takeover maybe, page-9

Telfer problems are not resolved ... gold price is weakening ... short term trend is down ... I have had a short on this since it was $20. 40.

It's now 19.73 or thereabouts.

The recent close below 19.86 was bearish ... technicals point to a drop of $4.00 - $5.00 from that point.

When it gets to $15.00 or thereabouts I will re-enter - not before.

Stick to your 'pipe dream' - good luck.