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, sorrybvbfan said:interested in why you think this?
They are predominantly dealing in Rand (for the gold sales) so why would AGG do any better here?
Mofra said: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
Gammon Lake is another, with good dirt in Mexico which, to my mind, is an excellent place for miners.bvbfan said:I did have a list of possible Toronto listed plays but can't seem to find it now
I think NovaGold was one
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 researchbrerwallabi said: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.
Hi Chickenchicken said: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
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..intrestingbrerwallabi said: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.
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.Profitseeker said:Its getting exciting.
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....Profitseeker said:Go newcrest.
Caliente said:"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?
chicken said: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....
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