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 >

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

Gold in AUD, GOLD.AX, PMDS and Australian issues
nipper
post Posted: Aug 10 2019, 01:32 PM
  Quote Post


Posts: 5,836
Thanks: 2118


QUOTE
Perth Mint Gold (ASX CODE: PMGOLD) is a right to gold created by The Perth Mint, which gives investors the ability to purchase Government-backed gold via the Australian Securities Exchange (ASX).

PMGOLD suits investors who prefer to manage their gold investment within their stockbroking account along with their ASX-listed equities and other holdings.

About Perth Mint Gold
The ASX price of PMGOLD is intended to track the international spot price of gold in Australian dollars. PMGOLD has a number of features that make it attractive to investors, including:

Government guaranteed. PMGOLD is issued by Gold Corporation (trading as The Perth Mint), a statutory authority of the Government of Western Australia. The liabilities of Gold Corporation, including its obligations to PMGOLD investors, are guaranteed under section 22 of the Gold Corporation Act 1987, an Act of the Western Australian Parliament.

Physically redeemable. Unlike many gold exchange traded products, PMGOLD can be physically redeemed for any of The Perth Mint’s bullion coins and bars.

Fully backed. Holdings secured on behalf of investors in PMGOLD are fully underpinned by government-backed gold, which is safeguarded in The Perth Mint’s central bank grade vaults.

Low management fee. PMGOLD’s management fee is just 0.15%, one of the lowest fees worldwide for a gold exchange traded product.

Highly liquid. The Perth Mint, via its market making agents, ensures PMGOLD tracks the international spot price of gold by maintaining bid and offer prices and volume on the ASX at all times, in accordance with ASX rules.

- is there a catch?



--------------------
"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
 
nipper
post Posted: Aug 7 2019, 05:25 PM
  Quote Post


Posts: 5,836
Thanks: 2118


In Reply To: mullokintyre's post @ Aug 7 2019, 04:03 PM

rein it in?

Or, horse throws U, then get back on??



--------------------
"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
 
mullokintyre
post Posted: Aug 7 2019, 04:03 PM
  Quote Post


Posts: 1,833
Thanks: 690


In Reply To: mullokintyre's post @ Aug 2 2019, 09:25 PM

Had my biggest ever one day gain today.
Thanks to gold and silver.
2200 an ounce now.
Still riding this thing up.
Officially scared.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Aug 2 2019, 09:25 PM
  Quote Post


Posts: 1,833
Thanks: 690


In Reply To: triage's post @ Aug 2 2019, 07:23 PM

Still on the horse. Its galloping too fast foe me get off.
Need a canter.
Mick



--------------------
sent from my Olivetti Typewriter.
 
triage
post Posted: Aug 2 2019, 07:23 PM
  Quote Post


Posts: 3,741
Thanks: 1498


In Reply To: mullokintyre's post @ Aug 2 2019, 11:00 AM

You still on the horse, Mick? Looks someone's been slipping a bit of elephant juice into its feed bin of late.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
mullokintyre
post Posted: Aug 2 2019, 12:36 PM
  Quote Post


Posts: 1,833
Thanks: 690


In Reply To: nipper's post @ Aug 2 2019, 12:07 PM

I had stuck some low ball buys in a few weeks ago, but nothing got triggered.
Still miles up, so cant complain.
Mick



--------------------
sent from my Olivetti Typewriter.
 


nipper
post Posted: Aug 2 2019, 12:07 PM
  Quote Post


Posts: 5,836
Thanks: 2118


In Reply To: mullokintyre's post @ Aug 2 2019, 11:00 AM

Had my finger on the trigger, but missed. Too fast turnaround!!



--------------------
"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
 
mullokintyre
post Posted: Aug 2 2019, 11:00 AM
  Quote Post


Posts: 1,833
Thanks: 690


After yesterdays big sell off in PM stocks, they are back with a vengeance today. With the double whammy of a jump in Gold in USD terms, plus a big fall in AUD to levels not seen since the GFC,
Gold has hit AUD 2125 , up about 28% in the past 12 months. It has broken out of the upward channel that has been in place since 2014.
There is every liklihood it will keep going in this phase.
In USD, gold is still a long way from the late 2010/early 2011 highs of 1900, so there is still a bit of a way to go to get into uncharted territory.

Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: nipper  triage  
 
nipper
post Posted: Jul 25 2019, 04:53 PM
  Quote Post


Posts: 5,836
Thanks: 2118


You've done well, Mick.

Golden Opportunitiespportunities on the ASX
https://www.sharecafe.com.au/2019/07/25/sni...ies-on-the-asx/ ..... Tim Boreham has a walkthrough:

QUOTE
In $A terms gold has increased 11 per cent since January and almost 20 per cent over the last year. According RBC Capital Markets, the average share price for the producers (both small and large) gained 20 per cent in the June quarter. That’s despite producers Gascoyne Resources and Coolgardie Minerals falling into administration and other production whoopsies elsewhere.

For investors, the purest proxy to having a gold bar under the bed is an established producer such as Newcrest Mining (NCM, $33.77), the biggest ASX-listed gold stock with a masculine $24 billion valuation.

Newcrest should have produced just over 2.4 million ounces in 2018-19, with broker Morgans forecasting an $US564m ($805m) profit on $US3.719 billion of revenue. But two if Newcrest’s key mines (Telfer and Gosowong) look tired and it will be a while before its offshore growth projects (Wafi-Golpu in Indonesia and Red Chris in Canada) are advanced.

The other sectoral big bananas Northern Star Resources (NST, $13.97) and Evolution Mining (EVN, $5.01) are enjoying robust production, but their shares have run hard and arguably they are fully valued (if not are overvalued).

What about the emerging producers and the up and comers?

Gold Road (GOR, $1.40) recently cracked the $1 billion market cap barrier and an entrée into the ASX300 index after pouring the first three gold bars (1138 ounces worth a handy $2.27m) from its $620m Gruyere project near Kalgoorlie.A joint venture with South African giant Gold Fields Ltd, the open-cut mine is slated for substantive output of 300,000 ounces over a 12-year mine life. With a 3.92 million ounce resource, Gruyere is one of the country’s biggest mines. Yet the deposit – unearthed only six years ago – remained undeveloped for decades because it was buried under a thick overlay of sand.

Prudently, Gold Road has hedged (forward sold) 130,000 ounces – 30 percent of output attributable to the company for the next three years – but CEO Duncan Gibbs isn’t making any rash predictions about the gold price. “What’s to say gold won’t go to $2500 an ounce or back to $1500 an ounce,” he says. “I just don’t know”.

In the mid-tier, the market has re-rated WA producer Ramelius Resources (RMS, 84c) since the company fended off a rival bidder to acquire listed counterpart Explaurum Ltd in a scrip offer. But arguably Ramelius is still undervalued relative to its peers. The Explauram takeover added the 485,000 ounce Tampia Hill project to the Ramelius portfolio, which includes the producing Mt Magnet and Edna May mines and the Marda project (picked up from the administrators of Black Oak Minerals for $10m).

Ramelius produced 196,000 ounces in the 2018-19 year at an all-in cost of $1175-1225 an ounce, with forecast output of 205,000 to 225,000 ounces in the current year. The company is currently valued at $460m, including $104m of cash and gold inventories.

Another mid level play with an interesting valuation is Dacian Gold (DCN, 64c), which lost three quarters of its value after slashing June quarter production guidance and increasing its per-ounce cost estimates. The shares have strongly recovered since after the company released a revised mine plan for the next eight years.

Dacian’s mainstay Mt Morgan operation is slated to produce an average 170,000 ounces a year over the first five years of the plan, with 150,000-170,000 ounces forecast for the current year.

Broker Citi forecasts a small loss for the 2019-20 year, rebounding to a $63m profit for the current year. On these numbers the stock is trading on an earnings multiple of a little over two times.

To capitalise on the buoyant gold price, Dacian has hedged 147,000 ounces – 13 per cent of its expected life-of-mine output, at an average $1810 an ounce. Dacian’s current valuation stands at $246m with its cash kitty of $45m comfortably servicing $105 million of debt.

At the exploration end of the market, Chalice Gold Mines (CHN, 16c) is the talk around the saloons because of its capacious cash that’s being put to good use at its Pyramid Hill prospect in Victoria. Chalice has also executed what looks like a handy deal to sell its tenements in Quebec to O3 Mining, an offshoot of Osisko Mining. The deal saw Chalice receive 3.092m shares in O3 and is also entitled to a one per cent net smelter royalty.

While giving Chalice holders an ongoing exposure to the ground, the Canadian deal allows Chalice to focus on Pyramid Hill, where it is seeking to find out how far the historically fecund Bendigo Zone extends below Murray Basin sediments. On July 8 the company said a 39,000 metre phase one aircore drilling program had identified three “strike-extensive mineralised trends” for further perusal.

Broker Patersons reckon Chalice has more than a “more than a fair chance of success” at Pyramid Hill, with the prospect (excuse the pun) of catching up with the more advanced Catalyst Metals (CYL) and Navarre Minerals (NML).

Valued at $170m, Catalyst is 14 percent owned by St Barbara Ltd and 11 percent by Gina Rinehart’s Hancock Prospecting.

Chalice has also acquired nickel prospects in WA’s Kimberley region. Yes, the ground is remote and hasn’t been worked, but isn’t the best chance of finding something to go where no one has looked?

Chalice’s cash of $21.7m compares with a miserly mark cap of $37m (14c a share). And don’t forget the O3 shares were worth around $11m last time we looked....




--------------------
"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
 
mullokintyre
post Posted: Jul 25 2019, 12:00 PM
  Quote Post


Posts: 1,833
Thanks: 690


In Reply To: nipper's post @ Jun 5 2019, 06:24 PM

Wow, for a company that had its wheels fall off and suffered from mismanagement, DCN has now doubled.
I bought into this when it got down to 53.
I just felt there had been an over reaction.
From highs approaching 3 bucks to 50 cents is a fall way too steep for what changed.
Similar to SBM. The initial market reaction was over the top.
I can't believe the ridiculous heights that my gold stocks have reached.

Every time I think it must be near the to for them, it just keeps pushing on.
Just going to sit back and enjoy the ride.
RMS up 56%. EVN up 22%. SLR up 155%. SBM up 20%
And thats despute offloading some and reentering during this last run up.
Unreal.
Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: nipper  
 
 


23 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