ALERTA - Royal Gold (RGLD) a subir mais de 6% com forte volume

[Paciente]

Todas essas acções têm revelado uma força relativa muito boa.

Mas atenção que a BVN faz "hedging". Isto implica que apesar dos bons fundamentais - por ex. PER baixo - o potencial de crescimento dos seus resultados está limitado.

Outra blue-chip que tem liderado o sector é a ABX (Barrick Gold). O gráfico está muito bom já faz tempo. Mas sofre do mesmo problema que a BVN.

[Antunes]

A ABX tem, de todas que analisei, os piores fundamentais! E, quando analiso os fundamentais, dou muita importância à rubrica do crescimento de longo prazo: "Revenue" e "EPS" em % a 5 anos.

A PAAS e a MDG também estão bem cotadas...

[Paciente]

Alguém entrou longo?

[Paciente]

Para já a LTa e os 50% de Fibo mostraram-se um excelentes suportes à cotação. Vamos ver o que a RGLD nos reserva na semana que vem.

[Antunes]

De facto passou dos 23 e tal USD. A corrida não durou muito mas foi proveitosa para quem aproveitou!

O padrão agora pode ser um BARR...

[Paciente]

Royal Gold to help fund high river Burkina Faso Gold project

The Canadian Press - www.resourceinvestor.com


TORONTO - Royal Gold Inc. is putting up $35m to help fund High River Gold Mines Ltd.'s development of the Taparko-Bouroum open-pit mine and processing plant in Burkina Faso.

The companies said Tuesday that Royal Gold, headquartered in Denver, will provide the money over the next year to Somita SA, which is 90% owned by Toronto-based High River Gold and 10% owned by the west African country's government.

In exchange for the $35m, Royal Gold will receive production payments and royalties.

The project is scheduled for completion in the third quarter of 2006.

The first production payment to Royal Gold will be 15% of the produced gold up to a total of $35m. A parallel tier of production payments is set at 4.3% of production, with provision for a lower or higher rate if the price of gold moves outside a range between $385 and $430 per ounce.

After those payments cease, there will be a 2% gross smelter return royalty applied to gold from defined portions of the Taparko-Bouroum project, and a 0.75% royalty on ore from outside that area.

"This project expands our portfolio to a nation which has a stable, democratic political system and a reliable legal system," stated Stanley Dempsey, chairman and CEO of Royal Gold.

"We are also pleased to be associated with the experienced and capable management team at High River, and the high-quality gold deposits at the Tarparko-Bouroum Project."

High River [TSX:HRG] estimates Tarparko's proven and probable reserves at 7.8 million tonnes of ore at an average grade of 2.88 grams per tonne, or 720,000 ounces of gold. The Bouroum deposits, 29 kilometres away from Tarparko, are estimated at 800,000 tonnes at 4.15 grams per tonne, for 107,000 proven and probable ounces.

High River said its "innovative arrangement" with Royal Gold "is more advantageous in respect of the project than traditional bank project financing taking into account all relevant factors, including costs associated with bank fees, gold price protection, cash reserve accounts and other normal bank requirements."

High River previously announced its intention to expand the plant by half to 1.5 million tonnes per year during the second year of production; the additional 500,000 tonnes would not be subject to the Royal Gold milling fee.