Member Info for Masterbaker

Gold rose to a two-week high in the longest rally since August in New York, as U.S. jobs data missed estimates and Chinese buyers returned from a holiday. Silver futures headed for the longest winning run in almost six months. Data released Feb. 7 showed U.S. payrolls rose less than projected in January, sending the Bloomberg Dollar Spot Index to a three-week low. The gauge against 10 currencies was little changed today. Janet Yellen, the new Federal Reserve chairman, will give testimony tomorrow after the central bank said Jan. 29 it will trim monthly bond buying by $10 billion. Gold, which dropped by the most since 1981 last year, rebounded since the start of January as global equities declined and lower bullion prices spurred more physical demand. Volumes for the benchmark contract on the Shanghai Gold Exchange, which opened on Feb. 7 after a weeklong New Year holiday, climbed to the highest since May today. “After being out of the market for a week, China returned on Friday and provided the strong floor to prices,” Abhishek Chinchalkar, an analyst at Mumbai-based AnandRathi Commodities Ltd., said in a report. Following the U.S. jobs data, Yellen’s “comments will be closely scrutinized to gauge whether the Fed is likely to continue tapering at a measured pace or could consider pausing if data from the U.S. disappoint,” he said. Bullion for April delivery rose 0.8 percent to $1,273.10 an ounce by 7:38 a.m. on the Comex in New York. It reached $1,276.20, the highest since Jan. 27, and is up for a fourth day in the best run since Aug. 12. Futures trading volume was 7.4 percent below the average for the past 100 days for this time of day, data compiled by Bloomberg showed. Gold for immediate delivery gained 0.5 percent to $1,273.87. Chinese Demand Demand in China, which probably overtook India as the world’s largest user last year, surged 41 percent to a record 1,176.4 metric tons in 2013, the China Gold Association said today. Holdings in gold-backed exchange-traded products, which are mostly listed in the U.S. and Europe, fell to the lowest since October 2009 last month, data compiled by Bloomberg show. Sil

http://www.bloomberg.com/news/2014-02-10/gold-holds-advance-on-u-s-payrolls-as-chinese-resume-purchases.html

Nice to know next 1/4 more is being planed to spend on admin than e&e.

Well the gold price has held up well, and is increasing.

drunk some redbull?

No, you've missed the boat anyone buying lrl shares now will not get LEN shares.

Possible it's those that rushed in when the SP first dropped thinking they would be entitled to LEN shares as well.

These were my figures from weds In a happy pretty pink world, if someone pushed a button this morning and LRL spilt into 2 equally balance companies by cash reserves, LRL with £1,634,931 / 249m = 0.00656p per share LEL with £20,709,126 / 249m = 0.0831 per share. Seeing as we were trading approx. 10% below cash that means LRL = 0.0059 LEL = 0.0748 As our SP yesterday was approx. 7.5 that's not far out. And that's why l think LRL will still fall further

After my fag pak calc's maybe the sum of the parts are greater than the whole. As the SP here is staying resilient. l make it approx. 180% up from my figures. Now if we do that too my figure for LEN, means that it will trade in the area of 20.9p. Who's complaining about that? Fingers crossed everybody.

In a happy pretty pink world, if someone pushed a button this morning and LRL spilt into 2 equally balance companies by cash reserves, LRL with £1,634,931 / 249m = 0.00656p per share LEL with £20,709,126 / 249m = 0.0831 per share. Seeing as we were trading approx. 10% below cash that means LRL = 0.0059 LEL = 0.0748 As our SP yesterday was approx. 7.5 that's not far out. And that's why l think LRL will still fall further

mannan: Gold. Latino. Do you think there are people who, when seeing a share tumble, buy in quick expecting a bounce which does seem to happen a lot. In this case l think they may well have called it wrong. My posts this morning seem to have a negative look to them, but is only towards LRL l feel that way. My holding is well underwater here so doo want to see this (LEL) come good. Besides l don't think my posting will have any effect on the SP of this or anystock.

l believe them, as that is what l've been implying this morning. As we have been trading less than cash in bank,it stands to reason that LRL is well over priced, unless of course the market values the gold higher than me. But as said before, "l know nothing", said in an Emanuel style. (from Fawlty towers)

This newsletter is being sent by Interactive Investor in partnership with Recognia - you are receiving it as a subscriber of the Daily Market Outlook newsletter or because you have chosen to opt-in to it directly. This daily report provides you with today's trade ideas based on chart patterns that are automatically detected by Recognia®. These are starting points for your own research to help you identify opportunities that make sense for you. For detailed information, click on the chart or the pattern name. Click the Trade button to access your account and do further research including accessing other Recognia research. Today's Trade Ideas Bullish: Summit Corporation PLC SUMM (LSE) Huntsworth PLC HNT (LSE) Futura Medical PLC FUM (LSE) Bearish: Edge Resources Inc EDG (LSE) Leyshon Resources Ltd LRL (LSE) Providence Resources PLC PVR (LSE)

Cross over posting there.lol

What % of what have they lost? Guessing they will still get their entitlement to LEL.

Bang on, as l said imo LRL will fall more yet. Most of the future value (?) of the old LRL will now be in LEL.

Another of course, l was referring only to LRL not LEL

Of course l'm assuming, that's all anybody can do at the moment. No harm in airing an opinion.

According to my calcs, fwiw, l reckon it's going to fall a lot more yet. Going on my performance so far take no notice of anything l say.

Oct 1/4ly report LRL had 38m$. Now split 35m$ going to LEL. Leaving approx. 3m$ in LRL, / by 249m =0.12c a share. Current price approx. 26c. Big trades in ASX yesterday, if they have same sort of tax breaks duel listed as us (pre isa) might be cause for a large sell off.