Oddjob

Exciting to watch... How low can it go? Read a report in Feb that said that the worldwide average "all-in" cost for gold miners was $950.

Hmm, I thought he had said $100M market cap, while Keegan have $300M at the moment. But I have no better guess myself really.

 

BTW, I wanted to start a thread on completely unhedged, debt-free, but dividend paying producers/developers. Are there any pure gold or silver plays anyhow that tick all these boxes? I don't mean royalties/streamers, because they have counterparty risk too. Anyway, just an idea.

I listened to this one too.. He said mkt cap was $300m, Cash in bank was $200m. He mentioned that you'd be buying the 5m oz for $100m.. Its Keegan alright. They need at least$500m to get into production and their properties are in Africa.

I'm starting to salivate at the sight of Uranium producer prices now. UUU at 1.94, Cameco at $18....

Still waiting for an entry point.

USU, UEC, URG, URZ, DNN, URRE, A9Y and CCJ. Plus URA ETF why?

I was just looking for some perspective on your post - apologies for missing your earlier post where you mentioned these.. If I recall correctly, the past week was good for most, if not all of these stocks!

I like Denison even though I don't own the stock. It has a good quality resource. It'll be worth a lot more in 3 years..

Uranium up 2.6% to $68.75, but most Uranium stocks heading down today.

Source: http://www.bloomberg.com/apps/quote?ticker=MFURMDUR:IND

Estimates I read at the end of 2010 predicted a max Uranium price of $70 for 2011.. Looks like this may be broken in January!

My new investments have got hit badly so far, just my luck, still if can't stand the heat!

Which Uranium stocks have you bought into?

Invested in an explorer called A-CAP Resources (ASX:ACB) 2 weeks ago. Its the only Uranium stock I've bought into. Really like this one. Spent days researching it

Why I like it:

- Current JORC resource is 158m lb.. The chairman said recently that this may double in the next resource update which will be announced "early 2011". This will have a big impact on the shareprice when announced..

- Low extraction costs. Unlike other Uranium mines ACAP's resource is sitting in the top 70 metres. In Sep the chairman announced costs will be lower than $30/lb.. This is much cheaper than other producers. Uranium will be mined in open pits. Using radiometric sorting and heap leach extraction the costs will be low.

- There are roads, train lines and power supply right beside the resource.

- ACAP has only explored 20% of its tenements.. 80% to go. This could turn out to be one of the top undeveloped uranium resources in the world. It's already in top 20.

- Not taking into account the next resource upgrade, ACAP's uranium is currently valued at 58c /lb (rough back of beer mat calc). Similar explorers are valued at $2/lb. Uranium producers are valued at $10/lb..

- The company operates in a mining friendly country - Botswana.

- Likely to apply for mining license mid 2011

- Likely to start producing in 2012/2013

Like I said previously, I really like this one. This has the potential to give a big return. You've been warned !!!

Leaving Affordable Mortgage May Become Winning Gambit

So-called strategic defaults, in which homeowners stop paying their mortgages while remaining current on other debts, rose 128 percent to 588,000 last year..

 

..Ten states are so-called non-recourse, prohibiting deficiency judgments after most home foreclosures: Alaska, Arizona, California, Hawaii, Minnesota, Montana, North Dakota, Oklahoma, Oregon and Washington, according to the National Consumer Law Center, based in Boston. The bank can repossess your home in those states, not other assets, to settle the debt...

 

..Banks may be more willing to accept foreclosure alternatives, such as a short sale or deed-in-lieu of foreclosure, in states where a lender can’t sue for per.sonal assets..

 

..A foreclosure remains on a credit report for seven years. Credit scores can begin to rebound in as little as 2 years if bills are paid on time, according to FICO...

As I said before, its all too easy for people to throw in the towel..

I live in FL 6 months of the year and can confirm the situation is dire - good for me as I'm renting, and will buy when real estate bottoms - that will be some time off yet, big big drops still to come, and the same imho goes for the UK

sounds like a dark future for the sunshine state

Ooooooooops.

 

http://southflorida.bizjournals.com/southf...28/daily40.html

Is anyone else surprised with how quickly foreclosures are mounting in Florida?

Never been there before (although I'll be honeymooning there in January) but I think that the system in the US makes it too easy for people to throw in the towel and get away without consequences.

I often hear companies advertising on US radio that they can help you get away without paying the full amount you owe on credit cards, loans etc.

I believe its this type of irresponsibility which is going to make the matter worse in the US.

Heard on cnbc this evening.. 23% of homeowners in the state of Florida are either in foreclosure or default.. Incredible !