Yamana Gold Share Discussion Threads

[johnrxx99] 25/2/2010 10:16

Soros reported to be investing as well as gold ETFS. Good enough for me.

"As the Daily Telegraph reports on Thursday, regulatory filings show that Soros's $8.8bn investment vehicle, Soros Fund Management, raised its stake in exchange-traded fund SPDR by 3.7m shares to 6.2m shares in the three months ending December 31, 2009. The report continues:

The new shares were bought at a price of $421m, taking his total holding in the fund to $663m at the end of December. In addition, Mr Soros's investment vehicle owns 11,000 call options that will permit it to buy an extra 1.1m shares should gold prices move higher.

Soros Fund Management also increased its stake in Canadian-based gold producer Yamana Gold, buying 60,880 shares to take its total position to 85,880 shares, worth $973,314 at the end of December."

[mad jack mcmad] 20/2/2010 14:25

Semafo has been good for me, UKG!

[contrarian2investor] 18/2/2010 23:43

Did the discount rate hike leak?
Paul Murphy on Feb 18 21:32.






Release Date: February 18, 2010
For release at 4:30 p.m. EDT

The Federal Reserve Board on Thursday announced that in light of continued improvement in financial market conditions it had unanimously approved several modifications to the terms of its discount window lending programs.

Like the closure of a number of extraordinary credit programs earlier this month, these changes are intended as a further normalization of the Federal Reserve's lending facilities. The modifications are not expected to lead to tighter financial conditions for households and businesses and do not signal any change in the outlook for the economy or for monetary policy, which remains about as it was at the January meeting of the Federal Open Market Committee (FOMC). At that meeting, the Committee left its target range for the federal funds rate at 0 to 1/4 percent and said it anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

The changes to the discount window facilities include Board approval of requests by the boards of directors of the 12 Federal Reserve Banks to increase the primary credit rate (generally referred to as the discount rate) from 1/2 percent to 3/4 percent. This action is effective on February 19.

In addition, the Board announced that, effective on March 18, the typical maximum maturity for primary credit loans will be shortened to overnight. Primary credit is provided by Reserve Banks on a fully secured basis to depository institutions that are in generally sound condition as a backup source of funds. Finally, the Board announced that it had raised the minimum bid rate for the Term Auction Facility (TAF) by 1/4 percentage point to 1/2 percent. The final TAF auction will be on March 8, 2010.

Easing the terms of primary credit was one of the Federal Reserve's first responses to the financial crisis. On August 17, 2007, the Federal Reserve reduced the spread of the primary credit rate over the FOMC's target for the federal funds rate to 1/2 percentage point, from 1 percentage point, and lengthened the typical maximum maturity from overnight to 30 days. On December 12, 2007, the Federal Reserve created the TAF to further improve the access of depository institutions to term funding. On March 16, 2008, the Federal Reserve lowered the spread of the primary credit rate over the target federal funds rate to 1/4 percentage point and extended the maximum maturity of primary credit loans to 90 days.

Subsequently, in response to improving conditions in wholesale funding markets, on June 25, 2009, the Federal Reserve initiated a gradual reduction in TAF auction sizes. As announced on November 17, 2009, and implemented on January 14, 2010, the Federal Reserve began the process of normalizing the terms on primary credit by reducing the typical maximum maturity to 28 days.

The increase in the discount rate announced Thursday widens the spread between the primary credit rate and the top of the FOMC's 0 to 1/4 percent target range for the federal funds rate to 1/2 percentage point. The increase in the spread and reduction in maximum maturity will encourage depository institutions to rely on private funding markets for short-term credit and to use the Federal Reserve's primary credit facility only as a backup source of funds. The Federal Reserve will assess over time whether further increases in the spread are appropriate in view of experience with the 1/2 percentage point spread.


c2i

[contrarian2investor] 18/2/2010 18:09

silverfern,

In the risks stakes yes I would put POGW as higher risk than YAU & CEY.

You have some solid picks there. However I have never heard of SYN.
I wish I had bought into CHG prior to the millenium. It would even have been a good buy last March. Well done.

c2i

[silverfern] 18/2/2010 17:47

(OT) cheers c2i - at least grant that POGW is high risk! Also in IDH, IBL, SYN and CHG for my sins and a few others

[contrarian2investor] 18/2/2010 15:52

UKGeorge,

I don't make recommendations.
Among my Canadian tiddlers:
AXR
AZC
MAI
CUU

All of which I hope to obtain serious appreciation over the decade ahead.
IMHO Low or no debt, plus great resource base and seasoned management equals eventual share price appreciation.

Buy and hold is not dead when you buy quality opportunities. Well that is the hope anyway. Patience is the watch word, something most buyers don't appear to have on some bbs.

Case in point, today my UK oil tiddler AEX which had previoulsy been a dog (it fell to 4.6p in Mar 09) hit a new 12 month high of 15p.

c2i

[ukgeorge] 18/2/2010 08:15

C2i
What canadian juniors do you have/recomend?

I have a couple of intermediates, semafo and lake shore gold.

[contrarian2investor] 17/2/2010 19:43

silverfern,

I would advocate a balanced portfolio. Therefore don't have too much in any one stock. A concentrated portfolio is great when things are going your way. However when the tide turns against you it can be brutal. However at the moment we have Paulson, Soros and many other hedge funds on side.

Soros has doubled his long gold position




I hold large tranches of YAU and CEY (which I don't view as high risk) for the very long-term , plus several Canadian and Australian tiddlers in the hope that one might become a mini BHP by the end of this decade. Of all of my gold stocks CEY is the one that I am most looking forward to still be holding in 2020.

Pharmacuetical companies have under-performed over the past 12 months. However its a hard sector to pick long-term winners, when most of their drugs are running out of patent. You are then faced with the lottery of FDA approval.

As for telecoms most are very indebted and are mainly yield/income plays.

All the best with your investments.

c2i

[silverfern] 17/2/2010 17:40

I'm considering moving my dosh out of riskier ventures (POGW, CEY, and more into Rangold and YAU as certainty). Growth of 25% p.a. fomr here would be good news after last years herioics. Otherwise its Farmer Sueticals and telecoms for me.

[contrarian2investor] 17/2/2010 17:33

silverfern,

I foresee that YAU will be taken out by a much larger peer before we see the full potential of its (organic growth) previous acquisitions.

I will continue to hold as it will be rewarding to eventually see the day that £10 acts as support instead of £6.

c2i

[silverfern] 16/2/2010 16:09

thanks c2i : the company has clearly stated that growth will be organic not from acquisitions. THat suits me with the potential it has. And growth like that can result in lower costs, though I suspect exploiting its fresher, dearer, territories will in the short term mitigate costs savings made in its mature sites. DYOR but looks good to me

[contrarian2investor] 15/2/2010 15:08

Hi all fellow long-term holders,

Here is an article that might be of interest.
silverfern it reiterates your statement in blog 992.

Yamana Gold: Attractive Buy at Current Levels



c2i

[silverfern] 08/2/2010 08:39

Looks very good value to me at these levels - see Rangold's figures out today .

[ukgeorge] 26/1/2010 13:43

horrid chart $ looks as though its going to rise and send gold into 3 figures.

[thedinnerlady] 21/1/2010 13:02

Thanks UK George. Always good to see upgrades but his corresponding share price targets seem odd. Particularly gold 1065 to 1200 and much higher 2011 but Goldcorp share price target just $49 to $50! Shows how much analysts remain behind the curve in these bigger cycles.

[contrarian2investor] 20/1/2010 18:26

Hi all,

Is it me or is anyone else beginning to view YAU hitting or breaching £8 as an indicator the GOLD is ready to rollover? The correlation is significant.

c2i

[johnrxx99] 13/1/2010 09:58

Another excellent update. This is growing to be a very major producer and whilst growth over the next two years is only 12% I expect further resource updates to underpin the total rserves although it is hard to work out what that will be based on released data to date.

Lets hope aquisitions will also boost the future.

Modest holder as not a great growth prospect but solid nevertheless.

[qs9] 13/1/2010 08:40

Nice to see you c2i! Low cost gold producer like YAU, IMO looks oversold and with production ramping up significantly over the coming years I would like to see revised broker notes to see how this affects their financials. Market has marked them down this morning, but I cannot see how they are not making significant sums with the GP where it has been over the last 6 months or so. Will have to wait until the results to find out I suppose and I continue to hold as believe these should be over £10 IMO

[contrarian2investor] 13/1/2010 08:38

Hi all long-term holders,

Having scannned todays outlook for YAU and I am pleasantly content with its progress. The fact they have still room for further improvements in performance and reduction in costs bodes well.

However with Gold getting hit yesterday most gold/mining stocks will be facing headwinds today. YAU appears to be oversold at present given this mornings positive update. I am looking forward to YAU having £8 as support rather than resistance this year.

c2i

[qs9] 11/1/2010 15:26

And off again....

[qs9] 08/1/2010 18:36

Gold price turned blue again....

[qs9] 08/1/2010 08:31

Looks good from what little I understand of it!!

[johnrxx99] 08/1/2010 07:44

Very detailed update and dont know where to start analysing it rather than just assuming it is good.