Hypothetically say you had $100k to invest and your looking specifically at gold stocks. Not too highly spec, but the type you would be comfortable with say at least a 3 year horizon. What would be your 5? Mine would be EVN, NST, BLK, SBM and RMS. BLK has been a bit of a worry but I think still has good upside.
NST, NCM, EVN, RRL, SLR Probably in order of risk. Ironically, I am currently holding EAR but it's in the bottom drawer and I wouldn't wish that on anyone. I think I got conned on that one at the PM symposium last year
Yeh, in 2015 I bought some at 13c and sold them at about 19c.....was happy for a couple of days but have been kicking myself ever since.
SF was so disgusted with himself he emptied the trading account threw out the candle sticks and hung up his gloves. Reconing was such an obvious trade n too jittery to pull the trigger best give it away. RIP
Afraid I can only put two at the moment: NST and RRL, and I'd put more than half in NST I'm caught in a bit of a downdraft of confidence right now about metals and miners, dont really know why, couple of negative articles probably.
It seems sentiment is down across the board small gains when gold was up a decent amount nearing $1300 big drops for small or flat movements down. Maybe a bit of manipulation or some nervous nellies who knows. care to share thoughts on RRL? That's twice mentioned but don't know much about them. Mid cap but I assume higher risk than an NST?
@Abossy Hi, there's a thread on RRL: http://www.silverstackers.com/forums/index.php?threads/asx-rrl-regis-resources-ltd.15245/page-3 RRL had another positive looking Mar 2017 Qtrly I'll take the lazy way and reproduce one post from the thread that gives the simple reasons for my sentiment. One thing not emphasised is that RRL pays the best dividend yield that I know of amongst the gold stocks - currently 4.3% on Friday's closing price, and that's franked: "So RRL is currently the only gold stock I'm currently watching for a buy as a diversification from NST. Over 5 years RRL is easily the best quality of the alternatives to NST, using the simple backwards looking metrics that I do. I am only investigating those with Australian mines. Comparison fy12 - fy16 from comsec RRL Book Value ($): 0.53, 1.09, 0.64, 0.82, 0.96 Return on Equity (%): 28.70, 27.00, -46.20, 21.20, 23.20 NST Book Value ($): 0.23, 0.26, 0.42, 0.55, 0.75 Return on Equity (%): 23.20, 25.20, 15.80, 33.70, 36.90 RRL had a very bad fy14 year due to a flooding disaster during a low gold price period. In the subsequent two years it has recovered most of its book value and is turning a high ROE on that value. RRL has no long term debt to speak of, and has a very nice cash position albeit a third of NST's Forward looking, RRL is finding reserves close to its mines at low cost, and looks to have strong future prospects along this line. Similar to NST in this regard. RRL'S fy16 report showed it has substantially increased its reserves after depletion. Again, similar to NST. Price-wise, RRL looks a little more attractive. It has a similar P/E to NST, but pays a significantly better dividend yield. If you had bought RRL during the bad times at say $1.50, (it got lower) you'd be getting around 10% franked yield on that cost price now, with good reason to believe it will improve. The price to book of RRL is considerably less than that of Northern Star: P/B RRL= 3.44, P/B NST= 5.19"
