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SAU - SOUTHERN GOLD LIMITED


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In reply to: King Baz on Thursday 17/11/05 09:43pm

Well done on your QBE investment, but remember it is a solid company with earnings and cash flows, and you can't apply that logic on a spec stock like SAU.

 

Momentum indicators are used to track spec stocks to make some profits.

 

Fundamentals are important but TA is even more important applying to these stocks.

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In reply to: crowman28 on Thursday 17/11/05 11:24pm

Crowman, l can not give you an assurance that DOM and SAU will JV SAU's challenger tenements, because l am not an SAU-director.

 

But what l can tell you is;

 

look at;

http://www.dml.com.au/exploration/gawler.phtml

http://www.dml.com.au/exploration/challenger.phtml

 

 

QUOTE
Gawler
Greater Challenger Area

Continuity of mineralised zones and trends beyond the immediate area of the known Challenger shoots is demonstrated by gold and arsenic anomalism outlined by systematic RAB drilling programs.

There is clearly potential for Challenger-type high grade shoots along any of the anomalous trends and some of the higher grade intersections have not been evaluated in terms of the now better understood shoot geometry.  The larger scale geometry of the trends may also be better understood, and evaluated, in relation to asymmetric fold patterns.

 

 

It is clear DOM want's more acreage adjacent to the Challenger-mine, they need more resource and are willing to JV. SAU have adjoining EL with promising prelim results and DOM know this area and they know there is a lot of gold here!

 

Been around for long enough to put 2 and 2 togother.

 

This is just like the Southern Uranium announcement. SAU said they were going to have SU-subsidary in their prospectus, when they ann to market the SP tripled strong volume. TA-indicated blue-sky, FA indicated over-reaction.

 

all good

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In reply to: crowman28 on Thursday 17/11/05 11:50pm

Agree with Crowie,

 

Well done on QBE KB....But don't comapre a spec to a stronger and estabilish company matey....

 

Atm it's all cloudy and speculative...and hopeful....let's wait and see if SAU boys will have the goodies to bring the co. to the right standards...

 

FA's on SAU are great but it's only talk atm.....let's just hope for the December Xmas ann http://www.sharescene.com/html/emoticons/wink.gifhttp://www.sharescene.com/html/emoticons/smile.gif

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Hey, I am up studying late... and i couldn't help but butt in LOL

 

Sorry to be a pessimist but i think that the appreciation in the SP will be due to something other than Victory, so i am hoping what King is saying is spot on.

 

But success at Victory with the JV news about Challenger will be like icing on the cake..

 

Ok back to study http://www.sharescene.com/html/emoticons/lmaosmiley.gif

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In reply to: King Baz on Thursday 17/11/05 11:57pm

Hi King

 

What I mean of momentum indicator is like the one you see for DOM currently, the SP is building and volume increasing, if we see this happen in SAU, I'll invest my house into it. Right now, nothing suggests that will happen.

 

Think back into one your best picks DYE, I also traded it because I noticed the momentum is there!! Made a bucket as you know back then.

 

That's why I always suggest my next buy into SAU may be after Victory when there is any indication of momentum.

 

Being long enough in this market I get a feel as to when to jump in for a slaughter.

 

Thanks for your thoughts regarding Challenger, I think you are better served running as a non-executive director. http://www.sharescene.com/html/emoticons/cool.gif

 

SB and co can't even handle a SPP for a start, can they deal with big things in the future?

 

Cheers

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CM,

 

I think your trading style is very different to King, but in the end everyones in their to make money. The style of trading on determines when and how much of the money you'll recieve. Long term trading will give you much more leverage, but patience is required (as i am learning very quickly). I guess you seem to be a Short term trader (which is nothing wrong) so i think maybe SAU isn't the go for you at this very moment in time.

 

I am in it for the Long haul, or so i say. But if the SP triples I am surely going to sell out on the first sign of retrace, as i would like to lock in profits. But i am prepared to wait and leave my capital in SAU, where as you would rather protect capital and re-invest it in something thats moving...

 

cheers

chitnus

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In reply to: chitnus on Friday 18/11/05 12:12am

Yeah well done chitnus, summed it up perfectly.

 

You see at the moment King and I are talking in different wave lengths. Fair enough as he is a fundamentalist, and I am a TA man. I tried to think in his shoes (at best), and in the end my thoughts are elsewhere.

 

I admit I got wrong footed in SAU at this moment. But still hold a large quantity in this company. Ideally if I can make some hot money short term, I rather not hold any SAU and wait for Victory results, unless I can suddenly sense some momentum or pre-mature buying leading up to results.

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In reply to: crowman28 on Friday 18/11/05 12:27am

QUOTE
Yeah well done chitnus, summed it up perfectly.

 

Yep, crowman and l have different trading styles. Different advantages.

 

Lets just hope SAU comes good, and we are all winners.

 

http://www.sharescene.com/html/emoticons/biggrin.gif

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