GOLD

[JBmurc]

From the AFR tables under Metals and Mining GOLD these are the only ones lsited as paid a dividend recently

Linq Res Fund unt LRF
Dominion Min DOM
Newcrest Min NCM
OZ Min OZL
Newmont Min cdi 10:1 NEM
Anglogold Ashanti cdi 5:1 AGG
Troy Res NL TRY
North Queensland NQM
Global Gold Hld GGH


..... and thats out of 300 odd stocks listed

...... and not many are anywhere new 52 week highs

--TRY is my favourite out of that list huge % growth potential have brought pently of late GOLD SILVER play undervalued jnr

[macduffy]

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.

[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.

[winner69]

That Kingrose KLM looks interesting

From 10 cents in 44 cents in a few months and nobody made any mention of it here on Sharetrader

Might have missed the boat but will have a look at anyway

[macduffy]

That Kingrose KLM looks interesting

From 10 cents in 44 cents in a few months and nobody made any mention of it here on Sharetrader

Might have missed the boat but will have a look at anyway

You almost put me off the scent there, winner.

Kingrose KRM

Either someone is very confident about this one or it's being heavily ramped!

Icon Enterprises, associated with director J W Phillips, holds 19.74%. Does anyone know anything about his or the other principals background? ( Other than the official version in the AR )

[JBmurc]

Commodity exchanges can dump gold debts on ETFs

Submitted by cpowell on Sat, 2009-07-11
Section: Daily Dispatches

Dear Friend of GATA and Gold:

GATA board member Adrian Douglas discloses in the report below, titled "The Alchemists," that the New York and Tokyo commodity exchanges have been permitting their gold futures contracts to be settled not in real metal but in shares of gold exchange-traded funds (ETFs). This essentially allows the gold shorts (and the exchanges themselves, which guarantee futures contracts) to transfer their obligations to third parties that may not have the metal they claim to have and that, in any case, are operated by the investment banks running major short positions in gold.

Thus it is likely that the paper claims to the world's supply of gold are greater than even GATA has suspected -- that the gold supply is even more oversubscribed and that "paper gold" is being created at an ever more frantic rate to suppress gold's price.

The ability to offload futures contract gold obligations to the ETFs could become the principal mechanism of the gold price suppression scheme. GATA asks its supporters to call Douglas' report to the attention of financial journalists, market regulators, and elected officials everywhere.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

[winner69]

TGX tasman Gold went uo 130% today and still finished well below its intraday highs

[JBmurc]

U.S. Mint gold, silver coin sales 'temporarily suspended' - again
Sales and suspension of gold and silver coin or bullion coin sales by the U.S. Mint are becoming a regular part of doing business as overloaded refiners and mint facilities struggle to meet continuing high demand.

Author: Dorothy Kosich
Posted: Tuesday , 14 Jul 2009

RENO, NV -

Unprecedented demand, a shortage of blanks, and restrictive policies and regulations continue to exacerbate what is almost becoming a chronic shortage of gold and silver coins authorized by the U.S. Mint.

The U.S. Mint has again "temporarily" suspended sales of almost all of its gold uncirculated and proof coins, along with nearly all of silver uncirculated coins because of the limited availability of blanks.

The mint no longer offers for sale the American Buffalo Gold Proof fractional coins and four coin sets are no longer available. Meanwhile the mint will no longer offer American Buffalo Gold Uncirculated Coins.

The 2009 American Buffalo One-ounce Gold Proof Coin is scheduled to go on sale in the second half of the 2009 calendar year after an acceptable inventory of 24-karat gold blanks can be acquired.

The U.S. Mint Online Product Catalog says production of the American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended due to the "unprecedented demand" for American Eagle Bullion Coins for which all available 22-K gold blanks are being allocated.

In the catalog, the government says it will resume the American Eagle Gold Proof and Uncirculated Coin Programs "once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products."

Congressionally authorized American Eagle Bullion coins are aimed at providing investors an effective way to invest in precious metals. Prices may change on a daily basis as the platinum, gold and silver markets may fluctuate. The mint does not sell the bullion coins directly to the public, but distributes them in bulk through a network of official distributors, who meet government financial and professional criteria, which must be attested to by an internationally accepted accounting firm.

So far this year, the mint has sold 700,000 ounces or 700,000 gold bullion coins, compared to last year's total sales of 860,500 ounces of gold or 1,172,000 bullion coins.

Federal laws and regulations say the gold must be newly mined in the United States. Only a handful of refineries meet the standards and regulations to produce the blanks for the coins.

Meanwhile, silver producers have found themselves equally frustrated by the inability of the U.S. Mint to meet the demand for silver coins. Production of the American Eagle Silver Proof and Uncirculated Coins has also been temporarily suspended because of unprecedented demand for the American Eagle Silver Bullion Coins.

The product catalog states, "Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins ‘in quantities sufficient to meet public demand.'"

Thus far this year, silver bullion coin sales total 14,899,500 compared to last year's total sales of 19,583,500.

While gold and silver producers have repeatedly gone to government officials to get them to authorize an increase in the number of refineries which can produce the blanks and the facilities that can mint the coins, industry sources say they feel they have been stonewalled by mint officials who refuse to budge.

Among the U.S. manufacturers of blanks is Sunshine Minting in Coeur d'Alene, Idaho, and Stern-Leach of Attleboro, Massachusetts. Nearly all U.S. Mint gold coins at manufactured at West Point, New York at a remote site on military academy grounds.

U.S. Mint spokesman Michael White told Mineweb refiners are running 24-hours a day, seven days a week trying to meet demand for blanks.