Reverse split in my opinion, the problem JAG will face is that other gold mining companies are more attractive for shareholders and there is no reason to bid up JAG because it is in bad shape compared to most. There just is not enough time for gold to rally hard and translate into profits for JAG to justify a $1.00 share price. They might ask for another 12 months to rectify the share price but that is just putting off the inevitable.
Indeed, some PM mining stocks faster than others but you cant be greedy :)
I have thrown just about every penny I have into gold and gold mining shares since gold breached $1400 and CNBC was bashing gold and pumping the dow :D
I think there is more upside than downside potential but the probability is skewed towards more downside before upside. There has been no important news for over half a year now.
I bought with the expectation of getting $9-10, not sure if I need to downgrade to $7-8 now :p
One more leg down is possible but very improbable, I expect PVG to rebound and rally going into the publication of the feasibility study at which time demand for PVG shares could explode. If gold can rebound after those margin hikes by CME like it has in the past we could be around $1500 gold in May and somewhere between $1600-1800 by September depending on how the bought and paid for politicians handle the debt ceiling in May and what the Fed does to address the risks of deflation in commodities and the crumbling "recovery" in the jobs market.
My target for PVG is around $7-9 this quarter and possibly back to $10-14 towards the end of the year.
The main variable is the gold price and sudden violent corrections (mainly to the upside) can be expected from the outcome of the progress Quartermain and the gang do with respect to Brucejack.
Dont think because Chinese buy cars that they buy them with cc's built in. The Chinese business people try to save pennies on every corner and do not care for the environment. Maybe that is why Pd imports do not match auto demand. Another possibility is that China has its own Pd production they dont tell anyone about, who knows.
My point though was that the story about linking cars with Pd or Pt demand in China is not a good basis to go with. What matters for PAL is what the price of Pd and Pt is doing, not demand from China because as price goes down demand increases so focusing on demand is not the way to go.
I think the rebound/recovery in gold price is more the driving force than drill results coming up soon for this rebound.
Dont get too excited about China, most of their pollution comes from things like factories or just plain fires in the fields. They are getting motorized but a lot of the farmer types have scooters powered with electricity from f.ex. coal plants. Pd and Pt demand in cars in the developing world sounds logical but it is not a world that mirrors our western lifestyles in the area of transportation.
Do not overestimate the impact of demand from the developing countries. Rick Rule makes statements of facts which isnt wrong but when you link the right facts combined with incorrect assumptions your conclusions are also wrong.
I feel that right now the dollar has been strengthening a lot since Japan did its QE announcement and dragging down commodities and therefore also resource stocks. It is only a matter of time before the Fed either decides to collapse the economy if this trend of flight out of other currencies to the dollar continues by doing nothing or do QE5 to kick the can down the road. Earnings forecasts for IAG and other resource companies will depend largely on what happens in this regard. I just dont see how the Fed cannot intervene but you never know with these guys, they flip flop when it suits then, not when "little people" like us are being smashed in our portfolios :)
I know but still high cost producer like a lot of them. That could hurt them if gold price doesnt recover and stay solid above a certain level. All the other points you made are right.
I like the pumping but dont you think that costs of production needs more attention in your pumping?
Well I just like to discuss things with people on the message boards. But the point you make about this one holding up far better than the rest is not a good investment decision because you are judging what the market does with a stock.
Fact is that people like Rick Rule do not have to sell and since this company is owned mainly by people like him and institutional investors tells you why it hasnt sold down to where it should be. Other stocks have far more retail investors in and these kind of investors panic and make other stocks sell down hard. Therefore other companies with better prospects have done worse in terms of share price than BRIZF but my opinion is that BRIZF still has a lot of downward potential. You would be smarter to allocated your 2% to a Newmont or Goldcorp at their current prices since they actually are in production and paying dividends whereas BRIZF will continue to give negative returns to shareholders until it goes into production which is way out.
Anyway, not questioning your decision, just about any gold mining stock is down a lot this year I just think BRIZF just hasnt started selling off yet like the rest of them but it could go very low on very little volume is the point. We will see how things go. Hope to catch up with you sometime to see who was right and who was wrong.
I think I read that SSRI already had sold lots of their PVG shares. Maybe I am wrong but it really does not matter, SSRI cannot dump its shares (if it still has them) while there is little volume to support the price, they would be shooting themselves in the foot.
Are you serious about them finding a motherlaod? Chances are slim. I will play devils advocate here. What if the drill results are not so good to keep pursuing the project (especially at current metal prices) and the brochure is for a new project they intend to waste, sorry spend money on?
If you have any luck getting an answer about the timing of the release of the drill results or the brochure, let me know, I think we are the only ones still following Hellix, I think most people already gave up on the company. This would of course be good news because the sooner the dead meat gets off the cart the sooner the Underhills can push it up the hill again ;)
You are down like 25% since you posted if you are still long. BRIZF will follow the same fate as the rest of the gold mining industry. I am looking for something around 0.15/share very soon.
Lol, I sent an email to the company (info at hellix) asking about when drill results and brochure, but no reply. Maybe I used the wrong email hard to tell.
Have you tried contacting the company?
You have to wait this one out, URRE still has a lot of downside fundamentally going forward with having to dilute and borrow later to get its projects online. You should consider Ur-energy, it is a junior and its lost creek project is coming online in the second half of the year. It should do better than URRE near term.
The only advantage URRE offers is leverage to a rising uranium price if speculators come in and drive the price up. UEC on the other hand is becoming more and more attractive the lower the price goes, I am still waiting for $1.00/share on that.
I also got that feeling in March but I am still exposed in a few companies lol. The only gold focused companies I am not worried about at all are 2 juniors that have enough cash for at least 2 years, so dilution at currently low prices is zero. The other mining companies I own have good assets and should be robust but their share prices can still take another major kick in the teeth. Cash on the balance sheet right now is what counts to keep share price up so consequently companies with little cash but robust operations should have the most downside risk and the most upside potential on the way back. Maybe I will buy some Goro if it goes to $1 or close to thereabouts.