huge volume?, page-3

I have held HIG for some time. The raising just about made me self combust but she is finally coming good.

These were my reasons to accumulate/buy in Feb:

Reasons for buy:

1. Kainantu in PNG is, in my view, on time and will begin producing in mid 2005.
2. Profit margin will be excellent as cost per ounce will only be approx $140 per ounce.
3. Life will be minimum 6 years.
4. Further exploration this year... big lump of yellow found last year.
5. Ramu has attracted Chinese interest.
6. Frieda looks promising.

They have somehat changed, but we now could be getting close. Clear resistance at these levels (60-70) after which she could show signs of doing anything once the specs get on.