sitting tight, page-25

Good to see KGL close at 13c.

Sorry I have not been on the threads must these last few days but work is crazy busy. I did however want to add that I agree with the sentiment expessed by others, KGL has formed a solid base over the last couple of months.

Originally anything near 10-10.5c was been met with strong buying. This has now moved up to 11-11.5 (and even 12c?) cents as news on Andash, Jervois approaches and also due to the rebound in POG. (IMO).

I expect Jervois has the potential to push us above 15cents (if we lauch from 12-13c). I am reluctant to state a higher target because the markets are still jittery IMO and we obviously dont know if the ann will come out on a good day or not.

From there we need andash to come out with some positive news. Once this happens I think a base around the 17-18c mark should be fairly well supported in the ST, before the inital excitement dies down and we start a slower march above 20c.

All IMO