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Bought a small parcel of EXM on break up through 3 cents. Very speccie so won't hold on a break down through 3. Resistance between 3.7-4 cents, where I'll probably jump off, pending.
 
Picked up a couple more now, prior to close and tomorrow's confirmation. Looks more sustainable right now.
 
Hoping that $2.75 will firm as support now, and I will consider topping up again if it does. This is my largest holding now with LGL.

Still cautious of dramatic sell offs in the US to topple us, so being conservative right now.
 
This week sold NEM at break even after bad news crunched them. The same type of bad news that has crimped them the past year or so.

Bought more BMN on break up through $2.50 and $2.75.

Bought an initial stake in EXM on break through 3 cents. Will top up if 3 confirmed as support, or push through 3.5. Hoping that drilling starting this month will give it a significant boost. This is more a short term trade and I won't hold it if it fails down through 3.

Have recently cleared margin loan and have added a few units to Hunter Hall GVT...

With gold spiking as I speak I anticipate LGL and NCM to gap up quite a bit Monday am, and I may take a few profits.

Gold has run too hard IMO and if this continues I suspect a sharp correction back to around the $700 mark.

HLX broke up to all time highs last week probably due to the free option attracting investors. I may buy a few more next week as I'm confident that positive Yalleen drilling results will rerate the company.

KMN is disappointing to say the least. Their 2 assets are world class and I reckon it should have a market cap well above current levels. Perhaps a good JORC confirming Kalman to be a major Mo/Cu/Au/Re/U deposit will do it. It's due around Christmas, or just after. Could be a watershed. If the next drilling results confirm further good grades, I'll probably buy more.

The P&L on current holdings has been amended as I was using an incorrect formula to calculate the %.
 

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Looks like a technical correction in USD doing the same for POG at the moment, as expected.

Holding onto large positions in LGL and NCM for long term and will top up holdings on expected POG retrace to around $700.
 
Hi Kennas

See you are in Cuzco now.

Bit of altitude there.

Are you going to go do a tour of the Sacred Valley?
 
Hi MM,

Yep, very high. I'm sitting in what is claimed to be the highest tapas bar in the world! LOL.

My wife is here for work for a week so I've just tagged along. She has a long weekend so we're going to go to Aguas Calientas/Machu Picchu for 2 days and then hire some motor bikes and ride through the sacred valley.

 
Awesome!

From memory I think you can take a dip in the hot springs pool at Aguas Calientas.
 
Bought more on break through $3.00, but it failed. Damn it!!!! Probably a bit anxious that it was running away and I have some equity burning a hole in my pocket. Patience grasshopper....
 
Good question. I was just trading this off the charts because there were no concrete fundamentals. However the scoping study has confirmed a few things and they look likely to get a 100m lb resource at just one of the anomalies on their tennament near Rossing. There's a chance they could eventually get up to 150m lbs final JORC. I'm not sure what their market cap should be right now. Once the JORC is out for the entire length of the strike to 300m depth we'll know. Should be much higher I'd say. So, holding till JORC comes out and re-evaluate, unless there's any other news before hand of course. I wouldn't be surprised if it gets taken over though.
 
I'm actually thinking now that short term for both companies this would be shortt term negative for their sp's.

There is quite a takeover premuim built into both companies right now (how much?) and if they were to conduct a friendly merger then the takeover premium would go from both, thus being negative for their short term sp.

Still think longer term the market would digest this to be SUPER deal, for both companies.

Holding both long term (buy on dips) for expected sharp spike in POG and consolidation above $700....
 
I've pretty much withheld from buying much the past few weeks expecting the US to produce some more correction causing news but it hasn't eventuated....

I've missed some great opportunites in the big caps with the market breaking high after high...


HLX - Looking at topping up if support around 30 cents holds. Expecting AQA to take a larger position and Yalleen results to provide continued support.

LGL and NCM - Will add more on dips.

BMN - Looks to have found support at $2.75. Looking to add a few more if this holds here to confirm upward trend in tact.

EXM - $0.03 holding. Will add more this week if confirmed support. Drilling starts end Oct which I expect to provide good support.

KMN - Good ann out confirming Cu/Mo all over the shop at Kalman. Piles of assays awaited. Looks like it might be ready to break up on the chart. Or down...But market cap to au comparison tells me a near bottom has been found.

I'm going to ditch Platinum International Fund this week, which has been a turkey. Money will be ready for other opportunities.

I haven't been day trading due to being in Cuzco and holidaying!!
 
Bought just a few more at 3.4. Looks like a break through 3 cents for now.
 
Holding nicely above 30c for the moment. If AQA get some good drilling results out in this environment, I imagine this will be well supported...
 
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