Member Info for TimberTrader

“The macro environment continues to evolve favourably for gold with the dollar index weakening to two-year lows and negative real yields falling further,” Standard Chartered analyst Suki Cooper said.

“Expectations of further stimulus and heightening geopolitical tensions continue to bolster safe-haven demand.”

Australian gold producers have basked in seven to nine year price highs, achieving record sales and averaging realised prices upwards of $2000.

Northern Star Resources sold its gold at an average price of $2487 per ounce during the 2020 financial year compared with $2027 per ounce in September last year.

Newcrest Mining also took advantage of gold’s high prices, with its average realised gold price for the 2020 financial year sitting at $US1530, surging upwards from $1269 in 2019.

https://www.australianmining.com.au/news/gold-prices-approach-us1900-per-ounce/

Analysts at UBS have retained their buy rating and lifted the price target on this gold miner’s shares to $38.40 following its quarterly update. According to the note, Newcrest’s production for the June quarter came in ahead of its expectations and its costs were in line with its estimates. The broker also notes that drilling results at Haverion have been positive and the probability of the site being mined has increased. UBS doesn’t believe the market is factoring this into its valuation at present.

https://www.fool.com.au/2020/07/24/brokers-name-3-asx-200-shares-to-buy-right-now-24-july-2020/

OK, it's MF, but it still is what it is!

Thankfully some here appreciate the significance of the specific UBS mention of the Havieron prospect in the gold market... GLA

PS. Why start another thread? TT

Sure, but a broker maybe, just maybe, gets more attention than a post on LSE. ;-)

Yup, like you, many of us have seen it all before for some years Jambo, and, like you, I'm 100% totally relaxed with the usual short term moves/market games.

GLA

It's no doubt significant to have the specific "Havieron" mention from UBS!

Maybe they're also looking to be GGP's next broker? ;-)

Thanks for the linky LL! TT

New UBS NCM rating:

UBS raises Newcrest Mining Limited (NCM) price target from $35 to $38.40.
Retains buy rating.

Broker believes that the market undervalues Havieron opportunity.

@ TMT Totally disagree. I post media links all the time and have never expected it to be seen as 'endorsed'. They are posted in a way for anyone that wishes to read them to make up their own minds. TT

GH has stated that drilling at Scallywag should start in 2-3 weeks.

I'll be honest. I was 'bottom feeding' a few mining company stocks back in January 2018 and bought my first GGP after the fall at that time. My first buy was @ 0.65p

Their last piece on the 2nd July, also posted here, was pretty positive:

"Greatland Gold was one of the stars of the second quarter. Its shares rocketed 155% in value over the period as bullion played its historical role as a popular safe-haven and surged in demand. Prices hit new eight-year highs, and it looks set to become much more expensive as the economic and political fallout of Covid-19 intensifies. Gold hit new multi-year peaks just shy of $1,800 per ounce just yesterday.

I’d buy Greatland Gold for my Stocks and Shares ISA today because of the quality of its Australian gold project. Its Havieron asset in particular provides much to get excited about, and the involvement of Newcrest Mining as a farm-in partner gives extra reason for optimism."

https://www.fool.co.uk/investing/2020/07/02/these-stock-market-crash-bargains-are-rocketing-id-buy-them-in-a-stocks-shares-isa-now/

@ d1873macca It's posted because it relates to GGP, good or bad. IMHO, it's useful for any investor to see what's being said in the media whether they agree with it, or not. Motley Fool is widely read. If you disagree with it, and I largely do to TBH, then you can of course ignore it if you wish.

Just me view. TT

Investors who were savvy enough to buy Greatland Gold (LSE: GGP) shares at the beginning of 2020 have seen a fantastic return on their money over the past seven months. Shares in the mining company have gained 670% since the beginning of the year.

That makes the stock one of the best performing investments on the London Stock Exchange in 2020. Following this performance, some investors may be interested in buying Greatland Gold shares ahead of further positive performance....

https://www.fool.co.uk/investing/2020/07/23/tempted-by-greatland-gold-shares-heres-what-you-need-to-know/

@ tiggerman

Just wanted to check you saw the post from Alan at SI Capital @ 07:54 this morning "STAG". TT

Sounds great Alan, thanks!

...Then "we'll wheel the rig up to Patterson Range East and then potentially down to Black Hills."

Scallywag drilling to commence in 2-3 weeks.

Preparation work already underway.

Proactive Interview - "Excellent", "Significant", "Exciting", "Spectacular", "Amazing".