Happy new financial Year! All the "crystalizing" losses sales...

Happy new financial Year!
All the "crystalizing" losses sales are done and dusted for now. Hopefully we can move back to some sort of "fair value".

I've been following NVA as well who have also been punished.

Gold price is holding up and I believe it has further to go with no easing of global tensions in sight and no clear plan out of the current high inflation, high interest rate environment - eventually s*** is going to hit the fan and gold jump.

On the downside cap-ex costs are increasing and capital/funding is bound to get even tougher. Lets hope the upside in the gold price will outweigh this.

M&A activity of larger gold stocks is re-assuring outlining long term value and confidence in the sector.

Let's see if higher wages and higher super rates see more $ flow into the asx.

Between interest rates, land tax and talks of a "rent freeze" (wont happen, but the fact it's being mentioned is off putting enough), less and less $ are flowing into direct real estate (for investment) , by default, more $ should be flowing to the ASX.

After Newcrest takeover done, more money will flow to other asx300 gold stocks lifting share prices. We will start to look very cheap if we can get some measured & indicated ounces