PRU 1.57% $2.58 perseus mining limited

Ann: Perseus Amara Combination UK Rule 2.7 Announcement, page-124

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  1. 11,125 Posts.
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    Even I am thinking of buying another tranche of these, but I am waiting on a pullback.

    Here is Larry Edelson's latest views - expects USD POG to head down this month and is telling everybody not to buy at present - see article

    http://www.moneyandmarkets.com/anot...6MAM3460MAM&[email protected]&sc&ec

    His downside target of USD1180 is not one that I would be worried about so long as that level held. Larry has managed to keep his followers out of the best bull run for goldies since the start of 2013.

    The guy at Diggers and Drillers (rebadged as the Resource Speculator) still sees gold heading down to USD931 this year, as far as I know.

    I think that once the merger is in this thing will take off. It could also take off if the quarterly report shows they are back to mining gold at 1.15 g/t and costs are as forecast.

    The ECB decision got gold moving last night. I think the US Fed will hold rates when it meets next week for fear that the USD will go up too much relative to the Euro, and that will also spur on spec gold buying in western countries.

    The only concern is that Chindian gold buying is down.

    So its a case of the itchy trigger finger for this one.

    loki (do I take the blue pill or the green pill today?)
 
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$2.58
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2 2300 $2.57
 

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$2.58 66207 6
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