You are not logged in.

  • Register to access all forum features  

#1

grubstake
Member
From: Perth, WA
Joined: 20 October 2014
Posts: 2,756
Member
03 February 2021 07:40 pm

Prospector unearths three gold nuggets near Castlemaine, sparking hopes for mine:
https://www.theislanderonline.com.au/st … nd-riches/


Where it is, there it is.

1 user likes this post: dam it

#2

Teemore
Member
From: West of the Yarra, east of SA,
Joined: 18 September 2013
Posts: 1,634
Member
03 February 2021 07:56 pm

Doubt that 3 nuggets will influence their decision ..... they're looking for underground potential a bit like Fosterville.

Haven't checked but original info seemed to suggest they had most of the area covered by an EL.

Will come to nothing if the so far undiscovered hidden veins are too expensive to mine .... they might find some but has to be worth their while to start a full scale operation.


If you don't stand for something ..... You'll fall for anything !!
To be old and wise you must first be young and foolish.

1 user likes this post: A-team

#3

deepblue
Member
Joined: 08 November 2013
Posts: 423
Member
03 February 2021 09:02 pm

There are 2 EL's that cover Castlemaine and within that area there are over 200 old listed mines, would 3 nuggets make that much difference to the outcome of any company start up. Maybe we shouldn't tell them of all the gold that has already be found.
lol lol lol lol lol

#4

dam it
Member
Joined: 10 January 2016
Posts: 1,741
Member
03 February 2021 09:13 pm

big_smile Im No expert ,
Kalamazoo has been on my watch list for a few years , And this is no New News (The 3 Nuggets is )
They might be one to Watch argh
My stockbroker at the time said to me " Why " when I brought 10000 units of CHN for $0.20 back in 2018 look at them now big_smile big_smile
Not saying the same will happen here money money money
But stranger things have happened lol


We have Lumps of it out the back ................

#5

SteveG
Member
From: Cairns, QLD
Joined: 04 April 2019
Posts: 63
Member
08 February 2021 01:50 pm

dam it wrote:

big_smile Im No expert ,
Kalamazoo has been on my watch list for a few years , And this is no New News (The 3 Nuggets is )
They might be one to Watch argh
My stockbroker at the time said to me " Why " when I brought 10000 units of CHN for $0.20 back in 2018 look at them now big_smile big_smile
Not saying the same will happen here money money money
But stranger things have happened lol

You talk to a stockbroker? How strange. Almost nobody does that anymore, it's all done via software/apps.

#6

goldierocks
Member
Joined: 10 January 2015
Posts: 3,260
Member
08 February 2021 02:40 pm

Three "nuggets" would be neither here nor there to a public gold exploration company. Detectorologists would often find them on our licences and it was of no concern to us, although we would chat to them and it could rarely (but sometimes) indicate an area that warranted more of our exploration focus. But professional prospectors were (and are) finding far more impressive nuggets all the time, but only the giants made the newspapers.

Last edited by goldierocks (08 February 2021 02:41 pm)


Robert Benchley...
I have kleptomania, but when it gets bad, I take something for it.

1 user likes this post: dam it

#7

dam it
Member
Joined: 10 January 2016
Posts: 1,741
Member
08 February 2021 02:41 pm

SteveG wrote:
dam it wrote:

big_smile Im No expert ,
Kalamazoo has been on my watch list for a few years , And this is no New News (The 3 Nuggets is )
They might be one to Watch argh
My stockbroker at the time said to me " Why " when I brought 10000 units of CHN for $0.20 back in 2018 look at them now big_smile big_smile
Not saying the same will happen here money money money
But stranger things have happened lol

You talk to a stockbroker? How strange. Almost nobody does that anymore, it's all done via software/apps.

Why is that strange ?
I mentioned that was back in 2018 big_smile
I talk to anyone that is Smarter than me , Regarding Investments thumbsup


We have Lumps of it out the back ................

#8

goldierocks
Member
Joined: 10 January 2015
Posts: 3,260
Member
08 February 2021 02:53 pm

SteveG wrote:
dam it wrote:

big_smile Im No expert ,
Kalamazoo has been on my watch list for a few years , And this is no New News (The 3 Nuggets is )
They might be one to Watch argh
My stockbroker at the time said to me " Why " when I brought 10000 units of CHN for $0.20 back in 2018 look at them now big_smile big_smile
Not saying the same will happen here money money money
But stranger things have happened lol

You talk to a stockbroker? How strange. Almost nobody does that anymore, it's all done via software/apps.

Routine buy and sell is almost all done the way you say now. But stockbrokers are very much still in business. They extend into areas like wealth management and financial services, and are used where floating companies and getting investors together to do so. They may specialise in a particular area such as derivatives trading. In many cases they know far more than someone hunting advice on-line (they know the sharks and shonky companies and individuals etc and their past history and track record).

Amateur investors tend to assume that things like these nuggets or a drill intersection will send shares up or make a company (I made that mistake when starting out). Valuation of a company's properties, its cash reserves, and who it is talking to about an unrelated option or joint venture, or timing of dividend payments are more commonly what determines share price. For example, I would not have taken the slightest interest in Kalamazoo's nuggets and I am not overly fond of their ground holdings (which are totally unlike Fosterville), but that is my personal bias. Not what I look for.

Last edited by goldierocks (08 February 2021 03:00 pm)


Robert Benchley...
I have kleptomania, but when it gets bad, I take something for it.

2 users like this post: dam it, grubstake

Top