Member Info for elroytrader

how much they targetting?

I've chopped that finger off. Only 100% to go before I lose another. lol

yep, research is one thing, but timing is a big part too. Charts and trade analysis help with that, And not forgetting a bit of luck! GL

like to see the comparisons with Lihir - 'Interpretation is that the “mineralised corridor” is a copper porphyry-epithermal gold system that may host porphyry copper at depth and bonanza gold in fractures and veins at intermediate depth. The view that Manus Island has the potential to host Lihir style gold mineralization has led to application being made by the Joint Venture for a new tenement over an expanded area surrounding the existing granted tenement, EL1326' One 'slight' difference - Newcrest paid $9.5bn for Lihir, and will only have to fund A$6m for their stake of Manus. Maybe we can push for a bit more than that?

good timing m8. Hoping now for a few snippets of good news so they can get the placement off at a reasonable price.

I was wondering when he would turn up. All we need now is a. Brigg. Or are they the same person?

100% and I'll break even! lol

wonder who's buying?

so the newmont placing was in '08, the 2 manus drills in '09, and the newcrest jv a few weeks ago. so no new info, then?

as far as I know Newmont already had 10%, but didn't know it was at 5p! The Newcrest article looks like it has some new info, unless I am being slow (again!). 8.08gpt gold from 72.33m (including 0.55m at 15.55gpt gold) - could be a monster! The second hole looks to have been in the wrong place, but we obviously need more than 2 to model the resource. ps Trading certainly looking perky today.

when were those articles released?

should have read bye bye. Don't buy buy! lol. Well, at least not until Thornaby is done.

Thornaby you c#nt. 1.5 m more today, 3.9m more to go.

disposing 16.5% (11% so far). So who's buying? Can't all be PIs.

with Thornaby still selling, a placement due, and a likely 100% retracement, probably not the best time to buy IMO. But some very promising projects - drilling hasn't even started on the Newcrest JV, but trenching is yielding 303 g/t Au over 2m. The only way to keep our stake in the JVs is dilution, but not much will be needed straight away. I posted this earlier - Only the Barrick JV will need equity funding next year (and not too much either) - '2011 budget under review but may be A$0.5M, TPJ plans to contribute its share to avoid further dilution'. The Newmont JV is a free carry till 2014. If it strikes big TPJ's sp should be enough to provide a fair share to fund to production and keep 25-30% of all the ££s. Crater Mountain - 'minimum non-dilutable share of 10% up to feasibility stage.' Newcrest JV, a free carry until decision to mine. So paying off debts and operating cash a priority at the mo. ATB.

thanks for your view. need a few clues about resource size from solg imho. her - researched that last march, but didn't buy in to my annoyance. will have a look at thor. Thanks.

late reported from 13th. Add that to the 3.7m other buys that day = reason for the rise, but why?

been watching solg, cnr, kefi, omi, otc, marl, vgm, chg, aaz for a while. Any views on no1 out of that lot?

dump half explains the fall. The rest is dowm to day traders and PIs bailing after a quick buck IMO. Will this go north after Thornaby have cleared? Well, lets hope there's some good news before the first placement. Their backs are against the wall, so could at 1p unless a boost is forthcoming.

http://www.investegate.co.uk/Article.aspx?id=20101014111700Z4614