Blue, If you have the time I would appreciate it if you could take a look at this one. Looks like it might be a decent long term hold. TIA
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posted
KRY should do alright in the months to come. It's been skying. Once Venezuela approves their Mining project this thing will easily see $8.00. My opinion anyway. Let me know what you guys think.
-------------------- May The Force be us!!
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I have found that NTO, NXG, USPR, GG, and WITM seem to be some good picks for now. I am looking to put some money in these stocks. Both NTO and NXG seem to be at their apex but do you think they will tumble down again?
Out of those which would be smartest to purchase for the time being?
Advice, comments, anything would be great.
This is my first day with this stuff so bear with my if I have said things that don't make any sense.
-Fox
-------------------- "The only thing better than Vegas is the Stock Market."
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the main things i like about it are: a good amount of cash/very good balance sheet (trading under book, probably), and seems to be consistently profitable.
a point against it (at least for me) is that it's on the pink sheets, i only own 4 or 5 pinks (GFCI, BOGN, DVPC, CNSI, maybe a few others). you never quite know on the pinks whether the numbers are for real.
really their success down the road seems to be majorly dependent on their ability to invest in promising companies. as the .pdf linked above mentions - most of their payment is in the form of securities, not cash. so if the companies they choose to work with do well, they will make money along with them; and vice-versa. also a little hard to get a handle on in terms of research: not only does one have to research COHQ, but also the array of companies they work with like SGT ventures, because they own so much of these companies stocks.
anyway, an interesting company, thanks for the tip.
quote:Originally posted by RebelYell: OT: COHQ
Blue, If you have the time I would appreciate it if you could take a look at this one. Looks like it might be a decent long term hold. TIA
posted
foxhound, to a large degree this depends on your risk tolerance, imho.
for example: GG is the largest/most established of these stocks mentioned. it is likely to run up the least if gold goes to 800, but on the other hand it will likely fall the least if gold dips to 450. it's probably the most conservative of the stocks you mentioned.
WITM i would imagine would fall on the other end of the risk/reward curve as GG: it's the riskiest, but it (as well as other juniors) might offer a larger reward if they 'strike it big'. one of the reasons i like EDV.TO is because it is somewhat of a "basket" of juniors, and they can also make money from financing in addition to warrants.
NTO and NXG are more "intermediate" gold producers, falling between juniors and GG-type stocks on the risk/reward scale.
some of it depends on time-scale of your investing too. personally i am invested in NTO because of agua rica, which won't go into production for years. i hope not to touch my NTO holdings for at least 10 years. so if you're looking for a quick payoff, NTO might not be the way to go.
as for technicals, really it is hard to say, and i am purely a "fundamentals" guys and not a chart-guy. so i have no opinion there, too hard to say for me - whether it being gold topping out, or NTO/NXG topping out. no idea.
so anyway, your question isn't an easy one, at least for me. many people in this thread have offered their own opinion of which gold stocks they like best. probably i would DD them and pick the one(s) you feel most comfortable with.
my own personal opinion is that gold/metals are a good idea to invest in with about 5% of one's overall portfolio, as i've discussed at various points in this thread. everyone of course has their own ideas though, just no way to tell - have to do with you feel comfortable with.
if you're new to stocks and/or are hesitant to play it too risky, perhaps take a close look at first 'getting your feet wet' with ie GG or another large cap mining stocks. juniors can be quite risky - even ROK.V, which is one of my favorite metals stocks, i freely admit could go to zero, and is only appropriate for a small position imho. it's all about risk/reward.
good luck to you, whatever you decide!
quote:Originally posted by Foxhound: I am looking to buy in on this stuff.
I have found that NTO, NXG, USPR, GG, and WITM seem to be some good picks for now. I am looking to put some money in these stocks. Both NTO and NXG seem to be at their apex but do you think they will tumble down again?
Out of those which would be smartest to purchase for the time being?
Advice, comments, anything would be great.
This is my first day with this stuff so bear with my if I have said things that don't make any sense.
posted
Hey man thanks alot. That really helps me with this whole ordeal.
I will take alot of what you said to thought because it really does seem resonable and now I see this in a whole different view.
Thanks a ton. Star for you.
Care to explain what agua rica is and such? If it is not proper to be off topic in these forums feel free to PM me. I would like a long term investment. I don't believe I will hit it big soon or do I even really strive to. I just want to make smaller amounts on a longer span of time and not be betting my life on this stuff you know?
Thanks you were alot of help.
-Fox
-------------------- "The only thing better than Vegas is the Stock Market."
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quote:Originally posted by Foxhound: Care to explain what agua rica is and such?
fox, agua rica is discussed a few points in this thread. i would recommend going back and doing a quick review of this entire thread, if you are interested in some of these companies mentioned here. a fair amount of people contributed to this thread, might be a good way to get a "flavor" or introduction to some of these stocks.
i would also recommend poking around in the canadian stocks board - some interesting mining stock posts there, for example by bcmouser.
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posted
Ah sorry didn't see any of that before. I have learned alot since the time I read that before so I had no idea what most of it said so it was harder to pay attention. If any of that makes sence.
I'm going to reread this over again. I am extremely tired from a plane ride from last night.
Blue you have been a great help.
-Fox
-------------------- "The only thing better than Vegas is the Stock Market."
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S&P Equity Research Forecasts Gold Ending 2006 at $710
Supply/Demand Dynamics, Investment Dollars, and Consumer Demand Driving Price Appreciation
NEW YORK, April 24 /PRNewswire/ -- Standard & Poor's Equity Research Services, the world's leading provider of independent investment research, has raised its 2006 year-end closing price projection for gold to $710 an ounce from $600. "In our opinion, the supply and demand dynamics have set the stage for a multi-year bull market for gold. Even as companies begin new projects, decreased exploration in the 1990s has caught up with the industry. It generally takes a few years for a new mine to become operational," said Leo Larkin, Senior Metals & Mining Industry Analyst at Standard & Poor's Equity Research. "The gap between production and consumption of gold should widen as output likely stagnates and physical demand rises." "Additionally, the inflows into commodity funds, based on the belief that tangible assets will outperform financial assets, and continued strong consumer demand from India has helped boost the gold price," continued Larkin. Standard & Poor's Equity Research Services has a "Buy" (4-STARS out of 5) recommendation on Newmont Mining (NYSE: NEM, $57). With the least amount of gold hedged of any major producer, Newmont is well positioned to benefit from a continuation of the gold bull market, according to S&P. In addition, Standard & Poor's Equity Research Services has a "Buy" (4-STARS) recommendation on Barrick Gold (NYSE: ABX, $30). Now the world's largest gold mining company following its acquisition of Placer Dome, Barrick's decision to dramatically reduce its gold hedges will increase its future EPS and its appeal as a gold stock, in S&P's estimation. According to Alec Young, Equity Market Strategist, "Equity investors are benefiting nicely from the current commodity bull market given the significant combined 14% weighting of the Energy and Materials sectors in the S&P 500 Index." About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With approximately 6,300 employees located in 21 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. About Standard & Poor's Equity Research As the world's largest producer of independent equity research, over 1,000 institutions license Standard & Poor's research for their investors and advisors, including 19 of the top 20 securities firms, 13 of the top 20 banks, and 11 of the top 20 life insurance companies. Standard & Poor's team of 100 experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of approximately 2,000 equities across more than 120 industries worldwide. Follow Standard & Poor's equity analysts' US market commentary each day at http://www.equityresearch.standardandpoors.com/. The equity research reports and recommendations provided by Standard & Poor's Equity Research are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research has no access to non- public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account. The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at http://www.standardandpoors.com.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
precious metals actually have been relatively stable for a few days, but: story of the day in metals imho was the sharp drop in copper. unless i'm reading charts wrong, a 10% drop in a day: from 3.10's back to the low 2.80's. if you believe this article, mainly caused by china raising the lending rate:
most base metals stocks down, ROK.V retreated 5% to .73. i am keeping a close eye on roca - really i continue to think that they are a very promising little company. have a fair amount already, but - would add some more if they dipped another notch. every time i run the numbers on their MAX project i'm impressed. the key advantage i think they have over other similar projects is: going to production *this* year. adenac and some others i like, but - they're not until *next* year. i like roca's "get it while you can" approach.
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quote:Originally posted by blue_in_MI: NXG holders will be encouraged to hear: i am sure NXG will promptly go straight to $4, i ALWAYS sell too early!
like i said.
d'oh!!!
nice job holding, NR. obviously i picked the wrong place to pare back 10% of my metals holding when i sold: only took 3 weeks after i posted this for NXG to shoot right past 4.
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posted
not a bad day for your NXG, NR: posted about as expected: .10 on the Q late yesterday, up again today.
gold 670 and other metals still strong as well, dang. quite the run.
EDV.TO, after it's ridiculous run, seems to be stuck in a rut and churning - still stuck in low-mid 8's. one would think this would be a good time for the company buyback plan to kick in, but - hard to say.
not surprisingly after the financing news yesterday, nice day for ROK.
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posted
i used to think the gold rally would certainly stall (at least short-term) before 700, now am not so sure: 675 range. anyone any thoughts, if can push to 700 before the next correction? i give it a 50-50 shot, we'll see. amazing the momentum now, really quite an amazing day for GG in particular yesterday.
palladium is rarely talked about, but - really had some nice gains. on a % basis, really has risen quite a bit more than platinum. palladium has more than doubled since the bottom last year: used to be 160, now in the 380's. will be interesting to see if can break 400 before a correction.
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posted
wow - two main stories of the day in terms of this thread: NXG a whopping day at +9.5%, and - copper pushing 3.50. dang.
gold choppy but still hanging in there - 678 at the moment.
NXG - 4.49, wow. very nice day for NTO as well, +6.5% TO 5.61. i gotta hand it to those still holding NXG: really surprised it has gone up this far. really looks overvalued to me now especially by comparison to NTO, but: what do I know, clearly i sold NXG too early.
disappointing EDV.TO still sinking slowly, actually under 8. just released their new NAV: 8.88, very nice. strange that it ran ahead of so many others for so long, now is straggling behind. clearly i should have sold at 9, but - am going to hold, still really like EDV for the many reasons i talked about earlier in this thread.
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inversely to how southwest got a major leg up on competing airlines by hedging jet fuel at a relatively cheap rate, i imagine the gold producers that "bet correctly" and dehedged more will be the ones showing the very large profits on upcoming Q's.
hmm well i suppose that was a run-on sentence and perhaps not the greatest of analogies, but - eh it's early and i'm still on my first cup of coffee.
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posted
agreed vg, very nice latter part of the week for NTO: back-to-back +6.5% days. about time! maybe agua rica will start to get valued into the equation for NTO some more, would be nice.
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quote:Originally posted by blue_in_MI: disappointing EDV.TO still sinking slowly, actually under 8. just released their new NAV: 8.88, very nice. strange that it ran ahead of so many others for so long, now is straggling behind.
last week was trying to figure out why EDV was slowly slipping while gold kept going up - i think now at least a partial answer is here:
basically a PP, to raise funds to grow the company. not necessarily a bad thing in the long run - depends on course on the return they can generate on those funds. short-term though, puts downward pressure on the stock.
i don't think there's any question that some big players knew this was coming well before the general public, suddenly making the seemingly odd stock action the last week or two quite logical in retrospect. is irksome that this happens, and a reminder that the "little guy" simply doesn't have the advantages of bigger players and insiders in the market.
as for the PP, guess we'll have to see how it works out in the end. clearly management is trying to grow EDV to be a bigger company. their track record has been good in the past, so i'm still in for now. has almost tripled for me, so i'll give it a bit of a leash. am watching with a little closer eye than i used to though.
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posted
dang, not sure "frisky" is the right word anymore - this thread originated last fall when low-mid 400's looked frisky. maybe should rename this thread to "metals gone wild" - major overnight surge. gold 727, silver around 15, platinum spent all of about 2 days in the 1200's and is now 1332, palladium broke 400, silver around 15, copper 3.80. wow, yikes.
NTO releasing Q results soon - judging from the dip yesterday, guess people are expecting poor to middling results. alumbrera really isn't the point with NTO though, still think it's all about agua rica and long-term potential; so honestly i'm only mildly interested in the Q. NTO is a long-term hold for me.
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posted
Too much uncertainty driving momentum. Rate hikes are getting weaker at curbing inflation 16 consecutinve rate hikes now, and no real significant impact. I don't forsee this changing anytime soon. A weak dollar. I don't think we are going to see the traditional summertime correction this year.
-------------------- skids are for kids
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posted
CMBV, something is up here, more volume in the last 3 months then ever.. Yesterday was a break out day on the volume. PPS on the bid almost doubled. Hoping for some good gold news soon.
posted
surprised most gold stocks corrected so much yesterday: GG and NXG down about 5% with gold pulling back to 710 range. not a pretty day for metals in general, though NTO and ROK.V bucked the trend and had mild gains. ROK.V seems to have completed all financing for their MAX project on very good terms, which is my guess at what caused the bump-up yesterday. NTO earnings due monday before open, some chatter this week that they might disappoint - we'll see.
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posted
major correction yesterday - most metals stocks lost a whopping 10% or so, yeowch! GG in particular - lost nearly 20% over the last 3 trading days. really hard to say what will happen, perhaps a red day again today but would be shocked if it were the same degree as yesterday's bloodbath.
both GG and NTO reported after the bell yesterday: GG in below estimates with .24/sh, NTO surprised positively with .12/share and bounced AH.
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posted
the question that kept coming to mind this week in the metals correction was: based on the % that the underlying metals were dropping, what % would the stock dropping make it an attractive buy?
for example, gold off about 10% from it's peak, but many gold producers off 30% and even higher. obviously there's not a 1:1 relationship between underlying gold price and mining company price - a lot of variables go into evaluating a mining company. mining companies (in particular, juniors) often offer more "leverage" than owning the underlying metal itself.
hard to properly evaluate the question - just so many factors. i guess the markets seemed to think that the "oversold" mark was hit on metals stocks sometime midday today - a nice bounce for many (particularly your NXG).
clearly the thing to do would have been to dump at the peak, but - hindsight always 20/20. because all 3 of my metals holdings are in retirement accounts, and because i have them there as mainly a hedge of sorts, am just going to let them ride long. gold may or may not bounce at 650-range, but- i still in general like prospects for metals. i also like the particular projects of ROK.V and NTO (MAX and agua rica), and really like EDV.TO's business model. so - the best i can figure out to do is in this metals rollercoaster ride is: just stick with the companies i like most and consider to have the best long-term projects. we'll see how it goes.
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