Which ASX listed gold miners have you invested in?

Discussion in 'Stocks & Derivatives' started by willrocks, Apr 28, 2020.

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    And the Chinese are back....
    and CDV shareholders be like ..... pffft.

    cdv3.jpg
     
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  2. Ivykoin

    Ivykoin Active Member Silver Stacker

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    Anyone else received a call from a Nord Gold representative down playing Shandong's offer?
     
  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    They called me. :rolleyes:
     
  4. Slimey

    Slimey Well-Known Member

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    They also called me and told me in a cheeky Russian accent that I should have bought this stock instead of Lakes Oil.
     
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    So Nordgold sends out a 15 page or so glossy booklet outlining their offer and Shandong sends out 2 A4 pages in B&W stapled together. That’s a much more significant expense on Nordgold’s part isn’t it?
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    By the time I received Nordgold's glossy publication (x 2 because my CDV holding spreads over 2 separate accounts), Shandong had already outbid them. o_O So a big waste of time and expense it was.
     
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    what do you make of that if anything? Poor preparation on Nordgold’s part? Just unlucky? Situation normal in these cases? Maybe a bigger commitment to come? Or suck up the expense?
     
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I thought the delay may have been due to Auspost snail-pace delivering to regional areas.
    But then I started to wonder why they bothered at all?
    Of course SG was going to counter, so the glossy print would never have mattered.
    I put it down to either Nord being caught with their pants down in a moment of arrogance, or strategic PR to try and appear committed enough to turn Shandong off another counter.
    Not sure which one?
     
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  9. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Well, this has played out well.
    This morning's counter-offer at $0.90 by Nord is at the top end of the expected bid-range.
    Currently >50% return in 10 weeks - equivalent to 270%pa RISK-FREE.
    Shandong will hopefully raise from here, and returns will get even better. :)
    nordbid.jpg
     
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  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    And for anyone who has never seen a $400 million on-market bid before: ;)
    .
    .
    cdvbid.jpg
     
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  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  12. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Nicely played mate.......bravo!
     
  13. heartastack

    heartastack Well-Known Member Silver Stacker

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    lmao that’s insane!
     
  14. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Here's to another good week - these markets are throwing cash at participants.
    My best trade this year - a 2-bagger in 4 days :).
    Equivalent to 9125% pa.
    :
    On Tuesday:
    .
    OAR1.jpg

    .
    And today:
    .
    OAR2.jpg
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I read somewhere about digital currency, might be desperate attempt to send money out?
     
  16. Slimey

    Slimey Well-Known Member

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    Just speculated on SVLOB........get out while you can because whenever I buy a stock....the only way is down, down.
     
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  17. SilverNGold

    SilverNGold Well-Known Member

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    AUC, MDI, DDD
    waiting, waiting......
    For rocket fuel......
     
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  18. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    MZZ
    CHZ
    KAI
    MGV
    ARD
    GMR
    SAR
    SLR
    PDI
    EMR
    BDC
    BRV
    RXL

    Other resources stocks

    BOE
    HCH
    MGT
    CVV
    XAM
    GGG
    GTR
    PDN
    AZI
    ADT
    ARN
     
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  19. heartastack

    heartastack Well-Known Member Silver Stacker

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    KAU has started drilling. My fav spec right now 10bag or nothing..
     
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  20. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Shandong's offer for CDV now at $1.00/share. Nearly time to take some $ off the table.
     
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