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LSM

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Everything posted by LSM

  1. LSM

    DRM

    Flower - qtr reports aren't out until next month.
  2. Agree flower, it has not materialised. Although, it is not out of the question and China at 3-4% GDP would be a big shock to Australia.
  3. I too have a question Mark - you stated that Australian markets will fair much better than US due to valuation differences. What about an external shock to the Australian economy due to a having of Chinese GDP from the much touted shadow banking issue. I'd also add to that the capex cliff here at home which will accelerate in the coming two years!? Cheers
  4. Ditto Mark! I never stop learning reading your work, something I definitely can't say watching CNBC bubble vision!
  5. LSM

    TAW

    Your fib level is holding up, still keen Arty? I sold some at 3.5c, something better turned up, but have more cash now so will prob buy back my position around current support.
  6. Anyone have any thoughts on using BEAR on the ASX as a possible hedge/short for when this market rolls over? Love this thread and thanks to all contributors!
  7. LSM

    TAW

    Exactly, who has a crystal ball? I thought it might fall back to 3c...plenty of support here should see the low.
  8. LSM

    TAW

    It looks like TAW has made a bottom with a classical Hadouken.
  9. LSM

    TAW

    Don't know if this has been mentioned previously - Vedanta paid US$90 million for 51% of ~1Mt in three Liberia iron ore projects. This is roughly $1 per tonne and fits nicely into the +10c valuation for TAW if it builds a 100Mt resource... http://ar2012.vedantaresources.com/iron_ore.html Acquisition of Western Cluster Limited (WCL)We acquired 51% of the equity of WCL, which is a company registered in Liberia for a total consideration of US$90 million. In addition US$25 million licence fees were paid to the Government of Liberia. WCL is an iron ore project comprising three deposits – Bomi Hills, Bea Mountain and Mano River with Bea Mountain (923mt), Mano River (80mt) and Bomi Hills (50mt) located at a distance of 70-140 km from Monrovia port. The Company has been given right of access to an old rail corridor to Monrovia port and two piers in Monrovia port. WCL will develop the Western Cluster Iron ore project in Liberia, and the Group is committed for the development and operation of this asset. It is envisaged that the project will be executed in phases starting with the brownfield mines at Bomi Hills. The mines at Bomi Hills and Mano River are brownfield in nature and were major producers of iron ore in 1980s. The presence of significant resources in close proximity to the port positions Sesa strongly in West Africa. We have completed an aeromagnetic survey of the deposits which has indicated a significant potential upside to the existing estimated resource base of little over 1 billion tonnes. We are in the process of completing the project scoping study and commencing exploration activity. We expect the first shipment from these Liberian assets by end of FY 2013-14. The presence of significant resources in close proximity to these logistics facilities positions Sesa strongly in West Africa. We have completed an aeromagnetic survey of the deposits which has indicated a significant potential upside to the existing resource base of 1 billion tonnes. We are in the process of completing the project scoping study and commencing exploration activity. We expect the first shipment from these Liberian assets by FY 2013–14.
  10. LSM

    TAW

    Cheers Melua - I haven't been active with my investments for the past couple of years (time poor due to work), that's all changed now and I have oodles of time... I often drop into SS and I must say the quality of ppl and their knowledge is outstanding. Lots of wise old heads that have different methods to the market and rationale - while, I may disagree with some, I must say that I respect all that can make money year in/out, decade over decade. Not trying to blow hot air up you all, just ppl here are miles ahead of the general HC pump n dump. RegardsLSM
  11. LSM

    TAW

    I got in earlier in the week too, after looking over recent announcements...momentum is there and so is value. Good spot guys, much appreciated!
  12. I remember when the long term average trading bands for these type of gold companies was 15-30mil, times have changed and maybe this is the new normal that we need to get use to!?
  13. Well, it's not like they'd ever go into a TH for drilling a hole...waste of my money and largest disappointment in years. Moving on!
  14. Cheers Mark for the great post - I've been holding off buying into general equities and was starting to think I may be mad because the general ra ra crowd are all long and strong. Nice to hear that I'm not the only one that thinks the majority are the insane. I guess we'll hear from you again at the bottom!? Thanks again for the effort and thoughts!
  15. In all respect Melua, I have to disagree. Price movement on PDI - a gold explorer - has everything to do with the price of gold! I'm still holding because I think PDI's prospects are very good, stability in the gold price and decent exploration results for gold will see the sp higher or they will need to change their business model to move price. Straight to the bottom draw with this one.
  16. More repetition along the fault and these prices are an absolute joke…interestingly the high grade component may be getting wider at depth and form a single large deposit in its own right – go deep and do the math! Happy to hold and watch the story unfold. (150Lx16Wx500DxSGxHIGH GRADE COMPONENT)
  17. You're probably right Melua - more about discovery than the gold price. As it stands, it ain't looking so good on the discovery...oh well, time to stick my head in the sand again.
  18. Might be a good week coming up if gold can maintain the momentum and PDI release some drill results...fingers crossed they're good!?
  19. Interesting movements in BGS this week on decent gold assays, not earth shattering, although the market reacted fondly. Are gold juniors about to turn the corner? Hopefully BGS will continue the upward momentum in the next few weeks, this could help many gold juniors in Africa as people seek similar gains elsewhere. I believe PDI has already shown stronger results, the prospects are just as good and more advanced, if not better. Only difference is that PDI doesn't have a 3rd party mill close by that is running out of feed... Hopefully BGS is a sign of improving sentiment for West African gold juniors?
  20. kind of glad I grabbed a few the other day, doubt that we'll see those prices again with Acorn out of the picture. I guess it's just a hold and wait now, but for what???
  21. LSM

    ORS

    Fair call Aussie!???? I'd say resolution 2 is a standard precautionary measure in case funds are required quickly. I was expecting a cap raising last qtr as I thought the cash position then would possibly force the situation. I'm more confident that it isn't required now...what you haven't included in your forward budget is receipts from sales - last qtr ORS received $1.26m from gold sales - this qtr should prove to be better as tailings operations are in full swing. Will they make a profit at the bottom line this qtr? They were only down $111k last qtr, pretty impressive if you ask me...how many junior gold companies can tout that? I doubt that the announcement was a pump, if you look at all the previous announcements they are of similar vein and I believe that it's just management getting excited by something they found. As for Gandel, I've never been involved in any of his companies (I lie but that was purely a flip) and believe that he doesn't have much in the way of the management of ORS. Yes, he is a keystone investor... Pump, flood and dump? We'll know soon enough.
  22. Yes, looking very sick - placement takers and Acorn dumping? Dipped my toe in today as the large seller got my bids...will sit back and watch from the sidelines for the moment.
  23. LSM

    ORS

    I disagree Aussie - I think you'll find that they'll make enough money this qtr through gold production from tailings that they can avoid the cap rising. So far management are ticking boxes for me...I hope i don't eat my words! Ha
  24. Nice work Melua! Still can go lower but good prices here to mop up.
  25. LSM

    DRM

    Duster - I'm more worried about what's closer to home, China and especially Japan (a whole different type of basket case). Agree with your thoughts...wait for the turn and then pounce. All this downward pressure in goldies and we still have tax loss selling to go. Although, I do suspect some of the pressure is already tax selling.
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