Time to buy again, oversold and ready to run up at 95...

Time to buy again, oversold and ready to run up at 95 cents.

Huntleys' Recommendation


Last Analyst Update: 27/08/2004
Recommendation Accumulate below 85c
Last Price 0.80
Market Cap 950
Sector Materials


Rating Outlook
OXR boasts an attractive combination of established operating cashflows from Sepon Gold and the potential for growth through exploration and development. Recent progress on the various exploration and development options has been pleasing, particularly Prominent Hill. OXR continues to earn a reputation for growth and performance and strong cashflow from 2006 onwards will provide the necessary capital for the pipeline of emerging development options. With a view to the company's positive medium term prospects, we retain our accumulate recommendation, but have reduced the accumulate price to below 85c.