i leave you guys for two days and you have gone off on tangents again.....couple of points/comments.
1) The gold is there and it will be mined and there is no risk of "how" we will mine it. The team demonstrated its very plausible and easy last quarter when they just decided to "use the excess capacity and throw some extra dirt in the mill".
2) the 30c mark is a huge physchological barrier as previously called out. we tested it yesterday and will need at least 2 more runs at it to crack through (not easy), just how it works with profit taking and individuals setting orice targets which are usually at these round numbers. be patient, will take a week or so my guess..
3) Also read some mumbo jumbo on accounting wntries and increasing balance sheet etc....well, I am the accountant, dont need a brother in law telling me anything. rest assured the balance aheet is very clean and these guys are merely running the business in accordance with the required accounting standards and principles (matching principle mainly) of recognising revenue and offsetting the expenses (as negative revenue). in essence, think of it as drip feeding large balance sheet items into the P&L over time. so far, all looks good but the balance sheet will grow substantially as reserves and investment increases, juat the nature of the beast. important figures to look at are EBITDA and most most important is cashflow. thats why if you notice, my price vals are always based on cash generation mothing else, as this is the purest form of measuring performance.
4) takeover - no, at this stage there has not been enough volume to drive even anhint of this. in order for this to be on the cards, you would see exponential vols over a week or two, so far, we have never even had an above 10m vol day and it looks like individual investors (at times large but tolerable)...so i dont see any issues here.
5) POZ just cracked 2700 and cracked it HARD! looks like even if the Hillgrove piece doesnt come to fruition and there is zero gold, we will still be up quarter on quarter (not to mention copper punchin above its weight like Mo Ali!)
nothing to fear folks, all is swell and very swell! yeaterdays run up to 31c was just some clogging in the pipes due to asx meltdown monday and a huge raft of buyers just plunging in.......ok for the windback, we breathe and we take another run up!
RVR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
