Money and Finance
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Jack Schwager On Gold
From Hedge Fund Market Wizards: “Many years ago, when I was a commodity research director, I would totally ignore gold production and consumption in analyzing the market. I would base any price expectation entirely on such factors as inflation and the...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Phillip Morris (pm) Dividend Stock Analysis
I'm surprised I haven't posted an analysis on Phillip Morris yet, but somehow it's slipped through the cracks. Phillip Morris is only a dividend challenger, but going back to the days of being part of the beast that included Kraft and Altria,...
-
Gold Resource Corporation Reports September Monthly Dividend Gold Resource Corporation (NYSE: GORO) announced its monthly instituted dividend of $0.01 per stock for the month of September, which is payable to investors on October 23, 2014. September's...
Money and Finance
Gran Colombia Gold Corp. (TSX:GCM)
For those that may be interested in a more speculative gold play (traded in Canada and on the Pink Sheets under the symbol TPRFF), below is an excerpt from Chris Mayer’s book, World Right Side Up. The book was published in early 2012, so I’m not sure if all of this is still up-to-date, but the latest company presentation is available HERE. I don’t own any shares and don’t know much about the company, but the story seemed interesting enough to mention, and the stock has come down quite a bit.
El Dorado is one of my favorite historical Colombian stories. But there is a modern gold boom that echoes these past desperate efforts. As the New York Timesreported:
The gold rush here is just a part of a broader mining boom in Colombia, with gold production climbing more than 30 percent last year and attracting an array of fortune seekers, from multinational corporations to farmers who have left their fields and picked up shovels.
Over 40 international mining companies were poking around Colombia's steamy basins looking for gold in 2011. By the end of 2012, Colombia could be at a run rate of 2 to 3 million ounces of gold annually—more than double what it produced in 2009. Miners are putting billions to work in Colombia to get its gold.
This is a nod to the world right side up, as Colombia was South America's largest gold producer until 1937. It has a long way to go before it catches Peru, the current leader. But Colombia could become a top-10 global gold producer in the next few years. As it is, Colombia ranks twenty-first in the world in gold production.
…
One of my favorites is the largest Colombian gold miner, Gran Colombia (GCM:TSX).
…
Serafino really stressed to me the importance of political and cultural factors in mine building in Latin America. “The mine is simple,” he said. “The harder part is convincing the politicians and the local people that you aren't here to take away jobs and mess up the environment.” That is why hiring CEO Araújo was so important. As mentioned, she has a star-studded resume. “She is a superstar over here,” Serafino told me. Family members have held the posts of minister, governor, and senator. She is a great asset at this stage in the company's development. In addition to political connections, it is important to have size and clout.
…
As Gran Colombia ramps up production here, it will impossible for the market to ignore it. If Gran Colombia comes anywhere close to its goals over the next year, ramping up from 100,000 ounces in 2011 to 600,000 ounces by 2016, the stock will soar.
I should mention the free option in silver. Gran Colombia has nearly 60 million ounces of silver at Marmato. “There's a billion dollars' worth of silver here,” Serafino said.
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Jack Schwager On Gold
From Hedge Fund Market Wizards: “Many years ago, when I was a commodity research director, I would totally ignore gold production and consumption in analyzing the market. I would base any price expectation entirely on such factors as inflation and the...
- Near Record High Gold/xau Ratio Prompts Buying In Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another...
- Phillip Morris (pm) Dividend Stock Analysis
I'm surprised I haven't posted an analysis on Phillip Morris yet, but somehow it's slipped through the cracks. Phillip Morris is only a dividend challenger, but going back to the days of being part of the beast that included Kraft and Altria,...
-
Gold Resource Corporation Reports September Monthly Dividend Gold Resource Corporation (NYSE: GORO) announced its monthly instituted dividend of $0.01 per stock for the month of September, which is payable to investors on October 23, 2014. September's...