1.25ish is a logical turn point... its the 61.8 fib retrace from...

1.25ish is a logical turn point... its the 61.8 fib retrace from the 3.28 peak.

200,000 units short sold yesterday.

I'll be looking to take a position again if it bounces off that level.

Have a relative who lives in Orroroo. He mentioned when Boart Longyear were there doing the test holes last year that the holes kept filling up with ground water.

Whole town is run from ground water... wonder if that's why they haven't been doing much there since?

Would have thought that strategically it was well positioned to supply power / gas to olympic dam and replace some of the generation which will be lost when Alinta closes down Pt Augusta Power station.

PB seems to be good at starting stuff, but needs to work on the finishing.

I like the Co's prospects long term. Can't argue with peak oil.