OAU 0.00% 0.7¢ ora gold limited

someone's excited, page-7

  1. 3,459 Posts.
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    From a technical point of view I see today as a clear turning point.

    Despite heavy selling pressure at 4.7 (why you would sell at 4.7 when it was clear there were buys prepared to play 5+c is beyond me) the stock proved resilient and I can see a new base forming at or around 4.5c but probably 5c replacing the previous base at or around 3.5c. In the past it would have caved in back to around 4c (eg Monday's performance).

    Sell side shows that sellers have been shaken out - for now; I'd suggest high 5s will bring a few more out. I'm a firm believer in price momentum and clearly that has shifted form down-neutral to up.

    Bring on those drills results. Realistically we won't see the assay reports until May but hopefully they'll get some on site results out beforehand - they'll have plenty of copper in them and a nice smattering of gold.
 
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No. Vol. Price($)
1 348933 0.7¢
 

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0.8¢ 18991560 18
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