take part profits put on rrs, page-3

take part profits and put on laf Bought 160 000 @ 2.8c on Mon morning and sold 80 000 @ 3.5 c this arvo taking some profit. I used this money and some other doe and used it to buy 24,500 LAF @ 0.175 ...

My decision to buy LAF is based on the following reasons ...
- A September 05 broker report with valuation of 21c by stockbroker Grange Securities posted on LAF's website. Quite a good read. Also there are the ABN Amro Morgans broker reports to look at.

- Their announcement today ... talking at a major mining conference in the Phillippines and also inviting brokers to tour the plant in a week's time.

- Their previous announcements last month saying they are on track for the initial gold pour and the full commisioning of their new plant. Also the full year report supports this only a fortnight ago.

- The forecasts for the next few years, as well as their expectations of extending the ore reserves.

- The institutional investment from major banks and other instos such as Lion Selection.

- Gold is in a bull market and therefore the market take interest in all things gold at the moment.

And finally I just believe that the market are waiting waiting waiting for these announcements and will give the company a rerating. It's all happening this month! The instos have faith and so do I! Everything is happening except for the share price. Things will take off soon!

As for EXT ... they still have a way to go yet... next target 4c I think. Let's see what their announcement about getting their gold pour will do for the stock price. Even better let's see some positive news on the Uranium front!

Two good companies!