i don't have a problem with GOR , in fact i hold a few , i just do not think it is at an attractive price yet ( not even for a medium size bite , in my opinion )
i used to have the same view as you on Africa , but the 'civilized world' is starting to fray , and suddenly places like Africa PNG aren't the
worst places on the map( investing-wise )
gold producers in general in Australia are going to face skill shortages and rising costs , in general 'high grade gold translates to difficult to mine ( other-wise 170 years of miners would have already dug it out and sold it ) so you are looking for about 2g a tonne but alluvial or reprocessing tailings dams and waste heaps ( easy digging , no extensive mine shafts )
i know it is mostly a silver play but keep an eye on SVL ( i don't hold ) especially if they delay the underground mining
Man oh man, the Australian Gold mining space as I go through it is a litany of disaster.
Thanks
@finicky @divs4ever @anca @Sean K and many others in this thread and via DM for tips in the GOR, NEM and RRL threads, some not recent, of which I've quoted.
My question was what Gold stock Australian based and run on which to have a big bet with an investment time frame of a 2-5 years. However recent price action and developments in some of the Gold stocks has made me put my dacks and trousers back on and I'm out the window to run back home with my stack.
It appears that incompetence in hedging and in capital expenditure and ex, poor workforce management and an atrocious appetite for attracting litigation by some has led to a space which is dangerous for me to enter with a big bet. I had assumed that the steady appreciaton of the $AUD Gold price over the past 5 years would have given me the opportunity to hop on a Gold miner for 2-5 years with the expectation not necessarily of a huge win, but perhaps a moderate one, maybe even with decent divies thrown in.
I had concentrated on stocks that mostly dealt with Australian based operations, management and workforce or even Canada or somewhere I'd go to so's I'd get the fourth Mrs Gumnut a nice watch on my way through border security and RM Williams and the jewellery shops overseas run by the Chinese, Israeli, Middle Eastern and Indian cousins. I also avoided Africa like the plague in my thinking. No more. I will have to reset my thinking on that lazy big bet money I'd laid aside for a Golder.
As Divsie
@divs4ever said ...
I might either look at American stocks or an ETF for my big Gold stock bet. I mean with the price of Gold going as it is, PMGOLD was $16 in 2019 for gawds sake and its $31 dollars now. You'd think the miners would have their act together.
Anyways. My rant done and I feel better and glad my stack is a stack and safe.
gg