Gold

[Aaron]

From a diversified portfolio perspective I already have too much invested in what is a speculation for me due to my ignorance of gold and gold mining but sorely tempted to double up and become a momentum investor in Australian gold producers. My understanding is that EVN, NCM and NST are the larger companies so I invested in them initially. I also have RMS which has done well of late but was sitting in a bottom draw for a long time.

Any recommendations for a scattergun approach to investing in Aussie gold miners. More of the same is my current thoughts (EVN, NCM & NST) but there may be other well established aussie companies with large reserves in safe political geographies.

[yabster]

Take a look at Gold Road - Mine in Aus, producing 300 ozs, split 50/50 with Goldfields- huge amount of ground and strong potential for more significant deposits. Seems the explorers are doing better than the producers - more risk though- with Gor you get both- disc been holding since 0.15 cents.

[Aaron]

Take a look at Gold Road - Mine in Aus, producing 300 ozs, split 50/50 with Goldfields- huge amount of ground and strong potential for more significant deposits. Seems the explorers are doing better than the producers - more risk though- with Gor you get both- disc been holding since 0.15 cents.

Thanks for that, I will check it out.

[Joshuatree]

Gold just gone under $1800 atm.

[airedale]

We didn,t panic when it dipped below 1700 a couple of weeks ago. Expect resistance, also the US dollar index was up today. Monthly chart still strong. Traders cautious going in to the weekend.

[ynot]

No confidence in currencies.
https://www.kitco.com/news/2020-07-1...urrencies.html

[Joshuatree]

$1840 oz and rising.My goldies really starting to hit their straps.

[Yoda]

$1840 oz and rising.My goldies really starting to hit their straps.

Which ones do you go with JT.
I have AMI. BGL SVL . Thinking about GOR (thanks yabser)

[JBmurc]

$1840 oz and rising.My goldies really starting to hit their straps.

Yes many of my Gold holdings look primed to breakout to much higher levels ..my highest value holding OBM is moving towards Gold production at a perfect time 1Q21
great to take up some Entitlement shares 23c with the SP closing 30.5c looking to make new highs mid 30's on the next decent ann..

[Skene]

Does anyone have an interest in CNB? As far as I can tell its extremely undervalued at 12c / $12m MC.

Less than 100,000,000 shares on offer, great tenants, production beginning in 4Q2020 and ~$25m imminent cashflow from tailings being processed. Cash backing alone this little gem is sitting at a substantial discount. Happy to keep acquiring at these prices but just can't figure out what I might be missing.