Get started
Austral Gold Ltd.Austral Gold Ltd.Austral Gold Ltd.

Austral Gold Ltd.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals

AGLDF trade ideas

Gold Correction is Over. Re-pricing incomingThe gold market appears to have found its bottom and rallied back above 1800USD. This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time. Austral gold is still hanging in there producing cash and the focus now should be on the exploration results which will be key in replenishing reserves. If austral gold can continue to mine 50k oz of gold and then grow their resources with the recent acquisitions this stock can be a multi-bagger. The copper claims that austral has recently acquired are interesting and has a bit of a mini-barrick vibe. GLTA.
TSXV:AGLDLong
by CerebralEdge
Austral Gold 10 BaggerCheckout my other post for some fundamentals, looking at the long-term chart view of AGLD we can see that a possible bottom has been carved out and is forming a bullish inverse Head and Shoulders pattern. As gold continues to rise, the un-hedged production at Austral will continue to generate cash to fund drilling and acquisitions without dilution. A dropping gold/silver ratio will add value quickly to the paused casposo asset. I personally expected gold to break $1600 by the end of Q1, it did that by the end of the first week of 2020. With that sort of interest in the metal I would expect gold to trade up into the 1700-1800 zone by year end and possibly even record highs by this time next year. Austral just posted new drill results 7km from their existing chilean operations. highest section was 19g/t over 1m. GLTA. TSXV:AGLD
TSXV:AGLDLong
by CerebralEdge
5
Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market. I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today. Highlights: - Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently) - Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold) - Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value) - Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone. The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year. Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position. Please comment if you have any thoughts on AGD/AGLD. GLTA.
ASX:AGDLong
by CerebralEdge
17