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Gold, Discussion
theflasherman
post Posted: Mar 8 2004, 11:22 AM
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IN REPLY TO A POST BY King Kong, Monday 08/03/04 01:21am

by the same token HIG could be of interest



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[b]Later, Flash[/b]
 
King Kong
post Posted: Mar 8 2004, 11:21 AM
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Yes exactley flasherman. LHG got a lot of attention when NDY was taken over, its a defnite candidate in my opinion.

 
King Kong
post Posted: Mar 8 2004, 11:19 AM
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IN REPLY TO A POST BY rotuma, Sat 10/01/04 09:57pm

Check out RSG as well. Of the two I reckon BSG has greater scope for movement, but OXR is also a good choice. Know nothing about the others.
LHG might be a takeover play, was talk of this some time back when NDY was takenover, plus DRD has interests in PNG already soooo

 
theflasherman
post Posted: Mar 8 2004, 11:17 AM
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IN REPLY TO A POST BY King Kong, Monday 08/03/04 01:16am

My first thought was LHG given that DRD bought OSH's Pogera interest and therefore don't mind PNG.



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[b]Later, Flash[/b]
 
King Kong
post Posted: Mar 8 2004, 11:16 AM
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LHG? Maybe even RSG

 
theflasherman
post Posted: Mar 8 2004, 10:56 AM
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Time to get out a list of Aussie gold producers as DRD stated they want to acquire more companies after Emperor to boost production. I'm not an expert here, so who can start us off with a few names?



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[b]Later, Flash[/b]
 


fumod
post Posted: Feb 17 2004, 08:10 AM
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IN REPLY TO A POST BY saxien, Tue 06/01/04 10:29pm   [READ POST]

Saxien,
"the US currency has to devalue"
I think most agree, so I have been looking at the US Dollar Index as a yardstick measure.
I just noticed that it COULD could have the potential for a double bottom at 84.80 on 12 Jan and at 84.74 on 13 the Feb.
Chart still in downtrend but this signals a caution warning for a change. Not that I expect a quick uptrend but a lot of sloppy sideways action could be on the cards, which would have their effect on all commodities in general.
Just a warning sign for a possible change in trend.
Fumod

 
Cris
post Posted: Feb 7 2004, 09:29 AM
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IN REPLY TO A POST BY happychappy, Mon 12/01/04 04:55pm   [READ POST]

Hi Rotuma,

I'll add my two cents:

High potential growth for consideration:

1) Intec (INL) - recently graduated to gold producer - not yet on everyone's radar since recent 50/50 purchase of Hellyer project (Approx Au$1.6b in inferred metals) in Tasmania. Ivanhoe Mines owns the other 50% of the Hellyer Project. Intec, over many years, have also developed and patented mineral processing technologies for gold, copper, etc. Their copper process is proven. Their patented gold processing technology (Intec Refractory Gold Process - IRGP) is suited to approx 30% of the world's gold. Intec recently completed a pilot plant which will demonstrate their process. The first project through the pilot plant is Ivanhoe's, the second will be Hellyer gold. Intec will be targeting the above ground metals contained in the Hellyer's tailings dam (no digging required). There is much, much more to Intec's growth potential and I recommend a visit to their website @ http://www.intec.com.au/html/home/default.shtm - Trading approx 12.5-13c

2) Michelago (MIC) - Interests in China - watch very closely for additional good news. Trading approx 12.5c

3) Crown Diamonds (CRD) - Acquiring another significant diamond mine - under due diligence - watch for confirmation of acquisition.

Also consider ...

Croesus (CRS) - Have been around for a long time. Nickel assets recently vested in NKL through IPO last year - CRS maintain a majority shareholding. CRS paid a 1.5c (30% franked) dividend last year. Trading approx 50-52c

As always; the higher the potential return, the higher the risk so your own research is a necessity.

Regards,
Cris

 
happychappy
post Posted: Jan 12 2004, 04:55 PM
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IN REPLY TO A POST BY rotuma, Sat 10/01/04 09:57pm   [READ POST]

Hi Rotuma - the choice of company depends a lot on the risk/reward balance that you are after.

If you looking for a possible 10x bagger return (and can accept the risk of a 50-90% loss) then KCG, SMO would fit. There are lots more speccy gold stocks in this category than I can follow - but AMG, GBG come to mind as two that are worth looking at.

OXR/BSG are lower risk, higher quality, and valued accordingly.

Other good lower risk stocks would include GRD (for exposure to Oceania gold float) & SED (emerging gold producer - see also the posts by Redned71 on Asxboard and ozestock).

I also like ADU a lot, but the price has moved sharply upwards recently.

R/happy




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moneyman888
post Posted: Jan 12 2004, 04:36 PM
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IN REPLY TO A POST BY rotuma, Sat 10/01/04 10:57pm   [READ POST]

Hi,

Another tack you could take if you want exposure to gold and are thinking medium-long term (1year+) is to buy gold outright.

The symbol GOLD represents 1/10 of a fine troy ounce and I hold a small quantity of this as part of my investment portfolio.

More info can be found on the ASX site http://www.asx.com.au/markets/Gold_AM2.shtm

This way I am exposed to the rising gold price, and do not need to worry about company mining or production expenses eating into profits, company hedging policies (as I can take care of this myself) nor executives granting options or doing similar and destroying shareholder value in the process.

I agree with the bullish comments elsewhere on this forum and believe that for the reasons outlined including the US currency fiasco due to their 1/2 trillion dollar deficit that gold will be above US$700 within 24 months.

Cheers



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Life does not have to be empty or faced alone
 
 


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