Cool, I can make the first thread post here!Currently I am looking at getting/speculating on some junior mining stocks.There are a few factors that need to be taken into consideration and I would like to know what others think about these.1) Non American/Canadian/Australian based juniors may if the world economy tanks face a serious risk of being nationalized and thus the host country taking over 50% of ownership. How real is this risk? It’s happened to oil companies before.2) How to determine if/when a junior is likely to make it into the production phase, given rising fuel costs which are a major operating expense, I think this could run some of them broke, if their finances aren’t big enough for this.3) A lot of these juniors have huge numbers of indicated and inferred ounces in their prospectus, how to know if it’s not just a bunch of baloney and if accurate, what are their chances of making it through to production ie: what are the KEY indicators to look at.4) These juniors interest me, does anybody have an opinion about any of them?PEM.V
Premium Exploration, IncMXI.V
Merrex Gold, IncOCO.V
Oroco Resource Corp.CTG.V
Global Minerals Ltd. -> I like this the bestPGLC.OB
Pershing Gold Corporation -> Formerly SagebrushEPZ.V
Esperanza Resources Corp -> Suppoused to be a takeover targetThat’s all.Sweeves
I have heard good things about both PEM and EPZ, but I have not followed either closely in about 18 months. Great Panther is another slightly larger junior that I have owned previously.
I’ve gone with :PVG HLLXFWhich I think are quality plays and have paid off handsomely, And then my speculatives are which of course i just continue to double down in undervalued territory.CGJCFFVGCFI’ve heard good things about Esperanza and have been following, Just waiting for the under water buy order to hit.
Must say I hear good things about miners constantly. Even though I attended the 2011 Silver Summit and was surrounded by miners and miner info—-I’m not there. Not into it
at all. Stop reading or listening as soon as the subject goes that way.
Be happy to hear why someone thinks I’m missing the boat and/or have
someone tell how easy it is to begin….but if ya ask me way too much time goes
into miners–which I understand is terribly under valued—but still paper.
4 oz I agree, I personally prefer to hold physical silver above any paper. On the other hand, our silver miners need money to be able to function, so holding silver mining stocks is the only paper silver activity that I condone to some extent. I however, with my very limited South African-based budget, will continue to stick to physical silver.
I’m like 4 oz. and silverbullion…I just can’t get into miners and have only been into physical. I keep telling myself that while silver is warm and safe, it’s the mining shares that will catch fire. Then on the other hand mining shares are just a better grade of paper. If things get bad then shares would do great. If they get really bad then paper is meaningless and physical will be better. If things get VERY VERY bad then it doesn’t matter which. Better to have some cases of Mountain House, a few cases of Scotch, some seeds, a place in the sticks and a 12 gauge. Just saying…
I have been watching and trading in and out of Tinka (TK.V) since SGS and TFV have been commenting on them for the last couple years. I read both of their blogs daily. I don’t do much stock gambling but my wife does have a small account that I gamble with. It’s kinda like buying a lotto ticket, because you never know when your walking around lucky.
Okay….so finally caved.
Even though I know zip about miners, and seriously it bores me to death all
the miner talk, and vids….went out last week about bought 50 shares of Franco
Nevada.
‘Corse I buy on Wednesday and on Thursday it drops 5%….lol
Anyway, thinking I need to keep learning…and there is NOTHING like having
skin in the game— to learn….
I have no problem with holding mining shares, the key is doing due diligence. You do not want to own miners that have exposure to regions of the world apt to be nationalized, eg, Peru, Bolivia, and some nations in Africa. I think that the jurisdictions of Canada, Mexico, and the US are sound – l cannot see them nationalizing tracks of land, BUT l can envisage them screwing the miners with one-off ‘special’ taxes or just increasing the corporate tax rate for them. I am in Agnico-Eagle and GoldCorp, and l trust their size and management skills. I was in Pretium Resources and Hellix Ventures but l took profit on them. Dollar/penny stocks are for suckers. Due your due diligence and have confidence in what you do – that way you wont get bumped out of your position if the shares head south.
All mining matters are catching fire during extraction. This is the reason to keep apply safety steps that will save life of the miners.
I attend expo last time where spoke person impose on safety matters. I seemed that there are lots of simple tips and steps which can be used to minimize unwanted actions.
joinery gold coast