daytrade diaries... january 19, page-17

Morning all (thanks HLL),

I will be looking at the following stocks today with a view to trading:-

FML - I bought back into FML into the close yesterday based on its churn & strength yesterday, as well as the bullish articles in the press on their first gold pour with many more to follow. FML is set to produce 100,000 ozs of gold this year and is being re-rated accordingly. Also of note is that FML's costs are now considerably lower (~$350/oz from memory), they are debt free, hedge free and they are cashed up.

GBZ - This stock is flying under the radar and is a Buy opportunity at these lower prices imo, based on its neighbouring tenements to CuDeco and also the potential JV on one of their tenements by a Japanese Company who is looking to spend $55m - the deal must be locked away within 2 weeks. This stock doesn't do a lot of churn tho, so only for the patient ones.

BAS - "Strong Like Bull" (; Strong volumes and interesting price movements yesterday so there's obviously a lot of interest being shown in this one atm. Blue-chip neighbouring PEL's doing very well. The largest holder (I think) is Albers of MOG & there was a whisper of him increasing his holding - in any case with only ~291m on the register this one has a lot of room for sp improvement imo. Market depth looking pretty good atm.

NWE - I have a core holding in this stock and will be looking to trade it today. Whilst it may consolidate slightly this is really the bargain basement level imo. The Company has a beautiful opportunity with TP/15 which runs a considerable length of the WA coast and contains Xanadu which is the main target. The Company is actively looking at farm-in partners for this Project atm.

PEN - Have a buy in at 5.1c atm, so am currently playing the waiting game.

Ok, have a great day trading today all and my quote for today is:-

"I try to do the right thing with money. Save a dollar here and there, clip some coupons. Buy ten gold chains instead of 20. Four summer homes instead of eight." ~ LL Cool J

Cheers, Pie (: