Gold Mining Stocks

[Sean K]

Can I suggest this magnificent maiden just listed on the NYSE

In only 2 days she is in the TOP TEN Energy companies in all of the NYSE


View attachment 142566
As you can see
She has hit Blue sky on only her second day
View attachment 142567

Who Needs the Rest?


My Apologies
I did not notice that you were all searching for "Fools Gold"

Woodside is gold! lol

 

[Garpal Gumnut]

I then compared 3 small to stocks priced in the mid to high $0.09's as this has been profitable for me in the past in trading materials.

They all had a market cap around the $50m. mark, give or take a mill or three. GBZ ERM and TGM.

Again comparing them to PMGOLD.


They are all down 25%.

Now these are pretty much dart picks.

But I just wonder with the rising of the AUD against the USD, or labor shortages or supply chain/assay delays or just whatever.

Are gold stocks worth avoiding atm?

gg

 

[Garpal Gumnut]

Just for those who believe in Oil as being liquid Gold. @Sean K @Captain_Chaza

WDS compared to PMGOLD over 3 months.

Not that good really considering Russia's hegemonic warfart.

Oh and apologies to @divs4ever for an intemperate reply, I enjoy your posts.



gg

 

[Captain_Chaza]

Woodside is gold! lol

Black Gold!
White Gold is Lithium!
and then there is always
Fool's Gold!

 

[divs4ever]

I then went to the 3 lowest gold stocks on the ASX by market cap and found CTR, AUE, and WSR.

I left out ATM as they are Indonesian and priced over $1 and couldn't make the price out for head nor tail, nor what they actually did.

Again comparing to PMGOLD it looks like a bad dart pick with PMGOLD dropping about 1% and the other 3 taking a hiding at 20-40% loss.

View attachment 142568

I wonder if this is typical of the small gold sector at present.

gg

ATM , think of them as a micro BHP , a little bit of coal , a little bit of nickel smelted into ferro-nickel , some gold mined , refined and sold in 'gold boutiques ' and vending machines and part owned by the government and VERY thinly traded ( in Australia ) , tries to value -add ( unlike Australia )

EVN and NST aren't doing so well currently , unless you bought them under a $1 like i did initially ( but have 'averaged up ' since ) i think the punters fear they have over-expanded , and they may be correct , unless the gold price climbs permanently above $US 2000

am hoping ( most of )the gold-producers i hold survive the wave of higher costs and finally go onto better things , but as long as 'money ' is cheap and the printing and short-selling is unlimited , that might be a long wait

the small players i am unwilling currently to 'dabble , hope and wait ' if they aren't making money now , i fear the others will struggle as credit tightens ( at least for the mid-term ) the best you can hope for is they get swallowed by a well run mid-tier , that pays in scrip

cheers

 

[divs4ever]

Just for those who believe in Oil as being liquid Gold. @Sean K @Captain_Chaza

WDS compared to PMGOLD over 3 months.

Not that good really considering Russia's hegemonic warfart.

Oh and apologies to @divs4ever for an intemperate reply, I enjoy your posts.

View attachment 142570

gg

i have a thick hide , the legacy of being perpetually naughty in younger days

cheers

 

[divs4ever]

Black Gold!
White Gold is Lithium!
and then there is always
Fool's Gold!

well if we aren't talking about AU gold ( the element ) you could probably name any commodity Russia used to sell on the open market ( but only sells to 'friendly nations ' now ) that includes oil ,coal , gas , nickel ,iron ( although they ship plenty of steel as well ) the PGM group , aluminum , because Russia was exporting at least 5% of those ( often many times that ) add in the falling US dollar ( compared to most commodities ) .
the elephant in the room is REE which China has a choke-hold on , if China was to be indifferent ( to 'non-friendly ' nations ) suddenly a lot of 'hi-tech' devices are going to have reduced efficiency or insane price tags , higher cost and less bang-for-the-buck make many premium products less desirable

 

[divs4ever]

I then compared 3 small to stocks priced in the mid to high $0.09's as this has been profitable for me in the past in trading materials.

They all had a market cap around the $50m. mark, give or take a mill or three. GBZ ERM and TGM.

Again comparing them to PMGOLD.

View attachment 142569
They are all down 25%.

Now these are pretty much dart picks.

But I just wonder with the rising of the AUD against the USD, or labor shortages or supply chain/assay delays or just whatever.

Are gold stocks worth avoiding atm?

gg

well i am being very cautious ( but watchful ) and if i miss the bottom , i have some already ( at a reasonable price )

Q. can we ( each of us ) move quick enough if there is a 'credit crunch ' liable trigger a wave of forced selling ??

( because if previous crashes are a guide , everything gets sold down initially to cover outstanding debts , and margin calls and such )

 

[divs4ever]

well if we aren't talking about AU gold ( the element ) you could probably name any commodity Russia used to sell on the open market ( but only sells to 'friendly nations ' now ) that includes oil ,coal , gas , nickel ,iron ( although they ship plenty of steel as well ) the PGM group , aluminum , because Russia was exporting at least 5% of those ( often many times that ) add in the falling US dollar ( compared to most commodities ) .

WHY ??

because these will not be sold on Western Commodity exchanges ( so the contracts on Russian commodities will not be manipulated so easy ) ( and they will NOT be settled in US dollars either )

 

[eskys]

Gold slowly edging up since open

 

[Garpal Gumnut]

I've been watching Gold Stocks falling for some time, see above.

My sentiment is changing.

GOR and EVN look quite tasty atm.

I have little idea of their fundamentals but there has been brisk selling and buying over the last few days when the capitalist system as we know it was supposed to end.

They are miners so are subject to worker and supply chain constipation. Particularly the former.

gg

 

[divs4ever]

I've been watching Gold Stocks falling for some time, see above.

My sentiment is changing.

GOR and EVN look quite tasty atm.

I have little idea of their fundamentals but there has been brisk selling and buying over the last few days when the capitalist system as we know it was supposed to end.

They are miners so are subject to worker and supply chain constipation. Particularly the former.

gg

the Capitalist system ( in it's current form ) probably broke completely in September 2019 , and they will continue lying about it for as long as they can to maximize the wealth transfer

so i notice GOR nearing the range i should CONSIDER if to top up , EVN needs to drop another 50 cents ( ish ) for me

 

[Sean K]

Seems like a fair bit of M&A is in the wind out west. Next will probably be the merger of GMD and SBM by the looks.

 

[Garpal Gumnut]

I haven't looked at Gold stocks since last year.

I must declare that the total amount of Gumnut headspace, until just now, devoted to GMiners has been less than 0.002%

What is the forum's opinion on our Gold Miners large and small?

Majors up or down, minor miners with prospects or hullabaloo ?

gg

 

[divs4ever]

I haven't looked at Gold stocks since last year.

I must declare that the total amount of Gumnut headspace, until just now, devoted to GMiners has been less than 0.002%

What is the forum's opinion on our Gold Miners large and small?

Majors up or down, minor miners with prospects or hullabaloo ?

gg

costs should rise ( despite the companies' best efforts )

earnings should be squeezed ( most companies, most sectors )

( cash ) liquidity should be abundant or scarce ( because the 'free-market system ' is broken ) so CBs will either print or tighten

i am calling this cycle now in a 'consolidation phase '

i think stock prices will ease lower

but will they become value or even cheap ??

 

[finicky]

 

[divs4ever]

well i would rather have exposure to gold producers than USD or UK pounds , but still worry about rising costs and squeezed margins

currency manipulations and weather events might create some interesting opportunities along the way

 

[Captain_Chaza]

I don't think you can put Silver and Gold in the Same sentence
Silver is used in Solar Panels and Gold is used for Door Stops when painted BLACK

 

[noirua]

I haven't looked at Gold stocks since last year.

I must declare that the total amount of Gumnut headspace, until just now, devoted to GMiners has been less than 0.002%

What is the forum's opinion on our Gold Miners large and small?

Majors up or down, minor miners with prospects or hullabaloo ?

gg

It doesn't seem to matter how large or small a producer is it remains high risk. The worlds largest company Newmont collapsed in price due to a drop in gold produced and we know about the woes of St Barbara on Gwalia Deeps and the Red5 debacle when cyanide leaked into a river. So research itself doesn't help all that much when investing in an individual company whether the market cap is $60 billion or $200 million.

 

[noirua]

Shows giant Newmont's fall from grace and the long roads back.

Newmont​

NEM​

Share Price​ 7 Day​ 1 Year​ 47.40​ -0.5%​ -34.9%​ First quarter 2023 earnings: EPS exceeds analyst expectations​ First quarter 2023 results: EPS: US$0.43 (down from US$0.55 in 1Q 2022). Revenue: US$2.68b (down 11% from 1Q 2022). Net income: US$339.0m (down 22% from 1Q 2022). Profit margin: 13% (down from 14% in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 87%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.​ ​