re: one for the watchlists...
I have been watching for an 8c finish in this since the recent false start...
We got it today...and on reasonable volumes too for these guys!
It may or may not indicate the start of a significant move, but I for one will be watching for signs of a breakout in the near term!
News is due, so it may just be pre-announcement buying, or it may be the leaky boat syndrome...then again, it could also be their gradually rising NTA, which by my calculations is currently around 6c!
Not a lot of downside risk at current levels, but frankly, it's not your average trading stock, so I'm not sure how many would be prepared to jump on if it does break out...but I guess with the market the way it is, nothing would surprise me!
Perhaps it's one that has slipped under the radar?
If it does run, I have an intial target near 14c...but not sure how long it would take to get there.
Cheers!
ORC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
