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Anyone Buying Cheap Mining Stocks?
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Thread: Anyone Buying Cheap Mining Stocks?

  1. #1
    Join Date
    Jun 2011
    Posts
    568

    Default Anyone Buying Cheap Mining Stocks?

    I am, picked out half a dozen to play with, made $150 so far since September 01.

    Here's my picks:

    Sirios Resources Inc. SOI TSX-V

    Seabridge Gold SEA TSX

    St.Andrew SAS TSX

    Northern Gold Mining NGM TSX-V

    Moneta Porcupine Mines ME TSX-V

    Calico Resources Corp. CKB TSX-V

    Palliser Oil & Gas PXL TSX-V

    Sold Dios Exploration Inc. for a small profit.

    Seabridge Gold owns a large deposit of copper and gold in B.C. Canada and is trading near 52 week lows so may be a good buy. Not a penny stock like most the others.
    Last edited by rush2112; 10th October 2014 at 09:30.

  2. #2
    Join Date
    Dec 2008
    Location
    Michigan
    Posts
    823

    Default

    Congratulations. All of your stocks are down as of today.

  3. #3
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by chroNick View Post
    Congratulations. All of your stocks are down as of today.
    Members here can check the date I posted my list and the current price of SEA.

    Been up $1.50 since I posted.

    Someone is lying and it's not me.

    You convicted yourself.

    Yes, my one oil stock took a beating but who cares.

    What a pathetic liar of a man you are.

  4. #4
    Join Date
    Jan 2010
    Location
    SC
    Posts
    427

    Default

    rush2112, good job! When your money in / money out hits a decent percentage take a profit. In response to your question. Yes! Last year, I picked up shares of Vanguard Precious Metals and Mining. I do think that TPTB are looking to run these outfits into the ground and then buy them pennies on the dollar. All the while telling everyone the entire sector is worthless.

  5. #5
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by jimi View Post
    rush2112, good job! When your money in / money out hits a decent percentage take a profit. In response to your question. Yes! Last year, I picked up shares of Vanguard Precious Metals and Mining. I do think that TPTB are looking to run these outfits into the ground and then buy them pennies on the dollar. All the while telling everyone the entire sector is worthless.
    I do my research and sticking to mostly small miners producing ounces but even they can not get a break.

    Investors do not want to hear about good results, they want super good results regardless of who is behind the curtain.

    I guess they have lost so much money with promises that did not pan out and have left the sector.

    I do like the results of Sirios Resources Inc. [SOI TSX]

    The last press release regarding the latest drilling results and visible gold is rather impressive.

    I will be buying more as the drilling continues.

  6. #6
    Join Date
    Jun 2011
    Posts
    568

    Default

    Taking a beating today.

    I'm not however folding my hand.

    Gold has to come from somewhere, Swiss vote may be the light at the end of the tunnel.

  7. #7
    Join Date
    Feb 2011
    Location
    Treasure Valley, Idaho
    Posts
    849

    Default

    I would stay away from copper miners. I think that copper is going to get below $2 a pound so I am waiting there. There are also a bunch of rare earth producers getting their asses kick the most prominent Molycorp (MCP). They are the only rare earth producer that I know of in the U.S. The stock was pumped up to a price of over $70 and is now trading at about $0.60 a share. I get the feeling they are headed to bankruptcy due to more debt management but I am still eyeing that one closely.

  8. #8
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by jimi View Post
    rush2112, good job! When your money in / money out hits a decent percentage take a profit. In response to your question. Yes! Last year, I picked up shares of Vanguard Precious Metals and Mining. I do think that TPTB are looking to run these outfits into the ground and then buy them pennies on the dollar. All the while telling everyone the entire sector is worthless.
    I hope you did not fold your hand on that precious metals fund with last weeks gains in gold.

    Perhaps it's time to cash out and buy some 100 oz. bars for yourself.

    If things get really bad, it will be like one those candy scrambles you enjoyed as a child.

  9. #9
    Join Date
    Apr 2010
    Posts
    3,669

    Default

    Only a few things put me off speculating in Mining Stocks;
    Privatisation.
    Illiquidity in those Small Caps.
    And those pesky parasitic middlemen who skim any profits for tapping a few keys.

  10. #10
    Join Date
    Jun 2011
    Posts
    568

    Default

    Quote Originally Posted by gollumthegreat View Post
    Only a few things put me off speculating in Mining Stocks;
    Privatisation.
    Illiquidity in those Small Caps.
    And those pesky parasitic middlemen who skim any profits for tapping a few keys.
    I personally hate the ones that pay insiders a finders fee for loans.

    Due diligence, research of board members and CEO's is important.

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