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  1. #1
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    Default Gold Rush - why am I missing out?!

    Isn't it great to see Gold at US $640 an ounce.

    I piled all my money into gold shares when the price was US $550. I must be swimming in profits right? Wrong.

    Purchased MOE, ELM, TGS and GDR and they all haven't moved since gold has made it's run over the last month. Yet shares such as BSG, LHG are increasing as the gold price rises.

    Why I am not being rewarded for taking the plunge and doing all my research that gold was the commodity to be in and yet I actually lose money out of it.

    Lucky gold didn't go down - I'd be broke by now.

    Just one day I wish some good fortune would shine on me - just once would be nice.

    Right, back to spagetti on toast tonite[V]

  2. #2
    Member whiteheron's Avatar
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    Just remember that the sharemarket is a place where wealth is transferred from the impatient to the patient ( that is , so long as your research has been done )

    Many a time I have sold too early , only to find that shortly thereafter there has been a significant price rise for the shares in thecompany sold

    Sometimes you just have to sit and watch the grass grow for a while
    Time is the great revealer

  3. #3
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    Bronson, how much gold do those companies have & how long before its extracted, what are the costs of extraction? Do they have finance to further the projects? You need to look into them a little more, remember every bull run leads to newcomers into the sector & its the proven miners who profit & are selling it when the prices are high. Many junior miners miss the boat or get swallowed up when they do not have the financial sources to compete.

    Like what whiteheron said, a mining company takes time to realise its potential, especially if new, and there is infrastructure to be built etc.

  4. #4
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    hi for what its worth,gold com on my watchlist are cto.mrs.bmo.maybe heg.this is not advise cheers pago.

  5. #5
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    quote:Originally posted by pago

    hi for what its worth,gold com on my watchlist are cto.mrs.bmo.maybe heg.this is not advise cheers pago.
    Please don't rub salt into the wound

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    quote:Originally posted by shasta

    Bronson, how much gold do those companies have & how long before its extracted,
    Well Moto Goldmines (MOE) has a resource estimate of 16 million o/z - probably 20 million by June/July and could be one the the great gold stories worldwide.

    Only problems are that it is in the Congo and is currently in negotiations dispute with the Govt (see MOE thread)

    If things work out for it they will be talking about this company for years to come.

  7. #7
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    bronson,sell and buy another share if your not happy,im holding sbm as a fairly safe gold share,but im not saying sbm is the best buy,cheers pago.

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    quote:Originally posted by pago

    bronson,sell and buy another share if your not happy,im holding sbm as a fairly safe gold share,but im not saying sbm is the best buy,cheers pago.
    No worries pago - I'll hang on. Patience and Perseverence shall be the key

  9. #9
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    Patience and perseverence is the key when your holding good solid companies. Unfortunately companies with operations in the congo do not fall into that catagory.An iron mining company with Fe grades of less than 60% does not fall into that catagory either. I bought most of my mining shares in 2003. While there were a lot more bargains around in those days, there's still the odd one to be found today - you just have to look a bit harder.
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    He who lives by the crystal ball soon learns to eat ground glass. (Edgar Fiedler)

  10. #10
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    Point taken Mick. The Eckhof related companies are a risk and people need to be aware of that. Risk and reward is never a truer statement especially for those in the Congo.

  11. #11
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    quote:Originally posted by whiteheron

    Just remember that the sharemarket is a place where wealth is transferred from the impatient to the patient ( that is , so long as your research has been done )

    Many a time I have sold too early , only to find that shortly thereafter there has been a significant price rise for the shares in thecompany sold

    Sometimes you just have to sit and watch the grass grow for a while
    If you have done your research then just sit and be patient. I have learnt my lesson in patience. There is not a single commodity related stock which i have owned and sold within the last couple of years which is not now trading well above my sale price. I had IGO and LHG early on but let them go after becoming bored with sp inactivity. It pains me to look at their prices now and think what might have been. If your research is on the mark then it's just a waiting game..
    The more I learn, the more I realise I don\'t know!!

  12. #12
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    Thanks guys

    Appreciate the feedback.

    Cheers

  13. #13
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    Lets hope you outperform today Bronson, Moto are up strongly on the TSX ... the rest is gonna be pretty nasty though I think.

    Disc: Approx $200k in gold,silver & PGM stocks, gonna turn the computer off today !!!
    nelehdine

  14. #14
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    quote:Originally posted by bronson

    Isn't it great to see Gold at US $640 an ounce.

    I piled all my money into gold shares when the price was US $550. I must be swimming in profits right? Wrong.
    I am experiencing the same with OGD which to me is a very safe gold stock at the prduction stage with large reserves. Yet the price has gone up little. I regard it as cheap at currrent proces. I suspect that sentiment plays a large part and some stocks do not get noticed. This one is interesting because it is always cheaper on the Aus market than the NZ one. Sentiment again?
    Empty kookaburras make the most sound.
    Lessons from a snake-eater

  15. #15
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    quote:Originally posted by nelehdine

    Lets hope you outperform today Bronson, Moto are up strongly on the TSX ... the rest is gonna be pretty nasty though I think.

    Disc: Approx $200k in gold,silver & PGM stocks, gonna turn the computer off today !!!
    Interesting. Why do you think it is going to be nasty? To me this bull run has a way to go yet. No hot tips from the bellhop yet.
    Empty kookaburras make the most sound.
    Lessons from a snake-eater

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