gold 672.50 70000 ounces this year unhedged, page-20

re: holding strong today 70000 ounces this year un Hi rabbitoh and others,

You will do well to ignore sabre...his ramps are well and truly a joke and his credibility is zero. Hopefully, he'll just go away for awhile.

AS for BMO, my broker has spoken to the company recently and was fairly positive about the bigger picture.

We must remember that it isn't unusual for new mines/projects to experience teething problems - be it Newcrest & Telfer, Hardman & Woodside with Chinguetti or BMO with Twin Hills. If BMO have had production delays I guess that means that Mr Market just takes his money elsewhere with the view of coming back at a later date when things are rosier.

I'm not trading BMO - rather I have held my considerable position for some time (since way before they ever attracted sabre's interest) and I am happy to hold it for some time yet. I have never viewed the stock as a stellar, mega-get-rich-quick stock for me. Instead I saw it as a start-up producer that could give me a relatively "grass-roots" exposure to a gold play that also was lower risk than a lot of others. I still view it that way.

I do not believe there is anything terminally wrong with their Twin Hills project....despite what some may think....Jim Wall and others are decent, honest operators, and therefore, BMO would have told us if there was something really crook with the project.

Like I said earlier, my time frame is probably a bit longer than many others, so I'm not too anxious about the share price as long as the bigger picture is okay - which it is - but clearly, at the moment, the market has lost interest in BMO and is chasing quicker returns elsewhere.

Naturally, Directors selling the stock during recent rallies would not have helped sentiment (even though they are entitled to diversify their interests when they retain such large positions), nor would the market correction have helped much either.

Longer term - BMO is okay.
Immediate Term - probably not going to do too much.
Fundamentally - well, the gold is definitely there and its unhedged so there will certainly be some profits to bank.

Anyway....just my thoughts for what they are worth.

Coop