scubazPosts: 7,500
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weissy
15 Oct '12
The close price on 17th of September was 0.67p the previous peak on the 5th of July was 0.65p. On the 8th of may the peak was 0.75p. The trend may have turned , so the next peak 0.75p . news can change things quickly.
BAO jumped from its low of 6.5p when the funding news came through . So 50% up to around 0.8p would be about right.
WeissyPosts: 1,883
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Scubaz
15 Oct '12
We certainly will. Can't go wrong with Gold atm. OTC hugely undervalued at this price £7m in the bank means the 1.36m oz resource valued at a massive £5m. Bonkers!!!
scubazPosts: 7,500
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Jamie, weissy
15 Oct '12
So we are all in the same boat then , patience and we may get our day
bing9482Posts: 345
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don't understand why
12 Oct '12
the MMs would open the spread with 0 buys and 1.5mil sells...???
WeissyPosts: 1,883
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jamie / scubaz
12 Oct '12
Handy averages. SP and spread is strange as there is no volume. If it stays like this it will finish the day flat imo.
scubazPosts: 7,500
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weissy
12 Oct '12
I bought into OTC when I first started trading in my naive days but averaged down so around 0.8p would put me at break even.
WeissyPosts: 1,883
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Scubaz
12 Oct '12
Up we go, what you averaging here now? i'm in at 1p as no money to average down but happy as a break of 1p should see good northward progress. lets get 0.7p out the way first.
scubazPosts: 7,500
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weissy
12 Oct '12
Your probably right although 1.5p would do me fine :)
WeissyPosts: 1,883
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Scubaz
12 Oct '12
With funding confirmed 1.5p would easily be toppled i would have thought as that only values OTC at 35m with 20m equity fund 7m in the bank and whatever amount the funding is agreed at. Granted there will be dilution unless the funding is aligned with production sales.