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ABZ Aus bauxite.

Chart Forum » Stocks - ASX: short term (strictly TA) » Archive through April 03, 2011 » ABZ Aus bauxite.

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azworkinit
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Username: azworkinit

Post Number: 138
Registered: 02-2008

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Tuesday, October 26, 2010 - 09:34 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Ausbauxite has broken out yesterday, after increased volume and more consistent trading last week. Was that some form of head and shoulders, I dont know!. Anyhow it is tightly held with Top20 holding some 80% of shares. Fundamentals look good with drilling projects ongoing on known bauxite ground in three states, close to shipping. Capital raising recently completed. Perhaps someone would be kind enough to give me some analysis for conversations sake. Got some at 47c early yesterday. Rgds Az.


ABZ


"Success is a lousy teacher.It seduces people into thinking they cannot lose."BILL GATES.

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