Thanks for the comments, Gindalbie.
My reasoning was based on:
. Likely 300m oz pa Au end next year
. That is level which attracts the big players
. All current expl finding commercial AU
. Two more islands indicating similar deposits
. SI is underexplored and will be producing soon
. My reading is that they have 7 million oz now
. Producing lots of cash so no need to borrow
or issue more shares
. Gold is on a long term uptrend as USA devalues
its currency and takes on more debt
. Could produce a dividend with ctrong cash position
. Stories out of Perth that a big fish is circling
Sure, shd be doing better in the market, but reratings can take time. Your further comments welcome as I have no
position yet.
Best wishes,
- Forums
- ASX - By Stock
- ALD
- goldfinger
goldfinger , page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)