Club Mulgoa

Tuesday, November 09, 2010

EKMO

No, I am not brilliant. This one is mostly luck. But there is a basis for the 'luck'. When I bought the options, I knew about the 4th gold belt in WA being discovered by EKM; courtesy of my favourite summarist - Our Man in Oz at www.minesite.com

See my note on 29/09/2010 plus
http://www.minesite.com/nc/minews/singlenews/article/eleckra-is-starting-to-unlock-an-entirely-new-gold-belt-stretching-north-from-anglos-massive-tropi/1.html

What I didn't expect is how much and how fast the share price is flying in the last 6 weeks since I bought. I paid 5.8c and just today, the rise is 7c, currently worth 40c per option.

Very interesting, when you look at the latest EKM presentation in the UK, you will notice that AZX is still featured as cheaper than EKM! My AZXOA has not risen as much but why complain about a 45% rise within 6 weeks.

http://imagesignal.comsec.com.au/asxdata/20101108/pdf/01118208.pdf

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