Australian (ASX) Stock Market Forum

Re: OUTSTANDING BREAKOUT Alerts!!

QGC - Santos have revised their offer to purchase QGC up to $1.30 a share plus a 1 for 1 share offerQGC shareholders would also receive shares on a one-for-one basis in a `New QGC' that would own a number of QGC's existing highly prospective tenements. The `New QGC', led by the current QGC board and management team, would focus on immediately commercialising these coal seam gas assets. They tentavely value the new company shares at 50c a share thus escalating the TO offer of QGC to 1.80 per share or there abouts. SP now at 1.60 (up from 1.37 today)
 
Re: OUTSTANDING BREAKOUT Alerts!!

MMX,

Someone exercises 10M options for 50c each and that sparks a frenzy. They stand to make a fortune, not us. Where is the upside, they export iro ore. Look before you leap.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Maybe someone can teach me how to do proper chart upload incl the copyrights in it.

It seems that this company is going slow but up steady recently.
keep in mind that it has dropped from sp around 70 c
But the graph looks good to me
 
Re: OUTSTANDING BREAKOUT Alerts!!

Dont get excited but i couldnt help but notice over the last couple of weeks this thread has been getting less of a work out !! Im sure i used to visit this 4 to 5 times a day but today i nearly felt like posting on it just to see if it was still working!!!
Market a little tighter perhaps?!
 
Re: OUTSTANDING BREAKOUT Alerts!!

j4mesa said:
Maybe someone can teach me how to do proper chart upload incl the copyrights in it.

It seems that this company is going slow but up steady recently.
keep in mind that it has dropped from sp around 70 c
But the graph looks good to me

hi j4mesa

you are correct. however the fall was due to restructure of the co.

they were becoming uncompetitive with their old process and needed a change of machinery etc.

this has been happening last year and a bit as reflected by the SP.

they still pay pretty good divies. well even better if you got in around 16c ;) anyhow EPS expected to increase. hoepfully divies increase.

anyway prob in the wrong thread for this.

the point is you have to take the drop from 70c into context.

regards

youngneil
 
Re: OUTSTANDING BREAKOUT Alerts!!

One that I have kept an eye out since I spoke to the managing director at the Mining Expo last year, has been Crescent Gold.

It broke out of its sideways pattern of .28c to .32c only the last couple of days on some great news. Hit .40c yesterday on 2.2mil trades.

Yet to buy, hoping to retrace a little now.

Happy to here from those with more experience in charting if this stock is going anywhere?
 
Re: OUTSTANDING BREAKOUT Alerts!!

AEE broke out to a new high this morning at 79.5 cents. There has been relatively light selling on the way up with several hundred thousand shares traded each day. The oppies have been even tighter running from around 11 cents to 49 cents on very small volumes. AEE shareholders are IMHO expecting much higher prices.
 
Re: OUTSTANDING BREAKOUT Alerts!!

VRE appears to have broken out of its resistance of 31.5c from 13 months ago, closing at 32c today. Just needs to confirm breakout tomorrow with higher close.

Volume is good. Looking promising.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Novski said:
VRE appears to have broken out of its resistance of 31.5c from 13 months ago, closing at 32c today. Just needs to confirm breakout tomorrow with higher close.

Volume is good. Looking promising.
Going to need some larger volume I think, otherwise it risks a double top. I do hold, and am of course, hoping for a break out.
 
Re: OUTSTANDING BREAKOUT Alerts!!

chops_a_must said:
Going to need some larger volume I think, otherwise it risks a double top. I do hold, and am of course, hoping for a break out.

I agree Chops, nice looking chart, glad you are in, I'd guess it will break up through old resistance, and will watch it with interest. I may jump in if it retraces after the breakthrough.

Garpal
 
Re: OUTSTANDING BREAKOUT Alerts!!

Garpal Gumnut said:
I agree Chops, nice looking chart, glad you are in, I'd guess it will break up through old resistance, and will watch it with interest. I may jump in if it retraces after the breakthrough.

Garpal
Why wouldn't I? Seemingly undiscovered resource stock that is going to be a PRODUCER in the very near future, not merely a crossing fingers and hoping producer 5-10 years down the track. Hedging of Gold between $830 and $900, giving them a decent margin and cash flow security. Looks to be a winner, regardless of whether it breaks out soon or not.
 
Re: OUTSTANDING BREAKOUT Alerts!!

BHP SP up $1.30 to $27.98

Has been high today of $28.12

The market liked the half yearly ANN today

BHP $27.98 +$1.30 +4.87% 15,058,903 $419,938,799 07-Feb 10:08:30
 
Re: OUTSTANDING BREAKOUT Alerts!!

PDN-think it actually broke out yesterday and maitained price.Further confirmation today,possibly due to last weeks rise in U and also the state of their projects compared to other U hopefuls being out of favour
 
Re: OUTSTANDING BREAKOUT Alerts!!

CGJ-would say that it is now confirmed breakout.Only upper resistance could be last high of about $14.65(apologies if this is wrong).Just read on tradingroom.com that it mentions sharks close in as coles continues to struggle,another headline says that Barclays have snapped up $836m of shares and a further headline says that Coles bidders have plenty of appetite.Looks as thoough Coles could be back in play as a t/o target
 
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