AUL austar gold limited

reasons why, page-9

  1. 4,255 Posts.
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    Good luck dapper. Its strange that you are looking at moving your funds because the MNM SP is way oversold which is why you and many others are angry IMO. I continue to focus on the positives as I am not too concerned about short term SP. I held LYC at 50 cents about three years ago when rare earths were hot, LYC did nothing for months and I sold before it ran about 500%. Timing is so important in this business and my timing has never been excellent so I buy early and wait.(I buy when sentiment is low and volume low like now IF funderfentals have not changed like now)

    Worked well for me with AVB at 1.7 cents and NEU at 1.7 cents so I will do the same with MNM(big money is not made buying after the rally/news IMO, its made it periods like now)...Some on here think MNM should be many multiples higher and rightly so IMO, biggest decision now is whether you prepared to sell on the 52 week lows due to fustration or losing faith in your initial assessment.(coal sector has had bad run, when is best time to buy into coal sector? when is down or been flying for years?)

    Fact is fortrend is selling and SP is low. Coal prices have been hammered like Vertigo said which does not help. I few months goes fast in this business and if people think the SP will be at 6-7 cents when they start to drill Mt Mulligan, coronation,haunted streem, I think they mistaken. I am no guru but I normally look for shares like MNM which have been oversold, have cash backing, have assets to be drilled soon, good commodities and management with a large position/incentive...

    IMO, people need to take away the emotion of the past selloff and look at whats to come. Which other ASX junior has as many assets as MNM, cash and positioned very well in a new sector just about to hit the radar? IK has accumulated BC for years for this exact reason...

    yes BM may be a wait but if coal prices rally and the Brown coal techs start to rally in the next year due to S7 allocations,ALDP, how will MNM look? How will MNM look if Exeregen raises 100 million in the near term?

    I hate the SP but I don't post or watch it every day like I did before. I am not concerned if we have another 8 quiet weeks but lots of news coming in early 2013...

    I hold tight,many irons in fire, sorry for ramble
 
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