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SEDI_bot GoldQuest Mining Corp. $GQC just filed 1 reports. View full report: SEDI:GQC
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@HHorseman Hey! I did ran correlations for some of the most watched gold companies here on CEO. I will probably add more later. http://www.thehedgelesshorseman.com/gold/look-gold-miners-correlation-numbers/ It would be interesting to run simulations to see if a low correlation portfolio would have had a better risk adjusted return than a high gold beta/ high correlation portfolio, but that is for another time. (A high correlation number between two stocks imply that they move very much in tandem and vice versa). I personally own quite a few stocks that seemed to have low correlation with GDX/GDXJ... My portfolio did not keep up with the Q1 rally in the mining indices. Since then I have added a small position in 3x Bull/Bear GDX depending on where I think we are in the intermediate cycle. This has worked out pretty well so far, since my core portfolio (100% long) was up the last couple of days while my 3x BEAR GDXJ/GDXJ ETF' also showed profit. Anyway, do not read too much into these correlations IMHO for the reasons specified in the post, but it may be a tool to lower portfolio volatility. $SSP $NVO $ORG $SWA $GQC $IDM $SBB $CNL #Gold
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@Bimbeebop Question is WHEN LePen wins the French election, will the euro tank causing a domino effect in the markets. Gold could gap to the upside? $TGZ $GQC $SSP $MXL
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@DJS @Bimbeebop In Euro terms, no question. But likely not in USD terms as more European money will flock to it as a safe haven and will push it up.
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@Bimbeebop @DJS Good point
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SEDI_bot GoldQuest Mining Corp. $GQC just filed 1 reports. View full report: SEDI:GQC
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@Onlyflaws We had almost 4X the avg volume yesterday and looking to open up. Something cooking or sellers just exhausted?
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@Andrew @Onlyflaws I believe there were 2 cross trades completed through Cormark Securities for 919,000 shares. $GQC
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@Onlyflaws Thanks @Andrew for the info.
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@DJS Sold my $MARL near the close and put the profits into more $GQC. Agnico Eagle thinks it's worth (much) more than 0.60, and so do I. And I can buy it at 25% less than Agnico paid? Sign me up.
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@kjm Need lots of patience to own GQC @DJS. Maybe you'll be lucky and it will break out of its two month downtrend.
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@DJS Depends how you define patience, @kjm. Lots to like about $GQC. Here are a few: As @MiningCatalyst noted above, it's seen by many as a takeover candidate. For under $100M MC, it has an existing resource with an NPV of over $200M, and it just hit a new discovery hole with 60 metres of pretty shallow polymetallic rock that comes in at over $1000/tonne. And it has many other promising VTEM anomalies in the same trend that it is actively drilling right now. I see excellent value here with a bunch of upcoming catalysts. Will most of them disappoint? No doubt. Will some of them start to show that this area has a large resource across it? I'm obviously betting they will.
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@Onlyflaws Agreed @DJS. There will surely be misses on the way while they try to understand the area. Patience is something thats needed in every stock, unless you have expectations like in the hotpick group where the average holding period is 2 minutes.
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@kjm Gqc I agree has a lot of potential, just pointing out it's dismal performance of the last two months. One would expect it to be a leader not a laggard. I am long the stock.
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anonymous with these prices.. #loadup the truck
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@AldenTyrell Chart looks ugly. Will watch from the sidelines.
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@LucTenHave I bought more $gqc today. One of the few juniors with a very high quality development project + a district play for exploration.
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@LucTenHave Looking to buy more if it goes lower
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@DJS Bought more as well. Now at 200,000 shares.
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@HHorseman Btw, I put up my Watchlist sheet from google docs on the site. It's a bit crammed but one can use the scroll at the bottom. It's still not 100% complete but at least the fully diluted market caps should be up to date for most. A way to compare some companies if nothing else. Some resources may be off etc but don't hesitate to PM me if you see something that is wrong! http://www.thehedgelesshorseman.com/watchlist/ $SSP $GQC $ORG $SSS $GUG $GRG $KTN $DV $NVO $RCG $BGM $SSV $SWA $BCM $CSR $CDB $AUU $R $AAN $NHK $SGX $BBB $CNX etc etc #Gold #Silver Disclaimer: I don't own all, but have at least owned most of them at some point.
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@FundamentalAnalysis painful to be averaging up from 24c cost base.....but just had to add....one of the best plays around. Really like the team, they know how to build mines so won't take nonsense from a lowball offer.....with offtakes in places they will be mostly debt financed as per recent presentation, they know how to permit in DR.....it really is a no brainer development play with exploration upside. I was just watching interviews going back since 2012, listening to a range of commentary's about this company including ones by @Hracoffin...and there doesn't appear to be any reasons to not have this as a high conviction play
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@DJS @FundamentalAnalysis My thoughts exactly. I started at a bit lower of a cost base and am now in the high 20s. Will buy more if it drifts down into the 0.30s.
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@FundamentalAnalysis @DJS Let's hope it goes down.....will be one of the best buys out there IMO. Always a fan of good companies going down for no reason at all. A december retest wouldn't be too bad.....especially with Agnico funding at 0.60
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@LucTenHave One would almost think that some people "know more" about upcoming bad news. Otherwise this is a major buying opportunity. I think Goldquest will get their mine permit, I think their development project is worth more than the current market cap, I think that their exploration ground alone should be worht C$40M, I think Goldquest Mining is way undervalued
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@FundamentalAnalysis Its even better given that the market cap includes $25mn CAD in cash, which you need to substract, to see how the market values all the properties.
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@TheLip2 I have a meager 10k shares at usd 17 cents. I wish I had some more dry powder to fire at this thing.
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@FundamentalAnalysis @Jayfire @Miningbookguy I'm a big believer as you know about Valuation....and ultimately boiling everything down to cold hard cash. VERY VERY rarely will you see companies trading at below net cash i.e a gold producer. So if you find deep deep value, where in the case of producers for example you know the company will have Y liquid assets after all debts and the market cap is currently X. and Y>X, you know you are onto a no brainer...... hence companies like $SMF $RSG.AX $SSL $GQC are all on my radar....as they are a lot closer to those levels then most companies out there....
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@Jayfire I didn't think we would see $GQC here again after the Agnico deal at $0.60... Wow!
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anonymous I love these types of days.. gives me more time to load up.. shopping in the sales bin
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@FundamentalAnalysis @KevinS $DV is also a great story.....one that I like as well........and off course $GQC I bought some of that today and yesterday. One of my biggest positions now too.
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@FundamentalAnalysis @Jayfire Very good position to have I will be buying $gqc all the way to zero....not sure why I was so conservative at 22c LOL, such an idiot.
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@FundamentalAnalysis @lexxcomm Hey personally My favourites have been $GQC, $SSL, $TGZ and also liking $SMF during this downturn. By option plays do you mean optionality as these aren't optionality plays.
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@LucTenHave $gqc bottom seems to be in.
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SEDI_bot GoldQuest Mining Corp. $GQC just filed 2 reports. View full report: SEDI:GQC
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@Onlyflaws Bought new position in $SSP and added $GQC. Both have substantial upside.
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from #ssp,
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@FundamentalAnalysis @Onlyflaws Welcome to the club, have both myself. Actually added to the latter last week. $SSP $GQC....seems to be a reasonably popular choice. $GQC in particular is good value. In my opinion it becomes a no brainer, if the share price doesn't budge and all major permits come through.........
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@Onlyflaws Somebody really wanted the shares...
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@Vaughan nice bounce
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@LucTenHave Sometimes life is easy. Goldquest 37 cents per share recently. Very robust economics, complete belt to explore, 100% ownership, 25 million in cash, Agnico Eagle paid 60 cents, good management. What do you want more. I have never met $gqc management. But just call the company and see for yourself how Bill takes the time to answer your questions. I am long :)
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@Onlyflaws I feel very confident with this stock because of the reasons that @LucTenHave mentioned but also because Im 100% sure that this will be taken out with nice premium. Its only a matter of time.
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@PhotoJ Here's where I'm at - 70% cash, 3% cryptocurrency, 2% physical PMs #specportfolio $CGP - 24% $TK - 12% $NXE - 10% $TGZ - 7% $REG - 7% $VTT - 6% $CDB - 6% $ERD - 6% $GQC - 5% $IDM - 5% $ORG - 4% $DV - 4% $AVK - 4%
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from @pete,
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@Jayfire let's see, some popular and obvious choices on this channel are $TGZ $DV $GQC $SSP... I do have an interest in $BAR too particularly after $ICG takeout. Open to ideas of course! #mbgtrends
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@LucTenHave Im a big fan of $gqc but it takes them quite long to get drill results. Hope to see some permitting news as well
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@martin @luctenhave I'm hoping for good news from both $gqc and $prg in the next few months. I'm holding Precipitate Gold who is drilling 3500 m next door to Goldquest. We need a little cooperation from Mother Nature and luck to get people excited about this area. I feel that both companies have good management teams.
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from @luctenhave,
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@LucTenHave Agreed @martin I am not a $prg shareholder but its a good team indeed. Hope $gqc or $prg will make another discovery
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@HRA-Coffin One inside thing I can tell you is that the "exploration" rig, as opposed to the Cachimbo rig, had a number of breakdowns. Minor stuff but when you have to hike for 5 hours to get to it going back to, say, fix a pump and walk it back to the rig kills a few shifts. I think there is news coming soon though. That was my impression talking to Bill. FWIW Mike Moore is much more of a fatalist and demanded a large number of spares be humped up to the $PRG drill site so he's less likely to have an issue. Plus its a much shorter hike and the Cachimbo drill isn't that far away so they could probably swap parts/people back and forth if needed as its the same drill company on both. $GQC
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@Jayfire @HRA-Coffin Great insights, thanks for sharing that. Have been patiently waiting for more news flow here.
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@kjm $GQC financials are out
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