First Majestic has high costs. For better quality, you would want a major with low to moderate costs. There are several. It's easy to rank the top 5 and then pick one. I know which one I would choose. It kind of sticks out.
You mean for 30 days while you wait to re-buy it? I would focus on something with better quality than First Majestic, that is less likely to fall in value.
Hello Mr Don. Saw the comment was checking for clarification. How do you mean better quality? Do you mean first majestic is low quality and is likely to fall? Thanks
Is it better for Americans to use USD to buy Australian miners because the AUD is a commodities currency in essence. As the USD plummets, both miners and AUD go up. So you win from equity appreciation + FX :)
Remember what happened around 2010/11. AUD almost reached parity with USD, which is unheard of, and that's when the PM miners were booming sky high.
If I were American, deploying capital into ASX-listed miners seems like an excellent setup.
Several of my holdings are with gold companies in the Guiana Shield, in both the So. American and West African Companies, along with the Yilgarn Craton oF Aust. I'm surprised you don't emphasize these gold Belts. Not meaning to be critical. Don, I think you do a great job and ask the Lord's blessings on you and your family.
I can't buy Coeur ever again. held it for 10+ years and all it did was drop drop drop. Then they did a r.s. They seem to always always have production challenges. and they are the only miner based in...Chicago??? since when is chicago a mining town??
Actually I'm low on developers as timing has to perfect for them to raise capex without massive dilution. I much prefer explore co's, with high grade ozs, and good geology for expanding those ozs into a takeover. The neighbor company, RGD and G2 will merge in 12-18 months to become a tier 1 takeover asset. Most likely Barrick. They really like the jurisdiction.
Yes I know some guys at the big funds that came in G2 for $13M recently (without warrants in this market). There's an institutional funds overlap between the 2 neigboring companies and management have a plan to, both drill out their properties as much as they can over the next 12-18 months then merge afterwards on a NAV economics study basis.
Those 4 big funds that came in were; Van Eck, 1832 Asset Management, Sprott Global (G2 is a Rick Rule Top Pick), Condire Management.
Too much risk until they get Velardena into production and prove they can generate FCF. So, it's a watch.
First Majestic has high costs. For better quality, you would want a major with low to moderate costs. There are several. It's easy to rank the top 5 and then pick one. I know which one I would choose. It kind of sticks out.
Yes, I agree. I would use AUD and buy the ASX stocks.
You mean for 30 days while you wait to re-buy it? I would focus on something with better quality than First Majestic, that is less likely to fall in value.
Hello Mr Don. Saw the comment was checking for clarification. How do you mean better quality? Do you mean first majestic is low quality and is likely to fall? Thanks
Is it better for Americans to use USD to buy Australian miners because the AUD is a commodities currency in essence. As the USD plummets, both miners and AUD go up. So you win from equity appreciation + FX :)
Remember what happened around 2010/11. AUD almost reached parity with USD, which is unheard of, and that's when the PM miners were booming sky high.
If I were American, deploying capital into ASX-listed miners seems like an excellent setup.
I have most of these. My favorite SSR Mining, it will do well next year.
Several of my holdings are with gold companies in the Guiana Shield, in both the So. American and West African Companies, along with the Yilgarn Craton oF Aust. I'm surprised you don't emphasize these gold Belts. Not meaning to be critical. Don, I think you do a great job and ask the Lord's blessings on you and your family.
I can't buy Coeur ever again. held it for 10+ years and all it did was drop drop drop. Then they did a r.s. They seem to always always have production challenges. and they are the only miner based in...Chicago??? since when is chicago a mining town??
What is your opinion of golden minerals AUMN?
If you were to Tax loss harvest first majestic...what would you trade it for right now
Good list. Missed one of my favorites. G2 Goldfields.
It's hard for a drill story to make my favorites list. The timing has to be perfect.
Actually I'm low on developers as timing has to perfect for them to raise capex without massive dilution. I much prefer explore co's, with high grade ozs, and good geology for expanding those ozs into a takeover. The neighbor company, RGD and G2 will merge in 12-18 months to become a tier 1 takeover asset. Most likely Barrick. They really like the jurisdiction.
It's not a bad strategy. They are adding ounces, so adding value.
Yes I know some guys at the big funds that came in G2 for $13M recently (without warrants in this market). There's an institutional funds overlap between the 2 neigboring companies and management have a plan to, both drill out their properties as much as they can over the next 12-18 months then merge afterwards on a NAV economics study basis.
Those 4 big funds that came in were; Van Eck, 1832 Asset Management, Sprott Global (G2 is a Rick Rule Top Pick), Condire Management.
Thanks for this DR, this is excellent...