re: Ann: Tujuh Bukit - Porphyry Copper-Gold R... pmac
Yes certainly a good announcement and just makes Tujuh Bukit all that more compelling, however, I would rather not have these mini speculative boom / bust cycles as what normally happens with these companies.
Until we get the approval to mine I will not be entirely happy and the SP will be capped as traders take it up suck everyone in and spit them out at the top end of the trading range which is around the $2.40 with support around $1.80. I hope people have bought in or topped up at $1.80.
If $2.40 is significantly broken with an uptrend then that should be a cautious signal that approval is on the cards as thew news leaks out. People can't help themselves.
That all said it is certainly an exciting, well funded prospect.
All the best to holders
Cheers
BW
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