Member Info for Cronus

It’s all about the price of gold. When gold goes up AGLD will follow, only more so. Unfortunately the reverse is also true. I can only say that I am sticking with it. The reasons I that bought in the first place haven’t changed. Everybody else’s circumstances are different, so it all depends on your risk tolerance. I can only speak for myself. ATB

Another good day. So let’s get things into some sort of perspective. Forget about the value of gold in dollar terms, and think in our own currency. Gold is at all time highs in GBP. On that basis AGLD was trading at 30p when the gold price was around this level in GBP terms earlier on in the year. Since then both Barrick, and LIHR Gold have stated that they are looking for takeover targets. AGLD would be a very good fit for both of them. The strong buying tells its own story. So still some way to go yet playmates. Re; Granitetim. Good link. Thanks for the info, and well spotted. ATB

Yes I noticed that there was selling on the Australian market. On our market it was all buying, and no selling yesterday (and today so far). http://www.investegate.co.uk/Article.aspx?id=200812230854536647K Today's volumes on the ASX are far more encouraging. 199,104 bought. 45,000 sold. Big buying coming in at the end. Forced sellers are very unreliable judges. Ps. Like the NU. post. With you there.

I don’t really have a target figure as such. My trading is based on what I can see (volumes, trends, indices etc). With AGLD I am in hoping that the decision will be made for me (Corporate action). ATB

Over 50% up on this so far. Although I realize that there will be a few twists, and turns along the road. But at least a few chickens have already hatched. GTLA

All I am saying that it is so easy to get carried away if you have an early success. One bit of bad news, and you can find the floor disappear from under your feet without warning. Other people will suck you in so try to DYOR. Wishing you good luck, and success. Cronus.

First of all you really need an ADVFN account. You can have a free account, which will cut you off for the most of the time that the LSE is open. But you will be able to watch EGU on the Canadian market (TSE:EGU) after our market has closed. The price, the buying, and selling volumes on the TSE will give you some indication of how EGU will behave when our market opens. www.advfn.com You can track EGU real time on our market by opening a free account on: http://www.shareprice.co.uk/ You may well be a lucky person but you have to be really careful with AIM stocks. You can make allot of money on the AIM market but get it wrong, and believe me you will suffer. There is so much that can go wrong with any mining company that is out of control of even the best management. So diversify. I still use ETFs as a safety net. Under favorable circumstances (and I stress favorable) you will not make the returns that you might have done with a single company, but you will still make a good return. ETFs are also exempt from stamp duty. But then again if you had bought EGU on the Canadian exchange you would not have paid stamp duty, and you could have purchased it on a tighter spread. Although some of your other charges could be higher. Also consider: http://www.etfsecurities.com/fund/etfs_fund_gold_gb_en.asp in£ or http://www.etfsecurities.com/fund/etfs_fund_gold_en.asp in$ As your mainstay.

Firstly compliments on your research. A bank in trouble that’s not unheard of these days. A bank not in trouble would be more surprising. In the light of this current economic climate they must be experiencing difficulties otherwise they wouldn’t have been selling off the family jewels. Assuming that the holding is not client related, and they wanted to sell their entire stake, then I think it’s safe to say that there would be no shortage of takers. Senior gold mining companies have always had to rely on smaller companies to find the gold for them. Their expertise lies in the development, and operation of mines. Not in exploration, and discovery. It is common knowledge that gold production by the seniors is falling due to their mines nearing the end of their lives. Very soon I expect some of the senior mining companies to start making their moves on selected targets. Otherwise the price of gold will run away from them, and they end up having to pay well over the odds. Gold is at an all time high in £ terms. That can only mean that small gold mining companies are grossly under valued. Nice move today wasn’t it? ATB.

Hi Mystic, It doesn’t mean that “Commonwealth Bank of Australia” (it does say, and it’s entities) itself has taken a stake. They do have a stockbroking arm, and it may mean that the stake is held by their entire nominee client base combined. That’s good. That could also mean that the bank has advised their managed account holders to buy. That’s also good. It may also be a means for an individual, or entity to build up an anonymous stake using their “Commonwealth Bank of Australia” account. That’s even better. Still that’s all speculation on my behalf. What is important is that we are getting a good news flow, and it’s all generating interest. ATB.

Gold at $40,750 per ounce not as outlandish as it may seem. If you look at the mathematics that is the price gold would have to be if the USA used all of their gold reserves to write off all of their debt at a stroke http://campaign.constantcontact.com:80/render?v=0010Xztq7Fq0H2wYZdOmiH2frZ_pfV6rgLw6sMFFXG8M81B8B-3EOKLwYUaYlDEkb5JBNA7LkLbHpCWXS1cKnMft4j5Qi2nI1WWOSpQSAMuW-g%3D Anything anywhere close to that would send the SP of all the producers beyond our wildest dreams.

As long the SP is moving forward that’s all that counts. Sometimes it is better to have relatively small movements forward. How many times have we seen stellar rises due to over exuberance, only to see them fall back dramatically? When that happens, and confidence has evaporated you end up with disenchanted holders. Then it can take some time to get back on track. I am hoping that an article that I read recently will point the way forward for gold (and therefore gold companies) this coming week. Enjoy the rest of your weekend.

I don't get IC these days, so thanks for that snippet of info on MIRL. What is going to happen to the SP on this when the price of gold really takes off again? It will be a rocket ride. GTLA

As soon as I saw the statement by Lihir Gold, I knew that AGLD was on their radar. Within days Barrick was saying much the same thing. Even without a bid AGLD looked ridiculously good value at 8.75. With two lots of good news since I had to keep pinching myself. Still looking good value. GTLA

See my posts 28th &31st Oct. Take over target.

MRPoisson. Sorry I didn’t notice your post earlier. I still hold AGLD. I still like it. I think that there is a good chance that it will be taken over for the reasons that I mentioned 28th & 31st Oct 08. Today’s news reinforces my belief in the company: http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2034607&source=RNS I like it. GTLA.

Been there done that worn the T-shirt. My track record with oil stocks apart from the odd bright spot is dismal. Apart from SOLG (it’s a long story, and a source of much annoyance to me) gold has been very good for me. I shouldn’t say this but even though I rate AGLD’s prospects very highly the NMS of 5K is cause for some caution. I am probably more cautious than most people on this board; I like to spread my risk (E.g. Gold ETFs, seniors, and then AIM/Juniors for a bit of spice). If you try to shoot the lights out with every trade sooner or later you’ll end up in the dark. Best of luck.

Bargain basement price. A must have as part of any gold portfolio. I will be surprised if AGLD hasn’t received bid in the near future. I don’t think that the seniors will let this one get away before the gold spot price takes off again. ATB.

Has jumped from 8.75 (where I came in) to 13.25 without a bid on the table. Can't be bad.

This could be the real clincher. Barrick looking for aquisitions. Qoute: "In response to the downturn, Barrick said it is reviewing its capital spending and could delay some projects. Mr. Munk conceded the company is also considering bargain hunting for rival gold producers amid the stock market carnage." "When there is blood on the streets, you buy, you don't sell,” he said." The whole article: http://www.globeinvestor.com/servlet/story/RTGAM.20081030.wrbarrick31/GIStory/

I would just like to draw your attention to the comments I have posted on the AVM page. If all this acquisition talk amounts to anything, AGLD has the right property in the right place to be of interest to the other parties. I believe that this recent news will prove to be good for all junior gold companies (even mid caps like RRS), with production, near term production prospects, or with a good property that wouldn’t take too much trouble to develop. The also rans will benefit later on in the cycle (Of course a move in those companies would be far more dependant on the gold spot price).