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Guest Post: Sam Bottell on silver play Hochschild - was I wrong?

Tom Winnifrith
Tuesday 12 March 2013

I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a piece on FTSE 250 listed Hochschild Mining. Sam writes...

It has not been the greatest call of my career.  I rated shares in silver miner Hochschild Mining (HOC) as a buy here at 424.9p less than two months ago.  The shares now stand at 352p and self-evidently there is a bit of egg on my face.  Was my call wrong?  Are the shares even cheaper today?

To be fair to myself one of the attractions of buying this company is that it is the only serious, well managed pure silver producer listed in London.  That still remains the case.  Those of us who are long term silver bulls can buy the stock and as silver increases sharply during the next few years we will inevitably gain.  However we must accept that there will be periods when the silver price retraces during its long term uptrend and Hochschild shares will retrace in line with that.  Day one of those silver price retracements occurred just after I published that buy tip.

on TradingResearchPoint | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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