- Joined
- 8 June 2008
- Posts
- 12,773
- Reactions
- 18,677
Was a good size holder and even took a bit more today.. do not see these figures as too bad .but could be wrong
EVN - Evolution Mining
- Thread starter System
- Start date
-
- Tags
- evn evolution mining
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
i held several ( EVN ) had chosen the path of MULTIPLE gold producers spreading across continents as well as states ( of operation )
governments are always a big risk in tough times
governments are always a big risk in tough times
- Joined
- 30 May 2017
- Posts
- 2,513
- Reactions
- 4,140
Smashed today...
Ouch !
Hoping for a bear market rally... Entered for July stock tipping compo ?
Ouch !
Hoping for a bear market rally... Entered for July stock tipping compo ?
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
MIGHT be a little softer again today ( i have a sub $2.50 in the market , currently )
however the end of the month is soon ( and therefore beginning of the month and comp. start ) and the lower it is now , the more room for upside
good luck
Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
- Posts
- 1,723
- Reactions
- 2,423
I've placed a top up/add more order at a tad less than todays low, order is still in the queue.
- Joined
- 28 May 2020
- Posts
- 6,421
- Reactions
- 12,204
I try(and often fail) to put top up orders on the way up rather than on the way down.
Happy to largely stay on the sidelines until i am convinced a rally is in the offing.
Mick
Happy to largely stay on the sidelines until i am convinced a rally is in the offing.
Mick
- Joined
- 8 June 2008
- Posts
- 12,773
- Reactions
- 18,677
And you are probably right, i jumped back far too early
Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
- Posts
- 1,723
- Reactions
- 2,423
FWIW, as I amended my order to a much lower buy price last night this was filled a couple of hours ago. Thus, could the SP go even lower?
The contrarian in me says, "...more top up opportunities."
The contrarian in me says, "...more top up opportunities."
- Joined
- 8 June 2008
- Posts
- 12,773
- Reactions
- 18,677
Yes but that contrarian in me is deep in the red to the point where the inevitable rise of gold may not even be enough to turn positive..
What a debacle..i teally should stop playing discretionary.i never learn my lessons
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
i lowered my order ( twice ) today to resist buying today
the current order is sitting at $2.36
still interested in buying , but not desperate
the current order is sitting at $2.36
still interested in buying , but not desperate
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
EVN mid-term looks a fair bet , AIS with a longer-term higher risk view but gee there are several other appealing gold producers as well
am leaning towards ( extra ) EVN in preference to NST , as EVN has some silver and copper worth a mention ( in the reports )
am leaning towards ( extra ) EVN in preference to NST , as EVN has some silver and copper worth a mention ( in the reports )
- Joined
- 30 May 2017
- Posts
- 2,513
- Reactions
- 4,140
Got cash left to deploy, but only nibbling at this stage...
As @qldfrog said, the price could go even lower and previous purchases could all end up in the red !
However who can predict the bottom to buy at ? Hopefully when the yellow metal turns up, these miners will get change of direction in the future.
Going by the past crypto market news that has resulted in big price declines in major coins and devastation in alt coins, there might still be some deleveraging (margin calls etc) that could send prices lower even in Gold. But once demand for the yellow metal picks up, the Aussie Gold miners should do well. They'll do even better if the cost pressures on mining due to higher oil prices (fuel costs) has declined by then...
As @qldfrog said, the price could go even lower and previous purchases could all end up in the red !
However who can predict the bottom to buy at ? Hopefully when the yellow metal turns up, these miners will get change of direction in the future.
Going by the past crypto market news that has resulted in big price declines in major coins and devastation in alt coins, there might still be some deleveraging (margin calls etc) that could send prices lower even in Gold. But once demand for the yellow metal picks up, the Aussie Gold miners should do well. They'll do even better if the cost pressures on mining due to higher oil prices (fuel costs) has declined by then...
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,126
- Reactions
- 11,225
Encouraging to see Jacob Klein buying 50K shares ($135K) on market.
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
The Surprising Fall of Gold and the Gold Miners
thebull.com.au
no surprise here
rising costs and persistent pressure on the gold price ( to make the $US look strong )
The Surprising Fall of Gold and the Gold Miners
On 27 June of 2022, many newcomers to share market investing who had heeded the world view that gold provides a safe haven for investors in troubling economic conditions got yet another shock. On that date the third largest gold miner listed on the ASX – Evolution Mining (EVN) – issued a market...
thebull.com.au
no surprise here
rising costs and persistent pressure on the gold price ( to make the $US look strong )
- Joined
- 20 July 2021
- Posts
- 11,291
- Reactions
- 15,663
( i also hold NST and GOR )The Surprising Fall of Gold and the Gold Miners
The Surprising Fall of Gold and the Gold Miners
On 27 June of 2022, many newcomers to share market investing who had heeded the world view that gold provides a safe haven for investors in troubling economic conditions got yet another shock. On that date the third largest gold miner listed on the ASX – Evolution Mining (EVN) – issued a market...
no surprise here
rising costs and persistent pressure on the gold price ( to make the $US look strong )
with orders in the market for extra EVN and GOR ( at a cheap price )
Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
- Posts
- 1,723
- Reactions
- 2,423
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,126
- Reactions
- 11,225
Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
- Posts
- 1,723
- Reactions
- 2,423
At the time of writing, in USD the POG is down approx. 5.49% over 30 days, 5.99% over 6 months and 6.46% over 12 months, a 10% correction (or more) is highly likely in the near term.
So, with the EVN SP touching 52 week lows the "correction" appears to be in full swing. Pure speculation on my part of course.
Gotta keep a keen eye on it though, as the SP movement can be swift and buy orders fulfilled before amended.
If the SP heads even lower, I'm OK with DCA as am at approx. 50% of my allocation in $ terms into this stock. I'll also be OK if I don't buy more.
So, with the EVN SP touching 52 week lows the "correction" appears to be in full swing. Pure speculation on my part of course.
Gotta keep a keen eye on it though, as the SP movement can be swift and buy orders fulfilled before amended.
If the SP heads even lower, I'm OK with DCA as am at approx. 50% of my allocation in $ terms into this stock. I'll also be OK if I don't buy more.
