re: Ann: O'Callaghans Mineral Resource - ... Def agree, the Capex spend and the new mines to come on board this quarter are a positive, but maybe the market is not believing their ability to deliver,,,,the quarter production needs to be very impressive otherwise guidance MAY not be met...
I thought the build in inventories was due to "derivative"contracts and the difference in booking and shipment times for accounting purposes......
Either way this wuarter needs to be a ripper and the SP at this time may just be reflecting this risk.......
In the short term if she breaks 32.08 I would sell and buy back lower as the short postions are slowly rising since the report indicating to me that a growing proportion of traders thinks the performance is poor,,,,and by that I mean the net debt, net cash and lower production compared to same periods......
On the flip side if she is established over 33.20 then I might be a buyer but a short term buy until the next report........
As for the Gold price,,,,I still think that she will test $1000 purley due to the ration of EURO V USD and historical values of gold,,,,,whilst I appreciate this ration is not always consistant it looks to be that the FEAR premium is too high considering the realities of the GLOBAL debt situation...
Time will tell,,all I can say is that at the present time, lock in those profits as the SP intra day ranges are quite explosive..
Good trading
- Forums
- ASX - By Stock
- NCM
- Ann: O'Callaghans Mineral Resource - Competen
Ann: O'Callaghans Mineral Resource - Competen, page-6
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NCM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online