GOLD

[winner69]

For what it's worth, a recent presentation by Norseman Gold (NGX) stated that in a comparison of thirteen companies, which obviously excluded the "big three" of Newmont, Newcrest and Lihir, the only Aussie goldies to make positive EBIT in the half year to 31 December 08 were Norseman and Dominion. SLR, RMS, TAM and CTO came close to breakeven.

AGG also not included in their comparison, it appears.

Hard to believe that so i went back to the list of gold shres from the AFR download and you are so right .... over 300 companies listed and these are the only ones shown with earnings

• Security Description ASX Code Last Sale Earn Share ¢ P/E Ratio
• Newcrest Min NCM $30.16 67.1 44.9
• Cape Lambert Iron CFE $0.33 37.5 0.9
• Dominion Min DOM $4.04 31.5 12.8
• Kingsrose Min Ltd KRM $0.44 27.9 1.6
• Newmont Min NEM $4.90 27.1 18.1
• Croesus Min NL CRS $0.02 21.7 0.1
• Giralia Res NL GIR $0.60 17.7 3.4
• Tribune Res NL TBR $0.80 17.5 4.6
• Austral Gold AGD $0.08 9.8 0.8
• Lihir Gold Ltd LGL $2.88 7.7 37.6
• Bass Metals Ltd BSM $0.20 6.6 3
• North Queensland NQM $0.26 6.6 3.9
• Rand Min NL RND $0.33 5.4 6.1
• Adelaide Res ADN $0.10 4.5 2.2
• Sylvania Res SLV $1.47 3.9 37.3
• Hillgrove Res Ltd HGO $0.25 3.5 7
• Greenland Min En GGG $0.37 3.0 12.2
• Gullewa Ltd GUL $0.05 2.5 2
• Resolute Min RSG $0.54 2.5 21.7
• Prime Min PIM $0.06 1.8 3.4
• Carrick Gold Ltd CRK $0.64 1.7 37.6
• Havilah Res NL HAV $0.46 1.2 38.7
• Argonaut Res ARE $0.05 1.2 4.7
• Augustus Min AUJ $0.13 0.8 17.1
• Troy Res NL TRY $1.24 0.7 177.1
• Imperial Corp Ltd IMP $0.01 0.3 2.5
• Global Gold Hld GGH $0.04 0.1 40

[macduffy]

Yes, winner, it's a rather sobering list, isn't it?

And I'm not so sure about the AFR's definition of gold stocks.
Cape Lambert Iron?
Croesus? Last I heard they were out of gold and looking at some nickel prospect somewhere. Last SP 1.8c.
GGH? A gold trading company but not a miner to my knowledge. SP hasn't moved from 4c since last November and rarely trades.

I guess it just goes to emphasise the risks in dabbling at this end of the market. I still have a few shares in Matsa Resources, formerly Kalgoorlie-Boulder Resources to remind me of this and hopefully keep my feet on the ground.

Cheers

[Phaedrus]

Of that list of 27, only about 7 are in an uptrend.
Of those, only 3 are showing any real technical strength.
KRM, SLV, HGO.