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From: | "Soarer2" <soarer2@xtra.co.nz> |
Date: | Thu, 20 Nov 2003 20:06:03 +1300 |
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/
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