BUX 0.00% 6.9¢ buxton resources limited

Fantastic value last few days. 6c was also the best buying...

  1. 3,933 Posts.
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    Fantastic value last few days.
    6c was also the best buying opportunity a few years ago.

    BUX has fantastic exposure to copper market in my opinion and the graphite project also robust.
    Corporately in a very good position post raise and IGO still interested.

    The 6c range has historically provided a very good technical base. The raise and seemingly those retail washing out their shares to perhaps buy via the SPP and get options i think this is the soak point which the MC and EV make sense.

    Chart below for a bit of guidance on the T/A aspects. Status update to buy reflection actions today and yesterday. Lets see if this is a good buy point or not. Not sure what the market thinks but i love the value range here.

    CR and cashed up now - lots of drilling campaigns across next 6 months. Limited downside from here IMHO.

    BUXTON monthly.jpg


    Technical exit point would either be 10c or 12-13c. That's a handy 50% or 100% ROI on a stock with very good long term fundamentals.

    weekly stochastics historically a very good indicator of a swing low.

    BUX stocha.jpg

    ***disclosure i am long and have always held a good position - but will buy and free-carry as required.

    No idea if the bottom or not, but looks good to me and i'm edging in time will tell if right or wrong.

    SF2TH
 
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6.9¢ 6.9¢ 6.9¢ $295 4.276K

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1 16176 7.0¢
 

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Price($) Vol. No.
7.4¢ 3232 1
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Last trade - 10.22am 14/08/2024 (20 minute delay) ?
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