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Australian Coverage, page-2

  1. 3,322 Posts.
    The dead red hearts are long gone from here.
    They were telling you how great this was at 10c-20c and they were selling!

    I told you all in Sept at 20c to sell. Now its half that at 9.5c.
    It has a good currency hedge but its a domestic producer potential only so with a serious brasil recession worst in 30 years i would stay away until a defined flatline appears and the bottom appears, maybe at the prior basecamp of 5.0c

    Rio Olympics in August may create some interest yet brasil has become a deathground for many overseas investors (see MBN & Vale BHP) so they stay away as it keeps taking and not giving back.

    10.0c couldnt hold which may mean a lower low is in play at 7.9c -9.0c or may go to basecamp of 5.0c again, lets wait and see if 9.0c can hold. I wouldnt be buying here at all.
    Last edited by tomboy: 27/03/16
 
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