posted
I'm new to both investing and this forum. In the short time I have been trading gold producers have been of particular interest. I wish I had found this thread earlier. I currently have positions in KRY, CBJ and EKWX.
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i did notice GPXM had a nice little bump up lately, i assume because people liked the 10KSB/A and 10QSB/A from thursday, though i did not have time to read yet. roca seemingly just got a good deal on a mill and concentrator.
i admit that the wandering price of moly makes me a little nervous with both of these: from 35 in september down to 23.50 now. i like both GPXM and ROK and both seem to have both good sites and good plans to fast-track the mines into production, but - is certainly not helping them that moly keeps dipping.
haven't heard of those 3 gold stocks, wallymac - what things that you like caused you to take a position in them? in doing a brief look at the first one (KRY), i see that it lost a fair chunk of money last year, but that cramer is pumping it because he liked their gold project in venezuela. did you share his sentiments?
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I got into it prior to cramer's pump. A relative of mine recently purchased the wizetrade and wizefinder program. I started using it right after christmas and KRY came up on the wizefinder program. I then started researching and liked the fact that it was a "Gold Mine"haha. I had also read some articles about gold mining operations stating that they were about to increase. With this stock trading around $2 at the time and having read about their aquisition at Las Cristinas, I decide to take a chance. CBJ was also a stock I found through Wizefinder and then read an article of their profits increasing by 42%. Being new I thought good news would mean a company would increase in value but as I have learned many companies seem to go down when I've read good news. EKWX I actually found on one of the threads here and after researching it liked what I read so I jumped in. I look at all of these as mid to long term investments. I have done a crash course, spending 10 to 12 hours a day learning about the stock market and penny stocks. I probably know just enough to get myself in trouble and that is why I'm looking for some help.
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it's going to conitnue to go up as long as Iran is forcing instability and uncertainty in the oil market... oil runs inflation, inflation runs gold....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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i mostly agree glass, but - sometimes those relationships run a bit awry. at times what look to be linear relationships, can morph in quite nonlinear ways. gold seems to be stable and/or climing the last few days, whereas oil has been slipping. a big equation with a lot of terms: the dominant terms make sense, but sometimes the higher order effects kick in.
i dunno, at least for me it seems that way. maybe i don't pay enough attention to broader markets and trends, i tend to focus on individual stocks more than overall trends and causes/effects.
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was inevitable, in retrospect: gold needed a sharp correction (from 570 down to 550). support kicked in though, will be interesting to see if it hovers in the 550 range or can make another push upward. we'll see.
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moly bounced a bit and seems to have stabilized in the 25 range.
NTO due for earnings march 6, should be interesting. i'm ignoring their short-term movements though, am mainly interested in the long-term agua rica potential. NTO's website is really quite informative, actually
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Still undervalued.Good buy which pays dividends.
Goldcorp says '05 gold sales totaled 1.34M oz vs 428K oz MarketWatch SAN FRANCISCO (MarketWatch) -- Goldcorp Inc. Wednesday evening said gold sales in 2005 totaled 1.34 million ounces, compared to 427,600 ounces in 2004. Cash costs per ounce in 2005 were less than $25, compared to $115 in 2004, the Vancouver, British Columbia-based company said. Goldcorp will acquire certain Placer Dome Inc. [:ca:pdg] assets from Barrick Gold Corp. in a transaction scheduled to close April 1. Total gold production from the combined Goldcorp and Placer assets is expected to be 2 million ounces in 2006 and 2.4 million ounces in 2007
moly bounced a bit and seems to have stabilized in the 25 range.
NTO due for earnings march 6, should be interesting. i'm ignoring their short-term movements though, am mainly interested in the long-term agua rica potential. NTO's website is really quite informative, actually
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Watch NXG today, I'm not sure if we will experience a pullback after Friday's gap up or movement higher. Should move higher IMO, due to the news.
-------------------- One is never completely useless. One can always serve as a bad example.
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pretty impressive day for metals, quite a bounceback from the dip of a few weeks ago.
of the stocks mentioned in this thread: NTO up 7% back close to 4 again, EDV.TO back over 6, GG up another 6.4% pushing 28, NXG new 52-wk high of 2.42, GPXM back to .40, and ROK +20% to a new 52-week high of .55.
gold pushing 570 again, silver up and over 10 for the first time since 1984:
who was it that mentioned SLW / silver wheaton in a recent thread? athomedad, maybe? whoever it was - nice pick. almost bought some at the time, and i should have, drats: up a whopping 12% today!
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"SLW all that glitters is not gold" posted 27 January, 2006 15:55 -------------------------------------------------------------------------------- Check it out. It remains a good buy Silver Wheaton
Updated:2006-03-05 08:57:16 Silver Wheaton Corp.: Record Silver Reserve and Resource Levels Achieved at Luismin BUSINESS WIRE VANCOUVER, British Columbia--(BUSINESS WIRE)----Silver Wheaton Corp. (TSX:SLW)(AMEX:SLW) is pleased to report record levels of silver reserves and resources at the Luismin mines in Mexico. At December 31, 2005, the Luismin mines had proven and probable silver reserves of 45.4 million ounces, measured and indicated resources of 1.7 million ounces and inferred resources of 188.4 million ounces, an increase of 13% in reserves and 29% in inferred resources compared to December 31, 2004, after producing 7.7 million ounces during 2005.
Eduardo Luna, Chairman of the Company said: "With large increases in both reserves and resources at the San Dimas mine, we have demonstrated that the projected silver production growth at Luismin, to 13 million ounces by 2009, should be sustainable for the foreseeable future."
-------------------------------------------------------------------- Reserves - Luismin(1,4,5) -------------------------------------------------------------------- PROVEN & As of PROVEN PROBABLE PROBABLE December Ton- Cont- Ton- Cont- Ton- Cont- 31, 2005 nage Grade ained nage Grade ained nage Grade ained -------------------------------------------------------------------- SILVER mt g Ag/t m oz mt g Ag/t M oz mt g Ag/t Mt San Dimas 1.42 447 20.4 1.83 401 23.6 3.25 421 44.0 San Martin 0.31 47 0.5 0.58 46 0.9 0.90 47 1.3 --- --- --- Totals 20.9 24.5 45.4 --------------------------------------------------------------------
-------------------------------------------------------------------- Measured & Indicated Resources - Luismin(1,2,3,4,5) -------------------------------------------------------------------- MEASURED & As of MEASURED INDICATED INDICATED December Ton- Cont- Ton- Cont- Ton- Cont- 31, 2005 nage Grade ained nage Grade ained nage Grade ained -------------------------------------------------------------------- SILVER mt g Ag/t m oz mt g Ag/t M oz mt g Ag/t Mt San Dimas - - - - - - - - - San Martin 0.02 204 0.2 0.20 234 1.5 0.22 231 1.7 --- --- --- Totals 0.2 1.5 1.7 --------------------------------------------------------------------
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silver still chugging along. gold still meandering around, trying to find a trading range to settle into. copper very strong, moly seems to have stabilized around 25. palladium finally seems to be stabilizing above 300 for the first time in years.
i dunno what the heck rhodium really is used for, but - check out the 5-yr curve on kitco sometime. beautiful parabola:
gold stocks somewhat erratic: GG holding steady, EDV and NXG dipped a bit, NTO still up near yearly highs. ROK.V fell back to earth.
a few posts into this thread i mentioned my gold stock allocation was: 50% NTO, 40% EDV, and 10% NXG. the reason i like NTO so much more than NXG is simple: Agua Rica:
Just a huge reserve, owned by NTO. NXG's main mine is approaching the last stages of it's production phase, so they are dependent upon Kerness North exploration. Of course, who knows how it will work out in the end: NXG may triple while NTO stagnates. but - i still am betting that somehow down the road, NTO will find value out of Agua Rica.
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Still holding my original position in NXG and even picked up some more on the last dip.
For the time being, NXG is dependent upon Kemmess North Exploration, but that should change once the diamond drilling results come back from the Young-Davidson property sometime this month.
NXG shares your concerns and I believe mention was made in either the recent PR's or the Quarterly Conference Call of bringing another mine into production to provide NXG with some diversification in case things don't pan out with the Kemmess North.
I'm still in GPXM, though I took my original investment off the table on and am now riding on free shares. They are making great progress and I expect they should be in the final phases of their 1000-ton bulk sample sometime this summer.
Still doing my DD on NTO but so far I like what I see and I will mostly likely take a position sometime in the near future.
GLTA,
NR.
-------------------- One is never completely useless. One can always serve as a bad example.
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quote:Originally posted by blue_in_MI: ... i dunno what the heck rhodium really is used for, but - check out the 5-yr curve on kitco sometime. beautiful parabola: ...
"Its primary use is as an alloying agent to harden platinum and palladium. Such alloys are used for furnace windings, thermocouple elements, bushings for glass fiber production, electrodes for aircraft spark plugs, and laboratory crucibles. It is useful as an electrical contact material as it has a low electrical resistance, a low and stable contact resistance, and is highly resistant to corrosion. Plated rhodium, produced by electroplating or evaporation, is exceptionally hard and is used for optical instruments. It has a high reflectance and is hard and durable. Rhodium is also used for jewelry, for decoration, and as a catalyst."
-------------------- One is never completely useless. One can always serve as a bad example.
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AMEX Third Annual Precious & Base Metals Investor Conference
March 30, 2006 New York, USA
And from the last conference call:
"We have already launched our 2006 diamond drilling campaign on the Young-Davidson property and are looking forward to initial results from this program beginning in April."
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NR, i agree that it will be interesting to see how the Y-D drilling pans out. i don't know enough about the Y-D property to know if NXG got a good deal on it, but - i like the idea to expand. really i think they somewhat had to: didn't want to be dependant on just Kerness. i'll do a little more research on NXG, i admit am a little behind. still holding my small position in it.
i admit too i'm a little surprised (but not complaining) by NTO's strength, has really been on a tear lately. up about 10% this week despite gold being flat/down a bit. most of my NTO is in 401k, don't plan to sell for hopefully 10-15 years minimum. so honestly the short-term movements don't mean a whole lot to me. but, still nice to see.
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honestly, not sure what to expect: NAV peaked at 7.10, then fell back to 6.98 last month. a few of the juniors they heavily bankrolled have done quite well the last few months, for example: CMM.V/century mining quadrupled last month:
NTO and SLW/WHT have been mentioned frequently in this thread: EDV also participated in financing these years ago, and made out quite nicely on a boatload of warrants.
2Q results should be interesting Monday, we'll see how it goes. still holding, still my 2nd favorite/2nd largest metals stock after NTO.
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amazing - every time i think they have to pull back, metals keep on chugging north. gold * 578 right now, though silver is the really impressive one: 11.34.
EDV three days in a row of making new 52-wk highs, 6.85 close - roughly a double in the last 6 months. which is actually pretty tame return compared to some like SLW, heckuva chart on that baby:
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you are correct RY, quite an interesting week for GFCI. being a patient/stubborn SOB, of course am still holding my GFCI, will have to update that GFCI thread sometime.
can't say i'm surprised by the mild pullback in metals today, was probably overdue. no pullback for EDV.TO though - helluva week: 7.62 close, another big day.
stingy with research?! i post quite a bit of research here. though i think only about 3-4 people ever read my ramblings, since purl left i mostly blabber on to myself, heh.
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or check out Medline's Silver Ag Dressings There are other brands. This market in health care is hot. Prevent a woung infection and you are saving a ton of money. (Spend a little and save a lot) SLW & GG news (here is a win win
FOR IMMEDIATE RELEASE MARCH 31, 2006 TSX:SLW AMEX:SLW Silver Wheaton and Goldcorp Complete Amended Luismin Contract
Vancouver, British Columbia – Silver Wheaton Corp. (“Silver Wheaton”) is pleased to announce that it has completed the previously announced amendment of the Luismin silver contract effective March, 30, 2006. Goldcorp Inc. (“Goldcorp”) and Silver Wheaton have amended the original silver purchase agreement, increasing the minimum number of ounces of silver to be delivered over the 25 year contract period by 100 million ounces, to 220 million ounces, and waiving any capital expenditure contributions previously required to be paid by Silver Wheaton. In consideration for these amendments, Silver Wheaton has issued to Goldcorp 18 million common shares and a US$20 million Promissory Note, increasing Goldcorp’s ownership to 126 million common shares of Silver Wheaton, or 62% of the outstanding shares. The total consideration of US$150 million is equal to the approximate value of Silver Wheaton’s share of the future capital expenditures estimated over the remaining life of the original agreement.
Production of silver at the Luismin mines, which in 2005 approximated 8 million ounces, is expected to average approximately 9.5 million ounces for 2006, 2007 and 2008, increasing to 13 million ounces per annum thereafter. As of December 31, 2005, the Luismin mines had proven and probable reserves of 45.4 million ounces of silver, measured and indicated resources of 1.7 million ounces of silver and inferred resources of 188.4 million ounces of silver.
Randy Smallwood, P. Eng., Vice President, Corporate Development of Silver Wheaton is the “qualified person” as defined in National Instrument 43-101 who has reviewed the proposed expansion of ore production at the San Dimas mine and has reviewed and approved of the contents of this news release.
Silver Wheaton is the only public mining company with 100% of its revenue from silver production. The Company expects to have annual silver sales of 15 million ounces in 2006, increasing to 20 million ounces by 2009 and thereafter. Silver Wheaton is unhedged and well positioned for further growth.
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congrats to all GPXM holders - very nice the last week or so: hit .55 today. wish i had bought some: almost did several time, but - never quite got around to it. still holding my ROK.V roca mines moly play which has done quite nicely, but - not as well as GPXM.
most metal stocks tailed off late afternoon along with the broader markets, but - yet another green day for most, with metals prices holding strong. NTO another high, and: EDV.TO another 8% gain for an $8.20 close, beauty.
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quote:Originally posted by blue_in_MI: congrats to all GPXM holders - very nice the last week or so: hit .55 today. wish i had bought some: almost did several time, but - never quite got around to it. still holding my ROK.V roca mines moly play which has done quite nicely, but - not as well as GPXM.
most metal stocks tailed off late afternoon along with the broader markets, but - yet another green day for most, with metals prices holding strong. NTO another high, and: EDV.TO another 8% gain for an $8.20 close, beauty.
Great day for both Gold and Silver. Silver reached $11.90/oz and Gold touched $591/oz!
In retrospect, I sold my GPXM too soon, but then again there is nothing wrong with taking money off the table if you have a chance. I still have a few free shares, and if this company follows through and gets Ashdown into production, those few shares will bring a good return.
I'm still holding all of my NXG. I was considering possibly taking a small portion of it off the table, but with gold reaching for $600/oz I think I will hold on to all of it and see what happens over the next month. NXG also has good news pending so with either a good PR and/or continued rally in gold, NXG will make new 52wk highs IMO.
I recently took a position in PCFG hoping for a quick turn-around. Production at the Black Canyon Mine was set to start Q1/06, but has been delayed due to last minute adjustments. I will probably sell most shares at the first chance I get unless my continued DD on this company convinces me otherwise.
Looking at SLW as a silver play, and I also have NTO on my radar. I don't have much money free however, so they will have to wait until a few other plays pan out. Hopefully I won't miss out on the ride up.
Blue,
I don't consider your posts "ramblings", they are very informative DD and greatly appreciated.
posted
sure seems like there would have to be at least a short-term correction here soon: 52-week high closes a few times a week lately for many of these stocks (including NTO and EDV.TO yet again today). anyone tempted to take any profits? most of my NXG,NTO,EDV is in roth ira so i am just leaving it be, but i admit that i might sell the 10-20% in regular accounts. no doubt they will go through the roof if i sell any, but promptly plummet if i hold them all, heh
interesting to see the performance of these stocks mentioned in the thread, and how they correlate. GPXM definitely wins the match for best return:
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