Discussion in 'Shares' started by Capt'n, 1st Aug, 2008.
Can anyone recommend some Shares in Gold/Gold Mining Companies?
Check out LGL Lihir Gold.
It has a PE or over 80 but it's profits are expected to increase and PE will come down to 24. I believe that for the price it's a good buy
If you are interested in Iron Ore check out PMM Portman ltd
It's a company the defies the odds and it's price goes up
when everything else is going down...
It has a PE of approx 30 but it's expected to improve profits and drop PE to 13.
Good stock IMHO but a bit pricey for my collection.
You might also want to take a look at Dominion Mining (DOM). Smaller cap gold mining company that produces about 108,000 ounces of gold per year with estimated reserves for another 8 to 10 years of operation. Its at an extremely low P/E ratio of around 5 at the moment and with a year of high gold prices and their production on target its expected to announce a large EPS percentage increase.
I have no idea why its P/E ratio is so low, possibly due to it being smaller and people focusing more on Lihir gold and bigger gold mining companies. Its unhedged also so that may have something to do with it with recent drops in gold prices, but to me it looks extremely cheap. I'm also pretty sure it has very low debt and has just increased the amount of reserves of gold at its main mine with very little reaction from the market.
But good luck on making a decision.
DOM = $6.79 (31.Oct. 2007)
Currently at $2.35
Hmmm... it’s getting ‘cheaper’ and ‘cheaper’ every day...
haha, Its just my opinion. But I prefer to look at the fundementals rather then letting the momentum of the market dictate my choices.
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