Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Bought a kilo bar of silver last Wednesday. Already up 3%. Yes, I think the PM's are going to move up appreciably. Hopefully a nice run up on HL before ex-div on Tuesday. Silver back over $25 this evening.
AK
2 actions filed by Montana state agencies currently pending before the Montana State Supreme Court. They are on Hecla's side.
AK
Don't see anything relative to the "bad actor" suit, even in Montana newspapers since 2018. I might give IR a call and see if they'll say anything.
AK
Note from the last financial report:
State and Federal agencies in process to release nearly $8 million in financial assurances as a result of meeting or exceeding regulatory requirements.
Don't see any reference to the litigation against Phil/HL. I'll dig some more.
AK
I like your conjectures! Up 6% from yesterday's buys, 3.8% from yesterday's close. We'll see where it ends up. Yes, they've been very quiet about a lot of things. Maybe some good surprises before Q4 report.
AK
I'd say 60%. They've been promising delivery before end of year for a long time. I trust counsel was smart enough to get some strong performance clauses in the manufacturing contract. The next six weeks will tell.
AK
Works for me!!
AK
And there's the 5% move back from yesterday's low!!
AK
Looks like the bankers and market makers want it to be a two day swing. Got the 5% move today, but no swing, so maybe tomorrow. If HL goes down any more, I'll have to beef up the suspension on my truck. It's almost overflowing with shares.
AK
You are correct, Wally. The bullion bankers and market makers have their way everyday. I've laid out how I perceive HL's action. All you have to do is look at the last two day's charts to see how to play this one. A long term hold will make you go crazy here, for sure. GL
AK
Well........I wasn't talking about 5 cents, but yes, up is good.
AK
And there's the 5% swing!! Pretty easy to make 5% per day.
AK
We'll see if the clockwork holds true again today. 5% from the low would put it at 5.29.
AK
Just like clockwork. 5% swing from low to close. I'm not making this up, it's daily occurrence!
AK
Wash, rinse, repeat. Sell at 5.70 and buy them back at 5.00. What an opportunity again today!! It's not HL, it's the PM market. The bullion bankers are crapping their pants trying to get out of a bad short situation.
AK
To each their own. Good luck with the light bulb and stuffed puppy.
AK
You're welcome. Not alot of us posting here, but it's a very positive board. Welcome to Hecla!
AK
Even I can't make that call, Hank. I always hold my core position and trade the swing daily which is usually about 5%. I make my decisions around 5 am each day, based on pre-market action, rumor, innuendo and a little bit of gut feeling. AND, I always read thoroughly through the financials. 5% a day really adds up over time. If I had to wonder a guess, though, I'd say buy. Hope that helps and you didn't hear it from me if it tanks Monday. If it does, BUY BUY BUY BUY!!
AK
67 pages long. Enjoy your weekend reading, Hank!
AK
Thanks, flemsnopes. It was a loooooonnnngggg read!
AK
Sure is!! Took nice gain on my 4.77's from yesterday :)
AK
Sorry for that quick drop earlier, guys. My fat fingers bit me again. Woe is me!!
AK
There's a little catchup for ya!! $5.25 up 10%
AK
As high as 3 times greater than Q2
AK
Yessir, quite! Per usual, 6% swing so took advantage of that! Nice bump after close.
AK
Signaling an acquisition. Maybe why they delayed Q3 report to the 9th.
AK
Another 5% swing today. It's almost too easy to make bank with HL. However, I would much rather be sitting under a palapa with a cold one than sitting here with 18 degrees.
AK
Aptly stated, Irony!! Don't think we'll see the beach this winter. Covid is REAL bad in Mexico. Woe is me. Guess I'll just have to stay in the cold dark north and make money with HL!
AK
For what it's worth department. Have continued accumulating. Excellent volume last week. Gold/silver firming back around 1900/24. Q3 in 8 days should be a huge plus. Earnings will be a tripling over Q2. Then doubling again by Q1. The value for shareholders is coming!
AK
BTW, Irony, I don't see any movement by shorts. What are you seeing? TIA
AK
All we can do is play the swings right now. 8% move down today made for another nice buyin. Back up 4% from the low. Play the volatility game here and hold long positions.
AK
Awesome!! Thanks, Paullee. Great pickup opportunity today again on very large volume. Can't help but wonder why HL didn't announce that?
AK
Analysts consensus moved to 6.73 from 6.61
AK
For traders, this volatility is great. And excellent opportunity to average down a little for longs.
AK
You know I do!! Still calling for 5.87 by month end. We've seen it move 15% many times before. We'll see. Anxiously awaiting Nov 5 for Q3 financials.
AK
Ironically, it's going to love him in about two weeks!!
AK
Gonna get fun over the next 3 weeks!! 5.87 before end of month, then more on financials which will be stellar.
AK
Agree with that. I'm sure you saw the 20% drop in short interest today? Jumping Jimminy tomorrow, Irony!! Looks like they wanted back in. And analyst target raised from 6.50 to 6.66.
AK
Lots of unknown surprises to come!! Increasing warchest portends acquisition news. Nevada will happen. Doubling of production again in 2021. New mining equipment coming from Sweden before EOY. PM prices should continue to climb, albeit slowly. 4th qtr bulk tonnage shipments realized in Q1. What's not to love!!
AK
No doubt Q3 financials will be stellar. The fact that over 80% of their sales are hedged is a bonus! Revolver paid off in full, cash equivalent reserves of over $100 million, Q4 and Q1 next year will be something to behold with Lucky Friday getting back to full production.
AK