Seems to me, besides a crap day all round, the market needs more confirmation from VXR and the DFS should re-set the outlook. Interestingly this week we saw a change in strategy at NST. Their mantra was Australia and Gold, now they have bought into Alaska.
Not a stones throw from the goldfields, so quite a significant move and the market loved it. So what's next? Why have they been in VXR so long and why have been sneaking up the register. Answers to these questions could arrive soon. Bill is patient, disciplined and astute. DFS coming out this month, watch this space..
VXR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held