I'm starting to get the ruler across the different gold developers. I've been fortunate enough to size correctly on this downturn and had mostly thrown behind TIE (and still do). However I do like to keep on top of others to potentially load on a big drop in POG onto the next developer or mid producer. Problem is as far as I can see the Oz opportunities look pretty terrible? Some examples:
RED just raised at the worst time and there is no guarantee they will reconcile grades yet.
AMI threw money into the Dragues fire pit and now the whole company trades for less than they paid for the acquisition despite the amazing Fed deposit.
SBM are still running Simberi, I don't understand why.
WMC in administration.
OBM could be next on last roll of the dice.
None of the Aussie operators outside of the large caps instill confidence except maybe ALK. They seem to have their act together. Is there any other mid cap or development ASX goldies where people recommend the management? Sole operators only, not after any JV nonsense. Looking to find the next one to invest in.
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