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Kram said:
I hope we are all still long gold?!
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A little play, yeah.

It's strange, gold is generally accepted as an inflation hedge but also a hedge against currency devaluation, and many central banks seem to be ready to open the printing presses to devalue government degree as well.
 
ARR keeps kitting a resistance level at 0.30c. May be forming an upwards triangle, breakout alert if it gets through the 30c barrier. Critical minerals so may have government support too (US or Australian)
 
Kram said:
I hope we are all still long gold?!
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Yes, but I reckon it slides for a bit before finally hitting 3000.



1739755803236.png

Silver will probably do the same thing, but it's better value than gold IMO.

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Platinum and palladium are also worth investigating.
 
I sold some of my gold and all of my miner holdings (MNRS).

Gold's in a bull flag, so it could slide a bit before rising again.

RE miners, not only are gold miners overvalued compared to silver miners (and are often badly run to boot), but this looks like a double top pattern, which would foretell a marked decline:

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Kram said:
Are gold miners overvalued compared to the gold price?

I have thought about selling NST though.
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Undervalued compared to the gold price, but that's partially their own fault (often badly run).

They're overvalued compared to silver miners, though.
 
DaRick said:
Undervalued compared to the gold price, but that's partially their own fault (often badly run).

They're overvalued compared to silver miners, though.
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Agreed, the gold companies I've been following seem undervalued compared to the gold price, particularly when you look back a few years ago and compare the gold price to the market cap.

I don't quite understand why; most of them are making cash hand over fist; I suspect it's because they're putting the money back into the business as opposed to talking about acquisitions.
 
Upon second thought, maybe I sold the miners a bit too soon...



AEM (available on NYSE) is IMO the best of those listed. If you're uncomfortable investing in a single miner, buy MNRS because it's hedged to the AUD.
 

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Genesis hoses down talk of Vault takeover bid

Gold miner preferring organic growth; $150m Strickland looks for re-rate as resource hits 6.7Moz; A bullish note for Southern Cross Gold.
www.livewiremarkets.com

Merger and acquisition activity in the gold sector goes hand in hand with rising gold prices. On that basis, every man and his dog has been tipping 2025 will see another rash of takeovers/mergers.
Before the recent run in the gold price to ever greater heights, there was Northern Star’s takeout of De Grey, and before that, Newmont’s takeover of Newcrest. Both were agreed scrip-only takeovers so everyone gets to share the upside.
Away from the big end of town there has also been a spate of smaller takeovers/project acquisitions, pointedly by well-priced developers/producers for explorers with advanced projects or for developers without the critical mass to become stand-alone producers.


Barry FitzGerald

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Any market poll of where M & A activity in 2025 will land comes with more activity in the Leonora district at the top of the list, most notably a tie-up between Raleigh Finlayson’s $3.5 billion Genesis (ASX:GMD) and Luke Tonkin’s $2.7 billion Vault (VAU).
But Finlayson for one has sent a clear message that punters backing home a move by Genesis on Vault is not on, not in the current high gold price market at any rate.
On Wednesday, he said in Genesis’ interim financial results release that he believed an emphasis on organic growth opportunities will maximise its financial returns from the strong gold price compared with M & A activity in the current environment.
And just in case that message was missed, Finlayson had another go: “While we continue to assess M&A opportunities, we believe that in the current gold price environment we stand to make the best returns by developing our pipeline of organic opportunities”.
Strickland Metals (ASX:STK):
Strickland (ASX:STK) boss Paul L’Herpiniere does not shy away from setting an ambitious growth target for the $150 million (6.8c a share) Serbian/WA gold and base metals explorer, with the main value kicker to be its Rogozna gold-copper project in Serbia.
He reckons Rogozna could be a massive value creator for Strickland just as the Vares silver-lead-zinc project in neighbouring Bosnia & Herzegovina has been for ASX-listed Adriatic Metals (ASX:ADT) - a 20c float in 2018 now worth $1.2 billion.
Vares is in production while Strickland is not. But L’Herpiniere has certainly been moving Rogozna in the right direction since Strickland acquired the project from private equity interests in April last year.
What was a 5.41 million oz gold equivalent project from a tight cluster of gold-rich deposits (compared with the gold grades of large-scale porphyry/skarns elsewhere) has just been bumped up by 24% to 6.69Moz of gold-equivalent.
The addition came from the maiden resource estimate for the Medenovac deposit. Another increase in Rogozna’s overall resource estimate is planned for the September quarter when a maiden estimate is expected for the Gradina prospect.
So Rogozna is big in ASX terms and global terms as it is. But with six rigs now whirring away across the known deposits and more recent discoveries, it is going to get bigger still.
Thanks to a collect from Northern Star on the sale of a Yandal/WA gold deposit last year, Strickland has close to $34m in cash and shares to keep up the exploration pace.
Having said all that, the market is obviously holding back on rewarding Strickland for the Rogozna pick-up and the subsequent growth in its resource base. The company’s $150m market cap says as much, remembering it remains an active gold explorer in the Yandal belt.
It seems small shareholders that had long held positions in Strickland for its WA gold interests aren’t on board for the Serbian adventure, regardless of its big-time potential. And they have been heavy sellers with the selling not quite done yet.
The company’s Top 20 though have remained on board and like the combination of Rogozna and WA.
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I got both GMD and STK.

And yep absolutely no way RF would try and have a go VAU in the current high price environment.
 

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