Australian (ASX) Stock Market Forum

A1M - AIC Mines

Looks like IAU has woken up again. Nice little run last night on the TSX - up just under 20%.

Up 20% on the ASX.

Both on decent volume.

There may something afoot, this one has been lagging a while...

But nothing to report other than price action today.
 

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As a long term holder and trader of IAU, it was with great interest that I see it is an entrant in the tipping comp (Rick62).

I believe this stock does have the fundamentals to appreciate substantially, however it needs one announcement - forestry approval for it's Tujuh Bukit project.

Until then, given that it appears to be very unresponsive to increases in Gold prices, it appears to be stuck!

I would be very interested in others thoughts re IAU, especially yours Rick62.
 
Something has put a rocket under IAU over the last 2 days, presently 44c, up 12% today. Rick62 will be happy, as am I.

I see no news, other than the recent annoucements. RBS research, now 1 month old, has a target of 60c
 
Has been a while since anything has been written about intrepid. From the last post here it was at 44cents and today it is at 70cents. Paulsens has also been sold and they have permission to keep drilling in indonesia. With all this happening and the price consistantly going up, there has been no talk of it on here.

Now an exploration only and no gold production, and tuju bukit getting some good drill results it will be interesting to see where this goes.

Trav
 
I've been in IAU for quite some months now and very happy where it is now. I have also topped up as the price has increased so riding this one well at the moment.

It would appear that there is very strong interest in IAU. They are working on proving up a World Class Deposit with drilling intensifying.

What I am hopeful for is some corporate attention similar to what Indophil experienced over the last 6 months or so.

Still holding and will do until we get some more drilling results.

Regards
Bazollie
 
I am totally amazed that this thread has been so quiet!
Mid August IAU was in the 70cent region , and as of close yesterday this Darling is now $1.62. I am a holder and have been so since they were in the mid 20's. I have topped up along the way and very impressed that the results keep coming.

Given the amount of volume lately, the interest in IAU is compelling. Where will this price be in 6 months? Broker Research has increased in line with the support of this stock.

All looking good with IAU and hopefully more drilling results before year end!

Regards

Bazollie
 
I am totally amazed that this thread has been so quiet!
Mid August IAU was in the 70cent region , and as of close yesterday this Darling is now $1.62. I am a holder and have been so since they were in the mid 20's. I have topped up along the way and very impressed that the results keep coming.

Given the amount of volume lately, the interest in IAU is compelling. Where will this price be in 6 months? Broker Research has increased in line with the support of this stock.

All looking good with IAU and hopefully more drilling results before year end!

Regards

Bazollie

I`m with you bazollie, although I bought in the low dollar bracket and took profits on the 5th oct. as have other goldies with larger holdings IGR and RRL.

Nonetheless It can be a bit of a coin flip sometimes but with vols with these companies between 5-7mil per day its a healthy outcome. Made nice gain and will bide time to perhaps get back in when production timelines are clearer. Its been a dream run tho.
 
I am totally amazed that this thread has been so quiet!......All looking good with IAU and hopefully more drilling results before year end! Regards Bazollie
Yes talk about a quiet achiever. Have done well with this one since sub a dollar, and still holding. Part of the attraction for me is that it's not just gold. It's gold-silver-copper.
 
My best performer so far this year, still holding, stop is the red line.
I am seeing some similiar behaviour on NXS at the moment that IAU had through April and May. (I do hold NXS as of last week, hoping for a similiar run)

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Boggo,

Interesting chart. I entered IAU in the depths of the GFC at circa 10c and bought on the way up through to 40c. I exited my last parcel at 99c.
Would you mind posting a similar chart for KGL? I am heavily weighted in KGL (in at < 9c) and it appears to have broken to the upside.
 
I've been loving this stock. I'm only paper trading but i eyeballed this stock at the start of september and thought the trend was good, and it looked like another breakout was about to happen. I even mentioned it to my bro-inlaw at the time... but he seems to only be interested in sideways stocks!

Pretty simple charting methods. Got in at $0.86, with stop loss at $0.73.
Currently using a 6 day trailing stop. So my current stop is at $1.48. Lets see how this baby goes!

If i had been following this stock earlier, i would have got on in early august around $0.65
 

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I've been loving this stock. I'm only paper trading but i eyeballed this stock at the start of september and thought the trend was good, and it looked like another breakout was about to happen. I even mentioned it to my bro-inlaw at the time... but he seems to only be interested in sideways stocks!

Pretty simple charting methods. Got in at $0.86, with stop loss at $0.73.
Currently using a 6 day trailing stop. So my current stop is at $1.48. Lets see how this baby goes!

If i had been following this stock earlier, i would have got on in early august around $0.65

You can imagine how much I am loving it, having got in at 37c, then again recently at 1.08, both times with proper folding green paper, and despite the enormous gains, there is still a lot of potential upside, as the asset is huge, undeveloped, and it seems ( to me) the environmental obstacles are likely to be overcome.

They have an Indonesian partner

This stock has recently begun to get some notice in the financial press.

Finally, the price fell a lot and the management copped a hammering for selling a producing goldmine at the time they did in order to further Tujuh Bukit.

They must have seen a very compelling opportunity to do that.

Potential downside include POG, failure to achieve upgrades, permit setbacks/refusal, fall away in sentiment, price getting ahead of itself.

G'day BB... I also hold KGL
 
I put this stock on my watch list in December last year @ .27 after watching a UBS analyst say that copper will be fly next year and he liked IAU and DML the best small caps.

Nevr did buy it though thinking each run it had that id missed the boat LOL:banghead:
 
I did the same thing 'toocool', and i too am :banghead:

However, i have a friend who purchased IAU at 33c, then did a 'stoploss' at 25c within a month or so. So they are definately :banghead: more than we are!

Even at his buy in price of 33c, i still reckon he was a chance at getting a 10bagger from this stock based on the way it is going
 
Such is life in Investing..

I bought in at .27, then sold out at .43 thinking it had run enough, and will by more when it pulls back..

still a nice profit..
 
The sellers really are stepping up to the plate everytime IAU hits $1.76. Could take off if it can overcome the resistance here.
 

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hitting new highs of $2.13 atm

and this is following the annoucement of upcoming SPP and succesful placement at $1.78

up 10% today

IAU is now eligible for inclusion in the ASX200.

recent anns are very well worth reading imo, especially the geo stuff

there is a lot of precious metals up there, I must be missing something when I see others sell ?
 
I was amazed to see it hit 2.13 today. Felt sure it would drift around in the mid to high 1.80s until the SPP goes through. Back down to 2.03 atm, but very bullish signs. Buyers stepping up on any weakness.
 
Sensational close for IAU yesterday with some big crosses on close at $2.28!
Overseas investors are loving this stock!
IAU has certainly exceeded where I thought it would be ( based on research I have read )
The volumes are consistently up there and interest still extremely strong.
Not sure where the exit point is for me from here , I have taken a few dollars off now , but holding for now to see where we end up!!

Bazollie
 
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