jimbobGR
- 01 Dec 2005 08:36
Inflation fears mean gold miners could be profitable, my personally suggestion is Serabi Mining, already a producer and extremely active exploration in Brazil.
PARKIN
- 01 Dec 2005 11:17
- 2 of 11
Note the epic code is SRB if any one wishes to check the price
jimbobGR
- 01 Dec 2005 12:42
- 3 of 11
parkin, u following or do you own?
aldwickk
- 01 Dec 2005 12:48
- 4 of 11
He must be rich if he owns it, look also at KYS and CEY.
PARKIN
- 01 Dec 2005 14:55
- 5 of 11
No was just curios and looked for epic code
jimbobGR
- 01 Dec 2005 15:00
- 6 of 11
I wished I owned a few gold mines literal or otherwise
davidcornish
- 01 Dec 2005 15:21
- 7 of 11
Thought I had found another Ariana Mining thread. (AAU not AU). As dandu71 mentioned in September it is worth a look. Potential 10 bagger according to Shares magazine and yesterday's Exploration Update from the Company was encouraging. (ie:strong momentum, new licences,potential to host significant gold system etc etc)
stockbunny
- 01 Dec 2005 15:48
- 8 of 11
Gold miners have been gaining for some time as the gold price has escalated
some are expensive now as they mirror the high gold spot price - it's hit highs
recently not seen since the early 1980's
Point I'm making is don't buy too expensive, most of them rise and fall like
any other miner, if you go in when the gold price is close to $500 - the highest
recently - then you could be buying into a miner who's price already reflects
that fact - one wobble in the spot gold price and you could find the share
price going down as well.
By the way, I'm not anti-gold quite the opposite, I do follow the gold price
and invest in gold miners, so this isn't a de-ramping post, it's just trying to
say hey it's Christmas and it's easy to buy expensive
:>)
optomistic
- 01 Dec 2005 16:14
- 9 of 11
.
davidcornish
- 02 Dec 2005 09:21
- 10 of 11
Dear stockbunny - agree with your thinking - any thoughts on Minmet?
stockbunny
- 02 Dec 2005 10:02
- 11 of 11
Minmet is not one I know a great deal about but have looked it up quickly.
Listed on the Irish exchange but also listed here now presumably or due to
list on AIM. Interests - exploration and activity - is very widely spread (Sweden to Texas to Brazil) as are the core focuses, it's not just gold mining but also oil and gas. Personally it's not my kind of mining company - highs back in 2000/2001
of around 40p now back to levels of late 90's sub 5p - a value that makes me
very very nervous I have to say.
Gut reaction - oil and gold as we know are sky high pricewise, yet the company
is not showing a high share price - I'd want to look at why frankly.
Such a geographical/focus spread...ok not unknown in this field but it seems a lot for a relatively small player against the big diverse mining houses.
Bottom line - go with your instincts and research it, just because it doesn't
appeal to me doesn't mean it's not a good solid company with a good future.
Good luck! :>)