Which ASX listed gold miners have you invested in?

Discussion in 'Stocks & Derivatives' started by willrocks, Apr 28, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    what do you make of that if anything? Poor preparation on Nordgold’s part? Just unlucky? Situation normal in these cases? Maybe a bigger commitment to come? Or suck up the expense?
     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I thought the delay may have been due to Auspost snail-pace delivering to regional areas.
    But then I started to wonder why they bothered at all?
    Of course SG was going to counter, so the glossy print would never have mattered.
    I put it down to either Nord being caught with their pants down in a moment of arrogance, or strategic PR to try and appear committed enough to turn Shandong off another counter.
    Not sure which one?
     
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  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Well, this has played out well.
    This morning's counter-offer at $0.90 by Nord is at the top end of the expected bid-range.
    Currently >50% return in 10 weeks - equivalent to 270%pa RISK-FREE.
    Shandong will hopefully raise from here, and returns will get even better. :)
    nordbid.jpg
     
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    And for anyone who has never seen a $400 million on-market bid before: ;)
    .
    .
    cdvbid.jpg
     
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  5. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  6. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Nicely played mate.......bravo!
     
  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    lmao that’s insane!
     
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Here's to another good week - these markets are throwing cash at participants.
    My best trade this year - a 2-bagger in 4 days :).
    Equivalent to 9125% pa.
    :
    On Tuesday:
    .
    OAR1.jpg

    .
    And today:
    .
    OAR2.jpg
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I read somewhere about digital currency, might be desperate attempt to send money out?
     
  10. Slimey

    Slimey Well-Known Member

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    Just speculated on SVLOB........get out while you can because whenever I buy a stock....the only way is down, down.
     
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  11. SilverNGold

    SilverNGold Member

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    AUC, MDI, DDD
    waiting, waiting......
    For rocket fuel......
     
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  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    MZZ
    CHZ
    KAI
    MGV
    ARD
    GMR
    SAR
    SLR
    PDI
    EMR
    BDC
    BRV
    RXL

    Other resources stocks

    BOE
    HCH
    MGT
    CVV
    XAM
    GGG
    GTR
    PDN
    AZI
    ADT
    ARN
     
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  13. heartastack

    heartastack Well-Known Member Silver Stacker

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    KAU has started drilling. My fav spec right now 10bag or nothing..
     
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  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Shandong's offer for CDV now at $1.00/share. Nearly time to take some $ off the table.
     
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  15. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    That is now a 70% return in 10 weeks (365%pa equivalent) RISK FREE.
    Not even PM's have a risk:reward ratio like that. ;)

    $1.00 is now the floor price, so I am holding out for another counter-offer from Nord. This remains risk-free.
     
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  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    OAR touched 3.3c, which makes it >200% return in less than a week.
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    And this one purchased on Friday - currently at 1.6, so returned 100% in one day. o_O

    SBR.jpg
     
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  18. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    116% here though it wouldn’t be called risk free in my circumstance as I’ve held these shares for about a year or more speculating both a higher POG and a takeover.

    Yep, a solid case for if you’re “into” PMs then you should at least consider diversifying into gold/silver stocks. Even an ETF like GDX. Especially as you’re already likely to have an understanding of the fundamentals of the market. Unless of course you read too much Schiff or Bix Weir. :p
     
    Last edited: Sep 7, 2020
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  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I see that ADT is manoeuvring over to maybe being a primary Ag player.
     
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  20. Ivykoin

    Ivykoin Active Member Silver Stacker

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    Your on fire.
    At what stage do you freecarry or is it a straight trade with the specs?
     

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