Hi Guys This has now hit some solid support at 62c, i highly...

Hi Guys

This has now hit some solid support at 62c, i highly doubt it will break through this level. It is now oversold and below the average price which is currently .645c. Also i dont think this will last with the news flow to come.

meltychoc what lack of announcements are you talking about, did you read the quaterly report released recently?
Just in case you missed it here are the up coming announcements we can expect over the next few months

* Scoping study results for Galshar Coal Project (May)
* 7500m of drilling Galshar Coal Project (Early Feburary)
* Exploratory Drilling Galshar Coal Project
(Feburary - continuing through out the exploration season)
* Khar Tarvaga Mining licence approval
* Khar Tarvaga work programs
* Exploration results from Hust Uul Gold Project
(Completed in November 2010)
* Exploration Results from Elgen Zos JV Gold Project
* Also other work programs on other base metal projects
* Potential Aquisitions (Coking Coal)

http://www.hotcopper.com.au/asx_announcements.asp?id=262530

So i would say there will be very strong news flow over the next quater and the rest of the year.GL to all holders

GB