I've compiled a list of IPOs which went to market in 2012 that mentioned they were actively exploring for gold, held interests in gold companies or had prospective tenements for gold (27 companies in all). Full results attached. Top 5: 1. BOA Boadicea Resources 170.0% 2. BBR Bora Bora Resources 122.5% 3. BRB Breaker Resources 85.0% 4. FOT Fortunis Resources 42.5% 5. NWF Newfield Resources 37.5% Bottom 5: 1. RGX Red Gum Resources-75.0% 2. ESR Estrella Resources -70.0% 3. TAR Taruga Gold -60.5% 4. BAB Bullabulling Gold -58.0% 5. VIC Victory Mines -55.0% Full list: Cheers Scott
If you invested 10K in each of the 25 that traded (ie 250k) you would be $3,533 in front (or 1.4%) I've been studying the small cap gold market extenisvely and there are so few that have outperformed. Many are turning into penny dreadfuls with low turnover of trades.
Thanx for that work mate! I have largely ignored they new comers in 2012... I do like the look of Dacian though, they caught my eye. In the same way that a good house on a bad street is a bad investment - a company with a good property but crap managment is a bad investment Here are some appendices that may help you think about smaller exploration companies Share Structure, People, and Projects - Mickey Fulp http://www.goldgeologist.com/audio/Precision IR/100119.mp3 http://www.goldgeologist.com/audio/... People, and Projects PrecisionIR 100113.pdf [youtube]http://www.youtube.com/watch?v=7pbo4ZuZeyg[/youtube] [youtube]http://www.youtube.com/watch?v=WcaFXytwZlE[/youtube] [youtube]http://www.youtube.com/watch?v=1oWgrtD49DQ[/youtube]
