Club Mulgoa

Monday, November 26, 2012

Gold

POG is over USD$1700 per oz and for most gold miners, it costs around USD$800 per oz to produce the ingots.  While the POG has been rosy, the share price of gold miners, including producers, have been tumbling.  How investors think is simply mind boggling.

Today in The Australian, one journalist reports that OCG and RRL will be generating strong cashflow, while MML, PRU and GRY might be tasty for acquirers.  And lots of cash is going to be produced yet with all these figures, investors are shunning gold stocks.  These are only 5 stocks but there are many, many more!  Just make sure Uncle Wayne and Aunty Julia do not go sniffing around like male dogs when a bitch is in heat.

0 Comments:

Post a Comment

<< Home