OXR - Oxiana Limited

[Sean K]

should explode today,

$4 by end of year imo

I'm still waiting for $4.00 by the end of 06. LOL.

 

[Ken]

How wil OXR reach $4? Commodity prices rise? Exploration takeover?

I bought 1000 shares at $2.90, as i saw them as growth stock.

The company looks to be trading on a very low PE of 9, correct???

And it is one of the success stories on the stock market of 2006, and I see it continuing into 2007 with some patience.

I see OXR reaping the rewards when resources get some stability.

 

[Sean K]

How wil OXR reach $4? Commodity prices rise? Exploration takeover?

I bought 1000 shares at $2.90, as i saw them as growth stock.

The company looks to be trading on a very low PE of 9, correct???

And it is one of the success stories on the stock market of 2006, and I see it continuing into 2007 with some patience.

I see OXR reaping the rewards when resources get some stability.

Ken, I was taking the P!ss out of MBs post on 1 Dec 06 forecasting $4 for OXR by the end of the year (2006).

One of the reasons why you should not post price targets without some type of justification, or forethought. It's fraught with danger.

 

[Ken]

haha

 

[reece55]

Chops
I agree with you in saying that we will probably see OXR head back to about the 2.60 range. Pity, because fundamentally this Company has a lot going for it. Their latest drill results were fantastic and I wouldn't be surprised if they are able to extend there already defined resources in Golden Grove and Prominent Hill in coming years. However, the market is the only indicator in our world..... Todays sell off on high volume, with a close on near the bottom of the range indicates sellers. + All you have to do is view total market depth to see what is going on - at about 3, OXR had 2.3 Mil Buyers and 8.3 Mil sellers - not a good sign...

Watch for a bounce though - OXR is a great trading share, I will be looking for high volume and a tight range at around about the 2.60 for a possible long entry...... For now, I would be staying away.......

Cheers
Reece

 

[legs]

legs?

copper prices are not low...

they are still relatively high compared to 5 years back. there is just uncertainty.

If you paid $US8,800 a tonne in May you would think a 40% price reduction to its value now, not low but a BARGAIN!!! Considering demand surely hasn't dropped by 40%, it is what I call cheap, cheap, cheap. If you bought a house in May for $880,000 and now could buy the same house for $570,000 what would you call it??? cheers.

 

[legs]

Through resistance at 2.80. Can't see this stopping before 2.60.

Oops seemed to be wrong, not by much though...good for us all i suppose that it didn't stay there long, a bargain picked up by the big investers... gold and copper will continue to rebound... my opinion anyhow...

 

[Ken]

Oxiana looks okay to me for a long investment.

Its had incredible backing.

 

[theasxgorilla]

A possible Elliott Wave count on OXR...price projections could be as follows:

50% extention of Wave (iii) of 5 could reach $3.95.

61.8% extention of Wave (iii) of 5 could reach $4.31 (also the 150% extention of wave (i) of 5).

78.6% extention of Wave (iii) of 5 could reach $4.83. (also the 200% extention of wave (i) of 5).

 

[Sean K]

A possible Elliott Wave count on OXR...price projections could be as follows:

50% extention of Wave (iii) of 5 could reach $3.95.

61.8% extention of Wave (iii) of 5 could reach $4.31 (also the 150% extention of wave (i) of 5).

78.6% extention of Wave (iii) of 5 could reach $4.83. (also the 200% extention of wave (i) of 5).

Gorilla, interesting, but I would have started wave 1 from the $1.00 mark, just before the bull rise, which changes your count slightly but is no less bullish....

MACD is saying bad Karma....



Do I have no idea??

 

[reece55]

Kennas
I am not an elliott wave man by any accounts (studying the theory at the moment), but todays close doesn't exactly inspire confidence. Plus, all technical indicators point to distribution and bearish divergence, not bullish IMO. So if the prediction of a higher target is true, I think we might have one more move down before we zoom ahead.... I still await a dip to 2.70 - 2.60, but I could be drastically wrong here......

Cheers

 

[Rafa]

i am liking this elliot wave count, but like reece, i too am surprised by the virtual non effect of the doubling of the resource based annouced yesterday.

i am a long term holder of this stock, since the $1 days, so i'm certainly not planning on selling...

But, its hard to consider buying some more in the present market conditions.

 

[Sean K]

Kennas
I am not an elliott wave man by any accounts (studying the theory at the moment), but todays close doesn't exactly inspire confidence. Plus, all technical indicators point to distribution and bearish divergence, not bullish IMO. So if the prediction of a higher target is true, I think we might have one more move down before we zoom ahead.... I still await a dip to 2.70 - 2.60, but I could be drastically wrong here......

Cheers

I'm just learning too, so this could be way off. I think wave 3 supposed to be the strongest wave in an uptrend so the first pattern doesn't really fit in. But if it is 'generally' true, then this potential wave 3 up leg might be strong....maybe.

 

[theasxgorilla]

Wave 5 can be extended ie. longer than Wave 3. That is perfectly legal. Consider my example chart of WOW in the WES thread (wrong place really, but I was attempting to demonstrate a point about the upside potential of WES).

https://www.aussiestockforums.com/forums/showpost.php?p=111427&postcount=45

Kennas, your count could be valid, and does not invalidate my count. Your count (to my interpretation) is the 5-wave sub-division of the Wave 3 in my count. The 5th wave is extended, but as mentioned already, this IS legal and likely given that the price of gold was also experiencing bull conditions around this time.

If Wave 4 is yet to complete it is a high likelihood that my count will be invalidated by more sideways consolidation.

I would not be trading this myself right now but lets see what time brings.

 

[millionplusmate]

Oxiana Copper Blues

Oh boy...is there a crystal ball dude out there!!! Whats the go with copper? Im getting mixed messages...My accountant who is always on the ball reckons copper is going to bottom down $3000 by end of year. Other pundits are blaming the falling car market and housing market in US...the latest is that South American mine sites have stockpiled heavily in last 5 years but have pushed production along at the same time. Ive done alright over the last 6 months but would be loving some good advice otherwise the new house isnt looking so rosy. Thanks in anticipation of some fresh advice.

Bradley

 

[Kruegs]

Hi there... I have purchased some Call Options on OXR today ($2.75 exp June), hoping it to rally on the back of Gold. Does anyone have a feel for how heavily OXR is influenced by the Copper price, as opposed to Gold. Any current sentiments overall, as to what OXR will be doing in the next few weeks?

Cheers,
Kruegs

 

[rederob]

Hi there... I have purchased some Call Options on OXR today ($2.75 exp June), hoping it to rally on the back of Gold. Does anyone have a feel for how heavily OXR is influenced by the Copper price, as opposed to Gold. Any current sentiments overall, as to what OXR will be doing in the next few weeks?

Cheers,
Kruegs

Kruegs
I think you will find Golden Grove delivers OXR its strongest result over the last quarter.
So you need to look at OXR's silver, lead and zinc!
Because of the historical precedence of OXR to copper and gold, its share price will move to each of their movements: I expect that might change in the second half of this year.

 

[mlennox]

also keep in the forefront of your minds reporting on wednesday.....

OXR doesn't tend to do much after announcements, and the ceo is known as a spruker however they've definately got fundamental upside however much of a battering it takes technically its still a ?? stock IMHO and a potential takeover target

 

[reece55]

A ?? stock mlennox's......................... LOL

OXR is a great Company and Hegarty is a great leader at the helm. But $6 bucks.... mate, that is a ridiculous price target for this Company at present. There is no way a prospective buyer would pay anywhere near this much for the Company - it has great assets, but it isn't worth that much...... $4 would be a decent target for 07 IMO, unless they find something that isn't in the knowledge of the market place at the moment..........

Cheers

 

[mlennox]

also keep in the forefront of your minds reporting on wednesday.....

OXR doesn't tend to do much after announcements, and the ceo is known as a spruker however they've definately got fundamental upside however much of a battering it takes technically its still a ?? stock IMHO and a potential takeover target

Ok 3.60 is more realistic short term (1-2 yrs) but long term (3-6) i'd say 6 bucks is more then achievable.... and i thought i was short sighted day trading this thing haha