Looks like HMX is catching up to RXL's SP.
Slowly slowly, it's been a good week for both good companies.
A shame I don't have enough cash...
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Looks like HMX is catching up to RXL's SP.
Slowly slowly, it's been a good week for both good companies.
A shame I don't have enough cash...
Was in Volt for heh graphite (been a long road) but they are turning into a Gold play 851,000 ozs estimate MC $38m - is in Africa but one to watch.
I'm assuming you also got the promotional email in your junk inbox for VRC?
Just reading some of the comments on HC, some are trying to compare this to RXL in some ways?
Similar shares on issue.
Similar Au reserves.
Would VRC have both the graphite mine in Tanzania and gold mine in Zambia in play?
no was in Volt for the graphite- they are trying to raise $40m to get stage1 under way- so yeah graphite is still in play.
Just moving a conversation with JBMurc to this thread.
Will put all in RXL today. I assume my investment is so small I am unlikely to move the price.
Very good think you will be a happy holder come Xmas ...
From RXL Qty-
Grace Prospect – Geological Interpretation
Grace is interpreted to comprise a series of north-plunging, high grade, stacked-lodes within the
Youanmi granite. Grace is located adjacent to the historically-mined Youanmi shear zone hosted
deposits located within the adjacent greenstone sequences. The Grace Prospect exhibits a ladder vein
array geometry – a feature of other granite-hosted gold deposits of the Yilgarn Craton such as Granny
Smith and King of the Hills. This style of mineralisation was not recognised at Youanmi by previous
explorers.
IMHO what RXL has uncovered in WA Aus is one of the most exciting new discoveries last few months in Aus .... could well be many MOz and if so will run like DEG
First thing I read after buying RXL seems reasonable. We are expecting a recession or depression this will cause deflation which will be bad for gold but I guess the playbook requires money printing so maybe currency debasement is stronger than lower demand. I don't know, we have had pretty massive inflation but it has been in asset prices not in the CPI. The article has helped to cool my ardour for gold. But as nothing is certain will hang in for the long haul.
Reassuring having RXL pass your scrutiny JBM. Ive held rox since 17c and have averaged down and now up 50%+. Good to be in the green on this but others have a sub-2c average. This stock has a big future and it looks better every year. Go rox
Hi JB (& others), I've been spending most of my time on Hot Copper but do check this and silver thread from time to time and appreciate the insights. Eerily quiet here, not many kiwi investors seeing the rather obvious precious metals move and an environment seemingly getting better and better.
Anyway, I apologize if it has been covered but I was wondering if you guys had any advice regarding the best way to meet tax obligations when selling ASX stocks and being NZ based? I'm not an active trader but I have trimmed a few positions and has a few mind changes etc...
Also, not sure if it's on your radar but Tesoro Resources (TSO) has been very good to me and still looks to have a lot of upside.
Cheers
Check to see if your shares are exempt from the foreign investment fund (FIF) rules and if they are exempt from FIF rules then income needs to be returned the same as for NZ shares. Most Aussie companies are exempt I think. RXL is I just looked.
https://www.ird.govt.nz/tasks/check-...ent-fund-rules
Then work out if you are a long term investor or a trader. Don't ask me how but I imagine you will want to be an investor for now and a trader next week if everything goes tits up and you are sitting on losses.
Good to see HMX kicking on of late sadly I sold my opts 1.7c thinking I'd get the Heads cheaper from holders freeing up cash to pay for opts #1 dumb move..#2 after selling a small part of my OBM holding I did think about buying HMX but instead trader brain injeted and purchased PLS which I'm currently have for sale for a small $300 profit... not sure where the funds will go yet ...maybe more MAGOA ...no new from HMX yet they just keep running might well be sell on the news type run...
I picked up some more AMG today.
It is very speculative, but decided I am comfortable if I lose everything on AMG but would kick myself if they end up a 10 bagger and I did not pick up more.
My gut feeling is that the new management team are on the right path. Hopefully I am right.
I'm happy with my HMX holding.
Other than the price of gold there's nothing newsworthy from them lately to justify the SP increase you think?
That small land acquisition that they got just north of Orelia, I wonder if they spotted something there.
Otherwise their QLD/Mt Isa tenements have flown under the radar.
Another stock I'm watching is AUT - Auteco resources.
SP skyrocketed a few weeks back after the news of the $30million underwrite.
I'm in AMG too, chippie. In last week at 3.4 for 3k....may pick up some more as I didn't realise mgmt was new. Heard they had several mines.