I actually thought the same, however they are claiming a 9Moz potential. what do you make of that?
The Mint Man said:
Costly in what way?sleeper88 said:well i think LHG made the wrong decision in picking BGF, it prove very costly to them
whats good about it??kennas said:
kennas said:I've got a gut feeling (very well researched and qualified opinion) that LHG is going to turn the corner shortly. I think the market is starting to factor in a lower $US after the US mid term elections which (in theory) will result in a stronger gold price. I've been reading a few reports around saying this is going to happen, and therefore, of course, will. Maybe.
LHG has been bouncing from support and resistance lines over the past 6 months with each time it hits the BB on either side bounces off. It's just hit the bottom, plus the 200d MA, plus is on a significant support line. Even with the (what I think) negativities surrounding the BGF bail out, I reckon it's going to bounce up, and by the time it is getting to the next resistance level, it'll be around the time POG should be rising in response to $US sell off. This will be the catalyst to send LHG though previous resistance and on to all time highs in Dec/Jan.
Well, that's my attempt to be Yogi. I don't normally like putting time frames on things, but I've just got this feeling.........he, he.
spitrader1 said:
spitrader1 said:
Wouldn't it be a whole lot easier to go out and get some charting software Kennas? Doing what you've just described must take an awful long time!kennas said:
professor_frink said:
kennas said:Fat Prophets came out with a buy on this last night, but UBS downgraded them.
0850 [Dow Jones]STOCK CALL: UBS downgrades Lihir Gold (LHG.AU) to neutral from buy on lower production and rising costs. UBS slashes FY06 earnings forecast by 43% on lower production and FY07 and FY08 by 18% on lower gold forecasts. Says lowering of production forecast could halt the momentum the company has gained from finally meeting targets. "We do not expect to see Lihir outperform its gold peers in the near term," UBS says. Reduces price target to A$3.40 from A$3.80. (APW)
Still price target $3.40 v current $2.75. Enough room for me.
LHG hitting 200d ma, which indicates a reason to top up. Still sitting on pretty strong support line with not too much down side if gold stays steady. Resistance a bit choppy/mixed. Can't see a real downward trend now, although my eyes might be biased.
spitrader1 said:
nice little move from 73 kennas (lhg now at 2.80)...good buying.kennas said:
should be a good day kennas with gold at 620 (8 week high) for the LHG faithfullspitrader1 said:
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