Gold trader
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If one looks at the time period September 1, 2009 up to today, you will see several examples of large up days/white candles accompanied with volume.
October 7, 2009
February 19, 2010
April 28, 2010
May 20, 2010
August 19, 2010
September 29, 2010
December 28, 2010
and now we have February 23, 2011
The only comparable down day with large volume was December 21, 2010, which may have been tax loss selling related.
Almost all of TLR's big volume days since September 1, 2009 have been to the upside. Let's hope that this is an indication that a larger investor(s) with a longer term perspective makes large purchases periodically, then steps aside, lets the share price and volume stagnate...then strategicaly swoops in to build a position at opportune times.
February 23 was a great example. After TLR's nice run up the first week of February, the share price had slowly dropped on light volume from the $1.20 area on February 7th to close at $1.08 on February 22nd. This weakness took place while Gold was rising roughly $50 during the same February 7-22 time frame. The morning of February 23rd, TLR opened weekly, dropping to $1.05, and then huge buying volume showed up at 1:45 EST and the volume pushed TLR to $1.30 at the close on Wednesday the 23rd.
Now, it looks like the pattern is repeating again...volume is drying up and the share price has retreated to $1.18. I imagine the large volume buyer (s)will return when the next opportunity presents itself.
If you look at page 16 of Timberline's December, 2010 Investor Presentation on its website, you see that Timberline's share of the Estimated Annual Economics @ $1,000 per ounce gold is $17,141,250 at Butte Highlands. This amount jumps to roughly $30 million dollars at $1,400 gold. Timberline's current market cap is $66 million and we might make roughly half of that per year for a projected 10 years starting in 2012. Then you add Lookout Mountain and the drilling subsidiary on top of that and you can quickly make an argument that TLR is very undervalued.
Let's hope these large volume up days are a sign of patient long term accumulation...
What everybody must understand.
Since they bought Staccato, TLR have been punished hard !
If they can prove it was a great buy and prove they find 1M once of gold there, we will skyrocket to + 2$/share.
Marc Faber: ‘We Are in the End Game"
http://laboussole2012.wordpress.com/2011/02/24/marc-faber-%e2%80%98we-are-in-the-end-game/
Marc Faber: ‘We Are in the End Game"
http://laboussole2012.wordpress.com/2011/02/24/marc-faber-%e2%80%98we-are-in-the-end-game/
PUMP & DUMP !
4.8M in volume in 2 days.
The company is playing games.
I will hold this for the big run, but I've no respect for this PIGS.
They play with our B....
I'm tired of this SH@T !!!
Will be available 8-9 March
I will jump on GPL, just after I cash in my profits on TLR.
Not a seller under 2$/share (TLR)
2M once of gold for 70M$ market cap, can't spit on this......
They ancipitate the BIG REPORT OF MARCH.
Report will anounce + 1M once of gold in Nevada.
Total gold = 2M once of gold (With the mine in Montana)
2M for 65-70M$ market cap.....
Under 2$/share it's a joke !!!
Ohhh yea....
+ 25M$ in cash, If they push the price above 3.5$ (July-August)
I've good news for you....
Saudia Arabia will fall next......
Oil = 220$
HDY ?
Thanks, yes this time I was very very suspicious.
50% Cash and 50% TLR (Accumulate from 1.06$ to 1.12$)
GRS, RBY, SA
Others Mining on my radar right now.
Gold, oil, silver is the place to be right now, until......? (2018-2022)
The market cap will need to reajust to 1.5 to 2M total gold once.
Anything under 2$ is INSANE !
I say 1.46$ before Nevada PR.
2.25$ After.
Start your engine.
However, Pebble has become a lightning rod for controversy among national environmental, sportsmen's and fishery groups. The December 2010 issue of National Geographic featured a several-page spread asserting that the massive project could possibly jeopardize "the world's richest sockeye salmon fishery." Fifty national jewelry chains have pledged not to buy gold from the Pebble Mine.
No, Dodge Squad....
Gammon Gold announces that co successfully resolved the labour disruption at its 100% owned El Cubo mine, located in Guanajuato State, Mexico (GRS) 9.05 -0.24 : Co has secured a more productive, standardized Collective Agreement that includes significant concessions and terms reflecting current legislated norms and industry best practices. The new two year collective agreement has been unanimously approved by the union.
I WANT TO CRY OF JOY !!!!
TLR VICTORY !!!!
My friends, I can't believe what I read....
From 1.2 to 1.5M onces "High grade" in NEVADA.
WAW !!!
NO BRAINER !!!!!
TLR VICTORY !!!!
My friends, I can't believe what I read....
From 1.2 to 1.5M onces "High grade" in NEVADA.
WAW !!!
NO BRAINER !!!!!
My friends, I can't believe what I read....
From 1.2 to 1.5M onces "High grade" in NEVADA.
WAW !!!
NO BRAINER !!!!!
A significant exploration plan will be undertaken at the South Eureka property with a focus on the Lookout Mountain project. Lookout Mountain is a typical sediment-hosted gold project with historic gold production and a previously-reported gold resource in excess of 800,000 ounces
800.000 + 350.000 (Montana) = 1.150.000 gold onces.
60M$ Market cap/1.15 = 55$/onces.
We can fly to 150$ easy.
= 3$/share.
http://news.goldseek.com/FeaturedPR/1280842823.php
DOW/GOLD = 9
Need to join 1..
Long way to go.....
GERALD CELENTE SPEAKING !!
http://laboussole2012.wordpress.com/2011/02/19/gerald-celente-speaking/
GERALD CELENTE SPEAKING !!
http://laboussole2012.wordpress.com/2011/02/19/gerald-celente-speaking/
BEWARE !!!
"Low grade Gold", Cost estimate for the mine + 1B$.
Tricky stuff....
I've an eye here....
Can't find any production number or ressource estimate.
Any DD out there ?
I'm ready to jump in today.
Who can push me ? :)
Be ready for a balistic move.
I've the green light from Guinéa.
LET'S GROOOVEE !!!!
Obama Administration calls for 5% royalty on gross proceeds of mines
http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=120691&sn=Detail&pid=102055
Obama Administration calls for 5% royalty on gross proceeds of mines
http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=120691&sn=Detail&pid=102055
The potential tonnages, grades and contained ounces reported in the
geological potential estimate were designated by the company as being
conceptual in nature, but supportive of the view that the F2 Gold System
possibly hosts a very large mineralizing system. The total geological potential
of the system was estimated at between 13.3-16.1 million ounces grading 24.4
to 26.8 g/t gold.
We believe a revision, or removal, of the conceptual estimate would have
minimal impact to the company, given that the market, in our view, has
provided negligible value for the geological potential of the deposit.
In contrast, we believe there could be a material effect if the regulator is
disputing the resource methodology behind the inferred resource estimate of
4.0 million ounces grading 20 g/t gold. In our view, the methodology
described in the NI 43-101 report is consistent with practices employed
elsewhere in the Red Lake camp and, as such, the likelihood of material
changes to estimates is relatively minimal in our view.
Accordingly, we make no changes to our valuation at this time. We maintain
our 12-month target price of $10.00/share and reiterate our Speculative BUY