Well this week went fast, the four day working week was great.
The week was distracting however for me as my buy of LGL shares was not making any headway.
The mine was closed due to issues with traditional land owners, however announcement Friday that all had agreed to sit around the table, combined with the jump in gold prices this saw the stock surge Friday and it closed at $3.13
My 41,300 shares were looking good as the purchase price averages $2.82.
I hold NGF too this was a real speculative buy they looked oversold and have a hedging agreement in place through a convertible note issued to Lehman Bros which they may be able to get out of and gain exposure to higher gold prices I bought 105,000 of these currently 9 cents, I cant recall why the odd 5,000. This was trading above 50cents a year ago but has been stuck rangebound between 8 and 10 cents for the last two months has some resistance at 9.7 cents. its seems there is always a big seller there as if someone wants to keep it below 10 cents.
Social life has been disastrous this week with a few beers on Tuesday and Wednesday, have been watching a bit of tennis during the nights too.
The rest of the week has seen me watching TV or on this computer.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment