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Share
31/05/07
20:36
Share
Vasilly,
By oversold I mean that the share price has been sold down under a level that represents the true value of the company and its assets/projects.
You can see that after it touched 23c today the buyers came flooding in looking for a supercheap price.
Have a look at the market depth on the buy side compared to the sell side now. Not many sellers under 30c (nor should there be imo)
Hardly any trade at all this afternoon.
Why would you sell at these cheap prices with results pending and drilling underway ? This company has great management and plenty of $$$ in the bank.
Tomorrow should see green again !
Footy
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