Member Info for EliasJones

Good to see Empire Metals also picked by DocHoliday today within his top 5 picks for the biggest gains in 2021.

Looking forward to the review, possibly this end of this week, Presentation and Q&A on the 28th, I am sure they will want a positive update and year programme to share.

The key here is the very low cost base Anglo operate on, at today gold price of $1853 oz, there is a substantial margin in play here.

John Lewis of Hungerford is undervalued at £900k, the trading update in December was really good and to grow business and orders during covid is impressive.
Despatched sales and forward orders is £5.9m, which is 25% ahead of the corresponding period in the prior year.

They have moved to sell and design online during covid and the overall design quotation activity within the business is substantially up on the previous year which reflects sustained consumer interest in home improvements.

?Anglo Asian Mining Q4 & FY Production and operations review should be out looking at historical dates around the 15th January.

Gold now $1,957 and up over $59 per oz in the first two trading days of 2021.

Will we see gold going over $2000 in January?

All good for Anglo Asian Mining.

Bill Morgan from AAZ is presenting and will be a Q&A after.

I have booked to attend (link below) as I did last time, both he and Stephen discussed the Irish JV and will I sure do again hopefully signed and ready to hit the ground.

Link here if interested:

https://www.proactiveinvestors.co.uk/register/event_details/314

?I have booked to attend the Proactive One2One Investor Forum - Thursday 28th January 2021 ?

?Bill Morgan from AAZ is presenting, should be a Q4 company update out in 2 weeks before this.
?https://www.proactiveinvestors.co.uk/register/event_details/314?

Here is the opening piece to the Conroy Gold stock pick.

Like many investors I fancy Gold to have a good 2021 and hit new highs. Although gold didn’t quite break $1,900 on the last trading day of the year, falling short by a whisker it has been edging higher and has been correcting and consolidating nicely since early August. With the economic uncertainty and substantial public funding requirements and fiscal stimulus being needed both in the US and Europe, I see Gold winding up to set new all-time high record prices in 2021. Seeing Warren Buffett supporting gold in the second quarter of 2020 was also quite significant, where Berkshire Hathaway took a stake in Barrick Gold, a leading gold mining company.

There are many gold related stocks or funds which are appealing, however I have picked 3 which I believe will result from their current share price in a good capital gain being made during 2021. These three are my picks and here is the rationale behind my investment decisions.

Like many investors I fancy Gold to have a good 2021 and hit new highs. Although gold didn’t quite break $1,900 on the last trading day of the year, falling short by a whisker it has been edging higher and has been correcting and consolidating nicely since early August. With the economic uncertainty and substantial public funding requirements and fiscal stimulus being needed both in the US and Europe, I see Gold winding up to set new all-time high record prices in 2021. Seeing Warren Buffett supporting gold in the second quarter of 2020 was also quite significant, where Berkshire Hathaway took a stake in Barrick Gold, a leading gold mining company.

There are many gold related stocks or funds which are appealing, however I have picked 3 which I believe will result from their current share price in a good capital gain being made during 2021. These three are my picks and here is the rationale behind my investment decisions.

Like many investors I fancy Gold to have a good 2021 and hit new highs. Although gold didn’t quite break $1,900 on the last trading day of the year, falling short by a whisker it has been edging higher and has been correcting and consolidating nicely since early August. With the economic uncertainty and substantial public funding requirements and fiscal stimulus being needed both in the US and Europe, I see Gold winding up to set new all-time high record prices in 2021. Seeing Warren Buffett supporting gold in the second quarter of 2020 was also quite significant, where Berkshire Hathaway took a stake in Barrick Gold, a leading gold mining company.

There are many gold related stocks or funds which are appealing, however I have picked 3 which I believe will result from their current share price in a good capital gain being made during 2021. These three are my picks and here is the rationale behind my investment decisions.

Empire Metals
Ticker (LON: EEE)
Shares: 315m
Share Price: 3.8p
Market Cap: £12m

Empire Metals is on the verge of a very exciting period having now received approval from the Australian Foreign Investment Review Board to proceed with the acquisition of the ‘Eclipse Gold Project’ located 55km north-east of Kalgoorlie, one of the most famous addresses in gold mining. The final condition precedent is Ministerial Consent which is expected to be received shortly.

The grades reported so far indicate the potential for significant high-grade gold resource development at the Eclipse Gold Project. With the acquisition complete this will be the main focus for the company and “towards developing a standalone gold mine at Eclipse”, the grades so far indicate this could be quite special and the reason I believe there could be a good capital gain on my investment from this level. Also to keep an eye out for here is a potential cash boost which could come from the sale of the Georgian asset.

Mike Struthers, CEO, said, “With Eclipse, we are operating in what is generally considered the highest ranked mining jurisdiction globally and are developing this project in a region which already hosts numerous world-class gold mines and development assets. I am enthusiastic about our opportunity to develop a new standalone gold mine at Eclipse and I look forward to providing further updates as we continue to interpret the data."

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

Anglo Asian Mining
Ticker (LON: AAZ)
Shares: 114m
Share Price: 131p
Market Cap: £150m

Anglo Asian Mining is a dividend paying, low cost producer of gold, copper and silver. Anglo Asian Mining has come through a turbulent 2020 with its revenue set to top $100m and two dividends paid to investors including a 29% increase in the interim dividend. For me next year, this company can not only increase its dividend payments with a special dividend hinted at in Q1, but the potential for a good capital gain is also there.

I see this coming in 2021 from increased production, Irish JV news flow, new licences in Azerbaijan with a hint previously given that negotiations with the Government are underway to secure a new concession which would cover the 50 kilometres which is between the Gosha and Gedabek. This would be a substantial development if agreed and confirmed. Also, not factored in at all into the share price and may well at some stage next year is the PSA within the Zangilan district, a mineral-rich district in the south west of Azerbaijan. The contract area covers approximately 300 square kilometres and contains the Vejnaly deposit which, according to the Soviet Classification, contains 6.5 tonnes of gold (C1 + C2) and 2.3 tonnes of gold (P1).

I see substantial value being added here in 2021, debt free, low cost production and high cash generating miner with potential additional un-factored upside which might also add strength.

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

(AAZ interest via CGNR)

Conroy Gold and Natural Resources
Ticker (LON: CGNR)
Shares: 32m
Share Price: 42p
Market Cap: £13.5m

Conroy Gold is a wild card that for me could well be the surprise package of 2021. Once the JV agreement with Anglo Asian Mining is completed this will immediately kick off a high impact work programme, Anglo Asian Mining have exercised their warrants and are now on the share register following the HoT.

The Joint Venture’s goal is the development of a gold mine and further exploration and development of a series of gold targets along the 40 mile district scale gold trend that Conroy Gold has discovered in the Longford-Down Massif in Ireland, the work programme is fully funded by Anglo to earn their share. Conroy indicate potential signs of similarities to Fosterville, if results of the exploration support this further then this could be a special situation.

Conroy have a JORC estimated resource of 320,000 Oz Au Indicated, 197,000 Oz Au Inferred (517,000 Oz Au) at an overall grade of 2 g/t Au which has been established on a fraction of one of the gold target areas, Clontibret. The JV includes include Clontibret and Glenish in County Monaghan, Clay Lake in County Armagh and Slieve Glah in County Cavan.

There’ll be an initial 18 month exploration phase during which infill and resource drilling will be undertaken under a tight schedule, the potential here is substantial with upwards of 8m oz of gold being banded.

You only have to look at Greatland Gold (LON:GGP) who sit on a market cap of £1.5billion to see what could happen in this space. Conroy Gold with its very experienced and credible partner could well be a surprise package this year with a high impact programme and a low share issue, hence why this is a potential special situation in my opinion.

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

Empire Metals (LON: EEE)

Anglo Asian Mining (LON: AAZ)

Conroy Gold and Natural Resources (LON: CGNR)

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

3 Gold Stocks to Watch in 2021

Empire Metals (LON: EEE)

Anglo Asian Mining (LON: AAZ)

Conroy Gold and Natural Resources (LON: CGNR)

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

3 Gold Stocks to Watch in 2021

Empire Metals (LON: EEE)

Anglo Asian Mining (LON: AAZ)

Conroy Gold and Natural Resources (LON: CGNR)

https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/

I think one of the hottest for 2021 will be Conroy

The biggest gains can come at the exploration and proving up resource stage. It doesn't get much bigger, a potential target of 8.8m oz for the JV with AAZ, intense programme and all focused towards first production. Only 32m shares here and a big chunk tightly held.

Gold is edging towards being back in the $1900 and has been correcting and consolidating nicely since early August.

Gold is winding up to set new all-time high record prices in 2021

Expecting a big year for Conroy Gold

Gold is edging towards being back in the $1900 and has been correcting and consolidating nicely since early August.

Gold is winding up to set new all-time high record prices in 2021

Expecting a big year for Anglo Asian Mining