GREY:MPRXF - Post by User
Post by
bedrockeron Aug 17, 2011 1:17pm
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Post# 18952136
Re We Need News (typo corrected)
Re We Need News (typo corrected)It looks like it has good support to me - around the 60c level, or at least the first level. I think whats hitting us now is the fact that's gold high and the producers are not moving with the gold price move. I don't know why but hope it changes. We may need a correction in the gold price first - seems to be just too many disbelievers.
I like the other properties as backstops (just like Reed is for VMS) but Headway is the key to me. We will know when we get there if they get there. I would not get unnerved by a correction although it may be tempting to take profit in the hope of getting back in lower.
Watch Headway progress very closely. The key for me is success there though they can go on without it as they have bets on other horses. They have done well through the summer doldrums though I have little faith in the NIA pumps as I have no control on when they decide to bail. Perhaps some now.
May luck be with us all. Only time will bring a verdict.