Forum Archive Index - November 2003

["Soarer2" <soarer2@xtra.co.nz>]

unhedged, no debt, proven reserves, exploration upside - there are plenty in
Australia

www.gold-eagle.com





----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, November 20, 2003 1:28 PM
Subject: Re: [sharechat] Gold afternoon


> >>
> >>>Got to $ 400 today ( not that it was ever in doubt )  several of
> >>>my Aussie golds up 5%  today, a good days work.
> >>
> >>And the kiwi dollar rose to new highs in tandem, wiping out all the
> >>gains in gold.
> >
> >as I own aussie gold stocks, I am only concerned with the A$/ NZ$
> >cross, I think you are missing the point Snoopy you should never let
> >you ego get in the way when it comes to making $$$$,
> >
>
> So why mention that gold got to $400 US then?    It seems to be
> irrelevant to your argument for buying Aussie gold shares.
>
> And previous to that you wrote.
>
> >
> >I own a gold ring and several aussie golds, when we get to $450 and
> >gold stocks have moved another 50% I will discuss the fundamentals
> >that you should be looking for
> >
>
> I think you have me wrong on this gold thing.   I will happily invest in
> any Austalian gold company that you can make a good case for.
>
> By 'making a case' I want to know about the reserves, the cost per
> ounce of extracting those reserves, the forward sales contracts the
> hedging position etc etc.    This is what I mean when *I* talk about the
> fundamentals of gold.
>
> However, when people like you and Lazyhaggis talk about the
> fundamentals of gold, you point to a rising price (in USD terms, yet the
> price is falling in AUD terms), news articles pointing to instability in
> Iraq, talk of depression in the US etc etc.    Not the slightest mention
of
> cash flows, projected profits, or anything else remotely connected to
> real fundamental analysis.    I don't really wish to spend my time
> knocking you gold bugs.   I just want you to come up with a much more
> substantial case for investing in Aussie gold shares than you have,
> based on future earnings and cash flows.
>
> To answer my own opening question, I do know why you keep crowing
> about the price of gold, the metal.   You do it to drum up interest in
> gold shares because you realise that what you are doing is really a
> giant game of 'pass the parcel'.   As long as there are enough new
> people getting into the market then the demand for gold shares will go
> up and so will the value of your current holdings.   You actually don't
> care about the real value of gold.  You are content to ride the
> momentum, safe in the knowledge that when the music stops you will
> get out (you hope).
>
> IMO this is a dangerous game to be playing.    Perhaps you are right
> and the real fundamentals of these Aussie gold companies you invest
> in are genuinely good.    But no information on this forum you have
> presented so far leads me to believe that either you or Lazyhaggis
> have any knowledge of the fundamentals of gold.    Of course, as
> always I invite you to prove me wrong.
>
> SNOOPY
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>
>



----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/