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   Gold/Mining/EnergyHARMONY GOLD MINING -- HGMCY


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To: Traveling Man who wrote (245)7/23/2002 3:59:35 PM
From: lightwave51
   of 271
 
Gold stocks looking like Tech stocks today.<g>

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To: lightwave51 who wrote (246)7/23/2002 4:35:40 PM
From: Traveling Man
   of 271
 
Hope it changes soon!

TM

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To: POLARBEAR who started this subject7/25/2002 1:08:11 PM
From: ild
   of 271
 
Anyone thinks that Harmony will have good earnings this quarter?

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To: ild who wrote (248)7/25/2002 1:33:26 PM
From: Frederick Langford
   of 271
 
Harmony Story on possible short squeeze.

A brief joint-statement issued this afternoon said another 4.8 million of Simane's Harmony shares had been made available to a scrip lending pool and where to be returned to Simane by November.

This effectively means Khumalo was lending Simane's Harmony stock - which he was precluded from selling or encumbering - to traders who had short sold Harmony shares (sold shares they did not own). He will now have to call in his loans and return the stock within two weeks, according to the agreement brokered by the government. "Subsequent to the discussion held between the representatives, it was agreed that within a period of 14 days the total amount of 10.8 million shares should be returned to control of Simane," said the statement.

mips1.net.

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To: Frederick Langford who wrote (249)7/26/2002 4:27:10 PM
From: Toby Zidle
   of 271
 
Why has miningweb.com deleted your link? Could the story have been a hoax?

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To: Bill McCabe who wrote (214)7/26/2002 4:31:02 PM
From: Toby Zidle
   of 271
 
"I still believe we will be at a minimum of $25 by
August ( earnings will be out 8/5/02 )."


August is less than a week away and HGMCY is a mere $10.01 and sinking.

Would you like to revise your prediction?

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To: Toby Zidle who wrote (250)7/26/2002 4:54:01 PM
From: Frederick Langford
   of 271
 
I have no idea. I got the link from 'The Vet" on Dave Gore's thread.

Fred

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To: Toby Zidle who wrote (251)7/27/2002 6:58:22 PM
From: Bill McCabe
   of 271
 
Toby, based on the last 2 weeks activity
I would like not to make any prediction as
HGMCY has been extremely volitile in both
directions.
HGMCY still appears to me to be a good
company with good earnings but I guess in
these markets it does not matter.

Bill McCabe

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To: Toby Zidle who wrote (250)7/28/2002 2:31:07 PM
From: Jerry Miller
   of 271
 
Hi Toby,

the story isn't a hoax.
a huge short squeeze in the stock is a very real
possibility, very soon.

"This effectively means Khumalo was lending Simane's Harmony stock - which he was precluded from selling or encumbering - to traders who had short sold Harmony shares (sold shares they did not own). He will now have to call in his loans and return the stock within two weeks, according to the agreement brokered by the government. "Subsequent to the discussion held between the representatives, it was agreed that within a period of 14 days the total amount of 10.8 million shares should be returned to control of Simane," said the statement."

this link should work:
mips1.net

if it doesn't, try this one:
theminingweb.com

the full story, as each was written can be found near the
bottom of the page, on the left (after scrolling down).

the heading is " 7M HGMCY shares missing".

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To: lightwave51 who wrote (246)7/31/2002 2:00:02 PM
From: lightwave51
   of 271
 
11:30AM Lehman says gold stocks not cheap despite recent fall ($GOX) by Tomi Kilgore
Analyst Peter Ward at Lehman Bros. feels that despite recent weakness in the gold sector, the reward-versus-risk profile is still "unfavorable." Ward noted that the price of gold averaged $312 per ounce in the second quarter, the highest quarterly average since the third quarter of 1997, but most companies he covers posted "meager" earnings. He believes gold stocks have already discounted a "significant and sustainable" rise in gold prices but thinks it will prove "unsustainable," given that the current strength is being driven primarily by the buyback of producer hedge positions. "For some time, there has been a perception that gold stocks are effective portfolio diversifiers in down markets. We respectfully disagree," Ward added. "Despite recent weakness, the overall U.S. equity market has performed much better." The S&P 500 Index ($SPX) is down 8.30 points at 894.48, a decline of 16.2 percent since the end of May. Meanwhile, the CBOE Gold Index ($GOX), currently down 0.3 percent, has now lost 27.5 percent.

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