Tan Range Gold im Steilflug nach OBEN !!!!! (Seite 3)

[SilberEagle]

[posting]19.862.548 von confidential am 24.01.06 23:02:07[/posting]Grosse Worte die Du da verwendest confidential!

....daß Tan im Verhältnis zu Vergleichsaktien sehr teuer ist.

Du schreibst in der Mehrzahl. Kannst Du dazu bitte einmal konkret 2 Aktien zum Vergleich mit der Tan Range herbeiziehen?

Zu Deiner Chartanalyse Tan Range`s!

Erst einmal die Frage, wo warst Du denn mit Deinen Charts, damals als Tan Range bei 90 Cents, bei 1.- Dollar, bei 1.50, bei 2.- Dollar, bei 3 Dollar, bei Dollar, oder 5 Kanada Dollar stand, und sehr volatil immer weiter nach ganz oben gestiegen ist?

Nun glaubst Du plötzlich aus deinen früher so stummen Charts, was die Tan Range anbelangt, ablesen zu können, dass das Risiko bei Tan Range bestehe, dass sie wieder auf 4.- Dollar zurückzufallen könnte, und empfiehlst hier jetzt die Tan Range zu verkaufen, und suggerierst damit, dass man sie ja dann bei ca. 4.- Dollar wieder zurückkaufen könne.

Ich weiss, dass auch ein Risiko besteht, dass der Eifelturm morgen früh einfach so umfallen könnte.

SilverEagle

[confidential]

[posting]19.744.186 von otd am 16.01.06 23:27:00[/posting]@ otd

vielen Dank für das Hereinstellen des Artikels, der sehr klar aufzeigt, daß Tan im Verhältnis zu Vergleichsaktien sehr teuer ist. Die Aussage jedoch, daß Tan keine nennenswerten discoveries gemacht hat, wird durch die Homepage der Firma nicht gestützt

Das aktuelle Risikopotential für diese Aktie ergibt sich darüber hinaus auch aus dem Chartbild. Korrigiert das Gold jetzt kräftig aus seiner dargestellten Seitwärtsbewegung, kann Tan aus dem Kurzfristkanal nach unten ausbrechen und, z. B., bis auf rund 4 USD fallen.

]http://www.tradesignal.com/content.asp?p=wpa/tsb/default.asp…[/IMG][/url]

Ob jemand dies dann durchstehen möchte, ist seine Sache. Wer das aber nicht kann und gleichzeitig das Gold demnächst korrigieren sieht, der sollte natürlich jetzt noch aussteigen. Seitwärtsbewegungen haben einen Vorteil: Man hat Zeit, seine Meinung zu bilden.

gruß, confi

[Tippgeber1]

TRE -- Tan Range Exploration Corp.
Com (No Par)
Primary Venue: Amex


TRADE DATA Best Bid: N/A Best Ask: N/A
Last Sale: 6.83
Change: -0.22

Percent Change: -3.12
Tick: Down
Daily High: 7.28 Daily Low: 6.52

Opening Price: 7.15 Volume: 1,825,100
Annual High: 7.45
Annual Low: 0.72
Dividend: 0.000 Earnings/Share: -0.03
Previous Close: 7.05 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.45

[BarceloFuerte]

bin heute mit einem weiteren 1/4 raus ! auch diese kohle holt mir jetzt niemand mehr !!

[otd]

Ja stimmt...

otd

[BarceloFuerte]

46: schade das du nicht schon vor einem halben jahr auf diese aktie gestoßen bist. hättest sehr viel freude damit

[otd]

Ich kenn Tan Range nicht, aber kam auf internet auf diese seite. Vielleicht interessant...

otd



http://www.businessday.co.za/articles/mining.aspx?ID=BD4A139…

Posted to the web on: 16 January 2006
Tan Range valued at nearly 2/3 of Royal Gold
David J. DesLauriers - www.resourceinvestor.com


TORONTO - Just before Christmas, RI did a story entitled “How Much Higher Can Tan Range Go?”. At that point gold was $492.50, and Tan Range was trading on AMEX at $4.62. Since then, gold is up 13%, the HUI is up 20%, and Tan Range, which closed Friday at $6.84, is up a whopping 48%.

The last piece received quite a vociferous and irrational response. Much of it speaks to the substantial retail following that Jim Sinclair, known as Mr. Gold has built - and that is driving the stock with little knowledge of valuation.

The December article concluded, “Although Tan Range clearly could have huge upside geologically, it is being valued as though that potential has already been realised. Without the promotional Jim Sinclair factor, the company wouldn’t be worth half (maybe even a quarter) of what it is today. Even with Sinclair, this valuation is pushing it, as in reality the company is still just an explorer. Despite his impressive track record and deep pockets (he takes down all the financings personally), there is so much value to be found in the junior sector right now that it simply doesn’t make sense to pay this much for Tan Range.”

“Any number of quality plays with homerun potential (5 to 10 bagger) present a much more favourable risk/reward ratio. After all, if Tan Range went up five to ten times from these levels it would command a valuation greater than that of most mid-tier producers - a scenario which seems fairly difficult to envision at the moment.”

That is still the case, and as one might glean from the title of this article, we intend to make a comparison between Tan Range and Royal Gold to further illustrate the point. At their respective closing prices on Friday, January 13, 1.56 shares of Tan Range bought 1 share of Royal Gold.

Tan Range

Jim Sinclair explained the royalty concept in an interview with The Wall Street Reporter in December, and said, “We plan to develop royalty income from exploration successes on our holdings which just happen to be in one of the world’s most prospective gold producing belts.”

That is all well and good, and no one can deny the extremely impressive land package that the company has assembled, but the results of mineral exploration are unknowable.

For that reason, Tan Range is building what can only be described as a royalty business without timelines, without milestones, without target dates for cash flow, profitability, or anything else. As a business plan, it is just a black hole, and investors cannot apply any of the standard metrics in valuing Tan Range. If the company gets unlucky and doesn’t make a significant find in the next 5 years, then the putative royalty company will still just be an explorer with a valuation that is out of sight.

Even if a world-class discovery is made tomorrow, drilling it, delineating the resource, going through bankable feasibility, financing, permitting and construction, would most likely take 5-7 years. By then, Tan Range shareholders could well have missed a large part of the secular bull market in gold, and would not have capitalised on monetising high prices - which they could do immediately with other vehicles that are already receiving cheques from producing mines, and don’t have market capitalizations dramatically different from that of Tan Range.

Royal Gold

According to Royal Gold’s investor fact sheet published in November 2005, the company has $110m in cash, was projecting $18.1m in free cash flow for fiscal ’05, and had royalties from 6 producing mines, 5 of which are located in the U.S.

The company has also completed some very interesting deals of late, such as the financing of High River’s Taparko project which is slated to begin production in late-2006, and the acquisition of certain Kennecott royalties including a 3% NSR on the producing Robinson mine in Nevada operated by Quadra Mining and a sliding scale royalty on Alamos Gold’s Mulatos mine in Mexico which is on the cusp of production.

As a result, Royal Gold is capitalizing on high gold prices and should experience excellent cash flow growth in the next couple of years. Royal Gold also has royalties on numerous exploration & development properties across the world.

International Royalty Corporation

We should also mention International Royalty Corporation, which has a comparatively miniscule market capitalization of C$224m, 1/3 of Tan Range’s valuation, and 1/5 of Royal Gold’s.

IRC has a portfolio of over 60 royalties, most of them on exploration and development properties, and a 2.7% NSR on Voisey’s Bay set to start producing soon, which should provide C$20m in annual revenue starting this year. Information on the company’s other royalties can be found at the company’s website.

Comparison

Buying shares of IRC or Royal Gold is an investment in world-class mines that are already in production and throwing off cash – buying shares in TNX is a speculation that a very nice land package could result in a discovery, which will generate cash flow in 5+ years time.

That is a bet that your humble correspondent would take if it was offered at the right price, but with Royal Gold and all of its operations valued at only 1.56 times Tan Range, and IRC at a tiny 1/3 of Tan Range’s valuation, it is not a bet that makes sense at this price.

Conclusion

Investors need to decide whether they are valuing Tan Range as a royalty company, or an explorer. If it is a royalty company, then Royal Gold and International Royalty Corp. arguably represent much better value, as Tan Range is probably at least 5 years away from any serious royalty income. If it is an explorer, then it is being valued as though it has already made a large discovery, which it hasn’t – and there are many other exciting explorers to choose from with a fraction of the market cap.

Tan Range is a very expensive stock that could stay very expensive, and if gold keeps running, Tan Range could well continue to appreciate alongside it - but investors should be aware of how much they are paying, and what they are getting in return, both relatively and absolutely.

[BarceloFuerte]

wahnsinn wie das ding explodiert ist und es gibt kein halten nach oben und alles ohne über 50.000 pusher postings

[BarceloFuerte]

viel fehlt ja nicht mehr bis zu den 8 dollar. sollte nächster woche diese marke genommen werden, dann werde ich mich von einem viertel meines bestandes trennen. mit dem rest wird dann weiter im markt geblieben aber mit einem immer wieder neuen stop kurs.
ps: und wie man bei dieser aktie sieht, geht es auch ohne pusherei nach oben, mit zig tausend smiles und guten morgen grüßen

[BarceloFuerte]

41: ich wäre schon mit 8 dollar "sehr zufrieden"