Ah well, it's not on commsec's short list, so that solves my problem.kennas said:There's some POG spt at $600 and LHG has hit 200 d ma and also approaching some upward support line. Not much though. SO, I think they are related to some degree. Perhaps I'm just seeing what I want.(holding - last bought in around $2.75)
I've got some mixed signals on this:Dr Doom said:Looks like a critical juncture for LHG around these levels ie at trendline support or breakdown. May have gotten caught up in the BDG fiasco as POG held steady?. Ready to enter on re-bound?.
I hadn't heard that before. I've used 200d for a little while which I have found to be a good support line normally. I've seen other people use 90d ma, but it's a bit more hit and miss. (would like to do a better study of the best psychological ma spt line!)Dr Doom said:kennas, how does it look with a 300 day ma, as I recall this is a good indicator with the POG, having bounced of that level in the past, when the 200 day has been breached?.
Yes, everything goes up and down. Most commods have whipsawed. Not for the faint hearted. IMO it's still going up until it breaks down through $2.65 ish. Below that, its troubling.....Ken said:kennas
On 10 occassions I count. LHG has had a fall since its big run up.
It looks a volatile stock.
Is damn high! Reason being they've been ramping up to full production at Lihir for some time and are still not really there. So, the future earnings are factored into the sp, along with an increased future POG. It's justified if gold goes to $700 and beyond. Maybe.Steveo said:Thoughts on their PE of around 58?
I think LHG are going to have to keep acquiring other junior/mid goldies, or they will become a TO target. The big producers have stated they are after advanced projects with over 2m oz au, and LHG have over 20m. The sovereign risk has been an issue, but it ´s been stated for years with no issue ever arrising. Perhaps NCM and LHG could merge to create a great Aussie goldie! They ´d have close to 80m oz au together.Dr Doom said:Nice set of figures this morning for LHG. Finally hitting the sweet spot.
Net profit up 445% to $53.4 million
• Construction projects close to commissioning
• +1 million ounce feasibility study announced
• Reserves increased 23% to 23.6 million ounces
• Ballarat merger proceeding to plan
• On track to achieve 800 – 830 kozs production in 2007
Should be re-rated after the figures are examined further by brokers etc.
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