Yeesshhh. Don't own it but watching and curious to see where it can bottom. Today's low was $3.39 so far.
This btw is 4.4% of the HUI believe it or not.
HUI Components
http://bigcharts.mar...&mocktick=1.gif
Where the hell is support here?
http://mscharts.pcqu...me=&lcprice.gif
Chavez, you are messin' with this stock!
cheers,
john
Hecla
Started by
SilentOne
, Oct 27 2005 09:27 AM
3 replies to this topic
#1
SilentOne
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Posted 27 October 2005 - 09:27 AM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
SilentOne
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Posted 27 October 2005 - 09:46 AM
Looking at S/R quickly, support at $3.30 is probably the last thing keeping it from going down to the green line on that gann chart. That would be about $2.60ish. That would not be a big help for the HUI. 
cheers,
john
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
SilentOne
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Posted 27 October 2005 - 10:04 AM
Hecla Responds to Article
bwire
COEUR D'ALENE, Idaho (Business Wire) -- Hecla Mining Company (NYSE:HL) today vigorously responded to a news article concerning a review by Venezuela's tax agency, Seniat. Hecla's President and Chief Executive Officer, Phillips S. Baker, said, "According to news reports, the Seniat will do an accounting review in response to some claims of irregularities by the local labor union. Although we have had no official notice from them, we will certainly cooperate fully with any review by the Seniat to put these allegations to rest. Hecla has a hundred-year reputation of integrity and we will fully and completely respond to any attempts to tarnish that good reputation." He continued, "If the Seniat decides to conduct an investigation, I am sure it will be in an attempt to determine the truth. We have undergone such audits in the past with satisfactory results."
Hecla has been operating in Venezuela since 1999 and employs nearly 1,000 people in Venezuela. The company has improved environmental standards in the area in which they are located, has contributed to community social, education and health efforts and has undertaken a unique program with small miners to improve technology and safety practices.
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 114-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.
Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.
These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.
Hecla's Home Page can be accessed on the Internet at:
http://www.hecla-mining.com .
bwire
COEUR D'ALENE, Idaho (Business Wire) -- Hecla Mining Company (NYSE:HL) today vigorously responded to a news article concerning a review by Venezuela's tax agency, Seniat. Hecla's President and Chief Executive Officer, Phillips S. Baker, said, "According to news reports, the Seniat will do an accounting review in response to some claims of irregularities by the local labor union. Although we have had no official notice from them, we will certainly cooperate fully with any review by the Seniat to put these allegations to rest. Hecla has a hundred-year reputation of integrity and we will fully and completely respond to any attempts to tarnish that good reputation." He continued, "If the Seniat decides to conduct an investigation, I am sure it will be in an attempt to determine the truth. We have undergone such audits in the past with satisfactory results."
Hecla has been operating in Venezuela since 1999 and employs nearly 1,000 people in Venezuela. The company has improved environmental standards in the area in which they are located, has contributed to community social, education and health efforts and has undertaken a unique program with small miners to improve technology and safety practices.
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 114-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.
Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, and prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.
These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, exploration risks and results, political risks, project development risks, labor issues and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.
Hecla's Home Page can be accessed on the Internet at:
http://www.hecla-mining.com .
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#4
Rock
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Posted 27 October 2005 - 10:07 AM
Thanks Silent,
With HL never participating in the rally from May I just write it off
as a dog; probable political problems, but I see your point on the
HUI impact.
CDE and PAAS are back @ S/R from May after violation of the trend.
Kissback or head fake?
With POS persisting above 7.80 the resumption of the correction is not certain.
Frozen like a possum in the headlights,
Paul
