LGL - Lihir Gold

chops_a_must · 2 February 2007

Re: LHG - Lihir Gold

Could be looking at a strong breakout for LHG this morning.

Freeballinginawetsuit · 2 February 2007

Re: LHG - Lihir Gold

chops_a_must said:
Could be looking at a strong breakout for LHG this morning.

And BSG.

chops_a_must · 2 February 2007

Re: LHG - Lihir Gold

Freeballinginawetsuit said:
And BSG

Both charts are looking good.

Dr Doom · 2 February 2007

Re: LHG - Lihir Gold

chops_a_must said:
Could be looking at a strong breakout for LHG this morning.

Hey chops,
Hope so, but for some reason, gold stocks are lagging the pog lately?. Hopefully they will start to play catch-up soon, LHG my preferred goldy for both production and takeover. Should be interesting day today as LHG approaches top of channel (again!!) at $3.20, see if it can break through . Good attempt yesterday but have to be happy with the gain on the day. May retrace a bit, then resume upwards?. Buy target of $3.16.
DD

Sean K · 2 February 2007

Re: LHG - Lihir Gold

Dr Doom said:
Hey chops,
Hope so, but for some reason, gold stocks are lagging the pog lately?. Hopefully they will start to play catch-up soon, LHG my preferred goldy for both production and takeover. Should be interesting day today as LHG approaches top of channel (again!!) at $3.20, see if it can break through . Good attempt yesterday but have to be happy with the gain on the day. May retrace a bit, then resume upwards?. Buy target of $3.16.
DD

I agree that if this does eventually break this very strong resistance line it could really jump. No target in mind. I think some will be switching out of NCM into this too, after their ann.

chops_a_must · 2 February 2007

Re: LHG - Lihir Gold

Dr Doom said:
Hey chops,
Hope so, but for some reason, gold stocks are lagging the pog lately?. Hopefully they will start to play catch-up soon, LHG my preferred goldy for both production and takeover. Should be interesting day today as LHG approaches top of channel (again!!) at $3.20, see if it can break through . Good attempt yesterday but have to be happy with the gain on the day. May retrace a bit, then resume upwards?. Buy target of $3.16.
DD

It had a little peak at it, and then went back in its hidey hole. Volume is still good, so lets see if it can have another crack.

Dr Doom · 3 February 2007

Re: LHG - Lihir Gold

Failed again! Not sure if the sp will re-trace back below $3 again in this cycle so will wait to see where it bottoms on Monday I guess. May get caught up in the commodities sell-off. Interesting day Monday

porkpie324 · 3 February 2007

Re: LHG - Lihir Gold

Did my first LHR trade made 20c closed on Thursday, will see what happens next week now. porkpie

chops_a_must · 5 February 2007

Re: LHG - Lihir Gold

Dr Doom said:
Failed again! Not sure if the sp will re-trace back below $3 again in this cycle so will wait to see where it bottoms on Monday I guess. May get caught up in the commodities sell-off. Interesting day Monday

I've been impressed with its price action today. Opened on its low, and has been steadily climbing all day, against the POG. And it looks as if it's going to close on its high. Maybe another proper run at 3.20 tomorrow?

chops_a_must · 9 February 2007

Re: LHG - Lihir Gold

Why wont you budge? Lol!

Jadefox · 10 February 2007

Re: LHG - Lihir Gold

chops_a_must said:
Why wont you budge? Lol!

When it finally does it should be quite spectacular - it's been moving sideways for soooo long. So far it's been profitable for traders to trade the range so until the gold price makes a clear breakout I guess that's what will
continue to happen.

Jadefox · 10 February 2007

Re: LHG - Lihir Gold

Wouldn't like to be short LHG now. If the POG can stay above $660 for several days then traders should have most of their doubts cleared about which direction the price is headed.

rederob · 10 February 2007

Re: LHG - Lihir Gold

Lihir continues to be "marked down" because of its local Victorian gold mine acquisition.
However, any continuation of higher gold prices will see the acquisition as a real positive due to the high reserves and capacity to generate ongoing substantial profits.
Lihir's PNG mine is one of the few that can reduce/contain its cash costs due to its geothermal power plant, while most others will have higher energy cost imputs.
I wonder if BHP is looking at adding gold to its list of metals?

Jadefox · 11 February 2007

Re: LHG - Lihir Gold

There may be only a small window of time to make a move on Lihir at current price levels.

chops_a_must · 12 February 2007

Re: LHG - Lihir Gold

Jadefox said:
There may be only a small window of time to make a move on Lihir at current price levels.

Yes. It looks to be breaking out right at this moment.

theasxgorilla · 12 February 2007

Re: LHG - Lihir Gold

chops_a_must said:
Yes. It looks to be breaking out right at this moment.

Trading at highest prices since the 15th of May last year.

Go Nuke · 12 February 2007

Re: LHG - Lihir Gold

LHR might have broken out...but is it too late to buy into??

Its got a good track record for taking a bit of a dive after each of its previuos highs.

Im sure the merger has made the difference......but too many times Ive bought on a high only to see it come crashing down in the weeks to come.

Dr Doom · 12 February 2007

Re: LHG - Lihir Gold

I'd really like to see it go further but I've got a feeling there might be a correction in the general market looming that will drag gold stocks back a bit, in an otherwise bullish gold market. Any corrections back for LHG now are last chance opportunities, higher lows & higher highs, as long as the pog keeps going, which may falter a bit tonight?.

Jadefox · 12 February 2007

Re: LHG - Lihir Gold

One scenario might be a move to 3.40 or so then a pull back to the break out point at around 3.26. If it can establish a low on top of the old high then that would be an ideal buy or 'add to position' point.
Agree with Doom that any pullbacks are buying opportunities from here provided that the POG maintains its upward momentum.

Go Nuke · 12 February 2007

Re: LHG - Lihir Gold

Well ive set to buy at $3.23...dunno if thats a stupid idea or not, but I have this bad habit of believing that im going to miss the boat

Perhaps thats y 4/5 of my stocks are now less than what i bought them for

But from what Ive read...Lihir is reguarded as a pretty safe investment...so even if it does go a bit sour in the short term...hopefully it will pay off in the long term

LGL - Lihir Gold

chops_a_must

Printing My Own Money

Freeballinginawetsuit

chops_a_must

Printing My Own Money

Dr Doom

Sean K

Moderator

chops_a_must

Printing My Own Money

Dr Doom

porkpie324

chops_a_must

Printing My Own Money

chops_a_must

Printing My Own Money

Jadefox

Jadefox

rederob

Jadefox

chops_a_must

Printing My Own Money

theasxgorilla

Problem solved... next bubble.

Go Nuke

Dr Doom

Jadefox

Go Nuke

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