OXR oxiana limited

instos or accumulators have their fill?

  1. 16,024 Posts.
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    Interesting that once we got to around 33m traded (like the other day when it spiked on this volume) the buying has dried up?? Either the big buyers have their fill for now .. or every trader has churned it as much as they are prepared to risk today.

    An announcement would be nice ... but I suspect today was a "response" to the diggers and dealers presentation ... resulting in a long overdue "catch-up" rerating. OXR has traded sideways and in a tight range for the whole of the last 2 years ahead of copper production and with other resource stocks having risen 50-100% or more. More to come either way (institutional accumulation/rerating or takeover) .. IMHO.

    H
 
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