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Re: BMO - BMA Gold
today BMO closed at $0.375.
Will next week go up to 0.380 ?????
today BMO closed at $0.375.
Will next week go up to 0.380 ?????
GDO - Gold One International
- Thread starter RichKid
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RichKid
PlanYourTrade > TradeYourPlan
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Re: BMO - BMA Gold
If gold goes the way it's going this'll break above 40 imo; gold hit US$685 a few hours ago, Monday is still 2 days away!! Only concern is that gold is overextending, it may hit 700 but that may only be a spike. Buying volume in BMO is the key, not just price.
BTW, is there a definite date for new production/first pour or whatever it is that the punters are expecting in June???
kr1zh said:
If gold goes the way it's going this'll break above 40 imo; gold hit US$685 a few hours ago, Monday is still 2 days away!! Only concern is that gold is overextending, it may hit 700 but that may only be a spike. Buying volume in BMO is the key, not just price.
BTW, is there a definite date for new production/first pour or whatever it is that the punters are expecting in June???
RichKid
PlanYourTrade > TradeYourPlan
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Re: BMO - BMA Gold
Well folk, today was a breakout imo (41c, big buying), YT has got what he was looking for. I'd like to buy more if I get the chance, but it may tank if sellers are on the prowl. Hartleys had a valuation of about 44 to 50c on it a few months ago before gold took off, wonder if it's much higher now? I got into this last week- just luck as some of the other stocks I traded didn't do much.
Well folk, today was a breakout imo (41c, big buying), YT has got what he was looking for. I'd like to buy more if I get the chance, but it may tank if sellers are on the prowl. Hartleys had a valuation of about 44 to 50c on it a few months ago before gold took off, wonder if it's much higher now? I got into this last week- just luck as some of the other stocks I traded didn't do much.
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Re: BMO - BMA Gold
Rich you better believe it!
Breakout!!!!
Rich you better believe it!
Breakout!!!!
RichKid
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Re: BMO - BMA Gold
Hi YT,
Gold chart not looking good atm but this is probably not speculators buying; but those weaker hands may exit, all in the volume.
YOUNG_TRADER said:
Hi YT,
Gold chart not looking good atm but this is probably not speculators buying; but those weaker hands may exit, all in the volume.
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Re: BMO - BMA Gold
BMO is now up to 42.5 cents...
Where is it heading now?
BMO is now up to 42.5 cents...
Where is it heading now?
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Re: BMO - BMA Gold
Gold @ $700 US/oz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My target is $720 (before next range begins) soon to be met!
Gold @ $700 US/oz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My target is $720 (before next range begins) soon to be met!
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Re: BMO - BMA Gold
And with that gold price it looks to open very strong indeed, I knew that once through the rough seas of 30c - 40c the stock would begin to leap and bound ahead!
YOUNG_TRADER said:
And with that gold price it looks to open very strong indeed, I knew that once through the rough seas of 30c - 40c the stock would begin to leap and bound ahead!
RichKid
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Re: BMO - BMA Gold
There's been a fair bit of selling, have to see if the buyers win out, price is above the prior resistance level so it's ok for now.
Mumbank said:Another nice start to the day - let's hope it can sustain this run and get even higher. Between this one and FAR and ENG I'm having a lovely little run:
There's been a fair bit of selling, have to see if the buyers win out, price is above the prior resistance level so it's ok for now.
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Re: BMO - BMA Gold
Fat Prophets have new rec of buy around 45 ...I like this stock!!!
Fat Prophets have new rec of buy around 45 ...I like this stock!!!
RichKid
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Re: BMO - BMA Gold
Thanks for the tip kgee, that's great, but the technical story suggests caution as we have seen two strong sell days....but I'm looking to pyramid at the first opportunity, it's upto the market now to tell us what to do. It's great that they consider this good value (they are value seekers) so we only have to know their time frame, which I think is probably several months out so even if BMO collapses to 30c they'll be bullish. It's how you trade it that matters for us traders. Once the weak hands are cleared we'll know how far this baby can run.
btw, did they say that today?
kgee said:
Thanks for the tip kgee, that's great, but the technical story suggests caution as we have seen two strong sell days....but I'm looking to pyramid at the first opportunity, it's upto the market now to tell us what to do. It's great that they consider this good value (they are value seekers) so we only have to know their time frame, which I think is probably several months out so even if BMO collapses to 30c they'll be bullish. It's how you trade it that matters for us traders. Once the weak hands are cleared we'll know how far this baby can run.
btw, did they say that today?
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Re: BMO - BMA Gold
yep it was today...and with a market cap of 103 million maybe some investment funds may be interested??
ps why wasn't the gold chart looking good on the 8th when we hit $700 last night?
yep it was today...and with a market cap of 103 million maybe some investment funds may be interested??
ps why wasn't the gold chart looking good on the 8th when we hit $700 last night?
RichKid
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Re: BMO - BMA Gold
It's still a small co but hopefully we'll know who's selling in the next few days, if it's the big guys then that old high is crucial, if not it really doesn't matter as weaker hands get cleaned out eventually. I'd really like to see how much they sold on the spot market in this quarter, huge margins.
About gold: It was trading in a narrow band, when I saw a break to the downside I thought that it had failed but it turned out to be a test of the weaker hands and then it reversed and shot through to 700. This is really overdue for a correction in the short term, it's just hard to say when, nothing goes up continuously; long term it's bullish for me.
kgee said:
It's still a small co but hopefully we'll know who's selling in the next few days, if it's the big guys then that old high is crucial, if not it really doesn't matter as weaker hands get cleaned out eventually. I'd really like to see how much they sold on the spot market in this quarter, huge margins.
About gold: It was trading in a narrow band, when I saw a break to the downside I thought that it had failed but it turned out to be a test of the weaker hands and then it reversed and shot through to 700. This is really overdue for a correction in the short term, it's just hard to say when, nothing goes up continuously; long term it's bullish for me.
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Re: BMO - BMA Gold
Yep a correction is due....which might provide a buying opportunity
I forgot to mention There should be an update coming soon from drilling results and maybe they can add some more gold to there reserves.
FatPs EPS for 2006 estimated 5.0 c. PE 8.3 2007 EPS 13.0 c. PE 3.2
These are at Gold $600 us. and for 2006 production at 30000 oz which they hope might be more like 40000 oz and does not take into account the lone sister deposit
Yep a correction is due....which might provide a buying opportunity
I forgot to mention There should be an update coming soon from drilling results and maybe they can add some more gold to there reserves.
FatPs EPS for 2006 estimated 5.0 c. PE 8.3 2007 EPS 13.0 c. PE 3.2
These are at Gold $600 us. and for 2006 production at 30000 oz which they hope might be more like 40000 oz and does not take into account the
lone sister deposit
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Re: BMO - BMA Gold
Stock is encountering so much selling, this is a hold and forget for me, not going to worry about what the 'sheep' do in the short term, long term, stock should hit $1,
Stock is encountering so much selling, this is a hold and forget for me, not going to worry about what the 'sheep' do in the short term, long term, stock should hit $1,
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Re: BMO - BMA Gold
I couldn't find a forum to post this on but since it mentions BMO I thought I'd come here ...Its Hartley's comparison of Australian Gold Producers ...it's a very interesting read with a good rating for BMO especially for Enterprise value vs the price of gold
check it out
http://www.try.com.au/media/pdf/HartleysJan06.pdf
I couldn't find a forum to post this on but since it mentions BMO I thought I'd come here ...Its Hartley's comparison of Australian Gold Producers ...it's a very interesting read with a good rating for BMO especially for Enterprise value vs the price of gold
check it out
http://www.try.com.au/media/pdf/HartleysJan06.pdf