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15.0¢ phoenix gold limited

Ann: Phoenix Advises REJECT Evolution's Takeover Offer, page-56

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insaf

7,689 Posts.

399

07/10/15

19:37

Post #: 16132843
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Originally posted by insaf ↑

Interesting games taking place.Just looking at the TA , i reckon 18-20 range will be final outcome taking account into offer. Only my personal opinion. EVN is due to run to 1.5 region as a gap present there and broke thru 1.305 to create provide new uptrend. PXG has to navigate 13.5 to 15.5 c region and people will sell and then the next phase is to the mid 18s. The only ST risk for me now is the drop in EVN - this will not happen unless POG collapses (im talking below 1100s and major selloff in world markets (Hard to predict that one). In this environment no brainer. I am planning to rotate some shares in from evn to pxg. Hopefullu today if EVN hits my strike target of 1.375. For the holders, unless you need the cash it would be crazy to sell imo at least until 15.5 c mark is reached.

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Yeah hit my strike at evn. Now looking to c vol increase at pxg. This will give an indication of movement. I dont wanna b stuck at pxg while evn is off to the races. But for the patient pxg has still got upside.

PXG Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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