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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Message: Jim Sinclair's commentary
A snippet from today's Cafe:
NEM has one of the worst charts of any gold stock. It has been destroyed all year. I thought markets anticipated good earnings? Earnings came in 50% higher than consensus. Did the analysts get it wrong or are gold stocks the playthings of the cartel and being used to keep gold on a lid?
I mean seriously, the fertilizer companies go up and up. NEM earned 15 cents this quarter last year, versus 80 cents this time around and the stock has gone NOWHERE. Annualized, that is $3.2, which would give NEM a PE under 15. I thought gold stocks were valued oin reserves and cash flow and therefore trade at a much higher multiple. Apparently, the only thing that matters is what the cartel wants to matter, as usual.
Sabre
Adrian on the same…
Bill,
http://www.reuters.com/article/marke...
Newmont just released Q1 results. Net profit rose 444% to $386 million.!! Their revenue was 1.9B$ which means 20% net profit. How many companies are reporting this sort of growth AND net profit? The answer is none outside of natural resources. Last Friday the DOW rallied because Citigroup only LOST 5B$!! The HUI should be on fire with investors chasing real profit growth and stellar growth prospects. Instead they don’t even know this sector exists let alone how to spell "gold". They are too busy buying the garbage the mainstream press is spinning that the best investments are the losers that are not as bigger losers as previously predicted!! How about some real winners instead?
The lights WILL go on and the herd will come rushing to our pasture.
Cheers
Adrian
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