With POAu + 16.50 / 783. 50 and the HUI +11.4 / 420.6 confirming its breakout into new primary, any company that has a significant resource plus paid plant and expanding production rate with no debt or hedging in place, is soon gonna be riding the golden waves big time.
Sure they say need 20 mill to finalise expansion plans etc, but thats NOTHING in this current market mood ....... am sure they will find it ........ and when all done, might see a DOM style evolution cos there aint too many emerging golden producers ready like this atm.
Love the story, love the market mood, very much love the ground, resources, proximity and strike to some RICH mines, sooo decided to punt with probing core entry yesterday as the first of my pure Golden plays for the new primary "third" wave in the price of gold I expect to see.
IMO technos and FA target 30s into next year once they tie up all loose ends, tho personally will be looking for much higher targets on the back of my expectations of 850 then 1650 for POAu from now into y2011 ..... with open mind about even higher as some suggest.
Reckon this baby is close to a major reversal from a long downtrend. About time they had some "luck" go their way.
IMBOOC
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