Gold Mining Stocks

[DrBourse]

Thanks for the advice VC.

But, I'm talking more about the general gold equities market which should say something about value. The GDX and GDXJ are way off highs and have gone in the opposite direction to gold of late. I've been putting these charts up in the gold thread for a while. There's something more than fundamentals affecting the general gold equities market. My thoughts are that it's not fundamentals, but sentiment. Sentiment will change. Maybe once the Uber drivers start telling us to buy gold. But, by then, most will have missed the boat.

@Sean K
Hi Sean,...
A little bit late, but I've just noticed your 6/3/24 post Nr247 on page 13...
Thought I would add my comments to the discussion....

Technical Analysis, Published Articles and the Internet are the only real Research Tools we have for GOLD and other indicies…
Individual Stocks cannot safely be valued in relation to any INDEX…

There is no such thing as "Financial Factors/Analysis OR Fundamental Factors/Analysis for Gold, Silver, etc, or most Other Indicies"....
That is, there are no Ratios, Margins of Safety, or Balance Sheet Analysis of any kind available to us that would produce what is known as Financial or Fundamental Analysis…

There are, however, outisde influences, such as Soverign Country Manipulation, Economic & Market Forces, Wars, Political Interference, Environmental Risks, Social & Governance Aspects, Production Costs, Inflation, Pandemics, Brokers Analysis, Announcements, Press Releases, Adverse Weather Events, Ramping, Inuendos, Speculation, Fear & FOMO (Fear of Missing Out), Chat Room Posts, and other misleading information that we can access to help evaluate the likes of Commoddities/Indicies etc....
(There are bound to be some others I have omitted or can't remember...)

SO, IMO, the only real "Research Tool" we have, is our knowledge of Technical Analysis (TA), and any other published information we can obtain from trusted sources.…

Cheers...
DrB.

 

[noirua]

March 2024.

 

[noirua]

April 28, 2024.

 

[noirua]

B2Gold Announces Sale of C$139 Million of Calibre Mining Shares

VANCOUVER, British Columbia, June 21, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”)...

www.globenewswire.com

B2Gold TSX: BTO AMEX: BTG is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.​

 

[noirua]

 

[Sean K]

These aren't all ASX listed but is an interesting ready reckoner for looking at what's out there with gold explorers through to producers. It's part of a bench marking exercise from PDI contained in an annex to their latest presentation. Would have been nice if they added current market caps and EV to resource for a very broad comparison also. Might give people some ideas on companies to research anyway.

 

[finicky]

Another benighted destination to scratch off the list for investment, not that I hadn't done so already. Another place where the colonised were miles better off under colonialism - except for their pig-headed 'leaders'.

https://www.reuters.com/markets/commodities/barrick-gold-suspends-operations-papua-new-guinea-mine-after-violence-kills-2024-09-17/