OAR 0.00% 0.2¢ oar resources limited

In-patient market probably wanted news on near term FcF or...

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  1. 3,948 Posts.
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    In-patient market probably wanted news on near term FcF or expecting results from drilling far earlier than what is realistic. Shame to see the re-trace back to current price but has been on very small volume so nothing overly alarming given the amount of share's that we're recently created.

    Participants of CR imo will need larger volume or volatile days to offload. Best to sell into drilling news or cash flow in 6 months. For 6M MC still a very reasonably priced play either for exploration success or the gold processing plant. Having both - looks promising. Will take an opportunity to increase exposure at 1c.

    Strategy still remains a free-carry at 2-3c for me. Daily suggest's buying opportunity may be closing. Weekly pattern is looking for confirmation. on which way to head. 1.2c needs to hold and then push above 1.4c otherwise a re-test of .9-1c will be on the cards.
    OAR daily.PNG
    SF2TH
 
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