auk down, where to from here?, page-3

Thanks osr,

Just sent a reply but my net dropped out and I lost it!

In sum, there's twitching at that 0.20 Support and resitance line. Its held well all week but tried to punch lower today to 0.19. Didn't last long there - I could be well wrong but that might indicate the support is holding (it actually seems to be a S/R band of 0.18-0.20). If it gives a resource announcement might give it some spike.

Let us know if you make that call! Indo is a good dig (IMO) for the near to mid term, we'll just have to see if the resource delivers. That copper and nickel that brought the SP to 0.30 along with the speculators is still in the ground with prices on the way up IMO (see BHP statements on its nickel ops today and inventory is starting to drop).

AUK does seem to jump around a bit ('why copper?' has become 'why gold') so hopefully some more certainty in the copper, gold, nickel and siver price trends will give the company some clearer strategic planning.

What's your views on the indo play vs the NSW resource upgrade option?

COLCOM