InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,827.04
(
-1.54%
)
US TECH 100
20,263.20
(
-1.69%
)
Dow Jones
41,938.45
(
-1.63%
)
Brent Oil
79.29
(
0.00%
)
Bitcoin
94,518.75
(
-0.20%
)
Post# of 35832
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Bobwins

Send PM Follow Ignore
Followers 556
Posts 17451
Boards Moderated 42
Alias Born 10/21/2003

Bobwins

Re: None

Friday, 07/10/2020 10:55:55 AM

Friday, July 10, 2020 10:55:55 AM

Post# of 35832
HL +.20 to $5, Hecla is up strong for the second day. Production report must have leaked as yesterday stock was up over 10% early.

https://finance.yahoo.com/news/hecla-reports-strong-production-cash-093000631.html

Bought some HL 9/20 options with $4 strike yesterday at .49. Expecting silver to outperform in the short term.

Hecla is run pretty conservatively and this has probably helped them in the short term. They reduced line of credit to $50 million from $200 and expect to payoff by year end. They still had $67million cash after paydown, signaling strong cash generation. Silver production was up 13%, while gold was only down 1%, in spite of their two Mexican mines being closed for much of Q2.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

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.

Sign Up