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Hecla Mining Co. Message Board

bongermain 12 posts  |  Last Activity: Jul 9, 2014 5:41 PM Member since: Aug 16, 2000
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  • Reply to


    by springhamm Jul 9, 2014 9:22 AM
    bongermain bongermain Jul 9, 2014 5:41 PM Flag

    Hmmm........... Red Giant has same auditor as CYNK - the "Big Mover" of the day.

    I'll pass.

  • Reply to

    Short Interest Declining (finally)

    by bongermain Jul 2, 2014 11:03 AM
    bongermain bongermain Jul 2, 2014 5:17 PM Flag

    I haven't been around in quite a while - when did Blieviam morph into Waldo?

  • Reply to

    Short Interest Declining (finally)

    by bongermain Jul 2, 2014 11:03 AM
    bongermain bongermain Jul 2, 2014 5:00 PM Flag

    I'm not sure why I'm doing this, but part of me is curious about such an opinionated person. As far as me being dumb, I've never been called that before - I have a very well paying job, beautiful family, travel internationally, yada, yada............

    I believe I've asked, but never got a reply, about whether you own or have ever owned HL. Answer me that, and then you can tell ME what the current short interest on HL is.

    If you can't answer both questions, kindly quit responding to my posts. I don't like to have to use ignore, but I've had to in the past with a$$clowns.

  • Someone covered 4,000,000 short shares last week.

    I'm betting that number declines again next week.

  • Reply to

    WOW That was quick

    by dimplesorourke Jun 19, 2014 6:11 PM
    bongermain bongermain Jun 19, 2014 7:37 PM Flag

    I was having dinner - the Kitco chart doesn't reflect a move like that.

    What were you looking at?

  • I'm liking the volume.

    Last time HL went UP on volume of 13,000,000 shares was Feb. 2012

    If no after hours smash is forthcoming, than I'll be ready to say................................. I'm still cautious.

  • Reply to

    my mother, the smart and patient wingnut

    by clubfoolish Jun 11, 2014 5:29 PM
    bongermain bongermain Jun 12, 2014 5:20 PM Flag

    Hey CF - long time no see!

    I stopped even looking at HL when it hit $2.70, but it seems to be recovering a bit. For all the nutty folks out there - Yes, I am down $135K on my HL (bought on the way up, AND back down), but up $210K on my SLW, so up a bit overall.

    I was surprised to see that short interest went from 17.5 to 19.7, and is now up to 22,000,000+ shares.

    I can see shorting this thing up at $10 - but to ADD short shares at sub $3 is lunacy...........

    I'll check back in a year from now, unless anything interesting happens ;-)

    Best to you and K.


  • Reply to

    New 8K Filing

    by bongermain Feb 25, 2014 5:20 PM
    bongermain bongermain Feb 25, 2014 11:01 PM Flag

    That is what got me thinking........... Why put that in there?

    They already have taken measures to PREVENT the possibility of a hostile takeover, and now they are writing one IN??

    I still think J.P. Morgan is somewhere, somehow, involved with HL (possibly the 17.5 million Short Shares?).

    Anyhoo - from yesterday:

    "J.P. Morgan analyst John Bridges pointed out that Pan American Silver Corp., Hecla Mining Co. and Coeur Mining Inc. all boosted reserves in their Q4 results, even as they lowered their price assumptions. He called the reserve increases “striking.”

    “Coeur and Pan American have delivered net organic growth in reserves even as the silver prices used have fallen,” he said in a note. “Hecla benefited from including its new Casa Berardi operation in reserves and other assets in resources.”

    Coeur’s reserves rose 16%, largely due to additions at its Rochester operation. Hecla has high-quality assets, Mr. Bridges noted, which protects it from big reserve declines. Reserves went up 13% overall, with new ounces added at the Lucky Friday operation. And Pan American raised reserves by 2%, mainly due to exploration success at the La Colorada mine in Mexico.

    Hecla used a silver price of US$20 an ounce to calculate reserves this year, making it the most conservative of the three companies. Coeur used US$25, while Pan American used US$22. Silver currently trades at slightly above US$22 an ounce"

    I'm probably just nutty after holding HL all these years.............


  • bongermain by bongermain Feb 25, 2014 5:20 PM Flag

    Anybody read it yet?

    This caught my eye:


    AGREEMENT by and between Hecla Mining Company, a Delaware corporation (the “Company”) and [Name of Executive] (the “Executive”), dated as of the 21st day of February 2014.

    The Board of Directors of the Company (the “Board”) has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive’s full attention and dedication to the Company, and to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and benefits expectations of the Executive will be satisfied and which are competitive with those of other corporations. Therefore, in order to accomplish these objectives, the Board has caused the company to enter into this Agreement."

    Hostile Bid Protection????


  • bongermain bongermain Feb 14, 2014 3:07 PM Flag

    Yep, still holding 65K shares of HL. I said I wasn't going to sell any HL or SLW when I left a good while back, and I haven't. I'm down about $110K on my HL, but up more than double that on SLW.

    I see Short interest dropped 500,000 shares from early this week, and volume is picking up. Both very good signs.

    About those clowns that say: "the market can stay irrational longer than you can stay solvent" I say B.S.

    Fundamentals will ALWAYS win in the end. Patience is something many here still don't understand, evidently.


  • Reply to

    Up three days in a row?

    by bongermain Feb 11, 2014 10:07 PM
    bongermain bongermain Feb 14, 2014 2:52 PM Flag

    Well #$%$ down!!

    Getting close to the end of the trading day, and although I said I was going to wait a week, I took a quick peek.

    Something is seriously wrong with HL!! This thing is going in a direction I THINK it might have gone in, like 2011!!

    My SLW is doing weird things, too.......

    I'm going to go lie down for a spell.


  • bongermain by bongermain Feb 11, 2014 10:07 PM Flag

    That's a kick in the head!

    Still 18,500,000 shares short, and thinnish volume, though.

    I'm gonna hit the "Snooze" button and come back in a week, see if this is some sort of gravitational irregularity, or an actual trend.

    I was pretty certain the pain would stop in 2015, so I'm a bit leery.............


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