Ann: O'Callaghans Mineral Resource - Competen, page-6

re: Ann: O'Callaghans Mineral Resource - ... Def agree, the Capex spend and the new mines to come on board this quarter are a positive, but maybe the market is not believing their ability to deliver,,,,the quarter production needs to be very impressive otherwise guidance MAY not be met...

I thought the build in inventories was due to "derivative"contracts and the difference in booking and shipment times for accounting purposes......

Either way this wuarter needs to be a ripper and the SP at this time may just be reflecting this risk.......

In the short term if she breaks 32.08 I would sell and buy back lower as the short postions are slowly rising since the report indicating to me that a growing proportion of traders thinks the performance is poor,,,,and by that I mean the net debt, net cash and lower production compared to same periods......

On the flip side if she is established over 33.20 then I might be a buyer but a short term buy until the next report........

As for the Gold price,,,,I still think that she will test $1000 purley due to the ration of EURO V USD and historical values of gold,,,,,whilst I appreciate this ration is not always consistant it looks to be that the FEAR premium is too high considering the realities of the GLOBAL debt situation...

Time will tell,,all I can say is that at the present time, lock in those profits as the SP intra day ranges are quite explosive..

Good trading