GMIN - G Mining Ventures Corp. (TSX)

[mullokintyre]

BTL finance Back in March mentioned that he was 'enthusiastic' about a Canadian Gold miner, GMIN.
I have been accumulating it in parcels as the sp drops or the AUD goes up.
I now have a decent parcel with an avergae buy price of 9.69 CAD.
Last Qeek, he devoted an entire Podcast to GMIN.
Gold production has really ramped in the last quarter in its Brazil mine, and in one of those rare moments in mining, its forecast AISC has gone down to be sub 900 an ounce.
It expects to ramp up further to produce between 30 and 40k ounces next quarter.
It will be most interesting to see what the guidance for next year is when they release the full results in late January.
It generated some 24 million in net cash, to leave it with over 104mill in cash and cash equivalents.
To top it off, it has recieved approval for its Oklo West mine in Guyana that it bought from Reunion gold.
Horse may have bolted on this one, but will keep adding on any sign of weakness.
Mick

 

[mullokintyre]

GMIN still making new all time highs, closed at CAD$14.23.
My buy in price is low 8's so am very happy with this one.
The depreciation of the CAD versus AUD has just added some icing to the cake.
Mick

 

[mullokintyre]

GMIN was added to the TSX Index last week, and with it an increase in volume as the index trackers add it in.
Closed at another all time high.
Not sure what will stop it going higher, short of a collapse in the gold price.
Mick

 

[mullokintyre]

GMIN up over 8% last night as gold punched through $3kUSD.
up over 100% since I bought in January, with little sign of slowing down.
might look at some new socks at this rate,
Mick

 

[mullokintyre]

GMIN was added to 3 different indeces last Friday Canadian time, and as the stock was bought by the index followers, nearly 10% of its stock changed hands .
Sold out last night at CAD 17.91 as I am betting it will need to take a breather for a while, and I have made some good profits since buying in January with the SP rise and currency exchange.
Probably look to buy back in later, if there is a bit of consolidation or weakness.
Mick