Yes, you are correct I think, to be corrected.Kennas, a question about your spreadsheet if I may.
In the EV column you have teh formula as EV = MC - Cash
Shouldn't this be: EV = MC + Debt - Cash
In saying that it's a really useful tool - thanks for giving it to us!
Not that I can recall. Probably because there’s so few silver majors in Australia. Like, none.well if there are several currency collapses ( and that is possible ) that might be very timely and educational
also i have been unsuccessful finding an attractive silver producer , did ASF ever have a thread on that ( similar to this gold thread )
cheers
We are at an interesting time especially for those interested in gold shares but not holding any at present. Aussie gold shares are doing better than US gold shares, in AUD terms, due to the widening of currencies at USD1 equals 1.42 AUDs. Many forget Canadian shares as USD1 equals 1.24 CADs.I'm digging back through my old threads of interest and found this gold stock comparison one. I'm also trying to dig up the old hard drive that might have held the spreadsheet that I had been attaching to this, but I think I might have left it in the sand box a few years ago.
I think it's time to resurrect it, even from scratch.
Stay tuned.
i am holding several gold producers , but am willing to cherry-pick and nibble more ( NOT back up the truck , though )We are at an interesting time especially for those interested in gold shares but not holding any at present. Aussie gold shares are doing better than US gold shares, in AUD terms, due to the widening of currencies at USD1 equals 1.42 AUDs. Many forget Canadian shares as USD1 equals 1.24 CADs.
Some gold shares are paying high dividends as their share price is crushed despite the gold price standing at USD1,780 approx.
Newmont with a market cap of USD45 billion at a share price of USD56 pays 3.92%. DRD Gold a market cap of USD738 million at USD8.58 pays 5.9%.
Newmont (NYSE:NEM) - Stock Price, News & Analysis - Simply Wall St
Should you invest in Newmont (NYSE:NEM)? Excellent balance sheet with moderate growth potential.simplywall.st DRDGOLD (NYSE:DRD) - Stock Price, News & Analysis - Simply Wall St
Research DRDGOLD's (NYSE:DRD) stock price, latest news & stock analysis. Find everything from its Valuation, Future Growth, Past Performance and more.simplywall.st
i am holding several gold producers , but am willing to cherry-pick and nibble more ( NOT back up the truck , though )
IF there is a major meltdown ( some of the 'everything bubble ' pops ) i am thinking the GFC reaction is like possible ( all assets run to cash , primarily to ease debt obligations ) so for those already low-debt and have cash reserves some opportunities will arrive
so i hope there will be a small window to add some good gold stocks cheaper , and if i miss that window start looking at discounted quality companies ( both stocks and debt instruments ) and LICs ( because REITs should be chaos and take longer to clarify their situation )
but heck i am just GUESSING , maybe your plan is better ( especially for your situation )
BTW don't forget geopolitical risk , some governments aren't as stable as they were in the past ( that could be a NASTY issue )
Just an observation of this thread.All my weekend research leads me to the conclusion the outlook for equities in the next 6 - 12 months is tenuous at best.
I feel a lot more comfortable looking at the price of gold graphs which are far more bullish.
I will still be looking for buying ops on certain picks but atm I'm cashed out of the market with the exception of PRU.
Plenty more upside here as they move into production with the POG rising.
Their drilling program out there in elephant country is paying dividends as well. They seem to be looking in the right part of the world for gold.
And sadly but practically it is better to be invested in an offshore miner so as to circumvent Mr Swan's tax grab.
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