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The Lyceum - searching for eudaimonia


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Bought just a few more at 3.4. Looks like a break through 3 cents for now.

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  1. It's Snake Pliskin's Avatar
    Is this a technical or fundamental buy Kennas?
  2. kennas's Avatar
    Fundamentally speculative on the charts.

    This is very spec Snake and I have no confidence in it doing anything really. Just throwing a few $ at what is a high risk/high return opportunity.

    Historic grades at Tennant Creek are obscenely high. 100++ g/t common at the Juno deposit, up to 35m width.

    I think the company is targetting 2m + oz au with the drilling to start end of month. If they get similar grades, this will be one of the richest finds in the country.

    So, 'fundamentally', if they come out with an ann stating 10m+ ish at anything over 100 g/t, I'd expect them to spike a tad with gold going ok. This is really what I'm in for now.

    I didn't want to get in till I saw uptrend continue which meant 3 cents had to be broken. Should be good support there now, more at 2,8 ish. If it doesn't hold above that, then something may be wrong with the program...

    Still super spec and any company that has changed it's name four times is a concern to me....so, I haven't put the house on it.....I am watching volume and price action closely however to buy more. Probably next step for me will be to buy more on rise above .036 and .04.
  3. kennas's Avatar
    Support held very well at 2.8/3.

    Unusual volume spike on Friday. Will be topping up after the dust settles on Monday pending anything else unusual.

    If these guys come out with the historical grades claimed in this gold frenzy, should be some decent short term gains to be made.
  4. moneymajix's Avatar
    Yes. Could be good.
    Why didn't I buy more at sub 2c????????????

    PS: How is Joe?
  5. moneymajix's Avatar
    Updated 4th-November-2007 at 02:41 AM by moneymajix
  6. kennas's Avatar
    Joe left Cusco on Friday for the Amazon and is back in Lima this afternon I think.
  7. kennas's Avatar
    Bought a few more EXM this arvo @ 3.6. Looks like it's found some intraday support and set for test of ATM. Just holding for the likely build up to drill results and my plan is to take advantage of short term interest.
  8. moneymajix's Avatar


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