GOLD AND MINING SECTOR: This turnaround in gold has been great to me.
AU, ABX, PDG in gold; SWC and DBRSY in related. . . are easily my favorites. . . . . and GRERF and maybe BMG for momentum on lousy fundamentals.
I like AU best with its PE of 14; also ABX and PDG PEs of 23.
Don't like NEM without a PE.
Likewise I like the profit margins in ABX at 22 percent, AU at 12 and PDG at 9.1. . . whereas NEM has -21 pct profit margin.
SWC is palladium and platinum. . . has a nice float of 26 mil, which is about the lowest float of any of these. . . . most have hundreds of millions, so they make their moves very slowly. . PE=35. This is not gold. Likewise, I have said many times how much I like DeBeers [DBRSY] diamond mining. . . it has been a great performing stock the past 6 months.
ASL looks interesting with 9.8 mil float. . . a PE of 11 and 10 percent profit margin. HM is ho hum.
GRERF has lousy fundies, but has a nice momentum going on here. . .caution. . .they are showing a -365 percent profit margin. BMG is in same boat. . . momo, but lousy fundies.
Those I don't like include:
DAY [0 employees]
ECO
VGZ
CUSIF
CBJ
PSGQE
SILMF
AAUK [no info]
KGC
GOLD [no info]
GLDFY [no info]
LIHRY
MDG
DMM.B
ABERF
EUNMF
FNMCF
Many many other tiny ones. . . I stopped looking. . . the problem is that it is difficult to determine the damage done to these juniors. . . .unless we really do our historical homework to declare them "clean" . . . many were prosperous as little as one year ago. . . but have finally bit the golddust waiting for a turnaround. Some have 0 to 3 employees or are losing money at high rates of speed. Too dangerous, IMO.
I think William and Kevin have some junior golds picked out, but not sure what they are.
Hey, at least the sector is headed in the right direction.
Rande Is
Presently holding AU, PDG, ABX, DBRSY and GRERF |
