$2000 to $500,000 with penny miners.

Discussion in 'Stocks & Derivatives' started by Wy So Lo, Mar 20, 2016.

  1. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Caput
    Had a glance at goldsilverdata, yes looks great thanks.
     
  2. bellinvest

    bellinvest New Member

    Joined:
    Jan 10, 2011
    Messages:
    317
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Brisbane, Australia
    TROY Resources (ASX:TRY)

    The management has skin in the game, have been in South America for a long time and have weathered bull markets/bear markets.

    Check out their chart... they went from $0.50 to $5.00 in the bull market between 2008-2011, were a dividend payer etc. Then like most gold stocks, they rode the bear cycle down hard! bottoming in at around $0.19 in early 2016, again, like most gold stocks.

    Their key-note operation in Guyana was purchased through a takeover of Mutiny Gold several years ago. Mutiny had done most of the drilling to get the JORC deposit. TRY did some infill drilling, but only enough to 'sure-up' the numbers for a feasibility study.

    So come mining time, and when they started stripping the overburden, they found a surprise in that the originally incorrect in that both a E/W AND N/S mineral system was present. This sounds terrible from a 'well-run-company' image, but it has been a sweet surprise! The 5-6 year mine life i believe, and come Q4, might just move out to 10 years. Perfect to weather this bull market when it actually gains traction.

    TRY will look to make 120,000 * AUD$1,000 = $120,000,000 at current prices... before tax etc. and with a market cap around $170M... its a pretty good business to hold for a few years IMO.

    I hope this helps.

    BB
     
  3. markc

    markc Member

    Joined:
    Apr 30, 2011
    Messages:
    347
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Brisbane
    The auger sample program performed earlier this year was positive. Drilling has since commenced and results are due at end of this month. Directors have also been exercising options so it looks promising IMO.
     
  4. roscoebuddy

    roscoebuddy Member Silver Stacker

    Joined:
    Apr 3, 2012
    Messages:
    430
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    OSE Melbourne
    AYC is definitely another one worth checking out in my opinion.
     
  5. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Bell invest You said hope this helps. Oh yea that is amazing I love that chart and i can see your point. Really is a no brainer. I like the traded volume in 2016 as well, looks like it has lifted off. might grab some.
     
  6. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Ayc is offering a great entry point right now. Two questions. What are the basics of this company and what do you think it's blue sky potential is.

    Thanks for your input.
     
  7. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    so anyone got suggestions regarding a broker. Must be able to open account with $2000 , trade Canada USA and Australia stocks dont need any fancy platform.Must be able to be non US citizen.
     
  8. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

    Joined:
    Nov 12, 2014
    Messages:
    4,226
    Likes Received:
    1,994
    Trophy Points:
    113
  9. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,552
    Likes Received:
    977
    Trophy Points:
    113
    Location:
    New South Wales
    This thread is definately a good idea and well intentioned, but it may very quickly become unreadable and if it does it will just die.

    I have started doing some of my own analysis on gold miners in Australia and I think what is missing here is some kind of methodology for identifying and assessing investment prospects.

    I'm a bit of a spreadsheet guy and so when I sit down to do something like this I start to ask myself, what are the important attributes that I need to consider (and measure or rate) when comparing between elements? I'd start with a bit of a brain dump like this :-

    ASX Code
    Company Name
    Capitalisation
    Debt (as a percentage of capital)
    Board of Directors (are they newbies, experienced, can they be trusted?)
    Country of Operation (and therefore currency)


    Then I'd start categorising the company primary assets with their own attributes. Something like :-

    Mine (Current in production) :-
    Location
    Grade
    Cost per unit of extraction
    Metals Present (eg, 70% gold, 30% copper)
    Reserves / Mine Life


    Reserves (Discovered but no mine yet) :-
    Location
    Grade
    Metals Present


    Prospects (Exploration licenses?) :-
    Location
    Nearby Discoveries
    Likelihood of discovery


    As the analysis evolves it would probably become a relational database that could then be used to generate models. What I'd be getting down to would be a tool that could answer questions about the impact of different commodity prices, currency moves, geopolitical risks etc and be able to start comparing apples to apples.

    Things like share price "beta" could be calculated from the above data and when the market doesn't react appropriately to changes in determinant commodities or currencies then that would present a buying (or selling) opportunity.

    It sounds pretty full on and it's a bit of work, but if you're fair dinkum about doing sector analysis right then this is the way to approach it IMHO.
     
  10. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Yeah, right, so back to the well intentioned barely readable stuff.
     
  11. finicky

    finicky Well-Known Member Silver Stacker

    Joined:
    Jun 10, 2011
    Messages:
    3,468
    Likes Received:
    75
    Trophy Points:
    48
    Location:
    Dreamworld
    Here's a few I've noticed being ramped in a newsletter and on another forum. Buy a few of these to help the rampers trade to a free carry at your expense:

    SUM, EXU, CMM

    Check out the positive monthly volume explosion in EXU particularly. Absolutely not interested myself. Sorry if any of these are already listed.
     
  12. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,739
    Likes Received:
    1,036
    Trophy Points:
    113
    Location:
    Melbourne


    What is your top 5 list?
     
  13. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Update and response, I am waiting on an enquiry to Boom brokerage Asia division and it looks promising. They do not have Toronto on their exchange list and thats a shame because many of the larger in ground explorers and miners are based there. They have no minimum initial deposit so to Stoic Phoenix might interest you.
    Bugged out. I am hoping that we can keep things moving along and keep it interesting and maybe motivating for those that have that gut feeling that this is a potential life changer. As for spread sheets i am hopeless. My basic concept here is not to start an investing platform, however if i was putting my super fund in to it i would be approaching it from a risk off position that you are wisely presenting.
    Finicky Sumatra has a good entry price however, BSP blue sky potential is not jumping out at me and looking at their site it appears they have fairly small deposits although my research is far from exhaustive. EXU goes straight on to the shortlist because of its BSP. Capricorn is a company that i would buy immediately for my super fund based on the amazing strength of the chart. cheers.
    Just to frame our objectives here is a thread where the impossible goal is exceeded. I do not consider myself stupid, reckless or full of it, what I want is a balls to the wall experiment with MONEY YOU CAN AFFORD TO LOSE. I have been a conservative type most of my life, and now that this has dropped in to my head i intend to proceed.
    During the tech stock boom IPO's were floated and traded many multiples within hours. We tend to forget just how stupid a populous can become in a mania phase. There were companies that had nothing of substance, more than a glossy prospectus, attracting millions of fools dollars. Want to be on the early side when or if that happens in the PM miners. Risk = $2000 , reward= $500,000 , odds =???? We are looking for absolutely unbebloodylievable gains.
     
  14. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Skyrocket Thanks for landing here. We may have to borrow your monica for our mascot.:) I have not yet thinned the list and every day i add another 10 lol. Quite a few are Canadian and depending on broker i will probably have to drop all of them. It has entered my head that i may use a second broker that is say Canada based or even a European co that covers Toronto. America is so insane since the un-patriot act was enforced that i would be terrified of any brokerage
    based there. Remember Corzine.
     
  15. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Shortlist update
    Batero Gold
    Ausgold
    Troy res
    A1consolidated
    Liberty gold
    Skeena res
    Gold reach res
    I Am expecting that when i go back to trim the list there will be a fair amount i will flick easily however my approach is not rocket science, keep it simple. There are a few things that mean a lot just by glancing at a chart. I used to use a dozen indicators now its volume and a 200sma.
     
  16. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,739
    Likes Received:
    1,036
    Trophy Points:
    113
    Location:
    Melbourne

    You may.

    btw, there's enough room for two on my rocket provided you give me a few good penny miners tips ;)
     
  17. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Ha .. Any on Those lists are as wild a guess as i can make at this stage. I will trim them and put up my final say 15 then you guys can offer suggestions on what i have missed and what you would turf. I would encourage you to make comments if you feel you have input that may be of value to the general theme.
     
  18. boneyard

    boneyard Well-Known Member Silver Stacker

    Joined:
    Jul 10, 2009
    Messages:
    6,093
    Likes Received:
    426
    Trophy Points:
    83
    Location:
    55G 528505 5257160 TASSIE
    Just parking so I can find it later.
     
  19. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
  20. Wy So Lo

    Wy So Lo New Member

    Joined:
    Mar 20, 2016
    Messages:
    198
    Likes Received:
    0
    Trophy Points:
    0
    Skyrocket , can you trade Canada stock.?
     

Share This Page