Don't forget people are also short those options so there is no way they can be extended (I'm not one of them by the way!)
I have left two messages for JG as I had a private equity fund out of the UK willing to take a look at funding Deflector. Straight debt as far as I'm aware. Disappointing JG hasn't got back to me. I will try again.
I wouldn't be surprised if we have seen a bottom in the POG at $1180. Seems a few others are (banks) have the same view. Its early days but I don't see the risk reward of shorting gold here & I'm looking for it to head back toward $1400-1500 range. If the Aussie behaves & stays around 90c then we probably have game on again for deflector. Hopefully this time considering the amount of work that has already been done financing could be put away quickly.
Obviously its an optimistic view however its v=certainly not out of the question.
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