GCR - Golden Cross Resources

[goldmandane]

Liking what sydney sier has to say about this.

Its going to bump around with the day traders, but I think as also YTs analysis shows its got great potential and fundamentally should come out well at the other end.

Done my own analysis on this, and bought in now and its looking good.

Thanks to YT for alerting us to this one

 

[Uncle Festivus]

lol well we're all here to make money aren't we?

Thankfully as some other ASF'ers have pointed out I try my best to make us all money,

Cleary had you paid attention to my first few posts and bought in the 3's you would be a happy camper,

I get the feeling the stock is being traded far too much though, so like I said previously

"sit back and enjoy the ride, it will be bumpy as it looks like alot of traders have jumped aboard but I'm sure we should reach our destination"

Sorry YT if you took this the wrong way, I was only wondering how you set up for these things, as the stock was moving for a good week & a half before your first post. Are you buying RED now?

 

[YOUNG_TRADER]

Sorry YT if you took this the wrong way, I was only wondering how you set up for these things, as the stock was moving for a good week & a half before your first post. Are you buying RED now?

RED? Thats a gold company from memory, nah not me
Taking profits on ACS it was such an obvious undervalued play and moving harder into DMM

But this is the GCR thread so back to GCR, Goldman any chance that you'll have a crack at putting together some research?

Are any of the other Goldman boys watching it?

 

[goldmandane]

Good report issued by URM now, they found some high grade phosphate deposits near the Mt isa region, which bodes well for GCR!!!!

 

[dumpty]

Fester.........when you can make a positive contribution that we can actually use to trade a share and make a profit then and only then will you have earnt the right to question young traders motives.....my bank account is testimony to his willingness to share.........i cant say the same for you

 

[YOUNG_TRADER]

I can't believe the mkt sometimes

URM have 62m shares + 28m unlisted options = 100m fully dilluted
@ 26c = $26M Mkt Cap

And what did they announce today? Rock chip samples


GCR have 630m shares which @ 4.8c = $30m
And GCR have 100Mt's Phosphate JV'd with Legend, an implied EV value of over 10c based on Legends Mkt Cap, a very large Copper Gold deposit thats in offtake talks, about 8 other JV's in Aust, Gold in Panama, Uranium in Canada

Ohhhh Mr Market you are certainly a funny creature

 

[pattyp]

The punters have lost the friggen plot over fertilizer... I cannot believe the price rises coming through on "I smelt Phosphate in the local toilet" Announcements. URM today was the absolute pinnacle of insanity!

Its extremely funny...

I only hope there are not too many casualties from this.

I am extremely boring and conservative - The only ones I can find REAL longer term value in are RWD and MAK... Anything else I run a DCF on looks borked when weighted against the risks!

GCR looks ok, but not for me But am still keeping a very close eye on it.

 

[Whiskers]

The punters have lost the friggen plot over fertilizer...

Hi pattyp.

I have had many years experience in the agricultural industry. In fact I was born and raised on a farm in the dairy and sugar industry and spent most of my working life with direct interests in the horticulture industry.

I can assure you increasing demand for fertiliser has been outstripping supply for a few years now and the extra cost has been coming through to agricultural producers.

What is adding to the what appears to be exponential demand for fertiliser is the increasing amounts of agricultural production going to biofuel in Brazil and even the US lately, not to mention the desperate demand for phosphate fertiliser in India for food production.

And anyone who knows anything at all about agriculture knows that:

• You need phosphate to produce sweet and high protein foods
  
• you need high sugar content to produce biofuel

The only way to get high sugar's is via phosphate fertilisers.

GCR looks ok, but not for me But am still keeping a very close eye on it.

This phosphate play is consistant with and far exceeds previous royalty and JV deals to defray resource and development costs while maintaining and ensuring good future investment and cash inflows from it's projects with minimal further outlays.

 

[pattyp]

U have missed my point and r preaching to the Choir Whiskers...

I have been EXTREMELY bullish on Ag and Fertilizer for a while...

But when u start running realistic forecasts over STB, SMD, BON, SOI, URMs (and the like) you will find that the Fair Value, NPVs, IRRs when weighted by the risks/time frames are garbage.

All I see on the forums at present are people trying to ramp HUGE value in corps. that have nothing except a clever PR campaign...

Thats just my opinion. When you show me the DCF and reserve estimates that prove otherwise I am more then willing to have a go!

I'm weighted 70% towards Ag in my portfolio at present... But let me tell u... URM doesn't fall into it.

I respect your history in Ag and am an avid learner willing (wanting) to listen... But if you are trying to convince me of the commercials in these mega mega specs I need to know more about the resource, grade, opex, capex, mine life... etc

We r on the same side - I'm just perhaps more conservative - Cheers!

 

[pattyp]

BTW - I estimate MAK at at fair value of 1.5billion MCAP (With a Phospahte price of $200 opex $100p/ton, capex 90mil) and it has a JORC resource... This gives me worst case a share price of $17... Before the project is not economical.

That is far mroe upside then I can see in GCR right now... Id rather stick a couple more grand into MAK then diversify into GCR purely for the sake of diversification.

Again, for the record, GCR is one that I favor over the others... But i just don't see the point in investing here based on my personal strategy and investment style.

I like GCR...

Again, just my opinion

Pat

 

[Whiskers]

U have missed my point and r preaching to the Choir Whiskers...
---
We r on the same side - I'm just perhaps more conservative - Cheers!

Oh, good.

I'm not familiar with the others you mention, so I can't comment there.

But I've held, traded and kept a close eye on every aspect of GCR for about 1 1/2 years and like what I see, except as some of us long term holders have experienced it has been a bit frustrating getting there.

PS: While GCR is undervalued for its phosphate (as YT as detailed) it is far more than that. We should have more assays from the greater Copper hill project in the near future.

Personally, I'm confident Copper Hill will be re-rated with an increase resource and grade in the not too distant future. They have been doing a lot of additional scouting to enlarge the project but have made limited announcements so far other than some better Cu and Au samples have been encountered.

 

[pattyp]

"I'm not familiar with the others you mention, so I can't comment there."

And I wouldn't even bother with the others yet - Except for perhaps the valuation exercise to understand my point about the crazy punters

I think GCR is a winner - u Guys/Gals here have summed it up very well...

Good luck man, I think your patience will pay off!

Pat

 

[pattyp]

...I'm confident Copper Hill will be re-rated with an increase resource and grade in the not too distant future.

And I tell ya what... If they come up with the goods on top of the Phosphate cashflow... I'll be all over it and probably posting on this forum like a crazy person ! ! !

LoL

 

[Uncle Festivus]

Fester.........when you can make a positive contribution that we can actually use to trade a share and make a profit then and only then will you have earnt the right to question young traders motives.....my bank account is testimony to his willingness to share.........i cant say the same for you

Humpty.... perhaps if you were able to do your own research (and read the thread!) you can see I & others have presented the compelling data for GCR in this thread for several months now. I am in no way detracting from YT's presentation. If you are the type of investor who needs someone to put things simply and obviously, then keep following. We thank you for adding to our bank accounts. How about reading this thread's post's before April, instead of shooting first and thinking second, if at all.

 

[goldmandane]

RED? Thats a gold company from memory, nah not me
Taking profits on ACS it was such an obvious undervalued play and moving harder into DMM

But this is the GCR thread so back to GCR, Goldman any chance that you'll have a crack at putting together some research?

Are any of the other Goldman boys watching it?

Pretty much put toghether the website for the reports, now need to start working ont he report. Beenr eally busy at work at the moment (although im here on this forum now during work hours haha), anywy hopefully get onto it this weekend.

Noone here talks about GCR mate, its far too speccy. Research team here doesnt focus on these kinds of stocks, mostly the top 200, and a maybne 1 or 2 smaller miners.

But I'll start shooting my mouth off here in my department once ive got some massive gains there!!!.

 

[Whiskers]

Originally posted on 7th-May-2008

I'm with Uncle Festivus... top up levels.

As I posted earlier there was a gap up at open yesterday. It also opened above the bollinger band. So what we are seeing is short term day traders, some lots of 1m to 1.5 m dumped, as they do when volume slows down.

For me though, it will probably finish the day in the low 5's and maybe trade tomorrow at similar levels. By then the daily candle will be well within the bollinger band again ready for the day traders to have another go.

I always refer to the weekly chart for the main trend. For me the fact that the gap up has been filled, the weekly chart is consistant with the fundamentals... still indicates plenty of upside potential.

and...

Yes indeed YT.

I watch cycles, sort of like Trader Paul. I happen to agree with him from his earlier post, that Friday and Monday will be good/significant days.

But as TP says and we know, there is also plenty of other activity happening which is likely to report over the next couple of months and which has the potential to make 10c look cheap.

The share price is coming on right on cue Trader Paul.

But as YT comprehensively demonstrated, it's cheap and there is plenty of room for the share price to move to reach full value.

And as you point out... good cycles ahead for awhile.

 

[goldmandane]

Did 16.67% today!!!

Bit of volume later in the arvo from 3 to 4 after a lazy mid afternoon saw it rise from 5.1 to 5.6!!

 

[smurfette]

Yeah nice move friday. Looks like the breakout has held and the stock looks like it wants to move higher. I have done some reading on MNM and URM today and they are clearly inferior to GCR as they are far less advanced. GCR has a lot more to go if you compare it to those.

Smurfette

 

[golfmos123]

Well the star is falling back to earth today, and has now (at 4.7c) given up most of the gains of last week. Should find support at low 4's and hopefully be ready to bounce again (?).

Kind of looks like a good time to buy up again........do any chartists or techies want to add anything???

 

[Miner]

it was only yesterday this thread was red hot with postings.
I noticed the GCR fell down. that is not a drama as this share was jumping up and down with a range of 14% (about) in SP. But surprisingly today / tonight is very quiet. Last posting was 10.10 AM and now it is about 9.10 PM WST. Looks like all techies have gone to have a good snooz

Cheers