32 replies to this topic

[Queen B]

Gold miners had nice increases today after the US job data.
DRD had a shocker though after their results this morning. Do you think the shares will bounce back again?

[alexander]

Mining stats released on the 11th of September

Attached Files

•  sa mining stats July 2013.pdf   156.02KB   16 downloads

[carlosthejackal]

what are you buying?

GFI

[HendrikB]

ok time to buy.

what are you buying?

[carlosthejackal]

I am going to wait until it hits 48.00

ok time to buy.

[delta66]

gold miners taking a hammering today, again.

yeah, its a crying shame, also overlooked them yesterday   was preoccupied picking longs in other sectors. could of made a lot of money had i traded exclusively in that sector over last month.  when my existing positions close out i'll be focusing on "miners"

[saint1]

gold miners taking a hammering today, again.

[HDB]

Any thoughts ATLATSA? It has been climbing from R1.80 since June/July to a high of R4.50 yesterday... Its financials does not look too promising but the shares are increasing in value?

 

Vader had a pot full of these...maybe he can enlighten you

But haven't seem him for ages here!!

[Jonny]

Any thoughts ATLATSA? It has been climbing from R1.80 since June/July to a high of R4.50 yesterday... Its financials does not look too promising but the shares are increasing in value?

If I remember correctly they sold some shares to Anglo or something (it is in the SENS). They going to use that to pay off their debt. That will save them something like 80 mil a year in interest. Basically, everyone is expecting them to make some profit soon. Bit upset I sold this so early, but I wanted the money for POY (which served me well  )

Edit: Typo

Edited by Jonny, 29 August 2013 - 10:17 AM.

[Slash]

Any thoughts ATLATSA? It has been climbing from R1.80 since June/July to a high of R4.50 yesterday... Its financials does not look too promising but the shares are increasing in value?

[higgie]

hi

 

does anyone have any information why WEZ climbing because I bought some at 44 and wanted to know if I must sell

 

thanks in advance

[Bounce]

I don't see why not if the gold price jumps to 1500-1580 level one could double your money

[HendrikB]

bought village today at 36c.   bit of a longshot but with the

weak rand, rising prices... you never know.

bottom is in I think.

Edited by HendrikBruwer, 26 August 2013 - 11:31 AM.

[Bounce]

I bought lonmin @37.50 and AQP @ 5.80 and some ARI,SGL and TKG..... still holding.Want to add some GFI for more gearing.

 

[soutie]

I'm not overly excited about gold or CEO's of gold company's.

Nick Holland though is a straight talker, honest answer below so be careful

 

NICK HOLLAND: I think in the gold industry now it is. And we are seeing prices now of $500 or so below the highs. It means that gold companies have got to change. The average all-in cost for the gold industry is probably $1400 to $1500/oz, so it certainly is higher than the spot price today. That means that all gold producers have got to rationalise in one form or another, and I think you’ll see a very different industry in 2014.

 

Taken from Moneyweb.

[HDB]

At the moment I cant find any value in the market...Lonmin and most plat shares had a nice bounce already...I'm just trying to look for the next bottom with out getting my fingers smelly 

 

resource shares especially plat are offering the most value!! I have sais this a few months ago and ill say it again. When cycle is down then is time to buy resource stocks unlike some here  who are now buying retailers and industrials when they at the peak of their cycles.

 

Reasons to buy resources

1. rand is weak - they sell in dollars

2. Good numbers out of UK and Euro not forgetting China this week. So car makers will need plat..

3. I feel bottom has been reached for plat stocks and IMP at R116.00 is not definitely a buy at these levels..

4.AGL .. a confirmed breakout above R240.00 will signal a buy..its trading  here for last few days so ill wait for volume and maybe R245.00 before I load up more!!

[Bounce]

At the moment I cant find any value in the market...Lonmin and most plat shares had a nice bounce already...I'm just trying to look for the next bottom with out getting my fingers smelly 

[Bounce]

Gold will drop to 1350 to 1340 then we should see a break through 1420

[jaDEB]

Buying more GFI today...I think its a good move buying Aussie mines now.Will hold for 8 to 12 months

 

Gold has climbed a lot lately from below 1200 USD to 1370. Do you not think it might be a bit late. all thought I think if it hits 1400 it will keep going.

[carlosthejackal]

Buying more GFI today...I think its a good move buying Aussie mines now.Will hold for 8 to 12 months

I am going to wait until it hits 48.00