Hecla Mining Co (HL)

[ironyman]

One EMP and Bitcoin is gone.

[ironyman]

I’m pretty sure Phil could pull a silver dollar out of his ear. We all know Jamie Dimon can’t do that!

[ironyman]

wow, not one comment about the dividend schedule.

Me- I would rather see a stock buyback with an honest share reduction......and a management who actually holds onto their shares.

[seventhcircle]

was 6.20 last week. should see big rebound in coming weeks.

[seventhcircle]

Grabbing a few for a swing.

[Howard Roark]

Hecla is cash rich and in a good position to succeed. $HL

[Snide Sniper]

$5.73 at close on 3/24/2021

That is very possibly the low for a long long time.

$5.50 would be bottom of the bottom from a technical standpoint.

Silver is fit to EXPLODE... no way HL stays this low.

$10 by end of Sep

[ironyman]

While Phil is doing interviews and looking much older.....the stock ain’t doing squat.

[ironyman]

Interesting that AG just bought Jerritt Canyon, makes me wonder what is going on with Hecla? The stock is stalled for some sort of reason?

[ironyman]

Lander County is a great place for a new open pit mine.

[ironyman]

How much more Phil can this company take?
1. Klondex aka BreX junior
2. Lucky Friday strike
3. The Montana mess
4. The mythical mining machine
5. Derivatives....Because we know more than a Wall Street banker
WTF!

[ironyman]

I’m still seeing 30 to 40% premiums for eagles over spot. It must suck to be Phil as the miners get none of this.

[ironyman]

Swing time

[nowwhat2]

Huge day for Hecla - High 7.44 Low 6.68 Last 7.36 +.50 (7.3%)

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=hl&x=34&y=14&time=100&startdate=1%2F4%2F2020&enddate=3%2F10%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

The Robinhood Bizzaro Day



Most buying took place at just under 7.00

[ironyman]

It’s good to be wrong. I’m in for the long haul.

[akgoldminor]

But, what a nice wash, rinse & repeat day to trade HL!!

AK

[ironyman]

Here we go again....Silver almost 28.00....Then in the AM, Silver gets sacked.

[ironyman]

The big problem is that they lost 40 million dollars in some stupid derivative deal. WTF.....Phil needs to go. .....it’s like this is a circus clown car.

If they get rid of Phil, the Montana mine can move forward.

[Bobwins]

The big problem has been lower gold production. In spite of being a big silver producer, higher gold production in 2019 provided a nice boost that lessened in 2020. Guidance for gold in future years is a slow decline. Total production forecast for the next few years is pretty flat for all metals. Nevada has been a big miss. Few encouraging comments about Nevada that would lead to production again.

If metal prices take off, Hecla will surely benefit but there is no dramatic organic growth forecast. This means that Hecla will live or die based on future metals prices. That's always the case but Hecla needs to find a growth vehicle. I guess that was what Nevada was supposed to be.

[ironyman]

Now we see why Lindsey is retiring. Losses on derivatives.

[akgoldminor]

HL is always a crapshoot. Y/Y revenue should be about a double, but earnings are always tough to gauge. Cash equivalent position should be doubled as well to $135 million. I'm looking for acquisition news. With PMs down so much lately, it's up in the air. GLTY

AK

[Hank Kerchief]

My pleasure.

Any ideas of what to expect earnings wise for Q4? wasn't Q3 pretty good?

[akgoldminor]

That was a great listen. Thanks Hank!!

AK

[Hank Kerchief]

I never heard of this guy but this is a very interesting interview IMO.

[ironyman]

This will really be interesting to see if a good report can overcome the monthly Comex beat down.

[nowwhat2]

nowwhat 2021 . . . .. What the bleeping heck . . . .

http://ih.advfn.com/stock-market/NYSE/hecla-mining-HL/stock-news/84149451/hecla-2020-results-conference-call-and-webcast-and



Intriguing timing

[ironyman]

This sure isn’t acting like a stock which is about to receive a good earnings report. Boy, does one have to trust their numbers.

[akgoldminor]

Last qtr they reported the night before, so maybe tomorrow night we'll have financials.

AK

[ironyman]

Spot at 27.90 and based on the London/SLV news, it will be 28 plus in the morning. ....Going to 30 spot soon,and that will likely blow up some bank or banks.

[Bobwins]

Sounds like physical is getting tight. Utube videos over the weekend say that 1,000 oz bars are tough to get. That's usually what mints and industrial users order and have been in ample supply. Real tightness showing. Going to be hard for futures traders to keep dumping price and not reveal their game of shorting without physical to back it up.

Maybe hedge funds start demanding delivery from Comex at the artificially low prices. The paper game could be ending. They can still resort to not delivering physical and paying in cash but that would spell defeat because then the cat would be out of the bag.

[akgoldminor]

Yes, very interesting indeed!!

AK

[ironyman]

Every post at Reddit is about purchasing physical silver. 25,000 members and they all want to give a special message to Wall Street.....Tuesday looks to be very interesting.

[ironyman]

Silver spot up to 27.39 and going much higher. First quarter earnings for 2021 should have a huge increase.

[akgoldminor]

Only 11% sold short yesterday. Vanguard upped position. Reports in 6 days. 8% move this morning.

AK

[nowwhat2]

Strong chart ?....Yeah - I think so - See also post this replies to

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=hl&x=0&y=0&time=100&startdate=10%2F1%2F2019&enddate=2%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9


Cheers

[ironyman]

Morgan dollars are over 45.00......This should be soo much more.

[ironyman]

Did you see the part where Hecla has a 4% royalty for some portion of the project. More interesting is that Kaplan went full charge with Gato and not with Sunshine.

[akgoldminor]

Thanks Ironyman. Interesting but VERY lengthy read. Will look at it more later. Definitely like the proximity to LF and HL has the money to do it. Perhaps your speculation will come true sooner than later!

AK

[ironyman]

Hey AK,

Try google for “ Technical report for Sunshine Mine”......!

[ironyman]

Great article.

[HONU]

Great article for those new to or even experienced in the Silver sector or HL.

https://goldsilver.com/blog/the-two-largest-sources-of-industrial-demand-for-silver-are-about-to-explode-higher/

[akgoldminor]

Totally agree

AK

[ironyman]

Should be four times book value. (12.00)

[akgoldminor]

Nice move up 12% from the low!!

AK

[ironyman]

Did anyone else notice that they plan to electrify the entire government fleet. ....and they won’t use any silver, not even one gram.

[akgoldminor]

2 weeks til earnings. Get'em while they're hot!! We'll be back to $7 before you know it.

AK

[ironyman]

The information can be found on the CME site. As for why Brinks would bring in and out the same quantity, I’m sure there is a huge demand any unencumbered silver at the moment. JMO

[Hank Kerchief]

That is interesting. Why would they bring it in and then out? Why show up at all? And how do you know? Thx

[ironyman]

Interesting that CNT had a large outflow today. Everything Brinks brought into the CME went right back out.

[akgoldminor]

Absolutely correct, Irony. Took a huge profit on the run yesterday and bought it all back today at a great discount!! There were multiple opportunities in producing miners which I took advantage of.

AK