Q: lately mnd is not taking part in the lift of the gold sector.
Any reason for this?
What is your outlook for mnd?
Any reason for this?
What is your outlook for mnd?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I have been watching both copper and Brent for an entry into both FM and BDI (high correlation to Brent and WTC). Both stocks are up today and particularly FM. But can any stock in either segment do very well as long as the underlying resource continues to tank? There is no signs of recovery in either that I can see.
Q: I currently hold a significant number of shares in this company and it represents approx. 10% of my portfolio. I am down 47% and am wondering if it is time to throw in the towel or double down. My understanding is that Argonaut is a low cost producer with little or no debt, but their share price keeps plummeting.
I realize that this company represents too large a proportion of my portfolio but believe much of what AR is experiencing is sector related. but I would appreciate you comments on the company in general and their financial in particular.
Thanks,
DON
I realize that this company represents too large a proportion of my portfolio but believe much of what AR is experiencing is sector related. but I would appreciate you comments on the company in general and their financial in particular.
Thanks,
DON
Q: Please explain the drastic drop in the stock price. It seems to me that Yamana gets beat up more than the other gold stocks. Also as a new investor in the markets can U please tell me how the market works . If a price of one dollars per share is sold , I assume that the co gets the dollar, but if the price drops to 90 cents does the company have to pay back ? Thanks Don
Q: 1:42 PM 11/13/2014
Hello Peter :
I currently have a 17.5% position in precious metal stocks [FNV 10.2%, G 3.9%, SLW 3.02%, SSL 0.4%]. This is partly due to an inheritance about 2 years ago whereby the shares were transferred in to our account at the very high ACBs prevailing at the time. We sold a good portion of these stocks at that time but still need to reduce.
We choose to keep Franco Nevada in it's entirety as our only gold holding as it is a stable powerful, growing, well-financed company with low overheads and an acceptable dividend, but we do plan to sell G, SLW, and SSL even though these are very good companies. These 3 stocks are down 31%, 29% and 39% respectively from their ACBs.
The plan is to invest the proceeds into dividend-growing high quality stocks as we need the dividend income along with reasonable growth. We could add to our already existing positions in : Corby[CSW.A 2.1%], A&W[AW.UN 2.3%], Emera[EMA 2.2%], Telus[T 1.8%].
Or we could initiate new positions in two or more of Enercare [ECI], Chartwell [CSH.UN], BMO REITs [ZRE], Cervus [CVL], Alaris [AD], or AgGrowth [AFN], all with dividends in the 4-5% range.
I believe [hope] that gold and silver prices will rebound over the next few months or year [or then again maybe they won't] and the issue is whether to sell them now at a low or whether to do nothing and wait until the losses are greatly reduced. We cannot use the tax loss now and would have to carry it forward for future years. So the question now is whether the gold stocks will rise faster in price than the stocks we wish to buy?
What would be your strategy - switch now or wait - and which of the 10 stocks listed above would be the best buys now or in a year or so, and why?
Your opinion always greatly appreciated...... Paul K.
Hello Peter :
I currently have a 17.5% position in precious metal stocks [FNV 10.2%, G 3.9%, SLW 3.02%, SSL 0.4%]. This is partly due to an inheritance about 2 years ago whereby the shares were transferred in to our account at the very high ACBs prevailing at the time. We sold a good portion of these stocks at that time but still need to reduce.
We choose to keep Franco Nevada in it's entirety as our only gold holding as it is a stable powerful, growing, well-financed company with low overheads and an acceptable dividend, but we do plan to sell G, SLW, and SSL even though these are very good companies. These 3 stocks are down 31%, 29% and 39% respectively from their ACBs.
The plan is to invest the proceeds into dividend-growing high quality stocks as we need the dividend income along with reasonable growth. We could add to our already existing positions in : Corby[CSW.A 2.1%], A&W[AW.UN 2.3%], Emera[EMA 2.2%], Telus[T 1.8%].
Or we could initiate new positions in two or more of Enercare [ECI], Chartwell [CSH.UN], BMO REITs [ZRE], Cervus [CVL], Alaris [AD], or AgGrowth [AFN], all with dividends in the 4-5% range.
I believe [hope] that gold and silver prices will rebound over the next few months or year [or then again maybe they won't] and the issue is whether to sell them now at a low or whether to do nothing and wait until the losses are greatly reduced. We cannot use the tax loss now and would have to carry it forward for future years. So the question now is whether the gold stocks will rise faster in price than the stocks we wish to buy?
What would be your strategy - switch now or wait - and which of the 10 stocks listed above would be the best buys now or in a year or so, and why?
Your opinion always greatly appreciated...... Paul K.
Q: Today UxC Consulting web site updated the Uranium price, up $5.00 this week and now 40% up from spring time lows. What are your thoughts on playing uranium? I own Cameco but was wondering what a couple other stocks you think would have good potential in the uranium space.
Thanks for your time.
Thanks for your time.
Q: Your thoughts on their financial report today.
Q: Canadian Banc Corp is an Investment Corporation
that invests in a diversified portfolio consisting of six
Canadian Banks. Two types of shares are available, a
Class A (BK) and a Preferred (BK.PR.A).
I have had class A shares for a few years and am very pleased. It seems to good great dividend and capital gains . I see the very low liquidity as a big problem. I believe you are not supportive of the structure and the fund.
Would you reduce as it is 6% of holding with no other bank exposure? what other red flags would you look out for.
thanks
Yossi
that invests in a diversified portfolio consisting of six
Canadian Banks. Two types of shares are available, a
Class A (BK) and a Preferred (BK.PR.A).
I have had class A shares for a few years and am very pleased. It seems to good great dividend and capital gains . I see the very low liquidity as a big problem. I believe you are not supportive of the structure and the fund.
Would you reduce as it is 6% of holding with no other bank exposure? what other red flags would you look out for.
thanks
Yossi
Q: Peter & Co. May I please have you opinion of Gold Reach Resources as a very speculative, limited purchase.
With great appreciation for your excellent service to the small retail investor.
Ed
With great appreciation for your excellent service to the small retail investor.
Ed
Q: The recommendations for base metal miners seem to increasing. Do you agree and do you have any thoughts on LUN in particular? Thanks
Q: I would like your opinion of GG.s prospects as well as Ravi Sood and the management team. Thanx Robbie
Q: Could you please give a update p has been beaten up in this market and gold seems to be coming back in favour again.
Q: Good evening,
In a news release Friday evening, management of Marret Resource stated the net asset value per share was $5. The stock currently trades around $3.64. Could you please offer some guidance as to the reliability and safety of the $5 figure.
In a news release Friday evening, management of Marret Resource stated the net asset value per share was $5. The stock currently trades around $3.64. Could you please offer some guidance as to the reliability and safety of the $5 figure.
Q: May I ask opinion on FCU and u308 in general for short- mid and longterm ?
Thanks
Thanks
Q: Hello again Peter,
You're opinion of the financial results released yesterday please.
You're opinion of the financial results released yesterday please.
Q: What are your thoughts on Amerigo's Q3-2014 Financial Results? Thanks!
Q: Can I have your opinion on two high risk stocks (WZR, LYD) that are down quite a bit over the last couple of years. I planned on holding onto them long term, however, lately I am wondering if I should cut my losses and get rid of them. Thanks.
Q: This is a 2-1/2% weighting in my portfilio actually in the wife's tfsa. We have held it for about 4 years and are down about 70%, is it worth holding onto?
Q: Hi Peter and team, I have a very high risk tolerance and a very long time horizon. I consider there are huge bargains present in the gold mining sector. My plan is to systematically buy quality names like YRI and G. I expect these companies will revert to their fair values creating very high gains over time provided they won't go out of business. Your evaluation on this contrarian strategy please.
Q: I would like your opinion on the direction of the US dollar as it relates to our precious metals market here in Canada. It seems the dollar will continue to be strong but gold and silver prices cant go much lower than the cost to produce them. Is this the time to nibble away at the the higher torque mid-sized names in the space or wait? Which names do you like for the next 6-12 months?