Thanks Helium and the Sundance Kid,I am not finished with you...

Thanks Helium and the Sundance Kid,

I am not finished with you yet.

Here is the DIO share price plotted against my gold producers index over the last 6 months.

Its not the best chart, as with most of the goldies, because of its wide spread.

The idea behind it is that any vertical movement is due to change in the goldies index while any horizontal is due to the change in the company price.

Therefore at the current gold producers level I would say that the share price is as below.

Minimum - 41c
Average = 58c
Maximum = 75c

Of course as the gold producers index increases so the predicted levels change with it. This is my bit of home made technical analysis so it might be meaningless but I still find it interesting just the same.

I therefore conclude that DIO is seriously oversold.



I leave the fundamentals for someone else.