Author Topic: Gold & Gold Shares (Read 105725 times)

gcr · « **Reply #90 on:** July 17, 2013, 06:06:42 pm »

Quote from: jaDEB on July 17, 2013, 05:23:54 pm

Agree Orca. Trading.... I am bored.....thus want to trade with 10% of portfolio.

Grrr, why Goldfields and not SGL. I like their div policy.

I think there was a very specific reason for the hiving off of SGL by GFI and that was to ring fence the SA assets. If there was a crunch and mines were nationalized and or mineral rights were terminated ort made more onerous it could have affected GFI quite significantly. By ring fencing and then hiving off the SA assets it reduces its exposure to the uncertainty in this country. There is still lots of mutterings around its BEE deal and this was one of the reasons why it's price took a hammering. To my mind they are now a more diversely spread mining company where SA constitutes 23.42% of their total activity so if things sour in SA then it will not be a total train smash for them. SGL also has Froneman as CEO, and Vilakazi as director none of whom I like particularly so won't invest in their business - the same reason apply to Village from my perspective. So that's my take on why I went for GFI

jaDEB · « **Reply #91 on:** July 17, 2013, 06:15:12 pm »

Thanks gcr, that's why I lurk on these sites. Good guidance.

Orca · « **Reply #92 on:** July 17, 2013, 06:15:44 pm »

jaDEB

I have been telling you this for a long time now and have I not proved myself correct? Look at Simmers and the other smaller gold Co's.
Village!!
If you are addicted to miners, then just do AGL. Coronation just acquired 5% of AGL.

jaDEB · « **Reply #93 on:** July 17, 2013, 06:36:32 pm »

LOL sorry sir, will go sit in corner....

..Actually I just looked at ANG graph this morning, thinking that. Also BIL has been moving up nice. But I know what you mean Orca...will think a bit, thanks

Orca · « **Reply #94 on:** July 17, 2013, 07:29:58 pm »

NO no. jaDEB.

BIL went up lekka today but will go down just as lekka tomorrow.

Leave gold and ALL resources alone now. Start making money FFS. WTF are you doing?

You are loosing your money plus your boet's and and the other family members money.

gcr · « **Reply #95 on:** July 17, 2013, 11:34:48 pm »

Quote from: Orca on July 17, 2013, 07:29:58 pm

NO no. jaDEB.
BIL went up lekka today but will go down just as lekka tomorrow.
Leave gold and ALL resources alone now. Start making money FFS. WTF are you doing?
You are loosing your money plus your boet's and and the other family members money.

Orca - nothing wrong with BIL I have been buying up small parcels when ever they dip - I think that most shares are pretty volatile and have been ever since May. I have been buying in the R 274 range but if it dips below this level I will buy more - but my ceiling is that I don't want to invest more than 15% in any one counter and it is sitting at 12% currently. I do think that one needs to steer clear of the small miners until labour unrest stabilises - I see Village will now start firing their staff

jaDEB · « **Reply #96 on:** July 18, 2013, 03:48:11 pm »

Dammit, SGL up 5%.

Patrick, do I win a Gold bar or Bar1 when I win the investorchallenge ?

Orca · « **Reply #97 on:** July 18, 2013, 08:08:31 pm »

Quote from: gcr on July 17, 2013, 11:34:48 pm

Quote from: Orca on July 17, 2013, 07:29:58 pm
NO no. jaDEB.
BIL went up lekka today but will go down just as lekka tomorrow.
Leave gold and ALL resources alone now. Start making money FFS. WTF are you doing?
You are loosing your money plus your boet's and and the other family members money.
Orca - nothing wrong with BIL I have been buying up small parcels when ever they dip - I think that most shares are pretty volatile and have been ever since May. I have been buying in the R 274 range but if it dips below this level I will buy more - but my ceiling is that I don't want to invest more than 15% in any one counter and it is sitting at 12% currently. I do think that one needs to steer clear of the small miners until labour unrest stabilises - I see Village will now start firing their staff

Here is BIL. Doing nothing. Trading only. No long term gains.

Orca · « **Reply #98 on:** July 18, 2013, 08:13:30 pm »

Now what would you choose? Indi as an average performer or BIL?

jaDEB · « **Reply #99 on:** August 21, 2013, 08:10:17 am »

Is SGL looking good again?

yozzi · « **Reply #100 on:** August 30, 2013, 11:46:05 am »

With the supposed upcoming gold miners strike would you be selling your gold shares now before they are affected by the strike? Do you see the shares going down quite a bit?

jaDEB · « **Reply #101 on:** August 30, 2013, 12:19:25 pm »

My 2c, I do not have gold shares.

I think the strike is all ready in price.

The shares has had a good run due to Gold going up.

Going from here up/down is anybody guess. Very volatile

jaDEB · « **Reply #102 on:** November 26, 2013, 05:46:45 pm »

SGL down 8.33 % ....

Glencore Xstrata plc (GLNCY) down 3% in where ever ....

Orca · « **Reply #103 on:** November 26, 2013, 05:57:58 pm »

ja nee DEB. The never ending story of Resources and Commodities. That is why they are for short term trading only.

jaDEB · « **Reply #104 on:** November 27, 2013, 11:09:10 am »

In accordance with section 122(3)(b) of the Companies Act, No. 71

of 2008 and section 3.83(b) of the JSE Limited Listings

Requirements, shareholders are hereby advised that Sibanye Gold

has received formal notification from Investec Asset Management

Holdings Proprietary Limited (“IAM”) that IAM, in aggregate, has

acquired, on behalf of various non-discretionary clients, an

additional interest in the ordinary shares of the Company.

Accordingly, the total interest in the issued ordinary shares of

Sibanye Gold held by “IAM”, now amounts to 15.0241%.

Share Forum - Discuss JSE shares and join the Investor Challenge