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04/11/09
15:33
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Srry I am not sure I understand your post???
If the market was waiting for that to be the case from studying old data then well good luck to them.
LRC is just starting the drill campaigne and it is this that will push it to 1-2million oz.
The 700+mill oz is a great first step IMHO and there was anticipation before the announcement, hence it being bought up to 3.2c pre today.
I really don;t see this going under 2c as some have suggested and anywhere from 2.8 to 2c is perfect buying IMHO.
If you takea look at the MACD, it is in downtrend, if you look at the Stoich it is on the cusp of uptrend, RSI is also moving towards over sold.
So you know the deal, need I comment further ????
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