I get a 65.5c target for the next upwards pivot line...
With 74c possible upside overun before retrace and overshoot down to 52, before final consolidation in the 55-60c range.
Next run after that will be looking at targets in the 90c range.
Timing is not important, but I do see the above scenario playing out well before the end of the year, with the likelihood of a comfortable margin over $1 before we see the new year.
Drilling at Cethana will of course impact, as will timely production of coal.
Significant run brewing here, helped along considerably by the expected performance of the IPO...which should see overflow funds injected into GUJ on market, especially from Indian Sources.
In fact I suspect some of the recent "seeding" has been letting in some offshore interests...as evidenced by the apparently "friendly" tranfers taking place from time to time.
With qualification of course...and no unforseen develoments...this should perform well.
Cheers!
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GUJ
gujarat nre resources nl
I get a 65.5c target for the next upwards pivot line...With 74c...
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NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
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