So Ya Wanna Talk Gold

adrian ss Wed Nov 13, 2019 11:49 am

Hey Reg!
What do you think of this??

Newcrest may open gold mill to juniors. In "The Australian" this morning.

Sounds good to me.

joe82 Wed Nov 13, 2019 4:50 pm

ha like it mate Cool

adrian ss Thu Nov 14, 2019 6:48 am

They definitely know what they are doing.
https://www.newcrest.com.au/about-newcrest/our-company

https://www.newcrest.com.au/

https://www.newcrest.com.au/our-assets/asset-overview

https://www.newcrest.com.au/careers/working-newcrest

A bit of general info that is interesting.....If you read it all.
https://www.mining.com/web/juniors-are-the-answer-to-gold-industry-challenges/

tony p Thu Nov 14, 2019 9:11 am

One of the interesting things about the last downturn...say...5 years ago????....was the price of cartage and drilling and everything mining related
dropped considerably. Traditionally juniors are looking for 100 000oz deposit or larger and rarely do btw...but occasionally come up with 5's and 10's etc.
Because costs were dropped last downturn, a number of these "uneconomical' shows were mined with success. Also, a couple of new players emerged whose strategy was to get in, mine small deposits and get out. I guess they adapted to the times??? As for toll treating ore...it's nothing new and companies are often looking for mill feed and opportunities to make money out of you.

moredeep Thu Nov 14, 2019 6:02 pm

A couple of years ago I decided to have a go at the stock exchange,I WANTED A GOLD MINE! Laughing

I bought some shares in gold road resources,there going ok and some in gascoyne resources they have gone pear shaped Laughing

I was a minnow in a very large pond.
It opened my eyes to the world of the ASX, massive daily buying and selling, hundreds of thousands of shares,if not millions Shocked

It was like watching Piranaha fish, the shares would rise and then whammo a feeding frenzy and down they'd go again.
My pear shaped shares got put on ice and I,m waiting for the company to do something to get back into the good books with the ASX, the company is still producing gold though?
Hopefully some big fish[newcrest] will swallow my little fish [gascoyne] and I'll be RICH Laughing

It's has been fun reading all the reports ,geo data and looking at the site maps checking out the grams per tonne at the different level in the pits.
As the old saying goes, put in only what you are prepared to lose and for me that was stuff all in $ terms which makes it more enjoyable .

cheers moredeep

tony p Thu Nov 14, 2019 6:34 pm

yep....I get eaten alive on the odd occasion Lisa and I dive in to the share market....unfortunately I am naive enough to think that
what is actually in the ground is whats important....nothing could be further from the truth.

adrian ss Thu Nov 14, 2019 6:39 pm

I know the feeling .
I bought into gold quite a while back. Made 250% in two years and then sold it. Much better than bank interest though. Very Happy

https://www.gascoyneresources.com.au/wp-content/uploads/2019/08/190805-Becoming-a-substantial-holder.pdf

https://www.gascoyneresources.com.au/wp-content/uploads/2019/11/191031-September-2019-Quarterly-Activities-and-Cash-Flow-Report.pdf

https://www.gascoyneresources.com.au/investor/asx-announcements/2019-asx-announcements/

Reg Wilson Thu Nov 14, 2019 7:18 pm

Over the years I have seen mining companies rise and fall. It's all a gamble, and the only gamble I am willing to take is on my own research and prospects. The game of 'other peoples money' leaves me cold.

moredeep Thu Nov 14, 2019 8:06 pm

It's fascinating ,but it boils down to people in suits and skirts sitting in front of multiple screens playing games with my/our money.
I somehow find it strangely amusing that it goes on day in and day out right around the world, including all our superannuation contributions feeding the beast that's called the stock exchange. affraid

cheers moredeep

adrian ss Fri Nov 15, 2019 7:57 am

I don't think that the super funds invest our super in gold on the share market.
Self funded retires could do that by buying physical gold but it is a long term investment.
Gold deposits are thinning out fast. What happens when the big mines start shutting down? ......Maybe he who has the most gold will control everything..

https://www.abcbullion.com.au/superannuation-SMSF

Which countries own the most gold?
Some of these might surprise you.

https://www.lovemoney.com/gallerylist/69880/which-countries-really-own-the-most-gold

.

tony p Fri Nov 15, 2019 9:23 am

adrian ss wrote:I don't think that the super funds invest our super in gold on the share market.
Self funded retires could do that by buying physical gold but it is a long term investment.
Gold deposits are thinning out fast. What happens when the big mines start shutting down? ......Maybe he who has the most gold will control everything..

https://www.abcbullion.com.au/superannuation-SMSF

Which countries own the most gold?
Some of these might surprise you.

https://www.lovemoney.com/gallerylist/69880/which-countries-really-own-the-most-gold

Where does Australia fit in on that list???
.

tony p Fri Nov 15, 2019 9:31 am

Reg Wilson wrote:Over the years I have seen mining companies rise and fall. It's all a gamble, and the only gamble I am willing to take is on my own research and prospects. The game of 'other peoples money' leaves me cold.

I agree..........years ago I was showing a geo over a tenement package.....I was younger...he was older....he said to me at the time that what we had
was enough to float a company on and was some of the most exciting ground he had seen. He then went on to say....words along the lines of..."but you know, Lisa and you could sit here for the next ten years and quietly dig gold up and do very well"

I did not know it at the time but I was getting an education.....it made me think about what we wanted out of the ground we worked and what sort of prospectors we wanted to be. Floating companies is not our thing...chasing gold in the ground is....a much better way to pass time on planet earth.

moredeep Fri Nov 15, 2019 9:59 am

I think super funds have their tentacles in almost every thing Adrian,substantial holders in gascoyne [form 603 of the download] is colonial first state.
They acquired the shares when they were at rock bottom,now I guess they are waiting for the ASX to lift the suspension & let them trade again, then they'll basically sell straight away as Gascoyne shares have a fair trading value of 8 cents,they will double there money instantly if the suspension is lifted,it's a gambling industry.

cheers moredeep

adrian ss Fri Nov 15, 2019 11:57 am

tony p wrote:
Reg Wilson wrote:Over the years I have seen mining companies rise and fall. It's all a gamble, and the only gamble I am willing to take is on my own research and prospects. The game of 'other peoples money' leaves me cold.

I agree..........years ago I was showing a geo over a tenement package.....I was younger...he was older....he said to me at the time that what we had
was enough to float a company on and was some of the most exciting ground he had seen. He then went on to say....words along the lines of..."but you know, Lisa and you could sit here for the next ten years and quietly dig gold up and do very well"

I did not know it at the time but I was getting an education.....it made me think about what we wanted out of the ground we worked and what sort of prospectors we wanted to be. Floating companies is not our thing...chasing gold in the ground is....a much better way to pass time on planet earth.

Yes it is tempting to sit on a good claim and work it for as little cost as possible and all the profit is yours. There is no need to sell to a mining company. It is when the gold starts going deep into the ground that things can get a bit costly and complicated by regulations.

Or you can just work it without staking a claim. You then have the problem of somebody else working the same ground. Aside from jumping up and down and yelling at them and sooling the dawgs on em, there is not much you can do. If that particular somebody also decides that it is good ground and pegs it legally then you would have to leave.

adrian ss Fri Nov 15, 2019 12:26 pm

Reg Wilson wrote:Over the years I have seen mining companies rise and fall. It's all a gamble, and the only gamble I am willing to take is on my own research and prospects. The game of 'other peoples money' leaves me cold.

I guess I am like that a bit Reg.
I thought that if I have to borrow from somebody in order to achieve a goal then I can't afford it so I have never borrowed what I could not pay back in a particular time frame.
But even the big boys were once little boys and if they found a good gold deposit and suspected that the gold was profitable big time then core sampling and assays and surveys and all sorts of stuff were necessary in order to prove it then that is when borrowing becomes necessary. Costs money to make money.
I have never been a power seeker and so I have kept everything simple and manageable....Probably why I am still broke . Rolling Eyes

pablop Fri Nov 15, 2019 1:13 pm

tony p wrote:
adrian ss wrote:I don't think that the super funds invest our super in gold on the share market.
Self funded retires could do that by buying physical gold but it is a long term investment.
Gold deposits are thinning out fast. What happens when the big mines start shutting down? ......Maybe he who has the most gold will control everything..

https://www.abcbullion.com.au/superannuation-SMSF

Which countries own the most gold?
Some of these might surprise you.

https://www.lovemoney.com/gallerylist/69880/which-countries-really-own-the-most-gold

Where does Australia fit in on that list???
.

Australia looks like it has less than 80 tonnes.

adrian ss Fri Nov 15, 2019 9:15 pm

We are small fry on the world gold reserve scale.
Or maybe we are flogging off our gold reserves to who knows where.. Now why the hell would we do that?

https://tradingeconomics.com/australia/gold-reserves

So Ya Wanna Talk Gold

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IT's a gamble.

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