RE:RE:RE:RE:RE:RE:Insider buying at PVG...Pretium Resources...Another good one for you passionate although not in your geographical boundaries:
ALACER GOLD (been in and out of this one for years) but now
down 5.3 % today dirt cheap at $ 2.13 CAD, yes it is in Turkey, but no miners have had trouble really in Turkey as far as I can remember.
It's harder to do business in a Euro country like GREECE (look at Eldorado's press release today as they suspend ALL GREECE OPERATIONS!!! Insane).
So Alacer's expansion is 50 % complete now - in reference to its Sulfide Expansion Project - that will yield a 20 year mine life at like $ 750 AISC and fully funded to project completion. They already stockpiled 800,000 oz. that will be put through the sulfide system to recover these 800 K oz.
Q3 2018 is FIRST GOLD POUR...less than a year from now. They generate NET INCOME every quarter and still have $ 202 M cash on hand..i.e. why they are fully funded. I don't get the $ 2.13 at all, high is $ 3.00 in Feb and spot gold is the same level! Top takeover target for me would be Alacer once Sulfide Project is a little more advanced maybe 75 % completed. This company is seriously overlooked by the everyday retail investor.
JIN JintsuGehan wrote: Another "should have"..but didn't get in. Especially after they announced the good progress a couple months back w/ Rainy River project. Thank God NGC is turning around. RIC I was looking at as well early August at $ 9.70 after you mentioned it + being a Quebecer. But the whole deal is very odd with Alamos. RIC should have remained as is & shareholders would have been better off for sure. BOD obviously has the votes though. Alamos down 15 % almost now - terrible!
passionatepiper wrote: Good analysis. Any other names in the first world that you follow or like?
Now that I sold my RIC and started another position in KLDX I only hold 4 names
KLDX, PVG, KL and NGD
NGD is a big turnaround story