European Gold Share Discussion Threads

[rambutan2] 17/6/2008 23:00

john doody of gold stock analyst likes egu...

[mikkydhu] 17/6/2008 22:16

Up 12.8% in Canada on 1.5 million traded.

[bluelynx] 16/6/2008 09:39

This is a post from Jim Sinclair's website which is very pro gold, he seems to believe most junior gold mining companies are being massively short sold, hence the large falls in junior gold miners.





Posted On: Sunday, June 15, 2008, 11:06:00 PM EST

Fighting The Manipulation Of Juniors

Author: Jim Sinclair


Dear Jim,

Is there anything that can be done to resist the clear manipulation of almost every junior precious and base metals situation?

It has me fighting angry, as are thousands of other shareholders. These cowards count on their ability to hide common to cowards.

All the best,
CIGA Green Hornet



Dear Green Hornet,

Almost every junior has been fighting illegal shorts that funnel their illegal selling campaigns through lax regulations and exchange inaction in Canada.

By reviewing the juniors you will see every time they break out and up from a formation they are pushed directly back.

Any juniors issuing good news are met with significant selling on the day of the release.

I am very active on the issue. There are ways to fight this.

You need management willing to do anything required to protect their shareholders.

The prime illegal naked short selling suspect is determined by comparing the most active trading and the brokerage firm. This is revealed in the issue that has a small or no position on the reports to the company.

You need the monthly activity reports, the most recent participant reports, the consenting and not consenting to release list the name of the holder to the company and the available list of not consenting major stock holders.

All of those items are obtained by your investment's management, if you know where to look at a company.

With this information, you have identified the broker for the illegal short.

By proprietary means, perform #1 which is automatically #2.

Pull the perp out of hiding into the light of day.
Put risk into the equation for the individual or fund manager. At present, the naked short seller feels he or she has no risk as their cover is solid. No cover is solid if you know how to decimate it.
The first junior to make a major deal with the Chinese or Saudis will initiate a new non-defined interest in the situation which will put an impossible to define financial risk for the illegal in the equation. This will turn that issue hard up and pull many of the good juniors with it.
All the best,
Jim

[wassapper] 02/6/2008 08:08

Frizzers - no particular reason. They are not exciting the market at present, well they never really did, but it has been a steady performaer. We need some major progress on new mines.

[bluelynx] 29/5/2008 16:14

Just purchased some, surely this has been well over sold.

[frizzers] 28/5/2008 20:35

Is there any reason for this sell-off?

[frizzers] 22/5/2008 19:52

Needs to hold here or we go back to $4

[stuart14] 20/5/2008 16:47

I guess. They've got a lot of cash, are sitting on good resources and are increasing production.

[maxim1999] 20/5/2008 16:36

Or do they see themselves as a bid target?

[stuart14] 20/5/2008 16:26

Very interesting appointment today. Are EGU about to go on an aquisition spree

[penguin33] 15/5/2008 17:53

thanks for the info, explains a lot

[stuart14] 15/5/2008 16:48

There you go. The rise this afternoon just bought it in line with the recovery in Canada.

[stuart14] 15/5/2008 11:49

Penguin, very rarely does the share price move to UK based trades. I watch it a lot. IT will either gap up or down based on Canada's movement, and will track it during the crossover.

[wassapper] 15/5/2008 10:19

Dropped in Canada last night. Results were not inspiring.

[penguin33] 15/5/2008 10:13

can anyone explain how we got this share price drop on zero volume?

[stuart14] 30/4/2008 12:35

Price nearer 250p in Canada now.

[stuart14] 26/4/2008 08:23

Chart all a bit strange at the moment. Same in Canada. Hard to work out what it wants to do.


free stock charts from www.advfn.com

Canadian Chart looks better......just:

[stuart14] 23/4/2008 14:55

Getting cheap again!!!

edit.

LOL, off again in Canada, now 5.20, so 260p. Maybe a buying Opp coming up.

The U.K and TSX definitely don't follow each other precisely.

[stuart14] 17/4/2008 16:08

I don't ususally jump in and out. Just a bit nervous at the moment. The long-game hasn't worked for the past 12 months!!!

Some personal musings.

In Canada the share price has traded from $6.80 to $5. A range of $1.8. They are currently in the middle of that range at $5.80.

The U.K has gone from £3.50, tp £2.60. A 90p swing. If we were to be in the middle of the range now, the same as Canada we'd be at £3.05. That would do for a start

Edit. Off in Canada today. I'm out again!!! £500 profit for the ISA this week though.

[bangor] 17/4/2008 09:12

The uptrend with higher highs and higher lows is intact. This remains one of my favourite pm shares.

Stuart14

We all have different time frames, but for the great majority of us there is far more money to be made at holding from this level than jumping in and out.

[wassapper] 17/4/2008 08:56

No your not alone Stuart. Let's hope this turn is like one of it's past rises. It's possible we could go to near £4.00 this time.

[stuart14] 17/4/2008 07:34

On my own here!! Strong finish in Canada, bodes well for today

[stuart14] 11/4/2008 16:59

Thanks for that post. Watching closely here. Maybe back in on Monday!

[maxim1999] 11/4/2008 16:57

Spoke to the CEO for an update on trading & permitting:
- Production numbers being met with no disruptions
- Greek permitting : following the suicide of the Greek Culture
Minister late last year (due to his personal financial
discrepancies) the process is now back at 'full steam ahead'
with the new culture minister.We await the final preliminary
environmental permit from the culture minister who has now
been out to the site and we are assured the 'file' is now on
top of the pile.There is a 'real' likelyhood now that the
Premliminary Environmental approval & terms of reference
will be received before the end of May - this is the major
data point :from here the work to the final mining license
is in effect complete & i believe the market will start to
attribute value to the stock from this point.
- Romania : EGU are now in the 45 day notice period and have to
date had no objections : expect good news on this in the near future
also.
- Net net : the stock has underperformed the SPTSX Index by 16% from its highs
and now back to the low end of its relative range whilst the market has been
rewarding larger cap stocks with bigger production profiles.EGU is packed
with optionality and the trigger points are now around the corner as the CEO
is 'well aware that the company has to provide some positive news with its
numbers in June on this subject of permitting - i very much doubt they will
dissappoint! (chart attached = EGU relative to S&PTSX Index )
EGU current price = c$5.4 ..mean market price target C$9.14 ...would expect
by the year end to see price targets nearer to $12-14