Stockchase Opinions

Bill BelovayAnglogold Ashanti Ltd.AUBUYJan 05, 2006

They have a footprint in virtually every continent as well as a stock exchange listing in every continent. Very good assets.
$51.29

Stock price when the opinion was issued

$82.22

As of Jun 11, 2026. Market Open.

precious metals
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DON'T BUY
AU vs. IMG

Neither is in the lowest-cost quartile in the space. IMG is the most-improved gold story in Canada. He is a gold bull, but neither would be in his Top 20.

PARTIAL SELL

It is pricy so take half your position and sell it. The big theme is wearables. There is a core of individuals who would want the information their products could deliver. It is pricey in terms of valuation. He would be interested if he saw a significant dip.

TOP PICK
Go long and short a July call option @$45. You limit the up side but limit your risk. Gold stocks are great to do this on.
PAST TOP PICK

(A Top Pick Feb 3/09.) (BNN doesn't calculate % gains/losses anymore. Would make my job easier! Bill) Covered call writing. Long at $26.92, Short Feb. $30 Calls for $1.50.

TOP PICK
Covered call writing. Long at $26.92, Short Feb. $30 Calls for $1.50. If you annualized the numbers you get about 30% a year presuming you keep rolling the options.
WEAK BUY
South African operating margins are being squeezed by the strength of the rand. Does have some major operations outside of S.Afr. A good stock if you want a general exposure to the gold market.
WEAK BUY
Has substantial hedging. A solid company and pays a dividend. Would prefer others.