rigger

I've also put a small sum in Cameco .I think there's a bull market in Uranium inbound.

On 5/18/2017 at 5:24 PM, DrBubb said:

 

Interesting to see that - as SXX.L is well off its lows: GBP 26.841p

Sirius Minerals PLC 52 Week Range: 14.22 to 52.50

I will pick some up at the right point,  just feel they've raced ahead a bit.

I've now bought some Potash Saskat.

I'm not a massive fan of stocks at the minute but I've bought in with a view to buying more if broader markets roll over.

https://www.google.co.uk/finance?q=NYSE%3APOT&sq=potash&sp=1&ei=VjgcWcjPMdS7U43aqIgN

I'd say you are missing AAZ from that list, but then I would being a cheerleader

 

http://www.angloasianmining.com/home/

Nice one,My list was likely pulled from Miningfeeds.com

Also missing is

Anglo Pacific

https://www.google.co.uk/finance?q=LON%3AAPF&ei=NSAcWYD6AZSZUOrsnvgJ

Royalties company,5% yield

Added some Barrick,Gold Fields and AngloGold Ashanti today.

Hoping the price of the yellow stuff gives up some so I can get into some of the smaller ones that have risen so much since 2015

https://www.google.co.uk/finance?q=TSE%3ADGC&ei=kbgDWdmkBpSRUIbAgiA

'Detour Gold Corporation is a Canada-based intermediate gold producing company. The Company is engaged in the acquisition, exploration, development and operation of mineral property interests. Its primary asset is its Detour Lake mine, which is an open pit operation located in northeastern Ontario, approximately 300 kilometers northeast of Timmins and over 180 kilometers by road northeast of Cochrane. Its Detour Lake property consists of a contiguous block of mining claims and leases totaling approximately 620 square kilometers in the District of Cochrane. The Company's projects also include Detour Lake Exploration Block A and Detour Lake Exploration Regional. The Block A near-surface deposit is located approximately one kilometer northwest of the mine and contains a measured and indicated resource of approximately two million ounces, and has completed over 160,000 meters of drilling. The Company controls approximately 630 square kilometers of the Detour Lake Exploration Regional.

http://www.miningfeeds.com/gold-mining-report-all-countries

Another decent down day.Really does look like the miners are rolling over despite the yellow metal at $1263

Yamana at $2.60 which is about 25% above the 20 week MA of their 2015 low or their 2004 price............................wow.Super value.Could get even cheaper.

https://www.bloomberg.com/news/articles/2017-04-26/home-capital-gets-c-2-billion-loan-will-miss-financial-goals

Found on HPC,Canadian mortgage Co. in trouble,.

Good opportunity to add more in the coming weeks

Worth noting Barrick down from $20 to $17

I think the 4-6 months cycle has rolled over

 

 

-------- delay: 6 months------->

My feeling too.I'm a long term buyer.A couple of the shares I'm following closely are down heavily over the last couple of weeks

eg Gold Fields peaked at $4.15 13/4,now down at $3.40

eg Harmony 11/4 $2.75 now $2.25

My list of safer miners: HL, AEM, Osisko, Detour, NEM, FNV

 

and safer juniors: THM, NG,

 

Slightly less safe, but still probably okay: IAG-IAMGOLD, AUY-Yamana, KGC-Kinross

My list of safer miners: ANV, HL, AUQ, AEM, Osisko, Detour, NEM, FNV

 

and safer juniors: THM, NG, Kirkland, Lakeshore

 

Slightly less safe, but still probably okay: IAG, AUY, KGC

Bizzarrely just revisited this thread.I'd forgotten all about it.

End of March I bought KGC(Kinross),AUY(Yamana),GG(Goldcorp),NGD(New Gold).

Hoping prices drop back some,so I can diversify.

Fresnillo Plc FRES.L 1,644.00 -8.00 -0.48% 1,636.00 1,660.00 986.50 2,057.21 144,992 12,110.0

Centamin Egypt Ltd. CEY.L 185.33 2.43 1.33% 182.70 186.20 93.00 186.20 2,725,279 2,661.0

Petropavlovsk PLC POG.L 7.84 -0.07 -0.88% 7.65 7.94 5.74 9.15 246,329 323.6

Pan African Res. PAF.L 15.25 -0.75 -4.69% 14.50 15.75 12.75 24.50 4,550,946 287.1

Avocet Mining plc AVM.L 50.90 0.40 0.79% 49.30 50.90 38.50 127.40 4,675 119.1

Hummingbird Res HUM.L 25.75 -0.25 -0.96% 25.38 26.02 16.00 29.46 92,217 106.9

Trans-Siberian Gold TSG.L 44.00 1.50 3.66% 39.75 44.00 31.65 56.60 11,470 60.5

Serabi Gold plc SRB.L 5.25 0.25 5.00% 5.25 5.70 3.50 7.00 356,399 45.8

Ariana Resources plc AAU.L 1.75 -0.05 -2.78% 1.73 1.78 1.13 2.26 1,464,038 17.7

Goldplat PLC GDP.L 7.75 0.38 5.08% 7.75 7.90 4.78 8.25 143,291 16.2

I'm looking at buying some Gold fields for the longer term.Interesting that they're not as SA based as one would assume,offering a nice geographical spread of assets and cashflows

https://www.goldfields.co.za/inv_rep_ar.php

From the CEO 2015 report

'It is fair to say that, despite the 45%

On 1/17/2017 at 7:03 AM, DrBubb said:

"I always assumed that the bonds had a lower return than the equities."

Date---- : GCM.t : 7,692 : CAD$ : NotVal : 1% Deb. vol. : Db.O/S- Date : 6%Deb: Db.O/S- Date : TDebt : Shs-OS : MktVal. : Ent.Val. : Gold :

=======

03/31/16 : $0.095 : 0,731 : 0.769 : 56.94 : $58.00. -------- : $71.2- 03/31 : $68.00 : 104.0 - 03/31 : $175.2 : 125.5m : C$11.9M: $184.3M/ 1234= 149.4k
06/30/16 : $0.100 : 0,769 : 0.773 : 59.44 : $55.00. -------- : $67.7- 06/30 : $65.00 : 103.3 - 05/12 : $171.0 : 157.8m*: C$15.8M: $183.2M/ 1325= 138.3k
07/06/16 : $0.140 : 1,077 : 0.770 : 82.92 : $74.00, 164.0k : $67.7- 06/30 : $78.50 : 103.3 - 05/12 : $171.0 : 157.8m*: C$22.1M: $188.0M/ 1366= 137.6k
08/31/16 : $0.115 : 0,885 : 0.763 : 67.53 : $72.00, 539.5k : $53.7- 08/11 : $83.15 : 103.3 - 08/11 : $157.0 : 252.9m*: C$29.1M: $186.1M/ 1311= 141.9k
09/30/16 : $0.120 : 0,923 : 0.762 : 70.33 : $72.50, 154.0k : $49.8- 09/06 : $91.00 : 102.5 - 09/06 : $152.3 : 277.6m*: C$33.3M: $177.7M/ 1317= 134.9k
10/21/16 : $0.115 : 0,885 : 0.750 : 66.34 : $68.00, 0??? k : $49.8- 09/06 : $88.00 : 102.5 - 09/06 : $152.3 : 277.6m*: C$31.9M: $176.2M/ 1266= 139.2k
11/30/16 : $0.100 : 0,769 : 0.744 : 57.21 : $61.00, 90.00k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$27.8M: $171.6M/ 1174= 146.2k
12/30/16 : $0.095 : 0,731 : 0.744 : 54.39 : $61.00, 20.00k : $49.7- 12/06 : $84.00 : 101.2 - 12/06 : $150.9 : 277.6m*: C$26.4M: $170.5M/ 1152= 148.1k

Each 1% Bond is cv into 7,692 shares.

At C$0.10 that is C$769.2 x $0.759 = USD583 - they have been trading recently at US$0.6024 (x$100 = $602.4)

The 1% bonds mature in 2018, and are Junior to the 6% Bonds in seniority

 

GCM.t has traded as high as C$0.16, and I sold some shares at C$0.145

At C$0.16 the value of the bonds was C$1,230.7 x $0.76 = USD935. But the high price for the bonds was only $86. ($860)

So for a while, the share-value of the bonds was more than the bonds. That is why I sold my GCM shares, and used

the money to buy bonds.

Thanks for sharing your insights Doc,it's a little above my head as I haven't really dealt with this before,but you offer an illuminating insight into the possibilities.

As a retail investor,I've learned to be careful respecting the limits of my knowledge and understanding within my wider risk profile.

I was looking at uranium miners on my go to mining aggregator the other day,so I was interested to see this post.

http://www.miningfeeds.com/uranium-mining-report-all-countries

Much as I'm a massive believer in solar energy,the reality is that it will be some decades before there's no space or need for reliable sources of electricity eg nuclear,clean coal.For a lot of countries the capital cost of conversion will be prohibitive.

Edit to add I was unaware there was an ETF.Whilst I prefer to buy the underlying stock,it's a good reference guide re weightings.

 

It is a question of seniority.

On the upside: the Equity has almost the same upside as the 1% Debs.

And maybe a better payoff than the 6% Debs.

 

But if the company has repayment issues, the 6% Debs are senior to to 1% Debs and the equity.

 

Do you understand?

Yeah,thanks for the clarification Doc.That's what I expected.I've always only traded equities as I understand the win/lose nature of the pricing structure.

I always assumed that the bonds had a lower return than the equities.

Just reread the above and I realize of course they're risky lol.Just wondering why you've opted for bonds over equities.

This is the sort of stock I put a little bit of gambling profits in.

Forgive my ignorance Doc,but are the equities too risky?

Fascinating read Doc.Thank you.I'm looking to add to my gold miners and this certainly seems worth a nudge.

On 7/21/2016 at 3:53 PM, DrBubb said:

An AIM-listed company, with a large deposit of polyhalite material - for fertilizer

UK:SXX / Sirius Minerals PLC (LSS) ... All : 3-yrs : 2-yrs : 6-mos / 10d : Last 22.34P

http://i1248.photobucket.com/albums/hh483/sjw55555/sxx_zpsq1taxlu3.gif

 

Sirius Minerals, a publically listed company on the London Stock Exchange’s AIM market, aims to be a world leading producer of multi-nutrient fertilizers.

Our area of interest contains the largest, highest grade resource of polyhalite to be found anywhere in the world.

Results confirmed that our area of interest contains a polyhalite resource of 2.66 billion metric tonnes, as defined according to the internationally recognised JORC code. This is just 7% of the Project area of interest and provides an asset excess of 100 years. Within the resource area, there is a JORC compliant Probable Mineral Reserve of 280 million tonnes of polyhalite.

> http://siriusminerals.com/our-project/the-deposit/

Interesting share.

New York Real Estate Prices Plunge In 4Q As Listing Days and Discounts Soar

 

Manhattan Market- : 3Q-2016 : 4Q-2016 : ChgPct: 4Q-2015 : ChgPct:

Median Sales Price: $1.074m.: $1.050m .: - 2.2 % : $1.150m.: - 8.7% :

Data from Douglas Elliman's 4Q 2016 New York real estate report brings some unwelcome news for the city's hedgies and I-bankers with median pricing and sales volume crashing while apartments sit vacant on the market for longer and longer.

. . .

After reviewing the Elliman Report on the New York City Real Estate market at the end of 3Q 2016, we concluded that sellers had simply refused to accept the fact that the Manhattan real estate bubble had burst and rather than dropping prices had decided to simply let their apartments sit on the market unsold while hoping for a miracle. Here was our conclusion (see "NYC Real Estate Bubble Bursts As Apartment Sales Crash 20%"):

Alas, with the release of Elliman's 4Q 2016 report, it has become apparent that that miracle never materialized for New York's hedgies and i-bankers. In fact, the data from Manhattan real estate sales was almost universally bad with median pricing down 8.7% YoY, volume down 3.7%, listing days up 14.6% and discounts up to 5.5%.

In conclusion, the lesson seems to be that the marginal New York City buyer has been priced out of the market (volume down 20%) while sellers have not yet accepted that the bubble has burst deciding instead to maintain listing prices while letting their apartments sit on the market longer amid growing inventory levels. Meanwhile, the luxury market is the only segment that seems to be holding up which only serves to prove that Chinese billionaires still have cash they would like to hide in the U.S.

Saw this thread title and thought of this ZH post.Word from contacts in UK construction is that things have turned with some talking of a rerun of 2008.

Both Guardian and RealClear have Donald slightly leading in Ohio, North Carolina and Florida.

I find the NYT updates quickest.also watching live feed on cnn and the detail is good.

Wisconsin is in play25% counted Don up 50-44

Styx says a lot of red Northern Florida counties still to declare and VA looking good.

 

I think it's on for Trump but either way the polls are looking like total bollocks. So far anyway.

VA surprising and goes to show there may be other paths open for the don.

Penn/Mich/VA?

 

Don has a 3% percent lead in Florida with 15% counted.

Don with a large lead in Virginia, Obama win in 2012.

South Carolina just declared for Don.

 

༼ つ ◕_◕ ༽つ DONALD TAKE MY HIGH ENERGY ༼ つ ◕_◕ ༽つ

 

clinton news network wetting their pants with shillary leading in florida...............