the running of the bulls...

Good morning DGR fans.

Some excellent posts on DGR this morning noting that yesterday's price action saw consolidation at higher levels with the bulls taking control despite some holders throwing away value at these "lower" levels. As Mark noted, the bullish Harami pattern adds to the plethora of bull signals we now have in our bag. Wave charts suggest interim targets of 47 and 60, with a break above 50.5 signalling to me that we are in for one hell of a ride. Short of giving advice (which we cannot do as we are not advisers - DYOR etc.) the disclaimer at the bottom of each post should now read "Strap in - this bull is in for a good run and won't stop to sidestep those who fall in the path on the way to the arena".

Anduramba results aside, the upside from increased Moly prices should not be underestimated (also as Mark points out, the EV on a "current" basis is now north of $1, and that's before the bulls have even left the preverbial pen). Add to that the "Ian Levy factor" and an assortment of other corporate goodies and we are riding a winner.

And like any good bull rider, just because the bull wants you to get off, just remember that the winner is always the one who manages to stay on the longest (unlike the Mudgee Show, you don't get a prize for just patting the bull).

Enjoy the run into the arena.

Regards
Kit

(Personal opinion only).