Ann: Kidman sells Gunga West gold project for up to $2.5m, page-8

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JandJ

11,411 Posts.

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01/04/16

22:35

Post #: 17405459
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Originally posted by squire ↑

JanJ,
Bottom of cycle you reckon?
What about the assets we have have and held when POG was much lower.
If you take your view, then the other side of the argument is why hasn't MLX SP risen in a rising market as its peers have?
Likely because MLX keep buying when others have said lets get our assets producing and increase our cash balance! In the last six or so months all I keep reading is MLX buying or wanting to buy with very little or no competition. Appears to be TAM was likely the only deal left which has value in it. The others it seems is about companies offloading to MLX.
MLX worries me no end. I am hoping it will run to 1.4 again and then I'm out.

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Hi Squire,

Take a look at ^XAU on 7 years monthly bars.

Top 225 Dec 31st 2010
Bottom 46 Jan 31st 2016

Two months of green shoots since bottom. Just enough to say maybe we can call a bottom, and to get the M&A people salivating.

The next run up might peak in 2020 and will be much higher than 225 IMO __ IMO.

Don't ask me why but the market always does what the market always does.

MLX Price at posting: 92.0¢ Sentiment: Hold Disclosure: Held
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Ann: Kidman sells Gunga West gold project for up to $2.5m, page-8

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