Ballarat Gold Share Discussion Threads

[arja] 21/2/2006 13:17

polish_student,
I found that I could not buy online through jarvis but I could through etrade - crazy really !

[laserdisc] 21/2/2006 11:27

12vic seems some employee share options are excersisable sept 2006 just hope they keep them & do not sell but i cannot see that most employees take the cash so we could have a price dip?

[polish_student] 21/2/2006 09:07

why can't buy on-line (iii) ?

[12vic] 21/2/2006 08:20

Hopefully pasting above will work . Interesting bit is page 5 which shows Merryll Lynch trades on London Markets 21/11/05 - Feb 06

[12vic] 21/2/2006 08:15

Morning !

Fairly uneventful nights trading in Oz , buys were going in at 51 cents at one point then steadied to 50 on low volume circa 3.5 million trades .

2 Announcements on ASX , first concerns loan conversion also announced over here . The second only appears to have been released on ASX and is the more interesting - relating to an increase in holding for Merryll Lynch to circa 118,000,000 or 10.29 % of company . Always a good sign to see the insti's increase their holdings ! I will try and post a link to the Merryll Lynch announcement as it is really worth a read , a lot of ML shares were bought on the London market and the buys are far more regular and smaller in size than I'd expected .

[jed tinsel] 21/2/2006 07:33

Gold May Rise for 2nd Week on Inflation Concern, Survey Shows

Feb. 20 (Bloomberg) -- Gold may rise for a second week, extending a rally that sent prices to a 25-year high, as investors buy bullion as a hedge against inflation.
Twenty-three of 37 traders, investors and analysts surveyed from Sydney to Chicago on Feb. 16 and Feb. 17 advised buying gold, which last week rose $1.10 to $552.10 an ounce in London.

Jim Rogers, who co-founded the Quantum hedge fund with George Soros in the 1970s, said in a Feb. 14 interview that gold's rally will continue, eventually topping its record high of $873 an ounce

Gold Rally
Gold jumped 18 percent last year, the fifth straight annual gain. Prices are up 7.5 percent this year and reached a 25-year high of $575.35 on Feb. 2.

Interest rates would have to rise a lot higher still for them to have any negative effect on gold, which remains in a bull market.

Speculators

Speculators almost doubled their holdings in gold futures since August

[arja] 20/2/2006 15:47

Yes, finishing on high for the day was impressive . It could be a slight struggle to move higher tonight with US holiday but one never knows .I only wish my other OZ gold stock , TAM, would perform as it fell 1/2 cent last night !! MD looked bad but it still has uptrending chart which is normally what counts !

[12vic] 20/2/2006 13:34

Hello Arja - Market seems to be eating up any sells in Oz so would expect continued progress tommorrow on basis of how strongly it finished last night . I still feel there's some news in the background here maybe along the lines of what was hinted at a week or so ago , but this is just speculation . Gold looking good so hopefully we'll be able to enjoy a bit more of a ride on the back of this if nothing more .

[arja] 20/2/2006 10:41

12vic,
nice to see it break out in OZ and also a firmer gold price so far today . I could not resist buying a few more on Uk market at today's opening although I do hate that MM spread!! Chance to kick on tonight although it may consolidate for a few days .

[laserdisc] 20/2/2006 10:07

nice to see you guys are in for the long term i am also in long term cheers & keep posting your good articles

[jed tinsel] 20/2/2006 08:41

12vic,

I agree, BGF isn't just a 'one trick pony', massive potential lurking here - my target is 50p+ for this year, however 40p would do very nicely at which point I'd top slice.

;-)

[12vic] 20/2/2006 08:36

Long term hold for me , I plan to see at least 40 pence + this year , but will not be selling unless trading opportunities . The current valuation is based on Ballarat East only , once the model is proven through production there are three other mines to be developed .... there are still multiple + scenarios that can move this share on to a different level . I do of course have a stop loss which should only come into play if there are issues with production not meeting expectation .

[jed tinsel] 20/2/2006 08:35

12vic,

I can't understand why it's not on more radars, after all it is producing gold in a geo-politically stable place and I count it as one of my safer plays. Others miners I have are: CEY, GGG, PAF and GAL.

[12vic] 20/2/2006 08:28

Looks like it could be JT..... just wish a few more investors took notice over here . That said the Oz market driving things very smoothly .

[jed tinsel] 20/2/2006 08:25

Have you a price target?

[jed tinsel] 20/2/2006 08:22

Good morning, 12vic,

Yes it all bodes very well. Exciting and profitable times ahead.......

;-)

[12vic] 20/2/2006 08:14

Looks like 20p in UK well and truly breached with bid shown at 20.5 offer 20.75 . Telling price movement yesterday , hovered between 46-47 cents all the way to 12.00 then bang went a bit crazy in the afternoon , maybe some info leaked . Very odd trading though as I would normally associate this sort of late movement with large institutional buying . Looking through the 10 million volume these are all small investor buys , certainly shows there's no big holders wanting to leave BGF .

[12vic] 20/2/2006 07:31

Big night in Oz , largest positive trading session move I've seen +4 cents in one hit and breaking the 50 cent price barrier . Hopefully just the start of another push :).

[12vic] 19/2/2006 16:46

Interesting article , shows just how critical the timing is for companies like BGF and other emerging producers to set up stall whilst the goings good .

[jed tinsel] 19/2/2006 07:51

The Sunday Times
February 19, 2006
Fashion sets off a new gold rush

"The higher precious-metals prices have risen, the more demand has been generated from investors and speculators.

"Institutions are looking at diversifying their portfolios: Hermes, for instance, recently put £1 billion into commodities on behalf of the BT pension fund. Where they tread, others will follow."

[arja] 17/2/2006 11:41

morning 12vic,
yes, our BGF not looking too bad and nice to see the gold price moving up gently this morning . I hope it can break the $549 resistance level . Public holiday in USA on Monday so may be fairly quiet trading ahead of that !
Have nice weekend .

[12vic] 17/2/2006 07:34

Morning Arja - volatile sums Gold up quite nicely !

BGF on the other hand is performing very differently . Finishing at 46 cents on circa 1.5 million trades , it's almost as if Oz holders are determined to lock the shares in and sit on them whatever the case . This really sends out positive signals should there be a good announcement or perhaps a firm gold rally . Probably the most important thing about this is there has been no large institutional profit taking which one might have expected in a volatile gold market - these decisions must be based at a minimum on some measure of short/medium term confidence from the larger investors .

[arja] 16/2/2006 09:08

12vic- i think BGF is indeed outperforming most other gold stocks . So may perform well when gold resumes it's uptrend . Let's hope so ! I have only made a few pounds on gold spread betting as it is so volatile as you imply and hard to pick the trend for the day - it can move up and down by $3 or $4 about 3 times in half an hour !! Also, even a narrowed spread of $.5 makes it hard to trade. Needs to be .2 !!

[12vic] 15/2/2006 07:53

Pulled back up again in Oz on very low volume , last deal was a buy at 46.5 cents . Interesting that this level is supported at a gold price in the $540's , especially when you consider that the shares traded no higher than the 46 - 47 cent range when gold was at $570+ .
Is BGF outperforming other gold stocks at the moment ?

Arja - If your spreadbetting gold at the moment I have to say your a far braver man than me ! Monitoring the various gold threads yesterday most were talking about short term down trend with long term uptrend in the background . What happens the price goes up $7 - it's almost seems like a casino play for the time being .

[arja] 13/2/2006 19:22

12vic- most of the day deal4free narrowed their spread on spot gold price to .5 but I notice they have increased it back to .7 again now !!