G'day joaquim, last week went as predicted really, a bit of a drop off Friday but the general "mauling" didn't help. In the absence of any other dramatic changes I would expect the rise to continue.IMO EBR is still quite undervalued and as people trade to make money they will continue the upward pressure on the sp at current bargain prices. I would expect 6.5-7c by weeks end. they should put out their quarterly Monday or tuesday and the only negatives there should be Myall Creek off the horizon as a project but remember a few other projects have appeared lately. There should be some results out soon on some of the bigger projects. We will have to see the the latest figures but they should still have about 2cps cash backing. The gas find is worth about 3cps and the other projects should be worth at least 3cps so 8c would be a good price at present even more compared to some of the speccies people are pouring money into.
So I reckon its still onwards and upwards IMO nyway
Cheers
Have a good week
fc
G'day joaquim, last week went as predicted really, a bit of a...
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