BCN 2.22% 2.2¢ beacon minerals limited

Ann: New Gold Prospects at Barlee. , page-39

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,059 Posts.
    lightbulb Created with Sketch. 619
    Agree AVL, while I'm waiting for my oppies to be hand carved one by one into ordinary units...well it feels like that anyway, I rang the registry to see who had run off with my money :)

    The process is as follows, the directors have 9 working days to approve the issue of new units from the time the cheque clears (approx 3-4 days post lodgement) So add a day for postage & it can take upto 14 working days to convert - yep; that's 3 weeks of watching paint dry.

    As for a better september, you could be right, XAO appears to have just begun corrective 2 (the final leg down) of the March 09 to date cycle, Gold is half way through leg B of it's corrective & should top at either around just above 1210 or a possible higher target of 1230 followed by it's leg C corrective (havent worked out a target yet but I believe it will be in the low to mid 1100's )

    So we are pointing to a new bull run begining somewhere in September (3rd week at a guess) We should also see gold stocks do well, the XGD is about half way through it's corrective & I suspect we will see big gains on it by Christmas. US is continuing it's QE so it's only natural that gold will inflate rather than allowing US to deflate.

    A september turning point would also put the cycle run of 13 month advance & 5 month decline, fibonacci or coincidence? :)

    All just my amateur opinion, dont trade on my tealeaf analysis :)
 
watchlist Created with Sketch. Add BCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.