ASX Shares What's looking cheap on the ASX in 2019?

Had bought it few years back and sold it $11 should i have waited ...

 

Hi Lizzie ,

Mind if I ask which date you bought the shares? Or if you can’t remember then the month would do.

I just want to look at the charts for my own education.

Thanks


-Frank

 

Would've been around July 2018 ... where I bought for $132 - down from $150-ish earlier in the year and it's peak in 2015 of over $200

Looking at last 5 years, it does seem to rise and fall - and they seem to have stabilised somewhat - so will hold and see if they come back. It's not a loss until I lock it in

 

I've had a look at the substantial holder notices for the Blackrock buying of GOR.

Tallying the data manually their average for the 7.54% of shares on issue they now hold is somewhere around the $0.84 level. Throughout March though, they were buying in the $0.86 to $1.02 range.

https://www.asx.com.au/asxpdf/20190329/pdf/443w2f7lc8rk35.pdf

First Gold is scheduled for sometime this quarter. Some people are speculating it will be just before the AGM on 29 May.

Now the last quarterly stated:

• Guidance for 2019 gold production of 100,000 to 120,000 ounces (100% basis) at all‐in sustaining costs of between $1,050 and $1,150 per ounce.
  
• First gold production remains on target for second half of June 2019 quarter. Gold Road is fully funded to first gold production and forecast operational requirements

ASIC figures above are in AUD. The gold price is currently around USD $1,270 or AUD $1841 so on an ASIC of AUD $1,150 that's a margin of about AUD $691.

Note that for the project they are in a 50:50 JV with Gold Fields, but exploration is focused on 100%-owned land. They have significant exploration upside. They are spending $20M on exploration of nearby deposits this year. General strategy is to identify mineable deposits that can be quickly put on a path to production. That means good potential for future production and earnings growth over several years (subject to mineable deposits being defined). You can read up on that in their annual report but also look at their corporate presentations.

It's worth further research as I think it has good potential to head into the mid-tier gold-miner space in a 3 to 5-year time frame ( $2B+ ), future potential for takeover aside.

 

Hi @wombat777,

I hold GOR. Do you currently?
Bought my first tranche in Dec '15 & have added a few times since.
My current average in is now $0.6112
I personally won't be adding further, only as I'd rather speculate on where I 'think' upside % gains will potentially be greater than what GOR will rise % wise in the future.
Its my belief they won't have any chance to become any sort of stand alone mid-tier producer in a few years.
They will be swallowed up instead.
But lets see how it all pans out.

 

I think best buying is under $1. I started buying last year. Bought my first parcels under $0.80.

Incidentally Blackrock who are now a substantial holder have an average that seems to be around $0.84. Their latest buying ( from their last substantial holder notice ) seems to be at an average of $1

My general strategy for it is to free-carry at some point and roll profit into another ASX300 stock. Hold the rest for long-term ( or until a TO occurs ).

They do have significant exploration upside on 100%-owned ground and from memory 90% of their $20M exploration budget this year is on 100%-owned ground to define other mineable deposits that the can quickly progress through development studies.

GOR was the biggest holding in my super until the Wesfarmers bid for KDR appeared.

 

@wombat777
I rode KDR up for 18 months but sold out late '17 for $1.41
I left a lot of money on the table in the months after that.
But the family wanted an inground pool/decking/pool house at the time.
The after tax money to pay for that had to come from somewhere, so I chose KDR back then to offload.

 

Might try to pick up some RWC after to-days 25% drop for a the long term been waiting for this for a while . I think it is cheap enough now.

 

Anyone have eyes on Aussie uranium companies? The uranium market as a whole is due for a major upswing in the next few years.

PDN, BMN, DYL, PEN are all way, way, wayyyy down from there previous ATH’s at last uranium bull market.

 

Anyone taking a punt on AMP at the moment? Stock price down to sub $2.10.

 

Definetly not.

 

Maybe not exactly cheap by P/E standards (17.0 pre recent dividend, 13.50 currently), but I did put a few grand on MQG. My first direct share investment - a small part of my small portfolio.

 

If anyone does buy in on the conservative long--term side ,they will be waiting a while for the unit price too go above the previous high,much the same as CBA as it climbs again into the 95 previous high..imho..

 

At $2.10, you won't need it to go anywhere near its previous high.

 

You must be laughing now. Did you keep ISX?

 

*Sob* nope. A stop loss was triggered and I sold for 0.175. it is now 0.68.

Oh well.

Cheers,
Inertia

 

Oh well... I sold them all between 20-35 cents in stages.

 

Buy umbrellas when the sun is shinning I see it as ducks linning up .. It is cyclical. Construction is still going to happen even if it is delayed, a freeze is still going to happen in the USA even if it didn't happen this year. Demand just gets pent up. Nothing fundamental has changed still have patented quality products that saves time and costs .

 

Yes, been on my radar for awhile now.
I have positions in BMN, BOE, DYL, PDN, PEN, TOE & VMY.
My position sizes in each vary in % due to situated jurisdiction, management cash burn, grade, pounds in the ground etc.