Gold, was trading at about $US890/oz when MGA called in administrators. it's rather higher now at around $US1350 might make sense to buy Meekatharra back from Reed's administrators and utilse the AUS$80m tax credit
Anton , he was enthuastically hailing the opportunity to average down on LOND the other day if the chance arose , well with nearly 20% drop in a week that chance looks to be presenting itself amply. As you say why is it we aren't on the en masse doing what he has done here ,....... Cos we are not wrong uns !!
How is the slump in Iron Ore prices going to affect LOND, and how low will they go???
Wont be good will it? However I have no intention of going onto the BB and preaching to those invested, nor am I going to try and pick holes in shares for the sake of it as I simply don't have the time or inclination.
Maybe you should learn to respect peoples decisions for making an investment, just a little thought.
Dean, The mining license is worth mentioning as Squiffs last round of talking ECR down was based on cash burn....getting the mining license will reduce the expenditure there by 50%...not yet factored in to the SP.
We are due a market cap re-rating. We are itogon drill due with result update next month. Expect march/april to push us back up. Mga on the move which is also superb news for investors and themac to be sold when sp is up to a decent level, so increased cashflow soon.
1: I have not valued the company you mention, nor do I intend to. nor do I intend to post on their bb, perhaps they are undervalued, I do not care. 2: your comment ..." two aim gold miners (cough)," is exactly why I dislike your posts. what's the rather pathetic 'cough' about? don't answer, it's a rhetorical question. the reason for inserting such digs is completely obvious to all.
ok squiff you made your point but is anyone replying with "hey good call squiff fook ecr I am moving to omi" people are waiting here for what they see as good news in the near future as outlined by ecr.
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