GOLD 0.51% $1,391.7 gold futures

I'll go FML (disclosure stock held)for a number of reasons(1)...

  1. 6,011 Posts.
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    I'll go FML (disclosure stock held)
    for a number of reasons
    (1) initial DD results on Lake Cowan imminent, serious rerating potential
    (2) near marginal operator (circa $300/oz), has been priced for gold to fall much further IMO
    (3) the wave count: I believe it has just completed major 2 corrective from it's all time low 4 years ago
    (4) unhedged
    (5) I expect prod costs to improve.
    (6) risky CRE acquisition settling in quicker than expected
    (7) last qtr a pothole in the road with a few temp issues hitting prod.
    (8) was extremely oversold at the 3.1 low, Weekly Daily & Hourly RSI's all under 20

    overall a resumption of POG uptrend will seriously derisk the company & Lake Cowan huge potential on verge of being confirmed.

    Happy hunting & thanks for the oportunity to ramp :)
 
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