swingstar said:
Hopefully, people with an open mind will now see that there are many possible reasons for the recent spike, and that no one's analysis is necessarily more credible.
It's really a bit silly!
Spikes occur as a result of unforeseen events, as a rule.
Or, or known events, where timing (and knowledge) is wholly in the hands of the company itself.
We know that OXR has aggressive drilling taking place at a number of different, highly prospective locations. They probably have a much better chance finding something pretty good (usually because they are close to an area of known quantity/quality) than the explorer with a small budget and huge unexplored tenements.
However, for OXR to move sharply in price will take a gigantic find as with over a billion shares on issue, getting traction will not be so easy.
On the other hand, with so many takeovers now in train, a good rumour here and there can do wonders.
My only concern about the techies when it comes to commodities is that the underlying factors of a company are ignored in favour of sheer price action/volume.
Frankly if OXR goes up or down in the next week or month it is of no concern to me. I know OXR continues to have excellent unhedged sales of metals that are high-priced by every historical standard. In the case of lead from Golden Grove, it is selling at all time highs, while zinc is just a few cents shy of its all time high.
I am not sure what swingstar wants from fundamental analysts: We don't (or should not) use the info to trade on a short term basis. A possible exception right now is in relation to zinc or nickel-based equities that appear to be exposed to constantly increasing metal prices, with an underlying expectation that any retrace represents a good buying opportunity.