QXR 8.33% 1.1¢ qx resources limited

Ann: Non-Renounceable Entitlement Issue, page-210

  1. 26,820 Posts.
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    all imo

    hedging.

    it approaches a buy Zone, accumulate. You can never pick the top or the bottom, but ,,,

    Most CR do pull back towards the CR price.

    However, AVZ was a recent exception, so it demonstrates that there are punters who will drive the price outside the norm in certain circumstances .

    My target price is 5c / to peer 4CE. and upside for phosphate and AVZ type discovery

    So even though it may get to 2c, it may not if newsflow presents.
    No garantees. Just best guesses, and by placing a toes in approach, i am limited down side with a small entry, and upside intact.
    So if it does retrace to my 2c lower target, i fill the rest of my position.
 
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