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Gold, Gold Companies worth buying
nipper
post Posted: Sep 16 2019, 08:51 PM
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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?




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"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

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nipper
post Posted: Sep 12 2019, 07:13 PM
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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.



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"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
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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-???

 
nipper
post Posted: Sep 12 2019, 04:21 PM
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Citi has made some wholesale changes to its view on the Australian gold sector following an upgrade to its gold price forecast. The bank now expects the gold price to average $US1,575 in the December quarter of 2019, a 9 per cent uplift, rising to $US1,675 an ounce in 2020 and $US1,750 and ounce in 2021.

OceanaGold and Northern Star Resources were upgraded to buy from neutral, while Evolution, Newcrest Mining, Regis Resources, Saracen and St Barbara Mines were upgraded to neutral from sell.

"These upgrades include significant earnings per share increases," the broker said, noting: "If high gold prices are a signal of global macroeconomic and political strife, they may not be entirely good news for gold equities."

The analysts said that the companies that benefit from a rising gold price are also defensive – those with low operating costs, strong free cash flow. modest capital expenditure requirements, low gearing and options for organic growth.

"Our best ASX 100 gold pick in this scenario is Northern Star, while among the higher-risk names it’s Resolute." "Our view of Evolution Mining and Newcrest Mining has improved, after share price falls, although we’re concerned about the possible effects on gold production if the eastern Australian drought, which started in 2017, continues for the medium term."




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"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

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nipper
post Posted: Sep 9 2019, 12:41 PM
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When did you start positioning for the gold rally?

We’ve been investing in Australian dollar-exposed gold stocks since early 2015 - when the $A gold bull market started; $A gold is up more than 70 per cent since. The US dollar gold rally started in October 2018 and is up around 30 per cent since. We’ve been progressively increasing our $A gold exposures since late 2018.

What are your preferred equity exposures in gold right now?

Alacer Gold AQG is the standout large cap gold producer and very much still attractively priced despite its re-rating. Its Copler mine is world class and now cashflowing strongly after successfully coming out of a major spend phase. Alacer is unhedged to rising gold prices, unlike its ASX-listed producer peers, which is a significant bonus.

How much of your thesis is predicated on the macro?

A lot. Recession fears, trade wars, yield curve inversion, a one-in-ten-year Fed cash rate-cutting cycle underway, halting QT [quantitative tightening] by central banks and scope of more QE [quantitative easing], are all providing strong tailwinds for our gold thesis. Note the top four $US gold bull markets in history were all during US rate cut cycles.

Does Paragon have a gold price forecast?

Whilst we believe it’s going higher, we expect to do well in our gold stock picks at current gold price levels. Any higher gold price is simply a bonus.

Is there a gold play you like that would be described as more speculative?

Ora Banda Mining, which is a small cap gold developer and not yet in production. However, it is very well placed, boasting a strong balance sheet and having modest capital needs for near-term 100,000 ounces [per year] five years-plus production. At spot gold prices, Ora Banda could be free cashflowing $100 million per annum versus its current market cap of $100 million. We expect it to go multiples.

John Deniz is the chief investment officer of Paragon Funds Management.




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"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
 
Nopoo
post Posted: Sep 5 2019, 11:40 AM
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Chairman of K92 Mining Inc. Joins Guyana Goldstrike Inc.





Guyana Goldstrike Appoints Senior Mining Executive Mr. Robert Stuart (Tookie) Angus to the Advisory Board



September 3, 2019 - TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to announce the appointment of Mr. Robert Stuart (Tookie) Angus as an Advisor to the Board of Directors. Mr. Angus joins Mr. Sandy McVey and Dr. Tony Guo on the Advisory Board and will advise the Company on strategic and developmental matters relating to the Marudi Gold Project ("Marudi" or the "Property") located in the Guiana Shield, Guyana, South America.

Mr. Peter Berdusco, President and CEO states,

"With exploration and resource development moving forward at our Marudi Gold Project, the need to grow our team with industry experts has never been more important. Mr. Angus' extensive mining experience in the base and precious metals resource sectors brings to Marudi the required acumen needed for success. Having Mr. Angus available to us is invaluable. We welcome him onboard."

Robert Stuart (Tookie) Angus, LLB, Biography:

Mr. Angus is an independent business advisor to the mining industry and is presently Chairman of San Marco Resources Inc, K92 Mining Inc, and Kenadyr Mining (Holdings) Corp. He was formerly Head of the Global Mining Group for Fasken Martineau. For the past 40 years, Mr. Angus has focused on structuring and financing significant international exploration, development and mining ventures. More recently, he was managing Director of Mergers & Acquisitions for Endeavour Financial and was responsible for merger and acquisition mandates. Mr. Angus is the former Chairman of the Board of BC Sugar Refinery Limited, he was a Director of First Quantum Minerals until June 2005, a Director of Canico Resources Corporation until its takeover by Brazil's CVRD in 2005, a Director of Bema Gold Corp. until its takeover by Kinross Gold Corporation in 2007, a Director of Ventana Gold Corp. until its takeover by AUX Canada Acquisition Inc. in 2011 and a Director of Plutonic Power Corporation until its merger with Magma Energy Corp. in 2011. He resigned June 30, 2017 as Chair of Nevsun Resources Ltd following its acquisition of Reservoir Minerals.

About the Marudi Gold Project

The Company is developing the Marudi Gold Project which has an 17-mining license is located in Guyana, South America. There has been historic diamond drilling completed on the project by prior operators that have delineated two zones of mineralization: Mazoa Hill and Marudi North zones. The Company has completed a mineral resource estimate on the Mazoa Hill zone containing 259,100 indicated gold ounces within 4,428,000 tonnes grading 1.8 g/t and 86,200 inferred gold ounces within 1,653,000 tonnes grading 1.6 g/t. The Company has recently discovered a third mineralized zone: Toucan Ridge. There exists excellent exploration upside for the further discovery of mineralized zones through the development of previously and newly identified mineralized bedrock targets on the project.

For information concerning the mineral resource estimate and the project, readers are encouraged to review "Technical Report: Marudi Property Mazoa Hill Mineral Resource Estimate", a technical report prepared for the Company by Global Mineral Resource Services and is available at: GYA Mazoa Hill Zone 43-101 and under the Company's profile on SEDAR www.sedar.com.

About Guyana

The Republic of Guyana is located in South America adjacent to Suriname. The country is English speaking and under British Common Law with a democratically-elected government. It has an established mining act and a rich history of gold production. In 2016, 690,000 ounces of gold was produced by operators mining in the country. The Fraser Institute's 2016 Annual Survey of Mining listed Guyana as the third best mining jurisdiction with regards to investment attractiveness in the Latin America and Caribbean Basin sub-group. The Guiana Shield is the geographic gold-hosting region, and is world-recognized as a premier gold region that is highly prospective, under-explored and has geological continuity with West Africa.* In 2016, two mines in Guyana declared the commencement of commercial production: the Aurora deposit (Guyana Goldfields) and the Karouni deposit (Troy Resources).

* Independent Technical and Environmental Review Karouni Gold Project - Guyana, Behre Dolbear Australia Pty Ltd, April 29, 2016

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco


https://guyanagoldstrike.com/




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Nopoo
 


mullokintyre
post Posted: Aug 26 2019, 08:46 AM
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Gold shot above 2300 AUD as the gold price jumped and AUD dropped below 0.67.
Question is, will the paper makers allow this to happen when the US market gets going tonight.
The Russians and Chinese have been buying physical for a few years.
Is this the time when they start the short queeze on PM's and kill off the paper traders once and for all??
Interesting Times.

Mick



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mullokintyre
post Posted: Aug 25 2019, 01:04 PM
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In Reply To: nipper's post @ Aug 25 2019, 11:52 AM

Ha ha!
Don't think it would be capable of actually being filled with water.
The rear axle maxes out at a little under 2 tonne.
Payload is under a tonne.
Mick



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nipper
post Posted: Aug 25 2019, 11:52 AM
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In Reply To: mullokintyre's post @ Aug 25 2019, 10:53 AM

"..Monster Torque. Tough As Nails. The Power to Pull. ..."

CAUTION: drain jacuzzi before attempting steep inclines.



--------------------
"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 25 2019, 10:53 AM
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Gold and Silver both shot up on Friday night (our time) as the latest rounds of trade wars spooked investors.
I would expect that the Oz goldies (and SVL) will have a big day Monday.
Another round of sharp rises, profit taking, and sharp falls awaits us.
Just keep em coming, at this rate I will have a Jacuzzi in my next Ram2500.
Mick



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sent from my Olivetti Typewriter.

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