DIO 0.00% $1.27 dioro exploration nl

5 wave correction completed..rally targets 135, page-7

  1. SCD
    3,438 Posts.
    Thanks c95mpq for that...TA looks deeply oversold.

    I little promotion of the merits of this company could see it rocket.

    Last night, I was re-reading the Carmichael broker report dated 22nd November 2007 available on the Dioro website.

    A huge number of positives...not least their price target of $2.36 and buy recommendation when it was trading at $1.85!!!

    Since that time recommendation, the company has delivered and exceed many of the underlying assumptions...and never tripped once or disappointed. Seems incredulous that they are trading, today, around $1.08

    Even more incredulous when one recalls that the Canadians paid C$1.60 (A$1.84) per receipt (share) plus, agreed to pay a price of C$2.08 (A$2.39) to convert 15.625m warrants within 2 years - being 30% greater than the issue price of the receipts!!!!!!!!!!!!!!!!!!!!!!!!

 
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