I did say i was being conservative. As well, i only based the Gold price at $800 an oz.
The firgures are pretty mind boggling.
I doubt the market will factor in anything atm. They are too spooked.
Crikey!!! 105 pts down Friday and today nearly 200 pts down.
Once the Mt Henry results are finalised, then we should see some real movement.
Even though i don't like Martis's constant ego ramblings and more often than not he is wrong, i did agree that KAL is looking at movement very shortly. It wasn't because of what he said, it was because i know the market well enough to see a share getting close to bottoming out. Its very basic stuff. Not rocket science. Maybe its the way Martis constantly moves the boundaries to suit himself. Unfortunately so many people listen to him. I put that down to very gullible people who don't bother to do their own research.
I had my own reasons for the movement in the shareprice and i still am sure it will happen before the years out.
However, i am not silly enough to make a prediction of where the shareprice will be at the end of the week or the end of the year for that matter. Prefer to leave that upto the "Soothsayers and Seers" to make those kind of calls.
Maybe thats the difference between a trader and an investor.
Cheers markco2
KAL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
