Category — My Portfolio

By now you would have noticed that I am currently involved in three major areas. Gold, Rare Earths and Coal Seam Gas ( More on CSG later).  Greg Canaavan’s article puts the Rare Earths Lynas (ASX Code LYC ) in the right perspective. I could not agree more.

It is in times like these which we are experiencing at the moment that I get the best bargains for the future. Remember, Buy in gloom and sell in Boom. It works for me.

What’s The Biggest Mistake Most Investors Make?
By Greg Canavan

You might be one of those investors who have been wondering whether now is a good time to look for cheap stocks. At a time like this – with the stock market breaking below 3840 this morning – it’s important to understand the difference between the intrinsic value and the price of a company.

This is something most investors simply can’t do.

When you estimate intrinsic value you’re estimating what a company’s really worth. It’s different to its share price, which is based on Mr Market’s emotional judgement – not rooted in sound knowledge of a company’s financial position or business fundamentals.

But that’s not to say the share price isn’t useful. It is. Because it gives you the chance to buy a company when it’s trading below its real value and sell it when it’s trading at a premium.

Put simply, price is what you pay and value is what you receive. [Read more →]

Today we have the full report for Focus Minerals (ASX  Code FML) for the financial year 2011. This is the only gold stock that I have in my portfolio at present. To go to read the full report you will find it at the ASX website

FOCUS REPORTS RECORD FULL-YEAR RESULT FOR FY11

• Revenue increased 39% to $102.8 million (FY10: $73.7 million)

• Net Cash from Operating Activities increased 11% to $30.3 million (FY10: $27.8 million)

• Focus opened two new gold mines in FY11, positioning the Company for growth in FY12
• Focus completed first full year of ore processing at the Three Mile Hill plant with total gold production increasing 17% to 72,830oz (FY10: 62,296oz)

• The acquisition of Crescent Gold positions Focus as a +200,000oz gold producer for calendar 2012

Result Summary.

Focus Minerals Limited (ASX: FML), a leading Australian gold producer, today announced record full-year Revenue and Net Cash from Operating Activities, positioning the company for strong growth after a year of significant transformation.

In FY11 Focus’ annual revenue increased by 39% to $102.8 million (FY10: $73.7 million) and Net Cash from Operating Activities increased by 11% to $30.3 million (FY10: $27.8 million), as the company grew total gold production by 17% to 72,830oz (FY10: 62,117oz). [Read more →]