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Author: tk420 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 649  
Subject: Buy Date: 2/10/2010 5:13 PM
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Just bought at $10.46

Jes
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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 641 of 649
Subject: Re: Buy Date: 2/10/2010 8:44 PM
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"Just bought at $10.46"

Hi Jes,

I have reduced my AUY holdings over the past year. I felt there were other places I wanted to put my money into, or maybe place my bets on more accurately describes my actions ;-)

The following is not a recommendation to buy, just something to consider, maybe do a little due diligence on and see if anything looks good to you and you want to add other miners to your portfolio. Some of them are not producers so they can be higher risk, and I consider all to be high risk... I also consider the dollar to be high risk should the Fed fumble the ball. I have no idea what will happen with any of these companies, or the dollar, so seek professional advice as needed.

Per my Profile; Favorite Stocks: XRA RBY COLUF GORO EXK IAG EGO FVITF EVOGF

Exeter(XRA): http://www.exeterresource.com/ "[...] In October 2009 Exeter announced an updated National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate for Caspiche, for all drilling conducted to end 2008-2009 drill season. The inferred resource is 19.6 million ounces gold, 4.84 billion pounds of copper, and 40 million ounces of silver, or 32.4 million gold equivalent ounces (refer to October 20, 2009 News Release). The additional 12.8 million ounces of gold equivalent is calculated using a copper conversion price of US$2.00 per pound, a silver price of US$12.00 per ounce and a gold price of US$800 per ounce (assuming 100% recovery). The resource estimate leaves the deposit open for expansion to the southeast and to depth.[...]"

Note, Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. So if/when there is an updated 43-101 that moves these inferred resources into higher categories we MIGHT see some price increase in the stock.

You can watch or download their presentation here: http://www.exeterresource.com/investors/presentations.php

The big boys are looking at them in regards to the Caspishe deposit. Exeter plans to spin off the Argentine location into a new company, one share for each Exeter share to develop the Cerra Morro propety. Exeter has enough cash for another year so shouldn't be looking for additional financing. XRA is my second largest holding behind CEF.

Colosuss(COLUF.PK): http://www.colossusminerals.com/ An interesting video from 60 Minutes is interesting.

CCompany presentation Feb 4 2010: http://www.colossusminerals.com/_resources/presentations/Inv...

These folks have a large deposit in Brazil, Serra Pelada: http://www.colossusminerals.com/projects/serra_pelada/ "[...] The Central Mineralized Zone at Serra Pelada was mined along about 350m of strike length to depths of about 110m. Vale drilling in this area encountered some remarkable intersections. For example drill hole FD-0032, 43m. (from 40m) assaying 4709g/t gold, 204g/t platinum and 1174g/t palladium (Cabral et al, 2002) (view long section of open pit). [...]"

Gold Resources(GORO.OB): http://www.goldresourcecorp.com/

Presentation: http://www.goldresourcecorp.com./presentation/company/player.html

They have poured their first gold and have money in the bank. They look to self finance their project and management has a high percentage of ownership, unlike Maronne at Yamana. They have plans for a meaningful dividend, which I hope they carry through with, approximately 1/3 of cash flow.

You might want to visit the Mining and Metals board, http://boards.fool.com/Messages.asp?bid=100055&mid=28297... ,where folks know more than I do ;-) That's where I first heard about GORO.

I own about 77, can be seen at http://my.fool.com/profile/Matt1344/info.aspx , gold/silver positions and have added to some of them recently, XRA, GORO.OB, FVITF.PK, KXPLF.PK, FRMSF.PK, MXOM.OB and NOXGF.PK, and KLSVF.PK come to mind. I have also sold or trimmed about dozen positions, one of them being Yamana.

Remember, these could all be dangerous to your financial wealth.

Take care, Ken

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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 642 of 649
Subject: Re: Buy Date: 2/10/2010 8:54 PM
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PS: "I own about 77, can be seen at http://my.fool.com/profile/Matt1344/info.aspx , gold/silver positions and have added to some of them recently, XRA, GORO.OB, FVITF.PK, KXPLF.PK, FRMSF.PK, MXOM.OB and NOXGF.PK, and KLSVF.PK come to mind. I have also sold or trimmed about dozen positions, one of them being Yamana."

Keep in mind, that what I add to or trim may be effected by my overall holdings...

All the best, Ken

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Author: oldasdirt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 643 of 649
Subject: Re: Buy Date: 2/11/2010 12:57 PM
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Just curious, but with 70 holdings, wouldn't it make sense just to own a precious metals fund or ETF? (If one exists)

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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 644 of 649
Subject: Re: Buy Date: 2/11/2010 3:15 PM
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"Just curious, but with 70 holdings, wouldn't it make sense just to own a precious metals fund or ETF? (If one exists) "

It's fun :-) My largest holding, in fact, is an ETF, Central Fund of Canada(CEF). As to a MF, I prefer to do it myself. As has been asked many times on the Motley Fool, "Who cares most about your money?".

Also I didn't just start out with 77 holdings, which have been trimmed back from 83. It all started when Tom G. mentioned Northgate(NXG) in the Hidden Gems newsletter... It just grew from there.

Also at that time Tom said, IIRC, that in effect he expected we could all become managers of our own small cap fund. I just happened to veer into the gold and silver sector over time.

All the best, Ken

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Author: oldasdirt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 645 of 649
Subject: Re: Buy Date: 2/11/2010 4:14 PM
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Thanks, Ken. Seems like a lot of companies to watch. Between my job, bowling, golf, and TV, there is no way I can follow very many companies in detail.I rely on "Hidden Gems" for more speculative ideas, and Chris Meyers' "Capital & Crisis" newsletter for more conservative ideas.

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Author: Matt1344 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 646 of 649
Subject: Re: Buy Date: 2/11/2010 10:46 PM
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"Thanks, Ken. Seems like a lot of companies to watch."

Quite welcome ;-) I guess my jobs are, Bible Study with 5 days homework each week, getting the old body to the gym, line dancing and a lot of computer time.

I subscribe to Silver-Investor newsletter and get emails from the Gold Report as well as email alerts from many of the companies I hold. That kinda keeps me aware of developments as well as other folks views on the companies.

Certainly no guarantees and I'm no genius. Some companies come to light because a CEO may actually run several small operations. If he's doing well with one then that may lead me to invest in another one. I bought several because Rob McEwen was a large share holder, he kinda revolutionized how the mining business could be done and turned GoldCorp into a multi-billion dollar company. That was before my time but I figured I'd tag along on at least some of what he did. Some of his choices may have done well for him but that doesn't always hold when buying at later time points.

My choices probably make most Hidden Gems picks look "conservative" ;^)

All the best in your investments,

Ken

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