mwtb

So, this took a dive a couple of days ago. I'm looking at getting into some mining stocks (I'm already in silver with PHAG ETF). Is this now cheap, or dodgy?

After reading up on the reasons behind the slump, I judged it cheap (Concerns that they have no contracts and are only going to get market price for metals... in an apparent bull market? Hardly reason to wipe a quarter of the value of the company) and bought in as soon as I could this morning. So far, the market seems to agree with me, as it's up nearly 14% today.

Hochschild Mining(HOC)

 

Some of the Directors have been selling. Don't like to see that. I think it is due a rest, been overbought for a while.

 

13-Nov-07 Sell Roberto Dañino 440.00p 1,725,000 £7,590,000.16

13-Nov-07 Sell Alberto Beeck 440.00p 8,500,000 £37,400,000.81

So, this took a dive a couple of days ago. I'm looking at getting into some mining stocks (I'm already in silver with PHAG ETF). Is this now cheap, or dodgy?