Who likes Porkies, page-49

Hi Esh,

He has both. He's a switched on investor. Sold his stakes in two mines, in seperate deals, to EDV (Africa) and EVN (Australia), apparently to reduce risk during the downturn.

Interesting that he is now looking to ramp up investments in the sector again.


GANN report (James Flanagan) this weekend was interesting but not ST encouraging for sector bulls:

- Platinum breaking down, after a bear market leg up, as he expected and as per historical analogue (leads)

- Silver close to breaking previous low and potential capitulation

- Gold hanging in there but recent runaway leg to the downside has, in 21 of 23 previous examples, not been a final low for the move. Thus on probability the lows are still ahead.

However, if a washout does occur, and likely within 6 months, this will set up a potentially very favourable market for a significant bull market ... just not yet.

Re RSG, the company may have enough specific catalysts that allow it to move forward despite these ST headwinds.

Cheers
john