Thursday, November 22, 2018 12:48:02 PM
Rajendra Jadhav, Karen Rodrigues
3 MIN READ
MUMBAI/BENGALURU (Reuters) - Physical gold demand in India was robust
this week as consumers stepped up purchases during the traditional
wedding season after domestic rates slipped to a near six-week trough,
while gains in global prices weighed on bullion’s appeal in other Asian
hubs.
A salesman shows gold necklaces to a customer at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Kolkata, November 5, 2018. REUTERS/Rupak De Chowdhuri
Demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season, when buying the metal is considered auspicious.
The current price level was attracting both jewellers and retail consumers, said Daman Prakash Rathod, a director at MNC Bullion, a wholesaler in Chennai.
Local gold prices were trading near their lowest since Oct. 1, as an appreciation in the rupee made buying overseas cheaper.
Dealers in India were charging a premium of up to $2 an ounce over official domestic prices this week, down from $3 last week. The domestic price includes a 10 percent import tax.
“Jewellers are now replenishing inventory as sales during Diwali were decent,” said a Mumbai-based dealer with a bullion importing bank.
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Indians celebrated the Dhanteras and Diwali festivals earlier this month.
Meanwhile, global benchmark spot gold prices were on track to post a second week of gains, having hit a two-week high of $1,230.07 an ounce on Wednesday.
In China, premiums of $4-$6 an ounce were charged over the benchmark, versus $4-$7 last week.
Demand in China is very quiet these days as prices are trading higher and people are hesitating to buy, said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.
Premiums in Hong Kong also inched down slightly to $0.70-$1.50 an ounce from $0.80-$1.50 in the previous week.
In Singapore, premiums eased to $0.50-$0.80 an ounce from $0.60-$0.90 previously.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144867546
TPRFF/GMC Possibility of a takeover -
Yes, crazy numbers here. total enterprise value with debt
under 250mm canadian.
A buyer can payoff debt, 100mm, and reap returns of
over 25-35% per year if purchased for $5.
This can happen in a flash.
Any thoughts?
by liquorc
Refill TIA, great on 'Gran Colombia Gold Corp. (TPRFF) -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144744998
Note the bottom lines;
Given Segovia's growth profile and low production cost, I believe
the stock is worth 15x forward earnings, or approximately $10/share,
representing close to 500% upside.
If the company continues to execute, then fair value should increase
over time.
Importantly, the company is now funding its growth from operating
cash flow; that eliminates the need for financing, which
is commonly a problem for junior miners.
The greatest risk to the thesis is the price of gold.
If gold were to fall to $1000/oz then I estimate that the company
would earn only around $0.10 of EPS;
at a 10x earnings multiple (reflecting thinner margins),
the stock would be worth $1/share, or ~40% downside.
Additionally, there remain operational tail risks, such as a
prolonged conflict with artisanal miners or gangs/guerrillas,
which could seriously impair the value of the company's assets.
Overall, I believe the very large upside potential more than
compensates investors for bearing these risks.
Disclosure: I am/we are long TPRFF.
The Largest Underground Gold And Silver Producer In Colombia - Gran Colombia Gold Corp.
Cambridge House International Inc.
Published on Nov 5, 2018
Watch as Mike Davies, CFO of Gran Colombia Gold Corp. (TSX: GCM),
discusses their new milestones for 2018.
https://www.youtube.com/watch?v=0fvFlrAOCKQ
Gran Colombia Gold: Extremely Deep-Value Gold Miner
https://seekingalpha.com/article/4216358-gran-colombia-gold-extremely-deep-value-gold-miner
Summary
•The stock trades at less than 3x forward earnings.
•Investors have ignored the company due to earlier financial trouble and no sell-side coverage.
•Dramatic valuation divergence from other gold miners, coupled with ongoing growth, creates a setup for huge returns.
Gold Market Update By: Clive Maund
Published: Monday, 5 November 2018 | Print | Comment - New!
The Precious Metals sector continues to be viewed with disdain and
skepticism by the vast majority of investors, which is exactly what you
want and expect to see at the earliest stages of a major bullmarket.
However, the charts continue to shape up well, as we will now see.
http://news.goldseek.com/CliveMaund/1541423160.php
Gran Colombia Gold Corp (TPRFF) CEO Lombardo Arenas on Q3 2018 Results - Earnings Call Transcript
Nov. 14, 2018 1:26 PM ET | About: Gran Colombia Gold Corp. (TPRFF)
https://seekingalpha.com/article/4222166-gran-colombia-gold-corp-tprff-ceo-lombardo-arenas-q3-2018-results-earnings-call-transcript?part=single
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
Happy Thanksgiving To All
God Bless America
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