I am afraid to say it but the support of $2.55 that had held well prior to the new financial year is GONE. I was one who thought come this new financial year that the selling would stop and the shorts would cover but i am shocked to see the selling intensify today.
Technically this is heading down to $2.00 for hopefully a solid base. THIS IS CRAZY. The stock is being viewed as a Zinc company only (which is a fallacy) and not a base metals company with precious metals as well. Some big fundies are very dissapointed and are offloading, there are also those %%^& who are going short and they will get there just deserts i hope.
I am still long on this stock but i am dissapointed that the company has let this happen without atleast some news on their progress. I mean what is Happening at AVERBURY............what happened to all that nickel they were finding in tassie last year...we have heard zip........OXIANA really need to sell their story better.
Patience patience......i guess is the operative word.
But the way things are going we are going to loose our company at a very very cheap price.
OXR Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.