Member Info for wiltshireman

I have been monitoring the buys and just do not understand why the price hasn't moved up more than it has. Its easy to blame MMs but I have very little faith in this new IT platform that has proved so full of glitches since everything at L(Stock) E tranferred across 2 weeks ago.

You have been busy - thanks for the links. Very reassuring. Presentation covers any questions I would have had in particular the hope to reduce mining costs although with the price of oil going through the roof I would have thought that would be a major achievement. Be that as it may the reassuring bit is that they haven't further massive capital investment to make at Gold Ridge, the bullish outlook for gold prices and the fact that gold production is unhedged there shouldn't be a requirement for further funding and the dreaded share dilution. Just hope the rain isn't too heavy to slow up production.

FIrst wave of sells coming through now on the live trades

....and VOG is up there one of the shares I declined to tell you about the other day in case I made an a***e of myself so all in all a good start to my day. Many 'green' shoots of spring at last peeping through in my portfolio.

It is in the top ten now so hold on to your hats.

This is more like it. From the trades I don't think the day traders have arrived yet but once it appears in the top ten the rampers should be here any minute. So hopefuly more SP rises to look forward to in the short term.

PGD MARL AGLD OTC MONI, SYNC Oil rather not say in case I make a complete ar*se of myself ! Anyway you only need to click on the posters name to see what they've been posting for the last 30 days. IME the internet tells you 90 percent of what you need to know if you just work at it. Trouble is there are no shortcuts just slogging through the posts and looking up research material then you still can't be sure you've found everything.

IMO this oil price is a spike and unless the Middle East goes the way of Egypt I think the oil price will drop back down. We could even reach an oversupply situation as the West is reducing its demand due to the recession and whether or not the Far East emerging nations will replace this demand in the short term is questionable. As far as gold is concerned IMO it doesn't matter how the global economy progresses (inflation, deflation, QE, Middle East upheaval, to name a few) short of a complete recovery in the West gold is the only surefire 'safe haven' . Investing in commodties and minerals may be relatively 'safe' in the short-term but any global downturn means demand will ultimately fall so long term I feel that gold is the place to be. Thats my investment strategy at the moment but I am not averse to the odd punt as and where in anything and everything that I have researched. e.g. industrials, technology and mining. But in this fast changing world I could completely change my mind in 6 months. Theres no black and white in this game only 'greys' Just my opinion of course accompanied by the following warning. 'Past performance is not indication of future performance as shares can go up as well as down'. That is some understatement especially when I look at my investments at the moment.

Some problem with 'pause' in trading. Probably ''teething' problems with the new platform.

This makes you think how far the US is away from solving its debt problems. The AP reported yesterday that the number of troubled banks at risk of failure rose to nearly 12% of all federally insured banks in Q4-10, the highest level in 18-years. There were 157 US bank failures in 2010, compared with 140 in 2009, 25 in 2008 and just 3 in 2007. While FDIC chairwoman Sheila Bair recently said, "We believe that the number of [bank] failures peaked in 2010," there have already been 22 bank failures this year. That's two more failures than the same period from last year.

Wise move - Everything is coming together to drive this SP upwards. Have been in and out of this for 2 years now and feel that we are about to achieve a watershed once Gold Ridge starts production. GL

Full page writeup re: AGLD in this mornings Shares Mag. Says more or less what we all know. That is to say that Gold Rdge startup in March /April will transform the company virtually doubling output from Simberi. Some interesting snippets mentioned about some dispute with Gold Ridge landowners basically looking for compensation which seems to have simmered down and providing apprenticeships to the locals. Also hoping to cut fuel costs at Simberi by using cheaper heavy oil rather than diesel. It is always a problem with such mines given the transportation required and worse in the case of deep mines that (imported) fuel costs really click up the overheads. Still, Shares is very upbeat and labelling them a buy. As long as the gold price stays up and it doesn't rain too hard I think we should see some reward for our patience.

Good solid buys this morning. Once we see some good rises the rampers will arrive. Can't wait ...........

Gold up overnight

The Industrial and Commercial Bank of China reported it sold 7 tonnes of gold in January alone, nearly half the amount they sold in all of 2010. "We are seeing explosive demand for gold. As Chinese get wealthy, they look to diversify their investments and gold stands out as a good hedge against inflation," ICBC's Zhou Ming told Reuters. As the realities of inflation -- and perhaps stagflation -- sink in around the world, global demand for gold as a hedge is likely to rise even further

Looks even better Baldy. As long as the gold price holds theyre on a roll from now on especially with Gold Ridge kicking in later in the year. Just as long as the rain keeps off ! Can't believe that such good results can be all but ignored by the market (I don't think that the SP has taken the latest into consideration even after earlier RNSs) . Last updates certainly didn't indicate just how much beyond break even they already are. Gold Ridgei is on target so fill your boots. I now regard this as my 'safe' investment if there is ever such a thing in gold mining shares.. http://www.alliedgold.com.au/site_cms/assets/File/Half_Yearly_Report_Accounts_2011-02-14.pdf

http://www.proactiveinvestors.co.uk/companies/news/25348/gold-reaches-1360-as-us-dollar-slips-on-china-rate-hike-25348.html

Next Q1 report due near end April. However, AGLD has so much going on that we should get a good newsflow in the form of updates as and when before that. Gold Ridge is probably the main focus of interest right now and good news is likely to kick the SP to new highs as it did late December 2010. WIth SImberi nearing the magic 100,000 annual those latest production figures are always worth hearing about. . The gold price has picked up again but with the regular announcements of false dawns in western economies occuring every few weeks the price rise may not be sustained. Good thing is that a gold bubble is not developing ...yet. A gold bubble scares me because its impossible to judge when to get out before the inevitable crash comes. I do notice the gold price rise is coming more and more to be regarded by the public as a 'good investment' which will sustain the price rise just as long as it doesn't get out of hand. This guarantees good future profits for companies such as AGLD who are primarily producers rather than explorers. Rather stating the b******** obvious but IMO the gold price is the absolute key to investing in producers such as AGLD especially as their production costs are not the low-cost variety. The following puts it all into perspective and just how much the price has risen in the last few years. When you're making good money selling produced gold at todays prices capital investment is not such a problem whereas explorers whether they be oil or gold are always short of dosh and diluting their shares with placings on the back of sometimes overoptimistic resource figures every five minutes. http://www.usagold.com/gold-price.html .

SP for Egyptian CEY continues rising through the Revolting Arab crisis (bid rumours supposedly as if ...............) yet AGLD struggles up a measly couple of percent given such a promising present and future.

in reaction to todays quarterly RNS. Just what does it take?