to $97m over the same period.

Hochschild’s share price is down 1.13% at time of writing. Given its forecast valuation of 38.2 times earnings, I can see why. RBC Capital recently downgraded the company due to its valuation, although it said the story remains “compelling“. Much depends on the progress of its exploration programme. However, forecast earnings per share growth of 69% in 2018 and 21% in 2019 point to a shinier future. Maybe wait for a cheaper entry point.

BHP Billiton would be my preferred stock, a big solid dividend payer that could help underpin a comfortable retirement and give you the financial independence you crave.

FWIW from TMF:

PS. HOC get a couple of mentions in this piece with McEwen but some interesting Ag information:

[richkid71] 17/1/2018 20:35

Absolute pants.

[shakeypremis] 17/1/2018 20:34

lolololol, I've only just noticed that gold had made it's way up to $1340 today and then bang, smacked down $12 dollars.

[shakeypremis] 17/1/2018 20:19

Probably going to be a very bad day for HOC tomorrow if metals don't recover.

[shakeypremis] 17/1/2018 20:18

It's like the dollar never really fell. Just battering gold and silver relentlessly.