Building a Gold Stocks Portfolio

Discussion in 'Stocks & Derivatives' started by mmm....shiney!, May 31, 2021.

  1. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    Balancing out the crypto portfolio post with a precious metals one. I know very little about these recommendations, I would suggest "Between The Lines Finance" on Patreon for insight into some of these babies though. I've made a few notes about possible buy prices based upon my shoddy TA (they could be wayyyyyyyyy off though :p ). I'd be looking for reversal patterns in these price ranges.

    Those without any buy prices have probably flown in the March/April period and I'm not sure they'll drop back.

    https://stockhead.com.au/resources/...xperts-say-look-closer-at-these-8-asx-stocks/

    1. WEST AFRICAN RESOURCES (ASX:WAF)
    2. AURIC MINING (ASX:AWJ) It looks like the SP is in a reversal pattern from recent lows, 16.5c - 18.5c
    3. METALSTECH (ASX:MTC) 12.5c - 15c.*
    4. EVOLUTION MINING (ASX:EVN)
    5. GOLD ROAD RESOURCES (ASX:GOR)
    6. NEX METALS (ASX:NME) 3.3c - 4.1c
    7. KAIROS MINERALS (ASX:KAI) 3.2c - 4.0c


    Good luck and remember to DYOR. o_O

    Edited: MTC removed after some due diligence. Scroll down for discussion.
     
    Last edited: Jun 4, 2021
    wrcmad, mongrelmaple and GoldenEye like this.
  2. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    AWJ finished in the buy zone yesterday, that's 3 times now in the last couple of weeks it's indicated a reversal, just hasn't managed to break out of the range as of yet but at a substantial discount to its IPO price of 25c. MD English topped up his portfolio on May 13 at 15c as did Steve Morris last week at 15c and 16c. I'm going to do a bit of research on this, maybe someone else would also like to chip in? @PMCollector is this an area you're familiar with?

    MTC up over 11% yesterday to 19c.

    NME touched on the buy range and closed at 3.2c

    KAI nothing convincing yet closed at 3.3c

    I've made mention of one I do own Emerald Resources (ASX:EMR) in another thread.
     
    Last edited: Jun 4, 2021
  3. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    AWJ not much happening today so still in the buy zone, only 44K of volume traded

    MTC
    mega volume today (exceeding its MC!), up another 23+% on the back of drill results and into the overbought zone, pass for now, I'll reassess price after it's settled

    NME not much, 3c

    KAI into the buy zone with a 6% rise in the SP.

    EMR up again (3%) to $1.01 and also into the overbought zone, I've got no buy zone at the moment while the SP still climbs but am eyeing off a reversal in the 94c - 97c range if we've peaked, if it crashes through that then the 78c - 85c range.
     
    Last edited: Jun 4, 2021
  4. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    In-Gold-We-Trust-report-2021-Compact-Version-english.pdf p.17

    * my emphasis
     
  5. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    From the way I understood the report Incrementum's TA suggest a gold price of USD2700, not sure when, it may be in the full report.
     
  6. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    Hey, I didn't get notifications, so sorry for late reply. AWJ, I don't know it. I'll have a quick look now.... Must be a new one?

    Bit early probably ok for a punt I suppose, these explorer specs provide good swing trades but rarely make it into production as the execution risk is very high...having said that their tenements are in a proven geological setting, they have low SOI, low MC, a concentrated registar with management seem to be adding, cash in bank and recent high grade drill results. Good start, just need POG to ATH's and it'll be off :) Oh, also coz it's new, it normal for initial investors to offload after first bit of news, they either expected much better or CBFed holding and just in it for the flip. All IMO.
     
    Ivykoin and mmm....shiney! like this.
  7. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    Oh your list, I do own WAF, nice stock although the jurisdiction does make you nervous, would price much higher if not for that and EVN excellent dividend paying goldie, would top up on any big falls, they have their costs well under control so any upside in gold price with benefit, any downside not so much.
     
    precious roar and mmm....shiney! like this.
  8. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    Yeh, IPO in Feb 21. Very speccy, looks like a good crew running the show, their immediate goals (12 month) are to acquire more tenements, MD indicated they may begin a production phase in 2022, probably means dig up ore and send it off to another facility. We'll see.
     
    PMCollector likes this.
  9. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    Yep, I had a quick look at the crew, one of them was ex De Grey , always helps :)
     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,786
    Likes Received:
    1,555
    Trophy Points:
    113
    Location:
    Northern NSW
    WAF was one stock that contributed to my portfolio beating BTC returns last year. :p
    MTC looking good.
    The rest not on my list.
     
    mmm....shiney! likes this.
  11. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    WAF had been on my watch list for a long time, unfortunately I never got around to it.

    Luckily the 460% gain in my ETH holdings since late last year easily made up for that. ;)
     
    wrcmad and PMCollector like this.
  12. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
     
  13. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    Yep, also to be classified as T1 operation it should include cost...so large deposit, long life and low cost. The cost should be in the bottom q of the industry cost curve. Jurisdiction too... mines are hard to build and not many large deposits around anymore, hence heading towards supply cliff, I think of it as kinda like the 'halving thing' in bitcoin. hehe
     
    mmm....shiney! likes this.
  14. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
  15. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    Playing with Metalstech ASX:MTC drill results in hole 16, I'm just learning so I'm practising.

    Screen Shot 2021-06-04 at 4.05.18 pm.png

    126m of gold at 5.31 g/t, highlighted 70m of gold at 9.23 g/t which means that there's 56m depth of rock (1m deep to 40m deep, and 110m deep to 126m deep) where the gold grade is 0.4g/t. Cut off grade is 0.3g/t - I'm not sure why the cut-off grade varies in the report. Anyone? Reports I've been reading lately usually have had a cut-off grade of 0.5g/t and they use that consistently when reporting drill results, but then they're Australian mines.

    We could break those numbers down more, but I'm not sure if we'd end up with an accurate indication because the cut-off grades vary. But basically when I tried I got 3 meters of rock in the "off-the-chart high" grade mineralisation range, with the remainder in the low grade.
     
  16. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    ^ so basically they have to dig, dig some more, and keep digging through 126m of rock for 3m of super-fun action? :eek:

    I'm a novice but I'm not that impressed. Convince me otherwise.
     
  17. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    wrcmad and mmm....shiney! like this.
  18. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    ^ @PMCollector, that's not convincing me otherwise!! LMAO :D:D:D

    I'm going to put a line through them in my original post.
     
    PMCollector likes this.
  19. mmm....shiney!

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

    Joined:
    Nov 15, 2010
    Messages:
    23,898
    Likes Received:
    6,211
    Trophy Points:
    113
    Location:
    昆士蘭
    A timely reminder that news reports are often "sponsored' by the company being reported.
     
  20. PMCollector

    PMCollector Well-Known Member

    Joined:
    Feb 13, 2021
    Messages:
    589
    Likes Received:
    1,217
    Trophy Points:
    93
    Location:
    Perth
    Hehe...these can be great trades though, they often rip but usually end same way, that comes with the spec end of town.
     
    mmm....shiney! likes this.

Share This Page