which gold miner?

[Jess9]

Any suggestions for looking into further?

Something that is well managed, good growth potential, not over hedged, or am I asking to much ; )

[shasta]

Look into GRD a dual listed stock, & owns 57% of OGD as well.

Just won a large contract too!

[limegreen]

Lihir Gold (LHG) on the ASX has had a pretty stunning run recently...

[Wiremu]

Newmont (NEM), but like most gold producers it has had its run.

If you want growth potential you will need to look at the gold exploration companies. Heritage (HGD)is worth a look.

[lambton]

quote:Originally posted by Jess9

Any suggestions for looking into further?

Something that is well managed, good growth potential, not over hedged, or am I asking to much ; )


OXR and PNA

[paul29]

Olympus Pacific Minerals OYM TSX Venture Exchange

OLYMPUS PACIFIC MINERALS INC. is engaged in the acquisition, exploration and development of mineral properties in Vietnam and surrounding region.

Top Companies in Precious Metals (Selected by Assets)
Barrick Gold Corp, Placer Dome, Kinross Gold,
Meridian Gold, Agnico-Eagle Mines, Goldcorp Inc.
,Centerra Gold Inc. Glamis Gold, Bema Gold.


TSX Venture Exchange web site www.tsx.com



BENDIGO MINING ASX Thats what i have been buying Share price up 100% in 12 months

1-Week Range (Low-High): 155 - 181
4-Week Range: 131 - 181
26-Week Range: 95.5 - 181
52-Week Range: 88 - 181

[Chris]

Hi Paul,
slightly related question. Which broker do you use when trading on the canadian markets... I have yet to find an online broker that allows kiwi residents to trade there!!!

Has WSP still got a stake in this? Thats Chris Castles baby still aye!

Thanks in advance
Chris

[Fish Broker]

quote:Originally posted by limegreen

Lihir Gold (LHG) on the ASX has had a pretty stunning run recently...


And IMHO it has got further to go .......

They had landslide problems last year and tragically lost (2?) employees and of course suffered production drops. Currently moving back on the back of the strong gold price and on resuming full production.

I think the chart is looking pretty good - any chartists like to comment?

[airedale]

Hi Chris, I havn't seen Skinny posting lately, but I think that he used to mention trading on the Toronto exchange. An email to his address might get you some info.
And OGD is having a good day today both here and in OZ.

[Chris]

Thanks airedale...

I trade on the TSX all the time at the moment but I do it through Craig & Co (probably no there name anymore!!)

Just looking for an online broker as those canadians have some funny rules about people who dont walk, talk and smell like a canadain shouldnt be able to invest in moose droppings like the rest of them...

oh well... looks like a few aussie and kiwi companies are up there listing on the TSX...

Cheers
Chris

[cragga]

Hi Chris,

I found this broker http://www.interactivebrokers.com/en/main.php who allow trading on Canadian Markets (Toronto, Montreal and TSX Venture). They dont seem to cater for the Vanouver Stock Exchange though. This is where alot of junior gold/silver miners/explorers are listed.

cragga

[Chris]

Thanks Cragga...your a legend!!!

Chris

[limegreen]

quote:Originally posted by Fish Broker


quote:Originally posted by limegreen

Lihir Gold (LHG) on the ASX has had a pretty stunning run recently...


And IMHO it has got further to go .......

They had landslide problems last year and tragically lost (2?) employees and of course suffered production drops. Currently moving back on the back of the strong gold price and on resuming full production.

I think the chart is looking pretty good - any chartists like to comment?


I've mentioned this on the appropriate thread, but I found out after I'd bought that my "buy" signal was caused by said landslide. (It's a bit of a dodgy hack, but as I can't tune my RSI, I use bigcharts default period with a buy on recovery through 0. It works surprisingly well for a number of stocks). The big dip in the OBV is RIO's exit, but the rapid rebound suggests a reasonable state of health.

http://img.photobucket.com/albums/v361/limegreenz/lhg11jan06.gif

[boatie]

And another "sort of spec" goldie. Ballarat Goldfields (ASX BGF) over a number of years had acquired all the Ballarat gold field licences, historically a very major gold area. Price has doubled plus in last six months - Merril Lynch buying. And pouring gold now. Aussie has lots of gold producing areas and listed companies - and there will be spectacular discoveries with new technology. But where. Probably where past mineralisation was known. Under Ballarat ? WA ? Other ?

[paul29]

Hi Chris,
I use Forsyth Barr when trading on the canadian markets

WID has a investment in 3,000,000 zedex shares

Zedex has a holding in olympus pacific minerals (OYM)

Zedex has been offered a parcel of 19,123,000 shares in OYM from Ivanhoe mines this well increase there holding in OYM to approximately 37%

[croesus]

Wondering if Gold is going to be the next big thing for investors... aka the Dot Com Boom ... as the $ ounce moves inexorably...will more jump on the bandwagon... will a yet unknown political or financial crisis or even military crisis ( ie Iran ... Israel) cause a stampede... is now the time to load up on gold stocks ?????
I think so, and have been picking up the odd (in my estimation) bargain...

[cragga]

The HUI index on AMEX is also not a bad way to gain exposure to gold stocks. This is called Gold Bugs (Basket of Unhedged Gold Stocks) Index and tracks 20 or so of the top UNHEDGED gold stocks on AMEX. A little overpriced right now and possibly due for a bit of retrace. See http://www.zealllc.com/2005/huilev2.htm for some technical analysis of the HUI.

cragga

[trendy]

or you can buy an exchange traded fund (EFT) that holds gold directly. Look at IAU and GLD tradedon the NYSE. These funds now hold +300tons of gold in their vaults. Price is based on 1/10th ounce of the spot gold price so provides direct exposure to the commodity without having to hold the bullion itself.

c:/downloads/gld.bmp

[duncan macgregor]

TRENDY, reminds me of goldcorp in the eighties. When they opened the vault it was full of stuff all. I almost got caught lucky me i bought another house. macdunk

[trendy]

True-hopefully their is more oversight this time.

http://www.streettracksgoldshares.com/index.php?noMsg=true

2. Is the gold insured?
The Custodian, HSBC Bank USA, will maintain such insurance for its business, including its bullion and custody business, as it deems appropriate. The Trustee and the Sponsor, WGTS, may review this insurance coverage periodically and upon notice, subject to confidentiality restrictions. The Custodian is responsible for the safekeeping of the gold held on behalf of the Trust in accordance with the terms of the Allocated Bullion Account Agreement and is required to exercise reasonable care in the performance of its obligations. The Custodian is responsible for loss or damage suffered by the Trust as a direct result of any negligence, fraud, or willful default in the performance of its duties. The Custodian’s liability is only for the market value of the gold held in the Trust Allocated Account or Trust Unallocated Account, respectively, at the time such negligence, fraud or willful default is discovered by the Custodian, provided that the Custodian notifies the Trustee promptly of its discovery.

Top

3. Where is the gold held? Is it safe?
The gold that underlies Gold Shares is held in the form of allocated 400 oz. London Good Delivery Bars in the London vaults of HSBC Bank USA. The safekeeping methods are essentially no different from those that have operated without a problem in the London market for centuries. Those safeguards have stood the test of time for both individuals and institutions (including many governments) that store their gold in London vaults. We have tremendous confidence in the Custodian?s efforts to ensure the safety of the Trust?s gold bullion.

Top

4. What happens to the gold if there is a terrorist attack and it is stolen or damaged?
Though damage or loss as a result of such events is unlikely, should the gold be destroyed or damaged in a terrorist attack, the Custodian is not liable for any delay in performance or non-performance of any of its obligations under the Custody Agreements. See ?Force Majeure? section of the prospectus. Should the gold in the Trust Allocated Account or Trust Unallocated Account be stolen or damaged, the Custodian would only be liable for the market value of the gold held in the Trust Allocated Account or Trust Unallocated Account if it were determined that such loss or damage were the result of negligence, fraud or willful default. These are the legal considerations governing the operations of the Custodian. Actual experience in the aftermath of the terrorist attack that destroyed the World Trade Center in New York was that there was effectively no disruption to the operations of a custodian whose vault was unavailable for months, until it was eventually recovered undamaged. The Custodian was able to carry on more or less normal operations by using gold deposited at other locations, or by borrowing gold in the market, and did not have to default on a single transaction.

[duncan macgregor]

TRENDY, look it all up. Its only a fool that gets another man to store his gold. With gold corp they had all the safety precautions in place, which worth less than nothing when they went under. They had peoples life savings in their hands. I might have lost the price of a house. Anyone wishing to pay some one else to hold their gold is a complete fool. macdunk

[lambton]

quote:Originally posted by duncan macgregor

TRENDY, look it all up. Its only a fool that gets another man to store his gold. With gold corp they had all the safety precautions in place, which worth less than nothing when they went under. They had peoples life savings in their hands. I might have lost the price of a house. Anyone wishing to pay some one else to hold their gold is a complete fool. macdunk


Understand Smith and his Gold Corp ripped the masses off but cannot see the Perth Mint, WA falling over, can you Mac? Look at ZAUWBA listed ASX

[limegreen]

LHG hit a new all-time high yesterday...

[Chris]

Hi Paul, thanks for the heads up on OYM... turned into a nice little investment.

For all of you who havnt followed have a look at OYM on the toronto exchange.

Chris

[paul29]

Hi Chris,

Olympus Pacific Minerals now 51c :)

Olympus Pacific Minerals Inc. (TSXV: OYM, Frankfurt: OP6) is an international mining exploration and development company focused on the exceptional mineral potential of Vietnam and the surrounding area.

Olympus has positioned itself to make a major discovery in a region of the world known for multi-million ounce gold deposits with licenses and applications covering five deposits and advanced, large-scale targets.

Situated along Southeast Asia's two main geological structures known for being mineralized throughout their strike extent - the Red River and Phuoc Son Sutures - Olympus' exploration targets are contiguous to the region's major gold deposits.

The Phuoc Son Suture is home to Olympus' two advanced-stage properties, Phuoc Son and Bong Mieu, as well as Oxiana's 5.1 million oz. Sepon deposit. Already on track to the 1 million oz. mark, Olympus' Phuoc Son and Bong Mieu gold properties have seen considerable exploration and development.

The Khau Pum application shares the Red River corridor with deposits in the Yulong Belt as well as the Jinchang, Tong Chang deposits in southern China; and, in Vietnam, neighbouring companies such as: Asia Minerals, Tiberon, Triple Plate/Newmont and Zedex.

The Phuoc Son property covers 70 km2 and exploration is focused on the southern area where two deposits have already been discovered with an average grade of 13.5 g/t. These significant deposits' Reserve and Resource Tables can be viewed on Olympus' website www.olympuspacific.com. A scoping study has been completed on the initial discovery, Environmental Impact Assessment approved, and Mining License application submitted.

Olympus' other advanced-stage property, Bong Mieu, is also located on the Phuoc Son Suture and consists of three deposits where gold has already been defined. At Bong Mieu East, the recent IP anomalies indicated the potential for a significant increase in the size and grade of the discoveries in the area. At Bong Mieu Central, a pilot operation has begun and is expected to generate an average of US $350,000 per month, enough to fund the current exploration budget.

Further to the southeast along the Phuoc Son Suture lies the Phuoc Thanh area that is under application. This granitic intrusive complex extends over 4 km where three groups of 4 to 5 broadly parallel major veins have been mapped and have assayed up to 322 g/t over 1 metre.

A second, larger operation at Phuoc Son is expected to come on stream within eighteen months, subject to the timely receipt of authorizations and completion of logistical factors, and has a projected cash flow two times that of the pilot operation. Together, these two operations are expected to have a cash flow of some US$1 million per month.

Olympus' is stepping up its exploration program---a key element to increase the potential of the next major discovery and to Olympus' objective of producing upwards of 500,000 oz. of gold per year and providing value to its shareholders.



Top Companies in Precious Metals (Selected by Assets)
Barrick Gold Corp.
Placer Dome
Kinross Gold
Meridian Gold
Agnico-Eagle Mines
Goldcorp Inc.
Centerra Gold Inc.
Glamis Gold
Bema Gold

All listed on the toronto exchange.

[lambton]

Gold up overnight. Iran says its ready and willing to get roughed up by the Yanks. Still time to get on the PNA train.

[airedale]

OGD listed in NZ and AUS is having a very good run right now.

[moe]

Oceana has had a stunner of a run Airedale, on the back of the gold price. Up to 99c today on the NZX.

[Chris]

Paul... looks to me like Zedex are trying to do a takeover or build up the share price on OYM... what ever they are doing, they are doing it well!!

[paul29]

Chris..yes zedex has increased their share holdings in Olympus Pacific

2006-01-31 20:37 ET - News Release

Mr. Paul Seton of Zedex reports

Zedex Minerals Ltd. confirms that from April 19, 2004, to Jan. 31, 2006, zedex has acquired beneficial ownership of certain securities of Olympus Pacific Minerals Inc.

zedex now has a a very strategic position in Olympus Pacific

[Chris]

looks like zedex is chasing this one hard...

www.canadianinsider.com tells a very interesting story... a nice big 500k trade today too.

Chris

[Jess9]

Hi see, PNA and OXR are taking a big hit today - why? Has gold fallen from grace?

[mistymountains]

Also SMM too...dropped significantly in last two days...profit taking ? ?