The price has been to-ing & fro-ing since early Nov. '06 in a trading range around $1.70 - $1.95.
Whilst volume is not shooting thru the roof, OBV is good & steady.
As a LT holder I'm quite content with that given the price of copper falling sharply since Cu has been the only commodity Fox has been selling to Jinchuan.
Whilst we await for the R/U on Whundoo & JORC for Ayshia, obviously the 1/2 yrly report is more vital as this will provide a better indication on just how Fox performed financially from its sales of copper.
We've been notified of many positive ann.'s re: assay results, newly discovered EM anomalies, zero debt and more but not much info as far as economic guidance is concerned and perhaps that's what the market is demanding before it can price Fox any better.
Again I'm talking from a longer-term position so I'm happy thus far to stick by until I see numerical figures at hand.
- Forums
- ASX - By Stock
- announcement
The price has been to-ing & fro-ing since early Nov. '06 in a...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)