Took a buy in this company based on Technicals alone. Fair value for me indicated a testing of the 20/50 dMA.
Judging by the past performence, I have set a target for $3.50 and I don't think it will move past that point unless of-course there is some outszide factors which push it past that point, or down respectively.
Not a bad company though I must admit I am not versed in the fundamentals but I do hope the target is reached.
Mining has been taking pretty large hits all around at the moment and cannot comment as to whether it will get better or worse.
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THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
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