10 day uptrend, page-3

10 day uptrend, since 27 Oct shorts have failed. its bouncing up to 20-23c for the AGM imho.

LJ JORC ann was due out end sept now 5 weeks late, they issued BSwan and windarra JORC instead which was a surprise. The LJ JORC 2012 may be larger or may include new drill intercepts that Hutchinsons hit team have been working on or Norilsk drill hits that were filed away..Hutchinson recomended LJ to POS not just for the 1.5MTpa mill but also the 300sqkm area that is flying fox like but horizontal, this gives POS another 30 years of mine life, forget 2-3 years current at LJ.

If they are timing LJ with drill results or offtake/tolling agreements combined then that may explain the delay in LJ ann as why would they hold back on LJ otherwise, it could have easily been done in 2 weeks like BSwan was using the same engineers, so it means they are adding something big to it.

Adams of DJ Carmichael calls it to 62c-67c - he wouldnt do that but for true support for that call from clients and with resources to back this call up and make it happen, it wont happen before the AGM but it will happen and hes looking for that 10c run to 26.5c and spike like his last call at 16-18c went.

Adams is no fool... he called it to a 10c spike last time just before LJ, he will call it "value accretive" again when LJ comes out again, as for debt funding, with AF loan gone, and no current debt till March 2017 its a pure cash no debt Ni producer, with staff contracts and LJ out soon as predicted by Seeking Alpha and others, i am betting on a spike to the AGM 20-27c. 16 days to go.