'good old regular data' - monday, page-27

redbacka

You can add EVR to your list of 11 largest goldies by market cap - they are around $400m. Both EVR and TGZ have most of their shares listed on the TSX and are driven more by what happens there. They can be very illiquid and not easy to exit at a reasonable share price when the going gets tough, so not suited for traders.

Several of these goldies have moved significantly as a result of announcements post 1 January. RRL had a weather event resulting in major operational disruptions and a consequent fall in the share price (they would probably now be around $3.40-3.60) but for this. TGZ and EVR had positive announcement that got the market interested (at least for a while).

Other goldies have also had announcement that have significantly impacted their share price (eg SLR, NST, TRY).

I guess what I am saying is that it is not just the POG that has had an impact. Things are pretty fluid and what seems like a good prospect can turn south while another that may be struggling a lot (eg TGZ) can be turned around as a result of a completed deal (their acqusition of the OJVG).

Another factor has been improving costs being reported (at least on the surface, as it may just involve high-grading) during January. Industry costs are coming down and many be around $100/ounce lower in 2014 than they were in 2013.

But I share your concern about the POG. I do not like to see it run on what I think is short term news (Crimea), and I think there could be negative impact from a slowing China or a 8-15% fall in the US sharemarket (as there was in the second half of 2011) on our goldies.

loki (who wants to claims the title of goldenballs - I could suggest a candidate for it, not me. After all, there is a blueballs on hotcopper so why not a goldenballs.)