Australian (ASX) Stock Market Forum

Gold Mining Stocks

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noirua said:
Thank goodness for my gold shares that are up again in the pre-market on the NYSE and Nasdaq. Rises have taken all but two into positive territory and one now up nearly 30% after being down two weeks ago. Non gold shares not to be mentioned as they are under attack.
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Gold having a short term hit. :) My overall thesis on gold going up was the chart, geopolitics and money printing. I wonder how long it will last. I hope for Europe's sake, Putin does as I expect and he ends up negotiating ownership of the eastern side of Ukraine who are Slav/Russians, and it stops there. The western side of Ukraine will not give up so easily. But, if NATO/EU allow this, this emboldens Xi to take Taiwan by exactly the same game play.
 
OGC gold & copper miner shot up 9% today (released very good results) but feel that it's still way undervalued imo

Feel that $3+ achievable short term given gold & copper price surging :)

Please DYOR as always
 
Sean K said:
Gold having a short term hit. :) My overall thesis on gold going up was the chart, geopolitics and money printing. I wonder how long it will last. I hope for Europe's sake, Putin does as I expect and he ends up negotiating ownership of the eastern side of Ukraine who are Slav/Russians, and it stops there. The western side of Ukraine will not give up so easily. But, if NATO/EU allow this, this emboldens Xi to take Taiwan by exactly the same game play.
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Unfortunately there is a full scale war in Ukraine at this moment. There is a good chance Ukraine will surrender. The airport neat Kyiv has been bombed so only way out is via minor airports or fleeing over the border.
 
noirua said:
Unfortunately there is a full scale war in Ukraine at this moment. There is a good chance Ukraine will surrender. The airport neat Kyiv has been bombed so only way out is via minor airports or fleeing over the border.
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Yes, been watching it all day on multiple channels. I can't go to bed tonight not watching this unfold. It's much worse than I thought it would be. The consequences of Russia taking over most, if not all, of Ukraine have international geopolitical significance.
 
With Gold back up over 2600 bucks AUD and ounce, and local gold prodiucers starting to report quarterly results, there should be some pretty good free cash flow statements coming out of producers this month.
Would expect to see some action in most of the gold stocks (even DCN and SBM!) this week.
Mick
 
mullokintyre said:
With Gold back up over 2600 bucks AUD and ounce, and local gold prodiucers starting to report quarterly results, there should be some pretty good free cash flow statements coming out of producers this month.
Would expect to see some action in most of the gold stocks (even DCN and SBM!) this week.
Mick
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Agree Mick.. I'm liking near term gold producer's such as TUL and TIE respectively as believe both offer great upside potential (moreso with rising aud gold price).

Cheers tela :)
 
Telamelo said:
Timely good news just released:

"Tietto TIE Delivers Maiden Measured Gold Resource at Abujar"

DYOR .. Cheers tela :)
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No need to spruik stocks in the gold thread. Let's keep this thread for the discussion of the gold price please.
 
Joe Blow said:
No need to spruik stocks in the gold thread. Let's keep this thread for the discussion of the gold price please.
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Sure I understand what you mean @Joe Blow so my apologies - so just to clarify that this current thread "Gold Mining Stocks" we can't discuss nor mention any Gold stocks whatsoever correct ?

P.S. Yep I understand/accept that other thread "Gold price - Where is it headed ?" is only to discuss Gold price action/chart analysis etc.
 
BtL sounds enthusiastic but he urges caution about the Quarterly reports coming up. This applies especially for W.A miners and "dog" goldies (RRL, RSG, DCN)
Gold stock charts looking great this last week he thinks. GDXJ moving well. He's taken out a double short etf on the Nasdaq with a medium term view as long as the picture maintains - code: QID - not advice. Other gold stocks mentioned: SLR, PRU, WAF, SSR, B2Gold, NST.

 
i was going to mention BC8 last week with the announcement it had bought two mines from NST , but after reading the projects bought are both under 'care and maintenance ' when researching over the weekend , i am glad i escaped the egg all over my face .

still worthy of a CAREFUL look now the share price has come back down ( but i will still be waiting for some more AIS @ 11 cents )

DYOR

( i do not hold BC8 , but do hold NST )
 
@divs4ever yeah, I almost posted on BC8 today. The placement was @ 0.55 and I saw it get down to 0.56 at one point. They've put back the date of building a plant for the Kal East project due to labour shortages and higher costs but trying to keep market's interest alive with the purchases from NST. It will take a lot of time so their orphan stage continues. I doubt I will add but it might be an opportunity for the patient.
 
BtL has been trimming some performing gold stocks: SLR, WAF, SSR and LYL (mine services). Anticipates a likely pullback in gold itself - maybe to US$1,900 - and some poor gold miner Qtrlys this week.
Has maintained his double short on the Nasdaq (QID) and taken out a double short on the ASX200 (BBOZ)

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finicky said:
@divs4ever yeah, I almost posted on BC8 today. The placement was @ 0.55 and I saw it get down to 0.56 at one point. They've put back the date of building a plant for the Kal East project due to labour shortages and higher costs but trying to keep market's interest alive with the purchases from NST. It will take a lot of time so their orphan stage continues. I doubt I will add but it might be an opportunity for the patient.
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BC8 looks like too far in the future ( to be a div. payer ) for me , but if things change so might my decision

now IF the NST disposals had of been currently operating mines then my decision gets harder ( throw in some newbies so they can learn some skills from the veterans , maybe even get a savvy guy well practiced at emergency work-arounds )

but moth-balled hints at the best staff are working elsewhere
 

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