Q: Any updates/outlook on Scorpio Gold SGN. Thanks.
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Investment Q&A
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Q: Peter,
Was hoping to get your comments on Kirkland Lake Gold. This is a company that seems to have a lot going for it but the stock has been sliding and today it got hammered. I don't really see anything to shake my confidence in the company other than typical project/operational type issues. Am I totally lost here or is thing getting hammered unreasonably? I'd imagine its getting hit by tax-loss selling too.
Was hoping to get your comments on Kirkland Lake Gold. This is a company that seems to have a lot going for it but the stock has been sliding and today it got hammered. I don't really see anything to shake my confidence in the company other than typical project/operational type issues. Am I totally lost here or is thing getting hammered unreasonably? I'd imagine its getting hit by tax-loss selling too.
Q: Hi Peter,
What are your thoughts about NUS which is at an all time low? They have more cash then the current share price and are suffering from government interference. Is it worth buying here? Thanks
What are your thoughts about NUS which is at an all time low? They have more cash then the current share price and are suffering from government interference. Is it worth buying here? Thanks
Q: hello 5i:
I've read the one question there was on DNG, in October. Wonder if anything has changed for your outlook (I realize this is a very short time lag, but.......). Here's what I have read about them:
As an ore processor alone, Dynacor is a great value play. It is currently trading at less than 0.5x sales, with a ROE of 36.01%, a current P/E of 6.67, and trade roughly at the net market value right now. This translates into a very efficient use of current assets that generate a return far superior to many other avenues in which a retail investor can invest. It's also a growth story - Dynacor has increased its daily ore processing capabilities to 220t of ore per day, and is self-financing the expansion of another processing facility. That translates into at least 50,000 ounces of gold processed for 2012 (revised up to 58,000 this month), with the new facility increasing expected production up to 100,000 ounces of gold for 2014. Its latest month saw over 6,000 ounces of gold and 14,000 ounces of silver processed, for sales of over $10 million. If monthly production is maintained or increased, Dynacor is trading at a mere 0.3x sales and an annual net profit closer to $0.28/share with four quarters at current operations, leaving Dynacor trading at a forward P/E of roughly 4.3. In other words, dirt cheap.
Very interested in this company, particularly since you say management is very good. Your opinion please.
Paul
I've read the one question there was on DNG, in October. Wonder if anything has changed for your outlook (I realize this is a very short time lag, but.......). Here's what I have read about them:
As an ore processor alone, Dynacor is a great value play. It is currently trading at less than 0.5x sales, with a ROE of 36.01%, a current P/E of 6.67, and trade roughly at the net market value right now. This translates into a very efficient use of current assets that generate a return far superior to many other avenues in which a retail investor can invest. It's also a growth story - Dynacor has increased its daily ore processing capabilities to 220t of ore per day, and is self-financing the expansion of another processing facility. That translates into at least 50,000 ounces of gold processed for 2012 (revised up to 58,000 this month), with the new facility increasing expected production up to 100,000 ounces of gold for 2014. Its latest month saw over 6,000 ounces of gold and 14,000 ounces of silver processed, for sales of over $10 million. If monthly production is maintained or increased, Dynacor is trading at a mere 0.3x sales and an annual net profit closer to $0.28/share with four quarters at current operations, leaving Dynacor trading at a forward P/E of roughly 4.3. In other words, dirt cheap.
Very interested in this company, particularly since you say management is very good. Your opinion please.
Paul
Q: I am looking to invest into AEM since their last report. Average price 53 dollars. My question is this company is well managed and what rate do you give to the company. We here alot about price of gold hitting higher with the world economy. Is this company a safe bet for a medium to long term investment
Q: Hi Team, please give me your updated opinion on Osisko at this price level. I have some and am thinking of buying some more at the current levels. Thank you in advance.
Q: I would appreciate some clarification about amount of gold exposure. In your answer to a previous question about gold you suggested always having some gold as a sort of insurance and I would like to follow that advice. Your suggested amount for now (22/Nov/12) was 10% or 15%. Would that be a percent of total portfolio (i.e including fixed income) or only of the equity/growth portion?
If one already owns a senior gold company would it be more prudent to add some gold bullion using a mutual fund or ETF, or would you still suggest sticking with more gold stocks?
Thank you.
If one already owns a senior gold company would it be more prudent to add some gold bullion using a mutual fund or ETF, or would you still suggest sticking with more gold stocks?
Thank you.
Q: I am a holder of NES. Do you like this gold company - should I keep it?
Q: Hi Peter, I bought DGC (Detour Gold) about a month ago and i see that the stock has been dropping daily, recently. Would you care to comment? Thank you, Ilesh
Q: These are small plays by your standards but looking for a Yukon Gold play and narrowed it down to following 3.
Which represents the safest yet highest growth potential.
Also any insight into either would be appreciated.
GPD,SMD,& VIT.
Thank-you
Which represents the safest yet highest growth potential.
Also any insight into either would be appreciated.
GPD,SMD,& VIT.
Thank-you
Q: Peter, I own VG formely Yukon Gold. They seem to be making progress with production, would you hold as my price for breaking even is $3.75
Q: Do you have any opinion on EVG, Evolving Gold? So far the evelution on evg has been quite negative. Is there hope for the future? thanks
Q: I have a large position in a rsp for sgc, sundridge gold, any news or updated insights. No tax loss selling advantage so would sell anyways at this point? Thanks so much for the expert advice as always
Q: Hi Peter and 5i team, A while ago, you answered a question on gold. I am very much in agreement with your reasons for holding gold and also what to hold. However, you likened gold to insurance and suggested to have some always. That suggests a permanent typa deal. For long periods (20-25 years stretches), gold could be a drag on the portfolio. I intend to get out of it once the threat of banking collapse, hyperinflation/currency-debasement and turmoil in global money system all subside. Are we so different on this point?
Q: Ric Richmont continues to drop in price. Is there any news that is affecting the stock negatively? I own shares at much higher prices in my RSP. Should I be selling or buying more. Thanks for ongoing excelent advice.
Q: What is your opinion of Alexco Resource. If it is positive, then what is a reasonable entry price for their stock. Thanks Larry
Q: MMP.UN
The manager is a great stock picker in the gold space and from what I can see they have never discontinued payments. If you lay the 5 year weekly of the HUI over MMP.UN they are very similar. It looks like an interesting way to play a rise in gold shares, with a huge yield (currently 17%). Current NAV is $6.18 - units are trading for about $7.00. With tax loss selling in full swing in the gold space - would you recommend this one for investors interested in gold + yield?
Thanks so much for your time!
The manager is a great stock picker in the gold space and from what I can see they have never discontinued payments. If you lay the 5 year weekly of the HUI over MMP.UN they are very similar. It looks like an interesting way to play a rise in gold shares, with a huge yield (currently 17%). Current NAV is $6.18 - units are trading for about $7.00. With tax loss selling in full swing in the gold space - would you recommend this one for investors interested in gold + yield?
Thanks so much for your time!
Q: I have heard different opinions. Is MNT a good way to hold phsical gold? Thank you for your guidance.
Q: Is MUX a buy at this time. Great advice and info, thanks
Q: Further to the previous questions on gold, I understand that you prefer senior gold companies over junior ones; and prefer dividend paying gold producers over holding the bullion itself. Given this, I would like to ask how you think a royalty company fits into the mix. As a hedge against inflation, would a royalty company (i.e. Franco Nevada) be preferable to senior gold producer (i.e. Barrick Gold) or would the two types of companies complement one another in this scenario? Thanks.