LGL - Lihir Gold

Sean K · 24 May 2007

Re: LHG - Lihir Gold

Looking forward to those $2.25 shares on Friday.

Showing some unusual strength and volume so far today in a down market and gold sideways.

Was such a shame the spp and restructure was ann'd when it was as it was clearly breaking out of the 1 year sidways move from May 06. Oh well, maybe lucky. If the sp was toward the bottom of it's cycle it might have plummetted.

I have read some contradictory reports on how the BGF acquisition is going and will go. LHG are forecasting some pretty big numbers for gold output, while some analysts are thinking they are a tad optimistic. They need to get it right or they'll be in the dog house I feel. Ballarat is just too close to Bendigo for my liking....

chops_a_must · 24 May 2007

Re: LHG - Lihir Gold

kennas said:
Looking forward to those $2.25 shares on Friday.

Showing some unusual strength and volume so far today in a down market and gold sideways.

Was such a shame the spp and restructure was ann'd when it was as it was clearly breaking out of the 1 year sidways move from May 06. Oh well, maybe lucky. If the sp was toward the bottom of it's cycle it might have plummetted.

I have read some contradictory reports on how the BGF acquisition is going and will go. LHG are forecasting some pretty big numbers for gold output, while some analysts are thinking they are a tad optimistic. They need to get it right or they'll be in the dog house I feel. Ballarat is just too close to Bendigo for my liking....

Kennas, on my data, LHG is bumping up against it's all time EOD high. I can't see the reason for it doing so... but it just is. It looks to be close to breaking out on volume with strength. If it can hold these levels when the new shares come on, it will well and truly be at an all time high (or equivalent). We'll see what happens from here... but I'm not complaining.

Cheers,
Chops.

the barry · 24 May 2007

Re: LHG - Lihir Gold

kennas said:
Looking forward to those $2.25 shares on Friday.
...

Have you recieved notification on wether you have got them yet or will they show up in the account on friday?

Sean K · 24 May 2007

Re: LHG - Lihir Gold

the barry said:
Have you recieved notification on wether you have got them yet or will they show up in the account on friday?

I used my Margin Lending account to buy these and the money has been taken from the account, so I can only assume that LHG are going to give me the stock. The retail offer was undersubscribed by $27m which was sold to institutions, so if you applied, you'll get the allocation. Wish they had have offered retail more shares since it was undersubscribed. Who wouldn't have bought more shares at $2.25? Crazy! Will be interesting to see the reaction after Friday. Not sure if anyone would have a great reason to cash in on the day. Cheers.

Sean K · 28 May 2007

Re: LHG - Lihir Gold

the barry said:
Have you recieved notification on wether you have got them yet or will they show up in the account on friday?

Did you get yours Barry? Stock is about even at the moment, so not many people are taking the stag profit which is good I suppose. Now we just need the Middle East to stay hot, POI up, US interest rates down, $US up, gold up, and LHG up. Easy.

Sean K · 1 June 2007

Re: LHG - Lihir Gold

Gold forming an ascending triangle of sorts and looking bullish to break up IMO. Better analysis is in the gold thread. LHG also ascending and approaching top of triangle at 3.25 and a break through here will probably coincide with gold break up through $690. Not in the bag of course but I've got a fuzzy feeling at the moment. Perhaps that's the hangover. :

PS, still worried about the BGF acquisition.

the barry · 1 June 2007

Re: LHG - Lihir Gold

kennas said:
Did you get yours Barry? Stock is about even at the moment, so not many people are taking the stag profit which is good I suppose. Now we just need the Middle East to stay hot, POI up, US interest rates down, $US up, gold up, and LHG up. Easy.

Just checked the account, mine have showed up. Got the whole allocation so very happy about that. Just on a side note, I bought normandy mining many a moon ago when they unhedged their position in the hope of a takeover. Am hoping for a similar outcome with this one in the long run. As you say, just need the spot price to head north.

chops_a_must · 25 June 2007

Re: LHG - Lihir Gold

LGL was in the bed and someone said roll over, roll over. So LGL rolled over and it fell out with its head bashed in and its balls hanging out. Please remember to tie a knot in your pyjamas!

Out today... and I'm glad as well. Gold might finally be breaking to the down side...

Good luck, but it doesn't look pretty.

Sean K · 24 July 2007

Approaching potential breakout region maybe, being supported by POG atm. Perhaps if POG breaks $690 this will break through. If not, back down she goes probably.....

(holding, holding, holding....getting bored with this up and down cr@p!)

Sean K · 26 July 2007

That Quartely looked pretty good to me.

I think Lihir island is in the bag now it's de-hedged and the new power plant is cooking, but the BGF comments give me a warm and fuzzy. These guys are now unhedged and debt free! What's next? Surely they should be looking to further acquisitions to stave off predators, but I am lobbying for an Austalian gold mining super company. A tie up between NCM and LHG. They MUST be thinking about it. Gotta be. Great synergies, common values, and they've got to stop the US/Canadians/Sud Afrikanas from buying out all our decent gold fields!!!

Come on boys, get your act together. Save our gold!!!

Sean K · 10 September 2007

One of a few green ones today, probably on POG strength and the upcoming TSX listing ann today seen below.

I've been adding to my gold holdings the past few months that may benefit from USD turning into toilet paper.

Chartwise, not a bad breakout through $3.25 ish.

chops_a_must · 10 September 2007

"Chartwise, not a bad breakout through $3.25 ish. "

On my adjusted data Kennas, it is a clear blue sky break through resistance. Looks pretty strong really.

rustyheela · 11 September 2007

LGL listing on the TSX

you would think this, positive p.o.g., and now with the hedge unwound, this would be very positive for Lihir!!
Go figure!!

Whiskers · 18 September 2007

Looks like a doji has formed around $3.52.

Anyone have any ideas? Is this the end of the run for now?

Sean K · 19 September 2007

Whiskers said:
Looks like a doji has formed around $3.52.

Anyone have any ideas? Is this the end of the run for now?

More spinning top than a doji, indicating indecision, more than reversal. They both need follow on action for confirmation of trend reversal. Likely to get a clue one way or the other tonight. If rates are lowered .50 then I think it will continue up. If rates are on hold, POG will come off. If dropped .25, could go either way, but probably come off. I think .25 drop is definately factored in, .50 less so. Just as a pluck.

Sean K · 19 September 2007

Will probably see it nudge all time highs here. Potential breakout perhaps? Will be interesting to see how it pans out.

Will probably see profit taking across the board today and maybe even gold. US disaster still looms IMO which could take all stocks with it as we have seen previously...

Still treading cautiously.

chops_a_must · 19 September 2007

kennas said:
Will probably see it nudge all time highs here. Potential breakout perhaps? Will be interesting to see how it pans out.

Will probably see profit taking across the board today and maybe even gold. US disaster still looms IMO which could take all stocks with it as we have seen previously...

Still treading cautiously.

Ah well, on my data it is at all time highs... which makes sense. Apparently it went nuts on its debut on the TSX last night. So... who knows?

PhoenixXx · 19 September 2007

chops_a_must said:
Ah well, on my data it is at all time highs... which makes sense. Apparently it went nuts on its debut on the TSX last night. So... who knows?

Broke couple resistances on $3.50-ish and now sitting at record high. Getting a bit jittery here. Profit taking anybody?

Sean K · 19 September 2007

PhoenixXx said:
Broke couple resistances on $3.50-ish and now sitting at record high. Getting a bit jittery here. Profit taking anybody?

Embarassingly, I've lost track of what my plan was with this. Been holding for years and buying on the way up at each breakout. I think reviewing the chart, $2.75 would be where I would be selling on the downside, but profit taking.....not sure..... Maybe around $20. LOL

PhoenixXx · 19 September 2007

kennas said:
Embarassingly, I've lost track of what my plan was with this. Been holding for years and buying on the way up at each breakout. I think reviewing the chart, $2.75 would be where I would be selling on the downside, but profit taking.....not sure..... Maybe around $20. LOL

Thx for your input kennas. I have to think deeply on this one. For short term, may have a bit of retracement. But for long term, who knows it could reach $20 as you said. Picture this as NCM

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