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Old 05-21-2009, 05:02 PM   Nav to Top  #1
robert
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Default Hecla Mining Company (HL)

Links:
Company webpage
Google finance page

Summary of HL:
Hecla Mining Company is a provider of precious and base metals to the United States economy and worldwide. The Company acquires, develops, produces, and markets silver, gold, lead and zinc. Hecla Mining Company produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined gold bullion bars (dore), which may be sold as dore or further refined before sale to precious metals traders. During the year ended December 31, 2008, the Company was organized into three segments, which represent its operating units and exploration interests: The Greens Creek unit; The Lucky Friday unit, and The San Sebastian unit and various exploration activities in Mexico. On July 8, 2008, the Company completed the sale of El Callao Gold Mining Company and Drake-Bering Holdings B.V., its wholly owned subsidiaries, which together owned its business and operations in Venezuela. On November 6, 2008, the Company acquired Independence Lead Mines Company.

From the investor fact sheet:
- All silver reserves at long-lived operating mines in the U.S.
- Hecla produced 2.86 million ounces of silver in the first quarter of 2009, a 128% increase compared to the same prior year period.
- First quarter of 2009 cash costs decreased 38% to $4.67 per ounce of silver after by-product credits, compared with the fourth quarter of 2008.

Finances:
On 04/28/09 Hecla Reported First Quarter Profit and Reduced Cash Costs: Silver Production Increases 128%; Cash Costs Below $5 Per Ounce Silver

First Quarter Report Attached below. The bottom line is that they were in the

HL opened at $3.18, hit a low of $3.01, hit a high of $3.31, and closed at $3.27.

I'm not an experience chart reader, but it sure does look like it's about to go VROOOOOOOOM! And with the dollar tanking, this surely has to continue upward!


EDIT: I do not currently own any shares. I hope to buy some tomorrow when my funds settle... assuming it doesn't open high.
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File Type: jpg hl_fin.JPG (97.0 KB, 8 views)
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Old 05-22-2009, 01:06 AM   Nav to Top  #2
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Up $0.05 in the pre-market
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Old 05-22-2009, 06:51 AM   Nav to Top  #3
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Hi.

Got into these at $1.88 a little while back so loving HL right now.

They seem to be bouncing off resistance at the $3.35 level. Been tempted to sell at this price and buy back in lower although with my luck they will break it when I do.

Think I will hold these till we see last years highs.
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Old 05-22-2009, 07:46 AM   Nav to Top  #4
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Originally Posted by Sprinkles View Post
Hi.

Got into these at $1.88 a little while back so loving HL right now.

They seem to be bouncing off resistance at the $3.35 level. Been tempted to sell at this price and buy back in lower although with my luck they will break it when I do.

Think I will hold these till we see last years highs.
Very nice. Wishing that I knew about this company before this week. Oh well
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Old 05-22-2009, 10:18 AM   Nav to Top  #5
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thanks for the writeup, ive been watching this stock for about a month, and finally pulled the trigger today @3.35...lets hope I can pick up a nice gain like others have. GLTA
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Old 05-22-2009, 11:07 AM   Nav to Top  #6
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Originally Posted by Dcann0n View Post
thanks for the writeup, ive been watching this stock for about a month, and finally pulled the trigger today @3.35...lets hope I can pick up a nice gain like others have. GLTA
No problem. Looks like I missed the boat.
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Old 05-22-2009, 11:16 AM   Nav to Top  #7
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Nice avatar Sprink... how's the 'bunce' this week??
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Old 05-29-2009, 11:43 AM   Nav to Top  #8
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Up to $3.65 today. Never pulled the triger. *kicking self*
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Old 06-02-2009, 04:22 PM   Nav to Top  #9
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Default Hecla Mining's Future?

Robert,

What do you make of this "Private Placement". Do you think this will allow Hecla to better manage its debt?

When they made their "Public Offering" in February, HL lost 44% of its share price over the following 30 days. (Which allowed a small-timer like me to snarf up a couple shares!) Of course, the share price doubled over the following 60 days.

In their Q1 2009 statement, Chief Executive Officer Phillips S. Baker, Jr. stated, “We have a materially stronger balance sheet having repaid $48 million of debt since year end and $266 million since June of last year. We have substantially more liquidity with $26 million of additional cash than at year end, and our next principal payment of $15 million is almost a year away. We now have the time, liquidity and reduced debt level to enable us to consider all options to manage this debt.”

Earlier, in an interview with Mineweb, "I am pleased to say we have overcome the challenges of this difficult period. Hecla has repaid 70% of the debt and successfully worked with our banks to restructure the remainder,".

http://www.mineweb.com/mineweb/view/...9080&sn=Detail

Neither of the above two statements screams share dilution.

Maybe this is just the move HL needs to fully capitalize on the acquisition of Greens Creek. They also have reported "the largest annual increase of total silver reserves and resources in the company's 118-year history". With silver's value rising, maybe Baker thought this seemed like the best time.

I am a noob as well. (I'm not just a noob, I'm a bit stupid, too!)

I don't know the difference between a "private placement" and a "public offering". They both sound like porno movies to me. I guess it's another trip to investopedia for me.

Last edited by Johnny78; 06-02-2009 at 05:12 PM.. Reason: Fat Fingers, Low I.Q., Unfamiliar with U.I.
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Old 06-02-2009, 10:36 PM   Nav to Top  #10
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Originally Posted by Johnny78 View Post
Robert,

What do you make of this "Private Placement". Do you think this will allow Hecla to better manage its debt?

When they made their "Public Offering" in February, HL lost 44% of its share price over the following 30 days. (Which allowed a small-timer like me to snarf up a couple shares!) Of course, the share price doubled over the following 60 days.

In their Q1 2009 statement, Chief Executive Officer Phillips S. Baker, Jr. stated, “We have a materially stronger balance sheet having repaid $48 million of debt since year end and $266 million since June of last year. We have substantially more liquidity with $26 million of additional cash than at year end, and our next principal payment of $15 million is almost a year away. We now have the time, liquidity and reduced debt level to enable us to consider all options to manage this debt.”

Earlier, in an interview with Mineweb, "I am pleased to say we have overcome the challenges of this difficult period. Hecla has repaid 70% of the debt and successfully worked with our banks to restructure the remainder,".

http://www.mineweb.com/mineweb/view/...9080&sn=Detail

Neither of the above two statements screams share dilution.

Maybe this is just the move HL needs to fully capitalize on the acquisition of Greens Creek. They also have reported "the largest annual increase of total silver reserves and resources in the company's 118-year history". With silver's value rising, maybe Baker thought this seemed like the best time.

I am a noob as well. (I'm not just a noob, I'm a bit stupid, too!)

I don't know the difference between a "private placement" and a "public offering". They both sound like porno movies to me. I guess it's another trip to investopedia for me.
*shrug* When I refer to myself as noob, I SERIOUSLY mean it. I have no idea what any of this gobalegook means. But thanks for the info. Had no idea this happened. Seems like it created a sell-off. I will get a nice chance to buy in now. Granted I'll have to look into their operations a little more. I didn't realize they had debt to deal with. I suppose most companies do these days huh
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