OXR - Oxiana Limited

[BradK]

Just went long with a Guaranteed Stop Loss.

Looking great chart wise at the moment and hopefully will close at EOD at highs

What do you reckon Kennas?

Brad

 

[Sean K]

Just went long with a Guaranteed Stop Loss.

Looking great chart wise at the moment and hopefully will close at EOD at highs

What do you reckon Kennas?

Brad

Looks like it could be breaking, but I'm personally waiting to see how it goes this arvo. Might not be profit taking, but who knows. It's tried to break $3.50 four times in the past year and failed, so we'll see. Sentiment seems to be very strong in commods at the moment so there's a strong chance this could be it, IMO. All the best. At $3.61 as I speak, so looking good.

 

[R0n1n]

Lets hope it goes blue skies...

I only came on board at 3.40...

Like kennas said its the volume we need to watch carefully...

 

[Sean K]

Looks like it could be breaking, but I'm personally waiting to see how it goes this arvo. Might not be profit taking, but who knows. It's tried to break $3.50 four times in the past year and failed, so we'll see. Sentiment seems to be very strong in commods at the moment so there's a strong chance this could be it, IMO. All the best. At $3.61 as I speak, so looking good.

Got through, and could be called a breakout now IMO. Will be interesting to see if it runs from this point. I suppose the next target would be $3.75/all time high which isn't far away. So maybe a little consolidation around there. Could even test $3.50 I suppose to confirm the break.....Got my bases covered there.

Risks are a general market fallover of course. Just where is the top? China's going nuts again which is a concern.

 

[theasxgorilla]

Got through, and could be called a breakout now IMO. Will be interesting to see if it runs from this point. I suppose the next target would be $3.75/all time high which isn't far away. So maybe a little consolidation around there. Could even test $3.50 I suppose to confirm the break.....Got my bases covered there.

Risks are a general market fallover of course. Just where is the top? China's going nuts again which is a concern.

IMO, both of those scenerios are possible ie. retrace to test $3.50/.55 or furthering of the breakout into a new all-time-high. This weeks close will be of great interest...a close up around the highs will be positive, above $3.76 (just over 3% away from todays close, so not at all out of reach) would be super-positive. As you say, its possibly going to depend on how strong the market is overall, although if OXR can buck the trend of the greater market then we have another positive sign. We also have rising daily volume out of the June 8th lows.

 

[nizar]

IMO, both of those scenerios are possible ie. retrace to test $3.50/.55 or furthering of the breakout into a new all-time-high. This weeks close will be of great interest...a close up around the highs will be positive, above $3.76 (just over 3% away from todays close, so not at all out of reach) would be super-positive. As you say, its possibly going to depend on how strong the market is overall, although if OXR can buck the trend of the greater market then we have another positive sign. We also have rising daily volume out of the June 8th lows.

This is outstanding.
Been watching for a while.

$3.50 was very signficiant resistance tested 3 times over the last 12 moths.

ZFX also nice, a blue sky break, but OXR much better, the resistance was more historical and more significant.

Alot of money going into the big guys, OXR, ZFX, BHP, RIO. Reminds me of last year. January last year.

If i was to buy this one 2mrw, which is very likely, stop would be a touch under $3.50. Maybe $3.40-$3.45. I dont want this to close below $3.50.

Like ASX.G says, it could go either way. Either up up and away. Or a pullback (on low volumes would be textbook) to $3.50-3.55 before we are away again.

 

[reece55]

IMO, both of those scenerios are possible ie. retrace to test $3.50/.55 or furthering of the breakout into a new all-time-high. This weeks close will be of great interest...a close up around the highs will be positive, above $3.76 (just over 3% away from todays close, so not at all out of reach) would be super-positive. As you say, its possibly going to depend on how strong the market is overall, although if OXR can buck the trend of the greater market then we have another positive sign. We also have rising daily volume out of the June 8th lows.

I'm with you ASX.G here, the mighty Ox is roaring and a low risk entry has presented itself. The break today was significant IMO as we have cleared resistance that has been in place for a very long time. Even if we do retrace, I think that the least path of resistance is upward from here. Personally, being a swing trader with a little lower risk appetite, I think that a stop of just below 3.50 would suffice, but I really like the way it's looking.

All the best to all on this ride......

 

[MBI]

This is outstanding.
Been watching for a while.

$3.50 was very signficiant resistance tested 3 times over the last 12 moths.

ZFX also nice, a blue sky break, but OXR much better, the resistance was more historical and more significant.

Alot of money going into the big guys, OXR, ZFX, BHP, RIO. Reminds me of last year. January last year.

If i was to buy this one 2mrw, which is very likely, stop would be a touch under $3.50. Maybe $3.40-$3.45. I dont want this to close below $3.50.

Like ASX.G says, it could go either way. Either up up and away. Or a pullback (on low volumes would be textbook) to $3.50-3.55 before we are away again.

I am vested on this counter, and as you have indicated it had given me false starts and excitement time and time again over the past 1 yr, I am holding my breadth this time round. I must say this time round it is ramp up is stronger and it will need to test $3.76/3.80 to convince me of a breakout.

Let's hope this laggard will charge forward this time and give us another ride.

cheers

 

[legs]

From someone who has held this stock since it was about 0.90, it is great news. The last year has been so frustrating seeing it bounce form 2.50 up to 3.5 then back down again at least three times, finally we now have a breakout IMO. Lets see it press for $4.00 and put the last 12 mths behind us...( i shouldn't be greedy, i'm up 280% in 2 yrs!!)

 

[MBI]

There again, today seems to confirm its momentum is fizzling baseing on candlesticks. Market is not taking well the offloading of Wilun mine, or should I say, it was expecting something more significant than that to happen. Getting a little impatient and would probably liquidate position soon. Any opinion where the sp will be heading next week?

 

[Sean K]

Any opinion where the sp will be heading next week?

Maybe $20, or $2.00, or $3.50. Have to ask Yogi that question I reckon.

This has still broken up and out of the sideways range IMO. Everything consolidates. I wouldn't mind it touching $3.50 ish and bouncing off to confirm the break actually. There was always probably going to be resistance around the all time high and linked to some consolidation on the XAO and you have a slight pull back. Not fretting over it yet. I'll re-evaluate on a clear break down through $3.50. It's a possibility, but hey, it's the stockmarket!

 

[swhmale]

Maybe $20, or $2.00, or $3.50. Have to ask Yogi that question I reckon.

if it goes to $2.00 i'll take a hundred thousand and hang on till it headbutts $3.50 again. seriously, like most, i've hung on for dear life since getting in at $2.88 last year, watching it go up, then down, then up, etc, etc, sold yesterday @ $3.67, if it drops to $3.50 might jump on again, very masochistic.

 

[Dutchy3]

Suggested this one and took positions in early May ... moving away nice now with a moderate degree of leverage ... all the press seems favourable. Anyone want to venture a price/time target?

 

[56gsa]

Wondering if any OXR followers have any thoughts on what OXR will do with NEL... will it go the way of Wiluna Gold and be sold off to fund the Indon gold project - if so who do you think could be likely buyers - TOE perhaps?

or do you think OXR will want to keep it?

NEL has lifted past few days after ann on Wiluna sale...

 

[MBI]

Wondering if any OXR followers have any thoughts on what OXR will do with NEL... will it go the way of Wiluna Gold and be sold off to fund the Indon gold project - if so who do you think could be likely buyers - TOE perhaps?

or do you think OXR will want to keep it?

NEL has lifted past few days after ann on Wiluna sale...

My take is that NEL isn't at the top of Hegarty's list of non-core assets for disposal following the Agincourt acquisition. Given the mid-term bullish uranium prices, he can afford to hold on to NEL till the project is ready for BFS or offered a price that one cannot refuse.

On the other hand Wiluna has a -ve cashflow gold deposit, so disposing its smelting plant along with whatever residual gold deposit seem to me a good and creative way of extracting value (also pertinent to take note that OXR still retains mining rights to uranium and other minerals in the tenement).

Yeah having said that, I also noticed the bollinger bands are squeezing for NEL over the past week and the MACDs crossed over on 18 Jun. So perhaps may be something is already brewing.

Cheers

 

[legs]

Oxiana just purchased 6 million AQD shares.
Apparently the managers from both companies used to work together.

Oxiana has stated in the past that it is looking to grow and actually has made acquisitions.

 

[laurie]

Oxiana just purchased 6 million AQD shares.
Apparently the managers from both companies used to work together.

Oxiana has stated in the past that it is looking to grow and actually has made acquisitions.

Its because they may think its a protection against a takeover themselves

cheers laurie

 

[Damuzzdu]

OXR has broken out today to form a new all time high. Previous high was $3.82 formed back on 12th May 2006. It then suffered during that May/June correction.

This might bring in new buyers now that mostly everyone holding are now not sitting on losses.

Cheers
Muzz

 

[greenfs]

I hope & trust you are correct, but as I profit holder of this stock I suspect that the current price may be recognised as nearly full value and that the share price will probably stagnate or may even retract a little.

I t will be interesting to see what happens over the next few days

 

[Rafa]

most analysts have put price targets of between 4.50 and 5.00 on OXR...
breaking out of its all time high is a critical move, would look to see if that all time high now acts as support.