Yeah they are having great success with the drill bit!
Printable View
Yeah they are having great success with the drill bit!
looking forward to PGI DEC Qtr results.... market not valuing PGI gold hedge at all ..
what you reckon guys I'm no expert on hedging but does sound like PGI has some downside protection on the further falling Gold price (if not actually pay off all their debt quick smart)...also PGI always predicted to produce Gold eqif for round $650per oz now recoveries haven't been as good as hoping but with fine tuning of late pushing recoveries much higher costs must be coming down ...PGI could well be the turn-round story of 2014 IMHO gold falls to $900 PGI closes out hedge for enough money to fully pay of all debts and some ...and continues to produce Gold eqif for a solid profit
--post from speculator on HC---
I think the hedge that PGI hold is now becoming a bit of a trade of sorts, as in, buyers know that if the POG drops massively, PGI will be well within its rights to fill the hedge, wipe of its debt and be sitting on a functioning gold producing plant while, lets be honest, the vast majority of gold stocks will simply go belly up due to their costs being so high.
I think the hedge still has approx 100k ounces to be filled, with a price of $1320, at current POG, sold, it would provide PGI with about $10.2 million, which of course, would not be enough to pay off the loan, but if gold does drop further, I mean really drop, the viability of filling the hedge becomes a reality. i.e, at $1000 US per ounce, we are looking at $32 million, at $900 US, we would have $42 million.
JB, is that an AUD gold hedge or USD hedge?
VXR I picked up at half a cent has got some buyers this morning, think something up. No announcement yet. They seem to be getting back on track & I think will be back over 2c before long.
So lets go people.
Pick your best gold stock for 2014 same as I'm doing on HC.
Pick the best performing gold stock for the end of 2014 in percentage terms.
Price will be compared from the close on 31st Dec 2013 compared to the close on 31 Dec 2014.
Rules.
1) Stock must be ASX listed.
2) Only one pick per participant.
3) No reason or commentary to be entered into otherwise risk disqualification.
4) Just post the stock code, nothing else required.
5) Picks close as at midnight 31 Dec 2013 AEST.
My pic is SOC
Nope gets to be too much work
I'm tossing up between OGC, NTL and EVN...
I've got a soft spot for Sth Island companies and so, OGC it is. I'm picking its sp to be a little over $4 by 2014's year-end. Trading to it.
Pick your best gold stock for 2014 same as I'm doing on HC.
Pick the best performing gold stock for the end of 2014 in percentage terms.
Price will be compared from the close on 31st Dec 2013 compared to the close on 31 Dec 2014.
-------------------------------
--PGI .my pick. will finally get it new tech plant to work the way S/H hoped ...hedging will protect downside
Any thoughts on Tribune (TBR)? Not my area of expertise, but looked interesting. I'll have it for my pick anyway :)
ROL slowly proving up a monster of Gold and other metals.
I like the idea: 1 shot at the bulls eye.
My pick : GOR
Last chance to get your stock picks in !
Daytr,
Since you went ahead on my rec and bought TRY at a good price (up 6% since then), I thought it only proper to do the same off one of yours.
I purchased a small parcel of WAF today @14c. All I really had to go on was what I read on their Web site and in their lastest cashflow report. Also, their chart looks timely for a buy (rising RSI, good support at 12.5c, etc). Before I decide whether or not to buy more, what can you tell me about its management, prospects and track record?
Send me a private message if you prefer.
Cheers,
BC