Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

121 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Gold, Gold Companies worth buying
joules mm1
post Posted: Oct 10 2019, 04:46 PM
  Quote Post


Posts: 990
Thanks: 223


by breaking the overhead down-channel roof pricing would signal bids have won
by passing thru midline confidence of price moving to the lower channel line raises the sellside liquidity
both metals have symmetric channels typical of trend but the whipsaws will disguise the structure, nice volatility!!

arrows=STO
Attached Image





--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Oct 10 2019, 02:49 PM
  Quote Post


Posts: 990
Thanks: 223


In Reply To: joules mm1's post @ Oct 8 2019, 02:54 PM

if venus have clear proof of a confidentiality agreement,

that cannot be misconstrued, then them waiting for spectrum to find decent size resource is extremely shrewd
if they do not have a concise unequivocal agreement that pre-existed the whole thing is going to get very messy and costly for s/h's

https://www.asx.com.au/asxpdf/20191010/pdf/...clpcz1ltjrf.pdf



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Oct 8 2019, 02:54 PM
  Quote Post


Posts: 990
Thanks: 223


In Reply To: joules mm1's post @ Oct 1 2019, 05:32 PM

price rallied well today, unlike recent buy-up that were sold into todays run has held up well on added volume
closing at or near the HOD would be a top sign the test of the auction conviction is complete




--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
Nopoo
post Posted: Oct 8 2019, 09:12 AM
  Quote Post


Posts: 122
Thanks: 4


Former Senior Vice President of Ivanhoe Mining ltd. Joins Guyana Goldstrike

World Class Mining Executive Appointed-Former Senior Vice President of Ivanhoe Mining Joins Guyana Goldstrike



Guyana Goldstrike Inc. (TSXV: GYA) (OTC:GYNAF) (FSE:1ZT) announced that Mr. Edward Rochette has joined their Board of Directors. Mr. Rochette is best known in the mining industry in his role of Senior Vice President of Ivanhoe Mining ltd. where he spent 25 years negotiating and acquiring various projects in over 35 countries. Mr. Rochette presently consults for Mr. Robert Friedland, founder and Executive Co-Chairman of Ivanhoe Mines Ltd., conducting mineral acquisitions in Utah, Nevada, Arizona and China.

https://www.guyanagoldstrike.com/






--------------------
Nopoo
 
joules mm1
post Posted: Oct 1 2019, 05:32 PM
  Quote Post


Posts: 990
Thanks: 223


In Reply To: joules mm1's post @ Sep 26 2019, 01:52 PM

$spx in prev post appears to be headed to the 6c level, maybe exceed to .054's(?)
suspect it'll be a quick turnaround
the stock is primed for a whooshka event, most likely on a decent find,
the stock can already find joint partners to make a mine and go into production
once the initial shock of gold rotation in US s is over there'll likely be a resurgence of the possibility psyche (bulltrend mentality)which will aid most local goldies that are taking hits the past two trading weeks
the $XGD (it's components) chart looks like it needs one more high as it's mostly represents gold in AUD's so valuations are up for guesses right now
the pattern suggests a long unwinding process before leading to new index highs



--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Sep 26 2019, 01:52 PM
  Quote Post


Posts: 990
Thanks: 223


$ASX:SPX
after the initial hype and deep pocket buy-ins this stock is now rangebound based on the sell into any strength and the diminishing discretionary activity in the auction, in the 6-8c range this stock is offering good value i think if you have the patience to ...on the last release the market decided that release offered enough strength in the auction to sell into (albeit small daily turnover) and now late-comers are trapped...closer to 6c offer back of the napkin decent value even if gold/silver take decent hair cuts, it would have to be based on production of the site and possibility of largest find todate exceeding the current inground resource ......every likely a decent find will force a strong whip-up but that doesnt necessarily equate to a strong trend

RXL and VMC (joint venture) had a decent release and both failed to make higher highs .....so clearly there's tentative outlook and most players who wanted in, on recognition of the big swing in xauusd and xauaud, are now in ......

local SPX worth the DD tho
(not held)




--------------------
. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 


nipper
post Posted: Sep 21 2019, 06:33 PM
  Quote Post


Posts: 6,187
Thanks: 2194


Alkane’s strong copper-gold hit re-ignites interest in NSW’s porphyry potential. ..... Spotlight turns to Alkane’s highly leveraged neighbours DevEx and Alice Queen
- by Barry FitzGerald
QUOTE
Alkane’s (ASX:ALK) big porphyry gold-copper hit at its Boda prospect in NSW’s central west continues to be the talk of mining investor circles. The 502m intersection grading 0.48g/t gold and 0.2% copper has seen Alkane’s share price climb almost 80% to 67.5c since it was announced on September 9.

Alkane said the drilling results provided “clear evidence of Cadia-style mineralisation and grade over hundreds of metres”, Cadia is of course the 3 billion tonne resource grading 0.36g/t gold and 0.26% copper being mined by Newcrest near Orange, with its gold production costs (after copper credits) coming in at a magical $US171/oz for the 912,000oz produced in FY2019.

Apart from the well-deserved share price spike for Alkane, the Boda find has served as a reminder that while NSW’s porphyry systems have already delivered world-class operations like Cadia and Northparkes (China’s CMOC), there could be plenty more to come.

That’s why interest in upcoming NSW porphyry drilling programs, particularly among the juniors where leverage to a big porphyry discovery is extreme, has taken off since Alkane released the Boda hit.

DevEx
The increased interest in the NSW porphyry hunt as a result of the Boda discovery is sweetly-timed for DevEx (ASX:DEV), which is trading at all of 7.7c for a market cap of $10m. It began working up a NSW porphyry strategy a couple of years back and Alkane’s success comes just as it gets to the exciting part of drilling the targets it has generated at its Bogong and Junee projects, with the first holes likely in the December quarter.

In light of Alkane’s success, and the credentials of the Bogong and Junee targets, DevEx could be in for some interesting times.

Bogong is an interesting one in that it is kind of already a “discovery” given the presence of high-grade historic copper workings and a drill hole 45 years ago by a long-gone company which returned 54.9m at 1.1% copper from 6.1m and 9.2m at 2% copper from 39.6m. It was not assayed for gold. Rock chip results from samples collected by DeVex have returned assays of up to 10% copper and 0.47g/t gold associated with a porphyry intrusive.

Taking all of the information together, DeVex reckons it is on to an open-ended copper-gold system which extends for more than 500m of strike with a width of about 100m – one which has never been lit up by modern day geophysics or drilling. DeVex is out to change all that, with geophysics planned to start this month to define drill targets for the fourth quarter drilling program.

The Junee project, 60km north-west of the Bogong project, was zeroed in on by DeVex after the NSW Geological Survey suggested that rocks within the project area were prospective for large-scale Cadia and Northparkes-type porphyry systems in that it was a southern extension of the Junee-Narromine Volcanic Belt.

The majority of the prospective rocks are masked by transported cover so the project area has missed out on the intense exploration efforts on the belt to the north, though there was some limited drilling 20 years ago.

That suits DeVex fine as there is nothing worse than trying to find a big discovery by having to drill in between myriad holes drilled by others. It has been working up targets where the rocks are exposed and is planning to firm up drill targets with some geophysical work.

It all means that the junior will likely be drilling two porphyry copper-gold targets in NSW at the same time.

ALICE QUEEN
Alice Queen (ASX:AQX) is another to benefit from the interest generated by the Alkane discovery. That should be no surprise given Alkane’s discovery hole lies within 700m of the boundary of the company’s Yarindury project tenement.

What’s more, Alice Queen reckons that based on magnetic data, the prospective Cadia-age rocks intersected at Boda extend at surface into its Yarindury ground where a trouser leg-shaped part of the tenement runs down from the north.

It said if Alkane’s find proves to be a Cadia-scale (7km by 2km) porphyry field, then it is quite possible that significant mineralisation will extend across the boundary into its ground.

“As a priority Alice Queen will be surface mapping and sampling this adjacent area with a view to developing near-term drilling targets,” the company said.

Now it has to be said that Alice Queen has not been waiting for the Alkane discovery as it has been working up multiple drill targets under thin cover along its coverage of the northern reaches of the Molong volcanic belt.

With its modest 1.9c share price for a market cap of $14m, Alice Queen was getting prepared though to bring in a partner with deeper pockets to fund a drilling campaign.

But because of Alkane’s success, Alice Queen’s phone has been ringing hot with fund manager-types asking if they could be of assistance. So the intention now is to self-fund the work on the ground adjacent to Boda and drill its priority targets to the north.

If any junior other than Alice Queen was making calls on what an adjacent discovery might mean for them, it would likely be dismissed as some nearology nonsense. But the company’s technical adviser is none other than John Holliday, a co-discoverer of the Cadia deposits back in the 1990s when he worked for Newcrest in what was a long career of finding things.

Holliday reckons Alkane has made the best porphyry exploration discovery in NSW’s broader Lachlan Fold Belt, away from the three mine centres (Cadia, Cowal and Northparkes), in the last 20 or so years. He signed off on Alice Queen’s NSW exploration update saying that Alkane discovery had “clearly further enhanced the prospectivity” of Alice Queen’s tenements which cover the same belt of rocks in areas where they have hardly been explored because of the cover.

In the meantime, St Barbara (ASX:SBM) has started on its $4m farm-in deal under which it can earn a 70% interest in an exploration joint venture at Alice Queen’s Horn Island gold project. Drilling for a large-scale intrusion related gold system is likely to get going in the new year and like Alice Queen’s upcoming drilling back in NSW, will be one to watch.

Importantly, the existing 500,000oz gold resource outlined by Alice Queen is not part of the joint venture, nor is the infrastructure left over from a past gold mining operation on the island.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: triage  
 
nipper
post Posted: Sep 16 2019, 08:51 PM
  Quote Post


Posts: 6,187
Thanks: 2194


QUOTE
The ASX-listed gold mining space could be in for a major equity raising in the months ahead, as Credit Suisse starts moving on a sale of Barrick Gold’s interest in the $1bn-odd Super Pit mine. It is understood that the Swiss bank has started contacting potential suitors for the sale, with documents expected to soon hit the desks of bidders. The expectation is that Barrick’s 50 per cent interest in the mine will sell for between $US300m and $US400m ($436m-$581m).

So far, the listed Northern Star is considered the most likely buyer, but other groups expected to take an information memorandum include Evolution Mining and offshore groups such as Gold Fields, Zijin Mining and Canadian miner Kirkland Lake Gold.

Should Northern Star or Evolution Mining buy the interest, the expectation is that an equity raising could be launched.......

https://www.theaustralian.com.au/business/d...0c0dcc5da8b5afc

- of course Newmont own the other 50%, and is considered to be a likely seller as well. ....

.....So, why are they selling?




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Sep 12 2019, 07:13 PM
  Quote Post


Posts: 6,187
Thanks: 2194


In Reply To: zac's post @ Sep 12 2019, 05:09 PM

Yeah, I thought they were pretty timid incremental changes. No-one is going to lose their jobs over such projections.

Of course the wildcard is AUD which may or may not continue its gentle downward trajectory.

- challenges to US status as Reserve Currency have fallen aside often enough up to now. Any catharsis that would bring change about would have other much more serious implications for the world's economies.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
zac
post Posted: Sep 12 2019, 05:09 PM
  Quote Post


Posts: 558
Thanks: 21


In Reply To: nipper's post @ Sep 12 2019, 04:21 PM



We have all heard much higher forecasts for years.

Personally, I have recently heard indirectly through a very, very influential, extremely wealthy Chinese connection that as it is China and Russia's (among others) aim to break away from US$ as the pre-eminent fiat, forecasts as high as US$3000 by end of 2020 and $4000 by end 2021. Imagine the relative AU$ value !

Obviously we can treat this as hearsay and only time will tell the veracity of such predictions.

In any event, I believe we are at the beginning of a very strong bull run and whilst there will be wild fluctuations over the effluxion of time, nevertheless, as the world's troubles seem to be endless and approaching critical times, gold should be on a strong trajectory. It will finally be very interesting to witness when and at what level it overruns. $5000-10000-???

 
 


121 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING