Hecla Mining Co (HL)

[ironyman]

Hmnn,,,,I read that China is buying silver and the price goes down? Perhaps because they are on the other side of the world from me, things work in the opposite direction?

[ironyman]

That debt seems reasonable since they are paying it down….slowly. Short term debt was paid off recently.

If you think debt is a problem then look at Mountain Pass (MP)….750 million in debt, no profit, not even a dime in book value and its 34.00 per share.

[BottomBounce]

$HL Total Debt (mrq) 534.79M

[ironyman]

Has anyone crunched the numbers as to what the new forward PE might be?

[ironyman]

Yawn,,,,Silver and gold are up a little but the PM stocks have been beat down so far that no new money is willing to tnvest. JMO

[ironyman]

A. Clair retired two days ago……If you have to ask, don’t worry about it.

[ironyman]

Down 3% on two million shares. Manipulation!

[Canna_Business]

https://www.reddit.com/r/Wallstreetsilver/comments/ofgs02/silver_mining_stocks_fsm_mgqlf_and_hl/

[ironyman]

I was wondering when this would happen….Carlos Aguiar appointed VP, in charge of Lucky Friday.

Two items to note:

1. The union won ….One HATED mine manager and big Larry appear to be gone.
2. The workforce is more Hispanic.

What does crow taste like …..Phil?

[ironyman]

Perhaps Phil should consider a movie career......Then Montanore would be a non issue.

[Jerry70]

$ HL. Yes, everything changes so fast now so it's hard to figure from day today. Maybe things will look different in a couple of weeks. GO > $HL

[ironyman]

Dollar is up against everything but the Swiss Franc. PMs taking a hit. Total manipulation as earnings don’t seem to matter.

[Jerry70]

$ HL. The price of Gold & Silver are up today and the Earnings will come out on August 4th and these Precious Metal stocks move on gold & Silver prices and earnings so it should move back to over $9.00 in the next month IMO. Trades is showing it to be a up Thursday. GO > $HL

http://ih.advfn.com/stock-market/NYSE/hecla-mining-HL/trades

[ironyman]

Looks to run up past 8.00 rather quickly. ....I’m expecting some greatly improved results from Lucky Friday which should kick up the net income....as long as they don’t buy out another mine.

Time to put extra pins in the Phil doll....”No more buyouts”

[Jerry70]

$ HL. There are many that know that Silver is a good place to invest their money but most of the ones that post on the boards are into the triple and double type stocks but HL is a higher price stock that trades on the New York Stock Exchange so that is why it is always quiet around here but there are many shareholders and I have been one for many years. According to Market watch futures Silver will be up today. GO > $HL

https://www.marketwatch.com/

[ironyman]

Hello Jerry,

It’s nice to see someone so excited about Hecla. ......The common folk are just starting to se the inflation. Soon the heard will gather and start to move. ....Really, there is no good place to put your money but silver.Everything else is overvalued crap.

Oh the Irony!

[Jerry70]

$ HL. Is Weakening U.S. Currency Driving Gold Prices Higher 8:50 am ET June 29, 2021

Despite its recent slowdown, many analysts still see many reasons while Gold with not only stabilize but that it will indeed continue to rise. After falling below $1200 per ounce in 2018, gold rebounded sharply over the following 12 months, and a significant bullish trend began. Its yield increased by almost 20%, whereas its quotes went up to $1,556 per ounce. The rally continued in 2020. The COVID-19 pandemic increased the popularity of the precious metal as a hedging instrument, which has led to an increase in its price. Western investors' interest in gold led to an increase in its rate from a minimum of $1160 in the summer of 2018 to a record high of almost $2,073 per ounce. During this time, precious metal has become one of the most attractive financial assets on the planet. This year, the economic fallout from the pandemic and negative bond yields have driven a record $60 billion in gold ETF capital growth. This is twice as much as in 2009, at the height of the financial crisis. Active stocks in the mining markets this week include Golden Independence Mining Corp. (OTCQB: GIDMF) (CSE: IGLD), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), Hecla Mining Company (NYSE: HL), Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM), Franco-Nevada Corporation (NYSE: FNV) (TSX: FNV)
The pandemic has convinced investors that gold should be part of their portfolios. The precious metal has become a leading hedge against volatility in equity markets and negative interest rates. Gold turned out to be one of the most attractive assets in 2020. An article in LiteForex, an international broker, said that: "Large investors bought gold for protection against possible deflation in some countries, which could be the result of slowing economic growth and rising inflation in other countries as governments continue to pump liquidity into the economy. For instance, the American bank JPMorgan earned about 1 billion dollars this year from trading in precious metals (mainly gold). GO > $HL

[Jerry70]

$ HL. Could be getting ready for a Huge upswing from here IMO.

[Jerry70]

$ HL. I Like where HL is right now and the way it is trading.

[Jerry70]

$ HL. Thinking about adding some shares this week sometimes.

[Jerry70]

$ HL. Is gaping up from the $7.26 and may make a move tomorrow.

[ironyman]

One can see the pending growth of the Lucky Friday mine by the great many drill sites North of the surface operations..

[ironyman]

PM a prices have been robust and Lucky Friday production has increased such that this next earnings report will contain some uplifting numbers.

[cybermich]

imo medium, long term up..

short term, choppy.

[ironyman]

Oil at 72.00, silver anyone?

[cybermich]

Is that a question?.. lol

nice charts btw.

[cybermich]

Exactly:)

kind of ironic?:)

[nowwhat2]

What the heck ......











Jim Dines' Top Pick (about a year ago at $3.oo)


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164457014

[ironyman]

This current strength in the dollar is transitory.....Ha!

[cybermich]

fwiw..

I follow silver prices fairly close..
and some have been speculating that the dollar was set up for a "bounce" - as some of you know a strengthening in the dollar can mean weakness in silver prices..

HL being so leveraged to silver prices.. not surprising we are seeing weakness in the stock today.

The Fed's comments added to this easily predicted "bounce".. but in some folk's opinion this strength we are seeing in the dollar will be temporary.. (the longer term chart of the dollar is in a down trend) - and with all the money printing.. this should imo continue.

the data we are seeing on inflation.. coupled with the FED keeping interest rates low.. imo (from what I've read) should be good for gold/silver in the longer term.

When we get a weakening in the dollar (again).. this should/could be a signal for silver and gold to rally.

Some folks (me included) see the largest U.S. silver producer as a leverage to the silver price.

Anyone else consider this type of thinking when investing in HL? I'd be interested in your thoughts.

Cy

p.s. coincidentally, the silver price chart (on a historical/seasonal basis) on average shows weakness in June as compared to relative "strength" in July, August, September.

[ironyman]

Any thoughts about the chip shortage being related to the lack of silver? It’s obvious that the US mint is playing games, but I had thought that it was to stimulate private mint production.

[ironyman]

Lucky Friday has never been so busy.

[cybermich]

Don't be too sure:)

If you look at the "seasonality" chart for silver prices (do yourself a favor and look it up:)..

June is "seasonally" a month where silver doesn't perform well on "average".. however..

July, August and September silver tends to do very, very, well.

I would say that if silver takes a little dip this month.. it might be a good time to consider buying the dip..

since HL is highly leveraged to the silver price:)...

Good luck in your trades.

Cy

[cybermich]

I think these numbers are possible.. and they could come even earlier.. if we get that run in the silver price..

this is leveraged to silver big time..

the company is well managed.. and yes (imo) they will perform at the current silver price..

but just imagine 30 dollar silver.. 35 dollar silver.. 40 dollar silver etc.

Anyone who owns "options" at the right time.. will imo make a killing.

[BottomBounce]

Helca $HL too expensive now at 10 Year high.. Silver is trading sideways and down for the year.

[ironyman]

I have a vision.....There will be a new high between August 19th and September 4th! Wink.

[ironyman]

It’s just a matter of looking at the charts and performing some voodoo on a Phil doll.

[wannabewally]

(knock on wood/fingers crossed). You have no idea how much I want you to prove to be prophetic.

[ironyman]

Brag and predict:
. Purchased at 2.33, 18 months ago and said this was going to 9.00
. Looks to move up to 15.00. In the next two quarters
. Looks to be 30.00 a year from now
. Looks to be 42.00 two years from now

Back to sticking pins in the Phil doll.

[ironyman]

This little correction looks to have created a perfect chart. Could run to 15 with some luck.....Back to sticking pins in the Phil doll.

[ironyman]

Interesting.....Cate equipment might have a 40v.

[ironyman]

Yey....9!

[ironyman]

Come on $9.00.....Silver at 28.05!

[wannabewally]

Come on (far enough past) 9.00 that when it snaps back, it never goes below 9.00 again. Just sayin'...

[ironyman]

Come on $9.00

[ironyman]

Come on $9.00

[ironyman]

Just four more cents

[ironyman]

Come on $9.00

[ClayTrader]

* * $HL Video Chart 05-17-2021 * *

Link to Video - click here to watch the technical chart video

[ironyman]

Bet they buy the sunshine mine from Kaplan.