Looks like HMX is catching up to RXL's SP.
Slowly slowly, it's been a good week for both good companies.
A shame I don't have enough cash...
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Looks like HMX is catching up to RXL's SP.
Slowly slowly, it's been a good week for both good companies.
A shame I don't have enough cash...
Was in Volt for heh graphite (been a long road) but they are turning into a Gold play 851,000 ozs estimate MC $38m - is in Africa but one to watch.
I'm assuming you also got the promotional email in your junk inbox for VRC?
Just reading some of the comments on HC, some are trying to compare this to RXL in some ways?
Similar shares on issue.
Similar Au reserves.
Would VRC have both the graphite mine in Tanzania and gold mine in Zambia in play?
no was in Volt for the graphite- they are trying to raise $40m to get stage1 under way- so yeah graphite is still in play.
Just moving a conversation with JBMurc to this thread.
Will put all in RXL today. I assume my investment is so small I am unlikely to move the price.
Very good think you will be a happy holder come Xmas ...
From RXL Qty-
Grace Prospect – Geological Interpretation
Grace is interpreted to comprise a series of north-plunging, high grade, stacked-lodes within the
Youanmi granite. Grace is located adjacent to the historically-mined Youanmi shear zone hosted
deposits located within the adjacent greenstone sequences. The Grace Prospect exhibits a ladder vein
array geometry – a feature of other granite-hosted gold deposits of the Yilgarn Craton such as Granny
Smith and King of the Hills. This style of mineralisation was not recognised at Youanmi by previous
explorers.
IMHO what RXL has uncovered in WA Aus is one of the most exciting new discoveries last few months in Aus .... could well be many MOz and if so will run like DEG
First thing I read after buying RXL seems reasonable. We are expecting a recession or depression this will cause deflation which will be bad for gold but I guess the playbook requires money printing so maybe currency debasement is stronger than lower demand. I don't know, we have had pretty massive inflation but it has been in asset prices not in the CPI. The article has helped to cool my ardour for gold. But as nothing is certain will hang in for the long haul.
Reassuring having RXL pass your scrutiny JBM. Ive held rox since 17c and have averaged down and now up 50%+. Good to be in the green on this but others have a sub-2c average. This stock has a big future and it looks better every year. Go rox
Hi JB (& others), I've been spending most of my time on Hot Copper but do check this and silver thread from time to time and appreciate the insights. Eerily quiet here, not many kiwi investors seeing the rather obvious precious metals move and an environment seemingly getting better and better.
Anyway, I apologize if it has been covered but I was wondering if you guys had any advice regarding the best way to meet tax obligations when selling ASX stocks and being NZ based? I'm not an active trader but I have trimmed a few positions and has a few mind changes etc...
Also, not sure if it's on your radar but Tesoro Resources (TSO) has been very good to me and still looks to have a lot of upside.
Cheers
Check to see if your shares are exempt from the foreign investment fund (FIF) rules and if they are exempt from FIF rules then income needs to be returned the same as for NZ shares. Most Aussie companies are exempt I think. RXL is I just looked.
https://www.ird.govt.nz/tasks/check-...ent-fund-rules
Then work out if you are a long term investor or a trader. Don't ask me how but I imagine you will want to be an investor for now and a trader next week if everything goes tits up and you are sitting on losses.
Good to see HMX kicking on of late sadly I sold my opts 1.7c thinking I'd get the Heads cheaper from holders freeing up cash to pay for opts #1 dumb move..#2 after selling a small part of my OBM holding I did think about buying HMX but instead trader brain injeted and purchased PLS which I'm currently have for sale for a small $300 profit... not sure where the funds will go yet ...maybe more MAGOA ...no new from HMX yet they just keep running might well be sell on the news type run...
I picked up some more AMG today.
It is very speculative, but decided I am comfortable if I lose everything on AMG but would kick myself if they end up a 10 bagger and I did not pick up more.
My gut feeling is that the new management team are on the right path. Hopefully I am right.
I'm happy with my HMX holding.
Other than the price of gold there's nothing newsworthy from them lately to justify the SP increase you think?
That small land acquisition that they got just north of Orelia, I wonder if they spotted something there.
Otherwise their QLD/Mt Isa tenements have flown under the radar.
Another stock I'm watching is AUT - Auteco resources.
SP skyrocketed a few weeks back after the news of the $30million underwrite.
I'm in AMG too, chippie. In last week at 3.4 for 3k....may pick up some more as I didn't realise mgmt was new. Heard they had several mines.
I saw this report show up on some HotCopper threads as well last week.
A good list of stocks to research.
http://www.fareastcapital.com.au/ima...August2020.pdf
I think these past few months during COVID lockdown I've seen the MD - Dan Thomas do at least half a dozen or so interviews on various platforms promoting HMX. I'm not sure whether it's him approaching the various platforms or the other way around.
Either way it's great to see him being so active in promoting HMX's awareness - He did hold a former sales position at Sandfire after all.....
Strong bounce in USD Gold continues $1960oz .... should see some interest coming back into the sector ...OBM gift @ 31c on Wed ... could see pass 36c today
Watching many of my holdings getting hit hard today .... RXL,OBM,MAG .... etc ,,,,did buy back into HMXOD today 1.6c to then see it close 1.4c ...still below head share price month to run ... will prob exercise my new opts holding ...
Filled up with more MEU 4.9c today taking me to 1.5mill shares so confident in the team...
Adding to OBM holding @ 31.5c .... around 4-5months till Gold Production
IMO seems like many newbie retailers selling out in fear of result delays = poor exploration results when in fact COVID + massive amounts of exploration drill cores at the labs are causing the delays
in MAG-HMX case they both have Major Copper projects along with Gold ...when you look at the underlining Spot prices in AUD both are at or close to record highs ..
Gold stalled, momentum paused , re $1923 atm. Some nervousness including me.
Yes $1892 key daily support we see a daily close below that and we could see more downside ..
Jerome Powell's Thurs speech could provide an upside catalyst to spur Gold off current support levels to break $2089oz USD...
Only time will tell ..but I don't see interest rates heading higher and tighter monetary policies ... I see all central banks going negative and money printing to continue
the FED in one month JUNE created more money than was created in the states for previous 200yrs !!!
IMO a great time to load up in those Gold shares you missed on the way up or average down ones position ..so many catalysts .. I would not want to be on the sidelines
POG Could be heading for support at 1900. My guess is that it will finish the year back around 2000 dollars US per ounce.
Scary times after a good run up. The Thesis that central banks will continue to print and hold interest rates near zero for eternity probably still hold true. We need another crisis where the central banks save us once again. Adrian Orr is ready to go negative (actually I would like to ask him if he would lend me some money on the same terms he is proposing for the OCR). I have been reading the odd article about inflation. I guess that is CPI inflation because as we all know housing has been growing at a 7% compounding rate for the last 20 years and I suspect stockmarkets and business valuations have been inflated well in excess of 2% as well. I haven't read of any alternative proposals other than debt jubilees which is like debasing the currency 100% overnight (Now that is a free lunch if you are allowed to hang onto your assets). I don't think central bankers want to be that obvious so will continue to debase currency to deal with the debt. My Queenstown ski holiday is looking shaky unless the POG starts back up again.
>>debt equals credit and in order for the future credit to arrive we must double and constantly be doubling our debt. One only has to look at a country's deficit around the world to understand this...
You can't print GOLD - SILVER etc more money created Vs not much more PMs monthly ----
>>Goldman Sachs now predicts,U.S. economy will drop 34% in 2nd quarter-Coronavirus job losses in the United States could hit 47 million,with unemployment at more than 30 per cent,according to stark new estimates by a Federal Reserve
USD GOLD 1919oz
What are your thoughts on RGL?
Sorry I don't follow them... maybe someone else can get their thoughts ....
Gold Jnrs can be risky at times ... it all about DOYR
#1- Assets -Grade is king - shallow soft oxide ores = open pits = lower costs /. risks
#2- Mgmt - History ? + how much funds to they have risked and invested in the company
#3- History to date of operations -- location ? high risk country etc
#4- Cash -- how much do they have ,,,do they pay themselves top-dollar admin/staff costs Vs exploration spend
#5- Forward plans - how likely will they be able to develop the project to cashflows ...any nearby Large cap predators etc how close to Gold Plants
Enjoying CNB rise of late and still early days tempted to take some more profits but then last time I did that the SP surged another 50% higher ...
OBM - RXL also bouncing of recent lows ... (glad to have topped up my OBM holding 31.5c)
OBM interview
https://stockhead.com.au/resources/r...-comeback-kid/
RXL
New exceptionally high gold grades extend Grace Prospect
https://www.asx.com.au/asxpdf/20200901/pdf/44m67005qy42qx.pdf
DISC: HOLDING CURRENT PRICE 6.2
AUT - Auteco
Worth watching as well
https://www.asx.com.au/asxpdf/202009...56t2tqmfpp.pdf
Monster drilling program happening - 44,000m planned, only 4400m completed.
Decent SP, decent JORC resource at a decent cutoff.
Yes and now RXL kicking on after hitting some very impressive grades..
As this plays out IMO the market will slowing fully understand how Big the Youanmi Project Gold Resource could be ... just look at the old existing 1.2Moz Gold resource (that is open at depth + along strike) overall size was 1.8MOz+...(one would think this could be doubled just in the surrounding area)
... now look how big area RXL planning to drill to date ...and how much bigger it could be >> maybe we see yet another major Gold strike along the Youanmi shear Zone to the NE ... and further north ... then depth look at Penny west SPX still hitting very HIGH grade Gold down to 470m ...or Youanmi deeps gold open down 1.4km!! ....to date RXL seems focusing just on the top half down to just over 200m>>
From latest SEPT presentation >>https://mcusercontent.com/29b7bddbb....r_2020_v1_.pdf
""The realisation that there are strong zones of gold mineralisation in the Youanmi granite opens up Rox tenure to vast tracks of unexplored ground""!!
...
You start trying to compute how big the whole Gold system across RXL + RXL/VMC JV is just nuts ...add in $3,000+ oz AUD Gold and one starts to think of Billion+ cap value in time
5.9 cents RXL even CWX breaking even yesterday although OBM still down 16% on purchase price. I guess your stocks move on actual news rather than day to day market sentiment like NCM, NST etc. Still haven't done my own research but will get onto it soon.
Skiing in Queenstown might be on the cards next year after all.
178x. ASX Gold shares how they compare .... I hold a few on the list going be a very bright 2021 for us Gold/Cu Bulls IMHO
https://stockhead.com.au/resources/g...%20this%20week
Int thanks.My quickgraze shows re 3 gainers for each loser and some great gains in Explorer developers and not so much in established producers generally.
YRL mkt cap re $24 mill, great hits here.
Download Document 1.03MB
"Modern-day gold rush in W A"
https://www.abc.net.au/news/2020-10-...ction=business
Bad news for the POG if they are successful. While surfing the news sites I read that some central banks are selling gold to get through the lockdowns and pay for everything but it can't have been a reputable source as I haven't seen it anywhere else and forget where I read it. Still overweight gold miners though. Probably a bad idea but time will tell.
YRL Up 100% plus in a month:).Only 80 mill shares (plus any oppies). Production (third party) expected within a year.
Yeah some great returns in the sector CNB one of my best 7c to 45.5c so far
Yeah Just seen them ... been away at my fishing job slaving away so haven't been keeping up to date as usual(Hopefully not for much longer!!!...) ..yes you should keep holding CWX - OBM - RXL all have potential to double before the years out and continue to rise next years as well ... I see MKR have come back to 49.5c so you did well taking a nice short term trade...
CNB I'd put up with the likes of CWX etc(my second largest Holding)
think you will really enjoy the next couple months all three companies have got some major ann's to come...and great Gold environment
Some other Gold Plays I hold in is MEU drill results due any day now along with GMR,MAG,POD .... WWI -- Mining right + JORC upgrade ... also took spec play into LRS in the options purely on the amount of Major Projects + J/Vs in place
And not a direct Gold play but more so Copper with many other minerals gold U308 is CHK.asx ...is my only play that has 100x bagger potential ... generally I can find only muti bags to 10 max potential etc ... but CHK is a nano cap drilling right next door to BHP most exciting new copper discovery in SA-AUS well worth putting the above companies on your watch-list ... I only need one to muti bag ... and I'll be retiring from Fishing to trade and doing much more GOLF,snowboard,biking etc
NVA - Nova minerals
3.3million inferred resource - Mine is based in Alaska, with expectations of increase in resource over the coming years.
Investor report released today.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Yes having a good run today NVA up 22% .... Been waiting for JORC update from many of my Holdings WWI one should push Gold Resources well over 4Moz and with Current Marketcap only at 40mill some room to run esp. with Mining Right due and two of the Worlds major Gold producers within 40kms via Tarmac roads ..cheap labour ..
Just comparing NVA now to WWI.
Nova's SP today @ 15.5c with 3.3m ounces while WWI has 3-4m ounces, both companies have similar share dilution 1.5-2Bn shares.
Are you expecting WWI to reach at least 15c short term o once their mining right is officially granted by South African govt?
Sovereign risk seems to be the only difference?
Yes is some risks for sure if WWI had the same asset with potentially 12.8MOz+ 4g/t gold(2007 JORC code resource) in Aus it would already be $300-$400mill cap ..
From WWI website--The Mineral Resource statement from the DRD Annual Report of 2000 and quoted above was reported against an earlier version of the JORC Code (1997) 12.8Moz and is not reported in accordance with the current JORC Code of 2012. At this stage no competent person has done sufficient work to classify these historical estimates in accordance with the JORC Code (2012). It is uncertain that following evaluation and further work that the “historical estimates” will be able to be reported as mineral resources in accordance with the JORC Code 2012.
But in SA dealing with the DMR and having a BEE (which holds net 33.4% of the Westwits Gold project) the market of course gives a Major risked downgrade ...
I personal think the risk reward is worth the investment mainly because of location in SA which is 40kms down the road from Sibanye-Stillwaters Gold mill that has spare capacity and will be the toll treater of WWI Gold ores going from Scoping study .... we see also Harmony is even closer 10kms etc away .... now to put into respective size predators Sibanye Production ranks third globally, on a gold-equivalent basis at present and as we know with all miners your any as good as your Reserves !!!!!
Then you look at WWI Top20 and you will see DRD Gold as the largest holder with 5% ....guess who's a 51% S/H of DRD Gold == Sibanye
Short term WWI has more 2012 JORC upgrading which should see well over 4Moz ... that of course would at least double if WWI just continued to infill drill and bring the resources up to 2012 Code...
I don't see SS sitting back as I'm sure Harmony Gold(1bill USD Cap 1MOz+ pa producer) will make a move with Rand Gold Price at Crazy high levels ... and West wits juicy target sitting just down the road all they need is Mining Right .... and maybe BFS before showing their hand
AUD Gold Back past $2700oz ... along with even better growth from the PGM's ... should be another good day last couple has seen my portfolio up $38K
Check out page 7 of the attached report from Nova.
The size of that massive exploration circle, and inside that circle are the individual zones to be drilled.
100,000 metres of drilling to be done from 2021 and beyond - 100,000 metres!
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Current 3.3m ounces - More than likely to increase, could double to 6-7m ounces?
Not bad....... 4.37m ounces @ 3.88g/t
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
JB, Your shout in the Pub tonight ?
had a few after Club Golf,,,was a good surprise to see WWI up 55% when I checked Hotcopper>>> I see it pulled back as day traders sold down ... HUGE volume some $28Mill in value AUD !!!! Market cap
have seen it all before and think we will see the SP trend higher from here and spike again into the teens on Mining Right which must be only days away ... Resource EV around $15 .... measured Gold resource just under 1MOz ...
I certainly not selling one share under 10c ... may be tempted if it gets close to 20c next few months
Pages 11 to 16. Reserves are economically proven ;resources are estimates
Australasian Code for Reporting of Exploration ... - JORC Codewww.jorc.org › docs › jorc_code2012
Yes worth look at the history of WWI ... the project use to be owned by DRD Gold and when they were producing Gold back in the early 2000,s I think it was they had 12Moz resource with further exploration upside but was on old JORC code so needed to be infilled drilled to a much higher standard to reach latest codes requirements... but as WWI had been a nano cap funds were tight and hard to raise funds without the mining right to mine the area investors didn’t like the risks.., seems like only yesterday the Mktcap was under 10mill with only thousands in the bank account ... how the EA approvals have changed that now having millions in cash and a cap 70mill .. we LT holders all knew about Resource upgrade and just look at the market response... MR will be the key to see WWI well over 200mill cap
I'm in a few Gold Explorers -Gor being my best (now a producer), MEI (Speccy)
Seems to be hundreds of Gold explorers on the ASX, so can be hard to compare/rank as to whether to invest. I think management (experience, skin in the game) is really important, no debt if possible, "promising results/drills" and to a lesser extent nearology to other finds (although not something I put toomuch weight on). Interested in what other ST's look for when investing in an explorer.
What does 12Moz translate to now @ 2020 JORC code?
Also check NVA's grades released today.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Some juicy grades, and the lengths of some of those strikes is juicy as well - Remind you of DEG with their HEMI reports at start of this year?
I understand they have to infill drill to a higher degree via DC drilling to bring up more of the old 97 JORC resource ... aka they can't just get it added etc ...we are talking down to 3km in depth below water table etc so don't think its WWI goal to spend the 10's millions in drilling costs to add more resources at this stage ... but to get MR then BFS funded and complete with a plan to toll treat at Sibanye's Ezulwini plant - 45km away..
IMHO WWI will be taken over by Sibanye or will give up control of the project for a cash payout mid next year etc
Unfortunately not, firstly I wasn't expecting SP to get to 10 on Monday.
Secondly I was out in the wops with family for the long weekend. By the time I got back home the market was already closed.
Tuesday last week I was swamped with 2x days of work catch-up so I didn't put in a sell order.
Oh well, at least I've accumulated a few WWI shares at least.
Hi Stumpy and JB.
I Bought into WWI around March last year at 0.8c, have held since then and watched it slowly inch up then suddenly climb to well over 1000% gain at one stage - just amazing to see! I'm hoping that holding is the right move and the MR comes through soon, if not I'll be watching my paper profit disappear. I've sold other spec's too early a few times before, so this time I'm all in for the ride.
I think i first starting following WWI after a post on here by JB (who was it that said never take investing advice from a public forum?!) Thanks heaps JB, always appreciate your posts ! good luck to us all
Keep an eye out on NVA - Nova minerals
Check out their recent and upcoming drilling targets and the number of drill sites they have in their target zone, and the size of them.
Check out the size of the gold resources on some of their neighbouring mining companies.
Potentially they could make WWI look like chump change
I've learnt to not leave it to luck mate as that can lead to painful losses and for me its all about making a profit from ones time and efforts .... Personally If I was in your shoes I would sell at the very least what you put into the WWI take a free carry ... WWI is a high risk play remember they have been trying to get the MR since early last year and SEPT last year we were meant to get it !! ... constantly being kicked down the road as the area has many businesses and large residential population, schools etc
so hasn't been as clean and cut as it would have been decades ago without the urban sprawl ..
Now I'm not thinking the MR won't be awarded but with what conditions and how they will affect operations profit margins etc as those pumpers on Hotcopper talking up Billion cap $1 sp etc major Gold Production are deluded ....this isn't outback Aussie ...this is a tasty project smack in the middle of two major Gold Producers ..
I've talked with WWI mgmt. many times and I've always had the feeling the goal was to drive the project forward till one of the majors make their move to add to their Gold reserves... now they like all majors don't want to pay more than they have to and esp. as Sibanye are planned to be the toll treater of WWI ores in time.
I think $80-100mill is a pretty Good price till more details come from the MR ..we seen the DMR kill-off WWI planned open pit areas that were going be the first ores processed ...what other restrictions will be put in place ... How many trucks can be driven on the local roads ? water use ? Noise levels -hours of operations ...
Thanks for the great info JB, really appreciate you sharing your insight after talking with management.
I did sell off some yesterday at 7.5 to free carry, still got plenty to see how this goes.
Page 7 on the report here gives a scale as to how much bigger NVA's total resource could potentially become over the next year or two. Note the other drill targets 'Isabella', 'Cathedral', 'You Beauty', 'Sweet Jenny'
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Page 8 - Block A & B have inferred 3.3M ounces, with Block C & D still to be drilled - You could potentially double the 3.3M ounces of A/B from C/D, and then you realise these are just from one quarter section of their focus area pie.
I trust everyone is looking at TMZ
- Gold + Silver & Tin.
Nope never heard of them but there is over 400 companies on the asx with Gold exposure....Tin is going well of late ..
Great to see WWI kick on today up 20% (Mining right EA Approval next week ???)... took some of the sting out off some profit taking depressing many of my holdings that have boomed this week ..
TMZ looking to break out today.
ORR is worth a look, the SML (Special Mining Licence) is due to be issued hopefully very soon by the Tanzanian Govt. possibly even this month. It's a big deposit 3.07moz at 4.03g/t will cost approx $US300mill to develop and will produce 213koz at an AISC of $US838/oz.
I hold these.
Keep a eye on $WWI next couple of weeks it’s taking many years to get to this point in time will the 4Moz*+++ 3G/t gold be able to be mined ... if approved SP will fly
How many shares you got currently with WWI?
How many do you intend to offload and free-carry?
What are you expecting the SP to rise to in the near short-term once the MR is officially granted? - 15-20c range based on seller hype and FOMO, and then slowly decline afterwards while the BFS to determine the economics later in year is completed?
How many years do you expect it would take for WWI SP to reach BGL/DEG levels, if at all?
just under 1million could well top up today to make it a clean 1mill ords ...
I have a SELL order in place @ 17.5c for a third of my holding ...that will basically give me free carry and some profit ...
I agree with your target 15-20c on FOMO but could be lower as Gold sector sentiment is off at the present ...we prob really need Gold to break $1900oz and trend north to reach 20c ...
I don't see WWI holding onto the westwits SA project long once MR-EA approvals are awarded ...personal think either Sibanye or Harmony will make their move before the years out .. I don't see WWI as a long term toll treater of Gold in SA .. we will either see a JV free carry for WWI or Cash 250mill etc payout ..
I don't see WWI as being the next DEG etc ... pure trade on asset sale once MR/EA BFS ...unless they explorer and find a major discovery at their Pilbara project
I see MEU - OBM - POD as being lower risk Aus based major miners of the future OBM of course is now Producing Gold .... LCD another I've just taken a few shares in .. high grade +low resource oz only 20mill cap
Wow, WWI cranking up today on volume, was there an announcement I missed?
Ann due 16th around EA - MR ... basically what WWI needs to have to turn that monster Gold resource back into a commercial operation later in the year ... I got a few more 7.5 right before it kick on ... certainly will move to the high teens if not higher if we here the right results .... to think I was BUYING at half a cent years ago !! If only I still held the 4mill shares .... now only just over 1mill
Yeah sadly I took the 100% ish profit and then sat on the sidelines from 1.4c to 2c then started buying back in when WWI potential to get EA - MR approvals to a turn for the better... upside here is pretty insane "Sibanye-Stillwater" 2nd largest WWI S/H holder!!! .. this is a 14billion USD Cap mining monster that has the Gold plant you could walk to from WWI project(I've viewed on Google maps) that has 12Moz + exploration upside (from the Chairman) ... just how many Tier-1 GOLD projects are there in the world this close to a Gold Plant.... they recently stated in the media they would like to grow resources in this region!!
Great to see LCD kicking on purchased my first lot last month got a few more 3.4c.... great little Gold play well worth a look
AZY, someone mentioned this the other day . I took a small position , looks like that was timely.
http://research.iress.com.au/IDS/old...091850000&ppv=
Just revisiting another impulsive investment about a year ago today.
JBmurc recommended CWX, OBM and RXL and suggested I would double my money within a year. Thanks to a fortunate disposal of MKR I have only lost 30% so far. Roughly $30k to $20k.
I should do my own research but I am too lazy so have paid the price. No bad reflection on JB's recommendations as he is in and out of companies depending on results and announcements, whereas I want to buy and forget about investments. Still haven't made any effort to understand the companies so getting the results I deserve.
Just thought I would update my progress as I don't want to do anymore work at the office today. Should stop posting really as I have been too busy posting this afternoon with nothing really useful to add. But have burnt some time especially with the crappy speeds on this site.
Certainly been driven by Gold coming of its Highs ...yet even at present AUD Gold price is at a healthy levels $2300oz+ ...I certainly wouldn't be selling at these levels GOLD is histrionic poor during JUNE .. I really wish I pushed you towards my other holdings at the time LCD,POD being a standouts to date .. always plenty of risks at this end of town >> I can change from BUY to HOLD to SELL all with a month and back again the next ... I did just the other DAY buy back into OBM @ 15c ... I also would like to get back on board CWX at this current levels ... see how WWI plays out ... we get positive MR - Infill drilling + DFS then I should have a good amount of capital to distribute as WWI should reach my 50% sell target 25-30c
Planning to BUY more OBM tomorrow ..and going forward would be good to get back to 500k shares etc>>
OBM at D&D 2021
https://www.youtube.com/watch?v=a9gNDeEti7Y
Wow people... listen to this... Michael Saylor absolutely destroys gold and all other asset classes...
Honestly, these posters here who are saying no to bitcoin are a total waste of your time...
https://m.youtube.com/watch?v=x1LvKmW_lXk
!!!
LOL wow !!!!
Great point JBMurc, this is a really subtle point which people tend to miss, instead of looking at USD Gold price, you need to be looking at AUD Gold price for Aussie producers. I purchased a chunk of EVN yesterday at auction close as a defensive position for my portfolio, it will probably get close to 3.85 the next couple of weeks as part of their CR for Kundana but it was still cheap at $3.96 and I wanted to highlight your post above to other traders as the currency plays e.g. AUD/USD and NZD/AUD were a factor in my decision.
Yes also great time to convert from the strong NZD/AUD ..and AUD Gold 2360oz hardly low histrionically >> we might well not see GOLD spike this month or next but it will head higher >>>
There will be no taper in the US. There will be no increase in rates.
Those options disappeared with 150% debt to GDP, $3 trillion annual deficits and now another $3.5 trillion in fresh "infrastructure" + Covid spending...
>>If anything we will see Negative rates during 2022>> then Gold will kick much higher
Jbmurc"Yes also great time to convert from the strong NZD/AUD"
I totally agree...
And straight into you know what...
Don't waste more time in the gold, forex paddling pool...
...
Watch this crypto vs gold debate...
Gold absolutely bashed up Michael Saylor destroys gold again...
Like a wreck less cowboy who couldn't make a lasso... LOL
I'm keen to hear JBmurcs opinion of this debate?
What do you think about Michael Saylors 2nd 5min discussion?
This is a must watch...
https://m.youtube.com/watch?v=coHC_9ApBdg