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A glimpse of how some are doing YoY. Some will have had larger/smaller divi's etc so need to bear that in mind.
In the green
1. Southern Copper UP 20%!!
2. Grupo Mexico UP 12%
3. FMG UP 4.5%
Neutral
1. Rio (relatively unchanged at 0.5% down)
In the red
1. Newmont DOWN 21%!!
2. Vale DOWN 18%
3. Barrick Gold DOWN 14.6%
4. BHP DOWN 8.6%
5. Freeport DOWN 2%
A few others out there but hats off to FMG.
Some metals in higher demand etc so will skew performance but then that's what's it is all about... getting the right mix and balance to suit the demand. At the right cost. Some will have projects in advanced status and others will be scratching around. I think Barrick are certainly scratching around if they are looking at P.akistan.
It's undoubtedly been a tough year for many as rising costs have eaten away at profits, leaving investors sitting on the sidelines waiting for basket prices to find some strength.
SolGold in comparison should be building from here. It won't be long before it's AGM season and providing Scott and Co edge through then it's on to the revised mine plan which ought to breathe fresh life into the story. If the company can demonstrate an ability to push on (even if this means some faux willingness comes with it) then I suspect someone will take the bait.
Thanks for pointing out fmg fort.
been paying me a handsome divi for many years.
never had a bad word to say about them.
did I tell you I bought at $2 think they closed today at about $21.
dont want to sound like some of the dreamers on here,, but ive got 40,000 of the little rippers.
and I genuinely did have a mate on the inside years ago who gave me the nod.
twiggy, no geologist, but shrewd.
Mather geologist and clueless
also got my finger in the pie off one or two other exploration companies,
also on the brink of something huge, and haven't taken 10 years to do it
hence, I can live out my twilight years very comfortably. solg is just a bit of fun for me.
unlike some I won't hit the bread line if it goes to rat sh&&t
Costs tend to rise faster in more developed regions so Oz ops likely to feel the pinch more than South American ops. Frightening to think that many have AISC's well over $1200oz (gold producers) and yet it wasn't that long ago PoG was averaging closer to $1100oz and AISC's were nearer averages of $600oz. Oil producers the same. Many seemed suddenly capable of dealing with Oil prices in the $30's and making neutral to minor losses. Yet oil hits $100pb and suddenly costs mysteriously rise. There's no doubt about it... alot of money has gone into shareholder pockets over the last 3 years. Star performer on the commods is Orange Juice. Up 95% yoy. The irony is, GAS prices are down 66% yoy yet you wouldn't know it looking at the Electricity prices today. The wholesale prices seem to take an eternity before they hit home with the consumer and by the time they do, every middle man along the way has taken his cut. If they can manage Gold Spot prices, then surely they can manage gas spot prices and the electricity companies can stomach the fluctuations with usual hedges. No reason why electricity prices should be as high as they are now. Apart from making sure the likes of EDF / EoN maintain their profits.
Apparently we all need to have more pylons because they can't line the shareholders pockets if they have to bury the cables! Sad world we live in on a corporate basis. Greed and profits all the way.
Must be almost time for Richard Head to go to sleep ..
Look into my eyes, ignore the pocket watch that is swinging before you. Look deep into my eyes! You are feeling sleepy! When I count to three you will fall asleep. 123... When I click my fingers you will wake up and buy SOLG at 10.5p per share.... Click!
Bbg, the man of many residences
What I love bbg, is all the while your making up stories in your fantasy world about where you live.
I'm actually living the dream, where you dream of living.
So dream on my friend, and don't have nightmares about losing the $100 you invested in solg.
Sean hunter. Certainly not a shrewd invester.
Im merely replying to eloro, who appears to think I only hold solg.
I've said on here before.
I only invest in exploration companies, I've also said on many occasions I've made modest and good profits on my investments, but I've also lost small fortunes.
Like a compulsive gambler. I try to only remember my winners.
On another point, the prize for the funniest post of the week goes to Bbg, calling people liars.
Bloody hilarious