Gold Road Resources Ltd ("GOR") - A new gold province?

[COLIN]

Well, they certainly diverged today, Strat - SMD up 10% while EKM down 6%. I must admit that last night I convinced myself that I should hold EKM as well as SMD, but thankfully I wasn't able to go on-line until later in the day and by that time the two paths had parted, so I have held off. Also, the buy/sell balance is much more in SMD's favour, and that factor always carries a lot of weight in my decision-making processes.

Intersetingly, on a 2-year time scale both shares have moved by exactly the same percentage.

Seems that it was EKM's turn today - SMD's tomorrow, perhaps!

[steve fleming]

SF/ Trackers - either of you looked at ADD? I decided to take a punt and bought a million at an average of 2.39 cents...rights issue at 2 for 3 held at 2 cents plus an option for every 2 new at 4 cents until 2013. While on the very high risk side of things a couple of the risks are not as high as they first appear. Indonesia is no longer the dictatorship it once was and it is a functionning fragile democracy. Management have been less than forthcoming and I am tending towards thinking that the acreage is already a signed deal despite their comments. $2 million of cap raisings is underwritten......it is still CE, cut off date 27th. Beautiful chart=)Views?

Interesting Gaz.....I agree with your comments.

Am pretty well loaded up on ADD...looking fwd to the rights issue

See thread: http://www.sharetrader.co.nz/showthr...%29-Cheap-Coal

[gazprom1]

Thanks SF....biggest risk, IMO, is general market risk. If the markets turn then liquidity will be lost too quickly for an exit at any price. Will be very interesting to see the announcements post placement.....they will be thick and fast.....agreements finalised, new dirt, starting production, upgrade in reserves.....=)

Gaz

[trackers]

SF/ Trackers - either of you looked at ADD? I decided to take a punt and bought a million at an average of 2.39 cents...rights issue at 2 for 3 held at 2 cents plus an option for every 2 new at 4 cents until 2013. While on the very high risk side of things a couple of the risks are not as high as they first appear. Indonesia is no longer the dictatorship it once was and it is a functionning fragile democracy. Management have been less than forthcoming and I am tending towards thinking that the acreage is already a signed deal despite their comments. $2 million of cap raisings is underwritten......it is still CE, cut off date 27th. Beautiful chart=)Views?

Unfortunately the Ex date is today, so too late I think (even though T+3 still gives plenty of time before Record Date, but Computershare must have closed the register or something)! Bugger. Will look into these guys anyway and may buy in if theres a dip - Cheers Gaz/SF for the heads up

Seems that it was EKM's turn today - SMD's tomorrow, perhaps!

Yeah hope so!

[STRAT]

Some fat orders on the buy side this arvo. This is starting to look very healthy

[STRAT]

Seems that it was EKM's turn today - SMD's tomorrow, perhaps!

Looks like EKM may kick SMDs arse today Colin

[airedale]

I like the term bonanza being used in the ann. today

http://www.stocknessmonster.com/news...E=ASX&N=511096

[STRAT]

I like the term bonanza being used in the ann. today

http://www.stocknessmonster.com/news...E=ASX&N=511096

lol. Its a good word eh?

[evilroyrule]

steve fleming you are a legend. please PM me your address so i may send you something to drink. my first ever double bagger. ekmo. in less than 3 weeks. many thanks

[whatsup]

27-- TWENTY SEVEN oz's OF GOLD PER TONNE, DOUBLE WOW/WOW/DOUBLE WOW; .50 here we come !!