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Oxiana target 48 cents

  1. skippa

    1,136 posts.
    According to hartley's chartist, he is calling as a MINIMUM target for Oxiana of 48 cents now that resistance at 34 cents has been broken.

    Does anyone think there is less risk now at 37 cents than what there was when the stock was at 15 cents? ABN AMBRO have a valuation of 88cents and JB WERE say 95cents. AMBRO's valuation was done on $300/ounce gold and 85 cents per pound copper.

    AMBRO's have a value on their copper deposit alone of 74 cents per share. The feasibility study which is due to be released very soon should provide good reading. I wonder if the share price will move before its released!

    Not much volume today, but I did notice most of it was single large orders. Single buyer on the bid now with a remaining order of some 141000 units. Is something up?? Anyone in the picture here??

    skippa

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