re: re:should be an interesting I will not argue that OXR is not a good company, it is and I am probably bullish on its long-term outlooks, its just people here are very ignorant of a few simple facts.
OXR has had an exponential move, these moves do not last. A exponential move is as follows:
OXR experience this move when it came out of the getto's:
This is what followed:
and now:
What’s likely to follow??? Its obvious
and its not just OXR, look at any stock that does it, take for example MCR:
On the other side to, current metal prices will not be sustained at this level in the future, the history of metal prices shows these spikes up are common and they always result in a equal spike down.
WHILST OXR LOOKS CHEAP AT THESE LEVELS ON ITS CURRENT PE AND PROJECTED EPS, THESE FORCASTS ARE MADE ON THE ASSUMPTION THAT METAL PRICES WILL STAY WHERE THEY ARE OR DECLINE SLIGHTLY, THIS IS A MISTAKE BY ANALYST AS HISTORY SHOWS METAL PRICES WILL NOT STAY WHERE THEY ARE AND WHEN THIS HAPPENS, ASSUMING OXR PRODUCTION DOES THAT INCREASE DRAMATICALLY THEN OXR MAY BE OVERVALED SIGNIFICAMTLY AT THESE LEVELS
OXR
oxiana limited
