Gold Plunges, Stock thoughts: CPG, SMC, MPI

Gold Plunges

A good article presenting valid reasons for the decline of gold price:

http://www.interaksyon.com/business/59519/gold-prices-plunge-to-lowest-level-in-2-years

As long as gold prices won’t go down below $1,000 there is nothing to worry about. If it does then APX would operate at a loss again and PX’s income would be trimmed a lot.

CPG

CPG declared cash div:

http://www.pse.com.ph/resource/disclosures/2013/pdf/dc2013-3087_CPG.pdf

CPG should have not declared cash div. Management should have plowed the cash back to the Company.

My opinion only.

SMC

Yesterday I asked how SMC will fund their projects, I guess it would be through this $2 B note:

http://www.bworldonline.com/content.php?section=Corporate&title=San-Miguel-readies-up-to-$2-B-debt-notes&id=68715

MPI

MVP group also raised some capital through First Pacific’s $400 million international bond offering:

http://www.philstar.com/business/2013/04/16/931056/mvp-set-expansion

They claimed it was 7.5x oversubscribed.

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2 thoughts on “Gold Plunges, Stock thoughts: CPG, SMC, MPI

    • Hi bro,

      Probably it would only be the gold mining companies. APX and PX’s cost of mining gold is (to my memory) $925. if it goes below that, then mining gold will not be feasible.

      Average gold cost of production in the world is $1,150. It should not go below that.

      🙂

      Reply

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