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« Taseko Mines Limited | Main | GOLDgate »
Monday
Jul032006

Progress as of 04 July 2006

As it is Independence Day and everyone is on holiday we thought it would be appropriate to take a quick look at the progress of our selections. These six stocks were recommended in June, which is not too long ago.

1. Agnico Eagle (AEM) we recommended buying at sub-thirty dollars however we had to pay $30.88 on the day that we posted on this site. One can’t always hit it smack on but we thought a little over the odds were worthwhile. Anyway at the closing bell on Monday 03 July 2006 this stock stood at $34.07, a rise of 10.33% a superb gain since we bought it.


2. Bema Corp (BGO) we recommended buying at $4.56 and bought at this price. At the close this stock stands at $5.18, a rise of 13.6%, a healthy recovery indeed.


3. Cambior (CBJ) we recommended buying at $2.61 and bought at this price. At the close this stock stands at $2.77, a rise of 6.13%, a nice start



4. Kinross (KGC) we recommended buying at $10.08 and bought at this price. At the close this stock stands at $11.50, a rise of 14.09%, our current leader, which is better than we imagined at this stage.



5. Silverado (SLGLF) we recommended buying at $0.08 and bought at this price. At the close this stock stands at $0.085 a rise of 6.25%, another good move upwards.



6. US Gold Corp (USGL) we recommended buying at $8.40 and bought at this price. At the close this stock stands at $8.93, a rise of 6.31%, again not a bad start. It should be noted however that between our recommendation and tonight’s close this stock dropped and could have been bought considerably cheaper than we what we paid for it. Still, that’s life, it’s almost impossible to hit the exact bottom for any stock especially something as volatile as a mining company.


Overall we are really pleased with our first selection of six gold mining stocks. They are all in positive territory in a very short time. We will continue our research and post our findings with some guidance on how to proceed. Should a stock run too far ahead we might consider selling in the hope that we can re-enter the market at lower gold prices. Either way we will keep you informed.

Always discuss your investments with your regulated financial advisor before putting your hard earned money on the table.

Happy holiday.

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