Gold stocks

[brerwallabi]

Well gold has breached and closed above that all important technical resistance line 100dma of $426.80US and also the 200dma of $427.10US, I thought it might have made $430 this week,it looks like there is no reason why it should retrace to $450 over the coming weeks espcially if that euro keeps falling against the dollar.

 

[Mofra]

interested in why you think this?
They are predominantly dealing in Rand (for the gold sales) so why would AGG do any better here?

In my opinion, the best way to alleviate currency risk is to hold a few miners who have earnings in various currencies - most holders here would be holding Aussie stocks exposed only to the gold price in AUS$ - yes AGG have roughly 3/4 of their earning in rand and 1/4 in other currencies, but it does help the balance if you are holding mostly Aussie gold stocks. Perhaps I should have slipped a few others in there, sorry

I have had suggestions to look at the Toronto Stock Exchange for some other decent gold plays, don't hold any yet but this looks like a reasonable place to gain an overview:

http://www.investcom.com/tse300/s&pgold.htm

 

[bvbfan]

In my opinion, the best way to alleviate currency risk is to hold a few miners who have earnings in various currencies - most holders here would be holding Aussie stocks exposed only to the gold price in AUS$ - yes AGG have roughly 3/4 of their earning in rand and 1/4 in other currencies, but it does help the balance if you are holding mostly Aussie gold stocks. Perhaps I should have slipped a few others in there, sorry

I agree its good to have some miners that have earnings in USD or other currency, but Rand was one of the worst as most mines in South Africa are marginal and with the strong Rand around 6.00 a lot of these were running at a loss.
The Ashanti acquisition may have helped AGG a little but the hedgebook they inherited would have been a concern too

I did have a list of possible Toronto listed plays but can't seem to find it now
I think NovaGold was one

 

[chicken]

The emerging gold producer after buying SWG gold assets for a bargain basement price, SBM....at present 13cents...capitalised at $75 million...with 9.2 million ozs in the ground must be the cheapest gold stock on the ASX...make your research......their assets are over $300 million....

 

[brerwallabi]

Chicken do more research -there are others out there which you can trade, good luck with SBM HOPE YOUR WAIT IS NOT TO LONG - gold is the flavour now.

 

[Hanrahan]

I did have a list of possible Toronto listed plays but can't seem to find it now
I think NovaGold was one

Gammon Lake is another, with good dirt in Mexico which, to my mind, is an excellent place for miners.

Another is Seabridge but all I know of them is that they have a lot of ounces in the ground but (a year ago) no plans to mine.

Note that I am not recommending them. They may be better at PR than mining.

H

 

[chicken]

Chicken do more research -there are others out there which you can trade, good luck with SBM HOPE YOUR WAIT IS NOT TO LONG - gold is the flavour now.

I just wanted to point out a stock which is dirt cheap...CHECK SBM announcement today and you will see what I mean....not flavour but common sense...remember ZINIFEX...my post,found it at SHARES magazine...also SBM....ZINIFEX is just rising and rising in price now $3.40 and still going higher....SBM has fantastic gold assets check it out since they bought SWG assest at bargain basement prices...check out the directors...all highly qualiefied in their field...company with future...and now GOLD producer again..with great managment..after all Tim Treadbolt who wrote the article knows as he is a Geologist journalist and so far he pointed me to ZINIFEX,and now to ST BARBARA MINES as stock with a future...when I mentioned Zinifex a lot of poster rubbished me well look at them now...so will SBM go....the market has just to confirm what is said and look out at 13cents its a steal....make your research

 

[Caliente]

One of my puppies, Oxiana (OXR) has finally broken through the clouds in full force!!!

Gold Company of the Year 2005 but had a very mediocre time in the last few months. Hopefully on the back of this latest announcement they can cement their place further in the Gold Industry!

PS - check their diggers presentation, last slide. Some quality Paintshop Work there

 

[ramjet]

NMC - NuStar mining is another

 

[brerwallabi]

I just wanted to point out a stock which is dirt cheap...CHECK SBM announcement today and you will see what I mean....not flavour but common sense...remember ZINIFEX...my post,found it at SHARES magazine...also SBM....ZINIFEX is just rising and rising in price now $3.40 and still going higher....SBM has fantastic gold assets check it out since they bought SWG assest at bargain basement prices...check out the directors...all highly qualiefied in their field...company with future...and now GOLD producer again..with great managment..after all Tim Treadbolt who wrote the article knows as he is a Geologist journalist and so far he pointed me to ZINIFEX,and now to ST BARBARA MINES as stock with a future...when I mentioned Zinifex a lot of poster rubbished me well look at them now...so will SBM go....the market has just to confirm what is said and look out at 13cents its a steal....make your research

Hi Chicken
I know all about SBM I have had some taipan in my drawer for a lot of years which I almost had totally forgotten about, best thing that has happened has been the unreliable ( changed my words from what I oringinally typed) SMB management has bailed out of taipan which is now NMC. Reasons I believe was needed cash, anyway check out all management of SBM I think that there is some old culture in SMB still left, went nowhere for years and now some quick make a buck yanks have arrived in SBM does not mean thyr are going to turn it around. If you think share magizine recommendations are the answer to my quest for a early retirement please pay my subscription and I will promise I will pay you back double. I hope I am wrong for your sake.

 

[chicken]

Hi Chicken
I know all about SBM I have had some taipan in my drawer for a lot of years which I almost had totally forgotten about, best thing that has happened has been the unreliable ( changed my words from what I oringinally typed) SMB management has bailed out of taipan which is now NMC. Reasons I believe was needed cash, anyway check out all management of SBM I think that there is some old culture in SMB still left, went nowhere for years and now some quick make a buck yanks have arrived in SBM does not mean thyr are going to turn it around. If you think share magizine recommendations are the answer to my quest for a early retirement please pay my subscription and I will promise I will pay you back double. I hope I am wrong for your sake.

I think if you look at the directors they have all changed ,the intresting one is their legal counsel...who IS ALSO A DIRECTOR FOR ZINIFEX...dont you think their maybe a connection here I have a feeling there is.....as Zinifex are in the market in growing their group larger....just my observation....usually one plus one makes TWO....and as Zinifex are going along like a rocket a gold division with hugh upside and proven reserves are allways welcome especially at the present price..I am watching if there is a volume pickup......and perhaps I will be proven right..intresting

 

[Profitseeker]

Its getting exciting.

 

[chicken]

Its getting exciting.

You can say that again....StBarbara the gold producer is to drill nickel target...this is what was said DIGGERS & DEALEARS KALGORLIE St Barbara mines is about to start drill testing a nickel sulphide target north of Leonora thats said to have a similarieties with Jubilee mines bonanzCosmos deposit.
St Barbara CEO Ed Eshuys told Diggers & Dealers that the company believed its Sullivan prospect had a similar signature to the unique magnetic anomaly that indicated Cosmos.
The 8 km trend comprising Sullivan has been lightly drilled previously, returning assays in the weathered zone close to the ultramafic contact of up to 0.5%nickel and 400ppm copper.
St Barbara produces gold from the Southern Cross operations previously owned by Sons of Gwalia and acquired in March. Forecast production in 2005/2006 is put at 150000 ounces at cah costs of $415/oz , with the company working on significantly improving those numbers in future years....

 

[Profitseeker]

It would seem that you can get a good return on picking up resource stocks a year prior to them actually producing. Better make sure they are not going tyo suffer delays though.

Go newcrest.

 

[chicken]

Go newcrest.

Profitseeker I love your comment.....SBM are producing gold they produced over 86000 ozs of gold in the last 3 months April/June from their purchase of SWG...now they are drilling for Nickel and that looks very positive...% wise this stock will give you great upside I have been in Newcrest bought at $1,65 and sold at $6.65 thought I did well...but SBM will give the returns within the next 6 to 12 months at a higher %%% than you would ever achieve from Newcrest...DO YOUR RESEARCH....

 

[Caliente]

"SBM will give the returns within the next 6 to 12 months at a higher %%% than you would ever achieve from Newcrest"

Well my outlook isn't quite THAT optimistic, but hey, I aint complainin'

PS- strongest Gold Stock based on company credentials imho is OXR. The MD Owen Hegarty has the Midas Touch and this stock looks to be firing on all cylinders.

Any other players in the gold segment that are worth a mention?

 

[GreatPig]

No idea about company credentials, but Tanami Gold has been nice to me these last few days I've held it

Cheers,
GP

 

[Profitseeker]

I've looked at this stock greatpig. The reason I wasn't tempted was that they jut seem to explore. When they find a field of gold nuggets they just seem to sell it.

 

[Profitseeker]

"SBM will give the returns within the next 6 to 12 months at a higher %%% than you would ever achieve from Newcrest"

Well my outlook isn't quite THAT optimistic, but hey, I aint complainin'

PS- strongest Gold Stock based on company credentials imho is OXR. The MD Owen Hegarty has the Midas Touch and this stock looks to be firing on all cylinders.

Any other players in the gold segment that are worth a mention?

BDG

 

[Profitseeker]

Profitseeker I love your comment.....SBM are producing gold they produced over 86000 ozs of gold in the last 3 months April/June from their purchase of SWG...now they are drilling for Nickel and that looks very positive...% wise this stock will give you great upside I have been in Newcrest bought at $1,65 and sold at $6.65 thought I did well...but SBM will give the returns within the next 6 to 12 months at a higher %%% than you would ever achieve from Newcrest...DO YOUR RESEARCH....

A wise man once told me that you can not lose on a profit chicken so by all accounts you did do pretty well. Will look in to SBM. Not the first time I have heard about them.