doh, page-14

POG has taken a tumble to USD1342 (AUD 1450). Around USD1350 was an area of major support, I was told.

If the POG does not recover tonight then tomorrow will not be kind to our goldies including SLR.

I have been thinking that the POG could get back to around USD1300, and I may become interested in getting some SLR shares (but only for a short term trade) at around 70 cents. I am not sure if it will come down to this level.

Lucky they got the main placement away at 85 cents a pop and can clear their loans. However, I still do not understand why they needed it if they were supposed to be operating profitably at AUD 1300. I suspect costs are being capitalised to make their operations look better than they actually are (which is what many other goldies do). More will be revealed when they release their next quarterly statement.

loki (be patient and conservative in this market or you will get another huge kick up your rear Yoda once told me)