given the excitement over gold breaking into a new level on the monthly now doing more mundane due diligence on my preferred goldies and do some weeding and let the good ones grow
i was somewhat critical of adt and third world country risk with losing some of their land lo and behold svl with bowdens and rrl with their mcphills project both in good old oz and both killed off at last minute after previous approvals and hurdles jumped repeatedly. good government - not at least rrl has other projects svl terminal? after many approvals for rrl and svl and then dead in the water i think rrl can turn it around but the amount of time lost from here on
explains why rrl going the wrong way when my others green
adding wgx to my list of stocks coming out with solid announcements for this next period and the future
most are fully valued on normal gold prices but higher gold prices mean they all get revalued pru has higher asic in this next year but offset by higher gold prices and i expect a rerate
evn has high debt levels but higher pog should see it pay it down and rerate
rrl has debt and a stalled project so yes cheap and unlikely to move here
already concluded solid announcements and quarterlies for others should see solid rerates in those nst a leader for mine but rms red evn pru expected to rerate. alk?
problem is they have rerated already and depends on gold for next stage spr tied up with rms? deg for the future
others like sfr to buy on weakness over next period if any in copper
so exciting little period coming up but this is hard work. agg when it doubled from sub $3 to $8 was easy and quick and then they left oz for good i wonder what they saw. little opportunity and third world country risk in oz. sounds extreme but ask rrl and svl how they feel now about our processes here
also little alk struggling somewhat. i wonder what challenges they face with their projects and what will come to light
a lot to be said for best of breed nst from recent sub $9 and likely to rerate as a producer and provide enough safe capital growth on its own and enough exposure to gold growth and deg as a solid spec to rerate once start producing assuming they make it that far
lithium - cxo showing signs of change of trend. early days and yet to confirm anyone any comments on any of the above please?
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