Picked up both RSG & BDR yesterday on the basis that gold will bounce. ;-)
Should be off like a rocket Monday.
Gold looks good now to take out $1300
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Picked up both RSG & BDR yesterday on the basis that gold will bounce. ;-)
Should be off like a rocket Monday.
Gold looks good now to take out $1300
I got a little bit of nst yesterday.
Was thinking TRY too but not enough fund. Lol
RMS from 4-5c to 15c last couple months ...13.5c currently sold my ords at these levels and put the funds into RMSO 5.7c got another buy @5.5c ....I see 17-22c(ords 29c-34c before Aug expire) ... will get another couple Qtrly results ...then with opts in the money will should see RMS cash/bullion over 50mill ann in the Sept Qtr ...this will be where many Investor's will finally wake up RMS has a good future and pay 40c+
PXG-moved to 14c pull back on Qtr results shown high AISC on their ramping up of their kintore project which is to be expected next couple of Qtr will give as a much better idea of cost one we are producing the higher deeper grades of ore..
NGF should be close to securing contracts to move toll treatment ahead ....major income for PXG with nil costs
You need to look at the conditions attached to a particular issue of options but in the case of RMSO I believe that they are exercisable at 12c at any time prior to 1 August 2015. Correct, JB?
Incidentally, I saw a headline in this morning's AFR, article behind the paywall, to the effect that Owen "stronger for longer" Hegarty, once CEO of Oxiana/OZL, is tipped to be on the lookout for mining company acquisitions for an American investor, with $450m to spend. Could buy a lot of gold juniors with that kind of money - or maybe a stake in a bigger fish - such as OZL?
Pure speculation on my part but would be interested if anyone is able to penetrate AFR's paywall for more detail.
:cool:
Not sure I would trust Owen Hegarty.
He's a force of nature & a great salesman. Very similar mold to Twiggy Forrest. Probably why they get on so well.
Watch the gold junior wantabe Manas Resources (MSR) at opening on Monday...Gold Explorer company management running out of money..and have indicated (announced after closing on Friday) putting up a potential gold mine for sale sign....
The present Share price very low (1.8c) due to Management goals uncertainties, lack of communication, and failure to hurry up and find finance to continue...
Always going to be tough in a place like Kyrgyzstan.
Need very good grade i.e. low costs to make it worth the risk & the project doesn't look like high grade.
They could be sitting on that one for a while I think.
Just brought back into PGI though the PGIDA ....10:1 con .....some major deals on the table if they can pull them off PGI should well be re-rated much higher overnight
Considering the sell off in gold, gold stocks have held up quite well and in most cases are bouncing.
Lets see what gold does tonight!
Yes Glad I sold my RMSO for 6.4c av last week now trading @ 5c .....did put the bulk of the funds into RMS 13.5c and now thinking selling 12.5c and sitting back ...if PGI announce US Gold toll treatment it sounds like they will they should go through the roof....good buying here
From the PGI Quarterly,
PGI “has reached agreement in principle to acquire a controlling interest in +1.0 million oz Au high grade refractory deposit in North America, with the potential to produce concentrate grading approximately 100g/t Au. A binding HOA with respect to the development is expected to be formalised by the end of February 2015.”
GPM in Albania is using clean, 40 g/t, Au concentrate in an Albion process and achieving a recovery rate of 93-96 % Au. (http://www.albionprocess.com/EN/downloads)
PGI should be able to achieve this rate with their 100g/t concentrate. That would mean PGI could produce 930000 oz Au over the life of the new project. At 1200 USD /oz. This is a revenue of 1116 million USD. (1.1 billion USD)
PXG just announced 6 mill raising 5 mill from major interests (NGF/Zijin ?) other 1mill for S/H's fully underwritten ....great investor support here for good reason ....
Not that Resolute (RSG) should be classed as a junior with 315k of production, but anyway I have been loading up in the last few days as its been sold off after announcing write-downs & obviously gold under pressure. With China out I suspected the market might have a crack at gold, but the Chinese start returning today/tomorrow, although quite a few will take the week off. Gold should see some pick up in demand so I expect we may have seen the lows in this move.
RSG has a market cap of just over $200M & I think is the cheapest producer on the ASX on a per ounce production basis.
What I liked in the recent report was that they have announced a substantial reduction in costs for 2015 whilst maintaining production guidance & have reduced capex outlay by deferring the Syama expansion.
Well Should get your RSG cheaper come monday Daytr ..... Happy to keep holding my three...
PXG--just raised 5mill + another 600k from S/H's 10mill+ in cash ...NGF toll treatment final agreement anyday now.. the best exploration
grounds in PXG W.A tenements results to come...should hold above 9c ...
PGI-perfect movement in gold price for PGI with 1200oz USD hedge for the next 2yrs gold goes to 1100oz US PGI could close out hedge for 8mill+ profit ... low cost of production ....working on securing more gold ore to toll treat ...
RMS ....Growing cash balance / some hedging
Will get some rsm when it goes below 11c