Positions updates

[vishalt]

LGL for the win D:

 

[Sean K]

I expected 5% gains on these two yesterday. Oh well. POGs over $790 at the minute, so maybe tomorrow.

If the fed doesn't cut rates expect a sharp correction in gold. I might have to hedge a bit I feel.

 

[Sean K]

Both down. LGL by 5% due to production downgrade. Profit taking on NCM I feel.

 

[Sean K]

Bought a few more KMN today after what seemed to be good Re results from Kalman.

I am still expecting a very large resource to be JORCed at Kalman in late Dec or Jan which should put the deposit on the map.

Doesn't look pretty on the charts and I am finding it hard to come up with a sound explanation.

They are probably faily valued on San Anton, so any value in Kalman should eventually come through...I hope.

 

[vishalt]

was probably profit taking, LGL's drop makes it look attractive

 

[Sean K]

Topped up a few on the break through 35 and it's since broken to 56 high settling back at 50. I suspect AQA buying. MC must be starting to get less inviting, so I'll be looking at taking some off the table tomorrow, probably.

 

[Sean K]

LGL recovered well and NCM breaking all time highs again.

NCM CEO out saying they've got their sights on 4 goldies they could takeover. Criteria being the capability of 200K oz year output. That would mean 2m oz resource plus I suppose. Wonder if LGL is on the list?

DOW tanking 300 pts as I write so I might have an opportunity to pick up a few more of these a little cheaper in the comming days.

 

[Sean K]

Haven't sold due to what I see as surprising strength after what can only be called a significant spike. Looks like support at 45 now and I suspect some consolidation sideways for a bit before heading higher, while anything fe is HOT. I think a MC of $100m isn't out of the question (gen peer comparison - CUL, YML) after they firm up 100Mt + (30% of) and prove they have the exploration potential for 100s more.

 

[Sean K]

Where the heck is the consolidation? I was hoping to top up a few more LHG and NCM at lower prices...

 

[Sean K]

Support held very well at 2.8/3.

Unusual volume spike on Friday. Will be topping up after the dust settles on Monday pending anything else unusual.

If these guys come out with the historical grades claimed in this gold frenzy, should be some decent short term gains to be made.

 

[moneymajix]

Yes. Could be good.
Why didn't I buy more at sub 2c????????????

PS: How is Joe?

 

[moneymajix]

...

 

[Sean K]

Joe left Cusco on Friday for the Amazon and is back in Lima this afternon I think.

 

[Sean K]

Added a few more this morning.

Looks like very good support between $3.00-$3.25 holding and it's breaking further up. Will probably fall off this arvo as usual.....

 

[Sean K]

I was expecting a decent break up from inverse H&S formation. Still holding around break area, but I'm getting bored. I'm here for a good time not a long time. Money better spent elsewhere.....

 

[Sean K]

Decided to hold expecting hold around support at 45 ish.

While fe's hot, expecting punters to be hanging around closer to AQA JORC, and exploration results.

 

[Sean K]

Held OK yesty and continues to break up. I assume some resistance at all time highs as it keeps trending up with some longer term support established at those blue lines.

POU seems to have found a base and looks to be heading up ish again, probably adding support here.

TSX listing comming up shortly may provide a similar impetus to what EXT experienced.

Then if they come out with a 100Mt + JORC, on just Anomaly A, should be healthy for the SP I imagine.

 

[Sean K]

Bought a few more EXM this arvo @ 3.6. Looks like it's found some intraday support and set for test of ATM. Just holding for the likely build up to drill results and my plan is to take advantage of short term interest.

 

[Sean K]

Actually surprised to see it reach $3.58 today. It's being chased a little now with punters desperate to get in before more news, IMO.

I think there will be another significant market correction shortly which will provide another opportunity to top up, which I have been waiting for....

 

[moneymajix]

Interesting.