Centamin - My Largest Gold Stock Position

Written by MrStockFox. Posted in Trade Ideas

Centamin is a company I have owned for almost 2 years.  It would be tough to find a better looking chart within the Gold Sector these days.  Not only does Centamin continue making higher lows but it also pays a really nice dividend.  While other gold companies continue to lower their dividend to next to nothing, Centamin just started paying theirs and increased it to around 3%. 

About the Company:

Centamin plc is a mineral exploration, development and mining company dual listed on the London Stock Exchange (LSE: CEY) and the Toronto Stock Exchange (TSX: CEE). Centamin's principal asset, the Sukari Gold Mine, began production in 2009 and is the first large scale modern gold mine in Egypt. Our development and operating experience gives us significant advantage in acquiring and developing other gold projects.

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UPDATED: Weekly Purchases - 6/24/15

Written by MrStockFox. Posted in Weekly Update

Highlights:

I wanted to first start out with an apology for the lack of updates lately.  I have been taking a little extra time to spend with the family.  I just can't find the time to do everything and this blog sometimes suffers because of that.

I Bought:

These purchases increased my annual income by $215.41 over the last several weeks.

  • 5 shares of Targa Resources Corp (TRGP) - This will increase my annual dividends by $16.60
  • 12 shares of Sprott Inc (SPOXF) - This will increase my annual dividends by $1.20
  • 2 shares of Ventas Inc (VTR) - This will increase my annual dividends by $6.32
  • 19 shares of Alliance Resources Partners LP (ARLP) - This will increase my annual dividends by $50.35
  • 8 shares of Chevron Corp (CVX) - This will increase my annual dividends by $34.24
  • 1 shares of Blackstone Group LP (BX) - This will increase my annual dividends by $3.56
  • 2 shares of Americann Realty Capital (ARCP)
  • 3 shares of Enterprise Products (EPD) - This will increase my annual dividends by $4.50
  • 1 share of T Rowe Price Group (TROW) - This will increase my annual dividends by $2.08
  • 1 share of Exxon Mobil Corp (XOM) - This will increase my annual dividends by $2.92
  • 29 shares of Omega Healthcare Reit (OHI) - This will increase my annual dividends by $62.64
  • 15 shares of Foresight Energy LP (FELP) - This will increase my annual dividends by $22.20
  • 2 shares of HCP Inc (HCP) - This will increase my annual dividends by $4.52
  • 2 shares of Hershey Company (HSY) - This will increase my annual dividends by $4.28

I Sold:

If you wish to view all my completed trades, you can find them located here.

Symbol Open Date Close Date Days Held Quantity Purchase Price Sale Price Current Price Cost Basis Net Proceeds $ Gain / (Loss) % Gain / (Loss) Dividends Received Net Gain / (Loss) Net % Gain / (Loss)
SBUX 4/8/2015 6/12/2015 64 2 $47.40 $52.68 $53.71 $94.80 $105.36 $10.56 11.14% $0.32 $10.88 11.48%
DEO 5/7/2015 6/12/2015 35 2 $108.40 $117.93 $120.77 $216.80 $235.86 $19.06 8.79%   $19.06 8.79%
TAL 2/14/2014 6/15/2015 481 4 $41.90 $35.63 $35.46 $167.60 $142.52 -$25.08 -14.96% $11.52 -$13.56 -8.09%
SNH 2/14/2014 6/15/2015 481 7 $21.46 $18.11 $17.99 $150.22 $126.77 -$23.45 -15.61% $10.92 -$12.53 -8.34%
PBA 2/14/2014 6/15/2015 481 1 $31.54 $32.31 $33.91 $31.54 $32.31 $0.77 2.44% $1.56 $2.33 7.39%
COSWF 2/14/2014 6/15/2015 481 3 $18.45 $8.02 $8.21 $55.35 $24.07 -$31.28 -56.51% $2.13 -$29.15 -52.66%
BHP 2/14/2014 6/15/2015 481 1 $64.94 $42.99 $44.38 $64.94 $42.99 -$21.95 -33.80% $2.48 -$19.47 -29.98%
BXMX 12/16/2013 6/15/2015 539 3 $12.20 $12.70 $12.80 $36.60 $38.10 $1.50 4.10% $3.00 $4.50 12.30%

I also sold off many of my Canadian REITs becuse I didn't like paying the Withholding Taxes and I only had a couple shares in each.  Going to focus on the US REITs.  

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Brent Cook Looks back at the Late 90's

Written by MrStockFox. Posted in Articles

I found this very interesting piece by Brent Cook.  I am about to start picking up Gold Stocks again for my longer term positions.  Speaking of which,  today I purchased additional shares in IVN.to - Ivanhoe Mines.  Brent's article below.

It was tough kid. We were just coming out of the most perfect spring. The fruit trees were all in blossom, streams filled with fish, deer abounded, and we were all feeling pretty right with the world—we owned it and were the chosen ones.

Then we headed out across the flats, believing the prophets that the next paradise, just over the horizon, was even better. But the horizon never came, the land turned to salt flats and dust; the temperature reached 110°, day after day after day. We burned and suffered. The roving bandits knew we were doomed and had no interest in what little we had left. Each promising oasis was a mirage and one by one we lost our way, numbed and staggering in all directions. We lost nearly everyone on that journey which began so optimistically—and naively.

It was brutal and devastating kid; I hope to never go through that again. But some of us did survive to carry on, and I’m here to tell you about it.

Yeah, right, I’ve heard that, but like, what about the 1997 to 2002 mining bust?

Well, that wasn’t really much different kid. We had come off of a truly remarkable mineral discovery boom from 1992 to 1997. The diamond discoveries in the Northwest Territory were fabulous: Diamet went from $0.21 to $55. Aber Diamonds (now Dominion) had a 40% interest in the Diavik discovery and went from $0.50 to $50. In Labrador, another company looking for diamonds, Diamond Fields, stumbled across a nickel showing (Voisey’s Bay) that was eventually acquired by Inco for $164/per share. It had been a $5 stock.

You see the world had suddenly been opened to modern exploration and all we had to do was Go There: we could do no wrong. Huge area plays developed around these discoveries, and the juniors with land on trend or close by doubled and tripled in a matter of months– regardless of the geology or prospectivity.

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Richard Kinder Continues to Buy KMI

Written by MrStockFox. Posted in Trade Ideas

Its good to see the largest owner of the KMI continue to buy shares in the open market.  I personally added to my position late last week with a purchase of 23 shares.  But this in no way compares to Richard Kinder's purchase of 200,000 shares where he bought 100,000 on March 13th and another 100,000 just 2 days ago on June 8th.  Those shares equate to almost $8 million dollars worth.

kmi insider

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UPDATED: Weekly Purchases - 6/7/15

Written by MrStockFox. Posted in Weekly Update

Highlights:

Going back to the end of last month I have been calling for a correction in the energy companies.  I even sold some positions reducing some of my exposure to the sector.  This week I started adding back my energy positions along with further purchases in the REITs  

I Bought:

These purchases increased my annual income by $97.39 over the last week.

  • 4 shares of Enterprise Products Partners (EPD) - This will increase my annual dividends by $6.00
  • 3 shares of LINN Energy (LINE) - This will increase my annual dividends by $3.75
  • 3 shares of Ventas Inc (VTR) - This will increase my annual dividends by $9.48
  • 5 shares of Potash Corp (POT) - This will increase my annual dividends by $7.60
  • 23 shares of Kinder Morgan Inc (KMI) - This will increase my annual dividends by $44.16
  • 11 shares of BP PLC (BP) - This will increase my annual dividends by $26.40

I Sold:

If you wish to view all my completed trades, you can find them located here.

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