The Brains Trust, page-3392

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vindin

1,599 Posts.

75

08/05/17

15:16

Post #: 24546186
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Originally posted by nordesmic ↑

thanks vindin.

Here's what I have bee doing of late:

In my more speculative account:

- GCY, been buying a lot around these levels. I think this has the potential to be the next RRL in a few years. Simple, low cost (upfront and in production) project and a second project of good quality (basically not given any value by the market).

- DCN, think there is good value in this at current prices and managed better than most stocks of this type. Offers scale rarely seen in gold space these days. Still a takeover target. No financing risk either.

- ORR, topped up at 40 cents on Friday. Again a well managed company with a high quality project.

- RMS, excellent value here I think clouded by short term production issues in last quarter or two. Cheap on all metrics and I think this will eventually show up.

- SLR, I've not been a fan of this stock for some time but have just started buying. It is coming in to a good little period of lower costs and good cash generation. 6 month hold.

In my long term (super) account:

- RSG, cheap on all metrics. Cashed up for expansion projects.

- RRL, not necessarily cheap but very well managed and good organic production growth from nearby resources. Pays a decent dividend too.

- AQG, huge 15 years of reserves and will be a 300 koz producer in 18 months. Currently constructing new facilities and fully financed. Project is of a premium quality with low costs. If the market ever starts to value reserves then this could be a $5+ stock.

- Sold NST, EVN and GOR recently to fund purchases of the above. All are still good companies but not quite of same value at present time.

I haven't been buying more CDV but I'm happy to hold at these levels.

Expand

Thanks for such a great list to start on with @nordesmic and @PaleoBro

Will have a look and post any thoughts

Though have had it for today!!

Cheers

Last edited by vindin: 08/05/17

XSO Value at posting: 2,383.5
1 Upvote

0 Great analysis

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