It's frenzy time again. Will wait to see the nature of the announcement and then decide whether I get in or stay out. Good call by those who saw the Bollinger Bands and other such trends on the graphs.
I had not got in of late. For those who have suffered like me in the past, I really hope this is a good announcement. How many times have we hope for the announcement on finanancing only to have our hopes dashed?
I do not believe this has anything to do with financing yet - but could hold serious prospects for the big announcement in the near future if copper holds up.
I think that if things are good with the announcement, it could prove a good entry point. However, plant construction and planning are a long way off - so there will be plenty of time to get in. We still need the EIS approved, let alone completed. I will look to load up large once construction is underway and the loan facility is firmed up to my satisfaction.
I recall OXR (now AUZ) and PNA in the early days of plant construction and lead up to production - there was plenty of time to load up before these stocks shot up 6-15 times their early share price value.
URL Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held