The short term traders have disappeared in this one and some sellers are pulling out and put their stock on 3 or 4 cents higher. The charts is at the early stages of what appears to be a significant change in direction, probably to early to call it for sure. OXR mention on their website they are considering corporate deals in the philippines. LAF & OXR both have their head office in Melbourne. LAF is now in an ideal position being the first foreign owned company to start a mine in 35 years and puts the big miners to shame. They now have the perfect legin to any new mines with a strong asian based financial partner/s in LG International and KORES backing them.
If I owned OXR and I used to when they were 4c I would be selling and buying LAF...I own LAF and no short term profits this time!!
LAF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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