Welcome Guest [Log In] [Register]


Reply
Another Sea of Red for Aussie Markets; Australian shares took another big hit as blue chips plunge
Topic Started: 1 Sep 2015, 07:13 PM (13,779 Views)
Poontang
Member Avatar


hidflect
23 Sep 2015, 04:55 PM
Little birdie told me SBM is going to over $1. I'm holding with 70,000 as I don't want to miss that boat. Currently at 82.5.
By the end of the decade, maybe even double or triple that.

I had 400000 bought at .125 each in my super. Sold 200000 of them at .35 and sat on the rest. Bought GOR and BDR with the proceeds.

Sold 50000 more SBM and bought another 150000 BDR
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


hidflect
23 Sep 2015, 04:55 PM
Little birdie told me SBM is going to over $1. I'm holding with 70,000 as I don't want to miss that boat. Currently at 82.5.
what will you do at $1? Sell or hold?
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
John Frum
Member Avatar


The Whole Truth
23 Sep 2015, 07:12 PM
A lot of analysts not on the payroll of the big media are predicting this years action to be the next GFC event.

You mean John Frum? or Foxbat?
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


The Whole Truth
23 Sep 2015, 07:12 PM
A lot of analysts not on the payroll of the big media are predicting this years action to be the next GFC event. We entered a bear market for stocks in 2000 but the markets were never allowed to clear, we had one more boost up to over 6000 and the US to 18000 but it's all speculation, the underlying companies are worth nothing like the prices they fetch even today.



Haven't we already named it the Eastern GFC?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
hidflect
Member Avatar


Poontang
23 Sep 2015, 11:43 PM
By the end of the decade, maybe even double or triple that.

I had 400000 bought at .125 each in my super. Sold 200000 of them at .35 and sat on the rest. Bought GOR and BDR with the proceeds.

Sold 50000 more SBM and bought another 150000 BDR
I've worked inside SBM and have been FIFO onsite in Leonora. They're pulling 16-20g/T. You can be sure I quizzed every Geo Engineer on every angle. It's actually all in their prospectus. They aren't exaggerating at all. Beadle and Gold Road are operating at less than 2g/T leaving them very exposed to capital cost increases. Funny thing though, almost no one in SBm thinks gold is really worth a pinch of sh1t but so long as people are willing to buy the stuff, who are they to refuse?
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Looks like the market might finish in the red again. Been a bad couple of weeks for the punters I am afraid.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
Poontang
Member Avatar


hidflect
24 Sep 2015, 10:41 PM
I've worked inside SBM and have been FIFO onsite in Leonora. They're pulling 16-20g/T. You can be sure I quizzed every Geo Engineer on every angle. It's actually all in their prospectus. They aren't exaggerating at all. Beadle and Gold Road are operating at less than 2g/T leaving them very exposed to capital cost increases. Funny thing though, almost no one in SBm thinks gold is really worth a pinch of sh1t but so long as people are willing to buy the stuff, who are they to refuse?
I like SBM, that is why I am keeping 150000 of them.

Quote:
 
Beadell Resources Limited (“Beadell” or “the Company”) is pleased to give an update on various operational developments.
Duckhead Mining Commencing
The high grade Duckhead Stage 3 cutback will now commence following receipt of the necessary approvals. This will contribute and add ~20,000 low cost ounces at 28.7 g/t gold to Beadell’s production profile in the first quarter of CY2016.
Second Half 2015 Guidance
In line with previous guidance, as a result of the 20,000 ounces from Duckhead being deferred to the first quarter of CY2016, second half 2015 gold sales of 65,000 – 80,000 ounces and AISC between US$850 – US$950 per ounce are expected. This will enable cash reserves to be built up as the half year progresses. Ore and waste movement are currently at budgeted levels.
Urucum Underground Pre-Feasibility Study
New results have been received from drilling at Urucum underground, including the highest grade intercept yet recorded there of 15.45 m @ 17.19 g/t gold, including 4.27 m @ 55.97 g/t gold in FD1417 (see Table 1, Appendix 1). This result is particularly important as it confirms the continuity of the high grade Central Lode 1 ore shoot, which has now been defined over approximately a 400 m strike length. Re-modelling of the Urucum underground resource has commenced and will to be completed during the current quarter.


Next year looks very promising for BDR on a rising gold price and falling AUD.

GOR I see more as a takeover target in the short to medium term.

EVN is appealing too.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


The Whole Truth
25 Sep 2015, 02:42 PM
Looks like the market might finish in the red again. Been a bad couple of weeks for the punters I am afraid.
:lol And almost immediately as you posted that the index popped up into the green! Classic, again! It's more likely to be a pretty flat close today I think - maybe slightly up or down.

On a more serious note, there have now been 4 attempts in this correction for the index to get to and stay below 5000, with strong support being evident even in the presence of negative offshore leads. It is looking increasingly unlikely that 5000 support will be broken IMO - ie it is likely (but not certain!) that we have seen the bottom of this years correction now (and as previously posted a 15%+ correction was likely due this year or next on pure technical & history). Although we still have to get through October..... :hmm:
Edited by Sydneyite, 25 Sep 2015, 05:25 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Sydneyite
25 Sep 2015, 04:21 PM
:lol And almost immediately as you posted that the index popped up into the green! Classic, again! It's more likely to be a pretty flat close today I think - maybe very slightly up or slightly down ( a few points).

On a more serious note, there have now been 4 attempts in this correction for the index to get to and stay below 5000, with strong support being evident even in the presence of negative offshore leads. It is looking increasingly unlikely that 5000 support will be broken IMO - ie it is likely (but not certain! (and as previously posted a 15%+ correction was likely due this year or next on pure technical & history). Although we still have to get through October..... :hmm:
"It is looking increasingly unlikely"....."IMO"..... "- ie it is likely (but not certain!) ) that we have seen the bottom of this years correction now"

Among my circles, I fortunately don't have to put up with this kind of emptiness, except in jest.
Profile "REPLY WITH QUOTE" Go to top
 
Dexter
Default APF Avatar


Terry
25 Sep 2015, 04:35 PM
"It is looking increasingly unlikely"....."IMO"..... "- ie it is likely (but not certain!) ) that we have seen the bottom of this years correction now"

Among my circles, I fortunately don't have to put up with this kind of emptiness, except in jest.
Well Terry. What do you invest in. What are you going to use to fund your retirement. What is your 100% fail safe asset.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy