Thinking of making a small investment in a gold stock as I think the consolidation in the gold price shows that the bottom in this correction is either behind us or not much below what we have seen. I was looking to get opinions on what you guys think would be the best gold play on the market now. I am deciding between - Regis Resources (RRL) - Silver Lake Resources (SLR) - Northern Star (NST) - Kingsgate (KCN) - Perseus (PRU) - Newcrest (NCM) and to a lesser extent - Kingsrose (KRM) - Phoenix (PXG) also thinking about putting a very small amount into Condor Blanco (CDB) do any of you guys know much about this stock? Do you think its worth a punt? Cheers for any input.
I prefer the management styles of EVN and BDR. Of your list.....they've all been smashed.......but every day they drop a bit more.
Probably none - the only ones I've been tempted by are NST and maybe SLR At least now we can see which ones are producing at a profit and don't repeatedly come up with issues. The ones that look robust - where's the attraction of NCM or KCN? I'm leaving out MML because the lastest report shows they are waiting on Phillippines govt congress vote on whether new taxes and royalties/ RRL seems good but has retraced the least - still maybe it's best to focus on quality not cheapness
Troy & Chesser Resources always get my vote, however I sold out of those & jumped in with both feet onto the BGS train... way ahead of Eric Sprott as it happens...
thanks for the advice guys yeah I am trying to look more at the quality companies that are in production and on the ramp up I was leaning towards RRL or SLR both are good mid tier companies looking to take the next step plus both are looking towards paying a dividend in the next couple of years (RRL later this year at 20 cents).
Interesting you say that HH - I was thinking about buying a pile of Commbank preference shares in coming months for their yield I don't know if they're classed as 'blue chip' any more (!), but the alternative might be ordinary shares for growth + divvies - are you saying that Commbank, Westpac, BOQ etc are positively out of favour in terms of risk/exposure to EU & US, or are you thinking AUD$ strength, manufacturing/exports etc are a problem too?
Don't let me stop you mate, if you can take a haircut in capital it may be for you. They may offer you citizenship as compensation