Member Info for itsaduster

I am no expert on graphical analysis but I believe the graphical pattern over the last couple of weeks is typical stake building over a short period of time. Maybe Mms are gathering in to fill a big order. If so we dont have sight as to wether the order is for Newmont or just some other interested party. I think the flattening indicates the exercise is nearly done. This could mean possitions are satisfied for now so we could be in for a wait on drill results. After all we would want to know if we are sitting on mother lode. So a gentle drift up with general market interest is my prediction until say September with very little downside risk. So any cash I have goes in here for now. I am luckily out of VGM and that stake is in here and building. I see the case for gold as being the only way the US can buy in the mindboggling amount of dollars flushing round.........ie revalue gold to say $4000 oz and then buy in all those dollars with fort Knox metal

Bid 5.8....Ask5.9.......SP 6.25 and an ocean of red on the trades page. Are the MMs ready for a turn and so are chalking up the SP to discourage the stale bulls. ie that big order is now filled. We shall see tomorrow. Come June 4th we will start to see if we are pretty enough yet. If they delay to long they will need more than a box of chocolates........Newmont that is

I think that could be it. Friends and Family and some on the inside track. Good posting

I am doubtful its just the weight of buying thats shifting this..........6 or 7 million just aint that much Someone must have snaffled some news

Just thought I'd mention the recent sp graph If that isnt MM manipulation then I dont ..................

Thanks Duster

Sorry to be thick but please expand if poss. Next week is expirery of lock out period presumably ...............it might be weeks before a move ?? or......?

MMs triggering stop loss sells to gather in shares so they have a vast war chest full of shares to profit from when the predator arrives.

Not seen it yet on sites.......excuse me asking but can I assume its gastly and full of confirmation that we have lost loads here as those techy types liv it up on our dough with fine wine caviar salmon and leggy lovelies on the Riviera. Sorry to be a bit whimsikle but this is my worst timed share buy eva. I totally stuffed and stitched myself.

How is that for a ramp ?

I dont think the market have quite thought this through. Or put another way I disagree with all those clever clotsy bankers. QE was brought in to support the dollar in as much as American industry was struggling in an economic tornado and the dollar was the ultimate expression of this. Take QE away ( my cleaning lady says QE finishes in August ) and I suspect the dollar is under pressure again particularly with the awesome trade deficit still obviously not under control. So will the dollar rise in the face of past inflationary US Govt actions and future commodity price pressures ?? My answer is NO What is yours King and Bernanke ? So my point is, on this single issue, gold hasnt gone away as a way out of the world economic and financial problems. Add in all the rest ie EU storms and possible consequences of the Arab Spring and cohesive developments in BRICK. It all says gold to me So that delivers my credentials, We have here what in my opinion is the best gold prospecting Company on the planet waddling ata tenth of its value. If you are a gold bug it dont get no better than this Ta Eric for you Oz observations...........the elastic is stretching and MMs cant hold it back forever.

or put another way 22days for Newmont to buy on open market at less than 6.375p if they can find the shares. So MM s will oblige by driving price down and picking off spooked PIs. So long as it is near 6 to 7 p they will be super delighted cos when they have to declare themselves it will be what 50p 70p who knows. One thing we do know; the more they can snaffle now the cheeper the eventual cost will be when they do do the deal. Just watch and learn its the way they deal with us PIs

Sellers being encouraged to sell by MMs squeeeezing the price down. Their purpose is to accumulate shares for a big buyer and secure them at a low price. Your guess who the big buyer is. Plainly someone who knows the value of TPJ ground. End of month I've a wedge to go in here. Try not to buy folks I also want rthe price to be low for my add ons.

Cant remember a suspension for fund raising on any other issuance

Your posts on Gold Anomaly are very well received.......ta

I think this mine eventually went as deep as more than ONE KILOMETRE Again any open cast miners might want to add something here.

This refers to the depth at which the drill bit hit the first part of the ore body......or the Hanginwall ( of ore body ) was at this depth ie 272m at the particular point where the drill bit was. The footwall of ore body was 26m deeper. So if we are to open cast then we must pay to remove 272m of overburden at this particular point and this might vary over the whole extent of the prospective open pit. Or we go underground and do shrinkage mining. 270m of overburden is quite a lot but pending on the grade I would think still doable but some open cast miners might want to chip in here. Decisions on how to mine it come later when the whole picture is clear but at the moment we just take it that cheep open cast methods may be available.......but that might change

Just read on the KGI site they have just pulled a core which is the richest ever on the mine. The draw back is its consistency .....ie it is a sweet spot and doesnt apply to more than a few 10s of metres along strike at the moment. Obviously they will try to see the reach but it will have to wait for development. The grade was 8.2 ozs over 55ft true width I make that something like 270 gms per tonne and ore body width of 15m or 1500cms So approaching 400,000 cmgms.......swooon Be interesting to see how big the block of ground will be carrying this valuation. Contrast ours which might not be so astronomical but is much more consistent and may go on for hundreds of metres............a;lmost certainly more than 200m along strike .....more or less

Yes Big supporter of VGM

If we are open cast its much cheaper to mine than going 2000m underground for it as they do on the Rand