gold on the move, page-3

Well vender I went through the cash flow statement and balance sheet,added the 60m receievd to gain a NTA.

Then calculated res and resourses bit like good will if you were to sell a company.

Then put the calculations through the share register and came up with around 35c a share. That created a marker for me and in I went. Call it luck or good mathamatics what ever you like,its just how I go about things.

You just got to remember that a chart may say 21c but you got to get some poor fool to sell at 21c to get your prediction.

The 21c is below the NTA with my calculations including the extra funds of 63m.

To get the 43c to 45c I added 25$ per oz increase per unit sold giving me a better valuation and creating a new marker.
This is a method I have been using to find a fair bottom everytime,but I dont always get it right.But not far out ever.

Then I put in the production fiqures for the future,then putting in my markers for where the stock should be traveling.

Then putting in market movements e.g price of gold which then I position sell out points. If price falls to a certain level where the cashflow will be affected Im as good as gone.

All these positions are marked on a chart with calculations nearly completed except for the retail issue.

Oh and gold is trading at $952au an oz which makes my outlook abit more bullish.

Goodluck Vender this is just my method based on 3 hard mind recking years studying financial,company and cost accounting not to mention economics both macro and micro.

Also followed rene rivkin went to alot of his seminars and read all his material.

But at the end of the day each to their own this is just my method and Im pritty happy with it most of the time.