Which ASX listed gold miners have you invested in?

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

  1. mmm....shiney!

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

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    From a technical perspective if it was me I'd wait. The SP is trending lower, it could test the 0.115 mark. I'd be looking for some consolidation after it falls further then a sustained uptrend into the 0.135 - 0.160 price range and buying there (as long as the fundamentals checked out which I haven't done).

    Gold from a technical perspective is also trending lower, but we're still in a gold bull market.

    And remember this when taking financial advice from others: "Your friends are fkn stupid!" ;)
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Thanks for the technical advice. I was investing based on the strength of their management crew and their position relative to other producing mines, but a bit turned off by the fact they've been exploring for ten years now. I'll see where the price moves and if it falls lower as you suggest I might try stick an order in.
     
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  3. mmm....shiney!

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

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    To further expand on the above, this is a gold explorer that has been on my watch list since about August/September last year. Fundamentally it's ticked a few boxes for me, it also appeals to my risk level which is highly speculative.

    Technically though I haven't bought in. The SP is trading below my current calculated buy price which may sound mentally retarded on face value, particularly as I've got a mentally retarded face, but that's because its SP is in a downtrend so it's still got the potential to keep falling. If it does I just recalculate my buy in price factoring in the falling SP and wait until I've seen some consistent uptrend before pulling the trigger. I may pay a couple of cents more than if I'd bought at the bottom, but I'm more confident that the SP will rise.

    [​IMG]

    My current buy price is in the 0.400 - 0.465 range. As you can see the SP is nearly 9% below the bottom of that range. Not trying to blow my own trumpet but if you pop over to the last few posts of the SLR thread, I pointed out a similar thing in November last year.

    Edit to add: although the jump in the SP of SLR in early January may have made me consider that the trend had reversed. I hadn't done any price calculations on SLR so I don't know.
     
    Last edited: Feb 6, 2021
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  4. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    BCN has just announced to start to pay a dividend finally. Plus, its a nice initial dividend.

    Hopefully, this is the push it needs to get out of the sideways channels it has been in for a while.
     
    Last edited: Feb 12, 2021
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  5. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Yep & a hefty divi at that!
    I probably would have preferred those funds to be used differently but perhaps there's some big news in the pipeline that makes them so confident???
     
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  6. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I am 12% up on ASIA now since buying where I would only be 8.5% up if I had held BHP
     
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  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Also have a look at ishares IAA etf
     
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Be careful.
    It is a dog and the market knows it.
    Div looks juicy, but not after it tanks ex-div.
    LOM is a big problem.
     
  9. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    What's fundimentally wrong with BCN in your opinion?. This seems to be a stock that has people divided on either having good potential or being a dog stock.
    It's better than some of the stocks I had in my portfolio.... Like THD for example who's back on the ASX soon and now a gold miner:eek:
     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Fundamentals are spot-on...... P/E of around 3 for a 3.5 year LOM. That is standard.
    But it doesn't get better than this without a LOM extension.
    They drilled Lost Dog and it was marginal. So where are the next prospects coming from?
    If the current dividend payment was to continue (excluding special div), and that looks likely, by the time they mine out their current reserves, they will be left with $100 mil in the bank (and that is assuming Current Quarter POG, which has already dropped). So no guarantee there.
    $100mil is less than current MC. So essentially you are left with a cashed-up exploration Co. in 4 years time...... and the market is pricing it as such.
    Some are sprukeing the current 17% div yield over the next few months, but that assumes price holds ex-div.... which it def wont IMHO.
    So where is growth coming from to justify a SP increase?
     
    Last edited: Feb 19, 2021
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  11. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    All good points I agree with completely. I do get the feeling they are set in their ways and are happy with what they have at the moment and just want to focus on lost dog etc.
    There is a pretty good team there and they would be able to do a quick turn around when looking at new prospect areas.

    At the moment I'm happy with a position in BCN. Time will tell whether they shift their focus onto new claims.
     

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