Keep an eye on PGI think they will fly today>>>low depth on offer ...Know of a buyer after 300-400k likely today
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Keep an eye on PGI think they will fly today>>>low depth on offer ...Know of a buyer after 300-400k likely today
some good moves on open EVN 15% KCN 18% NST 9.8% NCM 8% come on PGI only 3.7% (we need update on production)
Yes very good ..I see the top movers on the ASX200 all gold producers ....
As for the short term I really thin T/A wise Gold will trend higher from here to till 1410-1420oz USD resistance area ...just checkout the 6 month chart 1350 has been a very pivotal point of late...
Attachment 4842
upcoming bullish news for GOLD
http://www.reuters.com/article/2013/...98G0KD20130917
Lew repeated a warning he made last month that Treasury would run out of borrowing options around mid-October, when he said that Treasury would be left with only around $50 billion in cash on hand. Default could come soon after that.
Really shows how screwed up the media is ...I watch hours of CNBC per day for the last couple months all I kept hearing was the "TAPER"!!! ...the taper is coming!!! the US is looking great bah bah ...so far nothing on the Debt ceiling NOTHING round a month to go ...and the ten of thousands of US Gov workers won't be getting paid .FBI,CIA, etc.. Every Thursday, the Treasury pays investors back about $100 billion that investors immediately lend back to the government, a process known as rolling over the debt.
"If U.S. bond holders decided that they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate the entire US cash balance,"?? panic stations
It's days like these that make being a gold bug so worthwhile.
Iron Ore / Nickel producers also fairing well. My MBN bought at 6.7 yesterday is looking good but gold producers are getting a hefty hike.
Discl: still holding GRY, EVN, SBM, TRY and a few other mineral diggers (will look to sell tomorrow 3pm-ish, otherwise Monday). Even with the massive 20% hike on some gold stocks this morning, there's at least a couple of days of bullish sentiment to get these climbing higher - and besides we have yet to recover from the 25% slide on some stocks over the past week (e.g. KCN, SBM, etc). Knowing when to sell is just as important as knowing when to buy - some would argue more important.
Now I just need Fukushima to be repaired so that my ERA and PDN can lift.
I've flown to AKL this morning to take family out to dinner (today's windfall makes me feel sufficiently generous to pick up the tab!)
Enjoy the wave, boys. Surf's up.
Great announcement from GOR today, I more than doubled my stake this morning.
EXTENSIVE GOLD ANOMALISM IDENTIFIED
AT BREELYA-MINNIE HILL CAMP
http://www.goldroad.com.au/reports/AugeratBreelya-Augustafinal.pdf
Have you analysed this company, Daytr? Are they producing as well as exploring & developing? And if so, what are their operating costs, do you know? I have not been able to find 'em.
Try this.
http://www.goldroad.com.au/
Quite a few of us did rather well out of GOR ( previously EKM ) thanks to Steve Fleming.
http://www.sharetrader.co.nz/showthr...&highlight=ekm
Looking forward to a double dip here. These guys aint half bad at selling their story.
Sorry about the bold type, was just copying & pasting.
They aren't in production but have 1.6M ounces in reserve/resource category & their target is 4m ounces.
With targets of 15Kms to look at they have a good chance of surpassing that.
I have met them & they seem like good operators. I've been in & out of them a few times & made good dough, but I will stick with a core holding from now as I think this has the potential to be massive.
Speaking to a few of my ex project finance colleagues & they have been pretty positive toward the company & that was before the latest exploration success they have had.
OK - I've just picked up a bundle at 8.8c. Given their potential, these may need to go into the bottom drawer, as part of my rather slim investment portfolio (yep, patience is a virtue of which I've not been overly endowed - 80% of my stocks end up being short to medium term trades, particualrly when my stops are hit). This stock does look good for the long haul.
Cheers,
BC
Nice one BC, I must admit I was a little surprised the announcement yesterday didn't create more buy interest. Anyway plenty of drill results to come in the coming months which is always nice to ride especially considering their previous success rate.
I bought into Hillgrove Resources (HGO) yesterday after seeing it dive to 6c.
$14m NPAT, $18.6 EBITDA and $17m cash.
Recent big issue ($10m institutional placement at 7c) will bring upward pressure on sp. Fundamentals look OK and so I was drawn in @6.1.
I must admit, I don't know a lot about their management (Greg Hall, Russell Middleton, Steven McClare, Jim Kerr, etc) - any comments on their history?
BC
Funny I had just put them back on my radar. I have met Russell Middleton a couple of time & was pretty impressed, smart guy. Will refresh my research & revert.